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1 – 10 of over 17000Praveen Ranjan Srivastava, Dheeraj Sharma and Inderjeet Kaur
Businesses need to make quick decisions and adjustments to fulfill the growing online demand. Previous studies examined various factors affecting the online sales performance of…
Abstract
Purpose
Businesses need to make quick decisions and adjustments to fulfill the growing online demand. Previous studies examined various factors affecting the online sales performance of products such as books, electronics and movies; however, they paid limited attention toward the local brand clothing products. The current study investigates the importance of different kinds of seller-generated and consumer-generated signals such as price, discount, product ratings, review volume, review sentiment, number of questions and interaction between some of these factors for predicting the sales performance of clothing products.
Design/methodology/approach
The multiple linear regressions has been employed to investigate the influence of various predictor variables on sales performance. The study also examines the importance of these predictor variables by using different machine learning models, including random forest (RF), neural networks and support vector regression (SVR).
Findings
The findings of the study emphasize the importance of price and discount rates offered on the product. The quantitative characteristics of reviews, such as review volume and average rating, have been found to be more important predictors than sentiment strengths. However, the sentiment strength of reviews with higher helpfulness scores plays a significant role in predicting sales performance.
Originality/value
The study highlights the varying importance of seller-based and consumer-based signals in predicting sales performance. It also investigates the interaction effect of these two kinds of signals. The consumer-generated signals have been further divided into two components based on social influence theory, and the interaction effects of these components have also been examined.
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To date, a general self‐efficacy concept has been the standard model for prediction of sales performance, and there has yet to be a published study that combines the three…
Abstract
Purpose
To date, a general self‐efficacy concept has been the standard model for prediction of sales performance, and there has yet to be a published study that combines the three variables: sales performance, self‐efficacy, and sales communication behaviors. It is proposed that a model which takes into account the behaviors of getting, giving, using, and planning, and the self‐efficacy of these behaviors, will be a better predictor of sales performance in sales representatives.
Design/methodology/approach
This study used a sampling of 110 pharmaceutical sales representatives to measure general self‐efficacy, specific self‐efficacy, behaviors, and sales performance. With the data, the research tested nine hypotheses.
Findings
The self‐efficacy of behaviors such as getting, giving, using, and planning are positively correlated with performance of these behaviors. Increased self‐efficacy of behaviors actually proved to decrease performance of those behaviors, yet the increase in behaviors resulted in increased sales performance.
Originality/value
The differentiation of specific self‐efficacy, with regard to the behaviors of getting, giving, using, and planning, proved to be a superior indicator of sales performance as opposed to general self‐efficacy. Although the findings of this study were not what was originally intended, the inverse nature of the results prove that a model of this nature will assist management in predicting and managing levels of productivity within their sales force.
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Kirby L.J. Shannahan, Rachelle J. Shannahan and Alan J. Bush
The purpose of this paper is to introduce the concept of salesperson coachability and to propose potential relationships between it and sales coaching and sales performance.
Abstract
Purpose
The purpose of this paper is to introduce the concept of salesperson coachability and to propose potential relationships between it and sales coaching and sales performance.
Design/methodology/approach
This conceptual paper reviews the sales coaching and sales performance literature to highlight how the knowledge of each may be enhanced by the coachability construct. The concept of athletic coachability is then introduced to explain why it should be adapted and applied to salespeople in a personal selling context.
Findings
Adapting and applying the concept of athlete coachability to salespeople in a personal selling context may provide sales management practitioners and academics a better understanding of how certain salesperson personality traits combine and interact with certain situational influences to impact sales performance.
Research limitations/implications
Future studies need to test the propositions advanced.
Practical implications
Salesperson coachability may be used by sales managers as a screening criterion for sales force recruiting and retention.
Social implications
Salesperson coachability assessments for recruiting and training may result in lowering job turnover.
Originality/value
This paper introduces the concept of athletic coachability to the sales literature, argues why the concept should be adapted and applied to salespeople in a personal selling context, and advances testable propositions with respect to its expected relationship with sales coaching and sales performance.
