Winning Customers

 

Customer Value Creation:

Value Innovation

Customer Intimacy

Achieving Better Results for Supplier and Customer Alike

By: Vadim Kotelnikov

Founder, Ten3 Business e-Coach Inspiration and Innovation Unlimited!

"Customers grow ever more demanding, and suppliers must change just to keep up."  ~ Fred Wiersema

Customer Intimacy Customer Partnership Coaching Customers 1000ventures.com Tailoring Outside-In Company CUSTOMER INTIMACY as a Competitive Advantage: Tailoring, Partnering, Coaching

What You Should Do As a Customer-Intimate Company

  • Take responsibility for your customers' results. This emanates from sharing information and building trust.

  • See your customers' problems as your own. Remember that customer intimacy is the best way to create hard, tangible, rewarding results for both sides.

  • Engage in truly cooperative partnerships with your customers. Integrate your operations with those of your customers to develop new products, services, or solutions.

 
 

Eight Attributes of Corporate Success

By Peters and Waterman

  • Continued contact with customers... More

Employee Empowerment: Key Benefits

  • Getting closer to the customers... More

Why Customer Intimacy?

Customer intimacy is the largest source of your growth, sustainable competitive advantage, and profit. Everyone in your organization should practice it.

 

Customer-intimate companies bring an entirely fresh perspective. They discover unsuspected problems, detect unrealized potential, and create a dynamic synergy with customers. They often merge their operations with those of their customers. In the integration of their operations, suppliers become more than merely useful: They become indispensable.1

Customer Intimacy As a Competitive Advantage

Businesses have traditionally relied on technology and product innovation for competitive advantage. However, as products became commodities due to global competition and relentless technological advances, the battleground for differentiation and customer value creation shifted to customer intimacy and service. This service-focused competitive strategy has worked well for numerous companies across various industry sectors.

New Mindset – a New Way of Doing Business

Customer-intimate companies develop a new mindset – a new way of doing business – with new values, new vision, new strategies, new systems, and new structures.  They are in the business of creating new value for their customers. Rather than simply react to their customers' every whim, customer-intimate suppliers discover how to provide complete solutions to customers' needs.

Competitive Strategies: 2 Types

Customer Care

Surprise To Win: 3 Strategies

Customer Intimacy vs. Customer Satisfaction

"Customer intimacy doesn't call for increasing customer satisfaction. It requires taking responsibility for customer results. It doesn't impose arm's length goodwill. It requires down-in-the-trenches solidarity, the exchange of useful information, and the cooperative pursuit of results."1

Benefits To Your Organization1

Customer intimacy

  • gives senior managers a new vision of the future, a strategy that makes sense, and the tactics to make it work.

  • helps sales and account managers build deeper and more productive relationships with selected customers, arming them with a real-world model of success in their battle to unite factory and field.

  • helps human-resource professionals to deal with a most sensitive challenge of the commitment to deliver results – to integrate the supplier's personnel into a customer's operation.

  • helps information-technology professionals leverage emerging innovation: keeping information flowing back and forth to customers, and coaching them on how to get the best results with that information.

 Case in Point  25 Lessons from Jack Welch

Jack Welch's goal was to make GE "the world's most competitive enterprise." Welch believed in trying to know every employee and every customer, just like a village grocer. Welch even nicknamed GE "the grocery store": "What is important at the grocery store is just as important in engines or medical systems. If the customer isn't satisfied, if the stuff is getting stale, if the shelf isn't right, or if the offerings aren't right, it's the same thing. You manage it like a small organization. You don't get hung on zeros."