You are here
Australia and New Zealand Marketing Academy Honor Professor Pierre Berthon of Bentley University with Best Paper Award
Bentley University professor Pierre Berthon's current research received the Best Paper Award on the Marketing Strategy Track of the 2010 Australia and New Zealand Marketing Academy Conference (ANZMAC). Berthon co-wrote the paper "Creative Consumers: Awareness, Attitude & Action - Instrument & Preliminary Results" with Colin Campbell (Simon Frazer University), Leyland Pitt (Simon Frazer University) and Ian McCarthy (Simon Frazer University). The award was presented at the annual conference held at the University of Canterbury in New Zealand from November 30 to December 2, 2010.
The study explores the relationship between a firm's stance towards its creative customers and its business performance. Creative consumers who adapt, modify or transform a proprietary offering are becoming a major force in the business world, but unless managed appropriately, they can cripple a company's source of revenues Findings will help guide managers to identify, assess and strategically plan a coherent response to creative consumers.
"Many firms are unaware of the extent of the phenomenon of creative consumers, and there are few guidelines on how to assess and manage this growing trend," says Berthon, marketing professor and Clifford F. Youse Chair of Marketing at Bentley.
According to Berthon, customer innovation is an important social phenomenon that is "not simply a 'bad' or 'good' thing." Adaptations by customers, for instance, may present significant opportunities for the identification of new products that can be very profitable. Simultaneously, they may also represent a serious hazard to the firm's intellectual property or pose public relations nightmares if the firm appears to be an insensitive bully or threatens litigation when products do harm in the hands of meddling customers.
In a call for companies to recognize the significant implications of customer innovations, the researchers present an instrument that considers three dimensions of a firm's stance - awareness, attitude, and action. The research also considered factors such as business environment turbulence and a firm's performance.
"We explored the extent to which an organization is aware of its creative customers, its attitude towards its creative customers, and finally the action it takes in response to its creative customers," Berthon notes. "The instrument is one step towards helping managers to identify, assess and strategically plan a coherent response to creative consumers."
BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, PhD programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education. For more information, please visit www.bentley.edu.
Want more stories like this?
College Factual, an online portal designed to assist students in selecting a college, has released its top colleges for a degree in finance ranking and Bentley University stands at #4 overall in the U.S.