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(omni channel shopping value (concepts (omni-channel shopping experience…
omni channel shopping value
introduction
oppertunity
create innovative offerings designed to enhance consumer value, and in-turn maximize firm value
syncronizing bricks with clicks
simultaneously combine physical and digital touch points and manage their retailing mix in a consistent way so that the fundamentals of the brand are aligned on every touch point
research questions
how can omni-channel shopping value be modeled?
how can omni-channel shopping value be accurately measured?
concepts
shopping Value (SV)
dimensions
utilitarian value
task completion
hedonistic value
shopping offering pleasure and fun
social value
status and self-esteem enhancement
omni-channel shopping experience
distinctive features
complexity due to the multiple interactions
number of touch points used and developed is increasing
touch-points
types
transactional
relational
physical and/or digital
shopping journey
process of interacting with touch-points
prefer journeys that deliver highest value regarding their expectations and/or best adapted to the specific shopping experience at hand
its focus on brand
the emphasis of Omni retailing is on the interplay between channels and brands
consumer percieve that they live an experience with a brand rather than with a channel
influence on stategy
branding becomes more important, The brand is the crossroad of the touch points
lock-in consumers within brand eco-system
reinforce consumer loyalty
its level of consistency and seamlessness
objective is to blur the barriers between touch points allowing the consumer to have a friction-less experience within the brand ecosystem
def
the complete alignment of the different channels and touch points, resulting in an optimal brand customer experience
fully integrated, merging the information-rich digital enviroment with the physical one
multi-channel
siloed strategy that operates channels as independant entities
lowest level of integration
cross-channel
integrates multiple channels to allow customers to move and collaborate through channels and touch points
intermediate level of integration
touchpoint
any way a consumer can interact with a business
effect of show rooming behavior on sales person
introduction
showrooming is estimated of having a 217 billion negative impact on retail sales
effects of showrooming on employees
showrooming diminishes the professional sales role
weaken perceptions of the opportunity to achieve sales success and performance outcomes
diminished self efficacy
belief in one´s capability to organize and execute the cources of action required to produce given attainments
self-regulation
outline
explain multichannel retailing and showrooming behavior
loss of control caused by consumer use of technology and information search
manifest
research shopping
def
consumer engage in product information search in one channel and purchase in another
drivers
attribute-based decision-making
tendency to gravitate to most relevant channels for performing particular task
low channel lock in
low correlation between channels used for information search and purchase
cross channel synergy
higher satisfaction when they use multiple channels to purchase products
types
showrooming
has increased substaintially
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drivers
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effects
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webrooming
focus on effects on employees an important and often ignored stakeholder
showrooming
diminishes in-store retail sales
effects on employees
sales people perceive their livelihood threatened
experience greater job insecurity
self-efficacy
primary beliefs
that a task can be preformed
that it will lead to positive outcomes
role reduction
consumer uses mobile to gather information substituting the retail-salesperson value-adding activity
to checkout clerks and floor sweepers
moderating effects
coping strategies
self regulation
show rooming is an enviromental stressor that can deplete cognitive resources allowing for self regulation
is the resource demanding ability to alter behaviors tho achieve particular goals, it allow us to resist actions with short-term positive effects and instead pursue long-term strategic outcomes
types
avoiding emotion focused
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approach problem focused
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cross selling strategies
the attemted sale of usally complimentary items in addition to those initially inteded for purchase
moderating mechanism
reduces consumers ability to engage in direct sales comparisons
salesperson an use his expertise to create optimal bundles creating retaining CA for brick and mortar
allows sales person to add value
can be deploy as a systematic strategy to engage showroomers
factors that can be leverage to reduce negative effects of showrooming on employees
categorization of multiple channel retailing
intro