Infinite Possibility: Creating Customer Value on the Digital Frontier

DIAMOND
RATING
Senteo Rating 4.5
04/27/23
views 14901
comments0
Author:B. Joseph Pine II, Kim C. Korn
04/27/23
views 14902
comments0
Author:B. Joseph Pine II, Kim C. Korn
DIAMOND
RATING
Senteo Rating 4.5

Infinite Possibility: Creating Customer Value on the Digital Frontier
B. Joseph Pine II, Kim C. Korn Barrett-Koehler Publishers, Inc., 2011
Senteo’s Review information

This book is an application of Joseph Pine’s classic Experience Economy methodology to the digital realm. The book begins with a quick review of how innovations emerge in various industries, using “experience” to disrupt and capture market share.

The authors use the “progression of economic value” framework to contextualize their arguments, applying examples of digitally-oriented experiences and how IT can enable different business models to augment reality. The authors argue that technology should not be for technology’s sake, but enhancing the customer experience. They introduce the “multiverse” model, leveraging time, space and matter axes to construct 8 octants encompassing different forms of reality and virtuality, providing a novel way to frame experiences. Separate chapters are devoted to each of the octants, providing examples between reality and virtuality for the concepts of physical virtuality, mirrored virtulity, augmented reality, augmented virtuality, alternate reality and warped reality. The remainder of the book focuses on execution of such a “multiverse” and serves as a playbook for experience designers or business modelers looking for (digital) examples to incorporate experience design into their thinking.

 

A comprehensive and much-needed application of The Experience Economy to the digital world. Pine and Korn provide engaging and motivating examples for understanding each of their multiverse octant characteristics and contrast them with each other to explain the core principles. We particularly like the examples such as the chapter on warped reality and “experience flow,” drawing from casinos and theme parks to highlight how experiences can protect us from the “tyranny of time.”

The introduction of octants of the multiverse can be difficult to grasp and not very intuitive for the beginner. Examples used in areas such as augmented reality in service design may lack enough specificity for some readers. Others have cited the dense nature and not-so-intuitive selection of axes and nomenclature, utilizing some forced analogies of explorers/navigators and some overlap between the octants, however we believe the authors compensate for these shortcomings with motivating examples and suggestions on how to utilize their theory in particular environments

Digital technology offers limitless opportunities—you really can create anything you want—but real-world experiences have a richness that virtual ones do not. So how can you use the best of both? How do you make sense of such infinite possibility? What kinds of experiences can you create? Which ones should you offer?

In Infinite Possibility Pine and Korn provide a profound new tool geared to exploring and exploiting the digital frontier. They delineate eight different realms of experience encompassing various aspects of reality and virtuality and, using scores of examples, show how innovative companies operate within and across each realm to create extraordinary customer value. Follow them out onto the digital frontier to discover the opportunities that abound for your business.

This book is required reading for business modelers and experience designers, as well as aspiring consultants looking to frame the Experience Economy principles in a digital world. Consultants will find the methodology rich in its applications while potential clients (product designers and business modelers) will find a tool set for breaking down your product or service offering into component parts in order to find alternative attributes and fundamentally change your business model. This book is useful for both beginners as well as seasoned professionals.  Look for more examples and clarifications to contrast the octants of this model in subsequent editions to this essential reading.

Senteo Subject Category
Senteo

This book builds upon Pine’s Experience Economy to provide a framework through the Eight Octants for understanding and applying the real and the virtual to the customer experience. It provides both a strategic understanding as well as framework for implementation planning.

The best book reviews in your inbox!
Subscribe now and receive a special gift with your subscription.


    Leave a Reply

    Infinite Possibility: Creating Customer Value on the Digital Frontier
    B. Joseph Pine II, Kim C. Korn Barrett-Koehler Publishers, Inc., 2011
    Have you already read this book?
    Here, are people invited to rate the book?

    How useful was this post?

    Click on a star to rate it!

    Average rating / 5. Vote count:

    No votes so far! Be the first to rate this book.

    See content on this topic

    Mr. Ruckman gave insights into the changing role of leadership in modern companies, the changes in business models over the last few decades, focusing on what firms should do.
    Does a good customer experience guarantee a strong customer relationship? This article explains how positive and fulfilling experiences can be utilized to develop mutually beneficial relationships.
    Voice On Demand Retail Podcast: Contacts, Experiences and Journeys: What customers really want
    Michael Ruckman, President & CEO of Senteo talks about Customer Contacts, Experiences, and Journeys in this fast moving presentation from the MECS+R Congress in 2021 in Dubai.
    Voice On Demand Retail Podcast: Part 1 – Customer Experience & Journeys
    Michael Ruckman talks about Customer Experiences & Customer Journeys, The three faces of Digital for Retailers and the state of leadership in the retail market today.
    What is Relationship-Centricity?
    This short video explains what relationship-centricity is and how it is different from customer-centricity. Follow the link to see how companies can extract value from their relationships with
    How to Build a Business That Lasts 100 Years
    Join strategist Martin Reeves as he explains how executives can apply six principles from living organisms to build resilient businesses that flourish in the face of change.
    Senteo Rating
    Brainfluence
    Senteo Rating
    Great by Choice
    Related Book Reviews & Education
    This book is in dissertation form and seeks to investigate how service delivery practices result in high Net Promoter Scores (NPS). Over 930 surveys containing traditional customer satisfaction and NPS questions were collected from GE Healthcare Practice Solutions customers as they implemented the Practice Management and Electronic Medical Record software products over a 20 month period.
    Siggelkow and Terwiesch propose 4 frameworks for transforming episodic interations between customers and businesses into continuous customer relationships, removing many of the issues of traditional business models.
    Jim Joseph, author of The Experience Effect, offers a guide for brand building and is intended for marketers, proposing a 6-step approach.
    Brand Sense starts with the premise that we are all intimately familiar with our senses, but it is only when one of them is missing that we realize how important they are. In most cases, the advertising community communicates almost exclusively in visual and/or auditory terms, neglecting the other three senses.