connect with us
Latest Editor's Digest Issue  |  News Round Up  |  Vendor Listing  |  This Week's Newsletter
1
6
1
0
0
1
article in: Loyalty Execution
An Emphasis on Sustaining Customer Loyalty
Why a shift in company DNA is needed for many organizations to achieve long term increases in customer loyalty

In day to day frenzy of loyalty marketing, the sustainability of loyalty efforts often goes ignored.   So whose job is it to drive that? We think its the C-Suite.  When the C-suite is really committed to driving customer loyalty, they put a lot of emphasis on the DNA shift that's required to sustain it. And that’s the level at which those types of shifts have to be initiated and driven throughout the organization.

Getting Customer Centricity Into Your DNA

The shift in DNA needs to be towards a more customer centric approach.  A nice theoretical statement but how does that work within the realities of day-to-day business pressures? One of the key steps to achieving that is to create a greater understanding across the organization of how retaining existing customers impacts your business model from top to bottom.   Team members don't change their thinking based on principles, they do it because it aligns to the parts of the business (model) that they are focused on.

Visualizing Your Business Model

When companies do something which we call Business Model Visualization, they get a clearer picture of the connection of loyalty among key customer groups to all the key line items in the company's financials.  In the end, although the human and subjective factors are dominant, a company runs based a business model and its growth and profitability are determined by the ongoing changes in different line items.  Gaining this type of alignment is a key responsibility of the C-Suite and a key factor for building sustainable customer loyalty efforts.  

Business model visualization is a process we've completed successfully multiple times and it's been transformational for driving customer loyalty -- by getting everyone from the sales team to the CFO aligned around the impact that customer loyalty can have on the overall business model.

 
1
6
1
0
0
1



  • Editors' NEWS/Opinion
    in Loyalty Strategy
    in Loyalty Industry Watch
    American Express Extends Top Rated Streak to 6 Years | Tops JD Power Credit Card Customer Service Ranking Again
    in CX Impact
    Research Team Takes On Marketers Key Challenge | KU team uses innovative approach to tackling question of ROI of CSat programs
    in Loyalty Infrastructure
    Walgreen's CIO Delivers Infrastructure for New Loyalty Initiative | Effort reads like a playbook for any company looking to institutionalize customer centricity and loyalty marketing into its business model.
    • One exceptional store manager demonstrates how #employeeengagement drives #brand power http://bit.ly/10hklQm

      20 May 14:30:00
    • 3 reasons to use #gamification within your teams to drive #CX http://bit.ly/XIbAzO

      20 May 14:00:00
    • 5 keys for a successful Voice of Customer effort http://bit.ly/Z3XlkY #VoC

      20 May 13:30:00
    • 3 reasons to use your newest product / services as rewards in your loyalty programs http://bit.ly/16ubVsi

      20 May 13:00:00
    • Looking beyond NPS for strong #customerinsights to drive business decisions http://bit.ly/14JnvCq #VOC

      20 May 12:30:00
    • What a job posting can tell you about a company's commitment to #socialmedia http://bit.ly/WvlteC

      17 May 18:00:00
    • Is your company its own worst competition? Inconsistent CX from different team members can create new pressure points http://bit.ly/WTEnNI

      17 May 17:45:00
    • What's missing from follow-the-leader #customer facing programs? Internalization http://bit.ly/XIbxnz

      17 May 17:30:00
    • Why the C-level leadership is key to sustaining #customerloyalty http://bit.ly/14V62n2

      16 May 15:30:00
    • Poorly delivered rewards become a drag on #loyaltyprogram impact http://bit.ly/11QZ7gY

      16 May 15:15:00
  •  LOYALTY IP NEWSLETTER
    BE INFORMED. STAY CURRENT.
    Get the latest picks by our Editorial Team - from the News, Articles, Examples, Vendors and Events.
    Your weekly eye on the Loyalty Industry -- filled with usable takeaways brought to you by our Editorial Team.
    We sift through 1000's of items to bring you the most relevant and eye opening ones.