Twitter conversations have the credibility of friends’ recommendations and the impact of online reviews

While we tend to discuss word of mouth in terms of traditional (i.e., face to face) vs. electronic, this paper by Thorsten Hennig-Thurau, Caroline Wiertz and Fabian Feldhaus indicates that this separation is two simplistic. The paper looks at the impact of Twitter conversations on the performance of new movies. It finds that customers … Continue reading Twitter conversations have the credibility of friends’ recommendations and the impact of online reviews

Handling social media crises

When problems happen and customers take to social media to vent their frustration, it may lead to a social media crisis like the one faced by United or Comcast. So, it is important to detect problems quickly, and act effectively. I recently published a paper, co-authored with Finola Kerrigan, Dirk vom Lehn, Cagri Yalkin, Marc Braun … Continue reading Handling social media crises

October 2015 round up

October was busy. Very busy. This included a lot of firefighting, which I tend to find very draining. My #5pm pictures show that I spent a lot of time at my desk. But, unfortunately, only a minority of that time was spent on writing or, for that matter, on anything remotely related to research. Instead, my month … Continue reading October 2015 round up

Spotted elsewhere: interview with co-founder of Instagram

What? A short interview with Kevin Systrom, co-founder of Instagram, by BBC's Steph McGovern. Where? Spotted on the BBC website. So what? It is a short interview, but Steph McGovern and Kevin Systrom cover quite a bit of ground such as longevity on social media, Instagram's rivals, kids spending too much time on … Continue reading Spotted elsewhere: interview with co-founder of Instagram

Coca-Cola: When it comes to customer feedback, negative is more valuable than positive

As I am putting together some notes on the role of Twitter to study sentiment, I come across an interview with Coca-Cola's head of creative content for Asia-Pacific, Pratik Thakar, here. At one point, Thakar says the following about social media as a source of consumer insight: I believe that social media is a big … Continue reading Coca-Cola: When it comes to customer feedback, negative is more valuable than positive

Unpacking perceived risk in the purchase of services

I am preparing some notes for a Services Marketing module, and thought that I would share this extract with you. Services are mostly composed of intangible elements, which makes it very difficult for a customer to assess the quality of the service before purchasing it (and, sometimes, even afterwards as in the case of credence … Continue reading Unpacking perceived risk in the purchase of services

Using social media for customer engagement

@Bernardamus reached out to me on Twitter, asking for suggestions of online references for a talk that he is preparing on the role of social media in customer engagement. I thought I would share my initial thoughts with you, and pick your brain, as well 🙂 Customer engagement (CE) is about connections with customers, as well … Continue reading Using social media for customer engagement

Offering high levels of customisation may actually be a bad idea

The marketing literature emphasises the role of the customer in co-creating value with the firm, as opposed to being a passive recipient of value at the end of a transaction. This can be achieved a posteriori, when the customer adds something to the product to make it more valuable for him or herself (for instance, when … Continue reading Offering high levels of customisation may actually be a bad idea