Residential College | false |
Status | 已發表Published |
A method of customer valuation score and implementation for marketing strategy | |
Li Huang1; Matthew Tingchi Liu1; Xi Song2; Jerome Yen1 | |
2022-02 | |
Source Publication | Asia Pacific Journal of Marketing and Logistics |
ABS Journal Level | 1 |
ISSN | 1355-5855 |
Volume | 35Issue:2Pages:344-363 |
Abstract | Purpose: This study aims to introduce a compelling customer value score method (CVSM), which is applicable for different product categories, and elaborates customer values in three components (direct economic value, depth of direct economic value and breadth of the indirect economic value) throughout three stages of customer journey. Design/methodology/approach: This study collected data from the Internet-shopping platforms, namely Taobao and T-Mall from 2019 to 2020 with particular focus on three product categories: lipstick (fast-moving consumer goods), mobile phones (durable goods) and alcohol (a hybrid of the other two product types) from 37 selected firms. The CVSM employs an entropy-based multiple criteria analysis, of which the weight of each indictor is not fixed artificially, but computed by the entropy-based method that calculates informative differences among the indicators (profit, revenue, positive reviews, search index and likes and favorites). Findings: The result shows that product categories and market status have a moderation effect on three components in customer values. The findings suggested marketing strategies for different consumer goods, where the fast-moving consumer goods like lipstick should focus on the pre-purchase stage while the durable goods should emphasize post-purchase stage when the market is rapidly changing. Originality/value: The study brings new insights to Kumar’s customer value theory by integrating product categories and the market status, revealing that three components of customer values differ in their contributions to the whole customer values. This paper further contributed managerial suggestions for marketers with regards to three stages of customer journey. |
Keyword | Customer Valuation Theory Customer Journey Entropy-based Customer Value Score Method |
DOI | 10.1108/APJML-05-2021-0299 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Business |
WOS ID | WOS:000760948500001 |
Publisher | EMERALD GROUP PUBLISHING LTD, HOWARD HOUSE, WAGON LANE, BINGLEY BD16 1WA, W YORKSHIRE, ENGLAND |
Scopus ID | 2-s2.0-85125138565 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration Faculty of Science and Technology |
Corresponding Author | Matthew Tingchi Liu |
Affiliation | 1.University of Macau, Macao SAR, China 2.University of Macau, Macau SAR, China and Shenzhen University, Shenzhen, China |
First Author Affilication | University of Macau |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Li Huang,Matthew Tingchi Liu,Xi Song,et al. A method of customer valuation score and implementation for marketing strategy[J]. Asia Pacific Journal of Marketing and Logistics, 2022, 35(2), 344-363. |
APA | Li Huang., Matthew Tingchi Liu., Xi Song., & Jerome Yen (2022). A method of customer valuation score and implementation for marketing strategy. Asia Pacific Journal of Marketing and Logistics, 35(2), 344-363. |
MLA | Li Huang,et al."A method of customer valuation score and implementation for marketing strategy".Asia Pacific Journal of Marketing and Logistics 35.2(2022):344-363. |
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