Title of article :
An Integrated Entropy/VIKOR Model for Customer Clustering in Targeted Marketing Model Design (Case Study: IOT Technology Services Companies)
Author/Authors :
Barati Teimouri, Hossein Department of Management - Torbat-e-Heidarieh Branch - Islamic Azad University - Torbat-e-Heidarieh, Iran , Gharibi, Jalil Department of Management - Torbat-e-Heidarieh Branch - Islamic Azad University - Torbat-e-Heidarieh, Iran , Hossein Zadeh, Ali Department of Management - Torbat-e-Heidarieh Branch - Islamic Azad University - Torbat-e-Heidarieh, Iran , Pooya, Alireza Department of Management - Torbat-e-Heidarieh Branch - Islamic Azad University - Torbat-e-Heidarieh, Iran
Abstract :
Today, marketing researchers are constantly trying to carefully examine consumer
behavior and accordingly, provide appropriate solutions for better and
more effective sales, which in turn will lead to an increase in their market share.
In this regard, the purpose of this study is to investigate the role of customer clustering
in the design of a targeted marketing model. The research method is applied
and exploratory. The statistical population studied in the qualitative section was
sales and marketing managers of companies providing Internet of Things technology
services, and 15 people were selected for interviews by non-random and
available methods. In the quantitative section, all the customers of the studied
companies were included, and due to the unlimited nature of the society with
Morgan's table, 384 people were selected as the sample size. The data collection
tools in this study were interviews and questionnaires, which used the opinions
of marketing experts and reliability of Cronbach's alpha to examine the validity
of the questionnaire. In order to analyze the data, first decision methods such as
entropy and VIKOR were used and then to analyze the results, structural equations
obtained with PLS2 software were used. The results showed that the dimensions
of the model in question fall into four main clusters, communicational factors,
behavioral factors, individual factors and economical factors that customers
are classified according to the characteristics of using the services provided, are
classified in these clusters.
Keywords :
Marketing , Targeted Marketing , Entropy , VIKOR , Customer Clustering , Internet of Things
Journal title :
Advances in Mathematical Finance and Applications