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"Eventually, you will bond for life"

A study of the relationship between Event Marketing and Customer Bonding

"Eventually, you will bond for life"
Über dieses Buch
  • Art: Diplomarbeit
  • Autor: Katrin Irene Roebbeling
  • Abgabedatum: Juni 2003
  • Umfang: 98 Seiten
  • Dateigröße: 1,6 MB
  • Note: 2,5
  • Institution / Hochschule: Universiteit Maastricht Niederlande
  • ISBN (eBook): 978-3-8324-7249-8
  • ISBN (Paperback) :
    978-3-8324-7249-8 P
  • ISBN (CD) :978-3-8324-7249-8 CD
  • Sprache: Englisch
  • Prämierung:
  • Arbeit zitieren: Roebbeling, Katrin Irene Juni 2003: "Eventually, you will bond for life", Hamburg: Diplomica Verlag
  • Schlagworte: Event, Messe, Kundenbeziehung, CRM

Diplomarbeit von Katrin Irene Roebbeling

Abstract:

Changing market conditions have made it tougher on companies to stay competitive. Long-term customer bonding can provide a competitive advantage. Today's customers' wishes have put forth the need for experience marketing though. This trend has to be taken into account when planning on bonding with customers.

One way to create a platform for experience is event marketing. This final thesis focuses specifically on the use of events with regard to customer relationship bonding. In this study, an answer will be provided to the following problem statement. Event marketing supports bonding by providing an opportunity for direct and personal contact between a company and its customers. Furthermore, customers are offered the possibility to experience a company and its products in a pleasurable surrounding. Events can either be business- or leisure-oriented, depending on the overall character of the event. Events provide a variety of advantages to both the company and its customer, ranging from cross-selling and exchange of information to risk and cost reductions. Event marketing integrates in the modern concept of customer relationship marketing by opening a constructive dialogue between the customer and the company.

Customer relationships are built on trust which can be established by creating a special bond between a company and its customers. These bonds can exist on various levels and not all customers are suited for long-term bonding. To insure that events support and do not hinder these relationships its success should be controlled in different ways. These controls should be applied before, during and after the event to avoid pitfalls, remove obstacles, and reach the set aims.

Events are a powerful communication instrument due to their experience-oriented character but have to be used accompanied by other marketing instruments such as classical marketing, PR, sponsoring, etc. Events can also be used to achieve strategic aims such as enhancing the image of the company and its products, product presentation and others. In order to go along with a company's corporate concept, events have to be integrated in the overall marketing strategy though.

This study shows that the application of events as a mean to create customer relationships can be effective when the following aspects are considered thoroughly: The selection of the right customer to bond with, the integration of events in the communication mix, the integration of events in the overall marketing strategy, the integration of events in the concept of CRM and the careful control of the success of events.

Table of Contents:

MANAGEMENT SUMMARY 1
1. INTRODUCTION 3
1.1 FIELD OF INTEREST 3
1.2 SUBQUESTIONS 4
1.2.1 WHAT IS CUSTOMER RELATIONSHIP MARKETING? 4
1.2.2 WHAT IS EVENT MARKETING? 5
1.2.3 HOW CAN SUCCESS OF EVENTS BE CONTROLLED? 5
1.2.4 HOW CAN EVENTS BE INTEGRATED IN A COMPANY'S CRM STRATEGY? 5
1.3 CONTRIBUTION 5
1.3.1 THEORETICAL CONTRIBUTION 6
1.3.2 PRACTICAL CONTRIBUTION 6
1.4 STRUCTURE OF THE RESEARCH 7
2. CUSTOMER RELATIONSHIP MARKETING 10
2.1 CRMBY DEFINITION 11
2.2 THE IMPORTANCE OF CRM 12
2.2.1 THE MARKET 12
2.2.2 TRUST 14
2.3 ADVANTAGES OF CRM 15
2.3.1 ADVANTAGES FOR THE COMPANY 15
2.3.2 ADVANTAGES FOR THE CUSTOMER 17
2.4 CRM AS A NEW METHOD 19
2.5 HOW TO FIND THE 'RIGHT' CUSTOMER FOR CRM 21
2.6 STAGES OF CUSTOMER BONDING 22
2.6.1 AWARENESS 23
2.6.2 IDENTITY BONDING 23
2.6.3 RELATIONSHIP BONDING 23
2.6.4 COMMUNITY BONDING 24
2.6.5 ADVOCACY BONDING 25
2.7 CONCLUSION 27
3. EVENT MARKETING 29
3.1 EVENT MARKETING BY DEFINITION 29
3.2 THE IMPORTANCE OF EVENT MARKETING 31
3.3 WHAT TYPES OF EVENTS DO EXIST? 31
3.3.1 BUSINESS-ORIENTED EVENTS 32
3.3.2 LEISURE-ORIENTED EVENTS 32
3.4 WHAT ARE THE ADVANTAGES OF EACH OF THEM? 33
3.4.1 BUSINESS-ORIENTED EVENTS SEEN BY COMPANIES 33
3.4.2 BUSINESS-ORIENTED EVENTS SEEN BY CUSTOMERS 35
3.4.3 LEISURE-ORIENTED EVENTS SEEN BY COMPANIES 35
3.4.4 LEISURE-ORIENTED EVENTS SEEN BY CUSTOMERS 36
3.5 CONCLUSION 36
4. EVENTS AND SUCCESS CONTROLS 38
4.1 INTRODUCTION 38
4.2 PREMISE CONTROL 39
4.2.1 PREMISE CONTROL AS A FRAMEWORK 39
4.2.2 SELECTION OF EVENT 39
4.2.3 MARKETING COMPETENCE 41
4.2.4 COMMUNICATION MEANS 41
4.2.5 EVENT PLANNING 41
4.2.6 THE INVITATION LIST 43
4.2.7 PLANNING OF POST PROCESSING 44
4.2.8 SETTING AIMS 44
4.3 PROCESS CONTROL 45
4.4 RESULT CONTROL 46
4.5 CONCLUSION 47
5. EVENT MARKETING AND CRM 49
5.1 EVENTS AS A PART OF THE COMMUNICATION MIX 49
5.2 EVENTS AS A PART OF THE MARKETING STRATEGY 51
5.3 CONCLUSION 53
6. CONCLUSIONS AND MANAGEMENT IMPLICATIONS 55
6.1 PROBLEM STATEMENT 55
6.2 WHAT IS CUSTOMER RELATIONSHIP MARKETING? 55
6.3 WHAT IS EVENT MARKETING? 56
6.4 HOW CAN SUCCESS OF EVENTS BE CONTROLLED? 56
6.5 HOW CAN EVENTS BE INTEGRATED IN A COMPANY'S CRM STRATEGY? 56
6.6 MANAGEMENT IMPLICATIONS 57
6.7 LIMITATIONS 58
6.8 RECOMMENDATIONS FOR FUTURE RESEARCH 59
6.9 REFLECTION 59
7. REFERENCE LIST 60
8. APPENDICES 65
APPENDIX 1 65
APPENDIX 2 65
APPENDIX 4 67
APPENDIX 5 67
APPENDIX 6 68
APPENDIX 7 74
APPENDIX 8 80
9. INTERVIEW RESULTS 82
9.1 INTERVIEW MR. LINSSEN 82
9.2 CURRICULUM VITAE OF MR. LINSSEN 86
9.3 INTERVIEW MR. H. 87
9.4 INTERVIEW MR. EHRHARDT 90

Automatisiert erstellter Textauszug:

In this final section of my thesis, a short reflection will be given on the previously presented chapters. The problem statement accompanied by the formulated subquestions were answered with the help of a literature search. The findings were undermined by interview results. Conclusively, the main goals of this study seem to be obtained. Furthermore, personal experiences made were integrated in the chapters and additionally fortify the presented findings. Therefore, according to my opinion, this study contributes to giving a deeper insight in the complex use event marketing as a means to strengthen customer relationships and gives room to further discussion of the topic presented. [...]

The goal of this study is to reflect upon event marketing and the advantages and disadvantages of its use with regard to building customer relationships. As this study uses mainly literature as a basis, statistically relevant findings can only be found in the AUMA report. The number of interviews used in this study is rather low and can therefore provide only a short insight. Furthermore, one has to keep in mind, that no distinction has been made between products and services. Fairs might be more effective for some products than for others. Also, the type of event to be used has not been statistically tested for products and services. Consequently, the findings presented in this study may not give a reliable view to be applied for all products and services. Additionally, this study neglects the fact that the use of various types of events can also depend on the industry a company belongs to. The use of a certain type of event might not be part of business practices within a specific industry. No attention has been paid to varieties in findings across industries. Moreover, this study neglects the cultural background of companies and the question whether the use of events fits into the overall corporate strategy of a company. The application of event marketing has to comply with already set strategies to build a company’s image and reputation. [...]

marketing, PR, sponsoring, etc. Events can also be used to achieve strategic aims such as enhancing the image of the company and its products, product presentation and others. One has to keep in mind though that events should always pursue the general marketing strategy of a company. Conclusively, it can be said that the effectiveness of events on developing long-term customer relationships depends on the consideration of the following aspects: • • • • • The selection of the right customer to bond with The integration of events in the communication mix The integration of events in the overall marketing strategy The integration of events in the concept of CRM The careful control of the success of events [...]

Arbeit zitieren:
Roebbeling, Katrin Irene Juni 2003: "Eventually, you will bond for life", Hamburg: Diplomica Verlag

Schlagworte:
Event, Messe, Kundenbeziehung, CRM

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