Consumer reviews have a significant influence on purchasing decisions. 70% of people trust online reviews and 82% think reviews are valuable. A one star rating increase on Yelp can mean a 5-9% increase in restaurant revenue. While shoppers trust reviews on Amazon and Best Buy more than consumer reports, 80% are concerned about fake reviews. Marketers write approximately one third of reviews, and consumers read an average of 11 reviews before purchasing. Good customer service leads to more positive reviews, while 31% of reviews need to be negative to doubt a product's quality. PR practitioners should treat reviews like social media and respond to negative reviews to protect brands from fake reviews.
The document summarizes the results of a survey on customer loyalty. The survey found that (1) quality, reputation, pricing/discounts/promotions, and free shipping help build positive brand image, (2) most consumers identify as loyal to brands and purchase from their favorite brands monthly or weekly, and (3) consumers strongly care about loyalty programs and believe they influence repeat purchases. The summary concludes that customer loyalty techniques can help brands succeed long-term.
Unhappy customers can significantly impact a company's bottom line through negative word-of-mouth advertising and lost sales. Studies show that 68% of unhappy customers felt disinterested or indifferent, and one dissatisfied luxury car owner can cost a dealership $100 million in annual revenue from lost sales. As social media has made it easier for customers to share negative opinions, companies place high value on resolving issues with challenging customers to maintain satisfaction and minimize financial losses.
Four Laws of Social Business (Jeremiah Owyang, Altimeter Group)SMASH Summit
This document outlines four laws of social business according to Jeremiah Owyang of the Altimeter Group:
1. Don't focus on social media technologies but rather understand customers and their behaviors.
2. Ensure the company is ready for social media internally before launching external efforts. Only 20% is about technologies while 80% is internal preparation.
3. Treat customers holistically across departments rather than focusing on silos with the adoption of social customer relationship management (CRM) systems.
4. Real-time responses are not fast enough in today's social media environment.
Recent changes in retailing include the growth of new retail forms and combinations as well as intertype competition as all retailers carry similar merchandise. Giant retailers have also grown, crowding out smaller manufacturers that cannot supply large quantities. Most retailers now heavily invest in technology to improve forecasting, inventory control, and electronic ordering from suppliers. Additionally, major retailers with unique formats are expanding globally, and shopper marketing within stores is increasing as most purchase decisions are made in-store.
Consumer reviews have a significant influence on purchasing decisions. 70% of people trust online reviews and 82% think reviews are valuable. A one star rating increase on Yelp can mean a 5-9% increase in restaurant revenue. While shoppers trust reviews on Amazon and Best Buy more than consumer reports, 80% are concerned about fake reviews. Marketers write approximately one third of reviews, and consumers read an average of 11 reviews before purchasing. Good customer service leads to more positive reviews, while 31% of reviews need to be negative to doubt a product's quality. PR practitioners should treat reviews like social media and respond to negative reviews to protect brands from fake reviews.
The document summarizes the results of a survey on customer loyalty. The survey found that (1) quality, reputation, pricing/discounts/promotions, and free shipping help build positive brand image, (2) most consumers identify as loyal to brands and purchase from their favorite brands monthly or weekly, and (3) consumers strongly care about loyalty programs and believe they influence repeat purchases. The summary concludes that customer loyalty techniques can help brands succeed long-term.
Unhappy customers can significantly impact a company's bottom line through negative word-of-mouth advertising and lost sales. Studies show that 68% of unhappy customers felt disinterested or indifferent, and one dissatisfied luxury car owner can cost a dealership $100 million in annual revenue from lost sales. As social media has made it easier for customers to share negative opinions, companies place high value on resolving issues with challenging customers to maintain satisfaction and minimize financial losses.
Four Laws of Social Business (Jeremiah Owyang, Altimeter Group)SMASH Summit
This document outlines four laws of social business according to Jeremiah Owyang of the Altimeter Group:
1. Don't focus on social media technologies but rather understand customers and their behaviors.
2. Ensure the company is ready for social media internally before launching external efforts. Only 20% is about technologies while 80% is internal preparation.
3. Treat customers holistically across departments rather than focusing on silos with the adoption of social customer relationship management (CRM) systems.
