Managing Customer Value
Socratic questioning is a technique used to stimulate critical thinking and purposefully incite opposing viewpoints to spark debate, new ideas, and research. Socratic questioning is a curious style of dialogue that encourages critical thinking and an exchange of ideas. Research has shown that using Socratic induction can lead to more nuanced insights about a topic Read More …
As marketing organizations move upstream to align with their company’s business strategy, they find that new processes and tools are needed to support their efforts. Most companies operate in Acquisition-Mode, where the primary goal is to acquire new customers. In this mode, marketing and sales teams work in silos, with little collaboration. The process is Read More …
The customer value proposition is a key element of a company’s marketing strategy. It is why customers choose to do business with a particular company, and it can be the deciding factor in purchasing. There are different perspectives on what constitutes a customer value proposition, and in this post, we will explore some of these Read More …
Creating valuable customers for the organization means identifying and growing profitable and loyal customers. Businesses need to have valuable customers as they are the ones who contribute to the growth and profitability of the company. There are different types of valuable customers, and businesses need to identify which type of customer is most valuable to Read More …
If you’re a marketer, you know how important it is to have a wide reach. The more people you can reach with your marketing campaigns, the better your chances of achieving your desired results. But what exactly is reach, and how can you ensure you reach as many people as possible? The Importance of Reach: Read More …
Customer value is the perceived worth of a product or service. The concept of customer value is important to businesses because it can be used to measure customer satisfaction and loyalty. Additionally, managers can use customer value to make pricing, product development, and marketing decisions. Despite its importance, customer value can be difficult to understand Read More …