Showing posts with label customer loyalty. Show all posts
Showing posts with label customer loyalty. Show all posts

Service Quality (Marketing Science Institute (MSI) Relevant Knowledge Series) Review

Service Quality (Marketing Science Institute (MSI) Relevant Knowledge Series)
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Service Quality (Marketing Science Institute (MSI) Relevant Knowledge Series) ReviewThis is one of the monographs in the Relevant Knowledge Series published by the Marketing Research Institute. As Leigh M. McAlister explains in the Foreword, "Zeithaml and Parasuraman offer readers a rigorous and practical overview of service quality: how to define it, how to measure it, and how to improve customer service performance. They also discuss growing evidence of the strong links between service quality, customer loyalty, and profitability, and the still-emerging challenges of delivering quality service via the Internet." Quite true.
I especially appreciate the provision of an Executive Summary, followed by the authors' Introduction. This approach enables their reader to read strategically the material which follows, guided and informed -- but not limited -- by the remarks which precede it. Of special interest to me is what Zeithaml and Parasuraman have to say about the ten "Dimensions" of customers' assessments of service quality. They range from "Tangible" (e.g. appearance of physical facilities, equipment, personnel, and communication materials" to "Understanding the Customer" (i.e. making the effort to know customers and their needs). Basic stuff. No head-snapping revelations. However, Zeithaml and Parasuraman skillfully stress and correlate key points between and among the ten "Dimensions."
I was also interested in their analysis of SERVQUAL (introduced in 1988), an instrument designed by the marketing research team of Parasuraman, Leonard Berry,and Zeithaml (PB&Z). Through numerous qualitative studies, they evolved a set of five dimensions which have been consistently ranked by customers to be most important for service quality, regardless of service industry. These dimensions are defined as follows:
Tangibles: appearance of physical facilities, equipment, personnel, and communication materials;
Reliability: ability to perform the promised service dependably and accurately;
Responsiveness: willingness to help customers and provide prompt service;
Assurance: knowledge and courtesy of employees and their ability to convey trust and confidence; and
Empathy: the caring, individualized attention the firm provides its customers
Based on the five SERVQUAL dimensions, the researchers also developed a survey instrument to measure the gap between customers' expectation for excellence and their perception of actual service delivered. The SERVQUAL instrument helps service providers understand both customer expectations and perceptions of specific services, as well as quality improvements over time. It may also help target specific service elements requiring improvement, and training opportunities for staff.
Those who wish to learn more about SERVQUAL are urged to check out Raymond P. Fisk, Stephen W. Brown, and Mary Jo Bitner's "Tracking the Evolution of the Services Marketing Literature," Journal of Retailing 69 (published in 1993), pages 61-103; also Zeithaml, Parasuraman, and Berry's Delivering Quality Service: Balancing Customer Perceptions and Expectations, published by The Free Press in 1990.
When conducting workshops on customer service, I always begin with this observation: "I have both bad news and good news. First the bad news: Customer service has never been worse. Now the good news: Customer service has never been worse." Those organizations which reduce (if not eliminate) the gap between their customers' expectation for excellence and their perception of actual service delivered are the only organizations which will not only survive but prosper.
In this monograph, Zeithaml and Parasuraman explain with both rigor and eloquence HOW to accomplish that with cohesive, comprehensive, and cost-effective initiatives.Service Quality (Marketing Science Institute (MSI) Relevant Knowledge Series) Overview

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The Customer Loyalty Solution Review

The Customer Loyalty Solution
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The Customer Loyalty Solution ReviewI have been an admirer of Arthur Hughes' writing for many years. His books The Complete Database Marketer and the splendid Strategic Database Marketing are among the best in the genre. Especially the latter has helped me a lot in my own projects as a database marketing specialist.
Now Arthur returns with a new book, another fine read. There are some things to be mentioned though.
Ed Sander, Failsafe Database Marketing
First of all, you should first read Strategic Database Marketing before you read this one. Although some of the subject matter of the two books overlaps, the theoretical background is explained much better in Arthur's previous book. For instance, the Lifetime Value case in The Customer Loyalty Solution is far too complex as a first taster.
Second, the title. I really don't think it does the book justice since it covers much more ground than just loyalty programs. With a title like this it might easily get lost between the dozens of other customer loyalty books on Amazon. Personally I would have suggested something like "The Database Marketing Case Book" instead, since the book mainly consists of some 40 short and longer case descriptions which illustrate the power and possible results of database marketing combined with the Internet. As such, it is a great companion book to Strategic Database Marketing, which focusses more on the 'how to'.
Third, although there is - as I mentioned - certain overlap with Strategic Database Marketing, this book does cover a few highly interesting (new) subjects in more detail. To name a few:
- What is the difference between CRM and DBM ? Which is better ?
- Why have catalogers not used DBM ?
- Calculating the value of names and e-mail addresses.
- Selling versus communicating on the web. Which one works ?
- E-mail marketing.
Also, most of the cases and options described are evaluated using the Lifetime Value theorie, which is very clear an useful. All chapters also include a summary, checlists of things that work and don't work and a quiz to test your understanding of the described cases.
All in all another fine and inspiring book by Arthur. Not as essential as Strategic Database Marketing, but a must have for anybody who has already digested that title and wants an extra 'grand desert'.The Customer Loyalty Solution Overview

