Case study: when you have to choose between core and new customers
Journal
Harvard Business Review
Subject
Marketing
Publishing details
Authors / Editors
Bertini M;Tavassoli N T
Biographies
Publication Year
2017
Abstract
In this fictional case study, the new CMO of a company that runs extreme races, combining aspects of ultramarathons and military-style obstacle courses, is on the hook to come up with a way to further monetize the underexploited brand while also fixing customer pain points around the registration process. The solution she and the COO have come up with – a premium membership that allows diehard fans to buy early access to race registration – isn’t being well received in initial online tests. Should the company pull the plug or move forward potentially upsetting the company’s small group of most loyal customers?
Keywords
Pricing
Available on ECCH
No