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For Consumer Product Strategy Professionals

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September 29, 2009

Social Media For Product Development

by Paul Jackson

with J.P. Gownder, Laura Wiramihardja

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Executive Summary

While much has been written about the marketing potential of social media, we often overlook how firms are using the technology to help innovation and product development. How do you actually capture the "wisdom of crowds" and use "crowdsourcing" to drive profitability? This document explores case studies, best practices, and rules of the road for getting engaged communities to shape product design and service development without ending up with (unprofitable) niche end products.

This is an excerpt

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