The document provides an overview of key steps in data mining and modeling for marketers, including:
1) Identifying the business problem, available data sources, and most predictive variables through exploratory data analysis and variable transformations.
2) Choosing the best modeling approach such as regression, CHAID, or neural networks based on the problem and number of potential answers.
3) Validating the model by checking that it makes intuitive sense based on customer profiles, and testing it on a sample of out-of-sample data to evaluate performance.
4) Determining when to rebuild an old model, such as when response rates decline or significant market changes occur.
Businesses reported a four day increase in the time taken for customers to pay invoices, to an average of 21 days beyond agreed credit terms. As a result, more firms classified over 10% of debtor books as over 90 days old, leading 63% to write off over 1% of turnover as bad debt. There was widespread support for proposals to name late paying companies, with 69% backing the plans. Privately owned companies took longest to pay on average at 44 days, while engineering/maintenance firms faced the longest delays of almost 26 days.
This must see webinar provides tips on writing the introduction and literature review sections of your dissertation. Dr. Lani provides tips on searching, reading, organizing, and writing your literature review.
2013 - CSC Customer Intimacy Barometer - Convergence between on and off-line ...CSC
2013 Customer Intimacy Barometer (CSC) - 100+ interviews throughtout Europe - Convergence in Customer Intimacy at the crossroads of online and offline - CSC vision of current evolutions (cross-Verticals)
Seven Factors for Building Extreme Customer Loyaltyassessmentedge
This document discusses seven factors that contribute to building extreme customer loyalty:
1. Emotional dependence - creating a psychological commitment through empathy, reliability, and understanding customers' personal needs and values.
2. Additional factors include structural dependence, business dependence, satisfaction, performance, economic value proposition, and alignment/fit between the customer and organization.
3. Emotional dependence specifically involves learning customers' personal preferences, exceeding their expectations, and demonstrating care through empathy during difficult situations. Small gestures can make a big difference in creating an emotional bond.
The document discusses analyzing brand promotion strategies for CBL Munchee Bangladesh to build customer loyalty. It outlines objectives to analyze CBL's brand development stages, identify effective promotion tools, and make recommendations. A customer survey was conducted to collect primary data on promotion effectiveness. Most respondents felt television commercials were very effective and CBL should increase digital marketing and promotions. The document recommends CBL increase promotional activities and decrease some product prices to boost sales and customer satisfaction.
This document discusses seven factors that can build extreme customer loyalty: 1) Emotional Dependence, 2) Structural Dependence, 3) Business Dependence, 4) Satisfaction, 5) Performance, 6) Economic Value Proposition, and 7) Alignment and Fit. It provides examples for each factor and suggestions on how organizations can create dependence and loyalty for customers in relation to each factor. The document is published by Profiles International and authored by experts in customer loyalty.
Slides from the presentation given to the Canadian Gaming Summit on April 20, 2011 on increasing customer loyalty through effective use of social media.
The document provides an overview of key steps in data mining and modeling for marketers, including:
1) Identifying the business problem, available data sources, and most predictive variables through exploratory data analysis and variable transformations.
2) Choosing the best modeling approach such as regression, CHAID, or neural networks based on the problem and number of potential answers.
3) Validating the model by checking that it makes intuitive sense based on customer profiles, and testing it on a sample of out-of-sample data to evaluate performance.
4) Determining when to rebuild an old model, such as when response rates decline or significant market changes occur.
Businesses reported a four day increase in the time taken for customers to pay invoices, to an average of 21 days beyond agreed credit terms. As a result, more firms classified over 10% of debtor books as over 90 days old, leading 63% to write off over 1% of turnover as bad debt. There was widespread support for proposals to name late paying companies, with 69% backing the plans. Privately owned companies took longest to pay on average at 44 days, while engineering/maintenance firms faced the longest delays of almost 26 days.
This must see webinar provides tips on writing the introduction and literature review sections of your dissertation. Dr. Lani provides tips on searching, reading, organizing, and writing your literature review.
2013 - CSC Customer Intimacy Barometer - Convergence between on and off-line ...CSC
2013 Customer Intimacy Barometer (CSC) - 100+ interviews throughtout Europe - Convergence in Customer Intimacy at the crossroads of online and offline - CSC vision of current evolutions (cross-Verticals)
Seven Factors for Building Extreme Customer Loyaltyassessmentedge
This document discusses seven factors that contribute to building extreme customer loyalty:
1. Emotional dependence - creating a psychological commitment through empathy, reliability, and understanding customers' personal needs and values.
2. Additional factors include structural dependence, business dependence, satisfaction, performance, economic value proposition, and alignment/fit between the customer and organization.
