Marketing Strategy
When Customers Help Set Prices
For most companies, pricing has long been a sensitive, private affair. But what happens when you outsource some pricing choices to customers?
For most companies, pricing has long been a sensitive, private affair. But what happens when you outsource some pricing choices to customers?
It’s easy to say customer satisfaction is very important – but harder to put that into practice.
Encouraging customers to provide feedback directly to a company engages them in valuable ways.
Companies are gaining insights from ethnography, the in-person study of how consumers use a product.
Developmental psychology provides valuable insight into why people use social media differently.
Product selection is one of six significant drivers of customer satisfaction for e-retailers.
Unless companies communicate their CSR achievements wisely, they risk being accused of greenwashing.
The data investigation is all about how companies spot trends and how they figure out what’s going on in those trends.
Warehouse stores like Sam’s Club and Costco charge customers a fee to shop there. Should more companies borrow the idea?
Another method to pursue growth: Use thought experiments to assess new business model possibilities.
A study found that certain marketing techniques can influence a company’s stock market valuation.
Companies need to understand and manage the rising threat of online public complaining.
What’s smarter: To charge separately for extras — or to combine all charges into one total price?
Organizations need to value the “soft side” of customer management: emotions, trust and control.
Research suggests that people will spend more freely if you first help them feel more virtuous.