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E-grāmata: Managing Customer Experience and Relationships: A Strategic Framework

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(President and Founder of Marketing 1:1, Inc.), (Founding partner of Marketing 1:1, Inc.), Foreword by
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  • Izdošanas datums: 25-Oct-2016
  • Izdevniecība: John Wiley & Sons Inc
  • Valoda: eng
  • ISBN-13: 9781119239819
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  • Formāts: EPUB+DRM
  • Izdošanas datums: 25-Oct-2016
  • Izdevniecība: John Wiley & Sons Inc
  • Valoda: eng
  • ISBN-13: 9781119239819
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Boost profits, margins, and customer loyalty with more effective CRM strategy Managing Customer Experience and Relationships, Third Edition positions the customer as central to long-term strategy, and provides essential guidance toward optimizing that relationship for the long haul. By gaining a deep understanding of this critical dynamic, you'll become better able to build and manage the customer base that drives revenue and generates higher margins. A practical framework for implementing the IDIC model merges theory, case studies, and strategic analysis to provide a ready blueprint for execution, and in-depth discussion of communication, metrics, analytics, and more allows you to optimize the relationship on both sides of the table. This new third edition includes updated examples, case studies, and references, alongside insightful contributions from global industry leaders to give you a well-rounded, broadly-applicable knowledge base and a more effective CRM strategy. Ancillary materials include a sample syllabus, PowerPoints, chapter questions, and a test bank, facilitating use in any classroom or training session.

The increased reliance on customer relationship management has revealed a strong need for knowledgeable practitioners who can deploy effective initiatives. This book provides a robust foundation in CRM principles and practices, to help any business achieve higher customer satisfaction.





Understand the fundamental principles of the customer relationship Implement the IDIC model to improve CRM ROI Identify essential metrics for CRM evaluation and optimization Increase customer loyalty to drive profits and boost margins