4. Real-time responses are not fast enough in today's social media environment.
Recent changes in retailing include the growth of new retail forms and combinations as well as intertype competition as all retailers carry similar merchandise. Giant retailers have also grown, crowding out smaller manufacturers that cannot supply large quantities. Most retailers now heavily invest in technology to improve forecasting, inventory control, and electronic ordering from suppliers. Additionally, major retailers with unique formats are expanding globally, and shopper marketing within stores is increasing as most purchase decisions are made in-store.
The document discusses measuring the value of social media and its impact on business performance. It notes that traditional metrics only measure single channels, while consumers use multiple channels. It recommends quantifying social media value by measuring influence on visits and purchases across channels. The document also stresses the importance of measuring success through customer satisfaction and behaviors like return visits and recommendations, not just organization metrics. It introduces ForeSee Results, a company that applies scientific measurement of customer satisfaction across industries to provide actionable insights into performance.
- Promotional products like pens, notebooks and mugs remain popular desk items, while USBs and mouse mats are gaining popularity.
- Over 90% of respondents had at least one promotional product on their desk.
- Product usefulness, quality and price are top priorities for buyers, but quality issues remain a frustration for many.
- Personal recommendations and relationships with suppliers are important factors in selection, more so than price alone.
- The majority of companies spend £5,000 or less annually on promotional products, with an increasing demand for personalization.
CRM & Customer Insight stats from August - from the rais teamWill Young
Retailers have attracted more email subscribers but engagement has decreased over time. While the proportion of active subscribers increased 8% from 2013-2015, the proportion who last engaged over a year ago also increased 7%. Additionally, marketers continue to spend less on email despite its good ROI. While email provides a relatively cheap way to generate orders, marketers don't increase spending to maintain subscriber interest levels. Finally, factors inhibiting successful campaigns have shifted from resource limitations to issues with data quality and a lack of relevant, targeted content.
Social Media Measurement for Product Development, Non-Profits & Influencer Ma...Brian Honigman
For my seventh class on Social Media Analytics taught at NYU, the focus was learning how to measure campaigns on social media centered on product development, non-profits and influencer marketing.
Retailers are continuing to employ promotional tactics like coupons, price cuts, and social media partnerships to attract customers and drive sales, even as retail spending has increased. Coupon use rose significantly in 2009 and remains important for consumer packaged goods companies. Retailers are also using social media more to connect with customers. Additionally, an in-store marketing technique called "shopper marketing" that aims to influence purchasing decisions has grown rapidly. Marketers must be aware of and support the programs retailers use to promote products to consumers both in-store and outside of the store.
The document summarizes the results of a consumer retail survey of over 1,000 Americans regarding their thoughts on marketing emails from retailers. Key findings include:
- Consumers only open 1 in 4 emails and find 1 in 20 emails personally relevant, showing emails are often not relevant or targeted.
- Most consumers receive over 6 emails per week from retailers, which two-thirds say is too many.
- Nearly half of consumers have unsubscribed from retailer emails in the past 6 months due to irrelevant content and high volume.
- To improve engagement, the document recommends retailers better segment consumers and tailor emails based on individual interests, passions and purchase behaviors.
Customer experience is a vital part of most companies’ wider business and customer strategies. But when a great NPS score isn't enough to convince the C-suite to make CX a priority, this info-graphic and its staggering stats will no doubt make them turn up the heat on customer experience.
This document discusses the importance of reputation management for small e-commerce retailers and provides tips for best practices. It notes that consumers highly value recommendations from friends and other users. The history of online reputation management for small businesses is reviewed, highlighting the growth of social media. Key points in handling customer feedback are outlined, including not ignoring issues but also not overreacting. A case study of GoGreenSolar shows how proactively seeking feedback on platforms like Facebook helped increase sales by 20% monthly. The tips for retailers emphasize moving from reactive to proactive reputation management and making it easy for customers to provide feedback.
Love Your Brand, Set it Free - Branding in the Digital AgeClaravon Group
The social world has shattered the idea of a brand as something that can be controlled. Technology and social media have forever changed relationships between customers, companies and their brands. This presentation explores branding in the digital age, including how to influence brand perceptions and inspire passionate advocacy for your brand. Learn who really owns your brand, how letting go creates value and why liberated brands succeed.
