Examining the Business Model of Replenishment Subscriptionsa Longitudinal Case Study

  1. Miguel Rodríguez García 1
  2. Alba Nuñez Fernández 1
  3. Iria González Romero 1
  4. J. Carlos Prado Prado 1
  1. 1 Universidade de Vigo
    info

    Universidade de Vigo

    Vigo, España

    ROR https://ror.org/05rdf8595

Revista:
Dirección y organización: Revista de dirección, organización y administración de empresas

ISSN: 1132-175X

Año de publicación: 2022

Número: 78

Páginas: 40-53

Tipo: Artículo

Otras publicaciones en: Dirección y organización: Revista de dirección, organización y administración de empresas

Resumen

Nuestro estudio desarrolla el modelo de negocio de las subscription boxes de reposición para encontrar las claves de su viabilidad. Para ello, utilizamos el Business Model Canvas (BMC) en un estudio de caso longitudinal de cuatro años sobre una destacada start-up del sector. Nuestro estudio muestra que el éxito de estos modelos radica en un servicio altamente personalizado a los suscriptores para reducir la tasa de abandono. Además, las empresas necesitan una mejor asignación de recursos de marketing debido al alto coste de las pruebas gratuitas y estandarizar los procesos de reposición desde las primeras etapas de desarrollo.

