Posts

19.04.2022 │ Pricing as a Strategic Success Factor at Hansgrohe

In a company like Hansgrohe, there are some special challenges for pricing. Vertical pricing strategies must be designed from distribution partners and specialist dealers to craft businesses. Frederik Wurr, Senior Project Manager Global Sales Pricing, introduces the company Hansgrohe and reports on pricing processes in practice.

Date: 19.04.2022
Time: 18:00 – 19:30
Location: PFH Private University Göttingen, Weender Landstraße 3-7, 37073 Göttingen
Please register at Riekhof@nullpfh.de

Information about Hansgrohe/Homepage
https://www.hansgrohe.de/

16.05.2022 │ Göttingen – Media Staging –TVN as a Service Provider in the Media Business

On Monday, 16.05.2022, Frank Haehnel, CEO of TVN Group Hannover, will give a lecture on the topic of “Media Staging –TVN as a Service Provider in the Media Business”. The target audience includes alumni of PFH Private University Göttingen as well as external interested visitors. The event starts at 6:00 PM.

Location:
PFH Private University Göttingen, Weender Landstraße 3-7, 37073 Göttingen

Registration for alumni of PFH and external guests please by email to riekhof@nullpfh.de.

Further information about the TVN Group:
https://www.tvn.de

Food Newspaper Reports on Instore Navigation at Hagebau

The Food Newspaper currently reports on the recently introduced system of instore navigation at Hagebau. With this technology, controlled via a smartphone app, customers can find their way around the hardware store better.

As reported, customers at Hagebau dealer Wigger from Neumünster can be guided through the market to the desired product by instore navigation. This is linked to offers and additional information that customers receive directly on their mobile phones at the shelf. This was realized by the company locandis from Hamburg, which specializes in technology, conception and strategies for solutions around location-based marketing, indoor navigation, digital customer cards and more.

The Food Newspaper refers in its article to the finding of experts that the technology is still waiting for its breakthrough. Thus, Prof. Hans-Christian Riekhof, Mathieu Grüneklee and Leon Reutel in 2021 conducted a study for the Private University of Göttingen (PFH) among executives in retail on the topic of instore navigation in German retail. The enormous potential of the technology for stationary retail also became clear.

Further links

Full article in the Food Newspaper (Paywall):
https://www.lebensmittelzeitung.net/tech-logistik/nachrichten/per-kunden-app-hagebau-lotst-per-instore-navigation-161283?crefresh=1

Hardware store: Instore Navigation offers targeted finding of products:
https://www.unicconsult.com/baumarkt-instore-navigation-bietet-zielsicheres-finden-von-produkten/

Article on the homepage of the company locandis:
https://www.locandis.de/instore-navigation-mit-der-app-durch-den-baumarkt/

The PFH Private University of Göttingen recently published a study on instore navigation in retail:
“Instore Navigation in German Retail” (Riekhof, Grüneklee, Reutel, 2021)

One-to-One Magazine Reports on Study on Instore Navigation in Retail

The online marketing magazine One-to-One has now reported in detail on the study on instore navigation in German retail. With a view to digitization in stationary retail, the PFH Private University of Göttingen scientifically examined the role of contemporary tools such as instore navigation and digital customer cards. The diverse opportunities that arise from their use, such as generating more sales and important customer data, remain largely unused, the expert survey found.

For the purpose of researching the contribution that digital customer cards and instore navigation can make to building a digital dialogue with customers on site, facilitating their product search and gaining strategically important insights for their own business model, experts in retail were surveyed in March and April 2021. 66 people took part in the survey.

According to the survey, almost half (46 percent) of the companies surveyed have already implemented digital customer cards. Another 11 percent are planning them. Hans-Christian Riekhof, Professor of International Marketing at PFH and one of the authors of the study, concludes that most companies primarily aim to make the shopping experience more pleasant. “Location-based marketing and couponing, customer surveys directly at the scene and similar functions that digital customer cards also offer seem to play a secondary role from the perspective of the managers surveyed.”

Overall, the survey made it clear that brick-and-mortar retail has a need to catch up in terms of digitization compared to the booming online retail.

Links:

Full article in the online marketing magazine One-to-One
https://www.onetoone.de/artikel/db/869630frs.html

More about the study
“Instore Navigation in German Retail” (Riekhof, Grüneklee, Reutel, 2021)

More on the topic of location based marketing, instore navigation, digital customer cards
www.locandis.de

Hardware Store Manager Magazine picks up study “Instore Navigation in German Retail”

The digital trade journal Hardware Store Manager picks up the current study “Instore Navigation in German Retail” in an article. As part of an expert survey, Prof. Dr. Hans-Christian Riekhof, Professor of International Marketing at the PFH, together with two other authors from the PFH, examined for the university what contribution digital customer cards and the associated instore navigation can make to the digitization of stationary retail, such as facilitating product search in large sales areas like hardware stores. The magazine has now published some research results.

Under the headline “Study: Retail gives away chance for additional sales at the shelf”, the magazine essentially summarizes as follows: There is still room for improvement in the exploitation of digital possibilities in stationary retail in Germany. The survey among retail managers made it clear that only just under half (46 percent) of the companies surveyed by the researchers have already used or are using digital customer cards, this is planned by 11 percent.

