... 2 What are some things Abhey can do to complete his duties on his own more easily? When Abhey needs to complete his duties he can do several things to make sure he understands his customer’s needs and that they understand what he is advising them. When he is communicating with customers he needs to be assertive in his style. He also needs to be alert to the passive and aggressive styles of business communication. When he is going to clarify issues with his customers he needs to consider the information he wants to get from his customers. There are six types of questions he needs to use and those are open, probing, closed, alternative choice, leading or direct questions. In his written communication Abhey needs to who he is addressing, what he wants the message to accomplish, and how to incorporate the correct tone for the message. Do you feel that the supervisor should be informed that Abhey has not yet developed his business writing skills and that others are helping him? Explain. In thinking about the situation of Abhey having not fully developed his business writing skills it is fine for others to help him by going over his work that he has written so as to not say something to his customers that may cause them to get upset with the company and not...
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...Grameen Phone to acquire some practical experience in telecommunication industry. It would not be out of place to mention here that during the course of the program I had to perform several duties. (1.2) Origin of the Report : As I am doing intern in GrameenPhone Customer Service Devision so I think to work on eCRM is a good field for me to acquire knowledge, how can eCRM help to give best service. As per my course instructor instruction I have submitted my report which is about “eCRM, and eCRM practices in Grameenphone and its impact”. I choose this topic because at present time, we know the most growing industry in our country is mobile telecom industry. And the companies in this industry fight each other really hard to attract more customers. And here customer relation management plays a vital role. Because its help the companies to retain their present customer long time. Which make them more profitable. Cause we know retain the present customer is less costly then attract new customer. And maintain the customer relationship they used many types of web based tool. Those web based tools called eCRM. (1.3) Objective : General Objective: How the company provides the service in an efficient way to the customer...
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...case report Executive summary In these report we will assess and evaluate the issues and causes face by acquire solutions. We will assess the company measures through treating employees equally, knowing their prospects, salary, company ownership, various individuals and cultures, cultural values, knowing the problems and providing goods and services these criteria will help us to come up with an effective decision. Then in the report the alternatives would be discussed for the issues and causes faced by the firm, as various alternatives and conduct that helps to assess the issues and causes, as comparing of these alternatives against the decision criteria would help us in undoubtedly in classifying and choosing the good and lower desirable alternatives which includes employing well diversified people, retraining of the current staff, providing bonuses, improving customer relationship and creating a plan for board of directors. In the next stage we would get the solutions to the issues and causes from the suggested alternatives with the justification for the issue and causes, which consists of:- • Retaining employees • Having employee owned private organisation Then will look at how these solutions would be implementing the organisation. The report we have assessed the causes and issues that’s affecting the firm but the limitation is that we actually don’t know when the next financial crisis are going to occur because we can really forecast sales, revenues and costs. Issues ...
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...Value Before we can talk about how important is ‘value’, we have to know what is value, in my opinion Value is the worth of the product (goods and services), based on its benefits. Value is relative to one person and another; it depends on someone’s need or the importance of the product at a particular time when they use the benefits. Sometimes how high is a value can be seen from people’s willingness to pay more from its actual price, only just to get it, it’s all because the importance of the product for them. From that brief description about ‘value’, i can explain why value is so important in business today, because by only because of a value, customers are willing to pay more for the value, even more than its actual price. Nowadays, customer’s needs are growing, they not looking only for the benefits of a product, but also they want to pay more for the value that they can get in addition. So for having a good business, we must create unique or precious value, beyond our products benefit, and our effort is to deliver that value, we sell the value of our product, what makes it different and what makes customer willing to pay certain price just to get our product’s value, that’s why value is so important. To Create value, we have to know, what are our targeted customer’s Needs, Wants, and Demands. From that we can gathering data and conclude what are they looking for, so we can create a value that touch their heart, mind and soul, meets their needs, wants, and demand, and...
