What
service companies should do is organize themselves
in a way that maximizes Customer Equity--the asset
value of their customer relationships.
Gary
Getz,"Is
Your Org Chart Customer-Equitable?" Internet
World: Intelligent CRM Strategies, December
3, 2002.
All
customer interactions can affect the strength
of the relationship.
Gary
Getz, "It
Is Your Table," Internet World: Intelligent
CRM Strategies, November 4, 2002.
The lesson we get from Customer Equity analysis
is that it shouldn't be everything for some and
nothing for the rest. It should "mind the gap"
and create programs that fill it.
Gary
Getz, "Mind
the Gap," Internet World: Intelligent
CRM Strategies, October 7, 2002.
CRM systems should be geared toward helping deliver
what it is that customers need at each lifecycle
phase.
Gary
Getz, "Use
CRM to Manage Customer Lifecycles," Internet
World: Intelligent CRM Strategies, September
9, 2002.
Design your service offering to meet customers'
needs, economically
Gary
Getz, "More
is Not Always Better--No Matter What People Say,"
Internet World: Intelligent CRM Strategies,
August 5, 2002.
Assess the future or potential value of a customer,
not just his/her historical value
Gary
Getz, "Commentary:
Bank on the Future Value of Your Customers,"
Internet World: Intelligent CRM Strategies,
July 1, 2002.
"Customer retention is critical to a firm's
success, but it's not the magic bullet."
Gary Getz, with Integral Academic Affiliates Robert
Blattberg and Jacquelyn Thomas, featured in "Managing
Customer Retention," Incentive, April
2002.
"The
fad is over, and now it is time for the real work."
Gary Getz, featured in "CRM
Stumbles on the Catwalk," Internet World
Magazine, April 2002.
Companies should think of and manage their customer
relationships like they think of other valuable,
financial assets.
Gary Getz, "Commentary:
Get Enough (But Not Too Much) Data,"
Internet World: CRM Fanatic E-Newsletter,
April 2, 2002.
Once
you have a Customer Equity mindset, getting a
return on investment from CRM is more straightforward,
though still not easy.
Gary
Getz, "Commentary:
Change Your Mindset to Get ROI from CRM,"
Internet World: CRM Fanatic E-Newsletter,
March 5, 2002.
Focus on growing Customer Equity
"Improving
Your CRM Game," by Gary Getz, Internet
World: CRM Fanatic E-Newsletter, February
5, 2002.
Never
treat new customers the same as established ones
Tenets from Customer Equity were featured
in
"One Size Doesn't Fit All," by Adriana Puckett
in the January 2002 issue of Sellingpower.com.
CRM is not the Answer
Gary Getz expounds upon common pitfalls in determining
customer value in the article "Gauging Customer
Equity: Do You Have Any Idea What Your Customers
Are Worth?" in the January 1, 2002 edition of
the Executive Report on Customer Retention.
Focusing on near-term
profits may lead to the forfeit of longer-term
prosperity
"Customers as Assets?" by Gary Getz, The Business
to Business Marketer, November/December 2001.
Companies must acquire
assets before they can manage them
An excerpt from Customer Equity: Building and
Managing Relationships as Valuable Assets
was highlighted in the October 2001 issue of Direct
Marketing, in the article "Managing Customer
Acquisition."
Treat customers as financial
assets
Nine common mistakes in pursuing customer-centricity
are highlighted in the September 2001 issue of
Catalog Success, "By the Book: Why Companies
Fail to Maximize Customer Value."
How to make better decisions
about where to focus marketing efforts and dollars
Robert Blattberg, Gary Getz, and Mark Pelofsky
outline lessons for managers that want to build
company value through customer value in "Want
to Build Your Business? Grow Your Customer Equity,"
Harvard Management Update, August 2001.