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(note: some of these articles are linked to the full papers)
Papers which cover different aspects of CVM
are:
"The Balanced Scorecard: Measures That Drive Performance " By Robert S. Kaplan & David P. Norton. (Harvard Business Review, pp 172-180, July-August 2005. By the 1980s, many executives were convinced that traditional measures of financial performance didn't let them manage effectively and wanted to replace them with operational measures. The authors argue that executives should track both financial & operational metrics.
"The Suprising Economics of a People Business " By Felix Barber & Rainer Strack. (Harvard Business Review, pp 81-90, June 2005. People-intensive companies & business units ought to be managed & measured in ways that reflect their unique economics. Some standard practices can lead you dangerously astray.
"Root
Cause analysis For Beginners" by James
J. Rooney and Lee N. Vanden Heuvel, (Quality Progress, Pages
45-53, July 2004).
"Move
From Product to Customer Centric" by Robert
Ricci, (Quality Progress, Pages 22-29, November 2003).
"Turn
You Customers Into Interns" by Scott Will,
Ted Rivera and Adam Tate, (Quality Progress, Pages 31-37,
November 2003).
"Characteristic
Management" by R. Dan Reid, (Quality Progress,
Pages 71-73, November 2003).
"Listening
Begins At Home" by James R. Stengel, Andrea
L. Dixon and Chris T. Allen, Harvard Business Review, Pages
106-117, November 2003). Procter & Gamble practically
wrote the book on market research. But when the company used
those techniques to learn how its employees felt, it discovered
a whole new way to improve morale - and profits, too.
"Coming
Up Short on Nonfinancial Performance Measurement"
by Christopher D. Ittner and David F Larcker, (Harvard
Business Review, Pages 88-95, November 2003). Tracking
things like customer satisfaction and employee turnover can
powerfully supplement traditional bookkeeping. Unfortunately
most companies botch the job...
'Mind Your Pricing Cues" by Eric
Anderson and Duncan Simester (Harvard Business Review, Pages
96-103, September 2003).
"Web
Survey's Hidden Hazards"
by Palmer Morrel-Samuels, (Harvard Business
Review, Pages 16-17, July 2003). Companies are replacing
paper surveys with Web-based versions that can dangerously
distort the results.
"Print
Perfect" by Kristen Johnson, (Quality
Progress, Pages 48-55, July 2003).
"Let The Product Speak For Itself"
by Christopher Seiwald. (IEE Review, Page 52, May 2003).
A product-style company applies this approach, modifying
it to its business: work on the product and riches will follow.
The question shifts from "What makes us the most money?"
to "What makes the product most useful to most people?"
"Diamonds
in the Data Mine" by Gary Loveman, (Harvard
Business Review, Pages 109-114, April 2003) Harrah's Entertainment
has outplayed its competition and won impressive gains, despite
being dealt a weak hand by the economy. The secret? Mining
the company's rich database to develop compelling customer
incentives.
"Tipping
Point Leadership" by W. Chan Kim and Renee
Mauborgne, (Harvard Business Review, Pages 61-69, April 2003).
How can you catapult your organisation to high performance
when time and money are scarce? Police Chief Bill Bratton
has pulled that off again and again.
"Leading
For Value" by Brian Pitman, (Harvard Business
Review, Pages 41-46, April 2003). From 1983 to 2001, British
bank Lloyds TSB increased its market capitalization 40-fold,
in part by shedding assets and narrowing its focus. But something
else was at work: a CEO-led transformation of the company's
culture.
'The
Power Of Happy Staff" by Mark Storey
(New Zealand Herald Management Section, Wednesday 23 April
2003). Annual Surveys by one of the worlds biggest banks
have found satisfied employees make a significant difference
to the bottom line.
"The
Innovation Equation" Anthony W. Ulwick
, March 2003 - 7 pages. Available in PDF file format.
To innovate, companies must determine which ideas combine
to best satisfy the 100-plus outcomes customers are trying
to achieve. Solving this "innovation equation" is
the key to success - but traditional customer-driven methods
get it all backward. Learn why new tools are needed ...
