Relationship marketing re-imagined : marketing's inevitable shift from exchanges to value cocreating relationships /

Marketing is arguably amidst a paradigm shift. Marketing orientation is shifting away from creating exchanges (sales) to creating value (satisfaction) and relationships (cocreating value). Ultimately, the main objective of all marketing activities is value creation. In vast majority of cases, value...

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Bibliographic Details
Main Authors: Malhotra, Naresh K. (Author), Uslay, Can, 1973- (Author), Bayraktar, Ahmet (Author)
Format: Electronic eBook
Language:English
Published: New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2016.
Edition:First edition.
Series:Marketing strategy collection.
Subjects:
Online Access:An electronic book accessible through the World Wide Web; click to view
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100 1 |a Malhotra, Naresh K.,  |e author. 
245 1 0 |a Relationship marketing re-imagined :  |b marketing's inevitable shift from exchanges to value cocreating relationships /  |c Naresh K. Malhotra, Can Uslay, and Ahmet Bayraktar. 
250 |a First edition. 
264 1 |a New York, New York (222 East 46th Street, New York, NY 10017) :  |b Business Expert Press,  |c 2016. 
300 |a 1 online resource (xii, 162 pages) 
336 |a text  |2 rdacontent 
337 |a computer  |2 rdamedia 
338 |a online resource  |2 rdacarrier 
490 1 |a Marketing strategy collection,  |x 2150-9662 
504 |a Includes bibliographical references (pages 135-157) and index. 
505 0 |a 1. Introduction -- 2. What is relationship marketing? -- 3. B2B relationship marketing -- 4. B2C relationship marketing -- 5. Internal relationship marketing -- 6. Building brand equity through relationship marketing -- 7. Customer relationship management analytics -- 8. Future of relationship marketing -- Notes -- References -- Index. 
506 1 |a Access restricted to authorized users and institutions. 
520 3 |a Marketing is arguably amidst a paradigm shift. Marketing orientation is shifting away from creating exchanges (sales) to creating value (satisfaction) and relationships (cocreating value). Ultimately, the main objective of all marketing activities is value creation. In vast majority of cases, value is cocreated by several agents, especially the marketers and customers. From a value cocreation perspective, a single transaction can blossom to a process in which the customer and the marketer collaborate (rather than negotiate) for best total value through products, features, delivery terms, maintenance, and financing options for both business-to-business (B2B) as well as business-to-consumer (B2C) markets. Marketers increasingly need to develop and maintain long-term, win-win relationships with customers, distributors, dealers, suppliers, competitors, and other external influencers such as governments, media, nonprofit organizations, and pressure groups. In this book, we advocate an approach for managing customer relationships based on the use of the customer lifetime value (CLV) metric. Our premise is that measuring and maximizing CLV benefits not only marketers but also customers in measurable and concrete ways. However, in order to fully unlock the potential of the CLV metrics, it is instructive to be exposed to the history and conceptualization of relationship marketing, its three main types (B2B, B2C, and internal), and the nature of loyalty and rewards programs. We conclude with a discussion on the future of relationship marketing and the frontiers of value cocreation. Cases that illustrate the essence of each chapter along with key points to ponder and take-aways are presented therein. 
530 |a Also available in print. 
538 |a Mode of access: World Wide Web. 
538 |a System requirements: Adobe Acrobat reader. 
588 |a Title from PDF title page (viewed on May 12, 2016). 
650 0 |a Relationship marketing. 
653 |a B2B relationships 
653 |a B2C relationships 
653 |a customer lifetime value 
653 |a customer loyalty 
653 |a customer relationship management 
653 |a customer satisfaction 
653 |a electronic relationship marketing 
653 |a internal marketing 
653 |a loyalty and rewards programs 
653 |a mindful relationship marketing 
653 |a relationship marketing 
653 |a value cocreation 
700 1 |a Uslay, Can,  |d 1973-,  |e author. 
700 1 |a Bayraktar, Ahmet.,  |e author. 
776 0 8 |i Print version:  |z 9781631574337 
830 0 |a Marketing strategy collection.  |x 2150-9662 
856 4 0 |u http://site.ebrary.com/lib/daystar/Doc?id=11205077  |z An electronic book accessible through the World Wide Web; click to view 
999 |c 198444  |d 198444