Chief Customer Officer

Barry Dalton

Salmon Aren't Very Bright

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My thinking on this subject has refined over time since I first wrote this post, encouraging customer service to grab the brass ring and seek its seat at the strategy table, along side marketing.  the main reason?  I think that well-intended message has been distorted.

Just a random guess, but I'm thinking its safe to say there's been thousands of blog posts written over the past couple of years declairing customer service is the new marketing.  I'm also guessing its safe to say that just about zero CMOs or other heads of marketing have since genuflected at the office doorway of their customer service bretheren in a demonstration of submission.  Just a guess.  

In most companies, marketing is king.  Always has been.  Marketing has the big budgets.  Marketing creates the positioning.  Marketing drives revenue (even though nobody can figure out how or why we even need to measure it). 

I'm not talking about a reversion to old internally focused, product centric culture.  No.  Customer centricity and a superior customer experience is still the goal.  Companies like Virgin, Zappos and Amazon will continue to create value through well designed customer-focused experiences.  But, maybe the better way for customer service to deliver on that goal is to work in support of marketing.  Allow each function to do what it does best, while learning the best parts of each others' value proposition.  Customer service serves.  why not serve marketing? 

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Lynn Hunsaker

Big Gains by Presenting Voice of Customer to All Employees

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Present voice of the customer to all employees, and you will be more likely to reap financial benefits and manage customer experience holistically, according to the 2011 Business-to-Business Customer Experience Management Benchmarking Study.

Voice of Customer

Although only a third of companies are presenting customer feedback to all employees, those who do reported at least 20 percentage points advantage in the performance of holistic customer experience management, as shown by the gaps in blue and red bar graphs below. Examples of business results attributed to customer experience management efforts include:

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Lynn Hunsaker

Payoff for Coordinating Customer Experience Management Enterprise-wide

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Connect your customer experience management efforts across the company, and enjoy exponential benefits, according to the 2011 Business-to-Business Customer Experience Management Benchmarking Study.

Customer Experience Management Collaboration

Companies with managers (of their top five methods to achieve CEM goals) who meet together quarterly or more often for coordination purposes, or have dotted-line reporting to a single executive or committee tend to enjoy advantages* in the following areas:

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Dr. Johnny D. Magwood

Relationship Marketing and Virtual Communities Means Value Added

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In progressive organizations, leaders are beginning or have already realized that scientific management in not the only management practices to improve market share, revenues, and profits. Such organizations have embarked upon a corporate cultural transformation to embrace market oriented behaviors. In doing so, customer relationship marketing (RM) has become an organizational platform for operational success. Customer RM stems from competitive strategies to optimize quality and operational performance (Beaton & Beaton, 1995). Competitive strategies are grounded in time-based competition, total quality management; just-in-time management; early supplier involvement; addressing cost pressures; globalization of markets and international marketing; increased technical co-operation; downsizing of the business as necessary, changes in production and operating structures; and the need for organizational flexibility (Beaton & Beaton).

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Predictive Analytics World Toronto 2012 Conference Announces Speaker Line-Up

Toronto, Ontario – Predictive Analytics World, the business-focused event for predictive analytics professionals, managers and commercial practitioners, today announced the speaker line-up for the April 25-26, 2012 Toronto Conference (www.predictiveanalyticsworld.com/toronto/2012).

Predictive Analytics World (predictiveanalyticsworld.com.com) is the business-focused event for predictive analytics professionals, managers and commercial practitioners, covering today's commercial deployment of predictive analytics, across industries and across software vendors.

PAW Toronto promises to once again break records as the biggest cross-vendor predictive analytics event ever. PAW's program is packed with the top predictive analytics experts, practitioners, authors and business thought leaders, including keynote addresses from Edward Nazarko, Client Technical Advisor, IBM and PAW Program Chair Eric Siegel, plus special session from industry heavy-weight John Elder, CEO & Founder, Elder Research, Inc.

Case Studies: How the Leading Enterprises Do It

Predictive Analytics World focuses on concrete examples of deployed predictive analytics. You can hear from the horse's mouth precisely how Fortune 500 analytics competitors and other top practitioners deploy predictive modeling, and what kind of business impact it delivers.

