Customer Value: A New Paradigm for Marketing Management

Research output: Chapter in Book/Report/Conference proceedingChapter

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 languageEnglish
Title of host publicationDevelopments in Marketing Science: Proceedings of the Academy of Marketing Science
Subtitle of host publicationProceedings of the Academy of Marketing Science
PublisherSpringer Nature
Pages132-133
Number of pages2
DOIs
StatePublished - Dec 13 2014

Publication series

NameDevelopments 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

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