Adopting a customer-centered marketing strategy sounds simple. Focusing on the customer's needs, values, and expectations, and subsequently providing value for the customer, is a goal to which many companies aspire, but far too few deliver. The key to successful implementation of a customer-centered strategy comes with the realization that technology alone cannot solve any problem without the people and processes in place to make it actionable. The reality is most companies don't have an integrated infrastructure--technology, people and process--in place to support such an initiative.
Nearly every company focuses on the technology component of the infrastructure and assigns the people and process portions to a lesser level of importance. Technology rarely prevents a customer-centered initiative from being successful. More often than not, human behavior and organizational process are the inhibitors to success.
So, how can you ensure success with such an initiative?
Start by asking yourself the following questions:
Have your employees proven themselves willing change the way they work, if necessary, to provide better service to the customer?
Is your entire company well-trained in the art of customer service, and is everyone customer-focused-regardless of their contact frequency with the customer?
Do you have all the data about your customers that you need?
Are your systems capable of supporting your goals and objectives, in line with your customer's expectations?
If you have found that you can't answer "yes" to each of these questions, you are not alone. Nevertheless, you have taken the first step in recognizing and accepting your company's shortfall, as it relates to your Customer Relationship Management (CRM) capabilities. To get back on track, keep in mind the three dimensions of CRM: technology, human behavior, and organizational process.
Technology: Data, Systems, and Information.
If you are going to be effective in implementing a CRM strategy, you're going to need many different datasets. Data not just about your customers and their purchase patterns, but also data about your products and services, your prospective customers, your competitors, the market, the economy and perhaps the regulatory environment. Next, quality technical capabilities are a must. To be most effective in accomplishing your strategies, you will need to be able to gather,...
I read an interesting article the other day about wireless advertising. The article featured a firm called Mobliss (now PressOK Entertainment) that is fast becoming what some industry experts believe to be one of the leaders in the delivery of wireless advertising. They may very well be on to something.
Mobliss founders have developed a pretty unique business model that delivers advertising, with permission, to those looking to "save time or to kill time." Mobliss, which views itself as a media company, has bet on the "kill time" approach to engaging the consumer. Through the use of gaming and entertainment-oriented content, Mobliss can deliver promotional messages with to wireless devices. These promotions can also be targeted, relevant and location-based. The firm has partnered with gaming and entertainment providers-Group Lotto and Tribune Media Services, among them-- for branded content.
It works by offering a variety of message opportunities--from contextual advertising to mobile alerts--to those accessing the Mobliss servers. One example is their recent partnership with 1-800 Contacts where users, after playing the word unscramble game, Jumble, are presented with an opportunity to call 1-800 Contacts to order contact lenses. In this case, the campaign is even integrated into the game, with the word "vision" as one of the jumbled words. Like other web-based marketing programs, Mobliss promotions can be tracked and are measurable in a variety of ways.
As I read this article, I couldn't imagine anyone sitting around playing games on their cell phones while killing time. I then remembered; the day prior I was sitting in the airport waiting to pick up a friend and found myself, for the first time, playing a game on my cell phone. The difference is that my game is loaded on the phone and doesn't cost anything to play. To take advantage of these other games or entertainment, it requires a connection to a server, and that means I'm paying for the call and the data transfer. Call me cheap-make that "frugal"-but, I'd never do it as long as the wireless pricing models are as they...
It goes without saying that Customer Relationship Marketing (CRM) is one of the most prevalent and important initiatives undertaken by corporations both large and small. Yet, industry experts claim that nearly five out of every ten CRM initiatives fail. What's the difference between those that succeed and those that fail? What does it take to successfully implement CRM?
My observations from successful CRM initiatives suggest that success can be, in part attributed to the ability to strategically manage the various aspects of CRM within the context of your organizations broader business direction. Based on our experiences, we suggest organizations consider the following points when developing and deploying a CRM initiative:
Create a strategic CRM vision. Buying the latest and greatest CRM software application or developing the slickest e-commerce site will not solve your CRM challenges. While technology certainly plays a major role in supporting the success of CRM, CRM is really a strategic initiative. It's a way of doing business, not just a way of managing information. As such, a CRM initiative will be most successful if an organization has a clear vision for how it wants to deliver value to its customers.
A strong CRM vision is critical because it helps ensure that the decisions made in selecting technology will be made on the basis of the goals of the company and not be driven-or limited-by the functionality or capability that a particular software application may provide. Remember that technology should support the vision of CRM, not drive it.
Avoid the cookie-cutter technology approach to CRM. Every business has a unique way in which it deals with its customers, and while there are many technological CRM solutions that designed for your particular industry, virtually all will need customization to address your specific organizational needs to build loyalty with your customers. The goal with CRM is to differentiate your business from your competitors. If everyone uses the same technology or software application without customization, there's no significant competitive differentiation and you've gained little from your...