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Wired and Dangerous: How Your Customers Have Changed and What to Do About It (Bk Business) Review

Wired and Dangerous: How Your Customers Have Changed and What to Do About It (Bk Business)
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Wired and Dangerous: How Your Customers Have Changed and What to Do About It (Bk Business) ReviewWired and Dangerous is a wake-up call for anyone who deals with customers. The thing I love most about this book is that Bell and Patterson outline clear actionable methods and tools to help you succeed in the new paradigm of customer service. The Internet isn't going away, your customers are going to use it to sing your praise or tell the world why they shouldn't do business with you. Wired and Dangerous tells you exactly what to do to turn today's picky customers into passionate advocates.
Who would have thought a customer loyalty book would be a page turner? But it IS!Wired and Dangerous: How Your Customers Have Changed and What to Do About It (Bk Business) Overview

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The AMA Handbook of Public Relations Review

The AMA Handbook of Public Relations
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The AMA Handbook of Public Relations Review
I loved it. Impressive. I won't say it is a "detailed" handbook to use to actually become expert at PR in the 21st century. But it is a wonderful book that covers the following:
>>New media [Web sites, blogs, & mircoblogs]
>>Old media [Newspapers, magazines, etc.]
>>Public speaking
>>Market research
>>Tactics for keeping up digitally
I'm not sure why "market research" was included. But then the book is sponsored by the AMA. I found the text to be well written and outlined. It is comprised of four parts that are broken into 19 chapters and three appendices. I urge you to examine the Search Inside feature Amazon provides for this book so you can see the 19 chapter titles.
Back in May, 2009 I read and reviewed Putting the Public Back in Public Relations: How Social Media Is Reinventing the Aging Business of PR. In that review I commented that there should have been a chapter on Investor Relations. Well, the instant book has one. See Chapter 13 and the related chapter on The Annual Report (14). I like both books. And I think they compliment one another. I highly recommend any public relations professional who wants to be competent in their field and make things happen today read both as companion books. 5 stars!The AMA Handbook of Public Relations Overview

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Strategic Customer Service: Managing the Customer Experience to Increase Positive Word of Mouth, Build Loyalty, and Maximize Profits Review

Strategic Customer Service: Managing the Customer Experience to Increase Positive Word of Mouth, Build Loyalty, and Maximize Profits
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Strategic Customer Service: Managing the Customer Experience to Increase Positive Word of Mouth, Build Loyalty, and Maximize Profits ReviewStrategic Customer Service: Managing the Customer Experience to Increase Positive Word of Mouth, Build Loyalty, and Maximize Profits
John Goodman's book Strategic Customer Service is excellent. In my personal library, I have approximately 150 books on customer service. Goodman's book is easily in the top 1% to 2% of all these books. I give Goodman high marks for three reasons. First, he writes well and is easy to read. Second, he discusses, in depth, a comprehensive range of customer service related subjects. Third, and perhaps most important of all, his book is solidly grounded in empirical findings. I highly recommend Strategic Customer Service to all readers who are searching for a clear, data based, and persuasive explanation as to why customer service is really as important and consequential as its enthusiastic supporters claim it to be.
Strategic Customer Service: Managing the Customer Experience to Increase Positive Word of Mouth, Build Loyalty, and Maximize Profits Overview

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Managing Customers for Profit: Strategies to Increase Profits and Build Loyalty (paperback) Review

