Not all customers are created equal. Despite what the tired old adage says, the customer is not always right. Not all customers deserve your best efforts: in the world of customer centricity, there are good customers and then there is pretty much everybody else. Upending some of our most fundamental beliefs, renowned behavioral data expert Peter Fader, Co-Director of The Wharton Customer Analytics Initiative, helps businesses radically rethink how they relate to customers. He provides insights to help you revamp your performance metrics, product development, customer relationship management and organization in order to make sure you focus directly on the needs of your most valuable customers and increase profits for the long term.
Services Marketing, 6/e, is written for students and businesspeople who recognise the vital role that services play in the economy and its future. The advanced economies of the world are now dominated by services, and virtually all companies view service as critical to retaining their customers today and in the future. This edition focuses on knowledge needed to implement service strategies for competitive advantage across industries.
In addition to standard marketing topics (such as pricing), this text introduces students to entirely new topics that include management and measurement of service quality, service recovery, the linking of customer measurement to performance measurement, service blueprinting, customer cocreation, and cross-functional treatment of issues through integration of marketing with disciplines such as operations and human resources. Each of these topics represents pivotal content for tomorrow's businesses as they attempt to build strong relationships with their customers.
Services Marketing, 5/e, recognizes that services present special challenges that must be identified and addressed in real circumstances. The heart of the bookâs content is to develop strong customer relationships through quality service. The book also focuses on knowledge needed to implement service strategies for competitive advantage across industries. Hence, frameworks for customer-focused management, and strategies for increasing customer satisfaction and retention through service are included in the fifth edition.
Differentiate your business by sharpening your Customer Focus or risk giving your competitors a competitive advantage. The-best-of-the-best do this. They know that the only long-term strategy that effectively creates customer loyalty, long-term profitability and which strengthens both internal service performance and productivity is a Customer-Focused strategy. This outstanding book explains what it takes to become truly Customer-Focused. It provides detailed, step-by-step instructions on what you need to do to create customer focus throughout your entire organization. We describe in detail, 12 proven 'best practices' strategies which you can learn from and use to create your own customer focus strategy and implementation plan. This book contains over 200 pages of detailed explanations, real world examples, stories and case studies as well as exercises and worksheets which have been designed to help you achieve greater customer focus in your organization, company, department or team.
Visits to customers by a cross-functional team of marketers and engineers play an important role in new product development, entry into new markets, and in exploring customer satisfaction and dissatisfaction. The new edition of this widely used professional resource provides step-by-step instructions for making effective use of this market research technique.Using a wealth of specific examples, Edward F. McQuarrie explains how to set feasible objectives and how to select the right number of the right kind of customers to visit. One of the leading experts in the field, McQuarrie demonstrates how to construct a discussion guide and how to devise good questions, and offers practical advice on how to conduct face-to-face interviews.Extensively updated throughout, this third edition includes three new chapters as well as expanded coverage of the analysis of visit data. It also discusses which industries and product categories are most (and least) suitable to the customer visit technique. The author also covers how the customer visit technique compares to other market research techniques such as focus groups.
Services Marketing, 4/e, by Zeithaml and Bitner provides a comprehensive review and analysis of services marketing issues, practice, and strategy. Utilizing the GAPS Model of Service Quality as an organizing framework the structure of the text offers part openers that sequentially build the model gap by gap. Each part of the book includes multiple chapters with strategies for understanding and closing the critical gaps. Customer behavior, expectations, and perceptions are discussed early in the text to form the basis for understanding services marketing strategy and the managerial content, in the rest of the text, is framed by the GAPS model. Additionally, the authors continue to refine conceptual frameworks for developing effective services marketing strategy and have incorporated more coverage of the use of technology and business-to-business applications in this edition.