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Robert L. Engle and Michael L. Barnes
A 42‐question survey on usage and beliefs regarding sales force automation (SFA) was collected, along with actual sales performance data, on 1,641 sales representatives of a large…
Abstract
A 42‐question survey on usage and beliefs regarding sales force automation (SFA) was collected, along with actual sales performance data, on 1,641 sales representatives of a large international pharmaceutical company in Germany, England, and the United States. The relationships between beliefs and usage and individual sales performance were examined both within and across countries and a cost‐benefit analysis completed. Factor analysis identified five usage groupings including: Planning and territory management; Administration and external information exchange; Within company communication; Active sales tool; and Passive sales tool. Significant usage, belief, and performance differences between countries were found, with the use of SFA explaining 16.4 per cent of the variance in sales performance across countries. General findings indicated that management and representatives believed SFA to be useful. US$22.2 million in sales increases were found to be attributable to SFA usage. At the same time, non‐discounted cash flow payback periods were found to range from 6.2 to 7.4 years. Potential contributing factors and implications are discussed.
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Dongdong Ge, Luhui Hu, Bo Jiang, Guangjun Su and Xiaole Wu
The purpose of this paper is to achieve intelligent superstore site selection. Yonghui Superstores partnered with Cardinal Operations to incorporate a tremendous amount of…
Abstract
Purpose
The purpose of this paper is to achieve intelligent superstore site selection. Yonghui Superstores partnered with Cardinal Operations to incorporate a tremendous amount of site-related information (e.g. points of interest, population density and features, distribution of competitors, transportation, commercial ecosystem, existing own-store network) into its store site optimization.
Design/methodology/approach
This paper showcases the integration of regression, optimization and machine learning approaches in site selection, which has proven practical and effective.
Findings
The result was the development of the “Yonghui Intelligent Site Selection System” that includes three modules: business district scoring, intelligent site engine and precision sales forecasting. The application of this system helps to significantly reduce the labor force required to visit and investigate all potential sites, circumvent the pitfalls associated with possibly biased experience or intuition-based decision making and achieve the same population coverage as competitors while needing only half the number of stores as its competitors.
Originality/value
To our knowledge, this project is among the first to integrate regression, optimization and machine learning approaches in site selection. There is innovation in optimization techniques.
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Jan Philipp Graesch, Susanne Hensel-Börner and Jörg Henseler
The enabling technologies that emerged from information technology (IT) have had a considerable influence upon the development of marketing tools, and marketing has become…
Abstract
Purpose
The enabling technologies that emerged from information technology (IT) have had a considerable influence upon the development of marketing tools, and marketing has become digitalized by adopting these technologies over time. The purpose of this paper is to demonstrate the impacts of these enabling technologies on marketing tools in the past and present and to demonstrate their potential future. Furthermore, it provides guidance about the digital transformation occurring in marketing and the need to align of marketing and IT.
Design/methodology/approach
This study demonstrates the impact of enabling technologies on the subsequent marketing tools developed through a content analysis of information systems and marketing conference proceedings. It offers a fresh look at marketing's digital transformation over the last 40 years. Moreover, it initially applies the findings to a general digital transformation model from another field to verify its presence in marketing.
Findings
This paper identifies four eras within the digital marketing evolution and reveals insights into a potential fifth era. This chronological structure verifies the impact of IT on marketing tools and accordingly the digital transformation within marketing. IT has made digital marketing tools possible in all four digital transformation levers: automation, customer interaction, connectivity and data.
Practical implications
The sequencing of enabling technologies and subsequent marketing tools demonstrates the need to align marketing and IT to design new marketing tools that can be applied to customer interactions and be used to foster marketing control.
Originality/value
This study is the first to apply the digital transformation levers, namely, automation, customer interaction, connectivity and data, to the marketing discipline and contribute new insights by demonstrating the chronological development of digital transformation in marketing.
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Madhuri Prabhala and Indranil Bose
While there has been extensive research on understanding the effects of online reviews on product sales, there is not enough investigation of the inter-relationships between…
Abstract
Purpose
While there has been extensive research on understanding the effects of online reviews on product sales, there is not enough investigation of the inter-relationships between online reviews, online search and product sales. The study attempts to address this gap in the context of the Indian car market.
Design/methodology/approach
The research uses text mining and considers six important review features volume, valence, length, deviation of valence, sentiment and readability within the heuristic and systematic model of information processing. Panel data regression is used along with mediation analysis to study the inter-relationships between features of reviews, online search and sales.
Findings
The study finds that numerical heuristic features significantly affect sales and online search, numerical systematic feature affects sales and the textual heuristic and systematic features do not affect sales or online search in the Indian car market. Further, online search mediates the association between features of reviews and sales of cars.
Research limitations/implications
Although only car sales data from India is considered in this research, similar relationships between review features, online search and sales could exist for the car market of other countries as well.
