Business Intelligence - Management Reports
Portfolios
Performance Measurement
Human Resources
Finance
Technology Management
CRM and Marketing
Specialist Management
Masterclass Workshops

Measuring and Valuing Customer Relationships
How to develop the measures that drive profitable CRM strategies

Contents

Chapter 1: Introduction
Executive Summary
Marketing Becomes Measurable
- Defining Relationship Marketing and Management
- Bringing Meaning to the Relationship
- A Practical Definition of Customer Relationship Management
- Degrees of Relationship
The Drivers of Customer Performance Model
- Pressure on Marketing
- Changing the Marketing Function
- The New Measurement Framework
Adviser Interview: Adrian Payne
- The Consumer-driven Marketing Myth
- The Myth of the Caring Consumer
Brand Trust and Service
Adviser Interview: Martin Christopher
The New Marketing Measurements
Key Learning Points: Five Tests of Credibility

Chapter 2: Strategic Measures
Executive Summary
The Context for Measurement Frameworks
- Putting the Customer on the Agenda
- Measurement and the Marketing Mix
- The Growth of Modelling
- The Need for Balance
- The Balanced Scorecard
- Linking Behaviour to Outcomes
The Drivers of Customer Performance Model
- Input Measures
- Distinguishing between Motivation and Behaviour
Adviser Interview: Rudy Oetting and Geri Gantman
- Buying-sequence Models
- Gaps in Cause-and-effect Models
- Even Satisfied Customer Defect
- Market Share and Repeat Buying
- Customer Measurements
Case Report: Berry Consulting
Adviser Interview: Christine Restall
Measurement of Financial Outputs
Case Study: Boehringer-Ingelheim
Key Learning Points

Chapter 3: Measuring and Managing Customer Behaviour
Executive Summary
The Importance of Customer Behaviour
- The Loyalty Bandwagon
- Computers and Customer Behaviour
- Measuring Penetration and Price
- Including Competitors in Behavioural Research
- Sources of Competitor Data
- Loyalty vs Acquisition
Case Study: Disneyland Paris
Key Measures of Customer Behaviour
- Models of Repeat Purchase
- Key Measures of Competitive Purchases
- Equivalence of Multi-brand Measures
- Modelling Multi-brand Patterns
- Multi-brand Measures for Slow-moving Goods
- Measuring Attrition and Allegiance
- Is the Bucket Really Leaky?
Adviser Interview: Bob Kestnbaum
- Key Measures of Consumer Price Promotion Response
Case Report: Tesco Clubcard
- Key Measures for Changing Markets
- Key Measures for Trade Customer Behaviour
- Key Measures for Pre-purchase
Key Learning Points

Chapter 4: Measuring Customer Satisfaction That Drives Sales
Executive Summary
Customer Satisfaction as a Key Performance Indicator
- The Origins of Satisfaction Measurement
- Developing a Satisfaction Research Methodology
- Formal Research gets Dumped
- Who Should Carry Out and Manage Satisfaction Research?
Digging Deeper for the Payoff
Case Study: Hewlett-Packard
Abandoning Flawed Satisfaction Measures
- The Problem with Satisfaction Research
- Making Attributers Compatible
Case Study: Research International's SMART
Low-involvement Purchases and Products
- A Different Buying-sequence Model
- Planning to Buy the Brand
Expectations, Indifference and Tolerance
- Exceeding a Consumer's Tolerance
- Researching the Boundaries of Tolerance
Adviser Interview: Robert East
Expectation or Experience?
- Dominant Expectations
- Dominant Experiences
Key Learning Points

Chapter 5: Segmenting by Involvement and Emotional Response
Executive Summary
New Models of Research
- Segmenting by Involvement
Case Report: The Conversion Model
- Segmenting Satisfaction by Involvement
Case Study: Financial Services Provider
- Segmenting by Emotional Response
Defining Critical Performance Attributes
- Determining the Feature List
- A Standard Services Feature List - SERVQUAL
- Consumer-defined Attributes
- Standards of Comparison
- Linking Satisfaction to Behaviour
- Research Design - Some Cautionary Words
- Integrating Satisfaction with In-house Data
Options for Managing Satisfaction
Case Study: Barclaycard
- Improving the Experience
- Managing the Expectations
Key Learning Points

Chapter 6: Building and Measuring the Brand Relationship
Executive Summary
Linking Brand and Satisfaction Perspectives
- Measuring Brand Equity
- Defining a Brand
- Valuing a Brand
- The Customer's Experiences and Expectations
- Brand Valuation and Financial Outputs
Brands and Customer Profitability
- Supporting Price Premium
- Supporting Repeat Purchase
- Encouraging Trial Purchase
- Sustaining Distribution
- Supporting New Products and Extensions
Key Brand Concepts
- Brand as Identity
- Brand as Differentiator
- Brand Awareness
- Searching for a Brand's Soul
Measuring Brand Strength
- Young and Rubicam's Framework
- Aaker's Framework
- Interbrand's Framework
- Measuring the Brand's Effect on Relationships
- Taylor Nelson AGB's Brand Vision Approach
Case Study: BT Personal Communications Division
Branding and Segmentation
- Segmentation by Category
- Brand Segmentation by Customer Value
- Geographic Brand Segmentation
- Lifestyle Brand Segmentation
- Brand Personality Segmentation
- Organizational Associations Segmentation
- Perceived Value and Perceived Quality Segmentation
- Brand Leadership and Esteem Segmentation
Multiple Brand Identities and Segmentation
Adviser Interview: Garth Hallberg
Key Learning Points

Chapter 7: Financial Measures for the New Customer Relationship Manager
Executive Summary
Finance Gets to Grips with Marketing
Advertising and Promotions Budget Control
- Setting A&SP Budgets
- Justifying Sales Promotion
- Justifying Advertising Budgets
- Benefits in the Short and Long Term
- Controlling Advertising Commitment
Product-range Profit Management
- Direct Product Profitability (DPP)
- Activity-based Costing (ABC)
Case Report: Sharwoods
- ABC in ECR
Accounting for Pricing Decisions
- Value Engineering and Target Costing
Accounting for Customer Profitability
- The Bain Loyalty Model
Adviser Interview: Jagdish Sheth
Valuing the Brand
- Economic Value-added Approach
- Risk and Reward Investment Models
- Strategic Portfolio Model
Key Learning Points

Chapter 8: Implementing Customer Relationship Management
Executive Summary
The Need for New Measures
- Obliterating the Company Structure
- Resistance to Change
- The Pillars of Marketing Authority
Adviser Interview: Frank Abramson
- Measuring Satisfaction, Benchmarking and Quality
Choosing the Best Measurement Tools
Approaching a Review
Case Study: Bass
Building the Framework
Organizational Effectiveness Models
Customer Behaviour Models
Adviser Interview: Gopal Iyer
Implementing Customer Satisfaction Measures
- Competitor Benchmarking and Best Practice
- Step-by-step Benchmarking
- Chartered Institute of Marketing Benchmark
- The PIMS Benchmark Method
From Measurement to Knowledge Management
- What KMAT Tells You
- Problems in Making the Change
Key Learning Points

Appendix: Business Intelligence Survey Findings
Use of Measurement Tools
Selection and Satisfaction With Tools
Usage of Customer Behaviour Tools
Usage of Customer Satisfaction Tools

References


 

Portfolios


Electronic and paper £995