blog: business students

A Report on the Customer Experience Conference, CMA – 11-04-2013

Overall: an uplifting event demonstrating that customer-centric marketing has come of age, albeit rushed through teen adolescence at light-speed, by the power of social media.

Some very strong presentations and some surprises:

GO Transit wins the award for a Public Agency teaching private enterprise how to go about their business: for putting customer experience at the front of the line and driving up commuter volumes. Their customer research, segmentation and designing their brand promise entirely around the customer’s values of ‘easy’ rather than a transportation value of ‘efficient’ is as customer-centric as can be. How far apart are easy and efficient? We usually separate them with a comma − easy, efficient − it rolls off the tongue. Go-Transit learned the hard way, that when you separate ‘efficient’ from ‘easy’ an entire customer base can fall through the cracks. Great job learning that and fixing it in such a comprehensive and successful way!

1-800-Got-Junk? also rates top marks for walking the walk in customer-centric marketing. Compensating your franchisees based on the degree of positive customer feedback is a brilliant incentive, and immediately measurable through use of the net promoter score service. And then turning each high-score customer into a brand ambassador for lead-generation −very slick. If only all business models were so simple.

Other key ambassadors of integrated customer-centric business models, Porter Airlines and Miele Canada were very powerful reinforcements of the core value of the strategy.

It was very exciting to learn how Microsoft, Samsung and Canadian Tire have re-focused their energies on customer experience. If these Mega-brands in their respective markets have taken this on board, it is very encouraging to contemplate how customer-centric marketing will start to influence all aspects of delivering on the brand promise for marketers.

Most encouragingly, the conference was packed. Well done CMA for planning and hosting.

Written By |B2B, B2C, Customer Focus, In the News, Marketing Strategy, Relationship Marketing|Comments Off on A Report on the Customer Experience Conference, CMA – 11-04-2013

Social Media and other bubbles

Read Social Media Skeptic (MM 11/30/12), for the commentary on BJ Mendelson’s new book “Is Social Media Bull#*%!?”. It reads like a wail of dashed hopes and dreams. Once a social media neophyte, the author became jaded after a miserably-failed campaign in the cause of something great and beautiful. He calls a ‘crime’ the hoopla that surrounds any ‘next big thing’. There is a smack in his words of: “The more things change the more they remain the same”.

Yes, he may have a perspective, but the big question is: “Why do we have to pay money to read a book about a truth that has remained constant throughout human history?”

MORE, BETTER, FASTER ISN’T A GOAL IT IS A PROCESS. 

The goal is perfection. Perfection is unattainable. So the bubble is created out of human expectation.

I like expectation bubbles. They drive change. The reason they burst is because the expectation is either flawed in logic, or beyond the reach of achievement with the resources currently in place. Nobody likes a bubble to burst, but they do, eventually. Flawed logic can create a devastating burst (housing market in US, .com meltdown etc.)

BJ Mendelson saw his expectations pop when he followed the rules laid down for success and it did not work. He is pointing to a ‘flawed logic’ within the Social Media bubble. Does anybody really see Social Media so rosily-coloured? I hope not.

Social Media has created a dynamic platform of communication that can scale easily and rapidly. Exactly what content will scale is as predictable as rain in the Sahara. It is also more subject to the whim of influencers than to content creators. And what scales could equally be trivia or significant; of commercial value or zero value.

If your expectation is a guarantee of success then it is your individual logic that is flawed. If you can make money selling a book about it, good luck. You might save someone with logic as flawed as your own from investing in Social Media.

I don’t participate in Social Media much, because I personally don’t enjoy the interface. But I understand the genre of user that does. As humanity continues to bond with Digital Interfaces then Social Media platforms and their like will remain essential hubs of human interaction.

If the bubble bursts, it will be because something else evolves to create a higher expectation, not because the logic is flawed, as BJ Mendelson implies.

Written By |Advertising Truths, In the News, Marketing Strategy, Uncategorized|Comments Off on Social Media and other bubbles

TRAVERSE MARKETING

You have your product and your partners in place and core of customers that value what you offer who maintain your cash fl ow and profitability. Opportunities beckon in other markets, providing chance to duplicate your success. You scope out thepotential and speak to a few people. The board is supportive, you give it your best shot and in a few months you are seeing a sizeable return on your investment. If only it were that simple. For more see: Traverse Marketing

The Government is the Nanny of the State

It could have been the worst teaching night of my experience, talking for 2.5 hours about the role of government in business to first year Under-Grad Business students. (okay, we took a five minute break). It ended up not quite so bad after I hit on the metaphor of the Government being the Nanny of the State.

When the children play nice, Nanny gets on with her knitting. Catch a boo-boo? Run to Nanny. Misbehave? Watch out for Nanny. Playing the bully? Nanny takes the bully down. Best case scenario, Nanny stays away until it’s time for treats.

The consensus of the class was: “Keep Government out of business as much as possible.” “Only as a last resort.” “Well, if the economy is completely failing, then of course we do need Government to step in.” I will not rant politics because the general consensus is “Right now we need Nanny”.

One part of my presentation to take home for the customer-centric marketer was ‘The reason why some industries self-regulate: to avoid the imposition of external regulation’. The ad industry is a good example in many countries, where advertising standards are self-adopted, rather than deal with the government as the ombudsman of integrity in advertising. Financial markets were also self-regulating (:o(.

The key point to be made is that, when an industry regulates itself, it generally does so with the goal of protecting itself from the consequences of being regulated from elsewhere. Regulation that is seen to be done, is not designed to protect the average Joe. It protects the industry it serves from a greater imposition of authority. Kids playing by the rules to keep Nanny out, rather than to be really, really fair. Did I mention that Financial markets were self-regulating (:o(

I believe increasingly, that the standards by which all commercial activity will become judged is through the regulatory lens of the CUSTOMER. The customer represents the primary moral imperative to ensure business continuity, customer frequency and loyalty. I wonder how the class would have reacted if I had inserted the word CUSTOMER in place of government throughout the entire presentation? We are not so resistant to the actions of our customers within private enterprise as we are to the Nanny of the State..

The Nanny of the State certainly has the customer in mind in times of crisis. Stimulation of retail activity, Keynesian economics to prime the pump of consumer spending et al. When will the penny truly drop that, by applying the right integrity and values within our business and our marketing, we can bypass the Government and do very nicely?

Written By |Advertising Truths, Marketing Strategy, Uncategorized|Comments Off on The Government is the Nanny of the State
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