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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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IBM at 100: How to Outlast Depression, War, and Competition

Harvard Business Review

Throughout the 1920s, and even in the midst of the Great Depression in the early 1930s, he kept the company focused on what was then cutting-edge tabulation — the punch card machine — pouring profits back into research and development. Know your customers intimately. The deadline for the IBM PC's introduction was Fall 1981.

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Start-ups: Before You Launch Your Product, Start With a Service

Harvard Business Review

Initially, the company relied entirely on services to get close to customers, understand and address their problems, and in the process generate revenues. Much of what the company learned about its customers in the services mode has been developed into its product, although a good percentage of revenues still comes from services.

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Understanding Customers Is Everyone's Job

Harvard Business Review

The biggest changes, not surprisingly, are in the marketing function, itself — the source of these new, more detailed customer insights. It means building a profile of each customer, based on transaction and social media data (e.g., Clicking on these pages shows a company that is educating customers, not hawking products.

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The Growing Power of Inside Sales

Harvard Business Review

Third, new easy-to-use online webinar and videoconferencing technologies make it possible for inside salespeople to create customer intimacy without field interaction. Use field sales to sell more complex products and services that require a consultative approach and customization. By geography.

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

Harvard Business Review

It starts by understanding customers’ affinity with the brands. Through our research on network-centric businesses and our experience advising hundreds of companies we have developed a framework for understanding customer affinity. Over its lifetime, the app store has generated more than $25 billion for developers.

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