Preview

Scientific Research of Faculty of Economics. Electronic Journal

Advanced search

New Forms of Interaction between Suppliers and Consumers in the Digital Market Environment

https://doi.org/10.38050/2078-3809-2023-15-1-55-70

Abstract

The purpose of this article is to offer a systematic view of omnichannel as a new environment for interaction of market actors. To solve this problem, the author examines the features of the customer-oriented marketing concept and identifies the contradictions between the increasingly complex consumer behavior and the traditional company's strategies and technologies of the interaction with its customers. The author analyzes omnichannel as a solution that not only optimizes this interaction, but also creates a new technological basis and the environment of this interaction. The article examines the expected benefits, challenges and limitations that companies face when developing omnichannel strategies. Based on the theoretical analysis and own empirical research, the author determines the features of the introduction of omnichannel strategies into the practice of Russian business, and also specifies the directions of future research.

About the Author

D. N. Kurkova
Lomonosov Moscow State University
Russian Federation

Dina N. Kurkova, PhD, Associate Professor of Marketing Department, Faculty of Economics 

Moscow



References

1. Arenkov I.A., Krylova Yu.V., Tsenzharik M.K. Klientoorientirovannyy podkhod k upravleniyu protsessami v tsifrovoy ekonomike. Nauchno-tekhnicheskie vedomosti Sankt-Peterburgskogo gosudarstvennogo politikhnicheskogo universiteta. Ekonomicheskie nauki. 2017. Vol. 10. No. 6. P. 18–30. (In Russ.).

2. Dolmatova Yu.I. Tekhnologiya omnikanal'nosti v upravlenii affektivnoy loyal'nost'yu brendu. Sovremennaya mediasreda: traditsii, aktual'nye praktiki i tendentsii. Vzglyad molodykh issledovateley. 2019. P. 43–48. (In Russ.).

3. Banerjee M. Misalignment and its influence on integration quality in multichannel services. Journal of Service Research. 2014. Vol. 17 (4). P. 460–474. DOI: 10.1177/1094670514539395.

4. Bell D.R., Gallino S., Moreno A. How to win in an omnichannel world. Sloan Management Review. 2014. Vol. 56. P. 45–53.

5. Bradlow E.T., Gangwar M., Kopalle P., Voleti S. The role of big data and predictive analytics in retailing. Journal of Retailing. 2017. Vol. 93 (1). P. 79–95. DOI: 10.1016/j.jretai.2016.12.004.

6. Cao L., Li L. The impact of cross-channel integration on retailers’ sales growth. Journal of Retailing. 2015. Vol. 91 (2). P. 198–216. DOI: 10.1016/j.jretai.2014.12.005.

7. Chen Y., Cheung C.M.K., Tan C.-W. Omnichannel business research: Opportunities and challenges. Decision Support Systems. 2018. Vol. 109. P. 1–14. DOI: 10.1016/j.dss.2018.03.007.

8. Ciasullo M.V., Montera R., Mercuri F., Mugova S. When Digitalization Meets Omnichannel in International Markets: A Case Study from the Agri-Food Industry. Administrative Sciences. 2022. Vol. 12 (2). P. 68.

9. Costa Climent R., Haftor D.M., Chowdhury S. Value creation through omnichannel practices for multi-actor customers: an evolutionary view. Journal of Enterprising Communities. 2022. Vol. 16 (1). P. 93 – 118.

10. Eriksson E., Norrman A., Kembro J. Understanding the transformation toward omnichannel logistics in grocery retail: a dynamic capabilities perspective. International Journal of Retail and Distribution Management. 2022. № 50. DOI: 10.1108/IJRDM-10-2021-0508.

11. Fisher M.L., Gallino S., Xu J.J. The value of rapid delivery in omnichannel retailing. Journal of Marketing Research. 2019. Vol. 56 (5). P. 732–748.

12. Grönroos C. Service Logic Revisited: Who Creates Value? And Who Co-creates?. European Business Review. 2008. Vol. 20. P. 298–314.

13. Guthrie C., Fosso-Wamba S., Arnaud J.B. Online consumer resilience during a pandemic: an exploratory study of e-commerce behavior before, during and after a COVID-19 lockdown. Journal of Retailing and Consumer Services. 2021. Vol. 61. 102570.

14. Heinonen K., Strandvik T., Mickelsson J., Edvardsson B., Sundström E., Andersson P. A Customer-Dominant Logic of Service. Journal of Service Management. 2010. Vol. 21. P. 531–548.

15. Hosseini S., Merz M., Röglinger M., Wenninger A. Mindfully going omni-channel: An economic decision model for evaluating omni-channel strategies. Decision Support Systems. 2019. Vol. 109. P. 74–88. DOI: 10.1016/j.dss.2018.01.010.