3. Emotional dependence specifically involves learning customers' personal preferences, exceeding their expectations, and demonstrating care through empathy during difficult situations. Small gestures can make a big difference in creating an emotional bond.
The document discusses analyzing brand promotion strategies for CBL Munchee Bangladesh to build customer loyalty. It outlines objectives to analyze CBL's brand development stages, identify effective promotion tools, and make recommendations. A customer survey was conducted to collect primary data on promotion effectiveness. Most respondents felt television commercials were very effective and CBL should increase digital marketing and promotions. The document recommends CBL increase promotional activities and decrease some product prices to boost sales and customer satisfaction.
This document discusses seven factors that can build extreme customer loyalty: 1) Emotional Dependence, 2) Structural Dependence, 3) Business Dependence, 4) Satisfaction, 5) Performance, 6) Economic Value Proposition, and 7) Alignment and Fit. It provides examples for each factor and suggestions on how organizations can create dependence and loyalty for customers in relation to each factor. The document is published by Profiles International and authored by experts in customer loyalty.
Slides from the presentation given to the Canadian Gaming Summit on April 20, 2011 on increasing customer loyalty through effective use of social media.
What are customer value,satisfaction,and loyalty, and how companies deliver t...Sameer Mathur
The document discusses the importance of building customer value, satisfaction, and loyalty for businesses. It notes that successful companies carefully manage their customer base. Total customer cost includes both monetary and non-monetary factors like time, effort, and psychological costs. Managers should conduct customer value analysis to understand customer perceptions and how a company compares to competitors. Customer satisfaction is linked to loyalty, but investing too much in satisfaction could leave other stakeholders unhappy. Periodic surveys can track satisfaction levels, and companies need to address complaints quickly to maintain loyal customers. The overall goal is to deliver quality that meets customers' needs and expectations.
El documento describe los roles de los estudiantes y tutores en la educación a distancia. Los estudiantes deben completar todas las tareas asignadas, usar las herramientas de comunicación, notificar cualquier inconformidad, ingresar de forma individual a la plataforma educativa, y programar tiempos para estudiar y completar trabajos. Los tutores deben orientar a los estudiantes sobre la metodología, dar seguimiento al progreso de cada estudiante, y proporcionar asistencia pedagógica. Además, los tutores deben ser creativos
1) Customer relationship management (CRM) systems consolidate and analyze customer data from across an organization to provide a single view of customers. They capture customer interactions, integrate customer information, and distribute it to various business systems.
2) CRM systems use applications to address all aspects of the customer relationship, including customer service, sales, and marketing. Comprehensive CRM packages have modules for partner relationship management, employee relationship management, sales force automation, and customer service.
3) CRM systems improve customer intimacy by providing insights into customer preferences that allow companies to better manage marketing campaigns, inventory, and customer service to increase sales and reduce customer churn.
- Achieving Customer Intimacy using IBM SPSS tool.
- Efficient Tool, Popular for the Analytics and the Predictive Modelling
- Used for Tracking Customer's Attitudinal Behavior to target for the different products accordingly.
Converge your business into a Customer Centric Experience, Customer first is the focus strategy on Customer Intimacy. By using (big) Data, 3rd party data, connecting data for real time transparency, analyze habits, filter needs, offer solutions, increase ROI . By implementing the right technology, you create the best customer intimacy with marketing, technology and creativity. What are you waiting for?
Turn the next 12 days into a productivity makeover at work! These easy-to-implement tips, one for each day, are a perfect refresher.
Find out more about Redbooth at https://redbooth.com
This document provides an overview of Intelli-Global, a direct marketing services agency. It discusses Intelli-Global's capabilities including advanced analytics, proprietary marketing platforms, and performance-based multi-channel campaigns. It also outlines Intelli-Global's typical working relationship with clients, including account management, analytic services, and performance reporting. Finally, it provides examples of Intelli-Global's experience with targeted marketing models and databases to optimize customer acquisition, retention, and profitability.
Explicato provides business analytics and consulting services to retailers to help them better understand customer behavior and improve strategies. They conduct in-depth market research using unique methods focused on understanding customers' motivations. Explicato also builds data warehouses and business intelligence platforms for retailers that integrate various data sources. This provides retailers operational and analytical reports as well as advanced analytics capabilities.