Originality/value
This research uncovers the unique role of online search as a mediator between review features and sales, whereas prior literature has considered review features and online search as independent variables that affect sales.
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Barkha Bansal and Sangeet Srivastava
Vast volumes of rich online consumer-generated content (CGC) can be used effectively to gain important insights for decision-making, product improvement and brand management…
Abstract
Purpose
Vast volumes of rich online consumer-generated content (CGC) can be used effectively to gain important insights for decision-making, product improvement and brand management. Recently, many studies have proposed semi-supervised aspect-based sentiment classification of unstructured CGC. However, most of the existing CGC mining methods rely on explicitly detecting aspect-based sentiments and overlooking the context of sentiment-bearing words. Therefore, this study aims to extract implicit context-sensitive sentiment, and handle slangs, ambiguous, informal and special words used in CGC.
Design/methodology/approach
A novel text mining framework is proposed to detect and evaluate implicit semantic word relations and context. First, POS (part of speech) tagging is used for detecting aspect descriptions and sentiment-bearing words. Then, LDA (latent Dirichlet allocation) is used to group similar aspects together and to form an attribute. Semantically and contextually similar words are found using the skip-gram model for distributed word vectorisation. Finally, to find context-sensitive sentiment of each attribute, cosine similarity is used along with a set of positive and negative seed words.
Findings
Experimental results using more than 400,000 Amazon mobile phone reviews showed that the proposed method efficiently found product attributes and corresponding context-aware sentiments. This method also outperforms the classification accuracy of the baseline model and state-of-the-art techniques using context-sensitive information on data sets from two different domains.
Practical implications
Extracted attributes can be easily classified into consumer issues and brand merits. A brand-based comparative study is presented to demonstrate the practical significance of the proposed approach.
Originality/value
This paper presents a novel method for context-sensitive attribute-based sentiment analysis of CGC, which is useful for both brand and product improvement.
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Eddie Chi Man Hui, Otto Muk Fai Lau and Tony Kak Keung Lo
The purpose of this paper is to explore the application of fuzzy logic in real estate investment in Hong Kong. There have been sufficient debates on the literature, providing the…
Abstract
Purpose
The purpose of this paper is to explore the application of fuzzy logic in real estate investment in Hong Kong. There have been sufficient debates on the literature, providing the theoretical background on real estate investment decisions but there has been a lack of empirical support in this regard. This paper attempts to fill the gap between theorem and application.
Design/methodology/approach
The fuzzy logic system is adopted to evaluate the situation of a real estate market with imprecise and vague information. An indicator‐portfolio, rather than a specific indicator/index usually employed by practitioners, is explored to assist investors in risk management. The result derived from this framework is then compared to the property price index. This approach provides a framework in understanding the market without statistical and mathematical models. It tries to stimulate the complex human cognitive process involving decision making.
Findings
The housing‐indicator portfolio composition produces an outcome value which is able to reflect the complexities of both the real estate market and investors' expectations. An increase of this value implies that the investment condition is becoming more positive.
Research limitations/implications
The paper reveals that fuzzy logic can provide some insights in an intuitive manner and is capable of obtaining information not found in market data. It is particularly useful to investors without experience in mathematical modeling.
Practical implications
This paper establishes a basic framework of fuzzy logic for real estate investment on which a base is formed as a reference for practitioners and investors. However, they should make references to the specific housing‐indicator portfolio composition in their own regions.
Originality/value
This paper has used a fuzzy logic system to assist practitioners as well as investors on decision making in real estate investment with imperfect market information. With the aid of the system, practitioners and investors are able to enhance their investment decision‐making quality by reducing the risk incurred by such uncertainties.
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MengQi (Annie) Ding and Avi Goldfarb
This article reviews the quantitative marketing literature on artificial intelligence (AI) through an economics lens. We apply the framework in Prediction Machines: The Simple…
Abstract
This article reviews the quantitative marketing literature on artificial intelligence (AI) through an economics lens. We apply the framework in Prediction Machines: The Simple Economics of Artificial Intelligence to systematically categorize 96 research papers on AI in marketing academia into five levels of impact, which are prediction, decision, tool, strategy, and society. For each paper, we further identify each individual component of a task, the research question, the AI model used, and the broad decision type. Overall, we find there are fewer marketing papers focusing on strategy and society, and accordingly, we discuss future research opportunities in those areas.
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