Groupon Essay Example | Topics and Well Written Essays - 250 words - 2

Groupon - Essay Example eferral system which enables availment of Groupon bucks (Bulygo & Metrics, 2012); (6) offering purchases for a friend which could enjoin more to attest and appreciate the benefits accorded by Groupon; and (7) entrenching more awareness to products and services offered by merchants through word-of-mouth and through social networking sites; among others. As emphasized by Sviokla (2009), the keys to enhanced customer satisfaction stems from Groupon’s ability to: â€Å"(1) make the interaction simple; (2) create a sense of urgency; (3) energize customers to enjoin others to join; and (4) make the experience a lot of fun† (p.1). executed well? The quality of these activities fit with the overall strategy, which is consistent with the 5s of internet marketing, which are: to sell, to serve, to speak, to save and to sizzle (Andrew, 2013, p. 7). Its mission was to â€Å"treat our customers the way we like to be treated† (Groupon, 2013, par. 3). An important component of the strategy is adherence to â€Å"unbelievable customer service† (Groupon, 2013, par. 5). As such, Groupon pledged to achieve the 5s of internet marketing through implementing the activities above-mentioned. Based on the remarkable performance of Groupon as reviewed from their financial highlights, where it was revealed that â€Å"†record billings growth this quarter is a clear signal that customers love Groupons," said Andrew Mason, CEO of Groupon† (Business Wire, 2013, par. 4). As such, the sustained financial success proves that the strategies applied by Groupn were effective and fitted will with the organization’s overall strategy. In addition, since there were a lot of other organizations that mimicked or replicated their business model (Richey, 2010), it therefore attests to the effectiveness of the strategy in achieving financial