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2024/2025  KAN-CCMVV1761U  Customer Experience and Business Model Innovation

English Title
Customer Experience and Business Model Innovation

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Quarter
Start time of the course Second Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 150
Study board
Study Board for cand.merc. and GMA (CM)
Course coordinator
  • Peren Ozturan - Department of Marketing (Marketing)
Main academic disciplines
  • Innovation
  • Marketing
  • Strategy
Teaching methods
  • Blended learning
Last updated on 21-02-2024

Relevant links
Learning objectives
  • Define, characterize and compare customer experiences, as well as their components, drivers, and outcomes.
  • Define, characterize and compare business models, as well as their components, drivers, and implications.
  • Generate, characterize and contrast business model innovations, and discuss their enablers and consequences.
  • Discuss and critically reflect upon the alignment between customer experiences and business model innovations.
  • Apply the theoretical knowledge to real brand cases, and discuss the practical implications and limitations.
  • Interrelate the theories, models and frameworks from the course, and critically reflect upon them.
  • Follow academic conventions in the written assignment.
Examination
Customer Experience and Business Model Innovation:
Exam ECTS 7,5
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance, see also the rules about examination forms in the programme regulations.
Individual or group exam Oral group exam based on written group product
Number of people in the group 2-4
Size of written product Max. 20 pages
Definition of number of pages:
Groups of
2 students = 10 pages max.
3 students = 15 pages max.
4 students = 20 pages max.

Students who wish to have an individual exam might be able to write a term paper in the course. Please see cand.merc. rules for term papers for more information.
Assignment type Project
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
Duration
Written product to be submitted on specified date and time.
10 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-point grading scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Re-take exam is to be based on the same report as the ordinary exam:

*if a student is absent from the oral exam due to documented illness but has handed in the written group product she/he does not have to submit a new product for the re-take.

*if a whole group fails the oral exam they must hand in a revised product for the re-take.

*if one student in the group fails the oral exam the course coordinator chooses whether the student will have the oral exam on the basis of the same product or if he/she has to hand in a revised product for there- take.
Course content, structure and pedagogical approach

Recently, many brands have enhanced their equity and established unique positions in the marketplace by improving customer experience and generating diverse types of business model innovations – from resource-driven to customer-driven. In the current business environment - saturated with similar and largely interchangeable product and service offerings - products and services are becoming increasingly perceived as vehicles for experience provision. This emphasizes the importance of effective experience management throughout the customer journey and of effective integration of experience within the business model. However, not all brands should manage customer experience and integrate it into their business model in the same way. Intangible brand assets, such as identity, personality, culture, mission and vision, play a key role in shaping the experience orchestration process. In addition, despite the fact that brands can influence customer experience, the latter is also largely influenced by organizational outsiders on diverse online and offline platforms. On this background, this course aims to provide students with knowledge on how to manage customer experience throughout the customer journey considering internal and external contingencies, and how to generate relevant business model innovations considering customer experience. Accordingly, this course focuses on, but is not limited to, the following topics:

 

  • Drivers, components and consequences of customer experience
  • Intangible brand assets influencing customer experience
  • External factors affecting customer experience
  • Co-creation of experience between internal and external stakeholders
  • Customer journey design and brand touchpoints
  • Business model generation and innovation, considering customer experience and the internal assets and external factors influencing them, as well as their outcomes 
  • Alignment of customer experience and business model innovation oriented toward boosting brand equity and achieving competitive advantage
Description of the teaching methods
The course uses a mix of offline and online pedagogies to maximize student learning. The offline sessions mix traditional lecturing with workshops, cases, and group presentations and discussions. The offline sessions are complemented with online tools (e.g., online peer grading, online guest lectures, online teaching materials) and discussion for in-class activities. The course is highly interactive both online and offline with the corresponding expectation that students engage in these interactions.
Feedback during the teaching period
Continual feedback is central to this course. The mix of offline and online pedagogies that are used in this course will ensure: student-to-student feedback; teacher-to-student feedback; and manager-to-student feedback.

Student workload
Preparation 126 hours
Teaching 30 hours
Examination 50 hours
Further Information

This course is part of the Minor in Marketing and Innovation, but can also be taken independently. 
  
Expected literature

Indicative literature:

 

Brakus, J. J., Schmitt, B. H., & Zarantonello, L. (2009). Brand experience: what is it? How is it measured? Does it affect loyalty?. Journal of Marketing, 73(3), 52-68.

 

Chesbrough, H. (2010). Business model innovation: opportunities and barriers. Long Range Planning, 43, 354-363

 

Iglesias, O., Markovic, S., Bagherzadeh, M., & Singh, J. J. (2020). Co-creation: A key link between corporate social responsibility, customer trust, and customer loyalty. Journal of Business Ethics, 163(1), 151-166.

 

Iglesias, O., Markovic, S., & Rialp, J. (2019). How does sensory brand experience influence brand equity? Considering the roles of customer satisfaction, customer affective commitment, and employee empathy. Journal of Business Research, 96, 343-354.

 

Iglesias, O., Singh, J. J., & Batista-Foguet, J. M. (2011). The role of brand experience and affective commitment in determining brand loyalty. Journal of Brand Management, 18(8), 570-582.

 

Ind, N., Iglesias, O., & Markovic, S. (2017). The co-creation continuum: From tactical market research tool to strategic collaborative innovation method. Journal of Brand Management, 24(4), 310-321.

 

Lemon, K. N. and Verhoef, P. C. (2016). Understanding customer experience throughout the customer journey. Journal of Marketing, 80, 69-96.

 

Markovic, S., Bagherzadeh, M., Dubiel, A., Cheng, J., & Vanhaverbeke, W. (2020). Do not miss the boat to outside-in open innovation: Enable your employees. Industrial Marketing Management, 91, 152-161.

 

Markovic, S., Jovanovic, M., Bagherzadeh, M., Sancha, C., Sarafinovska, M., & Qiu, Y. (2020). Priorities when selecting business partners for service innovation: The contingency role of product innovation. Industrial Marketing Management, 88, 378-388.

 

Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation. Wiley.

 

Teece, D. J. (2010). Business models, business strategy and innovation. Long Range Planning, 43, 172-19.

 

Verhoef, P. C., Lemon, K. N., Parasuraman, A., Roggeveen, A., Tsiros, M., & Schlesinger, L. A. (2009). Customer experience creation: Determinants, dynamics and management strategies. Journal of Retailing, 85(1), 31-41.

 

Wirtz, B.W., Pistoia, A., Ullirich, S., and Gøttel, V. (2016). Business models: Origin, development and future research perspectives. Long Range Planning, 49, 36-54.
Last updated on 21-02-2024