Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Social Media and NPD
1. Social Media and New
Product Development
By Victoria Gnatoka
November 12, 2012
2.
3. • Go to Citroen UK Facebook page
• Visit “virtual factory”
• Choose your preference in the following elements:
•The number of doors (three or five)
•The colours of the body, detail and dashboard
•Other features of the car (Bluetooth, Sat-Nav and alloy wheels)
• Submit
• Enter into a prize draw
• Share your design
http://youtu.be/5K3hLBGO53s
14. BENEFITS OF SOCIAL MEDIA
Virtual laboratory
of ideas
Two way
communication –
direct &
immediate
feedback
Extra value for
customers –
direct response
to their needs
Co-shaping the
whole brand
Co-creation –
increased trust &
loyalty
Creating online
advocacy
Driving revenues