journal article May 09, 2023

A SUSTAINABLE BUSINESS PROFIT THROUGH CUSTOMERS AND ITS IMPACTS ON THREE KEY BUSINESS DOMAINS: TECHNOLOGY, INNOVATION, AND SERVICE (TIS)

View at Publisher Save 10.3846/bmee.2023.18618
Abstract
Purpose – This research examines and investigates the importance of sustainable business profit through customers and its impacts on three key business domains: technology-innovation-service (TIS). The main goal was to see what were the interrelationships of business-consumers and consumers-business analysis to have a sustainable profit based on the models: Innovation and Growth Teams (IGT), Innovative Customer Relationship Management (ICRM), Business-to-Consumer (B2C), Customer Service and Support (CSS), Customer Service Technology (CST), and Multidimensional Scaling model (MDS) or the factors (F1–F14). Were these factors important to businesses and which variables had the greatest impact on sustainable profit through consumer evaluation during purchase? Research methodology – This research was carried out on manufacturing, service, and distribution businesses (consumer-business analysis) and consumers (business-consumer analysis) in 200 businesses and consumers, through the completion of the online questionnaire and the meeting with the business managers, considering the same variables during the period (2019–2022). The data processing was done through (SPSS Statistics 23) using tests and econometric analysis (descriptive, factorial, reliability, multiple regression, and multidimensional scaling analysis) the model shows that all factors have great effects on sustainable business profit through consumers. Findings – However, it is suggested that of great importance for a sustainable business profit through customers are: the behavior of workers and staff, handling requests faster, business support before and after purchase, providing information applications (discount, usage, term of the expiration date, product content, payment methods as well as the provision of transport by the business for consumers. Research limitations – The limitations of this research are only a certain number of variables, years, and the number of businesses, but for other analyses and research, researchers can take a larger number of variables, businesses, and/or countries using the same models. Practical implications – Based on the above questions, it was confirmed that a (TIS) through models will make the profit even more stable by strengthening the position of businesses in the market against their competitors. So, in this case there are still practical implications in three key business domains (TIS) technology, innovation, and services. Therefore, businesses should pay attention to these findings to have a sustainable business profit. Originality/Value – Research related to sustainable profit through consumers considering three key business domains technology, innovations, and services (TIS) has not been analyzed earlier in terms of consumers as buyers and businesses as providers of products and services.
Topics

No keywords indexed for this article. Browse by subject →

References
93
[1]
Achtenhagen, L., Melin, L., & Naldi, L. (2013). Dynamics of business models - strategizing, critical capabilities and activities for sustained value creation. Long Range Planning, 46(6), 427-442. https://doi.org/10.1016/j.lrp.2013.04.002 10.1016/j.lrp.2013.04.002
[2]
Agwu, U. J., & Bessant, J. (2021). Sustainable business models: A systematic review of approaches and challenges in manufacturing. Revista de Administração Contemporânea, 25(3), e200202. https://doi.org/10.1590/1982-7849rac2021200202.en 10.1590/1982-7849rac2021200202.en
[3]
Ahearne, M., Srinivasan, N., & Weinstein, L. (2004). Effect of technology on sales performance: Progressing from technology acceptance to technology usage and consequence. The Journal of Personal Selling and Sales Management, 24(4), 297-310. http://www.jstor.org/stable/40471971.
[4]
Anderson, E. W., Fornell, C., & Lehmann, D. R. (1994). Customer satisfaction, market share, and profitability: Findings from Sweden. Journal of Marketing, 58(3), 53-66. https://doi.org/10.2307/1252310 10.2307/1252310
[5]
Antikainen, M., & Valkokari, K. (2016). A framework for sustainable circular business model innovation. Technology Innovation Management Review, 6(7), 5-12. https://doi.org/10.22215/timreview/1000 10.22215/timreview/1000
[6]
Ashford, S., & Cummings, L. L. (1983). Feedback as an individual resource: Personal strategies of creating information. Organizational Behavior and Human Performance, 32(3), 370-398. https://doi.org/10.1016/0030-5073(83)90156-3 10.1016/0030-5073(83)90156-3
[7]
Baden-Fuller, C., & Haefliger, C. (2013). Business models and technological innovation. Long Range Planning, 46(6), 419-426. https://doi.org/10.1016/j.lrp.2013.08.023 10.1016/j.lrp.2013.08.023
[8]
Bahadur, W., Aziz, S., & Zulfiqar, S. (2018). Effect of employee empathy on customer satisfaction and loyalty during employee-customer interactions: The mediating role of customer affective commitment and perceived service quality. Cogent Business & Management, 5(1), 1491780. https://doi.org/10.1080/23311975.2018.1491780 10.1080/23311975.2018.1491780
[9]
Balderjahn, I., Lee, M. S. W., Seegebarth, B., & Peyer, M. (2020). A sustainable pathway to consumer wellbeing. The role of anticonsumption and consumer empowerment. Journal of Consumer Affairs (JCA), 54(2), 456-488. https://doi.org/10.1111/joca.12278 10.1111/joca.12278
[10]
Business sustainability: It is about time