Brands, which are generally distrusted, must better define, explain or quantify how they make a difference across a range of criteria. This requires more transparency. Optimal transparency can help in restoring consumer confidence and assist brand management. But it demands that products and processes stand up to scrutinyPinpoint over 50 marketing and innovation 'platforms' that can be employed to optimally build brand trust. See how they relate to 'on-trend' examplesAccess a unique blend on consumer and innovation insight to better understand how 'Trust & Transparency' issues impact consumers across FMCG sectorsTrend overview and sector specific analysis covering food, non-alcoholic drinks, alcoholic drinks, personal care, household care, packaging and retailDistrusting and discerning consumers are asking more questions. Globally, just 37% trust consumer packaged goods companies to tell them the truth. Consumers are highly ambivalent or distrusting across all sectors. The means that marketing messages are viewed with a healthy dose of scepticismOver 65% believe that stricter regulation is needed across issues ranging from product safety to retailer pricing. This is impacted by what consumers perceive as insincere exploitation of legal loopholes by consumer companiesTrust is a critical component of brand equity and corporate reputation. It should not be treated as an abstract concept. Measuring and effectively managing trust is vitalTo what extent to do global consumers trust companies in the consumer packaged goods industry' What about their trust in specific product claims'What is the 'Trust & Transparency' sub-trend' How does it impact consumers' What will it mean for core product and marketing innovation in my sector'What is the balance of consumer opinion towards a range of 'Trust & Transparency' issues' How does it vary by country and demographics'What are the key mega-trends, trends, and sub-trends that are shaping the consumer and innovation landscape. Where does 'Trust & Transparency' fit'
Broadnet S.A. is Ecuador's first independent network service provider focused on digital products and transaction processing. To help Broadnet S.A. remain competitive amid growing rivals, implementing a loyalty card program is proposed. Analyzing the SWOT of loyalty cards, benefits include understanding customer behavior to improve decisions, while limitations include competitors also adopting the strategy. A comparative analysis projects that loyalty cards could increase monthly income from $5 million to $7.2 million and profits from 8% to 10% within 3 months of implementing a $22,000 investment program.
This document discusses segmentation, targeting, and positioning (STP) as core marketing processes. It defines market segmentation as subdividing a market into distinct customer subgroups. Effective segmentation involves identifying segments based on meaningful customer characteristics or needs, then targeting specific segments to reach profitably with tailored marketing programs. The goal of STP is to create and capture more customer value through a focused approach.
The full toolkit is available only for our Growth Team Members.
To date we have published toolkits for: Merger & Acquisition, Geographic Expansion, New Product Development, New Product Launch, Competitive Strategy, Distribution Channel Optimization, and Vertical Market Expansion, Strategic Partnerships, and Customer Strategy.*
Discussion of the key strategies that remain in place from prior year for addressing tough economy and need to find profitability and differentiation in a competitive market.
A Capability Model for Driving Customer Engagement in a Connected WorldAcxiom Corporation
This presentation outlines a capability model for driving customer engagement in a connected world. It discusses transforming marketing processes, customer data, infrastructure and analytics to integrate marketing platforms, enable real-time updates and optimize offers across channels. Case studies show tech firms increasing revenue 15-30% and banks improving earnings. A panel discusses applying the model. The goal is improved spend efficiency, acquisition, data use and speed through trigger-based, cross-channel interactions.
Bank Customer Segmentation & Insurance Claim PredictionIRJET Journal
This document summarizes a research project that aims to help a bank segment their customers and help an insurance company predict insurance claims. The project uses data mining techniques like clustering and predictive modeling with machine learning algorithms. For the bank customer segmentation problem, the document describes applying hierarchical and k-means clustering on customer credit card usage data to identify customer segments. For the insurance claim prediction problem, the document outlines applying classification models like CART, random forest and artificial neural networks on historical claims data to predict future claims and compares their performance. The results from both problems can provide business insights like tailored promotional strategies for different customer segments and recommendations to reduce claim frequency and improve sales for the insurance company.
This presentation, delivered by InfoCision Chief Marketing Officer Ken Dawson during InfoCision's 2010 Fundraising Summit, explores how demographic and psycho-graphic data and business intelligence helps organizations better understand donors to receive the highest return on investment.
Customer feedback is when a customer tells you something about what they want or need. This information can be good or bad. It helps keep track of the quality and often forces the company to come up with new products to meet customer needs. Digital software has replaced the old ways of putting together feedback. Procedures for getting feedback help small businesses grow, manage their internal structures better, and use their resources at the right time.
In order to grow a business, you need to know how important customer feedback is. Since the current market is driven by what customers want, their thoughts and ideas are important if you want to stay in business. It helps businesses run more smoothly and make better products. Getting feedback from customers or collecting data in a passive way has been around for a very long time. With the development of the Internet, especially after the end of the Cold War, getting feedback is now easy and cheap.
Digital Experience: Are Brands Meeting Consumer Expectations?Dmytro Lysiuk
Digital Experience: Are Brands Meeting Consumer Expectations?
