Tagged with Marketing

Aligning the Customer and Employee Value Proposition

Many companies are working hard to create a world-class customer experience and employee experience i.e. ensuring that they offer a compelling, clear value proposition for its customers and employees. At the same time, it is also critical to make sure that these two value propositions themselves are in alignment. For instance, if the customer value proposition is “on the spot resolution of problems”, then the employee value proposition cannot espouse a process-driven culture. After all, a culture of empowerment is more important to support that particular customer value proposition.

It is interesting to think about the fact that Marketing departments don’t really control how employees understand the brand or display the brand values or deliver the customer value proposition. And yet, company brand and reputation are typically drivers of talent attraction. Similarly, the HR departments don’t exercise much control over company brand, customer perceptions etc. And yet, employees are the key factor in delivering the customer value proposition.

More than anywhere else, I think this is particularly relevant in service sector industries like say financial services, hospitality, healthcare, professional services, retail etc. In these industries, every employee is a representative of the company brand. And every employee creates or destroys brand value at each customer interaction point. Companies need to think about how they can get HR and Marketing teams to work together to design and deliver an integrated value proposition to their employees and customers. Have you come across companies who are doing this effectively?

Tagged , , , , , , , , , , ,

Designing Customer Experiences

These days I have been working with a client to help design their executive education center for their leadership cadre. They want to provide trainees a world-class learning experience, not only in terms of quality of education, but also hospitality. They don’t even call them “trainees”, but call them “customers”. So, it’s like they want to create the Ritz Carlton of executive education.

I am yet to fully immerse myself in the project, but am working with a simple construct in my mind. Many times, when companies are looking at customer experience programs, they end up automating processes & setting policies which definitely ease internal operations, but may not directly translate into positive experiences for customers. That’s internal focus. My simple thought is that the process has to be reversed, with focusing first on what the customer experience should look like, how would positive interactions / touch-points look like and then think about what systems / processes are needed to get to the desired state.

So, a fancy CRM will not do the trick for you, if it has not been designed & implemented with the customer in mind.

Tagged , , , , ,

Every Interaction Matters!!

I am a consumer too. I consume a lot of services like banking, telecom, insurance, retail shopping, medical etc. When I look back and think what draws me repeatedly to some service providers, I realize it’s not usually the product. The product is almost similar. Price could play a role, but “search” costs are high. Product and pricing are mere hygiene factors – necessary to keep you in the game. What brings me back is “People”.

Callcenter2

Ultimately, all service organizations are “people businesses”. Think of the last time you called up the phone-banking of your bank. That very interaction left you feeling either “better off” or “worse off” that what you felt before making that call. As you walk into a grocery store, the staff made it all too easy for you or you were left searching the mazes. Your perceptions of the organization are impacted by people.

And, every interaction a customer has with an organization’s employee is either a “deal maker” or a “deal breaker”. Either you can engage your customers through these interactions or end up with “lost opportunities” for engaging your customers.

And, positive employee-customer interactions are going to happen only when your employees are engaged. Start treating your employees like the way you would like them to treat customers. Because, it’s not just about the product. People are the software powering your business. They are your strongest marketing tool!

Tagged , , , , , , , ,

Shai Agassi: A Bold Plan for Mass Adoption of Electric Cars

Shai Agassi, earlier a senior executive with SAP, is the founder-CEO of Better Place. In this TED talk, he blows us away with his thoughts about how we could make countries “oil-free” by 2020. He shares his passionate vision for an electric cars and a network infrastructure to enable the migration to and operation of emission-free vehicles.

Let me stop here and let’s hear from the man himself.

Add to FacebookAdd to NewsvineAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Furl

Tagged , , , , , , , ,

Idiot’s Guide to Brand Loyalty

This is the simplest graphic I have ever seen on brand loyalty. It’s dead simple and I am not going to write anything about it!!

brand-stairway

Tagged , , , ,
Follow

Get every new post delivered to your Inbox.

Join 25 other followers