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This study aims to evaluate the significance of the corporate website favorability notion and examines its factors in developing competitive advantage in the context of…
This study aims to evaluate the significance of the corporate website favorability notion and examines its factors in developing competitive advantage in the context of retail and service settings in the UK and Russia.
Based on the attribution, social identity and signaling theories, this study adopted the qualitative exploratory approach by conducting 14 interviews with retail experts and eight focus groups with retail users in the UK and Russia, combined with experts in website design, communication and marketing.
The study findings indicated that it is crucial to build and maintain a favorable corporate website that reveals the corporate identity as part of the overall company strategy. The study suggests that navigation, visual, information, usability, customization, security, availability, website credibility, customer service, perceived corporate social responsibility and perceived corporate culture are the factors of corporate website favorability that contribute to the company’s competitive advantage. The findings show that consumers from Russia as well as from the UK found the significance of a favorable corporate website (i.e. corporate website favorability), as well as the factors affecting corporate website favorability. However, consumers in the UK are more critical and demanding in the level of expectation of the website overall and put more weight than consumers from Russia on the perceived corporate social responsibility, perceived corporate culture, customer service and website credibility.
Corporate website favorability should be adopted by the companies, as part of the overall corporate identity management. Furthermore, it is advised to take into consideration the variations in the level of importance of the factors of corporate website favorability in different countries. The findings of this study suggest that this investigation will make a considerable managerial contribution to the understanding of a company’s decision-makers, communication professionals and website specialists about the building of a favorable corporate website in line with corporate identity strategy of the company.
There has been little systematic study of the effect of corporate websites on consumer evaluations of the websites; also, there is a lack of research with regard to the factors that contribute to the development of a favorable corporate website (i.e. corporate website favorability). This is the first study of its kind to find the effect of corporate website favorability in Russia, representing a non-western country, and the UK, representing a western country. Therefore, it contributes to the corporate visual identity literature by presenting the corporate website favorability construct and demonstrating the factors that influence corporate website favorability.
The purpose of this chapter is to determine the level of readiness of the Russian society for information economy’s formation. For the formation of information economy…
The purpose of this chapter is to determine the level of readiness of the Russian society for information economy’s formation. For the formation of information economy, the authors use the methods of classification and structural analysis, as well as the proprietary method of criterial evaluation of society’s readiness. This method envisages structuring of population according to the main criteria: territory of residence (geographical criterion), age, level of education, level of income, and susceptibility to innovations (adaptation criterion). Based on the statistical data on readiness of various social categories for information economy’s formation and the share of these categories in the structure of population, the index of society’s readiness for information economy’s formation is calculated. The authors perform criterial evaluation of readiness of the modern Russian society for information economy’s formation as of 2017 and compile the model of the modern Russian society, structured according to the criterion of readiness for information economy’s formation. As a result, they conclude that information economy’s formation could face unreadiness of society, which is a serious barrier on the path of implementation of this process. During evaluation of the level of society’s readiness for information economy’s formation, it is expedient to structure it as per the five main criteria: territory of residence (geographical criterion), age, level of education, level of income, and susceptibility to innovations (adaptation criterion). The received structure of society allows compiling general impression on readiness for information economy’s formation of representatives of various social categories. The example of modern Russia could be the basis for similar evaluation of the level of society’s readiness for information economy’s formation in other countries of the world. This will allow developing and conducting more effective state social policy, which is directed at target influence on representatives of various social categories in the interests of increase of their readiness for information economy’s formation.
This study enables to critically assess: what constitutes the consequences of a financial crisis to a multi-national enterprise operating in the emerging market of Russia;…
This study enables to critically assess: what constitutes the consequences of a financial crisis to a multi-national enterprise operating in the emerging market of Russia; the decision-making processes behind crisis management and the corresponding search for informational grounds to be used as decision justification; and the role of sustainable development in times of crisis.
During the 2014–2015 financial crisis in Russia, L’Oréal Russia managed to increase growth by 7%–15%, strengthening its place as the market leader in the country. First, the case illustrates the way Antonio, the General Manager of L’Oréal Russia, had successfully approached this situation by learning from the shortcomings of the company’s strategy during the 2007–2008 crisis and deciding to take a proactive position concerning stakeholders. Then, upon recalling his success story, Antonio suddenly found himself at the dawn of yet another crisis caused simultaneously by the COVID-19 outbreak and oil prices drop. In the face of uncertainty regarding the applicability of prior crisis management strategy for the new economic and social reality of Russia, Antonio was worried about whether the company would be able to achieve the 2020 sustainable development goals of L’Oréal by the end of the year. The case dilemma involves choices Antonio faced during mid-March 2020 about strategy formulation based on an adjustment to the expected consumer behavior patterns and possible need to rethink sustainable development goals priority.
Complexity academic level
This case is appropriate for an undergraduate or graduate-level program curriculum for courses dedicated to or including topics related to crisis management, doing business in emerging markets, corporate social responsibility and consumer behavior. Before engaging with the case, the students should be aware of basic management- and economics-related concepts and terms, such as strategy, sustainable development, CSR and economic crisis.
Teaching notes are available for educators only.
CSS 11: Strategy.