Customer Engagement. Table of Contents
|
|
|
- Alexia Matthews
- 10 years ago
- Views:
Transcription
1 Customer Engagement This case emphasizes the importance of customer engagement (hereafter, CE) to marketing practice, particularly consumer marketing. We will review the existing evidence related to the role of customer engagement in marketing practice from a critical thinking perspective, and ultimately make recommendations for how Best Buy should seek to increase customer engagement as part of their marketing strategy going forward. Table of Contents Contents Table of Contents... 1 Why a Focus on Customer Engagement (CE)?... 2 What is Customer Engagement (CE)?... 4 Originating from Customer Experiences... 4 Moving from Customer Experiences to Customer Engagement... 7 Summary How Does Customer Engagement (CE) Work? Other Evidence in the Literature to Date Summary Bibliography
2 Why a Focus on Customer Engagement (CE)? There is an abundance of evidence supporting the conclusion that increasing CE is generally associated with good/better marketing outcomes. SAP recently identified 44 facts helping to make this case in defining the future of CE based from a variety of information sources (see The transcript from this slideshow is presented below: 44 Facts Defining the Future of Customer Engagement Presentation Transcript FACTS DEFINING THE FUTURE OF CUSTOMER ENGAGEMENT 2. Customers who are fully engaged represent an average 23% premium in terms of share of wallet, profitability, revenue and relationship growth compared with the average customer. (Gallup State of the American Consumer 2014) 3. In the consumer electronics industry, fully engaged shoppers make 44% more visits per year to their preferred retailer than do actively disengaged shoppers. And when they do visit their preferred electronics retailer, these fully engaged shoppers purchase more items than they originally intended to. (Gallup State of the American Consumer 2014) 4. In the retail banking industry, customers who are fully engaged bring 37% more annual revenue to their primary bank than do customers who are actively disengaged. (Gallup State of the American Consumer 2014) 5. Fully engaged policy owners purchase 22% more types of insurance products than actively disengaged policy owners do. (Gallup State of the American Consumer 2014) 6. Fully engaged hotel guests spend 46% more per year than actively disengaged hospitality industry guests spend. (Gallup State of the American Consumer 2014) 7. 52% of those surveyed whose organizations are building customer service apps for mobile devices are also creating mobile-friendly websites vs. 36% who are creating native ios/android mobile apps. (Social Media Today: The Social Customer Engagement Index 2014) 8. 27% of companies say it takes them less than an hour to respond to questions/issues on social channels. (Social Media Today: The Social Customer Engagement Index 2014) 9. 15% of companies surveyed say more than 25% of customer service inquiries are initiated over social channels. (Social Media Today: The Social Customer Engagement Index 2014) % of organizations see that customer service will be the top source of competitive differentiation in the next three years. (The Service Council s (TSC) Service Transformation: The Business Case) % of organizations indicate increasing importance being placed on service. The Service Council s (TSC) Service Transformation: The Business Case % of customers are willing to spend more with companies who provide superior customer service. (SAP, Customer Service is the Heart of Marketing) % of companies say Facebook is the most effective social channel for customer service. (Social Media Today: The Social Customer Engagement Index 2014) % say they have seen very positive impact from social on customer service goals and objectives. (Social Media Today: The Social Customer Engagement Index 2014) 2
3 15. 81% of companies say social customer service strategy is integrated into overall social strategy of the organization. (Social Media Today: The Social Customer Engagement Index 2014) % of buyers require person-to- person contact in the buying process (ITSMA/CFO) 17. Algorithms based on customer usage patterns can predict when a customer will be interested in a specific product, and provide sales teams with prompts to approach the customer with tailored upsell and cross-sell offers. These efforts can achieve improvements of 10 15% EBITDA in subscription businesses. (McKinsey 2013) 18. Customer retention is 14% higher among companies applying big data and analytics to deal velocity. Aberdeen Customer Engagement Report % of best-in-class companies provide Sales with remote access to social media. Aberdeen Customer Engagement Report By 2016, the web will influence more than 50% of all retail transactions, representing a potential sales opportunity of almost $2 trillion. (US Cross- Channel Retail Forecast, 2011 to 2016, Forrester Research, July 2012) 21. Companies that put data at the center of their marketing and sales decisions improve their marketing return on investment by 15-20% (McKinsey 2013) 22. Only 14% of marketers say customer centricity is ranked high within their organization; only 11% percent say that their customers would say customer centricity is ranked high within their organization. The CMO Council, Mastering Adaptive Customer Engagement (2014) % of marketers believe that quick response times to customer requests or complaints is the most important attribute demonstrating customer centricity through the eyes of their customers. The CMO Council, Mastering Adaptive Customer Engagement (2014) 24. Facebook's "like" button is pressed 2.7 billion times every day across the web, revealing users interests. (BI Intelligence 2014 Report) 25. An integrated analytic approach can free up some % of marketing spending. Worldwide, that equates to as much as $200 billion that can be reinvested by companies or drop straight to the bottom line. (McKinsey 2014) % of Marketing Execs surveyed say that it is a combination the people, the processes and the platforms needed to properly develop, manage, measure and continue delivery of the customer experience. The CMO Council, Mastering Adaptive Customer Engagement (2014) %of Twitter users in the U.S. consume news on the site (more than the percent of those who do so on Facebook), according to Pew Research. (BI Intelligence 2014 Report) 28. According to a CEI Survey, 86% of buyers will pay more for a better customer experience, but only 1%of customers feel that vendors consistently meet their expectations. (Forbes) % of marketers view customer centricity as critical to the success of their business and role at the company. The CMO Council, Mastering Adaptive Customer Engagement (2014) % of buying experiences are based on how the customer feels they are being treated. (McKinsey) 31. A 2% increase in customer retention has the same effect as decreasing costs by 10% (Leading on the Edge of Chaos, Emmet Murphy and Mark Murphy) 3
