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Managing customer relationships is bundling customer-focused strategy and processes to boost customer loyalty and profitability.
As Standard Chartered lived into its customer-focused strategy, its sense of its strategic identity as "Here for good" came more clearly into focus.
The group came around only after it did its own analysis and found that, as the customer-focused strategy was advocating, current bank customers were much more likely to add credit card services than noncustomers.
The company's customer-focused strategy has led to improved first call resolution and customer care satisfaction scores.
With its customer-focused strategy, you can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
With its customer-focused strategy, you can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint andwww.twitter.com/sprint.
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As a result, some companies have figured out how to outdistance rivals through customer-focused strategies that are virtually imitation-proof.
And I think that from that comes this passion to figure out customer-focused strategies as opposed to, say, competitor-focused strategies.
But a lot of our energy and drive as a company, as a culture, comes from trying to build these customer-focused strategies.
Like other management gurus, Zook reiterates the mantra that customer-focused strategies are the ones that work.
Customer relationship management (CRM) is a customer-focused business strategy that dynamically integrates sales, marketing and customer care service in order to create and add value for the company and its customers.
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