Influencing the Influencers: Using Social Media to Find Top Customers
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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Episode highlights
- The Intersection of Social Networks and Service ProvidersProfessor Gad explores how social networks influence customer behavior and service delivery.“We have to think about the idea of influence in a more nuanced way.”1:12Jun 27, 2017
- Ranking Customers by InfluenceA new model suggests firms should prioritize customers based on their social influence.“The main takeaway is that firms should think about ranking their customers.”2:45Jun 27, 2017
- The Correlation Between Social and Economic ValueSurprisingly, vocal customers may not always have high lifetime value, complicating targeting strategies.“Knowing how customers interact with their friends is crucial for better service.”5:36Jun 27, 2017
Tension
40/ 100Low tension





