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Find an industry that is noted for consumer dissatisfaction. Using the concept of satisfaction, identify consumer expectations that aren’t being met along with describing their current experiences in this industry and how their experiences don’t meet their expectations. [Here, you want to first discuss the expectations and then, describe the actual experiences as a separate narrative.] Then, based upon what you have just characterized, how could you configure a business that would operate differently? Would it involve different expectations? If this is the case, how would your marketing be used in changing expectations? How would you change the consumer experience to be different based upon changing their expectations, etc.? How would you create a strategy involving a changing consumer?
Hint: Formally define the concept of satisfaction first by explaining the Expectancy Disconfirmation Model of Satisfaction and also, provide its graphic depiction.
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Implementation is often described as the most difficult aspect of the strategic management process.
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