THE NEW CUSTOMER
A good understanding of the 21st century consumers seems to be key. In particular, it looks as if the relatively young, computer/IT-literate consumer (‘‘Generation Y’’) is much different from what we have come to understand as the typical, classical consumer (‘‘Generation X’’). This ‘‘new’’ consumer may represent a real discontinuity from the past! The young, new consumer seems to focus relatively more on prestige and quality than on cost.He/she seemsto appreciate and be rather willing to pay for innovations that enhance these dimensions. These dimensions,therefore, would be a much highershare of disposable spending among the new generation. The Generation Y consumer can perhaps be seen as a person where his/her mind and the computer/other IT support work together, i.e. enhancing each other. This means more ‘‘capacity’’ for learning of basic facts, forstorage of this, and for fast retrieval. Further, search-options are readily available when theGeneration Y consumer would need additional information. The above also has the effect that the Generation Y consumer can ‘‘free his/her mind’’ to concentrate more on new things, creativity, innovation, even prestige. The basic struggle to be cost-efficient would be more of a thing of the past, however.