The Transformation Economy with B. Joseph Pine II
About this episode
B. Joseph Pine II discusses the shift towards the transformation economy and how businesses can create value by focusing on customer aspirations.
In The Transformation Economy: Guiding Customers to Achieve Their Aspirations , B. Joseph Pine II argues that an economic shift is underway, in which transformations—not commodities, goods, services, or experiences—will become the highest form of value creation. Pine is an internationally acclaimed author, known for having coined the term “experience economy” in the 1990s. He works as a speaker and advisor to Fortune 500 companies. In his new book, he suggests that most companies compete by improving what they sell, while missing what customers actually want: to become different people. In his conversation with Adam Job, senior director at the BCG Henderson Institute, Pine discusses the evolution of economic value creation, the North Star for transformation businesses, and how to scale from one to many transformation journeys. Key topics discussed: 01:01 | The evolution of economic value creation 03:35 | How to get into the transformation business 10:35 | The North Star for transformation businesses 15:07 | Scaling beyond individual transformation journeys 16:46 | Different types of transformation journeys 20:37 | Making transformations last 24:12 | Taking the first step toward…
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