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Consumer Savvy: Conceptualisation and Measurement.

By Emma K. Macdonald and Mark D. Uncles

Abstract

The notion of savvy consumers increasingly appears in the e-marketing and e-management literatures, usually in discussions about the importance of consumer-centricity. A synthesis of the literature identifies six broad characteristics of these savvy consumers: they are enabled by competencies in relation to technological sophistication, interpersonal networking, online networking and marketing/advertising literacy, and they are empowered by consumer self-efficacy and by their expectations of firms. This understanding of consumers is formalised by developing a SAVVY scale. Standard scale development procedures are applied using a sample from an online panel of consumers. As part of the process of validating the new scale, comparisons are made with related, established scales -- focusing on measures of consumer advantage (persuasion knowledge and market mavens) and consumer disadvantage (confusion arising from over-choice and vulnerability at the shopping interface). Our findings show the value of formal, empirically-grounded measures of consumer savvy, something that has been absent from many previous commentaries on the characteristics of savvy new consumers

Topics: Consumer-centricity, consumer savvy, savvy consumers, e-marketing, scale development
Publisher: Westburn Publishers
Year: 2007
OAI identifier: oai:dspace.lib.cranfield.ac.uk:1826/2995
Provided by: Cranfield CERES
Journal:

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