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Glossary: Economy

 

 

 

   

Experience Economy

 

 

 

   

" I hear and I forget. I see and I remember. I do and I understand."
~ Confucius

 

 

 

 

The experience economy refers to the economic concept where businesses focus on creating positive, outstanding, and memorable experiences for prospects and customers, distinguishing their value proposition as a separate offering from traditional goods and services.

Experience economy is also about feedback-based experiential development of innovative value.

 

 

 

In an experience economy, many goods and/or services are sold by emphasizing the positive effect they can have on people's lives. The emphasis is on the value derived from engaging customers and/or users through unique and impactful interactions rather than just selling products or services.

 

How To Engage Customers

Experiential Marketing

CXM

 

 

 

User Experience

To nurture great user experience means to actively cultivate and enhance the interactions users have with a solution, product, service, or value innovation. ensuring they find excitement, satisfaction, ease of use, and positive engagement throughout their journey. This involves understanding user needs and emotional drivers, continuous improvement, and offering support at every stage.

 

KoRe e-Coach: THANK-YOU notes from Users

Love Your Users

User-driven Innovation

 

 

 

Vadim Kotelnikov

Coaching by Example

Outstanding User Experience

Innompic Games

Vadim Kotelnikov, founder of 1000ventures - personal logo VadiK

Inventor Business e-Coach

Author Innoball

Founder Innompic Games icon

 

 

Innompic Games
are a mission-driven impact innovation. They inspire entrepreneurial creativity, innopreneurial smartness, challenge-based accelerated learning, creative teamwork, joyful artful performances, cross-cultural collaboration and friendship.

  Example of Great User Experience (UX): Innompic Games

 

 

 

 

Experiential Development

Experiential development revolves around the process of learning through direct experience, focusing on engaging individuals in:

▪ hands-on activities that allow them to identify and nurture their strengths, talents, and skills, as well as to discover new opportunities for growth;

beta-testing of innovative solutions and new products in order to help developers obtain market feedback and discover opportunities for improvement, value innovation, and diversification.

This approach emphasizes the reflection and application of learned concepts to promote personal growth and behavioral changes.

 

New Product Development (NPD)

5 How of Great New Product Development

10 Best Practices

Apple's 10-3-1 Approach to Design

Prototyping

Testing Tips

Observing Users

Learning SWOT Questions