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Marketing Strategies in Virtual Worlds

Marketing Strategies in Virtual Worlds Lui , T.-W., Piccoli , G., & Ives, B. (2007). Marketing strategies in virtual worlds. SIGMIS Database, 38(4), 77-80. Thursday, 29-July-2010 Kilen 2.75, CBS, Frederiksberg, Denmark DØK HU2D - Internet Marketing: Lecture 32

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Marketing Strategies in Virtual Worlds

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  1. Marketing Strategies in Virtual Worlds Lui, T.-W., Piccoli, G., & Ives, B. (2007). Marketing strategies in virtual worlds. SIGMIS Database, 38(4), 77-80. Thursday, 29-July-2010 Kilen 2.75, CBS, Frederiksberg, Denmark DØK HU2D - Internet Marketing: Lecture 32 Course Webpage: http://www.itu.dk/people/rkva/2010-Summer-IM/ Facebook Group: http://www.facebook.com/group.php?gid=133258548012 Etherpad: http://ietherpad.com/d5mBZdMDe6

  2. Empirical Findings Virtual Worlds Can: Enhance Telepresence Positively Influence Product Knowledge Brand Attitude Purchase Intention Test Product Designs

  3. Two Theories Cognitive Fit Theory Media Richness Theory

  4. Cognitive Fit Theory “Virtually high experiential products should have a stronger moderating effect on the impact of virtual reality” “Moderating effects of product’s visual and auditory cues on the relationships between a virtual reality interface and product knowledge and purchase intention” (p. 78)

  5. Media Richness Theory “According to media richness theory (Daft, Lengel, & Trevino, 1987), the richness of a medium depends on the medium's capacity for immediate feedback, the number of cues available, language variety; and personalization. Hence, products and services that require communication between customers and companies, such as planning a trip or building a house, should have stronger moderating effects on the impact of virtual reality due to the capacity for immediate feedback, the availability of more cues and the ability to offer personalized interaction.” (p. 78)

  6. Virtual Product Attributes

  7. Discussion

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