The authors of this study analysed the increasing use of personalized marketing and consumer concerns regarding the access to personal information. The purpose was to find out how companies could react to these concerns. Several theoretical concepts were explored, such as Personal Data, Personalized Marketing, Privacy Concerns, Privacy Policies, Consumer Trust and Consumer Behaviour.
Facebook Inc. was analysed as an example to address the problem. An online survey was conducted on university students and two interviews were performed with representatives from the Data Inspection Board in Sweden. The main findings were that individuals seem to approve of personalized marketing but are concerned about their privacy. Companies should therefore inform their consumers on how personal data is used for personalized marketing and respect their rights and take governmental regulations into consideration.
Source: Uppsala University
Author: Birgisdottir, Johanna | Amin, Hiral