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Course of studies
Frugality has become a prerequisite for success in a low-resource environment, a reality exacerbated by the COVID-19 pandemic and the war in Ukraine. When it comes to consumer needs, the priorities affordability and functionality are increasingly coming into focus. This study examines how frugal products are performing in developed markets, whether they meet consumer needs, and ultimately if there is a demand for these products.
The aim of this paper is to assess the status of Frugal Innovation (FI) in developed markets, using Germany as an example, and thus consumer behavior, in order to better evaluate the current status and related potentials based on this. The link between FI and environmental and social sustainability can be traced back to and limited to the minimal use of resources. Against the backdrop of the current economic and political situation, these factors represent one of the most significant competitive advantages of today.
This multi-method experiment helps to understand the consumer behavior towards frugal products as well as the opinions and attitude towards it. As a result, it can be said that there is interest in innovation in general as well as FI. The respective buying decisions were balanced, what means that frugal products do not necessarily outperform non-frugal ones, but they are in strong competition. It can be concluded that there will be an increasing demand for frugal products in developed markets such as Germany, especially for certain product categories.
This thesis investigates the effect choice options in e-commerce applications have on consumers’ decision making. Previous research showed that a large number of options
can affect consumers negatively. However, the conditions for such choice overload are unclear. After reviewing the existing research, the amount of information (entropy)
contained in a choice set and individual differences were determined as possible influencing factors in an online environment. In a choice experiment, choice sets with
varying information loads and an assessment of the Big Five personality traits were used to test the impact of the two identified factors on choice avoidance behavior. Results from chi-square-tests and a logistic regression model suggest choice overload but without entropy having an effect. A logistic regression model revealed that extraverted consumers are easier overloaded. A low Neuroticism score was found to be related to less occurrence of a too-much-choice-effect. Consumers with a high Openness score on the other hand choose one of the presented options more often and were therefore less often
overwhelmed by the assortment. An interaction effect between personality and the amount of entropy was not found. These findings extend the research on choice overload and offer valuable input for marketers targeting consumers online.
Rising globalization and digitization resulted in crises for the fashion industry. High competition and the interconnectedness of the consumers rule the market and put it under pressure. Owing to the growing power consumers possess, the requirements towards the fashion players are increasing. Customer experience is frequently discussed these days by academics as well as practitioners and emphasized as a competitive advantage. Yet, it is difficult to measure and to track its consequences.
Since customer experience is elusive and no industry specific measurement scale is defined, at first this work aims to identify relevant touch points of customer experience in the fashion industry by dint of a focused interview. The further objective of this paper is to enhance the comprehension of the touch points’ effects or rather the relationship of customer experience with brand loyalty. This is approached by a questionnaire based on the preceding qualitative analysis and the resulting model. This model defines the customer experience touch points as the independent variables while brand loyalty is examined as the dependent variable. The conducted linear regression analysis reveals a moderate effect of customer experience on brand loyalty and the touch points concerning the products as most relevant in this relationship. Additionally, the digitization aspect is addressed by the examination of the relationship in the offline and online channels separately. With respect to this, the present study recognizes that the extent of the customer experience’s impact on brand loyalty and the significant touch points vary across channels to a certain degree.