16. Lehrer C., Trenz M. Omnichannel Business. Electronic Markets. 2022. Vol. 32 (2). P. 687–699

17. Nüesch R., Alt R., Puschmann T. Hybrid customer interaction. Business and Information Systems Engineering. 2015. Vol. 57 (1). P. 73–78. DOI: 10.1007/s12599-014-0366-9.

18. Oh L.B., Teo H.H., Sambamurthy V. The effects of retail channel integration through the use of information technologies on firm performance. Journal of Operations Management. 2012. Vol. 30 (5). P. 368–381. DOI: 10.1016/j.jom.2012.03.001.

19. Payne A., Frow P., Eggert A. The customer value proposition: evolution, development, and application in marketing. Journal of the Academy of Marketing Science. 2017. Vol. 45. P. 467–489.

20. Rita P., Ramos R. Global Research Trends in Consumer Behavior and Sustainability in ECommerce: A Bibliometric Analysis of the Knowledge Structure. MDPI, Sustainability (Switzerland). 2022. Vol 14 (15). 9455.

21. Salvietti G., Ziliani C., Teller C., Ieva M., Ranfagni S. Omnichannel retailing and post-pandemic recovery: building a research agenda. International Journal of Retail and Distribution Management. 2022. Vol. 50. № 8–9. P. 1156 – 1181.

22. Shen X.L., Li Y.J., Sun Y., Wang N. Channel integration quality, perceived fluency and omnichannel service usage: The moderating roles of internal and external usage experience. Decision Support Systems. 2018. Vol. 109. P. 61–73.

23. Slater S., Narver J. Market Orientation and Learning Organization. Journal of Marketing. 1995. Vol 59. P. 63–74.

24. Trenz M., Veit D., Tan C.-W. Disentangling the impact of omnichannel integration on consumer behavior in integrated sales channels. MIS Quarterly. 2020. Vol. 44 (3). P. 1207–1258. DOI: 10.25300/MISQ/2020/14121.

25. Tuominen S., Reijonen H., Nagy G., Buratti A., Laukkanen T. Customer-centric strategy driving innovativeness and business growth in international markets. International Marketing Review. 2022. DOI: 10.1108/IMR-09-2020-0215.

26. von Briel F. The future of omnichannel retail: A four-stage Delphi study. Technological Forecasting and Social Change. 2018. Vol. 132. P. 217–229.

27. Wiener M., Hoßbach N., Saunders C. Omnichannel businesses in the publishing and retailing industries: Synergies and tensions between coexisting online and offline business models. Decision Support Systems. 2018. Vol. 109. P. 15–26.

28. Yeğin T., Ikram M. Developing a Sustainable Omnichannel Strategic Framework toward Circular Revolution: An Integrated Approach. MDPI, Sustainability (Switzerland). 2022. Vol. 14 (18). 11578.

29. Nauchnaya elektronnaya biblioteka eLibrary: Available at: https://www.elibrary.ru/query_results.asp (accessed: 16.12.2022). (In Russ.).

30. Amar J., Jacobson R., Kleinstein B., Shi A. 2020. Redefine the omnichannel approach: Focus on what truly matters. McKinsey: Available at: https://www.mckinsey.com/business-functions/operations/our-insights/redefine-the-omnichannel-approach-focus-on-what-truly-matters (accessed: 16.12.2022).

31. Arora A., Harrison L., Lun Plotkin C., Magni M., Stanley J. The new B2B growth equation. 2022: Available at: https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/the-new-b2b-growth-equation (accessed: 16.12.2022).

32. Blake Mogran. Does It Still Cost 5x More To Create A New Customer Than Retain An Old One? 2019: Available at: https://www.forbes.com/sites/blakemorgan/2019/04/29/does-it-still-cost5x-more-to-create-a-new-customer-than-retain-an-old-one/?sh=4ca309fb3516 (accessed: 16.12.2022).

33. Briedis H., Gregg B., Heidenreich K., Li W.W. Omnichannel: The path to value. 2021: Available at: https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/the-survival-guide-to-omnichannel-and-the-path-to-value (accessed: 16.12.2022).

34. Charm T, Coggins B., Robinson K., Wilkie L. The great consumer shift: Ten charts that show how US shopping behavior is changing. 2020: Available at: https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/the-great-consumer-shift-ten-charts-that-show-howus-shopping-behavior-is-changing (accessed: 16.12.2022).

35. Gallo A. The Value of Keeping the Right Customers. 2014: Available at: https://hbr.org/2014/10/the-value-of-keeping-the-right-customers (accessed: 16.12.2022).

36. Scopus: Available at: https://www.scopus.com/search/form.uri?display=basic#basic (accessed: 16.12.2022).


Review

For citations:


Kurkova D.N. New Forms of Interaction between Suppliers and Consumers in the Digital Market Environment. Scientific Research of Faculty of Economics. Electronic Journal. 2023;15(1):55-70. (In Russ.) https://doi.org/10.38050/2078-3809-2023-15-1-55-70

Views: 310


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2078-3809 (Online)