Companies who embrace the interaction field model generate, facilitate, and benefit from data exchanges among multiple people and groups -- from customers and stakeholders, but also from those you wouldn't expect to be in the mix, like suppliers, software developers, regulators, and even competitors. And everyone in the field works together to solve big, industry-wide, or complex and unpredictable societal problems.
ABOUT THE BOOK
How the most successful businesses are creating value and igniting smart growth
Most businesses today focus on competition and disruption instead of collaboration, participation, and engagement. They focus on transactions instead of interactions. They seek to optimize or extract value rather than share it. They build assets and thrive on enormous scale, huge distribution networks, and brand recognition. But then along comes a rival that doesn’t care much about your brand and your other assets, and it either rushes past you or mows you down.
In The Interaction Field, management expert and professor Erich Joachimsthaler explains that the only way to thrive in this environment is through the Interaction Field model. Companies who embrace this model generate, facilitate, and benefit from data exchanges among multiple people and groups–from customers and stakeholders, but also from those you wouldn’t expect to be in the mix, like suppliers, software developers, regulators, and even competitors. And everyone in the field works together to solve big, industry-wide, or complex and unpredictable societal problems.
The future is going to be about creating value for everyone. Businesses that solve immediate challenges of people today and also the major social and economic challenges of the future are the ones that will survive and grow.
"One of the most significant inflection points many businesses are facing is the reality that their fates are not in their own hands. Instead, they depend on the actions of ecosystem players. Joachimsthaler’s insightful book is a timely guide for how to navigate this new context.
We all know that something fundamental has changed in how businesses deliver value, but many of us have no idea what to do about it. This deeply insightful book takes you behind the scenes to explore the idea of shared value – for real.
Virality, network effects and learning have changed the very nature of competitive advantage. This deeply insightful book will show you how to use these shifts to your advantage."
- Rita Gunther McGrath, world-renowned thought leader and a professor at Columbia Business School
"THE INTERACTION FIELD is a thrilling new way of looking at a successful business model for the future. This fascinating book contains great business stories as well as important thinking today's CEOs should become familiar with." - Vijay Govinadarajan, NYT and WSJ bestselling author, Three Box Solution: A Strategy for Leading Innovation
"Undeniably compelling.. a timely source for leaders who want to be relevant in the next decade."
- Beverly Anderson, President of Global Consumer Solutions, Equifax
"In this powerful and groundbreaking book, Joachimsthaler clearly demonstrates how platform thinking can be utilized to create shared value and drive new growth for companies and brands." - David Collis, author, Corporate Strategy: Resources and the Scope of the Firm
"A fascinating, practical and insightful book that brilliantly examines the value that platform thinking can bring to companies and brands in today's hyper-connected world." - Sangeet Paul Choudary, international bestselling co-author, Platform Revolution, and author of Platform Scale
"An engaging, insightful and immensely practical book on building strong brands and businesses delivering not just shareholder value but also shared value for companies, customers and society."
- Vince Hudson, SVP Enterprise Marketing Strategy, American Express
It’s that high testosterone type thinking that everything and everybody needs to disrupt, Times of India, July 20, 2020
Moving the needle from brand value to shared value, BrandEquity, July 17, 2020
Masters Speak: The Interaction Field, Future Generali Life India, July 10, 2020
Four principles that can help build stronger brands: Erich Joachimsthaler, Vivaldi, Business Insider India, February 27, 2020
It’s an unpaid advertising economy: Erich Joachimsthaler, BrandEquity, February 22, 2020
Are you creating brands or consumers?, Times of India, February 22, 2020
Brand Strategy is what you want to be known for and aspire to be: Erich Joachimsthaler, afaqs News Bureau, February 20, 2020
How can affiliates use ‘interaction fields’ to engage online users?, Affiliate Insider, December 2, 2019
'Interaction fields': How marketers can navigate the new age of the internet, The Drum, November 21, 2019