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...Emotions and Logic in Consumerism Abstract Consumer purchase decisions are often linked to emotions and can lead to impulse and uninformed buying behavior. This creates a problem for marketers who rely on emotional appeals to increase sales. In order for businesses to grow in today’s economy, they must acquire new customers and at the same time retain the old ones. Research indicates that in order for advertising to be most effective in acquiring and retaining new customers, these emotions must also be linked to logic. This paper examines how marketers are using emotions and logic to generate the most sales and retain more customers. Emotions and Logic in Consumerism Advertising can be seen in virtually every aspect of our lives, and is almost inescapable. We encounter it on billboards, radio, every internet site, magazines, cell phone applications, clothing, television, restrooms, gas pumps, and many more sites. This year in the United States, Black Friday sales hit over $1 billion in online sales. The average cost for a 30 second time slot for a Super Bowl commercial was $3.5 million, according to USA Today. Psychologists, marketers and business people worldwide are interested in why consumers consume. What is the driving force behind why someone will spend so much more money on Black Friday as opposed to other days out of the year? And how can a business better exploit these consumers in order to make more money? With so much money involved in our consumption...
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...- Within the hospital- hands on What kind of assessments are used? We use different assessments. We verbally ask the students questions as well as we watch them work. Questionairres are sent out to the different departments that they are working in to assess their abilities and their work ethic. They are also giving tests about what they did for the week and what they thought could be better or was good about what they did. They are also asked to asses their teaching and themselves. What information do you want your learner to retain? We are hoping that they retain all that they learn. They will be nurses that will work with patients in sometimes life emergiencies. We want them to know what to do and how to do it. If the patient can be saved, we want them to have the ability to do it. How are assessments changes implemented? Once all the data is compiled and read through we take in account what everyone has said and critiqued. We can make changes immediately once all are in agreement. There are 5 of us that make that decision based on the facts of the tests, the journals and the questionairres. Are assessments result reported to the institution? The assessments are reported to the school as well as to the hospital. We will not pass or hire someone that is deemed not ready. Just passing all the cirrcculum does not make you a good nurse. What you do once you are in the job and how you react is a big portion of whether you pass or not. Knowing the material...
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...Onder, Astha Bhatia, Arjundev Singh Wadalia Institute of Management TEchnology Dubai Customer Retention Customer Relationship Management Customer Retention Customer Relationship Management Table of Contents I. Introduction 2 II. New Trends in Customer Retention Strategies 2 III. Technology: Resolving customer retention issues 6 IV. Segmented service and support strategies 6 V. Traditional CRM service and support products 6 VI. Conclusion 6 VII. Bibliography 6 VIII. Appendices 6 I. Introduction Customer retention can be defined by all the activities and actions companies take to reduce the number of customer defections. In other words, it refers to the percentage of customer relationships a business is able to maintain on a long-term basis once they are established. The concept of customer retention is quick simple as satisfied customers represent a major contributing factors in the net growth rate of any businesses, as they will keep coming back if they feel important and that companies regularly communicate with them in the right way. Customer retention begins with the first contact a customer has with a specific company and continues throughout the entire relationship lifetime. The main role of customer retention programs is to support companies in retaining their customers often through customer and brand loyalty initiatives. Customer retention can offer lots of benefits to a company such as: * Net growth rate * Benefits for...
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...A CUSTOMER DEFECTION ANALYSIS FOR: LIBERTY TAX SERVICE Prepared By Alexandra Burge Teale Hocker Anna Schoonover Andy Ward Presented to Dr. James Walker for Strategic Marketing February 27, 2013 TABLE OF CONTENTS TABLE OF CONTENTS i EXECUTIVE SUMMARY ii INTRODUCTION 1 Background Information 1 Literature Review 2 METHOD 3 RESULTS 4 RECCOMENDATIONS 5 CONCLUSION 7 ACKNOWLEDGEMENTS 8 WORKS CITED 9 APPENDIX A 10 APPENDIX B 11 EXECUTIVE SUMMARY A customer defection analysis was carried out for Liberty Tax Service, referred to as Liberty Tax, to determine why customers had defected and provide recommendations on how to retain current and future customers. The analysis was based upon a survey performed on 20 of the 280 customers who had Liberty Tax perform their tax services in 2012 but did not return in 2013. The results of the analysis were divided into controllable, and uncontrollable reasons that customers defect. Controllable reasons found included poor customer service (10%), speed of service (30%) and opting for an online or do-it-yourself tax service (35%). An uncontrollable reason was that customers were moving from the area (25%). The analysis showed that if Liberty Tax retained all the customers who defected in the last year for controllable reasons they would increase revenues by $50,400.00. Finally, four recommendations to help improve retention and capture the lost revenues are given. It is recommended that employees receive more...
