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5 Leadership Lessons for Every Entrepreneur

Strategy Driven

Secondly, understanding the problems faced by the customers and solving those problems through your product or service will create brand loyalty. However, it is noteworthy that the customers might not always know or explain in focus-group interviews or surveys what they need.

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Why Mission Statements Fail

LDRLB

We know purpose-driven companies have a lower cost of customer acquisition, longer tenure of customer loyalty, and higher net promoter scores. Is it market share of products? Is it a plurality—just the largest market share? We know that everything works better in a purpose-driven organization. That’s all we are working for?

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Why Mission Statements Fail

LDRLB

We know purpose-driven companies have a lower cost of customer acquisition, longer tenure of customer loyalty, and higher net promoter scores. Is it market share of products? Is it a plurality—just the largest market share? We know that everything works better in a purpose-driven organization. That’s all we are working for?

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What Data-Obsessed Marketers Don’t Understand

Harvard Business Review

Big data has become the X factor of modern marketing, the hero of every marketer’s story. You may be thinking that data will magically turn bush-league marketing into a winning “Moneyball” performance. Data, alone, isn’t what makes marketing move the needle for business.

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Engage Employees Using Customer Service Tactics

Harvard Business Review

A recent study by Aon Hewitt , for example, found that companies with high levels of engagement outperformed the stock market in 2010. And these companies build closed-loop learning into their daily operations so that they're constantly improving. These efforts earn these companies deep, long-lasting customer loyalty.

Tactics 14
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Top Ten Pitfalls to Avoid When Going Social in the Business World.

Strategy Driven

Marketing 101 principles still apply. Social media and community collaboration bring many benefits, including brand-building, customer loyalty and retention, cost reductions, improved productivity, and revenue growth. Rolling out a community and just expecting people to join as friends or followers is a flawed philosophy.

Media 50
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Case Study: When You Have to Choose Between Core and New Customers

Harvard Business Review

Erica Jackson, chief marketing officer of the Mendoza Marathon Corporation, had risen early to watch people line up to register for next year’s event and expected an enthusiastic crowd. Alan Kurtz, MMC’s chief operating officer, was standing off to the side, and she moved to join him, but a racer intercepted her.