Sustainable success comes from the customer. If your company is to meet performance and profitability goals, effective customer relationship management is the biggest weapon in your arsenalbut it must be used appropriately. Managing Customer Experience and Relationships, Third Edition provides the information, practical framework, and expert insight you need to implement winning CRM strategy.
Foreword xiii
Phil Kotler
Preface xvii
Acknowledgments xxi
About the Authors xxiii
PART I PRINCIPLES OF MANAGING CUSTOMER EXPERIENCE AND RELATIONSHIPS
1(70)
Chapter 1 Evolution of Relationships with Customers and Strategic Customer Experiences
3(40)
Roots of Customer Relationships and Experience
5(6)
Traditional Marketing Redux
11(9)
What Is a Relationship? Is That Different from Customer Experience?
20(1)
Who Is the Customer?
21(1)
How to Think about Customer Experience
22(3)
Return on Customer: Measuring the Efficiency with Which Customers Create Value
25(3)
The Technology Revolution and the Customer Revolution
28(2)
Royal Bank of Canada's 16 Million Loyal Customers
30(4)
The ROI of Building Customer Relationships in Financial Services
34(4)
Summary
38(1)
Food for Thought
39(1)
Glossary
39(4)
Chapter 2 The Thinking behind Customer Relationships That Leads to Good Experiences
43(28)
Why Do Companies Work at Being "Customer-Centric"?
44(2)
What Characterizes a Relationship?
46(1)
Continuing Roles for Mass Media and Branding
46(1)
Characteristics of a Genuine Business Relationship
47(3)
Building Genuine Customer Connections: A Framework for Understanding Customer Relationships (James G. Barnes)
50(11)
Customer Loyalty: Is It an Attitude? Or a Behavior?
61(2)
Loyalty Programs
63(3)
Summary
66(1)
Food for Thought
67(1)
Glossary
67(4)
PART II IDIC IMPLEMENTATION PROCESS: A MODEL FOR MANAGING CUSTOMER RELATIONSHIPS AND IMPROVING CUSTOMER EXPERIENCES
71(284)
Chapter 3 Customer Relationships: Basic Building Blocks of IDIC and Trust
73(46)
Trust and Relationships Happen in Unison
74(5)
IDIC: Four Implementation Tasks for Creating and Managing Customer Experiences and Relationships
79(3)
How Does Trust Characterize a Learning Relationship?
82(1)
The Speed of Trust (Stephen M. R. Covey)
82(3)
The Trust Equation: Generating Customer Trust (Charles H. Green)
85(7)
Becoming More and More Trustable to Customers
92(4)
The Age of Transparency (Dov Seidman)
96(5)
Basic Principles of Twenty-First-Century Trustability
101(1)
Do Things Right and Do the Right Thing
102(1)
Be Proactive
103(3)
The Man with the Folding Chair
106(2)
Relationships Require Information, but Information Comes Only with Trust
108(3)
Scenario: Governments Develop Learning Relationships with "Citizen-Customers"
111(5)
Summary
116(1)
Food for Thought
116(1)
Glossary
117(2)
Chapter 4 Identifying Customers
119(24)
Individual Information Requires Customer Recognition
120(4)
The Real Objective of Loyalty Programs and Frequency Marketing Plans
124(5)
What Does Identify Mean?
129(4)
Customer Data Revolution
133(5)
The Role of the "Internet of Things" and Smart Products in Managing Relationships with Customers
138(1)
Summary
139(1)
Food for Thought
139(1)
Glossary
140(3)
Chapter 5 Differentiating Customers: Some Customers Are Worth More Than Others
143(44)
Customer Value Is a Future-Oriented Variable
145(13)
Assessing a Customer's Potential Value
158(1)
Different Customers Have Different Values
159(1)
Pareto Principle and Power-Law Distributions
160(5)
Customer Referral Value
165(5)
Is It Fair to "Fire" Unprofitable Customers?
170(1)
Dealing with Tough Customers
171(8)
Canada Post Customer Value Management Program: Using Value to Differentiate Customer Relationships (Janet LeBlanc)
179(3)
Summary
182(1)
Food for Thought
183(1)
Glossary
184(3)
Chapter 6 Differentiating Customers by Their Needs
187(30)
Definitions
188(3)
Demographics Do Not Reveal Needs
191(1)
Differentiating Customers by Need: An Illustration
192(1)
Scenario: Financial Services
193(1)
Understanding Customer Behaviors and Needs
194(2)
Needs May Not Be Rational, but Everybody Has Them
196(1)
Why Doesn't Every Company Already Differentiate Its Customers by Needs?
197(1)
Categorizing Customers by Their Needs
198(2)
Understanding Needs
200(2)
Community Knowledge
202(4)
Using Needs Differentiation to Build Customer Value
206(2)
Scenario: Universities Differentiate Students' Needs
208(4)
Summary
212(1)
Food for Thought
213(1)
Glossary
213(4)
Chapter 7 Interacting with Customers: Customer Collaboration Strategy
217(36)
Dialogue Requirements
219(1)
Implicit and Explicit Bargains
220(2)
Do Consumers Really Want One-to-One Marketing?
222(1)
Two-Way, Addressable Media: A Sampling
223(3)
Technology of Interaction Requires Integrating across the Entire Enterprise
226(3)
Managing Customer Experiences by Taking the Customer's Perspective (Mounir Ariss)
229(5)
Customer Dialogue: A Unique and Valuable Asset
234(2)
Customizing Online Communication (Tom Spitale)
236(3)
Not All Interactions Qualify as "Dialogue"
239(1)
When the Best Contact Is No Contact (Bill Price and David Jaffe)
240(3)
Contact Centers Take a New Approach to Customer Interactions (Elizabeth Glagowski)
243(1)