"Find
Your Innovation Sweet Spot" by Jacob
Goldenberg, Roni Horowitz, Amnon Levav and David Mazursky,
(Harvard Business Review, (Harvard Business Review, Pages
120-129, March 2003). Most ideas for new products are
either uninspired or impractical. a systematic process, based
on five innovative patterns, can generate ideas that are both
ingenious and viable.
"The
Loyalty Elephant" by Steve Hoisington
and Earl Naumann. (Quality Progress, Pages 33-41, February
2003). A four-phase model explains the major relationships
leading to customer loyalty.
"Six
Steps To Integrating Complaint Data Into QA Decisions"
by John A. Goodman and Steve Newman. (Quality Progress,
Pages 43-47, February 2003). A thorough understanding
of consumer behavior can help show where and how to allocate
quality resources.
"Clueing
In Customers" by Leonard L. Berry
and Neeli Bendapudi. (Harvard Business Review, Pages 100-106,
February 2003). When a company's offerings are hard to
judge, customers look for subtle indicators of quality. The
Mayo Clinic knows how to send the right signals.
"The
Best-Laid Incentive Plans" by Steve
Kerr. (Harvard Business Review, Pages 27-37, January 2003).
Rainbarrel Products knew what it needed from its workforce
and created a performance management system to get it. Now,
its living with the consequences - most of them unintended.
"Power
is the Great Motivator" by David
C. McClelland and David H. Burnham. (Harvard Business Review,
Pages 117 -126, January 2003). This article looks at 3
types of managers, what drives each type and the link from
morale and team spirit through to business performance.
"Rising
dollar puts premium on quality" By
Gilbert Ullrich. (New Zealand Herald, Business Section, Friday
February 14, 2003). A leading New Zealand industrialist
and exporter explains how keeping ahead of the competition
on product and service quality can be used to keep customers
while riding out fluctuations in foreign exchange rates.
"Linking Measures
Of Customer Satisfaction, Value And Loyalty To Market And
Financial Performance: Basic Methods And Key Considerations"
- PDF File (Burke - White Paper Series Volume 2, 2000,
Issue 3). Common approaches to linking customer satisfaction,
value and loyalty to business results.
"Understand
Customer Behavior And Complaints"
By John Goodman and Steve Newman. (Quality Progress, Pages
51-55, January 2003). Eight areas of quantifiable data
can be integrated into quality assurances decisions.
"The
Flaw of Averages" By Sam Savage.
(Harvard Business Review, Pages 20-21, November 2002).
Decisions based on average numbers are wrong on average.
"How to Identify Your Enemies - Before
They Destroy You" By Farshad Rafii and Paul J.
Kampas. (Harvard Business Review, Pages 151-123, November
2002). When trying to anticipate competitive threats,
managers often have trouble distinguishing signal from noise.
This tool can help.
"Measurement
of Customer Satisfaction is necessary, but what does it have
to do with customer relationships? By
James G. Barnes. It has long been acknowledged in most
customer-oriented companies that satisfying the customer is
a first step down a road that leads to repeat buying, customer
retention, and ultimately to loyalty and relationship building.
However, it may well be the case that companies which take
a simplistic view of customer satisfaction may be deluding
themselves into thinking that things are OK. What are we actually
measuring when we set out to measure customer satisfaction?
"What's Your Real Cost Of Capital?"
By James J. McNulty, Tony D. Yeh, William S. Schulze and
Michael H. Lubatkin. (Harvard Business Review, Pages 114-121,
October 2002). The traditional approach to evaluating
capital investments has a fatal flaw. Here's how to get numbers
you can count on.
"A Thing Of The Past?" By
David A. Collier, Susan Meyer Goldstein and Darryl D. Wilson.
(Quality Progress, Pages 97-104, October 2002). The 1992
model may have been the best Baldridge model for organizational
performance.
"Will
This Customer Sink Your Stock?" By
Larry Selden and Geoffrey Colvin. (Fortune, Pages 87-90, October
2002). Here's the newest way to grab competitive advantage:
Figure out how profitable your customers really are.
