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Critical Components for Building
     a Customer-Centric Organization
What does it mean to be Customer-Centric?
           The heart of the word customer is “custom.” Great companies understand
          this. They know building a value proposition around what customers really
             want – and will want in the future is the foundation far a competitive
                               advantage and business success.




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
What are the benefits of Centricity?
        •      A profitable customer base
        •      Clear understanding of how to grow your business and profits, based on a
               deep knowledge of your customers
        •      An ability to respond quickly to your customer needs and changes in
               your business environment
        •      A faster, more efficient organization, as everyone beats to the same drum
        •      Better protection in downturns, due to more loyal customers




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
Commonalities of Customer-Centric Businesses
1.
                       They see themselves not as a group of products, services,
                        territories or functions, but as a portfolio of customers.




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
2.
               They know how much money they make or lose with each of their
                    customers or customer segments and understand why.




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
3.
                    They understand the individual needs of different customers
                   and group them into operational segments and sub-segments.




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
4.
           They continually innovate by updating their customer segments and
      sub-segments, improving their value propositions as customer needs change.




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
5.
          They create a completely unassailable customer-innovation advantage
        based on models grounded in continuous testing at customer touch-points.




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
How do organizations become Customer-Centric?
        1. Clear Vision. Everyone in the company understands what’s important and there is unwavering belief
              that an intense focus on creating the best possible experience for customers is the best way to grow the
              businesses.

        2. Intimate Customer Insight. Commitment to set aside “what we think we know,” replacing it
              with a current, accurate and data driven understanding of customers needs, preferences, and
              expectations.

        3. Customer Value. Put your valuable customers at the core of strategy and day-to-day operations.
              Every action is first evaluated by its impact on customers. Valuable customers is an important term. It
              describes the most profitable customers, rather than the largest number of customers.

        4. Collective Collaboration. Get employees at all levels involved.          You need to help employees
              better serve customers with investments in training and enabling tools.

        5. Constant Communications. Develop an explicit internal communications plan to make sure that
              your employees are kept up to date on the priorities and progress of these efforts.


        6. Tie Rewards to the Outcomes You Want. Create metrics and reward customer experience
              success. The true commitment to customer experience shows up when employees get public
              acknowledgements and incentives for exceeding those goals.
© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
About Us
           Customer Relationships – Engage. Keep. Grow.
           Customer Insight Group is a strategic marketing company that uses
           customer information to help its clients engage in successful and
           profitable long-term relationships with each and every customer.

           Loyalty Marketing & Social Media Marketing Services:
           •    Strategy
           •    Design
           •    Implementation
           •    Program Management
           •    Program Refinement




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
 Phone: 303.422.9758
Free Loyalty Report

          Check out Customer Insight Group’s FREE Loyalty Report!
          http://www.customerinsightgroup.com/white_papers/brochure_loyaltyreport_2011.pdf




© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
Phone: 303.422.9758
Connect With Us                       www.customerinsightgroup.com


                     linkedin.com/company/240235?trk=tyah


                      twitter.com/sallieburnett


                     facebook.com/customerinsightgroup


                      customerinsightgroup.com/rss-feed/


                        info@customerinsightgroup.com



© 2012 Customer Insight Group
Website: www.customerinsightgroup.com
 Phone: 303.422.9758

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Critical Tips for Building a Customer-Centric Organization

  • 1. Critical Components for Building a Customer-Centric Organization
  • 2. What does it mean to be Customer-Centric? The heart of the word customer is “custom.” Great companies understand this. They know building a value proposition around what customers really want – and will want in the future is the foundation far a competitive advantage and business success. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 3. What are the benefits of Centricity? • A profitable customer base • Clear understanding of how to grow your business and profits, based on a deep knowledge of your customers • An ability to respond quickly to your customer needs and changes in your business environment • A faster, more efficient organization, as everyone beats to the same drum • Better protection in downturns, due to more loyal customers © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 5. 1. They see themselves not as a group of products, services, territories or functions, but as a portfolio of customers. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 6. 2. They know how much money they make or lose with each of their customers or customer segments and understand why. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 7. 3. They understand the individual needs of different customers and group them into operational segments and sub-segments. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 8. 4. They continually innovate by updating their customer segments and sub-segments, improving their value propositions as customer needs change. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 9. 5. They create a completely unassailable customer-innovation advantage based on models grounded in continuous testing at customer touch-points. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 10. How do organizations become Customer-Centric? 1. Clear Vision. Everyone in the company understands what’s important and there is unwavering belief that an intense focus on creating the best possible experience for customers is the best way to grow the businesses. 2. Intimate Customer Insight. Commitment to set aside “what we think we know,” replacing it with a current, accurate and data driven understanding of customers needs, preferences, and expectations. 3. Customer Value. Put your valuable customers at the core of strategy and day-to-day operations. Every action is first evaluated by its impact on customers. Valuable customers is an important term. It describes the most profitable customers, rather than the largest number of customers. 4. Collective Collaboration. Get employees at all levels involved. You need to help employees better serve customers with investments in training and enabling tools. 5. Constant Communications. Develop an explicit internal communications plan to make sure that your employees are kept up to date on the priorities and progress of these efforts. 6. Tie Rewards to the Outcomes You Want. Create metrics and reward customer experience success. The true commitment to customer experience shows up when employees get public acknowledgements and incentives for exceeding those goals. © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 11. About Us Customer Relationships – Engage. Keep. Grow. Customer Insight Group is a strategic marketing company that uses customer information to help its clients engage in successful and profitable long-term relationships with each and every customer. Loyalty Marketing & Social Media Marketing Services: • Strategy • Design • Implementation • Program Management • Program Refinement © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 12. Free Loyalty Report Check out Customer Insight Group’s FREE Loyalty Report! http://www.customerinsightgroup.com/white_papers/brochure_loyaltyreport_2011.pdf © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758
  • 13. Connect With Us www.customerinsightgroup.com linkedin.com/company/240235?trk=tyah twitter.com/sallieburnett facebook.com/customerinsightgroup customerinsightgroup.com/rss-feed/ info@customerinsightgroup.com © 2012 Customer Insight Group Website: www.customerinsightgroup.com Phone: 303.422.9758