Cost Efficiency and Effectiveness of Customer Interaction
244(1)
Complaining Customers: Hidden Assets?
245(3)
Summary
248(1)
Food for Thought
248(1)
Glossary
249(4)
Chapter 8 Customer Insight, Dialogue, and Social Media
253(36)
The Dollars and Sense of Social Media
254(6)
Listening to Customers
260(1)
The Importance of Listening and Social Media (Becky Carroll)
261(6)
Crowd Service: Customers Helping Other Customers (Dr. Natalie L. Petouhoff)
267(10)
Age of Transparency
277(1)
As Interactions Multiply, Trust Becomes More Important
277(6)
Influencing the Influencers
283(3)
Summary
286(1)
Food for Thought
286(1)
Glossary
287(2)
Chapter 9 Privacy and Customer Feedback
289(32)
The Trust Advantage of Robust Data Stewardship (John Rose)
294(9)
Individual Privacy and Data Protection (Larry A. Ponemon, Ph.D.)
303(3)
Privacy in Europe Is a Different World
306(1)
European Organization for Economic Cooperation and Development Privacy Guidelines
307(3)
Privacy Pledges Build Enterprise Trust
310(3)
10 Points to Consider in Developing a Company's Privacy Pledge
313(1)
Submitting Data Online
314(3)
Universal ID
317(1)
Summary
318(1)
Food for Thought
318(1)
Glossary
318(3)
Chapter 10 The Payoff of IDIC: Using Mass Customization to Build Learning Relationships
321(34)
How Can Customization Be Profitable?
322(3)
Demand Chain and Supply Chain
325(6)
Technology Accelerates Mass Customization
331(2)
Customization of Standardized Products and Services
333(4)
Value Streams
337(1)
Bentley Systems Creates Value Streams
338(4)
A Quick Primer on Business Rules (Bruce Kasanoff)
342(4)
Culture Rules
346(3)
Summary
349(1)
Food for Thought
350(1)
Glossary
350(5)
PART III MEASURING AND MANAGING TO BUILD CUSTOMER VALUE
355(222)
Chapter 11 Optimizing around the Customer: Measuring the Success of Customer-Based Initiatives and the Customer-Centric Organization
357(56)
Customer Equity
364(9)
What Is the Value Today of a Customer You Don't Yet Have?
373(3)
Customer Loyalty and Customer Equity
376(4)
Return on Customer
380(4)
Return on Customer = Total Shareholder Return
384(5)
Measuring, Analyzing, and Utilizing Return on Customer
389(4)
Leading Indicators of LTV Change
393(8)
Stats and the Single Customer
401(1)
Maximize Long-Term Value and Hit Short-Term Targets
402(7)
Summary
409(1)
Food for Thought
410(1)
Glossary
410(3)
Chapter 12 Using Customer Analytics to Build the Success of the Customer-Strategy Enterprise
413(34)
Verizon Wireless Uses Analytics to Predict and Reduce Churn
415(2)
CRM in the Cloud
417(7)
Customer Intelligence in the Era of Data-Driven Marketing (Jim Goodnight)
424(7)
Boosting Profits by Up-Selling in Firebrand Real Estate Developers
431(8)
Looking for the Right Time to Sell a Mortgage Loan
439(4)
Summary
443(1)
Food for Thought
444(1)
Glossary
445(2)
Chapter 13 Organizing and Managing the Profitable Customer-Strategy Enterprise, Part 1
447(66)
Customer Experience: What, Why, and How (Alan Pennington)
449(11)
How Do We Fix Service? (Bill Price and David Jaffe)
460(4)
Improving Customer Service at an Online Financial Services Firm
464(3)
Customers, Customer Service, and the Customer Experience (Christopher J. Zane)
467(3)
Relationship Governance
470(6)
Understanding Customer Experience through Customer Journey Mapping (Valerie Peck)
476(26)
Customer Experience Capabilities and Competencies Compared to Financial Performance (Jeff Gilleland)
502(5)
Summary
507(1)
Food for Thought
507(1)
Glossary
508(5)
Chapter 14 Organizing and Managing the Profitable Customer-Strategy Enterprise, Part 2: Transitioning from Traditional Business to Customer Centricity
513(40)
Becoming a Customer-Strategy Organization (Marijo Puleo, Ph. D.)
514(5)
Pilot Projects and Incremental Change
519(2)
Picket Fence Strategy
521(2)
Segment Management
523(1)
Customer Portfolio Management
524(1)
Transition across the Enterprise
525(3)
Using Up Customers
528(3)
Transformation from Product Centricity to Customer Centricity
531(2)
Transition Process for Other Key Enterprise Areas
533(7)
Managing Employees in the Customer-Strategy Enterprise
540(4)
The Everyday Leader (Marilyn Carlson Nelson)
544(2)
Summary
546(1)
Food for Thought
547(1)
Glossary
548(5)
Chapter 15 Futureproofing the Customer-Centric Organization
553(24)
Leadership Behavior of Customer Relationship Managers
554(2)
Maintain and Increase the Trust of Customers
556(3)
Reciprocity in Action
559(1)
JetBlue Builds Trust into Its DNA
560(15)
Summary
575(1)
Food for Thought
576(1)
Name Index 577(8)
Term Index 585
DON PEPPERS is founder emeritus of Peppers & Rogers Group, and LinkedIn's most authoritative Influencer on the topic of "customer experience," with more than a quarter million followers.

MARTHA ROGERS, PH.D., is founder emerita of Peppers & Rogers Group, and has served as adjunct professor and Director of the Relationship Management Center at Duke University. She now heads Trustability Metrix.

Peppers and Rogers have published eight bestselling books together, including Return on Customer, Rules to Break and Laws to Follow, and The One-to-One Future. Their most recent book is the revised and updated paperback edition of Extreme Trust.