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Taking Customer Centricity
to the next level
@martinnewman
About me
@martinnewman
The only Scotsman who
Will ever lift the World Cup!
3
Ahead of my time?
4
@martinnewman 1998
6
7
@martinnewman
Pssst…
Want to
hear a
secret?
@martinnewman
YOUR BRANDS ARE NOT THE MOST
IMPORTANT THING IN YOUR
CUSTOMERS LIFE!
@martinnewman
THEIR CONVENIENCE IS!
Anything, Anytime, Any Place
1
2
Every consumer sector
is being disrupted
@martinnewman
13
Banks Travel Retail Taxis F&B Automotive
@martinnewman
14
They all have three things in common…
1. They put the customer in control
2. A more convenient proposition
3. Far greater agility
@martinnewman
15
Those who waited to be 100% sure,
Were 100% late
@martinnewman
17
18
@martinnewman
Shi(f)t happens
Copyright 2018
Dispelling some myths
@martinnewman
What we really need is insight
23
@martinnewman
24
@martinnewman
• Myth: It’s about omnichannel
• Myth: It’s about digital transformation
• Myth: It’s about unified retail
• Reality: It’s about customer centric transformation
25
@martinnewman
Myth:
All this putting customer’s first stuff is
too expensive and eats into profits
26
A 5% increase in customer retention
leads to a 25-95% increase in profit!
Source: Harvard business Review
Example: Dreams’ financial results prove the benefit
of customer feedback
28
0
50
100
150
200
250
300
FY2013 FY2014 FY2015 FY2016
Revenue £m
Revenue…
-15
-10
-5
0
5
10
15
20
25
30
35
FY2013 FY2014 FY2015 FY2016
Profit before tax £m
Profit before tax £m
Myth:
The High is dead!
Reality:
In the UK, 80% of retail sales
take place in a store
30
▶ Online not likely to grow beyond 40% of total retail sales
▶ Currently 19% (ONS)
▶ Growing as % of total retail at approx. 1% per annum
▶ Online sales growth slowing to between 5%-10% (IMRG)
31
Primark:
▶ No ecommerce
▶ Delivered a 25% growth in
profits in the six months to
March 2019
32
Does Amazon think
the High St is dead?
33
35
36
37
Myth:
Sales, profit, footfall and other KPIs
provide insight into your performance
Customer-focused KPIs provide insight:
• NPS/CSAT
• Customer Loyalty Scores
• Contact centre feedback
• Sentiment analysis
• Social media engagement
• Ratings and reviews
• Customer churn and retention rates
@martinnewman
These are the inputs that drive the
outputs we currently measure
40
Myth:
In 10 years, all
the staff
in retail stores will
be robots
41
Myth:
We don’t want to be
targeted on our mobiles
42
Myth:
Voice commerce is now
@martinnewman
How do you become
truly customer centric?
8 Key Drivers
44
1. Culture: Employee First
@martinnewman
46
47
A story about a hotel
48
▶ Taken to my room and shown how everything works
▶ Shower heads turned away
▶ One evening I couldn’t get my TV to work
▶ Slippers with some oil to apply to help me sleep
▶ Everyone in the hotel seemed to know my name
▶ The Gym was open 24/7
▶ Branded cable ties on my phone and laptop cables for chargers
▶ Light buttons all clearly marked and illuminated
▶ They folded my clothes
▶ They put the receipts & business cards I’d been collating in little box
49
@martinnewman
Staff Empowerment
When was the last time you or your colleagues
were given the opportunity to make suggestions
on how things might be improved?
51
“M&S boss slams toxic culture poisoning firm:
Giant retailer bypasses 'vain' managers to get
10,000 revamp ideas from shop-floor staff”
52
2. Understand core customer segments
and their desired experiences
53
@martinnewman
Click & Collect
Free Delivery
Ship from store
Guest Checkout
Clienteling
Not enough staff on the shop floor!
When was the last time you
called a lapsed customer?
@martinnewman
When was the last time you
walked the floor?
@martinnewman
3. Leverage technology to
empower customers
60
APPS to drive increased
engagement and sales
61
Interactive mirrors
for selecting
different products
62
63
4. Brand Purpose
Selling stuff is not enough.
What do you stand for?
66
67
68
ROI = Return On Involvement
69
70
5. Corporate Social Responsibility
Social Accountability
71
I can see clearly now
the smog has gone
72
@martinnewman
73
Customercentricity & Digital Transformation
74
@martinnewman
75
6. Diversity
Nearly 20% of the UK population
is made up of ethnic minorities
77
Yet 60% of FTSE 100
boards are all white
78
51% of the UK population is Female
79
▶ There are 6 female CEOs in the FTSE 100
▶ FTSE 350 there are only 12 female CEOs, which is a
decrease from 15 in 2017 and 18 in 2016.
▶ There are only 22 female chairs in the FTSE 350
81
“I’m proud to lead a business that gives
back £39 million to local causes, has the
lowest plastic footprint of any retailer
and is innovating for customers with
pay-in-aisle technology and home
deliveries on eco-bikes.”
82
7. Structure
83
Return to shareholder is at odds with
medium to long-term sustainability
as is CEO remuneration
“M&S boss Rowe wants to be judged
on 'pace of change' rather than trading
outcomes as profits fall again”
8. A customer is for life not
just for Christmas
89
I only look 28 because I use
Dermalogica skin cream
90
92
93
Other drivers of loyalty
94
95
Copyright 2018 96
97
98
99
If you were a customer service business
that just happened to sell stuff…
What would you differently?
101
www.CustomerFirst.Live
25th and 26th Sep, Olympia
102
Email: martin@thecustomerfirstgroup.com
Twitter: @martinnewman
Podcast: www.ConsumerFocus.FM.
Linked In: uk.linkedin.com/in/martindnewman

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Taking Customer Centricity to the Next Level

Editor's Notes

  1. The financial impact of this has been startling…
  2. Greta Thunberg