4 32. 55% of consumers would pay more for a better customer experience. (Defaqto Research) 33. The customer experience will reign as the primary investment target in 2014 as 68% of businesses plan to increase their customer management spend. (2014 Call Center Executive Priorities Report) 34. The majority of businesses are unable to support an omni-channel customer journey. Only 12% can provide a seamless hand-off between channels. (Forrester Wave Customer Service Solutions 2014) 35. According to a CEI Survey, 86% of buyers will pay more for a better customer experience. (Forbes) 36. An Accenture study found that 72% of respondents showroomed, or bought digitally after seeing a product in a store. (Accenture) 37. Millennials, those consumers aged 18 to 34, remain the key age demographic for online commerce, spending more money online in a given year than any other age group. (Business Insider Intelligence 2014) 38. More shoppers are looking to take advantage of seamless retail services involving the store: In a recent survey, 19% of shoppers said they are using click and collect services. (Accenture) % of women indicated that they made an online purchase in the last year, compared to 52% of men. (SeeWhy 2014) 40. In the first quarter of 2014, 198 million U.S. consumers bought something online. (comscore's quarterly State Of Retail report) %of men made purchases on their smartphones versus 18.2%of female respondents. (SeeWhy 2014) 42. Millennials spend around $2,000 annually on e-commerce despite having lower incomes than older adults. (Business Insider Intelligence 2014) 43. Boomers and seniors have adopted mobile commerce. 1 in 4 mobile shoppers in the U.S. is over the age of 55. (BI Intelligence 2014 Report) 44. Women indicated they weren t ready to buy 2x more than male respondents, with 62.5% of females, versus 24.7% of males, revealing a desire to browse more before buying via their tablets. (SeeWhy 2014) It is easy to see why marketers are so interested in increasing customer engagement levels with their products and brands! Some additional sources making this case can be found in the State of the American Consumer (Gallup, 2014), Mastering Adaptive Customer Engagements (SAP, 2014), and The Social Customer Engagement Index 2014: Results, Analysis, and Perspectives (SAP, 2014). These reports will prove invaluable as you progress throughout this case. What is Customer Engagement (CE)? Originating from Customer Experiences The origins of the concept of customer engagement can be traced to earlier considerations of customer experiences as a concept. Meyer and Schwager (2007) argue that customer experiences encompasses every aspect of the company s offering. Companies traditionally tried to capture the customers experiences through measures of satisfaction, which they defined as 4
5 essentially the culmination of a series of customer experiences (e.g., the net result of good ones minus bad ones). Meyer and Schwager (2007, p. 2) define customer experiences as the internal and subjective response customers have to any direct or indirect contact with the customer. In brief, Meyer and Schwager (2007) (1) distinguish customer experience management from customer relationship management based on different subject matter, timing, monitoring, audience, and purpose; (2) call for the specific measurement of customers experiences,; and (3) argue that systematically monitoring customers experiences can allow for improving the experience, which is positively correlated with a marketer s bottom line. Verhoef et al. (2009) take a dynamic view of customer experiences across time. They propose a conceptual model of customer experience creation (see Figure 1), as well as identify a half dozen important issues worthy of future research (see Figure 2). Figure 1: Verhoef et al.'s (2009) Conceptual Model of Customer Experience Creation 5
6 Figure 2: Verhoef et al.'s (2009) Identification of Customer Experience Creation Issues Puccinelli et al. (2009) extend these arguments by considering customer experience management in retailing from a social psychological perspective. These authors argue that specific elements of consumer behavior play important roles during various stages of the consumer decision making process. Figures 3 and 4 present their key arguments. Figure 3: Puccinelli et al. (2009) Linkages Between Elements of Consumer Behavior and Decision-Making Models 6
7 Figure 4: Puccinelli et al. (2009) Important Areas of Future Research Moving from Customer Experiences to Customer Engagement Gambetti and Graffigna (2010) identify the concept of engagement as a means to capture consumer experiences in customer-centric marketing approaches. Based on exploratory and systematic content analysis, these authors report evidence that (1) five contextual dimensions of engagement exist (consumer, customer, brand, advertising, and media), however, (2) consumer brand engagement is the only significant concept in their findings. In addition, Gambetti and Graffigna (2010) assert the importance of the behavioral activation component of engagement, 7
8 including its co-creational, social sharing, interactive, collaborative, and participative dimensions. They thus call for holistic views of marketing brands. These authors call for further research in identifying the domain and nature of the concept. Bowden (2009) presents a conceptual framework of customer engagement that considers the concept as a process. This process is envisioned to redirect satisfaction research toward an approach that encompasses an understanding of the role of commitment, involvement, and trust in the creation of engaged and loyal customers. In this view engagement and loyalty are distinct (but related) concepts. Van Doorn et al. (2010) define customer engagement as a customer s behavioral manifestations that have a brand or a firm focus, beyond purchase, resulting from motivational drivers. These authors posit five dimensions of customer engagement behaviors, including: Valence: positive or negative behavioral manifestations. Form or Modality: Refers to the different ways in which it can be expressed by customers (e.g., types of resources such as time versus) money. Scope: Temporal (ongoing 0r momentary) and geographic (local or global). Nature of Its Impact: Conceptualized in terms of immediacy of impact, intensity of impact, breadth of impact, and longevity of impact. Customer Goals: This captures the customer s purpose for engaging. Brodie et al. (2011, p. 260) arguably provides the most comprehensive definition to date of the customer engagement concept (see Figure 5): Customer engagement (CE) is a psychological state that occurs by virtue of interactive, cocreative customer experiences with a focal agent/object (e.g. a brand) in focal service relationships. It occurs under a specific set of context-dependent conditions generating differing CE levels; and exists as a dynamic, iterative process within service relationships that cocreate value. CE plays a central role in a nomological network governing service relationships in which other relational concepts (e.g., involvement, loyalty) are antecedents and/or consequences in iterative CE processes. It is a multidimensional concept subject to a context- and/or stakeholder-specific expression of relevant cognitive, emotional and/or behavioral dimensions (italics not added). 8