8 Word-of-Mouth Marketing Stats You Need To Know Right NowAmbassador
Word-of-mouth marketing through recommendations from family and friends is the most trusted source of information for consumers, influencing over 90% of B2B buyers and the purchasing decisions of millennials. Offline and online word-of-mouth increases marketing effectiveness by up to 54% and over half of purchases inspired by social media sharing occur within 3 weeks. Referred customers also have a lifetime value 16% higher than non-referred customers.
11 Stats You Didn’t Know About Employee RecognitionOfficevibe
Recognizing employees is one of the most overlooked facets of managements that even great leaders sometimes forget about. Without a good employee recognition strategy, people will feel unappreciated and build up stress.
In fact, the number 1 reason why most Americans leave their jobs is that they don’t feel appreciated . The last thing you want is to have high employee turnover because of poor employee recognition.
Officevibe put together some incredible statistics about employee recognition.
Read more on Officevibe blog:
https://www.officevibe.com/blog/employee-recognition-infographic
Learn more about Officevibe, the simplest tool for a greater workplace:
https://www.officevibe.com/
Follow us on Facebook:
https://www.facebook.com/officevibe
8 critical trends & battles for marketing in 2015Michael Wolfe
This document outlines 8 critical trends and challenges that marketers will face in 2015. These include: mastering big data to gain insights and influence; proving marketing's value through return on investment metrics to secure budgets; shifting more budgets to digital channels while balancing digital and traditional media; engaging customers through social media; improving measurements of the customer experience; replacing outdated customer research tools; capitalizing on economic growth despite past stagnation; and increasing job security by doing the right things.
Data That Supports True Sales and Marketing AlignmentMarried2Growth
The document discusses how to achieve true alignment between sales and marketing. It outlines 4 "watershed moments" for a company: 1) establishing joint criteria for assigned marketing-generated leads; 2) creating a shared sales and marketing operations role; 3) developing an explicit joint data strategy; and 4) moving from separate sales and marketing KPIs to shared KPIs like inbound pipeline created. By focusing on shared goals and metrics like customer acquisition cost, lifetime value, and the "magic number" ratio, companies can drive capital efficient scale and better growth. The document advocates for jointly aligning tools, data, and decision-making between sales and marketing teams.
This document discusses legal issues related to social media advertising and marketing. Chapter 7 covers laws around truthfulness, substantiating claims, and protecting children's privacy. Social commerce is defined as interacting with customers and retailers through social media applications to facilitate e-commerce transactions. Chapter 8 examines how to leverage word-of-mouth marketing through social networks by educating customers, identifying influencers, providing sharing tools, analyzing conversations, and engaging supporters and detractors.
Each year, Pivot takes the pulse of Social Marketing professionals. The purpose of this research is to get inside the heads of professionals leading Social initiatives for major organizations to see their current attitudes and to get a sense of what will impel their decisions in the year ahead.
In September 2014, ASI® commissioned a study to be conducted with corporate end-buyers about their gift-giving plans for the 2014 holiday season. Respondents were screened to ensure that they had final purchase authority or significant influence over the gift-giving decisions for employees and customers/prospects.
A total of 303 end-buyers who met these criteria responded to the survey. Survey responses were collected between September 30th and October 27th.
Social Listening in Practice: Social SellingBrandwatch
This paper, one of the Social Listening in Practice use case series, is going to show you how social selling will bring your business into the sights of the 81% of consumers who are undertaking pre-purchase research online right now.
This document discusses research from Edelman on how brands are increasingly taking public stands on social and political issues. Some key points:
- Nearly two-thirds of consumers in 8 major markets are now "belief-driven buyers" who make purchasing decisions based on a brand's positions on issues, up from about half in 2017.
- Belief-driven buying is now a mainstream behavior spanning generations and income levels in most countries studied.
- Majorities in the countries studied believe that brands can be more effective than government in solving social problems and driving change.
- Brand communications focusing on social issues generate more purchase intent and customer advocacy than product-focused ads.
The 2018 Edelman Earned Brand study reveals that nearly two-thirds (64 percent) of consumers around the world now buy on belief, a remarkable increase of 13 points since 2017. These Belief-Driven Buyers will choose, switch, avoid or boycott a brand based on where it stands on the political or social issues they care about.
