Abstract
Management must analyze all pertinent "actors and factors" to compete in changing markets. Customer value has emerged as a dominant theme for business success. This paradigm means anticipating and responding to the relevant values of constituencies so as to maximize economic value. This paper examines the concept of customer value, provides a conceptual basis for developing a values-based managerial framework, proposes a four-stage value funnel model, and offers marketers a new view of business dynamics.
| Original language | English |
|---|---|
| Title of host publication | Developments in Marketing Science: Proceedings of the Academy of Marketing Science |
| Subtitle of host publication | Proceedings of the Academy of Marketing Science |
| Publisher | Springer Nature |
| Pages | 132-133 |
| Number of pages | 2 |
| DOIs | |
| State | Published - Dec 13 2014 |
Publication series
| Name | Developments in Marketing Science: Proceedings of the Academy of Marketing Science |
|---|
Bibliographical note
Publisher Copyright:© 2015, The Academy of Marketing Science.
ASJC Scopus Subject Areas
- Marketing
- Strategy and Management
Keywords
- Business Dynamic
- Business Performance
- Dominant Theme
- Market Management
- Market Orientation