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This document provides a summary of a journal article about the relationship between direct marketing and relationship marketing. The article argues that direct marketing and relationship marketing empower each other by focusing on exchanging benefits between a business and customer to increase satisfaction and business performance. It emphasizes creating personalized products and services delivered through strategic customer relationships as a valuable marketing strategy. The document summarizes key points and quotes from the article and provides references for further reading on related topics.
This document provides a summary of a journal article about the relationship between direct marketing and relationship marketing. The article argues that direct marketing and relationship marketing empower each other by focusing on exchanging benefits between a business and customer to increase satisfaction and business performance. It emphasizes creating personalized products and services delivered through strategic customer relationships as a valuable marketing strategy. The document summarizes key points and quotes from the article and provides references for further reading on related topics.
This document provides a summary of a journal article about the relationship between direct marketing and relationship marketing. The article argues that direct marketing and relationship marketing empower each other by focusing on exchanging benefits between a business and customer to increase satisfaction and business performance. It emphasizes creating personalized products and services delivered through strategic customer relationships as a valuable marketing strategy. The document summarizes key points and quotes from the article and provides references for further reading on related topics.
Harridge-March, S. (2008). Direct marketing and relationships: An opinion piece. Direct Marketing: An International Journal, [e-journal] 2(4): 192-198. Available through Emerald (database) http://www.emeraldinsight.com/doi/pdfplus/10.1108/17505930810931008 [Accessed 6 December 2016] II. Content: A. Main ideas: The aim of this paper is to evidentiate the powerful link between direct marketing and relationship marketing and how they could further empower each other. Relationship marketing is in essence an exchange of benefits between the business and the client which enhances the business’ performance and increases the client’s satisfaction. Direct marketing focuses more on the client’s behavior and how one can manipulate this behavior in order to maximize the return of investment. Along with these two primary concepts, creating personalized products or services and delivering them through a strategic customer relationship is the key of a valuable and sustainable marketing strategy. B. Quotes: 1.” Direct marketing, like relationship marketing, involves both acquiring new customers and keeping those already gained.”(Harridge-March, 2008)
2. “Contemporary customer relationship management software can help
marketing organisations analyse their success with campaigns.”(Harridge-March, 2008)
3. “Inviting customers to recount their dissatisfaction and invite them to talk
about what is prompting their imminent departure can be built into interactive tools and direct marketing messages”, as Harridge-March (2008) stated. III. Recommended references: 1. Alreck, P.L. and Settle, R.B. (2007). Consumer reactions to online behavioural tracking and targeting. Journal of Database Marketing & Customer Strategy Management, [e-journal] 15(1): 11-23. Available through SpringerLink (database) http://link.springer.com/article/10.1057/palgrave.dbm.3250069 2. Cannon, J.P. and Perrault, W.D. (1999). Buyer-seller relationships in business markets. Journal of Marketing Research, [e-journal] 36(4): 439-60. Available through Ebsco Host Connection (database) http://connection.ebscohost.com/c/articles/2594441/buyer-seller-relationships-business- markets 3. Cox, J. (2001). Can differential prices be fair?. Journal of Product and Brand Management, [e-journal] 10(5): 264-75. Available through Emerald (database) http://www.emeraldinsight.com/doi/pdfplus/10.1108/10610420110401829 4. Davis, R., Buchanan-Oliver, M. and Brodie R. (1999). Relationship marketing in electronic commerce environments. Journal of Information Technology, [e-journal] 14(4): 319-31. Available through SpringerLink (database) http://link.springer.com/article/10.1080/026839699344449 5. Gee, R., Coates, G. and Nicholson, M. (2008). Understanding and profitably managing customer loyalty. Marketing Intelligence & Planning, [e-journal] 26(4): 359-74. Available through Emerald (database) http://www.emeraldinsight.com/doi/pdfplus/10.1108/02634500810879278