9 Figure 5: Source -- Brodie et al. (2011) So et al. (2014) most recently assert that the study of CE to date has largely been conceptual in nature, with little empirical support underlying the development of theory. So et al. (2014) present a first effort to operationalize (i.e., measure) the concept specific to the hospitality and tourism industry. Interestingly, So et al. (2014) trace the origins of the CE concept to employee engagement theory. Interestingly, these authors also ultimately rely heavily on the conceptual definition of CE advocated by Brodie et al. (2011). Figure 6 presents an alternative set of multidimensional concepts that So et al. (2014) build upon to develop their survey items. 9
10 Figure 6: Theoretical Dimensions of CE Proposed by So et al. (2014) Summary Following our critical thinking approach, Table 1 presents a summary of the definitions discussed to date. Source Concept Definition Key Concepts Holistic, Meyer and The internal and subjective response Customer psychological, Schwager (2007); customers have to any direct or indirect experience subjective Rose et al. (2012) contact with the customer. response Verhoef et al. (2009) Customer experience Holistic in nature, customer experience involves the customer s cognitive, affective, emotional, social, and physical responses to the retailer. Holistic, psychological, subjective response 10
11 Bowden (2009) Sprott et al. (2009) Van Doorn et al. (2010); Verhoef et al. (2010) Hollenbeek (2011) Brodie et al. (2011); So et al. (2014) Customer engagement Brand engagement in selfconcept Customer engagement Customer engagement behaviors Customer engagement A psychological process that models the underlying mechanisms by which customer loyalty forms for new customers of a service brand as well as the mechanisms by which loyalty may be maintained for repeat purchase customers of a service brand. An individual difference representing consumers propensity to include important brands as part of how they view themselves. Customer engagement behaviors go beyond transactions, and may be specifically defined as a customer s behavioral manifestations that have a brand or a firm focus, beyond purchase, resulting from motivational drivers. The level of a customer s cognitive, emotional, and behavioral investment in specific brand interactions. Customer engagement (CE) is a psychological state that occurs by virtue of interactive, cocreative customer experiences with a focal agent/object (e.g. a brand) in focal service relationships. It occurs under a specific set of context-dependent conditions generating differing CE levels; and exists as a dynamic, iterative process within service relationships that cocreate value. CE plays a central role in a nomological network governing service relationships in which other relational concepts (e.g., involvement, loyalty) are antecedents and/or consequences in iterative CE processes. It is a multidimensional concept subject to a context- and/or stakeholder-specific expression of relevant cognitive, emotional and/or behavioral dimensions (italics not added). Psychological process underlying satisfaction judgments and loyalty formation Psychological, self-concept Motivated consumer behaviors cognitive, emotional, and behavioral investment in brand interactions psychological state, interactive, cocreative customer experiences, focal agent/object, cocreate value, a multidimensional concept, multidimensional concept, cognition, emotion, behavior 11
12 Customer engagement (CE) is a social psychological process creating a Summary psychological state that motivates a consumer to elicit relationship building consumer behaviors. Table 1: Definitions of Customer Experience and Engagement Beckers et al. (2014) provide the most recent consideration of the appropriate conceptualization and definition of the customer engagement construct and conclude that, consistent with the summary in Table 1, customer engagement represents a latent 1 psychological state, which translates into observable customer engagement behaviors. Beckers et al. (2014, pp ) specifically summarize the state of knowledge to date as: To recap, in the emerging customer engagement literature there appears to be growing consensus that customer engagement is a multidimensional construct containing an attitudinal as well as a behavioral dimension. However, the exact dimensionality of the construct remains debatable. In addition, although there is merit for both an attitudinal dimension as well as a behavioral dimension of customer engagement, similar to the construct of customer loyalty (Van Doorn 2011), the latent dimension of customer engagement needs further refinement. Most importantly, it is unclear yet how the psychological dimension of customer engagement delineates (especially empirically) from alternative well-established constructs in customer management, such as commitment and involvement. Conceptually, So et al. (forthcoming, p.10) argue for the overall customer engagement construct that engagement requires more than the exercise of cognition and that activity sets engagement apart from other constructs. Hence, for the overall customer engagement construct it is the behavioral aspect that distinguishes customer engagement from other constructs. Beckers et al. (2014) ultimately argue for a managerial emphasis in customer engagement research and practice that focuses on observed customer engagement behaviors that go beyond customer-firm purchase transactions. This is the perspective students are encouraged to adopt herein given the weight of the evidence to date. How Does Customer Engagement (CE) Work? Now that we have established to our best ability possible at this time what customer engagement is, we next turn our attention to the specific behaviors that can represent an engaged customer. As asserted above, So et al. (2014) is the first to offer empirical support for the behaviors to be measured to capture CE in marketing practice. Figure 7 presents the view of So et al. (2014) in terms of how they perceive CE operates in marketing practice. 1 See 12
13 Figure 7: Theoretical Model Proposed by So et al. (2014) Beckers et al. (2014) identifies three customer engagement behavioral classifications identified within the extant literature. The first is customer-to-customer interactions, defined as communications between consumers about a company and/or brand (e.g., word-of-mouth behaviors). The second is customer co-creation in new product development, which represents a collaborative new product development activity in which consumers actively contribute and select various elements of a new product offering. Finally, active customer feedback represents the voice of the customer. Figure 8: van Doorn et al.'s (2010) Customer Engagement Management Process So, how should a company attempt to manage a customer s engagement? Van Doorn et al. (2010) present a framework to guide such activities that students are encouraged to consider (see 13
