Omnichannel marketing is defined as the strategy of providing customers with information, products, services, and support through
Question:
Omnichannel marketing is defined as the strategy of providing customers with information, products, services, and support through multiple synchronized distribution channels seamlessly. Consumers often shop across multiple channels which prove more lucrative than those who fixate on a single channel. Omnichannel marketing enables organizations to efficiently engage customers across these channels, ensuring a seamless experience that surpasses traditional multichannel approaches (Shankar & Kushwaha, 2020). Using more than one channel allows for a broader reach to consumers, which typically equates to more sales opportunities. A potential negative side effect that may stem from multiple channel usage is channel conflict. This refers to conflicts that arise between parties in a business agreement, like a retailer and distributor. Effectively managing business relationships is crucial as it may directly impact one's success (How to Manage and Avoid Channel Conflict (with Steps), n.d.). Facilitating an effective communication method between your company and its channel partners can minimize misunderstandings, subsequently preventing potential channel conflicts (How to Manage and Avoid Channel Conflict (with Steps), n.d.).
Reference
How To Manage and Avoid Channel Conflict (With Steps). (n.d.). Indeed Career Guide. https://www.indeed.com/career-advice/career-development/channel-conflict
Shankar, V., & Kushwaha, T. (2020). Omnichannel Marketing: Are Cross-Channel Effects Symmetric?International Journal of Research in Marketing,38(2). https://doi.org/10.1016/j.ijresmar.2020.09.001
JUSTIFY or agree/disagree with the writer or answer the above. And please mention if you are justifying, agreeing, disagreeing or answering the above.
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr