Customer Relationship Management (CRM)
Use CRM strategies and tools to nurture meaningful customer relationships, ensuring loyalty and satisfaction.
Latest Updated:
January 24, 2025
Topics to master this sub-competency
BoD Member Michael Mattson - Next in Queue Podcast
Hosted by Rob Dwyer, Next in Queue features Customer Experience, Contact Center, Customer Support, Customer Success, Training, Leadership, and Technology experts and practitioners from around the globe. From CEOs to the frontlines, there are lessons and insights in every episode.
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Understanding The Trust Equation For Professional Relationships
In the video "Understanding The Trust Equation for Professional Relationships," Charles H. Green, co-founder of Trusted Advisor Associates, introduces the Trust Equation, a framework for assessing and building trust in professional relationships. The equation posits that trust is a function of credibility, reliability, and intimacy, divided by self-orientation.
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The Currency Of Customer Trust In Retail
In the article "The Currency of Customer Trust in Retail," SAP examines the critical role of trust in the retail sector and its impact on consumer behavior and business performance. The piece highlights that retailers are facing a crisis of confidence due to factors such as false advertising, poor online ratings, data privacy breaches, and misleading sustainability claims.
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The Four Factors Of Trust With Deloitte Principle And Author Ashley Reichheld
In the video "The Four Factors of Trust with Deloitte Principal and Author Ashley Reichheld," Ashley Reichheld discusses the essential elements that build trust between organizations and their customers. He emphasizes that trust is foundational to customer loyalty and business success.
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Customer Lifecycle Management (CLM): The Ultimate Guide
In the article "Customer Lifecycle Management," Forbes explores the concept of managing the stages a customer goes through when interacting with a company, from initial awareness to post-purchase engagement. Effective customer lifecycle management (CLM) involves understanding and optimizing each phase to enhance customer satisfaction and loyalty.
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The Delighted Customers Podcast With Mark Slatin #62: Engaging Customers Throughout Their Lifecycle: Key Insights And Actionable Frameworks With Valerie Peck
In episode 62 of the Empowered CX Podcast, titled "Engaging Customers Throughout Their Lifecycle: Key Insights and Actionable Frameworks with Valerie Peck," Valerie Peck, a seasoned customer experience strategist, discusses strategies for effectively engaging customers at each stage of their journey.
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Whence Consumer Loyalty?
This article by Richard L. Oliver, "Whence Consumer Loyalty?" explores the complex relationship between satisfaction and customer loyalty, identifying that satisfaction is a necessary, though insufficient, condition for loyalty. The paper examines various stages of loyalty development, from cognitive to affective, conative, and action loyalty, and considers how personal fortitude and social bonding contribute to stronger, more enduring loyalty. Oliver concludes that loyalty is not universally achievable for all businesses, as some markets may only reach the satisfaction stage, while others can foster deeper, more resilient customer loyalty through product superiority, personal commitment, and community support.
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Types Of Customer Loyalty Explained
The article "Types of Customer Loyalty Explained" from Asymmetric Marketing discusses the various forms of customer loyalty that brands can cultivate to drive retention and long-term engagement. It highlights that customer loyalty extends beyond mere repeat purchases and can be driven by emotional connections, brand engagement, habitual behavior, or even advocacy. The article emphasizes that businesses must understand these different types of loyalty in order to create targeted strategies that build stronger relationships with their customers. By recognizing the unique drivers of loyalty, brands can tailor their efforts to enhance customer experiences and foster deeper, more sustainable connections
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Why Mobile Commerce Is The Future Of Online Engagement
The article "The Service Recovery Paradox Explained: Turning Setbacks into Success" discusses how effectively addressing service failures can enhance customer loyalty. The Service Recovery Paradox (SRP) suggests that when a company resolves a service issue promptly and empathetically, customer satisfaction can surpass the level it would have been had no problem occurred. This phenomenon occurs when the company's response not only rectifies the issue but also leaves a positive, lasting impression, leading to stronger customer loyalty.
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Service Recovery: How To Win Customers Back After A Negative Experience
The article "Service Recovery: How to Win Customers Back After a Negative Experience" from Medallia emphasizes the importance of promptly addressing service failures to enhance customer retention and loyalty
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Customer Engagement: Everything You Need To Know
The article "Customer Engagement: Everything You Need to Know" from Qualtrics explores the concept of customer engagement (CE), emphasizing its role as the emotional connection between a customer and a brand. It highlights that CE encompasses the quality of the relationship, the frequency and nature of customer interactions, and the overall customer experience. The article distinguishes between customer engagement, customer satisfaction, and customer experience (CX), noting that while satisfaction can be an outcome of engagement, they are not synonymous. It also discusses the various dimensions of customer engagement, including longevity, proactiveness, repetition, context, and volume of interactions.
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