Econsultancy.com Ltd in association with Sitecore
Market Data / Supplier Selection / Event Presentations / User Experience Benchmarking / Best Practice / Template Files / Trends & Innovation
Dymanic beneifts enrollment & data driven marketing ppt Robertafinium
Dynamic enrollment and marketing technology for employee benefits and financial services that uses real time data influence [purchase behaviour and increase sales
What are customer value,satisfaction,and loyalty, and how companies deliver t...Sameer Mathur
The document discusses the importance of building customer value, satisfaction, and loyalty for businesses. It notes that successful companies carefully manage their customer base. Total customer cost includes both monetary and non-monetary factors like time, effort, and psychological costs. Managers should conduct customer value analysis to understand customer perceptions and how a company compares to competitors. Customer satisfaction is linked to loyalty, but investing too much in satisfaction could leave other stakeholders unhappy. Periodic surveys can track satisfaction levels, and companies need to address complaints quickly to maintain loyal customers. The overall goal is to deliver quality that meets customers' needs and expectations.
El documento describe los roles de los estudiantes y tutores en la educación a distancia. Los estudiantes deben completar todas las tareas asignadas, usar las herramientas de comunicación, notificar cualquier inconformidad, ingresar de forma individual a la plataforma educativa, y programar tiempos para estudiar y completar trabajos. Los tutores deben orientar a los estudiantes sobre la metodología, dar seguimiento al progreso de cada estudiante, y proporcionar asistencia pedagógica. Además, los tutores deben ser creativos
1) Customer relationship management (CRM) systems consolidate and analyze customer data from across an organization to provide a single view of customers. They capture customer interactions, integrate customer information, and distribute it to various business systems.
2) CRM systems use applications to address all aspects of the customer relationship, including customer service, sales, and marketing. Comprehensive CRM packages have modules for partner relationship management, employee relationship management, sales force automation, and customer service.
3) CRM systems improve customer intimacy by providing insights into customer preferences that allow companies to better manage marketing campaigns, inventory, and customer service to increase sales and reduce customer churn.
- Achieving Customer Intimacy using IBM SPSS tool.
- Efficient Tool, Popular for the Analytics and the Predictive Modelling
- Used for Tracking Customer's Attitudinal Behavior to target for the different products accordingly.
Converge your business into a Customer Centric Experience, Customer first is the focus strategy on Customer Intimacy. By using (big) Data, 3rd party data, connecting data for real time transparency, analyze habits, filter needs, offer solutions, increase ROI . By implementing the right technology, you create the best customer intimacy with marketing, technology and creativity. What are you waiting for?
Turn the next 12 days into a productivity makeover at work! These easy-to-implement tips, one for each day, are a perfect refresher.
Find out more about Redbooth at https://redbooth.com
This document provides an overview of Intelli-Global, a direct marketing services agency. It discusses Intelli-Global's capabilities including advanced analytics, proprietary marketing platforms, and performance-based multi-channel campaigns. It also outlines Intelli-Global's typical working relationship with clients, including account management, analytic services, and performance reporting. Finally, it provides examples of Intelli-Global's experience with targeted marketing models and databases to optimize customer acquisition, retention, and profitability.
Explicato provides business analytics and consulting services to retailers to help them better understand customer behavior and improve strategies. They conduct in-depth market research using unique methods focused on understanding customers' motivations. Explicato also builds data warehouses and business intelligence platforms for retailers that integrate various data sources. This provides retailers operational and analytical reports as well as advanced analytics capabilities.
Brands, which are generally distrusted, must better define, explain or quantify how they make a difference across a range of criteria. This requires more transparency. Optimal transparency can help in restoring consumer confidence and assist brand management. But it demands that products and processes stand up to scrutinyPinpoint over 50 marketing and innovation 'platforms' that can be employed to optimally build brand trust. See how they relate to 'on-trend' examplesAccess a unique blend on consumer and innovation insight to better understand how 'Trust & Transparency' issues impact consumers across FMCG sectorsTrend overview and sector specific analysis covering food, non-alcoholic drinks, alcoholic drinks, personal care, household care, packaging and retailDistrusting and discerning consumers are asking more questions. Globally, just 37% trust consumer packaged goods companies to tell them the truth. Consumers are highly ambivalent or distrusting across all sectors. The means that marketing messages are viewed with a healthy dose of scepticismOver 65% believe that stricter regulation is needed across issues ranging from product safety to retailer pricing. This is impacted by what consumers perceive as insincere exploitation of legal loopholes by consumer companiesTrust is a critical component of brand equity and corporate reputation. It should not be treated as an abstract concept. Measuring and effectively managing trust is vitalTo what extent to do global consumers trust companies in the consumer packaged goods industry' What about their trust in specific product claims'What is the 'Trust & Transparency' sub-trend' How does it impact consumers' What will it mean for core product and marketing innovation in my sector'What is the balance of consumer opinion towards a range of 'Trust & Transparency' issues' How does it vary by country and demographics'What are the key mega-trends, trends, and sub-trends that are shaping the consumer and innovation landscape. Where does 'Trust & Transparency' fit'
Broadnet S.A. is Ecuador's first independent network service provider focused on digital products and transaction processing. To help Broadnet S.A. remain competitive amid growing rivals, implementing a loyalty card program is proposed. Analyzing the SWOT of loyalty cards, benefits include understanding customer behavior to improve decisions, while limitations include competitors also adopting the strategy. A comparative analysis projects that loyalty cards could increase monthly income from $5 million to $7.2 million and profits from 8% to 10% within 3 months of implementing a $22,000 investment program.