Pratima Bansal, Mark R. DesJardine

Strategic Organization 10.1177/1476127013520265
[11]
Bauman, A., & Bachmann, R. (2017). Online consumer trust: Trends in research. Journal of Technology Management & Innovation, 12(2). https://doi.org/10.4067/S0718-27242017000200008 10.4067/s0718-27242017000200008
[12]
Bocken, N., & Konietzko, J. (2022). Circular business model innovation in consumer-facing corporations. Technological Forecasting and Social Change, 185, 122076. https://doi.org/10.1016/j.techfore.2022.122076 10.1016/j.techfore.2022.122076
[13]
Bocken, N., Short, S. W., Rana, P., & Evans, S. (2013). A value mapping tool for sustainable business modeling. Corporate Governance International Journal of Business in Society, 13(5), 482-497. https://doi.org/10.1108/CG-06-2013-0078 10.1108/cg-06-2013-0078
[14]
Bolton, R. N. (1998). A dynamic model of the duration of the customer's relationship with a continuous service provider: The role of satisfaction. Marketing Science, 17(1), 4-89. https://doi.org/10.1287/mksc.17.1.45 10.1287/mksc.17.1.45
[15]
Bolton, R. N., & Drew, J. H. (1991). A multistage model of customers' assessments of service quality and value. Journal of Consumer Research, 17(4), 375-384. https://doi.org/10.1086/208564 10.1086/208564
[16]
Buell, R. W., & Kalkanci, B. (2019). How transparency into internal and external responsibility initiatives influences consumer choice: Evidence from the field and lab. Harvard Business School. https://doi.org/10.2139/ssrn.3385443 10.2139/ssrn.3385443
[17]
Carlson, J. P., & Paul, I. (2022). Pick a card: Price ranges and gift card choice. Journal of Retailing and Consumer Services, 65, 102871. https://doi.org/10.1016/j.jretconser.2021.102871 10.1016/j.jretconser.2021.102871
[18]
Carù, A., & Cugini, A. (1999). Profitability and customer satisfaction in services: An integrated perspective between marketing and cost management analysis. International Journal of Service Industry Management, 10(2), 132-157. https://doi.org/10.1108/09564239910264316 10.1108/09564239910264316
[19]
Chakraborty, D., Siddiqui, A., Siddiqui, M., Rana, N. P., & Dash, G. (2022). Mobile payment apps filling value gaps: Integrating consumption values with initial trust and customer involvement. Journal of Retailing and Consumer Services, 66, 102946. https://doi.org/10.1016/j.jretconser.2022.102946 10.1016/j.jretconser.2022.102946
[20]
Chang, K., Chen, M., Hsu, C., & Kuo, N. (2010). The effect of service convenience on post‐purchasing behaviors. Industrial Management & Data Systems, 110(9), 1420-1443. https://doi.org/10.1108/02635571011087464 10.1108/02635571011087464
[21]
Chopra, K. (2014). Empirical study on role of customer service in delivering satisfaction at branded retail outlets in pune. Procedia Economics and Finance, 11, 239-246. https://doi.org/10.1016/S2212-5671(14)00192-0 10.1016/s2212-5671(14)00192-0
[22]
Coltman, T., Devinney, T. M., & Midgley, D. F. (2010). Customer relationship management and firm. Performance, Journal of Information Technology, 26(3), 205-219. https://doi.org/10.1057/jit.2010.39 10.1057/jit.2010.39
[23]
Considine, E., & Cormican, K. (2016). Self-service technology adoption: An analysis of customer to technology interactions. Procedia Computer Science, 100, 103-109. https://doi.org/10.1016/j.procs.2016.09.129 10.1016/j.procs.2016.09.129
[24]
Crant, J. M. (2000). Proactive behavior in organizations. Journal of Management, 26(3), 435-462. https://doi.org/10.1177/014920630002600304 10.1177/014920630002600304
[25]
Cravo, T. A., & Piza, C. (2019). The impact of business-support services on firm performance: A meta-analysis. Small Business Economics, 53, 753-770. https://doi.org/10.1007/s11187-018-0065-x 10.1007/s11187-018-0065-x
[26]
Deery, S. J., & Nath, V. (2015). Customer service work, employee well‐being, and performance. In Managing human resources: Human resource management in transition (pp. 100-122). https://doi.org/10.1002/9781119208235.ch6 10.1002/9781119208235.ch6
[27]
Drigas, A., Leliopoulos, P. (2013). Business to Consumer (B2C) e-commerce decade evolution. International Journal of Knowledge Society Research, 4(4), 1-10. https://doi.org/10.4018/ijksr.2013100101 10.4018/ijksr.2013100101
[28]
Evans, S., Vladimirova, D., Holgado, M., Van Fossen, K., Yang, M., Silva, E., Barlow, C. Y. (2017). Business model innovation for sustainability: Towards a unified perspective for creation of sustainable business models. Business Strategy and the Environment, 26(5), 597-608. https://doi.org/10.1002/bse.1939 10.1002/bse.1939