Ritz Carlton is famous for its customer focus while used car dealers often have a reputation for poor customer focus. All other organizations fall somewhere in between. Customer Focus â The SIDâ¢ Way is part of BenchMark Learning Internationalâs Self-Initiated Development Series. This workbook gives leaders the understanding and the tools to develop their customer-focus skills and behaviors. Every business and organization has customers - internal and external. Leaders are responsible for modeling excellent customer focus and the result of that customer experience determines the level of success achieved. Are you taking action to increase your customer focus effectiveness? This workbook includes: â¢ Introduction to the Self-Initiated Development (SID) Modelâ¢ â¢ Customer Focus Self Assessment to determine your strengths and weaknesses â¢ Coachesâ Tips and Guidance section to help you improve customer-focus skills â¢ Case Studies with Exercises â¢ Specific Development Recommendations based on self-assessment results â¢ Development Plan Template for your use â¢ Coachesâ Further Reading Recommendations â¢ Takeaway Tools to help you improve your customer-focus skills and behaviors â¢ Much, Much More to help leaders create a culture of excellent customer focus Customer Focus - The SIDâ¢ Way is based on the 4Pâs Leadership Competency Modelâ¢ of 30 crucial leadership competencies. The series gives leaders the tools and processes to manage and develop their professional skills and behaviors to further achieve their leadership effectiveness and success.
Why is it that Casio can sell a calculator more cheaply than Kellogg's can sell a box of corn flakes? Why can FedEx Âabsolutely, positivelyâ deliver your package overnight but airlines have trouble keeping track of your bags? What does your company do better than anyone else? What unique value do you provide to your customers? How will you increase that value next year? As customers' demands for the highest quality products, best services, and lowest prices increase daily, the rules for market leadership are changing. Once powerful companies that haven't gotten the message are faltering, while others, new and old, are thriving. In disarmingly simple and provocative terms, Treacy and Wiersema show what it takes to become a leader in your market, and stay there, in an ever more sophisticated and demanding world.
In order to be successful, companies need to listen and respond to customers' needs and expectations. This helps companies to find out what customers really want from them and what they really think of their services. It also helps them to keep existing customers and attract new ones. There are five main ways of getting feedback from customers. You can simply observe your customers' behavior, hold a focus group, or conduct a survey. You can also use your salespeople and customer service teams to glean feedback from customers. The Web, e-mail, and social networking allow you to gather feedback from customers in any location. Each provide their own types of data, and companies should choose which ones suit them best. There are four main steps involved in exploring customer needs. First you need to gather information about the customers' current situation. You then try to discover their desired situation. You also need to investigate any past experiences they may have had with products similar to yours and finally you carry out a gap analysis. Companies need to manage customer expectations in order to try and provide the final outcome they expect. Customers expect a collaborative relationship, choice, and good value. They also expect prompt response and dispute resolution, a feeling of importance, transparency, two-way communication, and relevant marketing campaigns. CRM systems help you to efficiently manage your customers' expectations. There are different strategies for this that ensure that the needs of your customers are met quickly and completely. CRM also helps you to provide effective, efficient processes and put your customer at the center of the organization. Finally CRM provides end-to-end connectivity that links the organization with its internal and external customers and its suppliers. Every organization that wants to move to being more customer focused should have a strategy in place. This customer-focused strategy is built around three key decisions. The appropriate scale and scope of your strategy is the first crucial decision. This refers to the elements that need to be involved in your organization's customer focus solution. Next, you must decide the level of integration between these elements. Finally, you need to make the decision whether to create a low, moderate, or high level of customer focus. When designing your strategy, taken into account the relevant operational strategies for becoming more customer focused that already exist, including Six Sigma and customer relationship management (CRM).
"Services Marketing" recognizes that services present special challenges that must be identified and addressed in real circumstances. The heart of the book's content is to develop strong customer relationships through quality service. The book also focuses on knowledge needed to implement service strategies for competitive advantage across industries. Hence, frameworks for customer-focused management, and strategies for increasing customer satisfaction and retention through service are included in the fifth edition.