Transcript
Page 1: Customer relationship transformation  can u keep up
Page 2: Customer relationship transformation  can u keep up
Page 3: Customer relationship transformation  can u keep up

Customer relationship can be the difference between winning

and losing business. If there is no real product unique selling

proposition, CR is the tool for winning business. Services Executive ‘‘

‘‘ Customer relationship has become a pressing issue

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For the interviewees, the main business objective

for Customer Relationship is …

53% Loyalty & Retention

Retaining customers by extending the customer

lifecycle and by giving them more reasons for brand

preference is what companies are striving for.

The alternative, hunting new customers, is just too

costly and time-consuming.

40% Differentiation

Building unique market positioning avoids

commoditization and price pressure.

But when this is not possible, CR can make the

difference.

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Page 6: Customer relationship transformation  can u keep up

85 % Of the interviewees think

digitalization and its effect

is a priority

Propose new services,

especially with apps, and

push personalized offers.

More frequent touchpoints,

interactivity and

engagement.

Gaining valuable customer

information.

Three benefits of

multichannel and mobile

marketing

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Challenges on the way to digitalization

Brand Challenge When it comes to branding there must be consistency across all online and offline

channels. Whether connecting with customers through a brochure or blog, a website or

newsletter, the brand values and messaging must not vary.

Organizational Challenge Digitalization has changed customers’ expectation with regard to how they interact with

brands and this in turn has created the need for organizational changes to deal with this.

Putting these changes into effect, and making the investments needed to support them,

are easier said than done.

People Challenge While using digital technology is second nature to employees who are digital

natives, or those who have grown up using it, the digital migrants among company

staff need to be supported and reassured about its use.

Failure to do so could lead to worsening CR in an environment where customers

are more demanding and informed.

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The Social Media question – 3 main challenges

1. Controlling versus letting go

We voluntarily don’t have a web moderator, Consumers are free

to give their opinions on our brand and products. What’s key is

to be credible. Retail Executive ‘‘

‘‘

In our company, social media falls between communication and

CR. We struggled with it for years until we decided to define

clear roles and responsibilities depending on the scope or

type of requests. Services Executive ‘‘ ‘‘

We are realizing that it is simply not feasible to have a presence

on all major social networking platforms. We have to prioritize

the places where a presence would be most beneficial. ‘‘

‘‘

2. Defining consistent rules

3. Defining your territory

Page 9: Customer relationship transformation  can u keep up
Page 10: Customer relationship transformation  can u keep up

Fatigue is real, with new customers who often have an “I have

this already” attitude. Telecommunications executive ‘‘

‘‘

50%

Percentage of FMCG

and financial service

interviewees for whom

customer fatigue is an

increasingly important

concern.

55%

Percentage of

interviewees for

whom customer

knowledge and

feedback are priority

issues.

Companies want more and more knowledge and

feedback but need to avoid customer fatigue

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Implementing a “voice of customer” culture

is a key challenge for customer relationship

Create a customer relationship committee Encourage employees to get closer to

clients and listen to them

Carefully select who you want to talk

to, who should talk to them and how

Measure, measure and measure again!

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48% of interviewees

think

standardization

vs. customization

is a top-of-mind

question

The main challenge is to build a global framework not only from the top-down

but also from the bottom-up. The aim is to find the right balance between the

non-negotiable parts of CR and what should be left to local initiative.

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Clarify the CR function Where does it start? Where does it end? Role, organization and reporting line

Improve the internal perception While there is no magic formula that will solve this, there is a

growing trend to have a dedicated CR department with a transverse role, often reporting directly to the CEO

Break the silos Businesses need to adapt and remove the distinctions between digital and physical, before and after sales, as well as among the different departments involved

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Rethink performance measurement and indicators

Clearer, more defined and appropriate KPIs will give a better indication of how CR is doing.

Instill a new management culture Encourage trust, responsibility, accountability and initiative and find your customer relationship heroes.

Take a long-term view of CR investments – they will pay off

Despite the potential growth they could generate, long-term CR investments are often sidelined in favor of short-term savings.

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Direct Value Driver CR should be a

profit center,

possibly the first.

Technical and Caring

Personalized

Ambassador

Trust, Transparency

and Choice

People who have

CR roles should

have

the technical

skills to manage

the speed of

technological

changes while

having the soft

skills to

handle the

human and

emotional effects

of this.

Treat each

customer as the

individual he or

she is.

Customers

should become

the biggest

ambassadors

of the brand and

the first CR

representatives. Respect the

fundamentals of

trust and

sincerity, and

do not force your

customers into a

tight relationship.

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Find the full 40-page report online

www.kea-partners.com

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