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The importance of understanding the symbolic world of customers in asymmetric business‐to‐business relationships

The importance of understanding the symbolic world of customers in asymmetric... Researchers within the business-to-business relationship literature have argued that the loyalty concept is only partially understood, and, consequently, call for an increased attention to identify the interaction needs of the customers as well as customers' perception of the relationship. Further investigates this empirically, through in-depth interviews, the mental models of tradesmen, a defined segment within the small business sector, and identifies the presence of a unique sub-cultural ethos among them. The ethos is based on unique values, morals, and way of life, and contrasts the purely utilitarian approach to understanding key criteria in emerging business-to-business relationships. Based on these findings suggests that current business-to-business relationship models are inadequate and need to include more of a consumer behavior, value-driven focus. Suggests that this segment is located between and betwixt the business-to-business and the consumer markets as both utilitarian-driven (brand trust) and symbolic/value-driven (brand affect) criteria are necessary for establishing long-term relationships. Suggests that investigating the role of brand affect may shed further light upon the presence or absence of loyalty within the business-to business markets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Business and Industrial Marketing Emerald Publishing

The importance of understanding the symbolic world of customers in asymmetric business‐to‐business relationships

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References (62)

Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
0885-8624
DOI
10.1108/08858620310492455
Publisher site
See Article on Publisher Site

Abstract

Researchers within the business-to-business relationship literature have argued that the loyalty concept is only partially understood, and, consequently, call for an increased attention to identify the interaction needs of the customers as well as customers' perception of the relationship. Further investigates this empirically, through in-depth interviews, the mental models of tradesmen, a defined segment within the small business sector, and identifies the presence of a unique sub-cultural ethos among them. The ethos is based on unique values, morals, and way of life, and contrasts the purely utilitarian approach to understanding key criteria in emerging business-to-business relationships. Based on these findings suggests that current business-to-business relationship models are inadequate and need to include more of a consumer behavior, value-driven focus. Suggests that this segment is located between and betwixt the business-to-business and the consumer markets as both utilitarian-driven (brand trust) and symbolic/value-driven (brand affect) criteria are necessary for establishing long-term relationships. Suggests that investigating the role of brand affect may shed further light upon the presence or absence of loyalty within the business-to business markets.

Journal

Journal of Business and Industrial Marketing – Emerald Publishing

Published: Dec 1, 2003

Keywords: Symbolism; Brands; Buyers; Customer loyalty; Market segmentation

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