PAW's Toronto 2012 program is one of the richest and most diverse yet, featuring over 25 sessions across 1 track: "All Audiences,” -- so you can witness how predictive analytics is applied by Adobe, Alberta Motor Association, Canadian Imperial Bank of Commerce, Crawford & Company, Galorath, Lawrence Livermore National Laboratory, Pfizer, Topsy Labs, U.S. Federal Government and true-to-life anecdotes based on miscellaneous enterprise successes, plus insights from projects for Anheuser-Busch, Disney, HSBC, Pfizer, U.S. Govt., and others.

HOT TOPICS AND ADVANCED METHODS: PAW SF’s agenda covers ensemble models, financial services, fraud detection, healthcare analytics, human resources analytics, insurance, social data, software development cost estimation, text analytics and uplift modeling, including other innovative applications that benefit organizations in new and creative ways.

WORKSHOPS: PAW also features several full-day pre- and post-conference workshops that complement the core conference program.

Join PAW and access the premier keynotes, sessions, workshops, exposition, expert panel, live demos during "Lab session," networking coffee breaks, reception, birds-of-a-feather lunches, brand-name enterprise leaders, and industry heavyweights in the business.

Cross-Industry Applications:

Predictive Analytics World is the only conference of its kind, delivering vendor-neutral sessions across verticals such as banking, financial services, e-commerce, education, government, healthcare, high technology, insurance, non-profits, publishing, social gaming, retail and telecommunications

And PAW covers the gamut of commercial applications of predictive analytics, including response modeling, customer retention with churn modeling, product recommendations, fraud detection, online marketing optimization, human resource decision-making, law enforcement, sales forecasting, and credit scoring.

Why bring together such a wide range of endeavors? No matter how you use predictive analytics, the story is the same: Predicatively scoring customers optimizes business performance. Predictive analytics initiatives across industries leverage the same core predictive modeling technology, share similar project overhead and data requirements, and face common process challenges and analytical hurdles.

Rave Reviews:

"I came to PAW because it provides case studies relevant to my industry. It has lived up to the expectation and I think it's the best analytics conference I've ever attended!"

Shaohua Zhang, Senior Data Mining Analyst
Rogers Telecommunications

"Hands down, best applied analytics conference I have ever attended. Great exposure to cutting-edge predictive techniques and I was able to turn around and apply some of those learnings to my work immediately. I've never been able to say that after any conference I've attended before!"

Jon Francis, Senior Statistician
T-Mobile

Read more: Articles and blog entries about PAW can be found at pawcon.com/pressroom.php

VENDORS. Meet the vendors and learn about their solutions, software and service. Discover the best predictive analytics vendors available to serve your needs - learn what they do and see how they compare

COLLEAGUES. Mingle, network and hang out with your best and brightest colleagues. Exchange experiences over lunch, coffee breaks and the conference reception connecting with those professionals who face the same challenges as you.

GET STARTED. If you're new to predictive analytics, kicking off a new initiative, or exploring new ways to position it at your organization, there's no better place to get your bearings than Predictive Analytics World. See what other companies are doing, witness vendor demos, participate in discussions with the experts, network with your colleagues and weigh your options!

For more information: predictiveanalyticsworld.com/toronto/2012

Registration: http://www.predictiveanalyticsworld.com/toronto/register.php -- THREE WAYS TO SAVE:

1. Super Early Bird Registration by February 10, 2012 – Save up to $400.

2. Take $150 off the Early Bird or the Advance Two Day Pass registration fee with this posting's promotional discount code: CUS150.

3. Save an additional $200 for each additional attendee from the same company registered at the same time.

View the PAW overview video:
www.pawcon.com/newyork/2011/video_about_predictive_analytics_world.php

What is predictive analytics? See the Predictive Analytics Guide:
www.predictiveanalyticsworld.com/guide

If you'd like our informative event updates, sign up at:
www.predictiveanalyticsworld.com/signup-us.php

To sign up for the PAW group on LinkedIn, see:
www.linkedin.com/e/gis/1005097

Follow PAW on Twitter:
http://twitter.com/pawcon/

For inquiries e-mail regsupport@risingmedia.com or call (717) 798-3495.

