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Marketing in the Service Economy Autumn 2016 Communication GUL!! [email protected] The schedule Course project: lectures and study visits H A N D I N Cases: lectures and presentations Week 35 Introduction, getting started… Week 36 Week 37 Week 38 Case 1: Prosumption in the digital context Case 2: Trust and relations in the financial sector Case 3: Servicescape and storytelling 28/9 Course project • Subject for tomorrows’ lecture • Theoretical content: place branding • Topic: AVENYN • Take a stroll down the street and get to know the subject of your project!! Examination • 55% of grades from individual course project (A-F) • 45% of grades from 4 case hand-ins (in groups of 3-4 students) – Case 1: 9 points – Case 2-4: 12 points – Smaller part from presentations The services industry - Increasingly important!! - But is size and relative importance for GDP what matters for us as marketers? Vargo & Lusch: ”Perhaps one of the most frequently stated misconceptions about ServiceDominated logic is that it is justified by the fact that many national economis have now become ”service economies”. […] Service-Dominated logic says that the application of competences for the benefit of another party – that is, service – is the foundation of all economic exchange. Thus, even when goods are involved, what is driving economic activity is service, applied knowledge.” Vargo & Lusch: ”The central notions of Service-Dominated logic are that fundamental to human well-being, if not survival, is specialization by individuals in a subset of knowledge and skills and exchanging the application of these resources for the application of knowledge and skills they do not specialize.” The service industry Intangibility Inseparability – simultaneous production and consumption Heterogeneity Perishability Case 1 – the Master in marketing An extraordinary experience can be many things… Knowing what an extraordinary experiences is – how can this knowledge be incorporated in the marketing of a Master programme? Case 1 – the Master in marketing Case 1 1. How can an extraordinary experience be defined? 2. How would you market a master-course in marketing using the same experential approach? Provide an answer without words. Be creative! The first answer is to be handed in on Friday 2/9 (e-mail to Jeanette, approx. 2 pages) and the second is to be visualized in class on the same day. Remember: no words and have fun! Case 1 – the Master in marketing Two good articles to start with when approaching experiences marketing are: Mossberg, Lena, 2007, “A marketing approach to the tourist experience”, Scandinavian Journal of Hospitality and Tourism, Vol. 7, No. 1, pp. 59-74 Arnould, E.J. and Price, L.L., 1993, “River magic: Extraordinary experience and the extended service encounter”, Journal of Consumer Research, Vol. 20, No. 1, pp. 24-45