The document discusses measuring the value of social media and its impact on business performance. It notes that traditional metrics only measure single channels, while consumers use multiple channels. It recommends quantifying social media value by measuring influence on visits and purchases across channels. The document also stresses the importance of measuring success through customer satisfaction and behaviors like return visits and recommendations, not just organization metrics. It introduces ForeSee Results, a company that applies scientific measurement of customer satisfaction across industries to provide actionable insights into performance.
- Promotional products like pens, notebooks and mugs remain popular desk items, while USBs and mouse mats are gaining popularity.
- Over 90% of respondents had at least one promotional product on their desk.
- Product usefulness, quality and price are top priorities for buyers, but quality issues remain a frustration for many.
- Personal recommendations and relationships with suppliers are important factors in selection, more so than price alone.
- The majority of companies spend £5,000 or less annually on promotional products, with an increasing demand for personalization.
CRM & Customer Insight stats from August - from the rais teamWill Young
Retailers have attracted more email subscribers but engagement has decreased over time. While the proportion of active subscribers increased 8% from 2013-2015, the proportion who last engaged over a year ago also increased 7%. Additionally, marketers continue to spend less on email despite its good ROI. While email provides a relatively cheap way to generate orders, marketers don't increase spending to maintain subscriber interest levels. Finally, factors inhibiting successful campaigns have shifted from resource limitations to issues with data quality and a lack of relevant, targeted content.
Social Media Measurement for Product Development, Non-Profits & Influencer Ma...Brian Honigman
For my seventh class on Social Media Analytics taught at NYU, the focus was learning how to measure campaigns on social media centered on product development, non-profits and influencer marketing.
Retailers are continuing to employ promotional tactics like coupons, price cuts, and social media partnerships to attract customers and drive sales, even as retail spending has increased. Coupon use rose significantly in 2009 and remains important for consumer packaged goods companies. Retailers are also using social media more to connect with customers. Additionally, an in-store marketing technique called "shopper marketing" that aims to influence purchasing decisions has grown rapidly. Marketers must be aware of and support the programs retailers use to promote products to consumers both in-store and outside of the store.
The document summarizes the results of a consumer retail survey of over 1,000 Americans regarding their thoughts on marketing emails from retailers. Key findings include:
- Consumers only open 1 in 4 emails and find 1 in 20 emails personally relevant, showing emails are often not relevant or targeted.
- Most consumers receive over 6 emails per week from retailers, which two-thirds say is too many.
- Nearly half of consumers have unsubscribed from retailer emails in the past 6 months due to irrelevant content and high volume.
- To improve engagement, the document recommends retailers better segment consumers and tailor emails based on individual interests, passions and purchase behaviors.
Customer experience is a vital part of most companies’ wider business and customer strategies. But when a great NPS score isn't enough to convince the C-suite to make CX a priority, this info-graphic and its staggering stats will no doubt make them turn up the heat on customer experience.
This document discusses the importance of reputation management for small e-commerce retailers and provides tips for best practices. It notes that consumers highly value recommendations from friends and other users. The history of online reputation management for small businesses is reviewed, highlighting the growth of social media. Key points in handling customer feedback are outlined, including not ignoring issues but also not overreacting. A case study of GoGreenSolar shows how proactively seeking feedback on platforms like Facebook helped increase sales by 20% monthly. The tips for retailers emphasize moving from reactive to proactive reputation management and making it easy for customers to provide feedback.
Love Your Brand, Set it Free - Branding in the Digital AgeClaravon Group
The social world has shattered the idea of a brand as something that can be controlled. Technology and social media have forever changed relationships between customers, companies and their brands. This presentation explores branding in the digital age, including how to influence brand perceptions and inspire passionate advocacy for your brand. Learn who really owns your brand, how letting go creates value and why liberated brands succeed.
8 Word-of-Mouth Marketing Stats You Need To Know Right NowAmbassador
Word-of-mouth marketing through recommendations from family and friends is the most trusted source of information for consumers, influencing over 90% of B2B buyers and the purchasing decisions of millennials. Offline and online word-of-mouth increases marketing effectiveness by up to 54% and over half of purchases inspired by social media sharing occur within 3 weeks. Referred customers also have a lifetime value 16% higher than non-referred customers.
