Category: resources

Customers *Must* Be Part of the Co-Creation Process

The Economist Intelligence Unit surveyed 226 executives at global enterprises to find out how smart companies innovate as part of a Oracle sponsored study about cultivating business-led innovation.

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One of the key findings of the study has been that “companies furthest along the innovation path utilize customer data and customer participation in their product and service improvements. Fifty-four percent of respondents in this group actively collect customer feedback and analyze customer data for clues to innovate effectively, but in different ways.”

As Oracle SVP Bob Evans blogs: “Customers *Must* Be Part of the Co-Creation Process. As companies of all sizes and across all industries realize that the co-creation of value and of experiences with customers can be a profound way to boost customer loyalty, they also must recognize that relevant innovation in a customer-free vacuum is impossible. Mid-size and smaller companies ($500 million or less) connect directly with customers in interviews about product design and testing, while companies with revenue above $1 billion or more likely to use social technology and sentiment analysis to uncover customer-focused innovations.”

You can find the details of this study & the report at the Oracle feature page or The Economist Intelligence Unit site.

25 Ways to Show Loyalty to Your Customers

ThanksYou_Flickr-woodleywonderworks(Photo courtesy flickr | woodleywonderworks)

A business that values its focus on its customers, regularly find ways to show their loyalty to their customers. It is a good practice for your & your customer facing teams to regularly find novel & memorable ways of doing this.

Chip Bell & John Patterson have listed 25 ways of doing this in their Wired & Dangerous blog:

  • Invite a customer to an important staff meeting to talk about their needs and goals
  • Arrange for a special learning experience for customers
  • Name a policy, building, or conference room for a key customer
  • Start a fund or scholarship in the name of a key customer
  • Poll your customer for their input on important changes you plan to make

Read the entire list here.

Related Posts:
~ Suddenlink | Customer Experience Lessons
~ Social Media Lessons From FedEx
~ Customer Loyalty
~ What is a customer centric organization?

Tony Hseih on Zappos Culture

Tony Hsieh

Download Audio File [link]

In this presentation at the Web 2.0 Conference, Zappos.com CEO Tony Hsieh talks about his first business selling pizza in college, starting Link Exchange after college, and how he eventually ended up leading Zappos as the CEO.  Tony discusses how his experience at Link Exchange influenced him to focus on corporate culture as a top priority, and why he thinks culture is so important to a company’s future growth and success.

Tony talks about the internal vision of Zappos not just to be an Internet footware merchant, but to be a brand that is known for an excellent customer experience.  He goes on to list a number of specific techniques that the company uses to enhance customer service, and explains why he thinks that the telephone is still one of the best branding devices available.

How do you define culture?  Tony talks about some of the core values of Zappos, and why it’s important to have values that aren’t just a plaque on a wall.  These values permeate every aspect of the company, and Tony details some of the hiring and training practices that Zappos uses to ensure that every employee fits into the corporate culture.

Customer perspective during the downturn

The Think Customers 1to1 Blog is carrying a nice post by Brent Leary – So YOU Want to Improve MY Customer Experience?

During the downturn in economy (and always ..but especially so now), all businesses ought to be thinking about what works for their customers. 
  • How have the macroeconomic factors affected our customers business & life?
  • Should we be offering a different value proposition to customers now?
  • What is it that we can do for our customers that no one else will possibly do? 
  • Everyone’s expenditure has come down …so has our customers’. How can we ensure that whatever little they spend is spent on our products / services?
  • Is there a way we can make our customers feel special ..w/o spending too much?
All valid questions even during normal times. But businesses do have extra time now ..so might as well think about customers!