QUESTION 1 :
IDIC model suggests that an organization should take 4 actions to build a closer relationship with customers. Firstly, identify. Indicate who are your customer and recognize your customer when communicate with. You have to know this customer who on phone with you is customer that went to the store yesterday. You can only have relationship with an individual not groups of people. To develop a thorough understanding, you have to obtain customer information and contacts. It is important to update and validate customer info and contacts because will no longer valid through time. You cannot understand what your customer needs without identification.
Next, differentiate your customer. Allow company to devise and execute customer differentiation
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Having an interaction with customers will show them you care about what they thinks or needs, so they will feel appreciated. The purpose of interaction is to get more information directly from your customers so you can serve your customers in a way that no a competitor can. By reason of, the competitor does not have the information of customers. Customer who are effective provide better perception into customer’s needs. Therefore, listen to the needs of your customers.
Ultimately, customize for customers. Which means tailor your services and mass customization product to assure the expectation of your customers are met. Based on an individual needs and value, an organization are able to make improvement or adapt on some element of it’s behaviour. Thus, to get customers in relationship with you, an organization should alter it’s behaviour to fulfill the needs of customer. In addition,through continuously interaction with customers and observe their habits and selection, they get to know what they want and need.
QUESTION 2
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Interact which means to deal with customer in a manner way and solves problem and customer issues. Public Bank consolidate the effort by all levels of staff to understand customer’s need well and exceeding their expectation. Public Bank have a programme in every branches that allows them to know customers’ needs and expectations. Public Bank knows to serve their customers way better than the competitors through interaction. Interact with customers can make them feel respected.
Lastly, Public Bank customize the products and improve the services through the feedback they have obtained from customers. Public bank have being creative in the development of new product or services to offer customer with easy access to banking service for customers’ convenience. Such as, online banking, E-statement, InterBank and Instant transfer and more. Through develop new product and services, Public Bank have met the expectations of the customers. To get customer retention, Public Bank understand what customer dissatisfied and improve it to met the customer’s
Answer the questions on these pages. Hand in any separate work sheets with these pages. QUESTION NO.
- working with working staff to set up strategies, models and frameworks. - Setting client administration measures & assuring that the current standards satisfy the customers & helps retaining them. • Coordinating with the workers themselves can help effectively in setting appropriate models for the procedures & systems because they are the ones who interact directly with raw materials and producing the products, so they would know better if anything in manufacturing needs improvement or so. • It is important to satisfy the current customers in different possible ways in order to retain them which eventually leads in attracting more customers as well.
Midterm Exam HI 102 Midterm Exam Answer the following questions in a short answer essay (20 points each). Use quotes from the text to help answer the questions. Spelling and punctuation should be correct. 1.
4. Open your book to page 1128. Study the two charts on that page. Read that page. Answer the following questions.
Question 1 answer: Customer relationship management is mainly about building relationships with a company’s targeted profitable customers and maintaining that relationship through delivering customer value, as in how a consumer perceives a certain product and values it enough to buy it rather than buying the competitor’s product, and delivering customer satisfaction where the product meets the exact expectations the consumer had actually expected from the product or more, but not less. Companies can build customer relationships at many levels, depending on the nature of the target market (Kotler and Armstrong, 1988). Companies with many low-margin customers can develop basic relationships by which a company doesn’t get to know it’s consumers
Specify organisational standards of customer service So the customer segment of the Ritz-Carlton is a wealthy clientele who has very high expectations since they use to get upscale products because they are ready to pay more to have more. Therefore, the differentiation of the Ritz-Carlton is made on an efficient and effective customer service. As we know the needs are general but the wants are specific, so the companies have to make the difference so as to become the customer’s wants. For example, customers will need to book an hotel room but some customers will want to book an Ritz-Carlton hotel room.
The teams processing the information for the customers for the service provided were contacted by the customers to assist them in making payments. Knowledge The knowledge about the buying criteria of the consumer and that there was greater opportunity for the differentiation strategy implemented based on the quality and the services offered for customers. Mike was also able to establish the fact that his relationship was not too smooth with the managers of the
In marketing, customer relation is very important, since customers play the main role in achieving ones
Johnny Cupcakes, Inc. also known as Johnny Cupcakes, is an independent clothing and accessories brand founded by Johnny Earle in 2001. Johnny Cupcakes is a mid-size apparel retailer, which selling T-shirts, shorts, sweaters, jewelry, undergarments, pins, hats and accessories. The brand tends to use cupcakes as the outstanding design motif to replace iconic symbol with a cupcake symbol on its clothing. The brand’s logo is skull and crossbones, with a cupcake replacing the skull. Johnny Earle started his idea of cupcakes-theme shirts while ordering a few screen-printed shirts for the hardcore metal band (On Broken Wings)
One of their key strategies in meeting this goal is a focus on customer service in order to create an experience for its consumers. Another one of their strategies is to ignite their emotional attachment with consumers. They also have
Superior quality and innovation are important to achieving superior customer responsiveness. The ability to satisfy the needs of your customers will allow for your company to stay ahead of your rivals. Customers will be more likely to choose a company if they feel like their voice or opinion is being heard. Another part of this building block is the customer response time. Customers want their products quickly, so ability to deliver the product or service at a quicker rate is important.
A customer refers to anyone who purchases and utilizes a company's products and services. Customers can be an immense concern for some companies due to customers changing their minds frequently along with other factors. Companies must understand the needs of its consumers
First of all customer means A person who buys goods or services from a shop or business, loyalty means the state or quality of being loyal, faithfulness to commitments or obligations. So Customer loyalty is the key objective of customer relationship management and describes the loyalty, which is established between a customer and companies, persons, products or brands. “Customer loyalty is an essential aspect in any organization whether it is offering a good or providing a service. “Many organizations are looking for various ways to increase their customer loyalty as it has a positive effect on the profitability of the organization.” (Gremler 1996: 171, Abdullah et al. 2000: 826).The individual market segments should be targeted in terms of developing customer loyalty.