Influencing the Influencers: Using Social Media to Find Top Customers

Knowledge at Wharton

Episode Description

Recent Wharton research devised an analytics model to help businesses identify their high-value customers. More: http://knlg.net/2juYnfM 📂 Marketing 🏷️ Research

Brief Summary

Wharton Professor Gad Alan discusses customer influence in service delivery through social networks and the importance of understanding social value.

Key points

  • The Intersection of Social Networks and Service Providers. Professor Gad explores how social networks influence customer behavior and service delivery.
  • Ranking Customers by Influence. A new model suggests firms should prioritize customers based on their social influence.
  • The Correlation Between Social and Economic Value. Surprisingly, vocal customers may not always have high lifetime value, complicating targeting strategies.

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