Referencias bibliográficas

  • ACQUILA-NATALE, E., IGLESIAS-PRADAS, S., and CHAPARRO-PELÁEZ, J. (2019). “Barriers and drivers of multi-channel e-commerce: A cross-country examination”. Dirección y Organización, 68, pp. 20-32.
  • ANDONOVA, Y., ANAZA, N. A., and BENNETT, D. H. (2021). “Riding the subscription box wave: Understanding the landscape, challenges, and critical success factors of the subscription box industry”. Business Horizons, 64 (5), pp. 631-646.
  • BAXTER, R. K. (2016). “Subscription Business Models Are Great for Some Businesses and Terrible for Others”. Harvard Business Review, pp. 1-5.
  • BERNSTEIN, F., CHAKRABORTY, S., and SWINNEY, R. (2020). Dynamic Content Variation with Customer Learning. Forthcoming in Manufacturing & Service Operations Management, Available at SSRN: https://ssrn.com/abstract=3489425 or http://dx.doi.org/10.2139/ssrn.3489425.
  • BISCHOF, S. F., BOETTGER, T. M., and RUDOLPH, T. (2020). “Curated subscription commerce: A theoretical conceptualization”. Journal of Retailing and Consumer Services, 54, pp. 101822.
  • BOLTON, R. N. (1998). “A dynamic model of the duration of the customer's relationship with a continuous service provider: The role of satisfaction”. Marketing Science, 17, pp. 45-65.
  • BRAY, J., KANAKARATNE, M. D. S., DRAGOUNI, M., and DOUGLAS, J. (2021). “Thinking inside the box: An empirical exploration of subscription retailing”. Journal of Retailing and Consumer Services, 58, pp. 102333.
  • CESTERO, J., CUENCA, L., and ORTIZ, Á. (2018). “Propuesta de un marco de referencia holístico de modelado de empresas”. Dirección y Organización, 66, pp. 60-78.
  • CHEN, T., FENYO, K., YANG, S., and ZHANG, J. (2018). “Thinking inside the subscription box: New research on e-commerce consumers”. McKinsey & Company, pp. 1-9.
  • CHESBROUGH, H. Business model innovation: it's not just about technology anymore. Strategy & leadership 2007, 35, 12-17, DOI: 10.1108/10878570710833714.
  • DAWES, J. (2004). “Price changes and defection levels in a subscription‐type market: can an estimation model really predict defection levels?” Journal of Services Marketing, 18, pp. 35-44.
  • DRUCKER, P. F. (1994). “The theory of the business”. Harvard Business Review.
  • GONG, Y. and JANSSEN, M. (2021). “Roles and Capabilities of Enterprise Architecture in Big Data Analytics Technology Adoption and Implementation”. Journal of Theoretical and Applied Electronic Commerce Research, 16, pp. 37-51.
  • GUPTA, A., EILERT, M., and GENTRY, J. W. (2020). “Can I surprise myself? A conceptual framework of surprise self-gifting among consumers”. Journal of Retailing and Consumer Services, 54, pp. 101712.
  • HANSEN, R. and BJØRN-ANDERSEN, N. “Cube assessment framework for B2C websites applied in a longitudinal study in the luxury fashion industry”. Journal of Theoretical and Applied Electronic Commerce Research, 8, pp. 1-20.
  • HÜBNER, A., HOLZAPFEL, A., and KUHN, H. (2016). “Distribution systems in omni-channel retailing”. Business Research, 9, pp. 255-296.
  • JOCEVSKI, M., ARVIDSSON, N., MIRAGLIOTTA, G., GHEZZI, A., and MANGIARACINA, R. (2019). “Transitions towards omni-channel retailing strategies: a business model perspective”. International Journal of Retail Distribution Management, 47, pp. 78-93.
  • JOHNSON, M. W., CHRISTENSEN, C. M., and KAGERMANN, H. (2008). “Reinventing your business model”. Harvard Business Review, 86, pp. 57-68.
  • LEE, J. G., SADACHAR, A., and MANCHIRAJU, S. (2019). “What's in the Box? Investigation of Beauty Subscription Box Retail Services”. Family and Consumer Sciences Research Journal, 48, pp. 85-102.
  • LEWIS, M. (1999). The new new thing: A Silicon Valley story, 1st ed., New York (USA): WW Norton & Company.
  • LINCOLN, Y.S. and GUBA, E.G. (1985). Naturalistic inquiry, 1st ed., Los Angeles (USA): SAGE.
  • MAGRETTA, J. (2002). “Why business models matter”. Harvard Business Review.
  • MAGRETTA, J. (2011). Understanding Michael Porter: The essential guide to competition and strategy, 1st ed., Boston (USA): Harvard Business Review Press.
  • MCCARTHY, D. M., FADER, P. S., and HARDIE, B. G. (2017). “Valuing subscription-based businesses using publicly disclosed customer data”. Journal of Marketing, 81, pp. 17-35.
  • MCCARTHY, D., and FADER, P. (2017). “Subscription businesses are booming. Here’s how to value them”. Harvard Business Review, pp. 1-6.
  • METTLER, T. (2014). “Towards a unified business model vocabulary: A proposition of key constructs”. Journal of Theoretical and Applied Electronic Commerce Research, 9, pp. 19-27.
  • MIMOUN, M. S. B., GARNIER, M., and DEPLEDT, D. (2015). “My Little Box, Oh My Little Box A VideoNetnographic Study On The Expression Of Values In Subscription-Based E-Commerce”. Journal of Applied Business Research (JABR), 31(3), pp. 1159-1166.
  • OJASALO, J. and OJASALO, K. (2018). “Service logic business model canvas”. Journal of Research in Marketing and Entrepreneurship, 20, pp. 70-98.
  • OSTERWALDER, A., and PIGNEUR, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers, 1st ed., New Jersey (USA): John Wiley & Sons.
  • OSTERWALDER, A., PIGNEUR, Y., and TUCCI, C. L. (2005). “Clarifying business models: Origins, present, and future of the concept”. Communications of the Association for Information Systems, 16 (1), pp. 1-25.
  • PALOS-SANCHEZ, P. R. and CORREIA, M. B. (2018). “The collaborative economy based analysis of demand: Study of Airbnb case in Spain and Portugal”. Journal of Theoretical and Applied Electronic Commerce Research, 13, pp. 85-98.
  • PORTER, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance, 1st ed., New York (USA): Free Press.
  • RODRÍGUEZ-GARCÍA, M., GONZÁLEZ-ROMERO, I., ORTIZ-BAS, Á., and PRADO-PRADO, J. C. (2021). “E-grocery retailing: from value proposition to logistics strategy”. International Journal of Logistics Research and Applications, pp. 1-20.
  • RODRÍGUEZ-GARCÍA, M., DOMÍNGUEZ-CAAMAÑO, P., and PRADO-PRADO, J. C. (2016). “La Nueva Cadena de Suministro en la Era de los E-Retailers: Una Revisión Bibliográfica Actualizada”. Dirección y Organización, 59, pp. 18-31.
  • ROSENBAUM, S. (2011). Curation nation: how to win in a world where consumers are creators, 1st ed., New York (USA): McGraw Hill Professional.
  • RUDOLPH, T., BISCHOF, S. F., BÖTTGER, T., and WEILER, N. (2017). “Disruption at the door: A taxonomy on subscription models in retailing”. Marketing Review St. Gallen, 5, pp. 18-25.
  • SIGGELKOW, N. (2007). “Persuasion with case studies”. Academy of Management Journal, 50, pp. 20-24.
  • SORT, J. C. and NIELSEN, C. (2018). “Using the business model canvas to improve investment processes”. Journal of Research in Marketing and Entrepreneurship, 20, pp. 10-30.
  • TAO, Q. and XU, Y. (202). “Consumer adoption of fashion subscription retailing: antecedents and moderating factors”. International Journal of Fashion Design, Technology and Education, 13, pp. 78-88.
  • TAO, Q., and XU, Y. (2018). “Fashion subscription retailing: an exploratory study of consumer perceptions”. Journal of Fashion Marketing and Management: An International Journal, 22 (4), pp. 494-508.
  • TRAUTRIMS, A., GRANT, D. B., CUNLIFFE, A. L., and WONG, C. (2012). “Using the “documentary method” to analyse qualitative data in logistics research”. International Journal of Physical Distribution and Logistics Management, 42, pp. 828-842.
  • VAN MAANEN, J. (1979). Qualitative methodology, 1st ed., Los Angeles (USA): SAGE.
  • WARRILLOW, J. (2015). The automatic customer: creating a subscription business in any industry, 1st ed., USA: Penguin.
  • YIN, R.K. (2014). Case study Research: Design and Methods, 5th ed., Los Angeles (USA): SAGE.