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Analyzing and improving organizational effectiveness, McKinsey developed a new framework, the 7S model, to better represent the challenges of service marketing. This model helps in analyzing how well your organization is positioned to achieve its intend.... More..>> |
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Types of Prompts in a Campaign
Once you determine the way in which you can reach your market, the next thing to look at is how you are going to lure your customer to try your brand. That method is called the "positioning prompt" of the brand................. More..>> |
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Brand valuation: The seven components of brand strength
The Interbrand model of brand strength - part of their valuation methodology - is a useful framework to consider the performance of your own brand.Reflect on these seven points and ........... More..>> |
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Maximizing Customer Relationship Management – |
What do you expect from your customers? Whether they should be committed/loyal or only delighted? Delighted customers are more prone to be delighted by competitor offer; however, committed customers are highly infectious, creating strong recommendation to spread user base. Therefore, for maximizing CRM, one should strike a balance between internal & external customer equally. |
| Identify Right Internal Customers |
Are people giving their best? Imagine if each team player is replica of you in their respective position/role? Does everyone know what Company’s Vision is? Are they passion about it? THEN WHAT IS THE SOULTION?
Right People in Right Place-
- JD & desired competency(fixed + upgradeable) for each job profile
- Matching individual competency with desired
- Time frame for grooming (training need) for current level & next level
- Aligning individual growth(qnt+qlt) with organizational growth-performance base---WORK ON FOURTH DIMENSION
- Personal Bonding - to nurture integrity, character & balancing
Crucial Point- High level energy, highly focus & self starter role
- Defining clear cut role - what they are suppose to do, how, why & by when {Objective, Reporting & its significance in making wise decision (eg. forecasting, dso or competition) development, activities}
- Impact - to organization & to himself or herself
- Objective Setting - Does Team knows what is the Market Size in their respective area? What is the growth rate? Which are the growth drivers? Do we have all info about competition? What is our market share overall/segment wise? Do we have realistic & challenging budget? Do we have right incentive in place?
Ensure we must sell objective first to Internal Customers, they must see their growth(qnt+qlt) in that achievement & each of team player is PASSIONATE to EXCEL |
| Identify Right External Customers |
| Do we know who the good, bad & worst customers are? Have we done mapping based on profile of customer e.g. A/B/C (Do we know their system? Do we have fair idea about their growth vis-à-vis our share vs competition?), Are our marketing efforts are in line with customer category? Do we have personal info about our customer & how to eff use it? Do we have 80-20 analysis done vis-à-vis time allocation? |
| Building Bonds |
| Understanding customer perception about us, are they feel we are here to ADD VAULE or only for business, understand their need, understand their aspiration, share growth scope with them, understand them personally, identify gaps in understanding & bridge those. Aim is to build quality relation & maximize our presence. Plan- prepare a customize plan keep two aim in mind with a time frame, evaluate opportunity potential, MIS - analyzing previous customer data to rebuild connection |
| Removing Blocks |
- Remove The Barriers – ensure that you are an easy firm to do business with
- Delight them – exceed their expectations by going that extra mile
- Educate – helping them understand what you do, how you do it, and the benefits to them
- Anticipate – focus on their challenges, and provide solutions
- Innovate – be ahead of the game and introduce them to ‘new ideas’
- Communicate – pro-actively keep them informed by the methods they choose
- Engage – interact, don’t just communicate ‘at’ them
- Sell up/sell on – spot and maximize opportunities to provide
- Leverage – using referrals to build the business
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| Continuous Monitoring |
- Customer satisfaction levels
- Individual Customer sales value
- Customer profitability
- % of Customer’s total spend, spent with us
- New opportunities created with the Customer
- Referrals generated
- Value of repeat business generated
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| Continuous Adaptation or Alignment |
- Time out should be taken to review the overall strategy and to revisit Stage One.
- Are we getting the results we want?
- Are our key targets still key targets?
- Do we have any new ones?
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| Mission & Vision |
Vision is the most primitive conscious change happened to any successful organization before its inception. Mission is the basic BUILDING BLOCK of any organization for which whole organization come into existence. Now the very basic question what derive VISION?
The search to find answer for this question starts from very basic understanding of human behavior & his aspirations. Before moving forward, it is important to know one question “what if aspirations are achieved”? It is not important to achieve quantity gain but more important is to how it has been achieved. The process of moving in a path or searching path is more important of anyone’s ACTUAL growth in life.
Once individual understood his or her aspirations & visualize the path, then two things are left first, the action & second, the outcome. There is strong connection among aspiration, visualization, action & outcome. Once person is convinced with this cycle, he or she builds of courage to believe on this never ending spiral loop. Once courage is built, believing on your vision is the most enigmatic change in the universe & this courage is the power house to generate energy. This generates the infinite energy of passion which propel organization to leap forward. This AURA generate tremendous vacuum to attract RIGHT people to believe on your VISION – because this is the part of cause & effect cycle in this universe, this is part of meaningful purpose to change & this is the ONLY link to bring & deliver diverse change at many ends in UNIVERSAL CHANGE PROCESS |
| Head Count Rationalization |
In current scenario, employees are more concerned for level of responsibilities, degree of autonomy & span of control. In order to break the boredom in work, Leaders are more focused towards key drivers of an organization; however, this does not come without any cost. Surely, downsizing or head count rationalization in broader way is directed towards achieving maximizing out of existing head counts. One has to be very critical, while re-designing roles & responsibilities, to improve cross-functional alignment and reduce duplication. While downsizing employees, one should carefully protect training and development programs. Such development program enhances employees’ morale and increases theirs long-term productivity. Also, such training programs give employees the skills necessary to carry out redesigned jobs that have greater spans of control.
Through Performance-management processes, one can identify employees who can be asset to an organization. Conducting disciplined assessments of performance helps companies to make good personnel decisions. Companies should assess which types of talent drive business value today and which will drive it three years from now, as well as which talent segments are currently available and which will be in the future—keeping in mind, for example, that new MBAs will be equally available in two years. They should also look at which types of talent would take years to replace or develop—for instance, skilled electric utility engineers in an environment where retirements are dramatically reducing supply. Performance management well informed by key strategic questions can minimize the negative cultural impact of downsizing, improve the bottom line, and help identify talented people the company should try to retain. |
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