Authenticity: What Consumers Really Want

DIAMOND
RATING
Senteo Rating 4.0
04/27/23
views 16987
comments0
Author:James H. Gilmore, B Joseph Pine II
04/27/23
views 16988
comments0
Author:James H. Gilmore, B Joseph Pine II
DIAMOND
RATING
Senteo Rating 4.0

Authenticity: What Consumers Really Want
James H. Gilmore, B Joseph Pine II, Harvard Business School Press, 2007
Senteo’s Review information

In their follow-up to such seminal works as The Experience Economy (see Senteo review), Gilmore and Pine focus on the challenge of how to get and keep profitable customers.

Marketers need to address the problem of managing the perceptions of “real” or “fake” held by the consumers of an enterprise’s output. People increasingly make purchases based on how real or fake they perceive offerings, or how well a particular offering conforms to a customer’s self-image.  The authors give many examples of “real” and “fake” offerings, such as Disney and Starbucks.
The approach to “rendering authenticity” involves: exploring and defining your identity, or what it is “you will be true to;” defining your total offering “to be what you say it is;” and the possibility of joining these two together for forming a more powerful, authentic offering. The authors provide some new frameworks to their previous works, such as 5 Genres of Perceived Authenticity: natural authenticity (commodities); original authenticity (goods); exceptional authenticity (services); referential authenticity (experiences); and influential authenticity (transformations). Consumers in the Experience Economy, where everything seems more and more contrived, crave Authenticity, the new buzzword for the 21st century.

This book is essential reading for those interested in strategy and the previous works concerning customer experience. Authenticity creates a metric for further work concerning the measurement of customer experience. There are numerous examples of defining your company’s strategy for authenticity and how to carry it from strategy to implementation.

The book is highly theoretical in nature and comes across as somewhat academic (as opposed to a management book), in devoting so much explanation to what it means to be authentic. Examples include “understanding the physical reality: Minkowski space (a physicist’s construct). This makes the book a difficult read at times.

In 1998, Pine and Gilmore identified “experiences” as economic offerings distinct from commodities, products, and services. In so doing, they launched an entire field of consulting in “experiential marketing” and “experience management.” Since then, they have been studying how consumers determine the value of their paid-for experiences. One trait has risen to prominence: authenticity. How authentic is the experience? Is it what they expected? Why or why not? The authors introduce the concept of perceived authenticity, or how a consumer experiences a product, service, environment, communication, or person. Therefore, businesses must understand what it means to “render authenticity” in their consumer offerings and outreach, and they must learn to manage the process of, and excel at, rendering authenticity and behaving authentically. This book is arguably the first to provide some practical business advice and talking points for managers and marketers.

This book provides a theoretical framework for businesses to refine their offerings by “rendering authenticity,” and thereby convincing the consumer that their product or service is authentic. Good examples including Starbucks, Disney and the Geek Squad. It is also full of frameworks for understanding, such as the 10 Elements of Authenticity.

Senteo Subject Category
Senteo

This book provides a theoretical framework for understanding Authenticity and opportunites for development of strategy and improvement. It also provides some useful frameworks for the design and implementation of this new model (10 Elements of Authenticity).

The best book reviews in your inbox!
Subscribe now and receive a special gift with your subscription.


    Leave a Reply

    Authenticity: What Consumers Really Want
    James H. Gilmore, B Joseph Pine II, Harvard Business School Press, 2007
    Have you already read this book?
    Here, are people invited to rate the book?

    How useful was this post?

    Click on a star to rate it!

    Average rating / 5. Vote count:

    No votes so far! Be the first to rate this book.

    See content on this topic

    Ian Newman looks back on several years of rapid change in brand and communications in the Russian market, as well as offering his insights into future developments and trends.
    While businesses have focused on younger segments, Baby Boomers have quietly continued shopping. Shannon Quilty explains how the quality of in-person interaction is the key to winning older customers.
    Michael Ruckman Talks about Customer-Centric Business Models
    What is the difference between retention and loyalty, and between customer-centric and relationship-centric business models? How exactly can one monetize customer experience? Michael Ruckman answers these questions and more…
    Voice On Demand Retail Podcast: Part 2 – The three faces of Digital for Retailers
    Michael Ruckman talks about Customer Experiences & Customer Journeys, The three faces of Digital for Retailers and the state of leadership in the retail market today.
    How to Build a Business That Lasts 100 Years
    Join strategist Martin Reeves as he explains how executives can apply six principles from living organisms to build resilient businesses that flourish in the face of change.
    Start With Why: How Great Leaders Inspire Everyone To Take Action
    Simon Sinek explains that starting with ‘why’, having a strong driving motivation behind the work you do, can be the deciding factor between success and failure for a business venture.
    Senteo Rating
    Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization
    Senteo Rating
    Game On: Energize Your Business with Social Media Games
    Related Book Reviews & Education
    Author Paul Gibbons explores organizational change from the “modern” perspective, incorporating mindfulness, behavioral economics, sociology, and complexity theory. Paul Gibbons is a former investment banker, consultant, professor, and CEO.
    Sifting through 25 years’ worth of Gallup surveys, Marcus Buckingham and Curt Coffman analyzed managers from companies large and small to dissect what it is that successful managers do.
    Joseph Pine and James Gilmore’s all-time classic is a must read book for anyone interested in the Experience Economy, how it works, and how it adds value.
    Sorensen provides a behavioral psychology perspective on shopping and lessons for success in retail. He has spent 40 years working with retailers and consumer goods companies to develop his methodology.