Economic Value
I see this is being valuable because
I think it’s more efficient for Ford consumers to make a decision on the vehicle
through the web application customization. It definitely saves time and money. I
also think having the web application available on a social media website like Facebook
bring publicity to Ford and their products.
EXAMPLE: Let say the 2013 International
Auto Show is coming up and they are doing a special marketing presentation for
the Ford Mustang. We all know thousands of people are attending this event. They even have visitors from out of town for
this event. At the auto show, they pose that you can customize and see what feature
are available for this Mustang through this application on Facebook. Most
people are already users of Facebook so I think it they will be more prone to
use it. With that being said, the
average cost for publication booklets for 20,000 people would cost $1131 alone (according
to printpelican.com). Not only ford
would save money by using the web app but they will get business worldwide
based off the national and international visitors from the auto show and a have
an opportunity to build more revenue. This is definitely economically valuable.
Hi Chris, Could you estimate the economic value of the application from some of the numbers you've gathered (plus maybe some best guesses)?
ReplyDelete