“Wow-Factors” for Boosting Business

Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 498)

Abstract

WOW, that’s great, what that company is doing. This comment is human factor in business context in its purest form. Wow-factor is something that won’t only separate the company from others, but separates it superiorly. Wow-factor is the factor that already exists in companies’ business and affects to people in many cases. It just needs to be found consciously, to be defined clearly and utilized better in order to enhance business and profits. In this article, we show different points of view about the Wow-factor in business context. Paper presents the ontology of the wow factor by utilizing literature review. Paper also presents a model for Wow-factor analyses in business. Article presents the idea of a new kind of factor for the corporate business development and brings up the overall concept of the Wow-factor in business models. Future research needs and actions are handled at the end of the article.

Keywords

Human factor Wow-Effect Wow-Factor Moment of truth (MOT) Service science Service engineering Point of interaction (POI) Business development 

Notes

Acknowledgments

The research and article is results of project called “Fast Wow-effects boosting SME business” which is partly funded by Tekes—the Finnish Funding Agency for Innovation.

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Copyright information

© Springer International Publishing Switzerland 2017

Authors and Affiliations

  • Tero Reunanen
    • 1
    • 2
  • Marcus Penttinen
    • 1
  • Arndt Borgmeier
    • 3
  1. 1.Industrial Management and EngineeringTurku University of Applied SciencesTurkuFinland
  2. 2.Tampere University of TechnologyPoriFinland
  3. 3.Leadership Industrial Sales and TechnologyAalen University of Applied SciencesAalenGermany

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