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...CONFIDENTIAL & PROPRIETARY Brand Objective Brand Position identity and value proposition to be actively communicated. It includes a point of differentiation—which is either unique or can be owned in the marketplace—that provides competitive advantage. Brand System organization and application of a brand position across product lines, service and business units to achieve clarity in product offerings, facilitate awareness and help allocate resources. Define who YOU are System Brand Position Communicate who YOU are Strategies Marketing Plan Tactics © 2011 KBM Group CONFIDENTIAL & PROPRIETARY Brand Continuum – Rational to Emotional 1 Awareness 2 Familiarity 3 Consideration 4 Preference 5 Loyalty Have I heard of you? Do I know what you are? (Long list) Do you meet my needs? (Short list) Do you meet my needs better than anyone else? (Win) Do you deliver on your promises? (Retain) Loyalty [Emotional] Preference [Emotional Rational] Perception [Rational Emotional] Awareness [Rational] Brand Attributes What makes a strong brand? Believable Believable Your brand should be based on reality and truth. Can’t promise and not deliver. Brand Defendable Relevant Defendable Your brand should be one that only you can own. Something your competitors can’t easily create. Relevant Your brand should represent something...
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...TASK: PROPOSAL WRITING ►TASK TO BE OBSERVED Too many customers purchase from your company once only, and the Sales Manager has asked staff to think of ways to retain more of them. Write YOUR PROPOSAL for the Sales Manager, ■ suggesting a reason for the lack of repeat orders ■ putting forward one or two ways to retain customers ■ outlining how your ideas could be implemented ■ mentioning one or two possible disadvantages of your ideas Write 250 words. ►TASK ACHIEVEMENT TO: Customer Services Manager FROM: Gerry Lewis Date: January 4, 2010 Subject: Customer Loyalty BACKGROUND INFORMATION This proposal is being submitted in order to identify problems that have led to a decrease in the number of repeat orders on the part of our customers and also to suggest possible strategies for enhancing customer retention which is crucial for the wellbeing of the company. It also puts forward practical ideas as to how to implement the suggestions made and one possible drawback deriving from them. REASON FOR LACK OF REPEAT ORDERS The proportion of customers placing repeat orders has halved in the last two years, to 12 per cent. One possible cause is the reduction in our sales personnel through natural wastage. PROPOSALS TO RETAIN CUSTOMERS I suggest two ways of improving the customer retention rate. One suggestion is connected to recruiting three sales people to return to the full complement that we had until two years ago. This would relieve the pressure...
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...Report draft1 Introduction This report has been compiled to propose the introduction of a database. The report considers the benefits to the company in terms of improving customer service and cutting the cost of errors. The report also considers benefits to customers as well as incorporating a more personalised approach to marketing our services and products to specific customers. Executive Summary Max Motors LTD is an automotive motor vehicle garage that repairs car and does MOT tests. As a business in the secondary sector we provide a list of services. Ever since the company opened we have gained a loyal customer base through word of mouth and a respectable reputation achieved through the quality our services. This report analyses the strengths and weaknesses and how we can improve the running of the company through up to date organizational methods using database software. The database will accurately regulate and enhance all aspects of the business, which we will look at in detail in the report. Areas such as sales and marketing, administration, customer service, finance and vehicle records would benefit from such an organizational tool because time will be saved, errors will be reduced and customer will be retained. Max Motors LTD have a loyal customer base so therefore as a business we are profitable and self-sustaining. However over the past eight years the company has not progressed in terms of size and annual net profit. In fact there has been a steady decline...
