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Bob Thompson

Bob Thompson

CustomerThink Corp.
Bob Thompson is CEO of CustomerThink Corp., an independent research and publishing firm focused on customer-centric business management, and Founder/Editor-in-Chief of CustomerThink.com, the world's largest community dedicated to customer-centric business. Thompson is a popular international keynote speaker, blogger and author of numerous reports, articles and papers. He also serves on the Board of Directors of the Customer Experience Professionals Association.
  • 0 comments 3,305 reads
    Posted on 2011-10-28

    Fourteen years ago Greg Gianforte launched RightNow out of a spare bedroom at his house in Bozeman, Montana. Not exactly the tech center of the world, one way that RightNow has taken the road less traveled.

    At this year's RightNow Summit, Gianforte said that in those early days, email was the hot thing. Some vendors (e.g. eGain) were launching customer service solutions to support that channel. But Gianforte placed his bets on a web-based "self-learning" knowledgebase. Think FAQ on steroids and you wouldn't be far off.

    Fast forward to 2011, and you’ll find RightNow as a public company ensconced as the leading B2C customer service solution in the SaaS turned Cloud Computing industry. Web self-service is still a core solution, but RightNow has expanded to offer solutions for the agent desktop and added social...

  • 0 comments 2,875 reads
    Posted on 2011-09-23

    This week, contact center analytics vendor NICE acquired VoC/EFM provider Fizzback for about $80M. The transaction should close in October, according to Anna Convery, VP of Global Strategic Marketing at NICE.

    Fizzback is a U.K.-based company that has kept a pretty low profile here in the U.S., although they have been expanding into North America and Asia according to Convery. Still, the company has some very impressive (and customer-centric) clients like O2, TESCO and T-Mobile. With a little help from NICE, Fizzback should have an easier time penetrating the U.S. market which has a number of strong EFM/VoC vendors.

    I'm pleased to see this acquisition because it's further evidence of the mainstreaming of VoC programs, which should become an integral part of a customer-centric enterprise and not a...

  • 1 comments 6,482 reads
    Posted on 2011-08-10

    Forrester Research was kind enough to share a review copy of a new report on The Emergence of Customer Experience Management Solutions, with the catchy subtitle "How CXM Will Help eBusiness Leaders Drive Interactions Across Touchpoints."

    Did you catch that? Yes, that's right, a new acronym is born!

    Here's how CXM is defined:

    A solution that enables the management and delivery of dynamic, targeted, consistent content, offers, products, and service interactions across digitally enabled consumer touchpoints.

    My view is that CXM is Forrester's attempt to create some differentiation in the growing CEM technology world. So long as CXM stands for the technology space/solutions and CEM for the methodology, it just might work.

    I was happy to see analyst and lead author Brian Walker also write...

  • 3 comments 3,524 reads
    Posted on 2011-07-28

    Moxie Software briefed me on the recent announcement of an update to its Customer Spaces™ applications—a suite of apps supporting traditional and social-powered customer service.

    Moxie is an interesting company with a somewhat tortured history. It's one of the trailblazers in integrated social business, but it has largely failed to be recognized for this. Partly because it did business under the clunky name nGenera until a name change in Sept. 2010 to much-improved "Moxie Software." What business wouldn't want to get more "moxie"—slang for vigor, nerve and know-how.

    I wrote this about nGenera over two years ago in nGenera Pushes Vision for Collaborative Business Management.

    ...
  • 8 comments 22,710 reads
    Posted on 2011-07-22

    Many years ago as a young Business Unit Executive at IBM, I was assigned an account that was expected to develop into a $50M+ opportunity. Or so my quota said! We had a crack team assigned and everyone was busy, but I wasn't entirely sure that our relationship was on track. So, I set up a meeting with the CEO to ask: "How are we doing?"

    Although he said everything was "fine," his body language told me a different story. I dug deeper to get the real scoop and, needless to say, we got busy taking action on the CEO's top issues. Ultimately, the relationship prospered beyond our expectations.

    Nothing beats a face-to-face meeting to get customer feedback. Some researchers think that words express only seven percent of human communication. The other 93 percent include how the words are spoken to convey emotion and body language such as gestures, posture, eye movement and facial expression. Emoticons...