11 Stats You Didn’t Know About Employee RecognitionOfficevibe
Recognizing employees is one of the most overlooked facets of managements that even great leaders sometimes forget about. Without a good employee recognition strategy, people will feel unappreciated and build up stress.
In fact, the number 1 reason why most Americans leave their jobs is that they don’t feel appreciated . The last thing you want is to have high employee turnover because of poor employee recognition.
Officevibe put together some incredible statistics about employee recognition.
Read more on Officevibe blog:
https://www.officevibe.com/blog/employee-recognition-infographic
Learn more about Officevibe, the simplest tool for a greater workplace:
https://www.officevibe.com/
Follow us on Facebook:
https://www.facebook.com/officevibe
8 critical trends & battles for marketing in 2015Michael Wolfe
This document outlines 8 critical trends and challenges that marketers will face in 2015. These include: mastering big data to gain insights and influence; proving marketing's value through return on investment metrics to secure budgets; shifting more budgets to digital channels while balancing digital and traditional media; engaging customers through social media; improving measurements of the customer experience; replacing outdated customer research tools; capitalizing on economic growth despite past stagnation; and increasing job security by doing the right things.
Data That Supports True Sales and Marketing AlignmentMarried2Growth
The document discusses how to achieve true alignment between sales and marketing. It outlines 4 "watershed moments" for a company: 1) establishing joint criteria for assigned marketing-generated leads; 2) creating a shared sales and marketing operations role; 3) developing an explicit joint data strategy; and 4) moving from separate sales and marketing KPIs to shared KPIs like inbound pipeline created. By focusing on shared goals and metrics like customer acquisition cost, lifetime value, and the "magic number" ratio, companies can drive capital efficient scale and better growth. The document advocates for jointly aligning tools, data, and decision-making between sales and marketing teams.
This document discusses legal issues related to social media advertising and marketing. Chapter 7 covers laws around truthfulness, substantiating claims, and protecting children's privacy. Social commerce is defined as interacting with customers and retailers through social media applications to facilitate e-commerce transactions. Chapter 8 examines how to leverage word-of-mouth marketing through social networks by educating customers, identifying influencers, providing sharing tools, analyzing conversations, and engaging supporters and detractors.
Each year, Pivot takes the pulse of Social Marketing professionals. The purpose of this research is to get inside the heads of professionals leading Social initiatives for major organizations to see their current attitudes and to get a sense of what will impel their decisions in the year ahead.
In September 2014, ASI® commissioned a study to be conducted with corporate end-buyers about their gift-giving plans for the 2014 holiday season. Respondents were screened to ensure that they had final purchase authority or significant influence over the gift-giving decisions for employees and customers/prospects.
A total of 303 end-buyers who met these criteria responded to the survey. Survey responses were collected between September 30th and October 27th.
Social Listening in Practice: Social SellingBrandwatch
This paper, one of the Social Listening in Practice use case series, is going to show you how social selling will bring your business into the sights of the 81% of consumers who are undertaking pre-purchase research online right now.
This document discusses research from Edelman on how brands are increasingly taking public stands on social and political issues. Some key points:
- Nearly two-thirds of consumers in 8 major markets are now "belief-driven buyers" who make purchasing decisions based on a brand's positions on issues, up from about half in 2017.
- Belief-driven buying is now a mainstream behavior spanning generations and income levels in most countries studied.
- Majorities in the countries studied believe that brands can be more effective than government in solving social problems and driving change.
- Brand communications focusing on social issues generate more purchase intent and customer advocacy than product-focused ads.
The 2018 Edelman Earned Brand study reveals that nearly two-thirds (64 percent) of consumers around the world now buy on belief, a remarkable increase of 13 points since 2017. These Belief-Driven Buyers will choose, switch, avoid or boycott a brand based on where it stands on the political or social issues they care about.
30 Stats Every Marketer Needs to Know about Customer ExperienceKapost
Now, more than ever, understanding and supporting your customer at each and every stage of the journey is vital to the success of your marketing strategy.
