Remove Development Remove Franchising Remove Loyalty Remove Marketing
article thumbnail

How Franchise Owners Can Use Customer Service to Outdo the Competition and Grow Their Business

Strategy Driven

With the bar set so low for customer service, franchise owners are well positioned to jump ahead of the competition. Their franchisor has already developed proven systems and desirable products. They’ll awaken customers from their lifeless transaction trance and prime them for excitement, loyalty and spending.

article thumbnail

Social Media Is Too Important to Be Left to the Marketing Department

Harvard Business Review

Some companies increase their social media staff to offer live responses during big events like the Super Bowl or the Grammys, but then they return to predominately one-way social media or content marketing. Here is a simple process from my book Social Media Strategy, Marketing, and Advertising in the Consumer Revolution.

Media 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sales Bonuses Are Supposed to Motivate, So Don’t Waste Them on Easy Targets

Harvard Business Review

Franchise sales have nothing to do with salespeople. Customers may buy from a firm because the company has superior products, great branding, effective digital marketing or favorable pricing. Examples include sales from long-term contracts and sales from customers who purchase out of loyalty, habit, or desire to avoid switching costs.

article thumbnail

Star Wars, Disney, and the Fandom Menace

Harvard Business Review

Abrams to direct the next movie in the franchise, the folks at Disney must be feeling some relief. Customer loyalty like this might seem like a nice problem to have—and it is. The irony here is that the Star Wars franchise has been focused on licensing and new-platform development for years. Acquired in 2006 for $7.4

article thumbnail

What Social Entrepreneurs Can Teach Your Company's Future Leaders

Harvard Business Review

This striking gap signals an opportunity for companies: Secure a competitive advantage by building your employees' ability to succeed in the increasingly complicated labyrinths of today's — and tomorrow's — markets. In our experience, social entrepreneurs can be extraordinary role models in this regard.

article thumbnail

What Connects Coca-Cola, Lego, In-N-Out, Intuit, and Nike? Focus.

In the CEO Afterlife

This can mean expanding product lines, entering new markets and geographies, line extending brands, acquiring new businesses, creating projects, and adding layers of management to manage the self-created complexity. They’ve never franchised. Because of that, they are rewarded with brand loyalty. and going public?

Apparel 100
article thumbnail

Expanding the Reach of Primary Care in Developing Countries

Harvard Business Review

While advances in health care in the developed world often emphasize new technologies, in developing lower- and middle-income countries simply expanding the reach of basic primary care services is crucial to improving health. In developing countries, primary care tends to be delivered by a mix of public and private sector providers.