  • 6 comments 4,532 reads
    Posted on 2011-07-20

    I follow tennis and golf actively. These are two sports I’ve played throughout my life, and it’s amazing how good professionals are. They play a game that amateurs can never fully appreciate.

    Remember when Roger Federer was winning all those majors? He was the tennis world's No. 1 player for a record 237 weeks and won 16 Grand Slam titles -- eclipsing the record of 14 held by Pete Sampras. Many thought that record would never be broken.

    Then came along Rafael Nadal from Spain, a clay court specialist who rapidly learned how to win on all courts. With 10 "slams" at age 25, he could one day break Federer's record.

    But wait, now there's this Serbian named Novak Djokovic who recently became No. 1. He won 41 straight matches from the start of 2011, and beat Nadal at Wimbledon.

    In golf, Tiger Woods had a long reign as No. 1. He won 14 majors and a couple of years ago everyone thought he was going to break Jack Nicklaus' record of 18. But after a scandal and...

  • 0 comments 3,644 reads
    Posted on 2011-07-07

    This week I was honored to present to the annual conference of the CRM Association Japan, organized in Tokyo since 2003 by founder and Chairman Jack Fujieda. It's quite a remarkable achievement, especially considering Jack is also quite active in the open source movement as Chairman of The Open Group Japan. Fujieda is one of those rare people that can balance discussions about business strategy and technology trends with ease.

    This time I spoke about what I call CBM - Customer-centric Business Management -- a holistic approach that integrates processes (CRM), experiences (CEM), analytics (VoC and more) and social/collaboration (Social Business). Attendees were quite taken by my characterization of CRM as a "left brain" and CEM as a "right brain" approach to customer relationships, as you can see in this chart.

    ...

  • 3 comments 4,212 reads
    Posted on 2011-06-22

    At an executive breakfast event in Chicago last week, I was speaking about social media and sharing a few examples of companies I admire. I gave Zappos as an example of a customer-centric company that really worked hard to delight its customers when they called or connected on social networks.

    I asked the audience if there were any Zappos customers, and the majority raised their hands. Then I asked if anyone had ever had a bad experience with Zappos, and a marketing executive said he wasn't happy about Zappos ads following him around online after he visited the site.

    Without really thinking about it, I promised him that if he called Zappos to discuss the issue, he'd be happy with the way they responded. To show I was really serious, I wagered $100 and gave him my business card.

    Here's what happened, according to the email he sent to Zappos CEO Tony Hsieh:

  • 34 comments 15,144 reads
    Posted on 2011-06-21

    Is it my imagination, or is the lifespan of buzzwords shorter these days?

    "Social CRM" was coined by Oracle in 2008 to mean collaborative sales using Web 2.0 technologies. Since then, other vendors, consultants and analysts have jumped in like sharks after chum in the water. The culmination: Early this year Gartner predicted a $Billion Social CRM market by 2012.

    Really? Can you call something a market if the participants don't want to be in it? Even as interest in social computing applications is accelerating, software marketers are increasingly using "customer experience" or, less frequently, "social business" to peddle their wares.

    The problem with Social CRM is two-fold:

    1. Tacking "social" on the front of CRM doesn't change the market perception that CRM is about front-office (mainly sales) automation. Salesforce.com is the classic example of a CRM vendor, and is nearly always the first vendor named when I bring up the term "CRM" in conversations...

  • 2 comments 3,524 reads
    Posted on 2011-06-03

    Last week I attended the annual customer conference of NICE in Las Vegas. In this post I'd like to share a few observations about how NICE is approaching the emerging market for multi-channel experience analytics.

    You may be surprised to know that NICE is 25 years old and books some $800M in annual revenue, growing roughly 20% per year recently. The company is a big name in the contact center industry, by virtue of its solutions for call recording, workforce management and speech analytics. But as you'll learn, company leaders want to become the go-to solution in cross-channel Customer Experience Management (CEM) analytics too. These sorts of solutions are marketed as NICE Enterprise.

    NICE also sells solution to combat financial fraud (NICE Actimize) and manage physical security (...