We're here to break down the customer experience stats from industry leaders that have put customer-centric marketing top of mind here at Kapost, from why it matters, to how to execute, and where it will impact your business. See for yourself—get the B2B Marketer's Guide to Managing Customer Experience --> http://bit.ly/CXmgmt
Surveying 8,000 people online and 32,000 via mobile phones, the 2018 Edelman Earned Brand study shows that now 60% of consumers in Japan either buy or boycott brands based on their stances on societal issues.
B2B Enterprise Demand Generation Study - 2015Pajama Program
B2B Enterprise Demand Generation Marketers are a unique group.The second annual study by ANNUITAS identifies specific challenges, goals and establishes benchmarks for this elite group of marketers. Get a glimpse into the world of the B2B Enterprise Marketer and see how you stack up.
This document is the fourth annual State of Marketing report from Salesforce Research. It summarizes insights from a survey of 3,500 global marketing leaders on key trends in customer experience, organizational changes, and technology adoption.
The report finds that customer experience has become the central focus of marketing strategies, with most marketers agreeing their companies now compete primarily on customer experience. However, delivering consistent experiences across channels remains a challenge due to difficulties integrating customer data from different sources and systems.
While marketers recognize the need to evolve messaging for customers across channels, many are still struggling to do so effectively. Organizational changes around account-based marketing and closer alignment with customer service are helping top-performing teams stay ahead of
The document discusses marketing insights from a survey of 3,500 global marketing leaders. Key findings include:
1. Marketers continue struggling with gaining a single customer view and leveraging disparate data sources, which are made more difficult by new channels and elevated customer expectations of personalization.
2. While most marketers recognize the importance of coordinated journeys across channels, over half use identical broadcasts and only a quarter evolve messages.
3. High performers are much more likely than others to coordinate heavily across channels and evolve messages, and see significant benefits to customer loyalty, revenue, and other metrics from connected journeys.
Fourth State of Marketing - SalesforceFrenchWeb.fr
This document is the fourth annual State of Marketing report from Salesforce Research. It surveyed 3,500 global marketing leaders to explore trends related to customer experience, organizational changes, and technology adoption.
The key findings include:
1) Customer experience has become the central focus of marketing strategies, and high-performing marketers are leading customer experience initiatives across their organizations.
2) Marketers are struggling to deliver consistent, personalized experiences across channels due to challenges in gaining a single view of the customer and leveraging different sources of customer data.
3) Emerging technologies like artificial intelligence, marketing automation tools, and data management platforms are expected to significantly impact marketing approaches and capabilities over the next two years.
Interest in account-based marketing (ABM) continues to grow, as marketers seek results in B2B sales and businesses look for more reliable strategies. But not all marketers are ready for ABM – and many still have unanswered questions.
To make things a little easier, we’ve put together the 8 most commonly asked questions surrounding ABM. The answers are provided by senior Marketing professionals, as part of our Account-Based Marketing Research Report.
Marketing Freakonomics: When Marketing Objectives and Customer Expectations D...Acquia
A recent global study, commissioned by Acquia, uncovered a major discrepancy between marketers’ objectives and customers’ actual experiences.
Almost three-quarters of Australians will abandon a brand for another when the online experience is poor.
Four in five marketers in Australia say when they think of their total experience with a brand, the marketing is mostly ineffective.
Almost two-thirds of marketers say they are dealing with technology that is just too complex to create good customer experiences.
The annual Acquia CX Research Report, conducted by leading market research provider Regina Corso Consulting reveals that marketers are unable to create a cohesive customer experience due to disconnected marketing technologies (losing money on their marketing investments, in the process) and consumers are still dissatisfied with brand experiences, because they aren’t intuitive or personalised.
During this live webinar, Regina Corso will explore the delta between money spent on marketing technology and revenue lost to failed customer retention each year on a global scale, as well as the opportunities that exist for success
About the presenter:
Regina Corso, president and founder of Regina Corso Consulting, is viewed as one of the nation’s premier public release experts with nearly 20 years of experience leading surveys and research projects for PR and communications programs.
She is the source of more than 2,500 public release surveys, quoted in hundreds of U.S. and international media outlets ranging from USA Today, The Wall Street Journal, and CNN, to Fox News, BBC, and Investors’ Business Daily, and more.
