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How Do You Find Profitable Customers? Get To Know Your Own

Once you know about customer value, your best customers’ migration path and what would lead those customers to defect, you enter a whole new acquisition game, writes Graham Hill.

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If You’re Going by the Old Rules, You Don’t Know Your Customer

Is your bank’s marketing strategy still powered by the old rules? asks Alan See, who explains that under the old rules, marketing uses a “spray and pray” approach to business development that reaches a large number of the wrong targets.

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CRM Futures: What If the Customer Were in Complete Control?

Howard Barrett asks you to imagine a world where advances in technology and changes in lifestyle and attitudes lead to a seismic shift in the way in which consumers interact with suppliers.

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When It Comes to Strategy, Don’t Take a Page From Telecoms

Every analysis of customer churn shows the same result: A staggering 70 percent leave because of poor service. So, asks David Rance, why don’t telecom companies focus more on customer service as a route to customer retention?

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Where Does Customer Lifetime Value Fit in Your Strategy?

When you’re evaluating alternative marketing strategies for a group of customers, customer lifetime value is extremely valuable for understanding the return on investment, writes Mei Lin Fung.

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How Much of the Chain Does Your Strategy Encompass?

The contemporary business ecosystem—with the customer at its hub—demands that the enterprise—nay, the extended—value chain be involved in the strategic planning of a brand holder, writes Paul Greenberg.

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What Is Senior Management’s Role in Cultural Change?

CRM cannot be implemented within an organization without any effort in cultural change management, aserts Silvana Buljan. That’s because, rather than being just another system implementation, customer relationship management means a substantial change in the company’s culture, she says.

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Erase Dumb Contacts, Melt Snowballs and Enhance the Voice of the Customer

The best way to approach customer contact is to work to eliminate the need for contact at all. That was the message from Bill Price, president of Driva Solutions and first vice president in charge of global customer service for Amazon.com, speaking before delegates at the CustomerThink Leadership Summit in June.

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Performance Is the Real Test of Your CRM Initiative

The overall performance of any organization is the result of the performance of the processes that conform to it; and the performance of any individual process is the result of the performance of the activities that make up the process. It all adds up to getting things done, writes Rafael Rodriguez.

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If You Benchmark, You’ll Find Customer-Centricity Sells Itself

Every company is absolutely convinced that it is customer centric. But this conviction, says Lior Arussy, is the No. 1 threat to any executive trying to launch a customer strategy in his company.

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