Customer Value Analysis of Online and Offline lifestyle innovation product buyers
DOI:
https://doi.org/10.69968/ijisem.2025v4i3148-152Keywords:
Customer Value, Lifestyle Innovations, Value Mapping, Online Buyers and Offline BuyersAbstract
Customer/Consumer value is well-defined as, difference between perceived benefit and perceived cost. Lifestyle innovation products are new or improved goods and services designed to enhance various aspects of daily life, often incorporating technology and design to improve functionality and user experience. This research aims to assess the level of value delivered to customer buying lifestyle innovation products online and offline. It is a comparative study between online and offline buyers. Study has analyzed whether value delivered is high in online buyers than offline buyers. Findings depicted that, online buyers have received perceived value higher than offline buyers in purchasing lifestyle innovation products, for the study we have focused respondents buying digital wrist watches to monitor their health every day. For testing hypothesis we have used one sample t-test and simple descriptive analysis for briefing the demographic profile of respondents. To measure the customer value we have used value mapping model.
References
[1] American Marketing Association (2006): Dictionary of Marketing Terms.
[2] Eggert, A., & Ulaga, W. (2002). Customer perceived value: A substitute for satisfaction in business markets? Journal of Business & Industrial Marketing, 17(2/3), 107-118.https://doi.org/10.1108/08858620210419754
[3] Evans, G. (2002). Measuring and managing customer value, Work Study, Vol. 51 No. 3, pp. 134- 139.https://doi.org/10.1108/00438020210424262
[4] Flint, D. J., Woodruff, R. B., & Gardial, S. F. (1997). Customer value change in industrial marketing relationships: A call for new strategies and research. Industrial Marketing Management, 26(2), 163-175.https://doi.org/10.1016/S0019-8501(96)00112-5
[5] Gale B.T. (1994): Managing Customer Value: Creating quality and service that customer can see, New York.
[6] Holbrook, M. B. (1999). Consumer value: A framework for analysis and research. Routledge.
[7] Khalifa, A. S. (2004). Customer value: A review of recent literature and an integrative configuration. Management Decision, 42(5), 645-666.https://doi.org/10.1108/00251740410538497
[8] Payne, A., & Holt, S. (2001). Diagnosing customer value: Integrating the value process and relationship marketing. British Journal of Management, 12(2), 159-182.https://doi.org/10.1111/1467-8551.00192
[9] Parasuraman, A. (1997). Reflections on gaining competitive advantage through customer value. Journal of the Academy of Marketing Science, 25(2), 154-161.https://doi.org/10.1007/BF02894351
[10] Sánchez-Fernández, R., & Iniesta-Bonillo, M. Á. (2007). The concept of perceived value: A systematic review of the research. Marketing Theory, 7(4), 427-451.https://doi.org/10.1177/1470593107083165
[11] Sweeney, J. C., & Soutar, G. N. (2001). Consumer perceived value: The development of a multiple item scale. Journal of Retailing, 77(2), 203-220.https://doi.org/10.1016/S0022-4359(01)00041-0
[12] Woodruff, R.B. (1997). Customer Value: The Next Source for Competitive Advantage. Journal of the Academy of Marketing Science, 25, 139-153.https://doi.org/10.1007/BF02894350
[13] Zeithaml, V. A. (1988). Consumer perceptions of price, quality, and value: A means-end model and synthesis of evidence. Journal of Marketing, 52(3), 2-22.https://doi.org/10.2307/1251446
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Asifulla. A, Rishikesh Ruthvik

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Re-users must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. This license allows for redistribution, commercial and non-commercial, as long as the original work is properly credited.