Most companies are primarily concerned with making the shopping experience more pleasant for customers. “Location-based marketing and couponing, customer surveys directly at the scene and similar functions that digital customer cards also offer, seem to play a secondary role from the perspective of the surveyed managers”, Riekhof is quoted.

Links:

Article in Hardware Store Manager:
https://www.baumarktmanager.de/studie-handel-verschenkt-chance-auf-zusatzumsaetze-am-regal/150/84280/

Article in Hardware Store Manager as pdf:
Study: Retail gives away chance for additional sales at the shelf

More about the study “Instore Navigation in German Retail”:
https://www.unicconsult.com/referenz/instore-navigation-im-deutschen-einzelhandel-eine-expertenbefragung/

Instore Navigation: Expert Survey Results Report

An expert survey on the topic of Instore Navigation was conducted as part of the ERDF-funded DeepNav project by the PFH Private University of Göttingen. The results are now available.

Background: In contrast to online retail, digitization in stationary retail is progressing more slowly. This raises the question of a consistent implementation of accompanying digital communication concepts with the customer on site, especially for stationary store concepts. Instore Navigation, controlled by company-specific apps on smartphones, offers a range of options to practically support customers and improve the shopping experience, such as by facilitating product search.

Among other things, it was examined what contribution Instore Navigation makes in large-scale stationary retail to establish a digital customer dialogue on site. Can this generate exciting insights for retail? What role do app-based customer cards play, with which customers can be delivered promotional information directly at the shelf via push messages? How is this topic area assessed by experts, from the perspective of the companies?

The study basically shows two things: retail is at most at the beginning of a digitization of the customer experience in the stores, but there are also very concrete considerations visible on how to integrate Instore Navigation into this digitization process.

The study was created by Prof. Dr. Hans-Christian Riekhof, Professor of International Marketing at the PFH Private University of Göttingen, supported by the PFH graduates Mathieu Grüneklee and Leon Reutel.

Here you can read the results:

Further links:

Top Managers Provide Marketing Insights: at Fraport AG, at Google Germany and the Otto Group

And the journey continues with new exciting marketing insights from practice at the PFH Private University of Göttingen. For the summer semester 2021, Hans-Christian Riekhof, Professor of International Marketing, has once again succeeded in winning top managers from renowned companies for informative lectures at the university. The decision-makers provide informative insights into their marketing strategies – this time at the Otto Group, Fraport AG and Google Germany. Below is an overview of the dates with the respective topics.

26.04.2021
Direct-to-Consumer Marketing. More important and easier than ever! How direct consumer activation pays off for brand manufacturers.
Sebastian Grantz | Industry Manager Consumer Brands & Tech | Google Germany GmbH
LinkedIn: https://de.linkedin.com/in/sebastiangrantz
18.00-19.30 Uhr | Auditorium / BB Raum Riekhof

03.05.2021
The Transformation of the Otto Group to a Platform

Mathias Stüben | Principal Platform Business | Otto GmbH & Co KG
LinkedIn: https://de.linkedin.com/in/mathias-st%C3%BCben-3666a9101
18.00 – 19.30 Uhr | Auditorium / BB Raum Riekhof

31.05.2021
Digitalization as a Way Out of the Crisis
Claus Grunow | VP Corporate Strategy & Digitalization | Fraport AG
LinkedIn: https://de.linkedin.com/in/claus-grunow
18.00 – 19.30 Uhr | Auditorium / BB Raum Riekhof

14.06.2021
Digital transformation at global player Symrise
Heiko Reinhard | Chief Information Officer | Ottobock SE & Co. KGaA
LinkedIn: https://www.linkedin.com/in/hreinhard
18.00-19.30 Uhr | Auditorium / BB Raum Schüle

Guests are warmly welcome. Registration required, please by email to Laukamm@nullpfh.de

Location:
PFH Private University of Göttingen
Weender Landstraße 3-7
37073 Göttingen

More information about the PFH Private University of Göttingen

Photo: pixabay.com

Auto-Media Portal Reports on Connected Car Study

The study by the Private University of Göttingen (PFH) on the topic of “Connected Car Services in Germany” has now also prompted the online author network Auto-Media Portal.net to report on it. The portal has identified as focal points the high number of respondents, 82 percent, who see great potential in the connectivity of vehicles, as well as the still pronounced concerns regarding data security and the use of data by the companies involved in the technology, as determined by empirically collected questions.

“What happens to the data that modern vehicles collect and store on the go? The fight for this data, the ‘gold rush’ of the 21st century, is already underway,” it says. Various interest groups demanded access here because this information formed the basis for future business models. So far, however, only the car manufacturers have had access to the drivers’ data, who in turn claimed sovereignty over it.

The study was conducted by Professor Hans-Christian Riekhof and Marc Scholz for the Private University of Göttingen PFH in the spring of 2020. A total of 534 people participated.

Links on the topic:

Complete article in Auto-Media Portal.net:
https://www.unicconsult.com/wp-content/uploads/2021/01/Connected-Car-Services-Studie-in-auto-medienportal.pdf

Read the study “Customer Insights: Connected Car Services in Germany” (pdf):
https://www.unicconsult.com/wp-content/uploads/2020/07/PFH-Studie-Connected-Car-Services-Riekhof-Scholz-2020.pdf

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