A new marketing segmentation approach based on marginal individual utilities: applying CRM is not a chimera anymore

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Title: A new marketing segmentation approach based on marginal individual utilities: applying CRM is not a chimera anymore
Authors: Nicolau, Juan Luis | Mas-Ruiz, Francisco
Research Group/s: Marketing
Center, Department or Service: Universidad de Alicante. Departamento de Marketing
Keywords: Customer relationship management | Marginal individual utility | Mixed logit model | Gestión relacional del cliente | Utilidad marginal individual | Modelo logit mixto
Knowledge Area: Comercialización e Investigación de Mercados
Issue Date: Nov-2006
Publisher: Instituto Valenciano de Investigaciones Económicas
Citation: NICOLAU, Juan Luis; MAS, Francisco J. “A new marketing segmentation approach based on marginal individual utilities: applying CRM is not a chimera anymore”. Working Papers (Instituto Valenciano de Investigaciones Económicas). WP-EC 2006-16
Abstract: In the advent of Customer Relationship Management, a more accurate profile of the consumer is needed. The objective of this paper is to show the usefulness of knowing consumer’s complete utility function through his/her marginal utilities. This approach allows one to form groups of individuals with similar preferences (as traditional segmentation methods do) and to treat them individually (which represents an advance). The empirical application is carried out, on a sample of 2,127 individuals, in the context of tourism, where the customer relationship management philosophy is gaining more and more relevance. | Con la llegada de la Gestión Relacional del Cliente, las organizaciones requieren un perfil del consumidor más preciso. En este contexto, el objetivo del presente trabajo consiste en proponer una segmentación apoyada en las utilidades marginales de las funciones de utilidad completas de cada individuo. Este enfoque permite formar grupos de individuos con preferencias similares (como los procedimientos habituales de segmentación) y también tratarlos de forma individual (lo que representa una novedad). La aplicación empírica se desarrolla en una muestra de 2.127 individuos en el contexto turístico, donde la filosofía de la gestión relacional del cliente está cobrando cada vez mayor importancia.
Sponsor: This study has benefited from a “Turismo de España” grant from the Secretary of State for Commerce and Tourism of the Ministry of Economy for the realisation of the Doctoral thesis of the first author.
URI: http://hdl.handle.net/10045/23325
Language: eng
Type: info:eu-repo/semantics/workingPaper
Peer Review: si
Publisher version: http://www.ivie.es/pub/wp/wp.php
Appears in Collections:INV - MKT - Working Papers

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