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JOURNAL OF MARKETING DEVELOPMENT AND COMPETITIVENESS
Integrated Approach to Management of Predictive and Normative Expectations
Author(s): Gavriel Meirovich
Citation: Gavriel Meirovich, (2020) "Integrated Approach to Management of Predictive and Normative Expectations," Journal of Marketing Development and Competitiveness, Vol. 14, Iss. 3, pp. 36-47
Aricle Type: Research paper
Publisher: North American Business Press
Abstract:
The present study proposes a unified framework that incorporates management of desired expectations, adequate expectations, predictive expectations from a provider and from competitors, and the zone of tolerance. Management of expectations differs at three points of time – choice/purchase, actual service, and post-consumption stages. Unlike predictive expectations, the level of adequate expectations is affected by attribution process. By emphasizing uncontrollable factors, a company can create a positive differential between focal predictive expectations and adequate expectations and use it to its advantage. A provider needs to tread a fine line between consistent high performance and occasional pleasant surprises on variable basis.