"Three Questions You Need To Ask About
Your Brand." By Kevin Lane Keller, Brian Sternthal
and AliceTybout. (Harvard Business Review, Pages 81-86, September
2002). Conventional wisdom says creating a brand is about
differentiating your product. Think again.
"Pricing and the Psychology of Consumption"
by John Gourville and Dilip Soman. (Harvard Business
Review, Pages 91-96, September 2002). The way you set
prices doesn't just influence demand. It also guides the way
buyers use your product or service - and that can have a lasting
impact on customer relationships.
"Customers: A Love/Hate Relationship?"
By Russ Westcott. (Quality Progress, Pages 35-41, July
2002). Focusing on customers means knowing what they need
and how you affect them.
"Mine Customer Experiences" By
Edna White, Ravi Behara and Sunil Babbar. (Quality Progress,
Pages 63-67, July 2002). An affinity diagram allows you
to organise vast amounts of qualitative data to identify patterns
or groupings.
"My Week as a Room-Service Waiter at
the Ritz" by Paul Hemp. (Harvard Business Review,
Pages 50-52, June 2002). Managers love to talk about delighting
their customers. But how does it feel to be one of the people
who actually have to deliver the goods?
"Charting Your Company's Future"
by W. Chan Kim and Renee Mauborgne. (Harvard Business
Review, Pages 77-83, June 2002). Most Strategic Planning
involves preparing dense documents filled with numbers and
jargon. But building the process around a picture yields much
better results.
"How Surveys Influence Customers" By
Paul M Dholakia and Vicki G Morwitz. (Harvard Business Review,
Pages 18-19, May 2002). New research shows that simply
asking customers their opinion can increase their profitability
over the long term.
"Customers as Innovators" By Stefan Thomke
and Eric von Hippel. (Harvard Business Review, Pages 74-77,
April 2002). A New Way To Create Value.
"It Might Not Be Your Product" By John
A.Goodman, Dianne Ward and Scott Broetzmann. (Quality Progress,
Pages 73-78, April 2002). Marketing tactics and lack of
customer education may be causing more dissatisfaction than
you realise.
"Balance Your Balanced Scorecard" By
Robin Lawton. (Quality Progress, Pages 66-71, March 2002).
Categories of measures should reflect key values of both organisations
and customers.
"Getting the Truth into Workplace Surveys" By
Palmer Morrel-Samuels (Harvard Business Review, Pages 111-118
February 2002). Many companies use surveys to measure
employee motivation, job performance, and the effectiveness
of HR programs. But more often than not, these tools miss
important information and can even create new problems.
"Turn customer Input into Innovation" By
Anthony W.Ulwick (Harvard Business Review, Pages 91-97, January
2002). Lots of companies ask customers what they'd like
to see in new products and services - but they go about it
all wrong. A new methodology for capturing customer input
promises to galvanize the innovation process.
"While Customers Wait, Add Value" By Christopher
Meyer. (Harvard Business Review, Pages 24-26, July/Aug 2001).
Companies have put a great deal of effort into wringing wasted
time out of their processes. Now they need to put the same
effort into saving their customers' time.
"Lead for Loyalty" By Frederick
F.Reicheld. (Harvard Business Review, Pages 76-84, July/Aug
2001). New research shows that companies with faithful
employees, customers and investors share one key attribute:
leaders who stick to six bedrock principles.
"E-Loyalty" By Frederick F. Reicheld and
Phil Schefter. Harvard Business Review, pages 105-113, July/Aug
2000). Your secret Weapon on the Web. In a rush to build
Internet businesses, many executives concentrate all their
attention on attracting customers rather than retaining them.
That's a mistake. The unique economics of e-business make
customer loyalty more important than ever.
"Want to Perfect Your Company's Service?
Use Behavioral Science." By Richard B. chase
and Sriram Dasu. (Harvard Business Review, Pages 78 - 84,
June 2001). The next frontier in service management
comes from the venerable field of behavioral science, where
provocative psychological research sheds light on how customers
feel when a company "touches" them. The takeaway:
five new operating principles.