[29]
Freeman, C. (1973). A study of success and failure in industrial innovation. In B. R. Williams (Eds.), Science and technology in economic growth. International Economic Association Conference Volumes, Numbers 1-50. Palgrave Macmillan. https://doi.org/10.1007/978-1-349-01731-7_9 10.1007/978-1-349-01731-7_9
[30]
Gao, F., & Chen, J. (2015). The role of discount vouchers in market with customer valuation uncertainty. Production and Operations Management, 24(4), 665-679. https://doi.org/10.1111/poms.12296 10.1111/poms.12296
[31]
Gong, M., Gao, Y., Koh, L., Sutcliffe, C., & Cullen, J. (2019). The role of customer awareness in promoting firm sustainability and sustainable supply chain management. International Journal of Production Economics, 217, 88-96. https://doi.org/10.1016/j.ijpe.2019.01.033 10.1016/j.ijpe.2019.01.033
[32]
Guerola-Navarro, V., Oltra-Badenes, R., Gil-Gomeza, H., Iturricha Fernández, A. (2021). Customer relationship management (CRM) and Innovation: A qualitative comparative analysis (QCA) in the search for improvements on the firm performance in winery sector. Technological Forecasting and Social Change, 169, 120838. https://doi.org/10.1016/j.techfore.2021.120838 10.1016/j.techfore.2021.120838
[33]
Harris, P. (2007). We the people: The importance of employees in the process of building customer experience. Journal of Brand Management, 15, 102-114. https://doi.org/10.1057/palgrave.bm.2550123 10.1057/palgrave.bm.2550123
[34]
Hartline, M. D., & Ferrell, O. C. (1996). The management of customer-contact service employees: An empirical investigation. Journal of Marketing, 60(4), 52-70. https://doi.org/10.2307/1251901 10.2307/1251901
[35]
Hayashi, K., & Arav, M. (2006). Bayesian factor analysis when only a sample covariance matrix is available. Educational and Psychological Measurement, 66(2), 272-284. https://doi.org/10.1177/0013164405278583. 10.1177/0013164405278583
[36]
Heinonen, K. (2011). Consumer activity in social media: Managerial approaches to consumers' social media behavior. Journal of Consumer Behaviour, 10(6), 356-364. https://doi.org/10.1002/cb.376 10.1002/cb.376
[38]
Hogreve, J., Iseke, A, & Derfuss, K. (2021). The service-profit chain: Reflections, revisions, and reimaginations. Journal of Service Research, 25(3), 460-477. https://doi.org/10.1177/10946705211052410 10.1177/10946705211052410
[39]
Holma, M. , & Ax, C. (2020). The interactive effect of competition intensity and customer service competition on customer accounting sophistication - Evidence of positive and negative associations. Management Accounting Research, 46, 100644. https://doi.org/10.1016/j.mar.2019.07.001 10.1016/j.mar.2019.07.001
[40]
Huselid, M. A. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of Management Journal, 38(3), 635-872. https://doi.org/10.5465/256741 10.5465/256741
[41]
Inderst, R. (2011). Consumer protection and the role of advice in the market for retail financial services. Journal of Institutional and Theoretical Economics JITE, 167(1), 4-21. https://doi.org/10.1628/093245611794656417 10.1628/093245611794656417
[42]
Inderst, R., & Ottaviani, M. (2010). Consumer protection in markets with advice. Competition Policy International, 6(1).
[43]
Izogo, E. E., & Jayawardhena, C. (2018). Online shopping experience in an emerging e-retailing market: Towards a conceptual model. The Journal of Consumer Behaviour, 17(4), 379-392. https://doi.org/10.1002/cb.1715 10.1002/cb.1715
[44]
Jiang, Z.-Z., Feng, G., Zelong Yi, Z., & Guo, X. (2022). Service-oriented manufacturing: A literature review and future research directions. Frontiers of Engineering Management (FEM), 9(1), 71-88. https://doi.org/10.1007/s42524-021-0171-3 10.1007/s42524-021-0171-3
[45]
Korsakiene, R. (2009). The innovative approach to relationships with customers. Journal of Business Economics and Management, 10(1), 53-60. https://doi.org/10.3846/1611-1699.2009.10.53-60 10.3846/1611-1699.2009.10.53-60
[46]
Küster, I., Vila, N., & Canales, P. (2016). How does the online service level influence consumers' purchase intentions before a transaction? A formative approach. European Journal of Management and Business Economics, 25(3), 111-120. https://doi.org/10.1016/j.redeen.2016.04.001 10.1016/j.redeen.2016.04.001
[47]
Larson, A. L., Teisberg, E. O., & Johnson, R. R. (2000). Sustainable business: Opportunity and value creation. Interfaces, 30(3), 1-12. https://doi.org/10.1287/inte.30.3.1.11658 10.1287/inte.30.3.1.11658
[48]
Understanding Customer Experience Throughout the Customer Journey

