Why are there organizations with customers that are “off the charts” in their loyalty? Customer-centricity creates a symbiotic relationship with customers. Hyper-loyal customers have a passion for converting others to become members of their “club” so that others can have the same great experiences.
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The organizations that will survive and thrive five years from now are the ones that have educated customers. That’s because smart customers will remain loyal to suppliers that deliver high value. This value goes far beyond a generic product or service. It educates its customers as part of the relationship. Customer-centered suppliers understand this as
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It’s amazing how organizations believe they can become great while ignoring their customers.
Jim Collins’ How The Mighty Fall: And Why Some Companies Never Give In builds off of his Good to Great and Built to Last tenets to analyze how successful companies get better, or conversely, how they decline. He describes how companies can under-perform by forgetting
I love it when people shake up the way we think. That is what we need in order to stay competitive in today’s business environment. A growing number of new thought leaders are helping us to understand that the best approach to bringing about positive change is to structure our actions around being customer-centered.
Pip Coburn,
The greatest challenge of escaping the sameness of your product or service is to stay ahead of what your direct competition offers. Adjust the space that you operate in. That is, design and sustain a service that is truly different from the rest of your market segment. The key, of course, is to make certain
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Last week, I attended the Loyalty Expo, a showcase of the prominent suppliers using incentive rewards programs to drive their business growth. The good news is that some of the companies that are using these points programs are looking at new ways to drive loyalty by becoming more relevant and customer-centered.
The old models are programmatic
The next great opportunity to drive customer closeness is optimizing the recognition of your most loyal customers. We live in the “age of engage”, so success depends on developing an individualized relationship with important upper tier clients and an environment that encourages outstanding performance for this key subgroup of very committed customers.
Ask yourself this simple
Much has been written about the successful partnership model epitomized by Procter & Gamble and Wal-Mart in a landmark collaboration started 20 years ago. However, in addition to the Information Technology and supply chain synergies that developed, the even greater lesson to be learned is that being customer-centric involves changing your organization chart in terms
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Many well-intentioned companies tell us that they want to exceed our expectations. Unfortunately, in many cases, we are used to “unexpected” service at the transactional level, when, for example, an employee from a business provides us with great service. Now, what was once unexpected has become simply table stakes in the drive to differentiate your organization
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Short-term thinking has plagued businesses for years, but in today’s economic conditions, it is even more dangerous. Now is the time for change, not to stand still.
Organizations in a survival mode resort to quick fixes such as downsizing and postponing expenses. Their leaders don’t realize that they cannot recycle the ideas of the past and