ALL ANALYTICS EVENTS:
PAW San Francisco: March 4-10, 2012 – www.pawcon.com/sanfrancisco
Text Analytics World SF: March 7, 2012 – www.tawcon.com/sanfrancisco/2012
PAW Toronto: April 25-26, 2012 – www.pawcon.com/toronto/2012/
PAW Chicago: June 25-26, 2012 - www.pawcon.com/chicago/2012/
PAW Germany - Nov 6-7, 2012 - www.pawcon.com
PAW London - Nov 27-28, 2012 - www.pawcon.com
PAW Videos: Available on-demand – www.pawcon.com/video

6 Success Factors Identified for Business-to-Business Customer Experience Excellence

The 2nd Annual ClearAction Business-to-Business Customer Experience Management (CEM) Benchmarking Study has identified six best practices for strong market performance and customer experience excellence:
• Coordination among managers of CEM methods.
• CEM as a determinant of corporate strategy.
• Presentation of survey results to all employees.
• Calculation of customer lifetime value (CLV).
• Action on survey results by owners of customer experience key drivers.
• Funding of cross-organizational collaboration.

These findings may be instrumental to the future of customer experience as the majority of companies have not yet implemented the above practices. Among the firms that are implementing most or all of these best practices, CEM-related business performance is much stronger and other CEM best practices are also more abundant.

Examples of business results attributed to customer experience management efforts include:

  • 200% growth in profit over the past 4 years. (Chemicals)
  • 200% increase in market share over the past 4 years. (Semiconductors)
  • 20% improvement in revenue over the past year. (Telecommunications)
  • Over $100M in new and existing opportunities influenced in 2011. (Software)
  • New sales year over near have nearly tripled over the past 2 years. (Software)
  • Increase in revenue 10% year over year. (Medical Devices/Pharmaceuticals)
  • Double digit growth over the past 4 years. (Machinery)
  • 15% reduction in churn over the past year. (Transportation/Logistics)

The most common methods in use to reach customer experience management goals are, respectively, customer touch-point improvements, customer surveys, first contact resolution of customer concerns, customer intelligence, and improvements to existing products.

Two-thirds of business-to-business (B2B) companies have realized a strong or moderate impact on the success of CEM efforts through employee engagement and employee empowerment to act in the best interest of customers. Employee engagement funding has increased over the past year for CEM efforts among at least a quarter of B2B firms in the areas of internal staffing, cross-organizational collaboration, training and conferences, process improvement, customer touch-points (including customer journey maps and customer life cycle management), and internal communications.

Similarly, a strong or moderate impact on the success of CEM is reported by two-thirds of study participants through the use of quality tools (such as six sigma, Pareto, etc.), executive sponsorship, and systems thinking (such as explicit recognition of connections and consequences across actions, processes, organizations, etc.). Customer engagement funding has increased over the past year for CEM efforts among at least a third of B2B firms in the areas of branding and campaigns, customer relationship management (CRM), customer data analysis, and customer surveys.

This annual study is the only global analysis of customer experience among business-to-business companies across all industries. It monitors the journey to world-class performance in how business-to-business firms (1) listen to customers, (2) view customers, (3) center employees on customers, and (4) center business on customers. It explores the motivations behind CEM and its linkages to corporate goals, strategy, culture, processes, and business success. Recommendations for stronger customer experience strategy, cross-organizational cooperation, and business results are provided in the study.

This study was sponsored by ClearAction and The Insight Advantage. The third annual B2B CEM study is scheduled for publication in mid-2012.

The Insight Advantage is a full-service research firm, providing a wide range of services (web surveys, focus groups, telephone interviews) to help companies implement customer research for ongoing insight into their customers' evolving needs and expectations. Jennifer Berkley Jackson, head of The Insight Advantage, is an extension faculty member of University of California - Santa Cruz.

