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Operational Excellence, Meet Customer Intimacy

Harvard Business Review

While a focus on lowering costs, improving quality, and providing consistent, reliable service will continue to be important, I see a shift in the coming decade to combining operational excellence with customer intimacy: tailored solutions for individual customers based on a deep understanding of their needs.

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The Potential of Geolocation for Revolutionizing Retail

Harvard Business Review

Heat map data can then be used to compare stores and departments (or theoretically, even create rankings of employees) which all could be used to optimize the retail experience for particular customer segments. The digital tools we describe here deliver this elixir.

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What Apple, Lending Club, and AirBnB Know About Collaborating with Customers

Harvard Business Review

These four types of customers represent different levels of brand affinity: 1. Transactors : These customers have no loyalty to your brand. Example: Carol owns a small business and needs a customer relationship management (CRM) platform. Your success is theirs, whether the rewards are monetary or intangible.

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Understanding Customers Is Everyone's Job

Harvard Business Review

Helping customers includes offering information to make their buying process easier, as, for instance, Netflix and Amazon do with their product recommendations. They''re using tailored suggestions to drive customer loyalty. Companies know far more about their customers by analyzing all the data they collect on them.

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Standard Operating Procedures Can Make You More Flexible

Harvard Business Review

Yet at the same time they use these standards as a springboard for creating unique solutions for each customer based on a deep understanding of their needs. (I I call this understanding and tailoring "customer intimacy" ). The result is a powerful combination that fulfills two customer value propositions at the same time.

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How Location Analytics Will Transform Retail

Harvard Business Review

Customer tracking data is typically sent to the location analytics vendor where it is analyzed and accessed via online dashboards that provide actionable data tailored to the needs of specific employees — from the store manager to the executive C-suite. We are in the Age of the Customer. not visiting competitor venues).

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