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Service-Profit Chain:

Customer Retention

Customer Service

Focusing on the Customer – and Doing Something About It

By: Vadim Kotelnikov

Founder, Ten3 Business e-Coach Inspiration and Innovation unlimited!

 

"Why do heaven and earth last forever? Because they are not self-serving."  ~ Lao Tzu

 

"A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large." ~ Henry Ford

 

"Treat the customer as an appreciating asset."  ~ Tom Peters 

 

Customer Satisfaction Service-Profit Chain Ten3 Business e-Coach: why, what, and how Creating Customer Value 1000ventures.com Employee Satisfaction Econimic Value Added Customer Retention

Creating Customer Value

10 Lessons from Konosuke Matsushita

  • After-sales service is more important than assistance before sales; it is through such service that one gets permanent customers... More

8 Best Practices of Successful Companies

Customer Loyalty

The Things that Customers Want

Customers will usually come back if:

  • Your keep your promises... More

Add More Value for Your Customer

  • Think of yourself as a provider of solutions, rather than of products or services... More

Main Subjects for Suggestions in Japanese Companies

  • Customer services and customers relations... More

 

 

Five Dimensions to Quality Customer Care

(defined by your customers)

A survey of several thousand customers conducted by the Service Quality Institute at Texas A&M University revealed the following five dimensions to quality customer care:

  1. Reliability

  2. Responsiveness

  3. A Feeling of Being Valued

  4. Empathy

  5. Competency

All-time High Need for Improved Customer Service

  • Technology and e-business are turning marketplace upside down

  • Customers have increasingly more choices

  • Customers have lower levels of brand and product loyalty

Enterprise-wide Business Process Management (EBPM)

8 Principles

  1. Look at your business from the outside-in, from the customer's perspective, as well as from the inside-out... More

80/20 Principle

10 Golden Rules for Successful Carriers

  • Identify your market and your core customers and serve them best... More

NLP Technology of Achievement

3 Rules for Dealing with Rude and Unfair Clients

  • Just because they are being negative, you don't have to be rude or defensive – concentrate on the problems, not the person... More

Winning Customers

Make the Competition Irrelevant

Marketing and Selling Quotes

Retaining Customers

Customers Will Usually Come Back If...

The Recipe is Simple, the Implementation Is Not

Customer care is vital to survival and success of a company. Still, many organizations are not doing it well. The American Customer Satisfaction Index 2000 published by the University of Michigan reported that 27% of customers were not satisfied with product or service they received.

Customer Success 360

 

The Biggest Differentiator

The new economic reality is one of ever increasing competition driven by rapid and continuous innovation, informed and demanding customers, commoditization of products and services, and relentless pressure to cut costs and improve services. In this environment, customer service and customer intimacy is a biggest differentiator for businesses and a key source of your sustainable competitive advantage.

Yin and Yang of Value Innovation

Selling Is Problem Solving

Kaizen Mindset

  • Imagine the ideal customer experience and strive to provide it.... More

Be the Best Possible

10 Tips by Ten3 NZ Ltd.

  • Be a "Go-giver" in customer service.  It's no secret that every organisation of value in today's world economy, is focused on customer service.  The future belongs to those individuals and businesses that service their customers in a superior fashion. To get ahead, organisations must know who their customers are and what they expect.  They must deliver more.  The same applies to you as a member of the organisation.  To get ahead in your current and future employment, you must first know who you customers are (e.g., your team leader) and what their expectations of you are.  You must then deliver more than those expectations.... More

Customer Service as a Competitive Advantage

Businesses have traditionally relied on technology and product innovation for competitive advantage. However, as products became commodities due to global competition and relentless technological advances, the battleground for differentiation and customer value creation shifted to customer intimacy and service. This service-focused competitive strategy has worked well for numerous companies across various industry sectors.

 Case in Point  Dell Inc.

"We learned to identify our core strengths," says Michael Dell, Founder of Dell Inc. “We wanted to earn a reputation for providing great customer service, as well as great products. Engaging the entire company – from manufacturing to engineering to sales to support staff – in the process of understanding customer requirements became a constant focus of management, energy, training, and employee education.“ ... More

Customer-driven Innovation: 7 Practice Tips

  • Live your customer's life, "walk a mile in the shoes of your customer".

  • Involve everyone, require every person, regardless of their position, to spend time on customer contact and services activities... More

Customers for Life

 

By: Brian Tracy

The purpose of a business is to create and keep a customer. If a business successfully creates and keeps customers in a cost-effective way, it will make a profit while continuing to survive and thrive. If, for any reason, a business fails to attract or sustain a sufficient number of customers, it will experience losses. Too many losses will lead to the demise of the enterprise.

According to Dun and Bradstreet, the single, most important reason for the failure of businesses in America is lack of sales. And, of course, this refers to resales as well as initial sales. So your company’s job is to create and keep a customer, and your job is exactly the same. Remember, no matter what your official title is, you are a salesperson for yourself and your company... More

 

 Discover much more in the

FULL VERSION of e-Coach

Building Cross-functional Cooperation...

Cross-functional Cooperation and Training...

Love What You Do...

Be Creative!...

 Case in Point  Creative Customer Service in a Furniture Shop...

Three 'R's of Customer Service...

Measuring Customer Satisfaction...

Two Dangerous Assumptions...

Getting Right Customer Feedback...

Eight Best Practices of Successful Companies...

Giving More for Less...

The Best Technique to Win the Customer Over...

Marketing & Selling Strategy at Different Company Growth Stages...

Understanding Risks Perceived by Customers...

"When" Is a New "What"...

Learning from Successes and Failures...

Two Main Ways to Grow Revenue...

Customer Intimacy...

Customer Partnership...

Listening to Your Customer...

Tailoring Your Solutions To Customer Needs...

 Success Story  Nike...

 Case in Point  Dell Computer Corporation...

 Case in Point  Wall-Mart...

 

 

 

 

References:

  1. "Exceptional Customer Service", Lisa Ford, David McNair, and Bill Perry

  2. "Companies Don't Succeed – People Do", Graham Roberts-Phelps

  3. "Best Practices: Building Your Business with Customer-Focused Solutions", Arthur Andersen

  4. "Doing More with Less: Next-Generation Strategies and Best Practices for Customer Service", White Paper by eGain Communications Corp.

  5. Winning Customers, Vadim Kotelnikov