"Eventually, you will bond for life"
A study of the relationship between Event Marketing and Customer Bonding
- 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
In den Warenkorb
74,00 €
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 |
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 [...]
In den Warenkorb
74,00 €
Link zur Arbeit:
http://www.diplom.de/ean/9783832472498
Arbeit zitieren:
Roebbeling, Katrin Irene Juni 2003: "Eventually, you will bond for life", Hamburg: Diplomica Verlag
Schlagworte:
Event, Messe, Kundenbeziehung, CRM