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...about the company internal strengths and weaknesses, and the external opportunities and threats as well as the strategies. In addition, the main parts include the gap model where it shows the gaps in the services that the company provides to their customers and the strategies that may aid them to minimize or close those gaps. Furthermore, Apostle Model is one of the main parts in this report where it shows the types of customers according to their loyalty to the company. As well as, the service profit chain where it shows the relationship between profitability, customer loyalty, and employees’ satisfaction. In addition, recommendation is provided in this report which may aid the company to retain its customers and make them loyal to their brand. 1.0 Introduction: MacDonald’s is considered to be the world’s leading food service retailer, it was found by the two brothers Richard and Maurice MacDonald. They started their business with $5,000 loan from the Bank of America, at the first stage of their business the menu was consisting of 25 items, with slow-smoked barbecue as the featured item. The business became successful due to their location where it was near a high school; also they employed around 20 waiters to serve their customers. In addition, the two brothers...
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...Services have special characteristic and service quality can vary. Therefore, satisfaction is harder to achieve and service recovery and customer’s retention is key service management tasks. ervices have special characteristic and service quality can vary. Therefore, satisfaction is harder to achieve and service recovery and customer’s retention is key service management tasks. ------------------------------------------------------------------------------------------------------------------------------------- Abstract: Customer expectations play a crucial role in shaping satisfaction evaluation. The expectations are formed through past experiences, brand image, word of mouth, advertising or promotions. Customer expectations need to be thoroughly explored by the management for several reasons, it gives them accurate picture of the customer wants, and how the expectations are formed, how the company can influence or manage the expectation. The expectations can also change with cultural roots of the customer. In today’s global market it is beneficial to develop and market the company to diverse market segment. Introduction: In today’s fast paced world the biggest challenge faced by service industry is to retain its customer loyalty. It is easy to see why customer loyalty is of utmost importance, simply put it guarantees future revenue and shareholder value. Customer loyalty is strongly linked to customer satisfaction and service quality. In order to be competitive in...
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...appropriate products and services". (Kotler, 2015) Marketing as a concept has evolved and broadened over the years. It encompasses all activities from before the product is made till it reaches the end customer. This process not only involves satisfying customer’s needs and wants; it also aims to retain customers for the long term. An important facet of Marketing is Relationship Marketing which focuses on developing and retaining long term relationships with prospects, stakeholders, peers and above all customers. “Relationship marketing is a strategy designed to foster customer loyalty, interaction and long-term engagement. It is designed to develop strong connections with customers by providing them with information directly suited to their needs and interests and by promoting open communication." (Olenski, 2013) Many theorists have attempted to define Relationship Marketing which has been a topic of discussion for many. The idea of RM essentially developed inside of the fields of service and industrial marketing. Leonard Berry (1983) was one of the first theorists who defined RM as a strategy that attracts, develops and retains customer relationships. On the other hand, Christopher stated that “Relationship Marketing concerns the dual focus of getting and keeping customers (Christopher et al, 1991 in Daskou, 1997). Whereas, Sheth (1994) proposed that “Relationship marketing is the understanding, explanation, and management of the ongoing collaborative business relationships...
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...behind and in efficient it is keeping the productivity of the whole company below what it should be. Solution to the Problem Information Technology influences business undertakings in various ways, thus ensuring efficiency in the IT Department is imperative to achieving success in any industry. Information Technology is dynamic thus the need to ensure Tibor Meats keep up with emerging trends in the IT industry. How Tibor Meats applies information technology to facilitate supply chain functions is important to its success in the market. The core functions of a supply chain are; * Reaction to client needs * Revolution of goods in location and form to deliver them proficiently to customers. Chains are different compared to the traditional marketing channel in the extent to which firms collaborate with each other. Information technology aids the execution of supply chains by facilitating partners to keep track of customer demand at the transaction stage of detail. Information technology also applied in supply chains to screen costs of the chain partners so that roles can be done cost-effectively and revenues properly shared. Information technology is rapidly and tremendously dynamic (Gilliam, 1984). The rapidity of innovation will keep on to...
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