This document discusses segmentation, targeting, and positioning (STP) as core marketing processes. It defines market segmentation as subdividing a market into distinct customer subgroups. Effective segmentation involves identifying segments based on meaningful customer characteristics or needs, then targeting specific segments to reach profitably with tailored marketing programs. The goal of STP is to create and capture more customer value through a focused approach.
The full toolkit is available only for our Growth Team Members.
To date we have published toolkits for: Merger & Acquisition, Geographic Expansion, New Product Development, New Product Launch, Competitive Strategy, Distribution Channel Optimization, and Vertical Market Expansion, Strategic Partnerships, and Customer Strategy.*
Discussion of the key strategies that remain in place from prior year for addressing tough economy and need to find profitability and differentiation in a competitive market.
A Capability Model for Driving Customer Engagement in a Connected WorldAcxiom Corporation
This presentation outlines a capability model for driving customer engagement in a connected world. It discusses transforming marketing processes, customer data, infrastructure and analytics to integrate marketing platforms, enable real-time updates and optimize offers across channels. Case studies show tech firms increasing revenue 15-30% and banks improving earnings. A panel discusses applying the model. The goal is improved spend efficiency, acquisition, data use and speed through trigger-based, cross-channel interactions.
Bank Customer Segmentation & Insurance Claim PredictionIRJET Journal
This document summarizes a research project that aims to help a bank segment their customers and help an insurance company predict insurance claims. The project uses data mining techniques like clustering and predictive modeling with machine learning algorithms. For the bank customer segmentation problem, the document describes applying hierarchical and k-means clustering on customer credit card usage data to identify customer segments. For the insurance claim prediction problem, the document outlines applying classification models like CART, random forest and artificial neural networks on historical claims data to predict future claims and compares their performance. The results from both problems can provide business insights like tailored promotional strategies for different customer segments and recommendations to reduce claim frequency and improve sales for the insurance company.
This presentation, delivered by InfoCision Chief Marketing Officer Ken Dawson during InfoCision's 2010 Fundraising Summit, explores how demographic and psycho-graphic data and business intelligence helps organizations better understand donors to receive the highest return on investment.
Customer feedback is when a customer tells you something about what they want or need. This information can be good or bad. It helps keep track of the quality and often forces the company to come up with new products to meet customer needs. Digital software has replaced the old ways of putting together feedback. Procedures for getting feedback help small businesses grow, manage their internal structures better, and use their resources at the right time.
In order to grow a business, you need to know how important customer feedback is. Since the current market is driven by what customers want, their thoughts and ideas are important if you want to stay in business. It helps businesses run more smoothly and make better products. Getting feedback from customers or collecting data in a passive way has been around for a very long time. With the development of the Internet, especially after the end of the Cold War, getting feedback is now easy and cheap.
Digital Experience: Are Brands Meeting Consumer Expectations?Dmytro Lysiuk
Digital Experience: Are Brands Meeting Consumer Expectations?
Econsultancy.com Ltd in association with Sitecore
Market Data / Supplier Selection / Event Presentations / User Experience Benchmarking / Best Practice / Template Files / Trends & Innovation
Dymanic beneifts enrollment & data driven marketing ppt Robertafinium
Dynamic enrollment and marketing technology for employee benefits and financial services that uses real time data influence [purchase behaviour and increase sales
Customer analytics. Turn big data into big valueJosep Arroyo
BIRT Analytics is a customer analytics solution that allows companies to gain valuable insights from big data. It integrates data from multiple sources, analyzes large volumes of data, and provides clear and granular customer information. Tools allow users to explore data, identify patterns, profile customers, and forecast trends. Advanced analytics help optimize marketing, identify cross-sell opportunities, and understand customer behavior. The solution aims to help companies understand customer needs and adapt strategies based on real customer data.
