Remove Customer Intimacy Remove Innovation Remove Loyalty Remove Marketing
article thumbnail

The Potential of Geolocation for Revolutionizing Retail

Harvard Business Review

Nevertheless, physical stores do offer customers a number of significant benefits, including immediacy, personal service, and the ability to offer a truly immersive experience. New technology promises to allow retailers to beat online players at their own game, transforming the customer experience and dramatically improving their positioning.

Retail 8
article thumbnail

What Apple, Lending Club, and AirBnB Know About Collaborating with Customers

Harvard Business Review

Today, however, by exploiting new digital technologies, firms like Apple, Lending Club, and AirBnB have made customer co-creation of value central to their business models and in doing so now rank among the world’s most innovative and valuable firms. These four types of customers represent different levels of brand affinity: 1.

CRM 8
article thumbnail

How Location Analytics Will Transform Retail

Harvard Business Review

The culprit turned out to be a series of benches placed in front of the wall, limiting customer access. Marketing. A restaurant chain wanted to understand the whether or not sponsoring a local music festival had a measurable impact on customer visits. We are in the Age of the Customer. not visiting competitor venues).

Retail 8