Hello Everyone, first off i would like to thank for you taking time into reading this, this is my summary, and critique to the article custom products: Give the people what they want. the article is from Canadian business you can find it through Google, I'm not quite sure if i can post a link directing you to the website so i decided not to take the risk and post a link up.
So if you can just read over my work and correct any mistake it would be greatly appreciated
Thanks
I AM NOT A TEACHER
Custom products: Give the people what they want
So if you can just read over my work and correct any mistake it would be greatly appreciated
Thanks
I AM NOT A TEACHER
Custom products: Give the people what they want
Summary
By, Chengcheng Guo
This article “Custom products: Give the people what they want,” written by Eleanor Beaton is about a new miracle performed by the progressive firms across the business spectrum called mass personalization. After decades of mass productions and forcing customers to buy products that don’t exactly fit their needs, mass personalization is now here to allow client to tailor their own products to their personal needs with out paying “custom prices.” There are many factoring driving mass personalization, including the internet, which provides consumers with easy access to customization tools, technological advances which are making it cheaper and easier to custom-make goods, and the increase of user-generated content coupled with proliferation of on-demand which tells customers to expect personalization. A professor at RWTH Aachen University in Germany Frank Piller says that customization was started in the 1990s but it was the flexible and digital technology that gave the more significant takeoff today. Examples of mass personalization companies include PNI Digital Media Inc., which has seen over 70% year over year growth in personalized products such as calendars, coffee mugs and more over the past couple of years. Also Indochino, a man suit company, which started in 2007 who claim to be the world’s largest online retailer for custom suits in the world, has grown to over 50 employees. Robyn water says that mass personalization is still underused in the services industries. She points out that “Banking and financial planning are still dominated by generalized investment products rather than personalized tools that help people realize their dreams.” Last Eleanor states that you don’t want to overwhelm customers with to many choices with mass personalization.
Critique
By, Chengcheng Guo
As a consumer myself I think mass personalization is a great idea, and will benefits not only me but every other consumer out their a lot. And as an entrepreneur I think this is a great time to start a small business on costuming small products, or services because mass personalization means many new openings in the market at the moment. Personalization should be put especially into the service industry because we rarely, if ever, see people being able to customer their services. So to all the eager entrepreneurs out there, here’s your chance, now go for it!