CMO EXCLUSIVES | February 18, 2013 by John Parker Adjunct Professor Northwestern’s Kellogg School of Management A friend of mine took a new position as a financial-services CMO a few years back, and quickly was able to add value by shifting resources to more productive uses. In an early update with his CEO,...
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Category Archives: Customer Service and Your Brand
Did Poor Customer Experience Ultimately Cost JC Penney’s CEO His Job?
CMO EXCLUSIVES | April 09, 2013 by Michael Hinshaw , Managing Director MCorp Consulting Last week, SEC filings revealed that Ron Johnson, now former chief executive officer of JC Penney, saw his 2012 compensation fall 97 percent—from $53.3 million in 2011 to $1.89 million last year. This set off another mediafrenzy focused on the struggling retailer’s...
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Must You Have ‘Executive Support’ To Begin Customer Experience Improvements?
CMO EXCLUSIVES | February 26, 2013 by Michael Hinshaw Managing Director MCorp Consulting I was reading a LinkedIn discussion started by a medical products company officer looking for advice on starting customer experience improvement. She kicked things off with the following request: “Ready to implement a customer experience movement. I would appreciate any advice/direction...
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Customer Service is part of your Brands Core Values…It matters
Yes, Customer Experience Matters In B2B (A Lot) CMO EXCLUSIVES | February 19, 2013, by Michael Hinshaw , Managing Director , MCorp Consulting Last week, I came across Bridget Fletcher’s CMO.com article “B2B Is the New B2C.” Fletcher noted the parallels she saw in B2C and B2B when it comes to changing customer expectations–and suggested that...
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What is your customers lifetime value to your brand???
CMO EXCLUSIVES | February 18, 2013 A friend of mine took a new position as a financial-services CMO a few years back, and quickly was able to add value by shifting resources to more productive uses. ARTICLE HIGHLIGHTS: Many areas within financial services are not marketing-oriented, for several reasons. CLTV is a...
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The interpersonal skills of employees ultimately make or break the customer experience.
Customer Defection Market leaders have recalibrated customer expectations about the character of one-to-one interactions with employees. How likely are customers to punish a company for failing to meet those expectations? • Fifty percent of all U.S. respondents were “somewhat” to “very” likely to defect to a competitor after a single bad experience with a brand....
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