Books and Book Chapters by University of Dayton Faculty
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Description
Publisher's description: Business survival requires valuing what customers value—and in our overworked and distraction-rich era, customers value their time above all else. Real-time companies beat their rivals by being faster and more responsive in meeting customer needs.
To become a real-time company, as top scholars Jerry Power and Tom Ferratt explain, you need a real-time monitoring and response system. They offer detailed advice on how to put procedures in place that will collect data on how well products or services are saving customer time; identify strengths, weaknesses, threats, and opportunities; and specify innovations needed to save even more customer time.
Where should leaders look to innovate? Powers and Ferratt say to search every step in the life of a product or service, from development to production to usage. And for each step, they identify four possible levers for innovation: the design of the products or services themselves, the process used to produce them, the data that can be gathered on their use, and the people who make or provide the product or service.
The book features dozens of examples of companies that are getting it right and the innovations they used to help their customers save time, all while helping themselves to a hefty slice of market share. This is a comprehensive, authoritative guide to thriving in a revolution that is sweeping every industry and sector.
ISBN
9781523085637
Publication Date
2019
Publisher
Berrett-Koehler
City
San Francisco, CA
Disciplines
Business | Business Administration, Management, and Operations | Management Information Systems
Recommended Citation
Power, Jerry and Ferratt, Thomas W., "The Real-Time Revolution: Transforming Your Organization to Value Customer Time" (2019). Books and Book Chapters by University of Dayton Faculty. 41.
https://ecommons.udayton.edu/books/41
Included in
Business Administration, Management, and Operations Commons, Management Information Systems Commons
Comments
Tom Ferratt's introduction is made available for download with permission of the authors and the publisher. Permission documentation is on file.
Copyright © 2019 by the Authors and Berrett-Koehler Publishers, San Francisco, CA. All rights reserved. www.bkconnection.com
Thomas W. Ferratt is professor emeritus at the University of Dayton. He is a nationally recognized academic, researcher, and consultant. He has written extensively in leading journals on a variety of IT-related topics. He holds a PhD from Ohio State University and has over 40 years of academic experience.