The 2016 EARNED BRAND study is a global online survey of 13,000 consumers in 13 countries that examines the consumer-brand relationship across 18 brand categories.
Microsoft --2017 State of Global Customer ServiceAbhishek Sood
Thanks to the influence of digital and mobile technology, customers expect more from brands when it comes to convenience, resolution times, and agent expertise.
This Microsoft 2017 State of Global Customer Service report explores how modern brands are meeting these rising expectations, polling data from 5,000 people based in Brazil, Germany, Japan, the United Kingdom, and the U.S.
Deloitte and Tulip Retail unveiled Retail’s Omnichannel omnichallenge, a survey that looked at the plans, perceptions and challenges faced by Canadian retailers.
The document discusses how CPG manufacturers can better understand and activate shoppers along the shopper's journey. It outlines the 6 key steps in a shopper's journey: 1) deciding what they need, 2) researching recommendations and reviews, 3) developing product/brand considerations, 4) choosing retail channels, 5) using and forming perceptions of products/brands, and 6) sharing their journey experiences. The document recommends that CPG companies collect data to understand total shopper needs and desires, ensure their brands are on shoppers' lists, and leverage insights to execute targeted marketing messages and promotions.
A SlideShare based on the results of a 2013 international survey of more than 500 e-commerce and e-business professionals, sponsored by IBM Tealeaf and conducted by Econsultancy
To buy or not to buy? How Millennials are reshaping B2B marketingIBM Watson Commerce
Millennials are reshaping B2B marketing as they move into decision making roles in the workplace. A survey of over 700 professionals found that Millennials research B2B products and services differently than older generations, preferring to interact directly with vendors' representatives. Millennials also consult a variety of sources for advice on decisions, including friends and family, and expect their B2B purchasing experiences to be as personalized and hassle-free as their consumer experiences. B2B marketers will need to adapt to these changing preferences to effectively engage Millennial decision makers.
The document summarizes the results of a 2018 study on the state of B2B sales. Some key findings include:
1) Market-leading companies are seeing their perceived value erode and are increasingly viewed as vendors rather than strategic resources. The number of sales professionals perceiving themselves as vendors tripled from 2015 to 2018.
2) Procurement and vendor management practices pose major challenges and trends for sales teams. Sales professionals acknowledge complying with these practices despite knowing it reduces their chances of success.
3) Factors like controlling the sales process, developing advocates in the customer's organization, and accessing decision makers can boost close rates by up to 74%. However, sales teams still struggle with skills in these
Two Secret Weapons Most Companies Fail to DeployPeopleMetrics
Inside every organization is a hidden advantage that if used right will result in a tremendous competitive edge. Most organizations don’t understand how to deploy this secret weapon so they carry on doing what they’ve always done wasting a precious resource.
This presentation covers why it is imperative for you to uncover and deploy your Secret Weapons and how to do it.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdf
Customer experience
1. The Customer Care Gap
Based on eConsultancy Research | April, 2015
Paul Philp - Founder & CEO | paul@getamity.com
2. Brands think they provide
great customer experience,
consumers disagree
3. When asked, brands are fairly bullish about the experience they provide...
Q: Do you agree or disagree with the following statements? (N = 265)
4. Only one in three consumers
believe that their favorite companies
understand them.
5. Of those consumers who switched
consumer services in the last year,
most did so for reasons companies
should be able to predict and prevent.
6. Of the nearly 50% of consumers
with a significant service issue
in the last 12 months,
only 28% say that the company
dealt with it very effectively.
7. 81% of consumer brands say they have a
working holistic view of their customers
Most consumers don't feel understood by brands –
only 37% say their favorite retailer understands them.
On the subject of their favorite companies,
only 35% of consumers say that communications are usually relevant.
64% of marketers strongly agree that identifying
high value customers is vital to their growth.
48% of marketers strongly agree that their growth depends
on personalizing the customer's experience.
8. For complete results contact:
https://econsultancy.com/reports/the-consumer-conversation/
For help understanding your customer and
getting them to increase their use of your solution, contact:
http://getamity.com/
9. What AMITY Does
Customer Success Automation for Subscription Businesses
We help deliver continuous customer value.
We help maximize recurring revenues.