14 Figure 8). These authors propose a three-step procedure involves (1) identifying the occurrence of customer engagement behaviors, (2) evaluating these behaviors, and then (3) taking the correct actions to manage these behaviors. These correct actions would include leveraging, transmitting, and addressing both the positive as well as negative customer engagement behaviors that are voiced internally to the company, as well as attempting to stimulate positive customer engagement behaviors that are voiced to external audiences. In formulating your recommendations in this case, students are encouraged to reconcile their recommendations with this managerial framework. Other Evidence in the Literature to Date The remainder of this section identifies some studies from the literature that can further inform students awareness of the issues related to customer engagement management. This literature is growing rapidly, so students are strongly encouraged to conduct their own literature reviews and updates as part of the activities associated with this case and course. Hellebeek (2011) presents an argument that the three underlying themes of customer engagement behaviors include immersion (perception that time flies in brand interactions), passion (strong, positive affect), and activation (willingness to spend significant time and/or effort interacting with the brand). Hellebeek et al. (2014) extend this line of inquiry by developing and validating a measurement scale which purports to capture customer engagement behavior in social media settings. These authors (1) define the construct as a consumer s positively valenced brand-related cognitive, emotional, and behavioral activity during or related to focal consumers/brand interactions; (2) derive three major dimensions of the construct, including cognitive processing, affection, and activation; and (3) develop a purportedly reliable and valid 10-item survey-based scale to measure the concept. See Figure 9 for how these authors theorize the social psychological process underlying the development of their scale. Figure 9: Source -- Hollebeek et al. (2014) Hollebeek and Chen (2014) present a more comprehensive conceptual model of how customer engagement operates and forms (see Figure 10). 14
15 Figure 10: Source -- Hollebeek and Chen (2014) However, it is important for students to recognize that other perspectives exist as to how customer engagement forms and operates in practice. For example, Wirtz et al. (2013) presents a model of the antecedents and outcomes of online brand community engagement vis-à-vis online brand communities (see Figure 11). 15
16 Figure 11: Source -- Wirtz et al. (2013) As previously noted, Bowden (2009) envisions consumer engagement as a process that encompasses an understanding of the role of commitment, involvement, and trust in the creation of engaged and loyal customers. Figure 12 presents her conceptual framework. 16
17 Figure 12: Bowden (2009) Conceptual Framework for Customer Engagement Verhoef et al. (2010) also present a conceptual model of customer engagement consistent with van Doorn et al. s (2010) definition of the concept of customer engagement, one that positions the concept as a behavioral manifestation toward the brand or firm that goes beyond transactions (see Figure 13). Figure 13: Verhoef et al.'s (2010) Conceptual Model of Customer Engagement 17
18 Van Doorn et al. (2010) also present a conceptual model of customer engagement (see Figure 14). Figure 14: van Doorn et al.'s (2010) Conceptual Model of Customer Engagement Brodie et al. (2011) presents a series of hypothesized conceptual relationships vis-à-vis customer engagement (see Figure 15). 18
19 Figure 15: Source -- Brodie et al. (2011) The Growing Emphasis Supporting Emotional Influences. There is also some recent evidence that emotional consideration may play particularly strong roles in the social psychological processes underlying customer engagement behaviors. For example, Wallace et al. (2014) presents evidence that brands liked are expressive of the inner or social self. A positive relationship is found between the self-expressive nature of brands liked and brand love. Consequently, consumers who engage with inner self-expressive brands are more likely to offer word-of-mouth for that brand (see Figure 16). Sarkar and Sreejesh (2014) develop a threeitem survey scale for brand love, and present empirical evidence that brand love can create customer engagement (see Figure 17). Finally, Franzak et al. (2014) present evidence that emotional arousal mediates the relationship between design benefits and customer engagement. In addition, brand engagement intensifies with emotional arousal as design benefits change from functional, to hedonic, to symbolic. 19
20 Figure 16: Source -- Wallace et al. (2014) Figure 17: Source -- Sarkar and Sreejesh (2014) 20
21 Summary The preceding introduction to the customer engagement literature demonstrates a rapidly advancing area of inquiry. However, this area is still in its infancy in terms of our understanding of how customer engagement should be conceptualized, measured, and used in explanatory models of consumer behaviors and/or marketing strategy formation. That said, the key takeaways From the literature review related to customer engagement include: 1. There is clear evidence that increased (positive) customer engagement is positively related (i.e., correlated) with good marketing outcomes, such as consumer satisfaction and loyalty. 2. A defensible conceptual definition of the concept of customer engagement is identified based on a critical thinking-based literature review. 3. Customer engagement is ultimately a social psychological process leading to a psychological state that motivates customer engagement behaviors. Beckers et al. (2014) ultimately argue for a managerial emphasis in customer engagement research and practice that focuses on observed customer engagement behaviors that go beyond customer-firm purchase transactions. This is the perspective students are encouraged to adopt herein given the weight of the evidence to date. 4. There is growing evidence that emotional considerations and relationships between consumers view of the brand and their selves plays an important role in how customer engagement operates in practice. Bibliography Bowden, J. L. H. (2009). The process of customer engagement: a conceptual framework. The Journal of Marketing Theory and Practice, 17(1), Brodie, R. J., Hollebeek, L. D., Juric, B., & Ilic, A. (2011). Customer engagement: conceptual domain, fundamental propositions, and implications for research. Journal of Service Research, Franzak, Frank, Suzanne Makarem, Haeran Jae, (2014) "Design benefits, emotional responses, and brand engagement", Journal of Product & Brand Management, Vol. 23 Iss: 1, pp Gambetti, Rossella C., and Guendalina Graffigna. "The concept of engagement." International Journal of Market Research 52.6 (2010): Hollebeek, L. (2011). Exploring customer brand engagement: definition and themes. Journal of strategic Marketing, 19(7), Hollebeek, L. D., Glynn, M. S., & Brodie, R. J. (2014). Consumer Brand Engagement in Social Media: Conceptualization, Scale Development and Validation. Journal of Interactive Marketing, 28(2), Hollebeek, L. D., & Chen, T. (2014). Exploring positively-versus negatively-valenced brand engagement: a conceptual model. Journal of Product & Brand Management, 23(1),