ClearAction: is a customer experience consulting firm that helps organizations build enterprise-wide customer-focus and customer experience innovation. ClearAction's skills and pragmatic experience in customer satisfaction, quality, marketing, and organizational development catalyze value from customer feedback by applying it to daily decisions and processes company-wide. Lynn Hunsaker, head of ClearAction, is author of three ebooks: Innovating Superior Customer Experience, Metrics You Can Manage for Success, and Customer Experience Improvement Momentum.

Keith Schorah

12 Trends in Voice of the Customer for 2012 - Part 2

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The Next Installment in our series of 12 Trends in Voice of the Customer for 2012 looks at the crunching large amounts of data and examining customer preferences to make the customer experience part of the brand:

Making customer insight part of the brand experience

Customer feedback is increasingly being used in company strategy and has become a rich source of insight. As collecting feedback becomes more frequent, companies will look to integrate feedback gathering into the brand experience. The methods of collection will be matched to the brand with integration into the total experience in mind.

Data Rich Environments

With the increase in available channels for customer feedback, a huge amount of data is being gathered from customers. Channels such as social media create a large amount of useful data, but there is a necessity to analyse this data in order to gain insight. An increase in the complexity and speed of analysis will allow companies to learn more about their customers.

The right channel for the right customer at the right time

Customers will offer feedback on different areas of service based on when they are asked for feedback. By using event based surveys and taking into account the customer’s preference, the maximum amount of useful feedback can be gathered from each customer.

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Bernhard Schindlholzer

Trendwatching reports on the 12 Crucial Consumer Trends for 2012

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Trendwatching, one of the premier sources for trend research has just published the trend report for 2012 and identifies 12 mega trends that might influence consumers and brands next year.

The trends that are predicted to become relevant in 2012 are:

  1. Red Carpet
  2. DIY Health
  3. Dealer-Chic
  4. Eco-Cycology
  5. Cash-Less
  6. Bottom of the Urban Pyramid
  7. Idle Sourcing
  8. Flawsome
  9. Screen Culture
  10. Recommerce
  11. Emerging Maturialism
  12. Point & Know
  13. Bonus: More-Ism

You can download the complete report as a PDF or view the report online.

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Marion Timpson

You Can't Sell What You Don't Know

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Selling is both an art and a science. On the ‘science’ side, certain skills and techniques are required to navigate sales processes in order to understand buyers and their needs. On the ‘art’ side, selling is more emotional and fuzzy.

Sales agents can genuinely connect with their audience by knowing the products they sell. It starts with intimately knowing about the products that agents are selling. In other words, sales people should actually USE the products they sell.

Take for instance an agent tasked with selling a cleaning product, and they have no prior experience using the product. That agent should bring it home and use it as customers would. This sales practice applies to all products and services across a diverse range of industries. Even though it seems straightforward, the majority of sales agents do not have experience with the products and services they are pitching. This is a critical factor leading to undesirable conversion rates.

Becoming entrenched in products that agents sell is a trait that makes centers unique. We encourage our agents to take the products home to use them first hand, as their customers would. To empower buyers to make a purchase, agents must know 2 things: the product and the purchaser.

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MarketPlace

Drive customer loyalty, empower support teams, and reduce costs. Get social.

[Feb 22] Guest speakers from Forrester Research, Allscripts, and CustomerThink will discuss market trends and research on social customer service strategies, as well as proven tactics from the trenches. Join the live webcast on Feb 22 at 10am Pacific (1pm EST).

Global Customer Experience Management (CEM) Certification Program

[March 13-14, Paris] An internationally recognized program with proven track record of success - being run for 33 times in 13 cities with attendees from 50 countries, the program is developed based on the U.S. patent-pending Branded CEM Method which aims to drive customer loyalty and brand differentiation with quantifiable business results. Limited offer: USD300 early bird discount.

10 Steps to a Single Customer View

Linking customer data across department databases and business units improves business intelligence, customer profiling, and customer management. This paper outlines 10 steps to improve the quality of customer contact data, including physical mail, email, and telephone information.

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Free e-book (no reg required). 15 articles by digital marketing thought leaders.

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Patent-pending methodologies combine the art and science of Customer Experience Management.

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