The document summarizes a study that examined using Shopee data as a data source for business intelligence to understand consumer preferences. It developed a demographic dashboard to visualize consumer data from Shopee over a 6-month period, including sales, orders, visits, and pageviews. Simple linear regression was used to forecast future values of these metrics over the next 6 months. The experts evaluated the usability, sustainability, and maintainability of the dashboard. Their feedback can help improve the business intelligence and inform better decision making.
This document is the introduction to a book about customer analytics. It discusses how advances in technology now allow both large and small companies to easily collect and analyze customer data to better understand customer behavior. It notes that businesses need to leverage the large amounts of customer data they have to gain a competitive advantage. The introduction describes how customer analytics uses predictive analytics to capture different types of customer data, anticipate what customers will do, and put those insights into action to enhance customer relationships and increase revenue.
This document discusses how businesses can use market segmentation tools and analysis to better understand their customer base, discover new market opportunities, and build stronger customer relationships. It provides an overview of common segmentation methods like regression, CHAID, clustering, and penetration analysis. The rest of the document describes case studies of how different companies have successfully applied these segmentation tools to gain insights into their best customers, identify lookalike prospects, improve marketing campaigns, and expand into new market segments.
Craig Rispin Keynote for Cincom 16 December 2016Craig Rispin
The document discusses trends in marketing, sales, and business including the convergence of marketing and sales, the importance of thought leadership, and changing buyer-seller dynamics. It provides examples of large companies that own no assets in their industries. The document encourages learning from sales and marketing experts and adopting new approaches like social selling. It addresses upcoming technologies like machine learning and trends in enterprise software and marketing technology.
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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.
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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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.
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.
The Heart of Leadership_ How Emotional Intelligence Drives Business Success B...
Using Customer Data to Build Intimacy, Engagement, and Loyalty
1. Using Customer Data
to Build Intimacy,
Engagement, and
Loyalty
Presented by
Dr. James Lani, CEO
2627 McCormick Drive, Suite 102, Clearwater, FL 33759
2. Let‟s break that down…
Using Customer Data
to Build Intimacy (2-way street),
Engagement (your engagement with data),
and Customer Loyalty
4. What I Believe
RAW DATA IS A COMPLETELY
UNDER-USED COMPANY ASSET
5. What should be done?
PROGRAMS DEPLOYED TO
AGGREGATE DATA, CREATE
PIVOT TABLES AND GRAPHS,
CONDUCT REGRESSION AND
CLUSTER ANALYSIS, TO LINK
AND ORGANIZE YOUR
INFORMATION.
6. What results?
USEABLE BI, CI, YOUR
KNOWLEDGE OF YOUR
CUSTOMER INCREASES
THROUGH ENGAGEMENT WITH
THE DATA, RESULTING IN
GREATER LOYALITY
7. If I’m successful in this presentation:
Change your mindset. Your mind will
change about your data, you will see data
as usefulness business intelligence, and
you will immediately apply it. Have a
relationship to the data; see patterns and
connections.
Pull data together and use it. You will
aggregate your company‟s data, conduct
appropriate statistical analyses, and use
the information for marketing initiatives.
Grow your business. The strategies and
initiatives will inherently lead to greater
understanding and customer intimacy, and
result in marketing programs with greater
ROI, your internal resources are more
appropriately allocated, and your net profit
grows.
8. Why do I believe what I believe?
My experience
Companies spent a lot of time, money, and effort to collecting or buying
data—the profit potential from that data lays dormant within the company‟s
walls.
Data sits in different silo‟s in the organization (unmerged marketing
department data with financial department data).
Companies are not appending 3rd party data to potentially strengthen the
customer intelligence gleaned from in-house data.
Don‟t see strategic business and customer intelligence, and marketing
intelligence as a propriety asset to organization or competitive advantage.
10. Data is Messy
Number
User ID Region $ Sales Start Date End Date Tokens Items Age Type T1v13 T1v14
37854 N 24840 02/10/2003 02/10/2003 144 42 5 1 5
109450 S 97257 01/09/2010 01/09/2010 233 48 4 2 5
111028 M 99011 02/26/2010 02/26/2010 239 22 3 2 4
120757 M 110282 02/10/2011 02/10/2011 256 41 4 3 4
107447 M 95106 10/21/2009 10/21/2009 243 21 5 1 5
119699 NW 108841 01/13/2011 01/13/2011 260 22 4 3 4
110602 SW 98553 02/08/2010 02/08/2010 267 44 5 1 5
TFZ8-
89148 E 76110 01/21/2008 01/21/2008 75WHPQ 175 36 4 3 4
TFZ8-
95408 E 82158 08/26/2008 08/26/2008 VYYEXV 156 32 5 3 5
E 3GVD-
114378 102630 07/01/2010 07/02/2010 DKJS84 261 22 5 2 5
109653 M 97486 01/15/2010 01/15/2010 253 29 5 3 5
E
60462 48832 06/11/2005 09/11/2005 147 19 5 2 5
53701 M 42205 09/13/2004 09/16/2004 143 21 4 3 5
TFZ8-
107652 Mid 95334 10/27/2009 10/27/2009 FP3BUP 228 19 5 3 5
115355 S 103666 08/03/2010 08/03/2010 262 30 4 4 5
119629 S 108716 01/11/2011 01/11/2011 266 19 4 4 4
11. Data CAN be managed,
then used for
visualization,
segmentation, scoring,
and churn
analysis…which will get
y o u t o l o y a l i t y.