Managing Customers for Profit: Strategies to Increase Profits and Build Loyalty (paperback)
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Managing Customers for Profit: Strategies to Increase Profits and Build Loyalty (paperback) ReviewV. Kumar has always been on the leading edge, and this book is a testament to his thought leadership. More importantly, these ideas work in the real world. This book is a gift for all of us who wish to profitably increase customer loyalty.
Tim Keiningham
Global Chief Strategy Officer and Executive Vice President
IPSOS LoyaltyManaging Customers for Profit: Strategies to Increase Profits and Build Loyalty (paperback) Overview

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The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice Review

The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice
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The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice ReviewCornell has written a very comprehensive reference which can be useful to all hospitality management and staff alike. I read it cover to cover and plan to share and dog-ear the pages extensively.The Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice Overview

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Answering the Ultimate Question: How Net Promoter Can Transform Your Business Review

Answering the Ultimate Question: How Net Promoter Can Transform Your Business
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Answering the Ultimate Question: How Net Promoter Can Transform Your Business ReviewAnswering the Ultimate Question is an exceptional handbook outlining how to codify the process of enhancing the customer experience -- which is critical especially in today's economy. The case studies are compelling. The Net Promoter Score concept is simple and pithy. Frequently these types of books are academic and enjoyable, but fall short on practical application...Answering the Ultimate Question is different; it provides a practical roadmap. Suggest for business managers seeking to enhance customer experience.Answering the Ultimate Question: How Net Promoter Can Transform Your Business Overview

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Hotel Management and Operations Review

Hotel Management and Operations
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Hotel Management and Operations ReviewMy review is based on having used Dr. Rutherford's book the past consecutive 7 semesters (incl summer) at Hawaii Pacific University's Travel Industry Management program.
The compilation of articles is ideal for us because chapters are short, but comprehensive and interesting enough to retain student attention. 95% of my students are foreigners, and my average class size is 30 students from at least a dozen countries.
Chapters have numerous references, and all the chapters have challenging case studies except Finance.
This particular construction lends itself to a variety of delivery techniques, as stated in the Preface.
My wish list for the 3rd edition would include: an instructor's manual or workbook, a testbank of questions, e-book version, reducing the content on Marketing (almost double the amount of information in other chapters), and adding a section on Information Technology.
Students, educators, and hospitality professionals will enjoy a favorable ROI on this purchase.Hotel Management and Operations Overview

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Managing Customer Relationships: A Strategic Framework Review

Managing Customer Relationships: A Strategic Framework
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Managing Customer Relationships: A Strategic Framework ReviewHaving just finalised an e-business thesis on Online Personalization, I must say that this book is an impressive source on the strategic level for what is synonymously called CRM, One-to-One marketing, relationship marketing, etc.
What I like about Peppers & Rogers is that they don't pretend to be the only ones to have seen this shift in customer-focused organizations (although they were first-movers in US by coining the term One-to-One in 1993). Peppers & Rogers accept readily that many other people have interesting perspectives to add. Thus, this book includes many contributions from marketing wizards like Philip Kotler, Seth Godin, Bruce Kasanoff, and Patricia Seybold.
The book is the sixth from the authors. If you have read some of the previous publications, you'll already be familiar with their core concepts like the IDIC-model (Identify-Differentiate-Interact-Customize), as well as Learning Relationships and customer Lifetime Value.
I believe that Peppers & Rogers' most important contribution is to change a company's focus from customer acquisition to customer retention. That is: Stop spending all you money getting new customers and start spending more on keeping and growing existing customers. This is where the learning relationships come in. The basic idea of Managing Customer Relationships, the authors concisely describe in plain English:
The Learning Relationships work like this: If you're my customer and I get you to talk to me, and I remember what you tell me, then I get smarter and smarter about you. I know something about you my competitors don't know. So I can do things for you my competitors can't do, because they don't know you as well as I do. Before long, you can get something from me you can't get anywhere else, for any price. At the very least, you'd have to start all over somewhere else, but starting over is more costly than staying with me.
Being a Dane, I'm proud to see the reference made on page 172 that the relationship theory can be traced back to the Scandinavian School of Relationships Management (e.g. Gronroos and Gummeson). Back in the 1980's, both were required reading in Scandinavian business schools. They often researched service firms and B2B-networks and based on this knowledge, they emphasised the contents and types of the business relationships and the required strategies to make these relationships work. It wasn't until the 1990's that CRM-initiatives took off in the United States - and usually they have been very technology-driven. Today, we all accept that you need both the relationship mindset and the technology-enabler. So the two approaches may ultimately achieve the same goals.
Peter Leerskov,
MSc in International Business (Marketing & Management) and Graduate Diploma in E-businessManaging Customer Relationships: A Strategic Framework Overview

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