22 Meyer, Christopher, and Andre Schwager. "Understanding customer experience." Harvard business review 85.2 (2007): 116. Puccinelli, N. M., Goodstein, R. C., Grewal, D., Price, R., Raghubir, P., & Stewart, D. (2009). Customer experience management in retailing: understanding the buying process. Journal of Retailing, 85(1), Rose, S., Clark, M., Samouel, P., & Hair, N. (2012). Online customer experience in e-retailing: an empirical model of antecedents and outcomes. Journal of Retailing, 88(2), Sarkar, Abhigyan and S. Sreejesh, (2014) "Examination of the roles played by brand love and jealousy in shaping customer engagement", Journal of Product & Brand Management, Vol. 23 Iss: 1, pp So, Kevin Kam Fung, Ceridwyn King, and Beverley Sparks (2014), "Customer engagement with tourism brands: Scale development and validation." Journal of Hospitality & Tourism Research: Sprott, D., Czellar, S., & Spangenberg, E. (2009). The importance of a general measure of brand engagement on market behavior: development and validation of a scale. Journal of Marketing Research, 46(1), Van Doorn, J., Lemon, K. N., Mittal, V., Nass, S., Pick, D., Pirner, P., & Verhoef, P. C. (2010). Customer engagement behavior: theoretical foundations and research directions. Journal of Service Research, 13(3), Verhoef, P. C., Lemon, K. N., Parasuraman, A., Roggeveen, A., Tsiros, M., & Schlesinger, L. A. (2009). Customer experience creation: Determinants, dynamics and management strategies. Journal of Retailing, 85 (1), Verhoef, Peter C., Werner J. Reinartz, and Manfred Krafft (2010), "Customer engagement as a new perspective in customer management." Journal of Service Research 13.3: Wallace, Elaine, Isabel Buil, Leslie de Chernatony, (2014) "Consumer engagement with selfexpressive brands: brand love and WOM outcomes", Journal of Product & Brand Management, Vol. 23 Iss: 1, pp Wirtz, Jochen, Anouk den Ambtman, Josée Bloemer, Csilla Horváth, B. Ramaseshan, Joris van de Klundert, Zeynep Gurhan Canli, and Jay Kandampully (2013), "Managing brands and customer engagement in online brand communities." Journal of Service Management 24, no. 3:
Exploring the Relevance of Mobile Social Media for Facilitating Customer Engagement in Real-time Service Encounters
Exploring the Relevance of Mobile Social Media for Facilitating Customer Engagement in Real-time Service Encounters Introduction The continued advancement of wireless telecommunications infrastructure
CUSTOMER BRAND ENGAGEMENT ON ONLINE SOCIAL MEDIA PLATFORMS
Department of Business Administration Master of Science in Marketing CUSTOMER BRAND ENGAGEMENT ON ONLINE SOCIAL MEDIA PLATFORMS A Conceptual Model and Empirical Analysis Master Thesis Author: Justina Malciute
The Investigation of the Influence of Service Quality toward Customer Engagement in Service Dominant Industries in Thailand
2014 3rd International Conference on Business, Management and Governance IPEDR vol.82 (2014) (2014) IACSIT Press, Singapore DOI: 10.7763/IPEDR.2014.V82.7 The Investigation of the Influence of Service Quality
Customer Engagement: An Important Concept for Marketing and Service Management Research
Customer Engagement: An Important Concept for Marketing and Service Management Research In today s highly dynamic and interactive business environment, the role of customer engagement in co-creating interactive
FACEBOOK INSIGHTS FOR IMPLEMENTING SOCIAL CRM Introduction The rise of the internet and website technologies has resulted in widespread advancement
FACEBOOK INSIGHTS FOR IMPLEMENTING SOCIAL CRM Introduction The rise of the internet and website technologies has resulted in widespread advancement of e- businesses and online trade. The websites create
Customer Brand Engagement on Online Social Media Platforms: A Conceptual Model and Empirical Analysis
University of Aarhus From the SelectedWorks of Polymeros Chrysochou 2013 Customer Brand Engagement on Online Social Media Platforms: A Conceptual Model and Empirical Analysis Justina Malciute Polymeros
7th International Conference of the Academy of Wine Business Research (AWBR) Ontario, Canada, June 12-15, 2013
1 7th International Conference of the Academy of Wine Business Research (AWBR) Ontario, Canada, June 12-15, 2013 BRANDED MARKETING EVENTS: FACILITATING CUSTOMER BRAND ENGAGEMENT Teagan Altschwager University
Accenture Business Intelligence for Fashion and Luxury. Creating a Differentiated Customer Experience for Long-term Brand Loyalty
Accenture Business Intelligence for Fashion and Luxury Creating a Differentiated Customer Experience for Long-term Brand Loyalty Fashion is inherently an ever-changing industry. Customer preferences fluctuate
Status of Customer Relationship Management in India
Status of Customer Relationship Management in India by Dr. G. Shainesh & Ramneesh Mohan Management Development Institute Gurgaon, India Introduction Relationship marketing is emerging as the core marketing
Beyond Trust Build lasting relationships and brand loyalty by delivering superior client experiences
Beyond Trust Build lasting relationships and brand loyalty by delivering superior client experiences Build lasting relationships and brand loyalty by delivering superior client experiences As the dust
Continuous Customer Dialogues
Continuous Customer Dialogues STRATEGIES FOR GROWTH AND LOYALTY IN MULTI-CHANNEL CUSTOMER-ORIENTED ORGANIZATIONS whitepaper TABLE OF CONTENTS: PAGE Overview...3 The Continuous Customer Dialogue Vision...4
Improving customer relationships
White paper Customer Engagement Improving customer relationships How top companies maximize lifetime value through effective customer engagement Page 2 Customer experiences help drive long-term profits.
CUSTOMER-CENTRIC ERP: INTEGRATED SYSTEMS FOR CUSTOMER SATISFACTION
CUSTOMER-CENTRIC ERP: INTEGRATED SYSTEMS FOR CUSTOMER SATISFACTION December, 2014 Nick Castellina, Research Director, Business Planning & Execution Omer Minkara, Research Director, Contact Center & Customer
Retail Industry Executive Survey
Retail Industry Executive Survey Executive Summary By working closely with hundreds of our retail customers over the past decade, TimeTrade has witnessed a dramatic transformation of the consumer-seller
What matter experiential value in casual-dining restaurants?
