This course fits comfortably between two categories: customer service and marketing. Have you ever wondered what makes some organizations shine in the hearts and minds of customers, achieve the highest levels of customer delight and at the same time generate record profits? In this course we blend customer service and marketing to give a practical insight into the workings of such successful organizations. We cover concepts such as customer satisfaction and loyalty, customer segmentation, profitability, customer satisfaction surveys, the customer value proposition and loyalty schemes, to help you create a roadmap that will take your organization to new heights.
Course Methodology
This course relies on presentations by the consultant followed by written or oral questions as well as case studies and analysis of real industry examples, application exercises to practice the concepts acquired and the development by participants of survey questionnaires in addition to other group presentations and exercises.
Course Objectives
By the end of the course, participants will be able to:
Explain customer satisfaction, retention and loyalty and measure them in a meaningful and systematic way
Defend the use of a profitability dimension to any customer loyalty strategy
Arrange, plan and manage impactful customer satisfaction surveys
Define customer segments, profiles and models for maximum strategic as well as tactical impact
Create 'customer value propositions' that work
Develop effective loyalty schemes: know what to avoid and how to improve them
Target Audience
All marketing staff at any level in the organization, Customer Relationship Management (CRM) departments, market research, loyalty scheme managers and supervisors, product managers, business unit managers, sales managers and supervisors, customer care managers and supervisors, analysts and any interested decision maker, department head or supervisor.
Target Competencies
Customer orientation
Balanced decision making
Results orientation
Understanding prospect's motivation
Integrative ability
Problem and situation analysis
Course Outline
Key definitions
Customer satisfaction, retention, loyalty and delight
Levels of loyalty
Customer satisfaction and loyalty
Customer delight
Key loyalty measurements
Customer Satisfaction Index (CSI) and Customer Retention Rate (CRR)
Profit impact of CRR
Customer life expectancy
Customer loyalty index
Loyalty and profits
The cost of loyalty
Generally Accepted Accounting Principles (GAAP) shortfall
Activity Based Costing (ABC)
Customer profitability and the whale curve
Customer profitability at best practice companies
The strategy quadrants
Customer satisfaction surveys
Surveys and questionnaires
Objective of the survey
Population of interest
Writing the questions
Sampling methods
Administration and analysis
Customer surveys guidelines
Different survey metrics
Types of satisfaction surveys: transactional versus image-based satisfaction surveys
Who and what to measure
How to ask
Loyalty components
The importance of demographics
Segmenting your customers
Attitudinal and behavioral dimensions
Demographic variables, consumer and business
Customer profiling
Customer modeling
Types of business customers (B2B)
Key to loyalty: a 'customer value proposition' that works