The DOI matches its Crossref record; 13 of the 13 references it cites were found in a registry or an index.
The Business Value of Gamification
Open accessAbstract
This article analyzes the connection between gamification and business success, focusing on customer retention, new customer acquisition, and transforming user perceptions. Based on a qualitative comparative analysis of 40 high-profile gamification projects, it shows that a combination of three key features—virtualization, social comparison, and tangible rewards—explain the various pathways to success. Each pathway requires the presence—and sometimes absence—of different design features, and firms do best when they focus on one or two objectives rather than all three at once. The article presents a framework for designing and implementing gamification more strategically and effectively, noting the ethical questions that arise.
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The study provides experimental evidence necessary for establishing causal relationships between virtualisation, engagement, and monetisation.
“The significantly higher conversion rates support Jacobides et al.'s (2024) identification of retention as a central pathway for gamification value creation, while providing the experimental evidence they identify as necessary for establishing causal relationships between virtualisation, engagement, and monetisation.”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al.'s (2024)
The Findings and customer-retention passages identify retention as a strategic objective and virtualization as one pathway to it. But the paper’s discussion of future research calls for a fuzzy-set QCA measuring the extent of virtualization; it does not identify experimental evidence as necessary to establish causal relationships between virtualization, engagement, and monetization. No page numbers are available in our copy. (LLM, conf=0.85)
Experimental — accuracy not yet measuredRetention is a central pathway for gamification value creation.
“The significantly higher conversion rates support Jacobides et al.'s (2024) identification of retention as a central pathway for gamification value creation, while providing the experimental evidence they identify as necessary for establishing causal relationships between virtualisation, engagement, and monetisation.”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al.'s (2024)
The Findings and Objective 1: Customer Retention sections (pages not provided) identify customer retention as a strategic objective through which gamification creates value. The cited paper does not identify experimental evidence as necessary to establish causal relationships between virtualisation, engagement, and monetisation; its Data and Methods section instead describes a qualitative comparative analysis. (LLM, conf=0.84)
Experimental — accuracy not yet measuredConversion rates were significantly higher in the experimental group than in the control group.
“The significantly higher conversion rates support Jacobides et al.'s (2024) identification of retention as a central pathway for gamification value creation, while providing the experimental evidence they identify as necessary for establishing causal relationships between virtualisation, engagement, and monetisation.”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al.'s (2024)
The Findings section identifies customer retention as one of three strategic objectives reached through gamification pathways, and the Customer Retention discussion describes virtualization as one such pathway. But the paper's Data and Methods section describes a qualitative comparative analysis, not a call for experimental evidence to establish causal relationships between virtualization, engagement, and monetization. The higher experimental-group conversion rate is presented as the citing authors' result, not Jacobides et al.'s. (LLM, conf=0.86)
Experimental — accuracy not yet measuredJacobides et al. (2024) analysis of 40 gamification projects identifies validated pathways through which gamified systems facilitate customer acquisition.
“Jacobides et al. (2024), in their analysis of 40 gamification projects, identify validated pathways through which gamified systems facilitate customer acquisition”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al. (2024)
Jacobides et al. (2024) identify retention as a central pathway through which gamification creates value, emphasising the role of virtualisation, social comparison, and reward structures in sustaining user participation.
“Jacobides et al. (2024) identify retention as a central pathway through which gamification creates value, emphasising the role of virtualisation, social comparison, and reward structures in sustaining user participation.”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al. (2024)
Reward-based loyalty mechanisms alone can effectively stimulate participation and adoption.
“rewardbased loyalty mechanisms alone can effectively stimulate participation and adoption”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al. (2024)
The combination of virtualisation and tangible rewards creates competitive and immersive experiences that attract and convert new users.
“the combination of virtualisation and tangible rewards creates competitive and immersive experiences that attract and convert new users”
From An Experimental Analysis of Gamification’s Impact on Customer Engagement and Retention in Subscription-Based Business Models (2026) · cites this paper as Jacobides et al. (2024)
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Citations
Cites
Yaşlı Kadınlarda Üreme Sağlığı
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From game design elements to gamefulness: defining "gamification"
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Gamification by Design: Implementing Game Mechanics in Web and Mobile Apps
Zichermann, G., & Cunningham, C. J. L. (2011) · Cited by 2,378
The Rise of Motivational Information Systems: A Review of Gamification Research
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When and Why Incentives (Don't) Work to Modify Behavior
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Ernest, A. (2015) · Cited by 1
Flagged first, then by citations
Research works printed but not linked: 3
- The Octalysis framework by Yu-Kai Chou is arguably the best-known practical frame- work for designing gamification initiatives and was useful in our review of the literature on game elements. It is important to note, however, that this framework does not con- sider metrics beyond intermediate goals and is also based more on anecdotal methodology.
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Cited by
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The effects of game mechanics on user retention in using social live streaming services
Tsou, H., Lin, Y., & Loo, P. Y. (2024) · Marketing Intelligence & Planning · doi:10.1108/mip-10-2023-0562 · Cited by 12
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“As platform-based business models increasingly rely on recurring revenue streams, sustained user engagement and behavioural continuity have become critical determinants of long-term performance (Kerschbaumer et al., 2023; Jacobides et al., 2024).”
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The Role of Gamification in Maximizing Sales Team Performance
Bebitoğlu, M. E., & Sarıçam, F. A. (2025) · Anadolu Üniversitesi Sosyal Bilimler Dergisi · doi:10.18037/ausbd.1542141
Datasphere and SAP: How Data Integration Can Drive Business Value
Pasumarthi, A., & Anbalagan, B. (2024) · International Journal of Scientific Research in Computer Science Engineering and Information Technology · doi:10.32628/cseit25113472
Gamified Mobile Apps as a Catalyst for Pro-environmental Behaviour Change: Proposal of a Model
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Gamification in the metaverse for business value: a systematic literature review
Gamal, A. (2026) · Journal of Enterprise Information Management · doi:10.1108/jeim-06-2025-0560
Metadata
- Authors
- Jacobides, M. G., Ma, M. D., Trantopoulos, K., & Vassalos, V.
- Affiliations
- London Business School (GB)
- London Business School, London, UK
- International Institute for Management Development (CH)
- Athens University of Economics and Business (GR)
- Venue
- California Management Review
- Publisher
- SAGE Publications
- Published
- 2024-01-10
- Volume
- 66
- Issue
- 2
- Pages
- 91-107
- ISSN
- 0008-1256 (ISSN-L)
- 2162-8564
- OpenAlex
- W4390742211
- Cited by
- 12
- References
- 13
- Citations by year
- 2026: 3 · 2025: 5 · 2024: 4
- FWCI
- 9.43
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Locations
- California Management Review (publishedVersion, cc-by)
- London Business School Research Online (London Business School) (submittedVersion)
- Topics
- Social Sciences › Psychology › Developmental and Educational Psychology › Educational Games and Gamification
- Social Sciences › Business, Management and Accounting › Marketing › Digital Marketing and Social Media
- Social Sciences › Sociology and Political Science › Digital Games and Media
- Keywords
- gamification, business value, customer retention, customer acquisition, user perception, virtualization, social comparison, tangible rewards, gamification design, strategy implementation
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