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Article
Publication date: 31 July 2023

Cabrini Pak

This paper aims to propose a framework for marketing to the sandwich generation (SG) shopper, an influential and growing demographic in the marketplace.

Abstract

Purpose

This paper aims to propose a framework for marketing to the sandwich generation (SG) shopper, an influential and growing demographic in the marketplace.

Design/methodology/approach

This paper draws from research in business, sociology, health care and industry sources that have studied the SG. It proposes a marketing framework to create value for SG shoppers and their families, in multiple ways.

Findings

SG members seek to meet at least four major kinds of needs across their intergenerational families: financial management, social support, health care and wellness. Businesses can help them more efficiently bridge those needs by including certain enablers in their offerings: human resource benefits to manage health and associated costs, resource allocation tools to manage financial and social support needs across different lifespans, time management tools to integrate social support needs with wellness outcomes and technology/services that help meet health and wellness needs across the family.

Practical implications

Managers can attract SG members and their families to their offerings by keeping in mind three rules of thumb: help them recover their most scarce resource: time; capitalize on age-friendly adjustments in the marketplace; and innovate with universal design in mind.

Originality/value

To the author’s knowledge, this is the first application of existing knowledge on the SG to a marketing framework that addresses key SG customer concerns.

Details

Journal of Business Strategy, vol. 45 no. 4
Type: Research Article
ISSN: 0275-6668

Keywords

Article
Publication date: 6 May 2014

Keejae Hong, Cabrini H. Pak and Simon J. Pak

The purpose of this study is to examine the degree of trade mispricing in the US fresh banana trade with Latin American and Caribbean countries using a new alternative measure in…

Abstract

Purpose

The purpose of this study is to examine the degree of trade mispricing in the US fresh banana trade with Latin American and Caribbean countries using a new alternative measure in estimating arm’s length price.

Design/methodology/approach

A key feature of the research design is that we use the actual free market price of commodity (e.g. fresh banana price) as a benchmark for arm’s length price rather than relying on interquartile range, which is known to be problematic.

Findings

The paper finds that when the degree of mispricing is measured by two widely used methods, interquartile price filter and partner-country methods, we find little evidence of undervaluation or overvaluation of US banana import. However, when we use the free-market price of fresh banana as a benchmark for arm’s length price, first adopted in this study, the average undervalued amount of trade compared to the total banana import declared value by the US importers is on average 54 per cent during the period between 2000 and 2009.

Originality/value

This study suggests a new simple measure in estimating arm’s length traction price in studying trade mispricing.

Details

Journal of Money Laundering Control, vol. 17 no. 2
Type: Research Article
ISSN: 1368-5201

Keywords

Article
Publication date: 1 November 2006

Cabrini Pak and Ajit Kambil

The purpose of this paper is to provide a framework to better understand the emerging aging consumer markets. It identifies new principles to better serve the ranks of the 50

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Abstract

Purpose

The purpose of this paper is to provide a framework to better understand the emerging aging consumer markets. It identifies new principles to better serve the ranks of the 50+ consumer market as those segments grow in number and economic influence.

Design/methodology/approach

The framework was developed following industry and literature reviews and analysis of secondary data from the Social Security Administration, Census Bureau, US Department of Labor, UN Population Division, and AARP.

Findings

Demographics point to a significant rise in the importance and complexity of consumer markets in the age 50+ segments. There are psychological, social, economic and biological changes that affect the spending habits and priorities of these consumers and, while there are excellent examples of companies taking these factors into account in designing products and services, it is clear that we have only begun to consider how best to serve aging and generally affluent consumers.

Practical implications

The aging consumer is rapidly moving from being something of a cursory footnote on corporate product/service plans to being a dominant market force. Companies with a deep understanding of the unique needs and priorities of the age 50+ segments, and which design products and services informed by this understanding, will gain a significant competitive advantage over those that overlook these characteristics and preferences.

Originality/value

This article provides both a framework for companies to assess the needs of the emerging 50+ consumer market, as well as examples of companies that have begun to innovate with an eye toward serving this increasingly complex and well‐heeled population.

Details

Journal of Business Strategy, vol. 27 no. 6
Type: Research Article
ISSN: 0275-6668

Keywords

Content available
Article
Publication date: 1 November 2006

270

Abstract

Details

Journal of Business Strategy, vol. 27 no. 6
Type: Research Article
ISSN: 0275-6668

Content available
Book part
Publication date: 19 May 2015

Abstract

Details

Inquiry-Based Learning for Multidisciplinary Programs: A Conceptual and Practical Resource for Educators
Type: Book
ISBN: 978-1-78441-847-2

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