Business Commons^™

The Strategic Importance Of Customer Value, Donovan A. Mcfarlane

Atlantic Marketing Journal

This paper examines the importance of customer value as a strategic approach to doing business in the 21^st century hypercompetitive marketplace and marketspace. The author examines the customer value theory of Professor Art Weinstein as a valid and plausible conceptual framework for strategically positioning an organization through market orientation to design and deliver superior customer value as a competitive advantage. Citing examples of new economy companies that have effectively propelled themselves to the forefront of the competition through the delivery of superior customer value, the author argues that customers are not simply just consumers or buyers of goods and …