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Improving Consumer Mind-Set Metrics and Shareholder Value through Social Media: The Different Roles of Owned and Earned Media

Anatoli Colicev, Ashwin Malshe, Koen Pauwels and Peter O'Connor

JM Insights in the Classroom

Full Citation: ​
Colicev, Anatoli, Ashwin Malshe, Koen Pauwels, and Peter O’Connor (2018), “Improving Consumer Mindset Metrics and Shareholder Value through Social Media: The Different Roles of Owned and Earned Media,” Journal of Marketing, 82 (1), 37–56.

Insight:
This research elevates the consumer’s role in co-creation from inventing to playing a role in driving sales through the creation of a mismatch communication strategy. It suggests that to maximize adoption, especially among novice customers, companies need to understand the authentic creation narrative and combine it with their own persuasive message to create a motivation mismatch strategy.

Abstract Article
Despite the growing popularity of co-creation approaches to innovation, the bottom-line results of these efforts continue to frustrate many firms. Marketing communications are one important tool in stimulating consumer adoption, yet marketers to date have not taken advantage of a unique phenomenon associated with many co-created innovations – the presence of a genesis story in the words of the creator, which can be combined in different ways with traditional marketing messaging. Using mixed methods, we demonstrate a crossover effect in which a “mismatch” of the fundamental motivations behind authentic creation narratives and traditional persuasive messages enhances adoption of the co-created innovation. This effect is mediated by potential adopters’ self-referencing of their own stories about similar experiences or consumption episodes. Furthermore, the effect of a motivation mismatch strategy is attenuated for expert consumers. Finally, this motivation mismatch strategy triggers “takeoff” of co-created innovations. This research offers substantial implications for research on co-created innovation, narrative persuasion, and firm-generated and user-generated communication. It provides managers specific guidance on enhancing the success of co-creation programs through an integrated communications strategy.

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Topic Areas: ​
Digital Marketing – Customer; Marketing Analytics; Marketing Strategy; Social Media ​​​

Special thanks to Kelley Gullo and Holly Howe, Ph.D. candidates at Duke University, for their support in working with authors on submissions to this program. 

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Koen Pauwels is Professor of Marketing, Ozyegin University (Istanbul), and Associate Professor of Business Administration, Tuck School of Business, Dartmouth College.