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What is Virtual Relationship Platforms

Developing Successful Global Strategies for Marketing Luxury Brands
The virtual relationship platforms (online and mobile) are powerful tools to engage customers in their shopping journey. The main strength of the virtual relationship platforms is their ability to switch from the top-down relationship to a bottom-up one, where customers play a leading role.
Published in Chapter:
Examining the Integration of Virtual and Physical Platforms From Luxury Brand Managers' Perspectives
Paola Peretti (The IULM University, Italy), Valentina Chiaudano (University of Turin, Italy), and Mohanbir Sawhney (Kellogg School of Management, Northwestern University, USA)
DOI: 10.4018/978-1-7998-5882-9.ch003
Abstract
“The internet dilemma” was the concept used to describe luxury brand companies' initial reluctance to integrate online technologies into their business model. However, over time, luxury brand companies have understood that moving towards digital transformation is the only way to survive on the market and appeal to the new luxury brand consumers. In a few years, digitalisation has become a priority for all luxury brand companies that started to integrate digital and physical platforms to engage consumers through all touchpoints of their shopping journey. In light of the topic's relevance and considering the primary focus of research on consumers, this chapter aims to deepen the digitalisation phenomenon in the luxury market involving the little-explored luxury brand managers' perspective. The authors conducted a longitudinal study to compare the main changes in integrating digital and physical platforms from the managers' perspective between 2014 and 2020. In this endeavour, they also considered how the COVID-19 pandemic had affected luxury brand companies' digitalisation.
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