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Everyone loves a secret: Why consumers value marketing secrets

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  • Mills, Adam J.

Abstract

Everyone keeps secrets, and organizations are no exception. The current literature on secrecy in organizations is centered on the managerial perspective of secrets as competitive resources. In contrast, this conceptual article takes a consumer-centric approach and presents a detailed explanation of why and how marketing secrets create value for consumers. First, a discussion of agency highlights three consumer roles in the marketing of secrets: Insiders, who know the secret; Aspirants, who know of the secret; and Outsiders, who do not know of the secret. Second, based on two mechanisms of awareness and primacy, a value chain of secrecy is proposed that presents four types of value that consumers can extract from secrets: acquisition value, acknowledgment value, leverage value, and dissemination value. Lastly, secrecy is revisited as a strategic marketing tool for creating value for consumers.

Suggested Citation

  • Mills, Adam J., 2015. "Everyone loves a secret: Why consumers value marketing secrets," Business Horizons, Elsevier, vol. 58(6), pages 643-649.
    • Handle: RePEc:eee:bushor:v:58:y:2015:i:6:p:643-649
    DOI: 10.1016/j.bushor.2015.07.001
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    References listed on IDEAS

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    1. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    2. Hannah, David & Parent, Michael & Pitt, Leyland & Berthon, Pierre, 2014. "It's a secret: Marketing value and the denial of availability," Business Horizons, Elsevier, vol. 57(1), pages 49-59.
    3. Liebeskind, Julia Porter, 1997. "Keeping Organizational Secrets: Protective Institutional Mechanisms and Their Costs," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 6(3), pages 623-663, September.
    4. David R. Hannah, 2007. "An Examination of the Factors that Influence Whether Newcomers Protect or Share Secrets of their Former Employers," Journal of Management Studies, Wiley Blackwell, vol. 44(4), pages 465-487, June.
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    Cited by:

    1. Fedorenko, Ivan & Berthon, Pierre & Edelman, Linda, 2023. "Top secret: Integrating 20 years of research on secrecy," Technovation, Elsevier, vol. 123(C).

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