What matter experiential value in casual-dining restaurants? Nae-Hyun Jin Sang-Mook Lee and Lynn Huffman Texas Tech University Abstract The focus of this research is the chain restaurant industry, and
Customer Experience Management Influences Customer Loyalty: Case Study of Supercenters in Thailand
DOI: 10.7763/IPEDR. 2012. V50. 11 Experience Management Influences Loyalty: Case Study of Supercenters in Thailand Songsak Wijaithammarit 1 and Teera Taechamaneestit 1 1 Faculty of Business Administration,
The Key Successful Factors of Customer Service Experience
Abstract The Key Successful Factors of Customer Service Experience Yen-Hao Hsieh Tamkang University [email protected] Emergent Research Forum Papers Yi-Chun Chuang Tamkang University [email protected]
Winning in Retail in the next decade. Turn Showroomers and Digital Shoppers into Omnichannel advocates
Winning in Retail in the next decade Turn Showroomers and Digital Shoppers into Omnichannel advocates The Digital Shopper Profile Price-conscious, showrooming, real-time, all time Millennials and Other
Sales Mobility for Financial Services INSIGHTS. Softelligence
Sales Mobility for Financial Services INSIGHTS TABLE OF CONTENTS Summary Market Trends Mobility Insights Sales Mobility Why? Types of Enterprise Mobile Apps Drivers for Mobile Apps Development Mobility
Antecedents and Consequences of Consumer s Dissatisfaction of Agro-food Products and Their Complaining through Electronic Means
Antecedents and Consequences of Consumer s Dissatisfaction of Agro-food Products and Their Complaining through Electronic Means Costas Assimakopoulos 1 1 Department of Business Administration, Alexander
Overcoming basket abandonment through effective implementation of real-time communications services.
Overcoming basket abandonment through effective implementation of real-time communications services. The benefits of real-time customer engagement For the vast majority of online retailers, converting
Three Benefits You Gain by Managing the Customer Journey
Three Benefits You Gain by Managing the Customer Journey TABLE OF CONTENTS Three Benefits to Focusing on CX and Customer Journeys...1 Overcoming Roadblocks on The Path to Great Experiences...4 Keys to
White Paper. Cross-channel Marketing: Go Mobile. Go Social.
Cross-channel Marketing: Go Mobile. Go Social. Cross-channel Marketing: Go Mobile. Go Social. Introduction: Mobile and Social Media and Buying Cross-channel marketing is evolving from the vast number of
Exceptional Customer Experience AND Credit Risk Management: How to Achieve Both
Exceptional Customer Experience AND Credit Risk Management: How to Achieve Both Lynn Brunner Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions,
Service Quality, Customer Satisfaction, Perceived Value and Brand Loyalty: A Critical Review of the Literature
Doi:10.5901/ajis.2013.v2n9p223 Abstract Service Quality, Customer Satisfaction, Perceived Value and Brand Loyalty: A Critical Review of the Literature Phd. Student Elvira Tabaku Faculty of Economy Aleksander
Mapping The Path To Purchase How Consumers Navigate The Multi-Channel Landscape
A Commissioned Study Prepared For The Electronic Retailing Association by Forrester Consulting March, 2008 Mapping The Path To Purchase How Consumers Navigate The Multi-Channel Landscape Table Of Contents
Assessing the Economic Value of Making the Right Customer Satisfaction Decisions and the Impact of Dissatisfaction on Churn
Assessing the Economic Value of Making the Right Customer Satisfaction Decisions and the Impact of Dissatisfaction on Churn By Joel Barbier, Andy Noronha, and Amitabh Dixit, Cisco Internet Business Solutions
CUSTOMER ENGAGEMENT 2014. Rosetta Consulting s Customer Engagement Survey Part 1: The Marketer s Perspective
CUSTOMER ENGAGEMENT 2014 Rosetta Consulting s Customer Engagement Survey Part 1: The Marketer s Perspective WELCOME TO THE EMPOWERED AGE Welcome to the first in a series of three white papers on Customer
Personalized User Journeys. By Kevin Jackson Global Sales Director Gravity R&D 12/15/14
Personalized User Journeys By Kevin Jackson Global Sales Director Gravity R&D 12/15/14 Table of Contents Omnichannel and Retail 2.0... 3 Moments of Truth (MOTs)... 4 ibeacons, MOTs, and Big Data... 5 Personalized
Customer relationship management MB-104. By Mayank Kumar Pandey Assistant Professor at Noida Institute of Engineering and Technology
Customer relationship management MB-104 By Mayank Kumar Pandey Assistant Professor at Noida Institute of Engineering and Technology University Syllabus UNIT-1 Customer Relationship Management- Introduction
Five key trends are reshaping customer- experience management:
Top Five Contact Center Trends for 2013 By Irwin Lazar VP and Service Director, Nemertes Research Executive Summary Five key trends are reshaping customer- experience management: ± Increasing adoption
IJMT Volume 2, Issue 9 ISSN: 2249-1058
Business Profitability Through Customer Loyality and Satisfaction in India with Special Reference to Dehradun (Uttarakhand) Vikas Agarwal* Ajay Chaurasia** Prateek Negi** Abstract This research paper s
The Customer and Marketing Analytics Maturity Model
EBOOK The Customer and Marketing Analytics Maturity Model JOE DALTON, SMARTFOCUS $ INTRODUCTION Introduction Customers are engaging with businesses across an increasing number of touch points websites,
BRAND EXPERIENCE EFFECTS ON CONSUMER SOCIAL MEDIA MARKETING PERCEPTIONS AND BRAND VALUE
BRAND EXPERIENCE EFFECTS ON CONSUMER SOCIAL MEDIA MARKETING PERCEPTIONS AND BRAND VALUE ABSTRACT *Tugba Orten TUGRUL *Izmir University of Economics, Turkey Previous research demonstrates that customer
FINDING BIG PROFITS IN THE AGE OF BIG DATA
FINDING BIG PROFITS IN THE AGE OF BIG DATA UNLOCKING THE ENTERPRISE POTENTIAL OF BEHAVIORAL SEGMENTATION Alex Tavera Senior Loyalty Consulting Manager Behavioral Segmentation / 2 SEGMENTATION HAS EVOLVED
Global Insights on Succeeding in the Customer Experience Era. Copyright 2013, Oracle and/or its affiliates. All rights reserved.
