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Published byStella Clarke Modified over 9 years ago
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+ Viral Marketing An Nghia Nguyen Genevieve Laniel Legare Kristine Toft Müller Bernadette O’Connor Carina Frank Rikke Blomsterberg The digitization of word of mouth: Promise and challenges of online feedback mechanisms By Chrysanthos Dellarocas (2003)
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+ Online feedback mechanisms ■ What are online feedback mechanisms? ■ Examples?
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+ Communication and mechanisms
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+ The company ■ How can companies affect the feedback mechanisms?
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Ebay case study
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How does feedback mechanism work in connection to eBay?
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Solutions to improve Ebay feedback mechanism
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+ Behaviour Changes 1. Search information 2. Fosters cooperation among strangers + Trust
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+ Behaviour Changes 3. Look for scale
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+ Behaviour Changes Example: BlaBla car 274 000 likes on facebook
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+ Reputation
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+ How reputation can change because of online feedback
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+ Example: Tripadvisor
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+ Challenges Monitoring feedback: - comments can be deleted by organisations - positive feedback can be highlighted - damage can be done before businesses see feedback online
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+ Challenges Feedback can be swayed by particular trendsetters posting about organisations.
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+ Challenges Online feedback mechanisms in a negative way.
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+ Managerial implications How can we as future managers benefit from the knowledge about online feedback mechanisms??
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+ Managerial implications ●Brand Building ●Customer acquisition ●Product Development ●Quality Control
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+ Managerial implications ■ Relationship Marketing ■ Strategic decision making
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+ Questions??
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