12. Data Management: Case Study
Health Insurance Company
When we met: Company had only a list of customers
and type of health policy (Medicare, supplement, or
Medicare Advantage).
What we did: We told them the type of data they should
be collecting (i.e., names of those customers that did not
purchase their insurance), then we appended 3rd party
data (e.g., political affiliation, home equity range, type of
charitable contributions, and 40 other influential variables
to predict customers‟ propensity of purchase.
The result: Company had a clean, enriched dataset,
which led to a lead quality scoring model for their
marketing call-center, projected to increase conversion
rates by 250% and decrease labor costs by 80%.
13. Talk about
Data Visualization
The greatest value of a picture is
when it forces us to notice what we
never expected to see.
— John W. Tukey
Far better an approximate answer to
the right question, which is often
vague, than an exact answer to the
wrong question, which can always be
made precise.
— John W. Tukey
17. Data Visualization: Benefits
Visualize distribution of a variable
and see patterns (e.g., sales in „000
over 1 year) with line charts,
histograms and trend lines.
See relationships between variables
with scatter plots (E.g., relationship
between calls and number of sales)
and heat maps.
Classify variables (e.g., percent of
gross revenue by salesperson) with
bar charts and figures.
18. Data Visualization: Case Study
Foreclosure Home Buying Company
The result: Table 1 showed the home buying company which banks were
selling homes for relative to the assessed value. This intelligence told
the company how much to consider bidding for a $100,000 from Wells
Fargo compared to Wachovia.
Table 1. Sold Price/Assessed Value Percentage by Bank
Bank Auction priced/
Assessed value
Wachovia Bank 45.73
Bank of New York 42.60
Deutsche Bank 40.36
BAC Home Loans 37.68
US Bank 37.68
Bank of America 36.92
Wells Fargo Bank 34.19
20. Market Segmentation: Benefits
Determining the number of market
segments and defining the
characteristics of the segments.
Additionally, there‟s strategic
marketing…
Once you know how many segments
exist, you can decide on how many to
go after.
Once you decide to go after a particular
segment, you can now develop a
marketing program and message to go
after that segment.
Once you decide to go after a segment,
you can now position your company
brand between that segment and your
strategy.
21. Market Segmentation:
Customers have differentiated needs/buying process
Segmentation has the advantage of differentiating customers
by profitability and needs/buying process
High
Profitability
Low
Homogeneous Customer Differentiated
needs/buying needs/buying
process process
22. Market Segmentation: Example
An auto insurance study found its customers to have three segments: Price
conscious, Brand loyalists, and Internet buyers.
Mercury Auto Insurance company pursued the price conscious customer segment
with “low rates from $29.99/month” and positioned themselves as the “low-cost auto
insurance leader.”
70
60
Percent of Customers
50
40
30
20
10
0
Price conscious Brand loyalists Internet buyers
Type of Customer
23. Market Segmentation: Case Study
Eyeglass Company
When we met: Company had data (n=947) relating to 45 variables such as staff, location, type glasses, and sale
price of the glasses.
What we did: We segmented data into 5 distinct segments with descriptions, and built an Excel algorithm so that
future stores could be categorized into one of the 5 segments. Validation using a hold-out sample identified a
misclassification of just 2.42%.
The results: Smaller free-standing stores have a similarly diverse frame selection as larger stores, and moderate
size stores in strip malls sold largest percent of high-end glasses.