"Will
Your E-Business Leave You Quick or Dead?"
by Larry Selden and Geoffrey Colvin. (Fortune,
Pages 102 to 108, May 2001). Digitizing can boost
shareholder value, but only for well-prepped companies.
Where do you stand? Take the test.
"How To Make Surveys Simpler
And More Focused" by Larry R. Vinson.
(Quality Progress, Pages 58 to 63, May 2001).
The author describes how multivariate statistical techniques
can be used to simplify survey, and provide results that are
more focussed on what drives customer loyalty.
APQC articles on Customer Value Management
and Customer Value Analysis. A series of articles being
progressively published by the American Productivity And Quality
Centre, that highlight customer value and the framework needed
for an enterprise's customer value initiatives to achieve
maximum gain:
Customer
Value Management and the Measurement System
(APQC March 2001).
"Using What Customers Value
To Guide Your Business"
by Joe Murdock, Bradley Gale and Reginald Goeke. (American
Productivity and Quality Centre, 2000). Covers a benchmarking
study on how 5 best practice companies are using Customer
Value Analysis as the key factor in decision making.
Covers how these companies link what customers value to business
results.
(Copyright 2000, APQC)
Executive summary available for download in PDF format from
the APQC Web Site.
"Managing
Customer Value" by Michael T. Saliba,
Caroline M. Fisher. (Quality Progress, Pages 63 to 69, June
2000). Saliba and Fisher, both at the College of Business
Administration at Loyola University, examine how Allied Signal,
FedEx, Honeywell, Hewlett-Packard, Lever, Nortel Networks,
US West and Wisconsin Energy are using the customer value
approach to guide business management so that optimum value
is delivered to their customers.
"Customer
Satisfaction At A Software Support Call Centre"
by Charles Palson, Dale Seidlitz. (Quality Progress, Pages
71 to 75, June 2000). The writers cover how they found
that the most important factor in handing technical calls
is to give the customer feedback during the phone call on
what the service rep. is doing to resolve the problem.
"How To Fight A Price War" by Akshay R. Rao,
Mark E. Bergen and Scott Davis. (Harvard Business Review,
Pages 101 to 116, March - April 2000). If you find yourself
in a price war, you'll need to understand how it started in
order to respond effectively. Often the best counterattack
does not involve a retaliatory price cut. The authors
describe alternative approaches.
"The Valued Customer: Thoughts On Customer Value Added
and Loyalty" by P.
Davis Steward, President, Customer
Opinion Research Inc.
(May 1999). Within the past
few years, US and International companies have advertised
quality to both their customers and their employees.
Most of these companies have embraced a new interpretation
of quality that has been fueled by increased competition in
the global marketplace.
No longer is the notion of just conformance to internal
product and service standards acceptable. In today's market, standards of quality are set by the customer.
Furthermore, quality is taking on a greater importance
as customers use it to determine value.
VALUE is the customers' perception of the QUALITY they
receive for the PRICE they pay for a product or a service.
(Copyright 1999, Customer Opinion Research Inc).
"Value - the moving target" by Sherrill Tapsell.
(New Zealand Management, Pages 96 and 97, December 1999).
Describes the need to continually find new ways to provide
value to customers, and how Firth Industries (a concrete masonry
firm), is providing free consultants to help coordinate all
building requirements for customers. "The more we get
involved the more we'll be perceived as adding value."
says Firth's Residential Manager Alistair Helm.
"Taking CSM To The Next Level At Mead" by
John Pellegrino, Director Customer Satisfaction Measurement,
Mead Corporation. (Frontiers in Services conference, Vanderbilt
University, Tennessee, October 21-23 1999). How a product
based company uses the customer value approach to customer
satisfaction and service to differentiate itself in a highly
competitive market.
"The Economics of Customer Satisfaction" by
Nicholas G. Carr. (Harvard Business Review, Pages 15 and 18,
March - April 1999). Research by James DiConstanzo of
the PNC Bank in Pittsburgh, USA in conjunction with John A.