Global Insights on Succeeding in the Customer Experience Era 1 Contents Introduction 3 Methodology 4 Executive Summary 6 Findings 7 Our Take 16 Industry & Regional Appendix 18 2 Introduction Today s consumers
THE ROCHESTER INSTITUTE OF TECHNOLOGY DEPARTMENT OF COMMUNICATION. Brand Loyalty: College Student Loyalty to Brands with Social Media Outlets
THE ROCHESTER INSTITUTE OF TECHNOLOGY DEPARTMENT OF COMMUNICATION Brand Loyalty: College Student Loyalty to Brands with Social Media Outlets By Lisa Lucibello A Paper submitted In partial fulfillment of
Journal of Internet Banking and Commerce
Journal of Internet Banking and Commerce An open access Internet journal (http://www.arraydev.com/commerce/jibc/) Journal of Internet Banking and Commerce, August 2011, vol. 16, no.2 (http://www.arraydev.com/commerce/jibc/)
Market Brief. Market Brief. Survey Findings: Mobile Apps for Customer Service. Executive Summary
Market Brief Market Brief Survey Findings: Mobile Apps for Customer Service Executive Summary The explosion of mobile apps has created a huge demand from smartphone users and given organizations a fresh
Customer Loyalty. A multi-channel approach. 25 April 2012
Customer Loyalty A multi-channel approach 25 April 2012 Introduction Douglas Blakey, Editor, Retail Banker International Ian Walsh, Retail Banking Partner, Boston Consulting Group Arunnima B S, Principal
The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into
The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material,
Modern Customer Care In a Multi-Channel World
An Oracle White Paper March 2015 Modern Customer Care In a Multi-Channel World By David Lanning, Senior CX Strategist and Jeff Griebeler, Principal Sales Consultant Executive Overview The Connected Customer
The Effect of Perceived Value on Customer Loyalty in a Low-Priced Cosmetic Brand of South Korea: The Moderating Effect of Gender
, pp.40-44 http://dx.doi.org/10.14257/astl.2015.114.08 The Effect of Perceived Value on Customer Loyalty in a Low-Priced Cosmetic Brand of South Korea: The Moderating Effect of Gender Ki-Han Chung 1, Ji-Eun
Developing a typology of customer experience management practice from preservers to vanguards
Developing a typology of customer experience management practice from preservers to vanguards Abstract: The phenomenon of customer experience (CE) is of increasing interest to both academics and business
5 Big Data Use Cases to Understand Your Customer Journey CUSTOMER ANALYTICS EBOOK
5 Big Data Use Cases to Understand Your Customer Journey CUSTOMER ANALYTICS EBOOK CUSTOMER JOURNEY Technology is radically transforming the customer journey. Today s customers are more empowered and connected
2014 State of B2B Procurement Study:
Accenture Interactive Point of View Series 2014 State of B2B Procurement Study: Uncovering the Shifting Landscape in B2B Commerce 2014 State of B2B Procurement Study: Uncovering the Shifting Landscape
ecommerce Industry Outlook 2015.
ecommerce Industry Outlook 2015. JANUARY 2015 Introduction. The global ecommerce industry saw impressive growth in 2014 with goods and services worth $1.5 trillion bought by shoppers via desktops, tablets
Agenda Overview for Digital Commerce, 2015
G00270685 Agenda Overview for Digital Commerce, 2015 Published: 18 December 2014 Analyst(s): Jennifer Polk Marketing is making a greater impact on, and taking more responsibility for, digital commerce.
Wearable Technology Survey
Wearable Technology Survey Wearable Tech Survey Section 1.0: What impact will wearable technology have on customer engagement? Brands understand the consumer is empowered with the ability to influence
The Definitive Guide to Social CRM
The Definitive Guide to Social CRM Maximizing Customer Relationships with Social Media to Gain Market Insights, Customers, and Profit Barton J. Goldenberg Chapter 1 Understanding the Intersection of CRM,
A CHASE PAYMENTECH WHITEPAPER. Building customer loyalty in a multi-channel world Creating an optimised approach for e-tailers
A CHASE PAYMENTECH WHITEPAPER Building customer loyalty in a multi-channel world Creating an optimised approach for e-tailers Table Of Contents Changing shopping habits... 3 The multi-channel journey...
Deliver a Better Digital Customer Experience Through Sonata s Digital Engagement Solutions
Deliver a Better Digital Customer Experience Through Sonata s Digital Engagement Solutions The World is Going Digital The incredible growth of the internet, the proliferation of mobile devices and the
UNLEASH POTENTIAL THROUGH EFFECTIVE SERVICE QUALITY DETERMINANTS
UNLEASH POTENTIAL THROUGH EFFECTIVE SERVICE QUALITY DETERMINANTS Viruli de Silva ABSTRACT This article is based on a recent research conducted in the Sri Lankan banking sector and it discusses how the
The Top B2B Marketing Trends to Prioritize
The Top B2B Marketing Trends to Prioritize B2B marketing is undergoing seismic transformations. With a focus on attracting and engaging a better target audience, tactics, tools, and strategies are evolving
One Size Doesn t Fit All: How a Segmentation Approach Can Help Guide CE Product Strategy
One Size Doesn t Fit All: How a Segmentation Approach Can Help Guide CE Product Strategy Presenters Joe Bates Director of Research Gina Woodall Vice President More than 2,100 members Top 20 Trade Association
Driving shopper engagement through digital technology
Driving shopper engagement through digital technology Third annual study of the impact of digital technology on the retail landscape. June 2015 The habits of many retail shoppers are changing. Some key
THE 7 STEPS TO A SUCCESSFUL CRM IMPLEMENTATION DEPLOYING CRM IN THE NEW ERA OF CONNECTED CUSTOMERS
THE NEW ERA OF ABOUT THE AUTHOR Paul Rogers is the Head of Customer Experience and CRM within HCL s Applications Division. Based in London, Paul is responsible for leading HCL s CRM consulting and technology
The Evolving Customer Experience Management Landscape:
The Evolving Customer Experience Management Landscape: Key Findings from a Global Survey of CXM Decision Makers and Influencers Executive Summary Dealing with today s connected consumer, businesses now
An RIS News Whitepaper
An RIS News Whitepaper The Omnichannel PRODUCED BY There is abundant evidence that the shopper preference for buying online and picking up in a store has become part of mainstream retailing. It is a logical
ANTECEDENTS OF CUSTOMER RELATIONSHIP MANAGEMENT CAPABILITIES
ANTECEDENTS OF CUSTOMER RELATIONSHIP MANAGEMENT CAPABILITIES Daniela Tuleu Marketing and International Business Relations Department, Faculty of Economics and Business Administration, West University,
The New Global Customer Experience Management Mandate
The New Global Customer Experience Management Mandate SECTION 1: INTRODUCTION AND OVERVIEW Introduction Customers, along with technology, have evolved in the information age. As individuals, they expect
Investigating the effective factors on Customer Relationship Management capability in central department of Refah Chain Stores
Investigating the effective factors on Customer Relationship Management capability in central department of Refah Chain Stores Salar Fathi, M.A. Student, Department of Management, Business Branch, Islamic
Everyone can change the web. Anytime. Anywhere.
