The product is me: Hyper-personalized consumer goods as unconventional luxury
This study explores hyper-personalized wellness products (e.g., facial serum, custom-prepared meals, vitamins) as unconventional luxury products. Hyper-personalized consumer goods are those in which a consumer's genetic composition, or DNA, is used in the manufacturing process. Given that hyper...
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Veröffentlicht in: | Journal of business research 2021-05, Vol.129, p.446-454 |
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creator | Rosenbaum, Mark S. Ramirez, Germán Contreras Campbell, Jeffrey Klaus, Philipp |
description | This study explores hyper-personalized wellness products (e.g., facial serum, custom-prepared meals, vitamins) as unconventional luxury products. Hyper-personalized consumer goods are those in which a consumer's genetic composition, or DNA, is used in the manufacturing process. Given that hyper-personalized products emphasize high quality and uniqueness and garner premium prices, this study conceptualizes these products as representing contemporary, unconventional luxury. Three studies empirically demonstrate the extent to which consumers allocate price premiums to three different hyper-personalized consumer products in terms of functionally compared with a mass-produced equivalent. The results reveal that consumers believe that hyper-personalized products are worth premium prices, regardless of their desire to own these products. Whether hyper-personalized products are truly more beneficial to consumer well-being than their mass-produced counterparts remains unknown however. The article concludes with theoretical and research implications, as well as research directives. |
doi_str_mv | 10.1016/j.jbusres.2019.05.017 |
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Hyper-personalized consumer goods are those in which a consumer's genetic composition, or DNA, is used in the manufacturing process. Given that hyper-personalized products emphasize high quality and uniqueness and garner premium prices, this study conceptualizes these products as representing contemporary, unconventional luxury. Three studies empirically demonstrate the extent to which consumers allocate price premiums to three different hyper-personalized consumer products in terms of functionally compared with a mass-produced equivalent. The results reveal that consumers believe that hyper-personalized products are worth premium prices, regardless of their desire to own these products. Whether hyper-personalized products are truly more beneficial to consumer well-being than their mass-produced counterparts remains unknown however. 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Hyper-personalized consumer goods are those in which a consumer's genetic composition, or DNA, is used in the manufacturing process. Given that hyper-personalized products emphasize high quality and uniqueness and garner premium prices, this study conceptualizes these products as representing contemporary, unconventional luxury. Three studies empirically demonstrate the extent to which consumers allocate price premiums to three different hyper-personalized consumer products in terms of functionally compared with a mass-produced equivalent. The results reveal that consumers believe that hyper-personalized products are worth premium prices, regardless of their desire to own these products. Whether hyper-personalized products are truly more beneficial to consumer well-being than their mass-produced counterparts remains unknown however. The article concludes with theoretical and research implications, as well as research directives.</description><subject>Consumer behavior</subject><subject>Consumer goods</subject><subject>Hyper-personalization</subject><subject>Luxury</subject><subject>Nutrigenomics</subject><subject>Unconventional luxury</subject><subject>Wellness</subject><issn>0148-2963</issn><issn>1873-7978</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><recordid>eNqFkEFPwzAMhSMEEmPwE5By4tbiNG2acEHTBAxpiMs4R1nijkxdOyXtxPj1tNruHCxL9ntP9kfIPYOUAROP23S77mPAmGbAVApFCqy8IBMmS56UqpSXZAIsl0mmBL8mNzFuASADkBPysfpGug-t621HfaQ7fKKL4x5DMlRsG1P7X3TUtk3sdxjopm1dpCbSvhlmB2w6P4po3f_04XhLripTR7w79yn5en1ZzRfJ8vPtfT5bJpaXWZfkolSqKDhTTBpnrKhArYW0RZmjtKrIBc9sNaxYuUbrrMiF4Y5VHKSSkDs-JQ-n3I2pUfvxlA5_uo3pY9R6JgoJIpM5H4TFSWhDGwdEld4HvzPhqBnoEZ7e6jM8PcLTUOgB3uB7Pvlw-OLgMehoPTYWnQ9oO-1a_0_CHzLSe5A</recordid><startdate>20210501</startdate><enddate>20210501</enddate><creator>Rosenbaum, Mark S.</creator><creator>Ramirez, Germán Contreras</creator><creator>Campbell, Jeffrey</creator><creator>Klaus, Philipp</creator><general>Elsevier Inc</general><general>Elsevier B.V</general><scope>AAYXX</scope><scope>CITATION</scope><orcidid>https://orcid.org/0000-0002-1883-4412</orcidid></search><sort><creationdate>20210501</creationdate><title>The product is me: Hyper-personalized consumer goods as unconventional luxury</title><author>Rosenbaum, Mark S. ; Ramirez, Germán Contreras ; Campbell, Jeffrey ; Klaus, Philipp</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c372t-467995531918adac6f09b68c574e8c954632cf8ad17becdc646a3d1f3089804d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Consumer behavior</topic><topic>Consumer goods</topic><topic>Hyper-personalization</topic><topic>Luxury</topic><topic>Nutrigenomics</topic><topic>Unconventional luxury</topic><topic>Wellness</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Rosenbaum, Mark S.</creatorcontrib><creatorcontrib>Ramirez, Germán Contreras</creatorcontrib><creatorcontrib>Campbell, Jeffrey</creatorcontrib><creatorcontrib>Klaus, Philipp</creatorcontrib><collection>CrossRef</collection><jtitle>Journal of business research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Rosenbaum, Mark S.</au><au>Ramirez, Germán Contreras</au><au>Campbell, Jeffrey</au><au>Klaus, Philipp</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The product is me: Hyper-personalized consumer goods as unconventional luxury</atitle><jtitle>Journal of business research</jtitle><date>2021-05-01</date><risdate>2021</risdate><volume>129</volume><spage>446</spage><epage>454</epage><pages>446-454</pages><issn>0148-2963</issn><eissn>1873-7978</eissn><abstract>This study explores hyper-personalized wellness products (e.g., facial serum, custom-prepared meals, vitamins) as unconventional luxury products. 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subjects | Consumer behavior Consumer goods Hyper-personalization Luxury Nutrigenomics Unconventional luxury Wellness |
title | The product is me: Hyper-personalized consumer goods as unconventional luxury |
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