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Archive for July 12th, 2006

Engaged Customers

Posted by John Todor on July 12th, 2006

“Pleasure is a powerful source of motivation, but it does not produce change; it is a conservative force that makes us want to satisfy existing needs, achieve comfort and relaxation … Enjoyment (gratification) on the other hand is not always pleasant, and it can be utterly stressful at times. A mountain climber may be close […]

Customer Engagement

Posted by John Todor on July 12th, 2006

 Customers must live and function in a context that is so fast-paced and fast-changing that it is straining their ability to cope. A shortage of time is a major concern for most people. There are too many things to do, and so much to accomplish but there is still only twenty-four hours in a day. […]

Win-Win-Win Business Relationships

Posted by John Todor on July 12th, 2006

   Many believe customer loyalty is dead. Many also feel sustainable profits and growth is extremely difficult. Most businesses are chasing short-term profits in an ever-tightening spiral of cutthroat competition. Companies buy their customer’s business through pricing, incentives, or convenience, promising more for less, faster and with less involvement. This further motivates customers shop on […]

Acquisition Costs, the Customer Experience and Profits

Posted by John Todor on July 12th, 2006

  It came up again today in the Q&A session following my presentation. How can a company cost-justify allocating resources to enhance the customer experience-where’s the pay-off, where do the funds come from?
 
  Here’s a statistic that should bring the financial justification into perspective.
 
  One in five customers walked out of retail stores in the […]

Trust in Customer Relationships

Posted by John Todor on July 12th, 2006

“Our study found that if respondents lose trust in a company, they are highly likely (70% to 80%) not to purchase its products or services. Worse, people do not simply internalize their doubts; they talk to others and spread distrust-with up to 33% now using the web to post their views.” 2006 Edelman Trust Barometer […]

Context, Customers and Opportunity

Posted by John Todor on July 12th, 2006

con-text (kon’-tekst) - the interrelated conditions or situation in which something exists; the circumstance that defines meaning or value.
   In the views of many struggling business people, when their company’s profits and growth are below expectations, the customer is the culprit. A Conference Board survey of CEOs ranks customer retention as their number one challenge. […]