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Customer Intimacy and Other
Value Disciplines |
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To today's customers, value can mean
any number of things, from convenience of purchase to after-sale
service and dependability. But that doesn't mean companies have
to excel at everything. A study of market leaders shows they
concentrate on one of three value disciplines - operational
excellence, customer intimacy, or product leadership - and align
their entire operating model to serve that discipline. Companies
should choose a value discipline that fits with their existing
capabilities and culture and then push themselves relentessly to
sustain it. :Michael E. Treacy; Frederik D. Wiersema :Harvard
Business Review :1/1/1993 :Article |
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The Discipline Of
Market Leaders: Choose Your Customers, Narrow Your Focus,
Dominate Your Market |
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The premise of the book is that
successful companies direct all of their efforts towards
operational excellence, product leadership, or customer intimacy.
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. :Michael Treacy, Treacy & Company LLC and Fred
Wiersema, Ibex Partners :Perseus Press :6/1/1996 :Book |
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Loyalty Rules!: How
Today's Leaders Build Lasting Relationships |
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Loyalty provides the acid test for
leadership in today's volatile business environment, and that
most leaders deserve failing grades. Reichheld's research
demonstrates that effective leaders build relationships upon six
bedrock principles of loyalty: Play to win/win: profiting at the
expense of partners is a short cut to a dead end; Be picky:
membership is a privilege; Keep it simple: complexity is the
enemy of speed and flexibility; Reward the right results: worthy
partners deserve worthy goals; Listen hard and talk straight:
long-term relationships require honest, two-way communication and
learning; and Preach what you practice: actions often speak
louder than words but together, they are unbeatable. :Frederick
F. Reichheld :Harvard Business School Press :7/23/2001
:Article |
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IT Toolbox
CRM |
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Extensive IT Knowledge & Support
Network resources: 24 Targeted Knowledge Bases, 26,023 Documents,
Papers, Source Code and Scripts, 1,189 Current News Articles, 72
Newsletters, Link Directories, IT Search Engines, 726 Discussion
Groups with 125,452 Active Participants 57,721 Searchable Q&A
Messages. Business Intelligence, Database, Data Warehouse,
Knowledge Management, CRM, Marketing, Academic Articles, FAQs,
Industry Articles, Peer Publishing, Vendor Papers/ , :Portal |
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The Industrial Marketing
Practice Association |
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Always on the lookout for emerging
trends. Provides you a steady stream of useful strategic
insights, along with an interpretation of what it all means. You
become a thought leader inside your company - an internal
marketing expert who is on top of it all. Every month you will
receive Industrial Marketing Tips & Tactics. The Industrial
Marketing Practitioner, Best Practices, Articles by Publication,
Research Paper Reviews, Software, Articles, Discussion Group,
Archives,Event Calendar. :Association |
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The Consortium For
Service Innovation |
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Enables the members' vision of
improved support through deeper and more widespread use of
well-crafted knowledge. Members work together to significantly
improve customer support by developing innovative new strategies,
standards, and programs. Provides forums, workshops and
conferences to share perspectives, identify common issues and
develop new ideas for improving the customer experience with
support. :Association |
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Basing Employee
Performance Evaluations on Customer Satisfaction
Measures |
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As an increasing number of firms adopt
formalized systems for collecting and analyzing customer
opinions, there is increasing interest in using Customer
Relationship Assessment information as the basis for performance
appraisals, bonuses, and rewards. Given the importance of
customer satisfaction, this step seems a natural one. If the
system is fair and well administered, most employees will find it
relatively easy to commit to personal or departmental objectives
based on customer satisfaction objectives, since most already
acknowledge that customer opinions are of paramount importance.
:Walker Information, Inc :Walker Information, Inc :6/1/2001
:Article |
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Association for the
Advancement of Relationship Marketing (AARM) |
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Since 1995 the mission has been to
provide a forum for the development, understanding and
communication of the principles and discipline of CRM,
Relationship Marketing, Customer Relationship Management -
Enterprise Wide and Direct Marketing. A non-profit organization
dedicated entirely to meeting the needs of individuals who wish
to understand and apply the concepts of CRM. Comprehensive and
thought-provoking insight into all aspects of acquiring,
retaining and building sustainable profitability through CRM
:Association |
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Customer Satisfaction
Measurement Association |
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An association of companies that
conducts benchmarking studies to identify practices that improve
customer satisfaction and the overall operations of members.
