Emergence of Social Power in Business to Business Relationships: An Abstract

Duncan, Sherese Y.

doi:10.1007/978-3-030-42545-6_116

Cited by 1 publication

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“…The study manifests numerous practical implications for managing CX. The evolution of technologies led to a reduction in information asymmetry between buyers and sellers as buyers are empowered now with more information (Duncan, 2020). The managerial implications are categorized into three distinct tracks for ease of implementation.…”

Section: Managerial Implicationsmentioning

confidence: 99%

Customer experience in pharmaceutical B2B markets: perspectives of buyers and sellers

Abraham,

Sarkar,

DasGupta

2023

IJPHM

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Purpose The purpose of this study is to understand customer experience (CX) in business-to-business (B2B) markets through the perspectives of buyer–seller dyads. This study aims to evaluate how customer journey, touchpoints and digital and social media (DSM) influence CX and offer avenues for sellers to align their efforts with buyers’ requirements to create and manage CX. Design/methodology/approach Integrating insights of practicing buyers and sellers in the pharmaceutical B2B industry, this study follows the phenomenological approach to understand their experience through their perspectives on the customer journey, touchpoints and DSM. Findings The findings of this study include convergence in the perspectives in journey stages, journey enablers, stakeholder involvement, touchpoint preference and DSM’s use. The study findings also include divergence in perspectives in the senior management engagement, journey enablers, selling center involvement, DSM purpose and usage of DSM platforms. These offer opportunities for sellers to align with buyer journey, touchpoints and DSM to create and manage CX. Practical implications Sellers in pharmaceutical B2B markets have been dependent on traditional knowledge to influence customer journey and touchpoints and the advent of DSM has enhanced the challenge. To avoid this confusion, sellers need to have clarity of customers’ expectations on the journey, touchpoints and DSM. This enables sellers to allocate their resources better to achieve the desired outcome in CX. Originality/value This first-of-its-kind study captured the convergence and divergence perspectives of pharmaceutical B2B buyer–seller dyads from the lens of the uncertainty reduction theory and social penetration theory. The study suggests opportunities for pharmaceutical sellers to create and manage CX.

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Section: Managerial Implicationsmentioning

confidence: 99%