Katherine N. Lemon, Peter C. Verhoef

Journal of Marketing 10.1509/jm.15.0420
[49]
Li, J., Luo, S., & Zhou, G. (2022). Document details - electronic payment, natural environment, and household consumption: Evidence from China Household Finance Survey. SSRN. https://doi.org/10.2139/ssrn.4197205 10.2139/ssrn.4197205
[50]
Lulaj, E. (2021). Quality and reflecting of financial position: An enterprises model through logistic regression and natural logarithm. Journal of Economic Development, Environment and People, 10(1).

Showing 50 of 93 references

Cited By
23
Metrics
23
Citations
93
References
Details
Published
May 09, 2023
Vol/Issue
21(01)
Pages
19-47
Cite This Article
Enkeleda Lulaj (2023). A SUSTAINABLE BUSINESS PROFIT THROUGH CUSTOMERS AND ITS IMPACTS ON THREE KEY BUSINESS DOMAINS: TECHNOLOGY, INNOVATION, AND SERVICE (TIS). Business, Management and Economics Engineering, 21(01), 19-47. https://doi.org/10.3846/bmee.2023.18618
Related

You May Also Like

How macroeconomic factors impact residential real estate prices in Eastern Europe

Laima Okunevičiūtė Neverauskienė, Dominykas Linkevičius · 2025

6 citations