Objective is to create a cooperative environment where full
understanding of the performance and enablers of "best in class"
business processes supporting customer satisfaction can be
obtained and shared at reasonable cost. :Association |
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International Customer
Service Association (ICSA) |
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Members are managers, directors,
vice-presidents, owners and CEOs of companies of all types and
sizes in virtually every industry, manufacturing and
nonmanufacturing, from the Fortune 500 to the emerging bluechips.
Resources include: ICSA Publications,Industry Surveys,
ICSA/E-Satisfy.com, Benchmarking Studies, The Customer Service
Excellence Collection, Technology Benchmarking Study,
Compensation Study, Special Reports, Bookstore. :Association |
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American Marketing
Association (AMA) |
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Emphasize the integration of marketing
and selling activities within the firm, across networks of
partner firms, and throughout the value chain. Interests cover a
broad range of topics including relationship management, B2B
e-Business, technology management, sales management, value-based
marketing, channels, integrated marketing communications, among
many others. Marketing Templates, Presentation Support, Public
Relations Tools, ROI Enhancers, Statistics Resources, Business
Book Summaries. :Association |
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Customer Retention
is not Enough |
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A recent two-year study of the
attitudes of 1,200 households toward companies in 16 industries
shows that focusing on smaller changes in customer spending can
have as much as ten times more value than concentrating on
defections alone. Although, customer retention has become the
Holy Grail in industries from airlines to wireless, defecting
customers are far less of a problem than customers who change
their buying patterns. Today's typical metrics of customer
satisfaction and defection don't tell a company how susceptible
its customers are to changing their spending patterns. :Chris
Buzelli :McKinsey Quarterly :3/1/2002 :Article |
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The power of
pricing |
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The one-two punch of cyclical and
newer factors has eroded corporate pricing power and forced
frustrated managers to look in every direction for ways to hold
the line. Transaction pricing is the key to surviving the current
downturn - and to flourishing when conditions improve. A clear
understanding of how revenue leaks away through mismanaged
transaction pricing can show companies where lost profits could
be regained. New tools are making it easier to manage transaction
prices and thus preserve margins and increase operating profits.
:Michael V. Marn, Eric V. Roegner, and Craig C. Zawada :The
McKinsey Quarterly, 2003 Number 1 :1/1/2003 :Article |
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The Customer
Management Scorecard: A strategic framework for benchmarking
performance against best practice. |
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Current, practical tools to implement
customer strategy and process. Includes: 35 recent benchmarks and
case studies of good and best customer management practices, a
programme manager's checklist - everything for the key stages of
planning and team selection, financials and business case,
managing change and reviewing and maintaining performance; 10 key
approaches for analysing customer worth and behaviour; in-depth
coverage of how the Customer Review process works in action;
Checklist of measures for assessing commitment rather than mere
satisfaction and more. : Optima Media Group :Questionnaire |
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B2Btalk.org |
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Not-for-profit resource designed by
B2B marketers for B2B marketers - forum, sounding board, advice
column, career center and library. B2B marketing strategies,
advertising trends and PR tactics. Browse articles, screened
industry links, opinion columns, and book reviews. Connect with
your peers in ongoing discussion threads, or spark a discussion
of your own. Interact with B2B experts during our dynamic,
guest-hosted chats. :Portal |
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What ever happened to
Burma-Shave? Pattern thinkers can outsmart brand rivals in a
changing marketplace. |
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A static brand can quickly become
irrelevant. But brand innovation also has its risks. Patterns
that have played out in other industries can help managers
anticipate when and how a brand must change. Current research
suggests that pattern thinking can also help to anticipate how
and when a brand must evolve. Describes brand patterns: a
catalogue of the ways brands evolve. These eighteen patterns,
arrayed by type and by incidence, describe how market shifts
affect brand strategy. Anticipating which brand patterns are
likely to unfold gives managers a critical head start in crafting
the next winning moves for their brand. :John Kania and Adrian
Slywotzky :Mercer Management Journal :6/1/2000 :Article |
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