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Would the investment lead to increased customer retention, better word of mouth, higher revenues, greater market share?
Thomson is set to increase its offering of 10- and 11-day holidays for 2010, in response to increased customer demand for multi-centre trips and flexible durations.
Wright estimates that it costs 15% more to produce Urban Orchard cider, but investing in a sustainable supply chain has ultimately paid off due to increased customer interest in his product, setting his company apart in a crowded industry.
Preliminary results indicated a significant reduction in the number of iterations between customers and the engineering department, compared to the traditional approach followed by the company, and improved accuracy of maintenance time estimation, which led to increased customer satisfaction.
The response from customers has also been enthusiastic, leading to increased customer acquisition and advocacy.
This not only leads to increased customer loyalty and repeat visits, but also increased sales".
Similar(51)
By exploring the emerging practices of value-based selling and linking the findings to the body of knowledge on value creation and capture, this study investigates organizational capabilities that contribute longitudinally and relationally to increased customer-perceived value in sales management practice.
Vendors are aware of the major adoption roadblocks, and are ratcheting up efforts to increase customer knowledge, minimize customization requirements and make any necessary devices more affordable.
Automate decision-making to increase customer engagement.
It also lets them optimise these efforts to increase customer acquisition, retention and affinity.
Companies then aim to increase customer closeness and complement product offerings with services.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com