markma report chapter 5
DESCRIPTION
My individual report on Chapter 5 for Markma classTRANSCRIPT
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Creating Customer Value, Satisfaction and Loyalty
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How is this created?
• Through customer value• What are the steps in customer value
analysis?• Through customer satisfaction• What is CRM Framework?• Through customer loyalty• Customer retention: using database
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Customer Value
• What customer gets from a product & what he has to give to attain it
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Steps:Customer Value Analysis
• Know major attributes & benefits • Assess importance• Assess performances• Examine ratings
• Monitor customer values
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Customer Satisfaction
Measured
by number of repeat and happy customers
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CRM Framework
• Identify customers• Differentiate customers• Interact• Customize for each customer
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Customer Loyalty
Measure of success of supplier in retaining
a long term relationship with customer
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Customer Retention
• Use Database
-Identify/attract prospects-Target offers-Deepen loyalty-Reactivate customers-Avoid mistakes
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CUSTOMERS
Customer Value
Customer SatisfactionCustomer Loyalty
Framework
5 Steps:
Retention