Everyone can change the web. Anytime. Anywhere. Create a compelling, dimensional web experience and engage your customers. Experience is everything. 1 2 3 Experience Is Everything Why customers leave your
Retail Analytics: Game Changer for Customer Loyalty
Cognizant 20-20 Insights Retail Analytics: Game Changer for Customer Loyalty By leveraging analytics tools and models, retailers can boost customer loyalty by creating a personalized shopping experience
Marketing 3.0: From Products to Customers to the Human Spirit by Philip Kotler
Marketing 3.0: From Products to Customers to the Human Spirit by Philip Kotler Marketing 3.0 is a concept coined by renowned marketing guru Professor Philip Kotler in his book "Marketing 3.0: From Products
Marketing Director s Guide to Selecting CRM
The Marketing Director s Guide to Selecting CRM A Publication www.collierpickard.co.uk Ltd 2014 Forging the Future As Marketing Director the responsibility for deciding the future direction of your organisation
State of Mobile Commerce.
State of Mobile Commerce. Apps and cross-device lead mobile business Q2 2015 JUNE 2015 Executive summary Consumer mobile behavior continues to advance faster than retailers ability to keep up. Key takeaways
The Executive s CXM Strategy Guide
The Executive s CXM Strategy Guide Cut through the CXM noise Customer Experience Management (CXM) is a strategy and practice for delivering online and offline customer experiences to acquire and retain
10 Steps to a Multichannel Strategy and an Exceptional Customer Experience
10 Steps to a Multichannel Strategy and an Exceptional Customer Experience Jesús Hoyos CRM industry analyst and advisor Brad Herrington Principal Solutions Architect Interactive Intelligence, Inc. Contents
CRM. Best Practice Webinar. Next generation CRM for enhanced customer journeys: from leads to loyalty
CRM Best Practice Webinar Next generation CRM for enhanced customer journeys: from leads to loyalty Featured guest speaker Leslie Ament SVP Research and Principal Analyst at Hypatia Research Group and
Using a Multichannel Strategy to Deliver an Exceptional Customer Experience
Using a Multichannel Strategy to Deliver an Exceptional Customer Experience 10 things to consider when building a multichannel strategy to improve the customer experience Jesús Hoyos CRM industry analyst,
School of Advanced Studies Doctor Of Education In Educational Leadership With A Specialization In Educational Technology. EDD/ET 003 Requirements
School of Advanced Studies Doctor Of Education In Educational Leadership With A Specialization In Educational Technology The mission of the Doctor of Education in Educational Leadership degree program
Presented In Conjunction With: Feature Sponsor
Presented In Conjunction With: Feature Sponsor Presented In Conjunction With: The Sale Is The Omni-Channel Retailers have come to realize the channel customers use to make purchases does not matter, because
Analytics in an Omni Channel World. Arun Kumar, General Manager & Global Head of Retail Consulting Practice, Wipro Ltd.
Analytics in an Omni Channel World www.wipro.com Arun Kumar, General Manager & Global Head of Retail Consulting Practice, Wipro Ltd. Table of Contents 03...Extending the Single View of Consumer 04...Extending
BUY. Mobile Retargeting for Retailers: Recapturing Customers Cross-Platform. February 2014. 1.877.AMPUSH.1 [email protected]
BUY Mobile Retargeting for Retailers: Recapturing Customers Cross-Platform February 2014 1.877.AMPUSH.1 [email protected] TABLE OF CONTENTS Executive Summary 3 The Mobile Advertising Opportunity 4 E-Commerce
Business Plan Strategy. John Debrincat
Business Plan Strategy John Debrincat Agenda Business models Plan to succeed Mission Strategy Technology Engagement Stakeholders Business Models Web Influencing Off-line Sales 80% of all web-influenced
Customer Segmentation and Predictive Modeling It s not an either / or decision.
WHITEPAPER SEPTEMBER 2007 Mike McGuirk Vice President, Behavioral Sciences 35 CORPORATE DRIVE, SUITE 100, BURLINGTON, MA 01803 T 781 494 9989 F 781 494 9766 WWW.IKNOWTION.COM PAGE 2 A baseball player would
Copyright 2015 Criteo. State of Mobile Commerce Apps and cross-device lead mobile business Q2 2015
State of Mobile Commerce Apps and cross-device lead mobile business Q2 2015 Mobile Commerce Report Methodology Individual transaction data analyzed How can marketers use this data? Over 3,000 online retail
PERFORMANCE DIGITAL PLATFORMS
1 PERFORMANCE DIGITAL PLATFORMS www.tneniaga.com DISCOVERY & CONSULTANCY 2 Viable opportunities Cool facts 18m 88% Facebook users in Malaysia People use the internet as part of their daily routine 79%
Insurance customer retention and growth
IBM Software Group White Paper Insurance Insurance customer retention and growth Leveraging business analytics to retain existing customers and cross-sell and up-sell insurance policies 2 Insurance customer
Core Curriculum Readings in Marketing: Detailed Table of Contents
Core Curriculum Readings in Marketing: Detailed Table of Contents Framework for Marketing Strategy Formation Robert J. Dolan #8153 2.1 Overview of Marketing Strategy Formation 2.2 Analysis Underlying Marketing
Alexander Nikov. 7. ecommerce Marketing Concepts. Consumers Online: The Internet Audience and Consumer Behavior. Outline
INFO 3435 E-Commerce Teaching Objectives 7. ecommerce Marketing Concepts Alexander Nikov Identify the key features of the Internet audience. Discuss the basic concepts of consumer behavior and purchasing
