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Build Your Customer Strategy. A Guide to Creating Profitable Customer Relationships

  • ID: 2326435
  • Book
  • October 2006
  • 224 Pages
  • John Wiley and Sons Ltd
"The customer relationships that a company is able to cultivate represent the most important asset that will never appear on its balance sheet."

From Chapter 1 of Build Your Customer Strategy

Build Your Customer Strategy: A Guide to Creating Profitable Customer Relationships spells out how to create profitable and lasting customer relationships. It demystifies creating the great customer experience something that everyone seems to be talking about these days by showing you how to approach "experience" in ways your competitors haven′t even thought of.

Praise for Build Your Customer Strategy: A Guide to Creating Profitable Customer Relationships

"Jim Barnes has written a down–to–earth, highly readable book that takes you through real examples with concrete ideas you can use today. Fact is, customers are the only source of revenue, and Jim will help your company build the strategy to grow the value of each customer to your firm, by making sure your firm becomes more valuable to each customer."
Don Peppers and Martha Rogers, PhD coauthors, The One to One Future and Return on Customer

"Jim Barnes is in a class by himself as a guru who truly understands customer relationships from the customer′s point of view. Read Build Your Customer Strategy when you′re ready to move past slogans and technology–based CRM projects to create real customer equity and long–term profitability."
Bob Thompson, CEO CustomerThink Corp., and founder, CRMGuru.com

"Build Your Customer Strategy is the book for leaders committed to creating genuine connections with clients. Jim goes beyond conventional thinking to help businesses understand, create, and implement a strategy that will result in the type of long–term loyal customers everyone wants the ones who bring their family and friends."
Anne Lockie, Executive Vice President, Sales Canadian Personal and Business Clients, RBC Royal Bank

"Excellent reading. Jim Barnes brings a refreshing perspective to customer service, loyalty and the importance of long–term, sustainable client relationships. Insightful and very educational."
Stephen Foster, Senior Vice President, Operations Starwood Hotels & Resorts Worldwide, Inc.

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Introduction.

Chapter 1 How Do You Make Them Feel?

The Focus Is on the Customer Just Listen!

Are You Customer Focused?

Wear That Customer Hat.

A Long–Term Strategy.

When Is a Relationship a Relationship?

The Hard and the Soft.

Customers Are People, Not Data Points.

We Need More Insight, Not More Data.

Remember That Quarter–Inch Drill.

The Little Things Aren t Little, That Is.

Not Marketing as We ve Known It.

It s Also a Different View of CRM.

This Isn t New, but It s Not Easy Either.

Chapter 2 Are They Loyal or Merely Satisfied?

Great Expectations.

They Do Not Expect to Be Surprised.

Satisfaction Is Functional, Loyalty Is Emotional.

Satisfaction Is Personal and Situational.

Fragility of Customer Satisfaction.

Bridging Satisfaction and Loyalty.

It s Not a Relationship, but I Love Shopping There!

Loyalty Is Alive and Very Well.

Repeat Buying Is Not Necessarily Loyalty.

We re in It for the Points.

Understanding Loyalty.

Loyalty: Functional or Emotional?

Why Satisfaction Is Like Cholesterol.

Transforming the Functionally Loyal

Five Steps to Solid Customer Relationships.

Where Do Expectations Fit?

What Does All This Mean for You?

Chapter 3 Create Meaningful Value.

What s Value Got to Do with It?

Value Creation: The Essential Role of the Firm.

Value Equation.

It s Just Not Worth the . . .

What Will They Value?

What Is Value?

Customer s View of Value.

Value Hierarchy.

Value Proposition: Functional and Emotional Components.

Giving and Taking Away.

Creating More Valuable Value.

Meaningful Value Creation: Being Lateral.

Think Customer Context: What Are They Going Through?

Value: The Essence of the Customer Strategy.

Chapter 4 You Mean a Lot to Them.

Becoming Customer Centric.

Nature of Customer Relationships.

They Know Them When They Feel Them 59

What Is a Relationship Anyway?

There s No Emotion.

Hierarchy of Emotions.

Emotions in Relationship Building.

Why Relationships Last.

How Can You Mean Something Special to Them?

Building Blocks of Customer Strategy.

Chapter 5 Beyond Mundane Experiences.

A Broader View.

Back to Relationship Building. Now They Are Experiences.

Central to Strategy Development.

Experience Is Not (Usually) Entertainment.

The Brand Experience.

What Contributes to the Experience?

Elevating the Experience Beyond the Mundane.

Personalizing the Customer Experience.

Scripts and Systems Not Personal!

Recognizing Life Events: The Concept of Graduation.

Bad Experiences: Why Do They Do That?

Stepping in to Help When Bad Things Happen.

Chapter 6 Things You Can Make Possible.

Ultimate Customer Experience.

Expectations Revisited.

Delivering the Unexpected.

Need for Contextual Intelligence.

B2B Perspective.

Create That Eclipse.

Two Boxes, Actually . . .

What Will It Take?

Let s Get Creative.

Really Thinking Outside the Box.

Great Cleaners? Not Anymore . . .

Intel Factor.

Suddenly, It s a Different Value Proposition.

Stepping Back.

Chapter 7 Payback Time.

Customer Relationships as Assets.

Curse of Customer Churn.

What Is a Loyal Customer Worth?

Real ROI from Customer Relationships.

VI3C: Some Just Look Good on You.

A Customer s Sphere of Influence.

What We Stand to Lose When They Leave.

An Aside: What About Historic Customer Value?

Danger of the Database View.

You Don t Want Them All, but Tread Carefully.

What s Important?

Chapter 8 How Are You Doing?

Characteristics of Relationship–Focused Firms.

20/20 Insight.

Not About Mining and Surveying.

Go Deep!

Where to Go for Insight.

More Structured Sources.

Plan to Measure Results.

Challenges of Being Accountable.

Accepting the Need to Measure.

We Can Measure This.

Measuring the Equity in the Relationship.

Connecting to Harder Numbers.

Relationship Segmentation.

Relationships at Risk.

Beneath the Radar: The Problem of the Almost Customer .

A Measurement Plan.

Chapter 9 What Management Needs to Know.

It s a Different View of Things.

What s Holding Us Back?

You Need Great People.

Creating Creativity.

Be Careful How You Pay Them.

Getting That Elusive Buy–In.

How Great Companies Got to Be That Good.

Resist the Temptation to Tell Everyone.

Putting It All Together.

Chapter 10 Putting It All Together.

Always Moving Forward.

Agreement to First Principles.

Understand the Strategy.

Looking through the Lens.

Supporting Decisions.

Progression of Thinking and Action.

Implications for Other Areas.

Over to You!

Appendix Customer Strategy Template.

Index.

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JIM BARNES is an internationally recognized consultant, speaker, and educator on customer relationship strategy and measurement. He offers a unique perspective on customer loyalty, approaching the subject from the customer′s perspective. He is the author of seven books, including the internationally acclaimed Secrets of Customer Relationship Management: It′s All About How You Make Them Feel. He regularly delivers conference keynotes and workshops on the broad subjects of customer relationship building and the creation of customer loyalty. He works with leading companies to build their customer strategies. He is a member of the Guru Panel at CRMguru.com and a regular contributor to many publications on the subject of customer strategies. He is Professor of Marketing at Memorial University and operates his consulting practice, Barnes Marketing Associates, Inc. (bmai–strategy.com), from his base in Canada. Dr. Barnes holds an MBA from the Harvard Business School and a PhD in marketing from the University of Toronto.
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