Segment 1 Segment 2 Segment 3 Segment 4 Segment 5
Q1: How is your practice staffed Optometrist:80% Ophthalmologist: Optometrist:79% Optometrist:79% Optometrist:
(Credentials)? 40% 90%
Q2: How is your practice staffed (Presence)? Owner:85% Owner:47% Owner:70% Owner:71% Owner:72%
Q3: Where is this practice located? Free standing Free standing Free standing Strip mall:44% Strip mall:84%
building:94% building:64% building:64%
Q4: In-house lab No in-house In-house lab on- In-house lab on- No in-house In-house lab
services:100% site:87% site:93% services:99% on-site:95%
Q5: In-house Lens Jobs per week 10.0 172.7 57.7 0.0 65.4
Q6: In-house percentage of total unit volume 30.2 54.5 42.5 0.0 43.9
Q7: Square feet 485.6 1249.8 810.2 630.4 768.6
Q8: Optical frames 813.9 870.8 913.1 615.8 955.6
Q9: Sunglasses 74.2 124.2 139.0 96.7 149.9
Q10: Children optical frames 65.1 158.7 79.2 83.4 127.0
Q11: Percentage of frame sales: Under $100 15.8 20.7 17.5 15.0 16.3
Q12: Percentage of frame sales: $100 - $200 52.3 40.1 45.1 48.5 32.5
Q13: Percentage of frame sales: $201 - $300 23.4 24.9 26.2 26.9 39.6
25. Lead Quality Scoring: Getting to the
Right Customers
Identifying those most likely to buy your
product or service
Minimizing your marketing efforts to
reach those with a high propensity to
purchase
Response rate increases
Cost per sale decreases
ROI of your campaign increases
26. Lead Quality Scoring: Case Study
Health Insurance Company
When we met: Company had data on
current clients (n=16,947): name, billing
information, and type of insurance (that‟s
it).
What we did: First, we requested data on
an additional 2,000 NON-customers, then
appended data to these nearly 19,000
individuals.
The appended data included:
Age range (18-24, 25-29, …75+) Political affiliation (Democratic, Republican, Independent…)
Marital status (single, married,…) Vehicle manufacturer (Acura, Audi, Buick, …Volvo)
Gender (Male, Female, Unknown) Neilson Region (East, metro chicago, West, …)
Religion (catholic, Hindu, Jewish…) Mean years of schooling (HS, Some college, Graduate)
Credit card type (Bank, retail, oil…) Languages spoken (English, Russian, Spanish…)
Net worth Rank (Top, 2nd, 3rd, …15th) Heavy internet user (1=most likely, 10=least likely)
Home value ($1-$50k, $51k-$100k…) Boat population type (Inboard, Outboard, Other)
Mortgage loan type (Cash, FHA, VA…)
Occupation (Business owner, Prof, health services,
teacher, military)
27. Lead Quality Scoring: Getting to the
right prospects
Response Rate with Lead Scoring
% of leads
purchasing Response Rate without Lead Scoring
product or
service
% of leads contacted
28. Lead Quality Scoring: the results
New leads scored for
4
quality.
3 Platinum
Scoring algorithm to use
2 Gold
for new leads as they
Silver
come in. 1
Bronze
0
30. Retention Analysis: Benefits
The greatest benefits of retention
analysis are:
Identify customers who will likely
churn, and implement interventions to
halt churn.
Identify unprofitable customers and
force churn.
Identify employees that are likely to
quit.
Increase retention rates
Improve customer loyalty by offering
customized incentives.
31. Retention Analysis: Case Study
Farmer‟s insurance has been in business for over 80 years with 15 million
customers and $15 billion in revenue, and no predictive analytics.
They found that the top 5% of customers yielded the company about
$16,000 in customer LTV, the bottom 5% yielded just $400!
Churn analysis and LTV can tell you which customers to shed and which to
keep.
See data as valuable, let us analyze it, and grow.
JOHN WITH $1.3 M in data, can’t find it.
The key point is that when you see products ABC you can look to do something about June and July, or create an initiative to increase calls, reward George and Joe (and let them mentor Fred and Cindy--seriously!).
We do 5 things.
The key point is that when you see products ABC you can look to do something about June and July, or create an initiative to increase calls, reward George and Joe (and let them mentor Fred and Cindy--seriously!).
You have to get the right data (health)
The key point is that when you see products ABC you can look to do something about June and July, or create an initiative to increase calls, reward George and Joe (and let them mentor Fred and Cindy--seriously!).
The key point is that when you see products ABC you can look to do something about June and July, or create an initiative to increase calls, reward George and Joe (and let them mentor Fred and Cindy--seriously!).
The key point is that when you see products ABC you can look to do something about June and July, or create an initiative to increase calls, reward George and Joe (and let them mentor Fred and Cindy--seriously!).
Shows a decrease in nov/dec 2010; deutsche/wachovia track each other tilsept 11; spikes down in dec 2011.
Number of segments, characteristics of segments.
Number of segments, characteristics of segments.
If you treat everyone the same, you don’t know who are the profitable customers to go after and the unprofitable one to shed.