Why Surprised
!!!!. As an entrepreneur you started d company to offer some solution to the
CUSTOMER. Isn't it true ???
Unfortunately as
the company grows, it develops silos and other than CEO, everyone else is
responsible to their limited area of operations. This is how companies are
managed. But the problem with this way of working is NO one cares about the
customers other than customer care and sales department.
But difference
between core competency and competitive advantage
could
be - Excellent Customer Focus & offering Delightful & Memorable
Xperience.
Core Competency
will keep you in business , competitive advantage will give you an edge by
allowing some extra profit , low marketing efforts, quicker sales cycle & more
repeat/referred customers.
One of my young
followers mailed me that Kingfisher Airlines is offering wow customer
experience & now they are almost on the verge of collapse & other non
wowers are surviving thereby questioning entire wow experience strategy.
I have read
tweets of many of whom I follow. There are two views on govt bailout or
support to private sector Company in trouble but everyone unequivocally agree
that company is offering great customer experience. All of them are brand loyal
, brand referrers, opponents of financial package also cant stop but admire for
what kind of experience company is creating for their customers. These loyalty and wow!! experience perhaps
will be instrumental in helping the company in times of crisis. Financial
Troubles are and can be due to various structural and financing issues, but WOW
!!! factor they could create is the key not only for voice of customers to support
the company but loyal and repeat customers will remain loyal to the
company for revenue to keep coming.
Even in the case
of Satyam Scam, one of the independent directors acknowledged that their
customers' loyalty was the reason they could revive so beautifully even in
times of severe survival crisis.
Wowed Customers = Happy Customers = Loyal Customers = Brand Promoters
Therefore keep
wowing customers, they will go to any extent to support you in times of crisis.
Is Wowing Customers, your competitive advantage????
New Social Media Theme : Like it? Share It , tweet it.
New Social Media Theme : Like it? Share It , tweet it.
Posted on Linkedin by Giovan Massimo M. GROUP
ReplyDeleteProprietario, AGM KONSULTANTY,Moscow, Russian Federation.
Hi Sunil
I can but agree with you.
We have today everything and anything offered in the market.
Goods, services, it seems sometimes there is more offer than demand.
Why two people or two Co.'s offering exactly the same thing may have such different results as success or bankrupt?
The answer is in your discussion theme.
Posted on Linkedin by Girish S. ,Co-founder, V Global Pty Ltd
ReplyDeleteTownsville Area, Australia
So true!