Abstract
This study explores the communication of reciprocal value propositions in buyer-seller interaction and examines whether each party's value proposition is congruent with the value sought by their respective counterpart. Through 31 in-depth interviews with customers and salespeople from six professional service organizations, it was found that while both parties deliberately articulate value propositions, thereby initiating the co-creation process, there are some surprising disparities in the value dimensions offered by the salesperson. Although the customer's value proposition is largely consistent with the value sought by the seller, a marked discrepancy was encountered in the reverse case (i.e. between the seller's value proposition and the buyer's desired value). These findings indicate a significant misalignment between the seller's value proposition and actual co-creative behavior that can impede the subsequent collaboration and resource integration between the two parties, which could lead to customer dissatisfaction and potentially even service failure.
Original language | English |
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Pages (from-to) | 107–121 |
Number of pages | 15 |
Journal | Industrial Marketing Management |
Volume | 64 |
Early online date | 4 Apr 2017 |
DOIs | |
Publication status | Published - Jul 2017 |
Keywords
- Reciprocal value proposition
- Value
- Value co-creation
- Buyer-seller interaction
- Service-dominant logic
Profiles
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Kenneth Le Meunier-FitzHugh
- Norwich Business School - Associate Professor, Associate Tutor
- Marketing - Member
Person: Research Group Member, Associate Tutor, Academic, Teaching & Research