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10 Lessons That All New Business Owners Must Heed In The Modern Era

Strategy Driven

Their data protection services can be supported by staff training to prevent malware and ransomware. Your Approach To Operations Is Key. Both B2B and B2C customers are now invested in brands like never before, they want to work with companies that they can relate to.

Brand 113
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The Rise of the Chief Customer Officer

Harvard Business Review

The role exists in B2B and B2C firms as diverse as Allstate, Dunkin' Brands, USAA, Philips Electronics, FedEx, the Cleveland Clinic, and SAP. About one quarter of these CCOs formerly held operations positions. Not all CCOs have operationally structured configurations like Boeing's Training & Flight Services division.

B2C 15
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Replacing the Sales Funnel with the Sales Flywheel

Harvard Business Review

” The intention was right, but there was no operational impact. All of these examples are B2C. If your business is B2C, the train is about to leave the station. If you’re B2B, the train is parked in the station, but it’s leaving soon. I made a couple mistakes along the way.

B2C 13
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Focus on Your Customer's Customer

Harvard Business Review

Much of the conversation about customer-centricity focuses on business-to-consumer (B2C) firms. And while these companies were the first to acknowledge the business benefits of delivering a great customer experience, business-to-business (B2B) organizations are increasingly getting in on the game.

B2B 15
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Ban These 5 Words From Your Corporate Values Statement

Harvard Business Review

Practically every organization today has a set of core values that ideally function as the “operating instructions” of the company. Several words always come up in practically every discussion, no matter if the company is a large enterprise or a small business, B2B or a B2C, product or service, new or established.

B2C 14
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Use Big Data to Find New Micromarkets

Harvard Business Review

While B2C companies have become adept at mining the petabytes of transactional and other purchasing data that consumers generate as they interact online, B2B sales organizations have only recently begun to use big data to inform overall strategy and tailor sales pitches for specific customers in real time. Yet the payoff is huge.

B2B 14
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Take Your Show on the Road

Harvard Business Review

A food company, for example, outfits vehicles with entire kitchens to demonstrate the most effective and creative ways to use its specialty food ingredients in food service operations. The vans are also used to provide education and training. The expectation is not that the visit will end with the ka-ching of a cash register.

B2B 8