Wednesday, April 16, 2014

Lesson 3/Week 6: Invent on Behalf of the Customer

Another question we were asked to think about for this week concerns the various levels of products we currently use.  There are generally 3 levels of a product:
  • Core – the benefits itself we set out to obtain as consumers
  • Actual – the physical product we purchase
  • Augmented – additional non-tangible benefits a product can offer and customers find useful

The first two levels are fairly self-explanatory.  However, the idea of augmented products includes areas like sales service, help lines, warranties, or free delivery.  Here are a couple of my favorite products:
Core
Actual
Augmented
Blu-Ray movie player, games console
PS3
PS Network for games, Smart-TV replacement
Mobile communication and information capability
HTC One M8 Cell Phone
Sprint’s 4G LTE network, Google Android Apps
Sustenance
Papa John’s Pizza
Fast service, convenient online ordering, frequent promotions

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