Larson and W. Earl Sasser confirms that highly satisfied bank
customers give substantially more business to their banks,
and that bank branches with highly satisfied customers are
more profitable than those with only satisfied customers .
"Customer Value Measurement:
Gaining Strategic Advantage" by
Bradley Gale. (American Productivity and Quality Centre, 1999).
This best-practice report, based on a groundbreaking consortium
benchmarking study, presents findings related to
developing and implementing a customer value measurement
system, operationalizing customer value analysis, integrating
customer value analysis into a strategic navigation system,
and measuring the impact of customer value.
(Copyright 1999, APQC)
"Why Good Rates Badly in Customer-value Grading"
by Selwyn Parker. (New Zealand Herald, Business Section
Page 1, 4 November 1998). A United States expert on the
black art of keeping customers happy says a verdict of excellent
is the only one that really counts.
"Finding Solutions" by Ruth
Le Pla. (NZ Marketing Magazine, August 1999, pages 23-25,
39-40). Covers how Winstone
Wallboards has successfully increased profits
by providing additional value to its end user customers through
redefining its value proposition from being a supplier of
plasterboard, to being a supplier of home solutions.
"Creating Linkages That Count" by Bill
Lipski. (Proceedings of the American Marketing Association
8th Annual Conference on Customer Satisfaction, Fairmont Hotel,
San Francisco, California, United States of America, 31 May
- 2 June 1998). Broadband Networks is now one of Nortel's
most successful business units. Assistant VP (Sales) for Broadband,
Bill Lipski tells of the many initiatives that saw the business
unit become the company leader in customer and employee satisfaction
with net earnings jumping by 30%. Covers examples of how they
used the Customer Value Added approach.
"What Does Your Customer Really Want?", by
Joan O Fredericks and James M Salter II, (Quality Progress,
January 1998, pages 63-68). By discovering how to deliver
superior customer value, an organisation will move beyond
satisfaction to loyalty.
"Building and Deploying Profitable Growth Strategies
based on the Waterfall of Customer Value Added".
By Kordupleski and Laitamaki. (European Management Journal,
Vol.15 No. 2, April 1997). Abstract: This article aims
at expanding business leaders' knowledge of the key drivers
of customer satisfaction and business process excellence,
and strengthening their skills in developing profitable growth
strategies based on Customer value Added (CVA).
The management thesis of the article is: (1) Competitive
CVA drives shareholder value. (2) The Harnessed Waterfall
generates superior CVA though improved customer satisfaction
and business process excellence. (3) The CVA-Map helps business
leaders to discover profitable growth strategies from rely
on superior CVA and market opportunities. (4) The profit tree
analysis assists management in building and deploying profitable
growth strategies for obtaining the desired CVA position.
"Profiting
From Quality in the Service Arena" by
The ASQ Quality Costs Committee (Quality Progress Pages 81-84,
May 1999). This article looks at using cost-of-quality
applications in nonmanufacturing organisations.
"The HR Side of Sears' Comeback" by Jennifer
Laabs (Workforce Page 24, March 1999). This article examines
how at least one-third of Sears' dramatic financial and cultural
transformation has been HR-driven.
"Creating New Market Space" by W. Chan
Kim and Renee Maulborgne (Harvard Business Review Pages 83-93,
January-February 1999). Head to head competition can only
net you a larger piece of an existing pie. To break free from
the pack and stake out new ground requires a different mindset
and a systematic way of looking for opportunities.
"Is Your Company Ready for One-to-One Marketing?"
by Don Peppers, Martha Rogers and Bob Dorf
(Harvard Business Review Pages 151-160, January-February 1999).
You know you want to build learning relationships with your
customers, but where should you start? The authors identify
the four practical steps that companies can use to create
an effective one-to-one marketing program.
"Customer
Value" by Don Peppers and
Martha Rogers (CIO Enterprise Magazine, Sep 15 1998).
How much are your customers worth? Segmenting them by
profit potential is essential if you want to cultivate your
most valued clients.
"Customer Value Analysis: From Theory to Practice"
by Randy Hanson (ASQ/AMA Tenth Annual Customer Satisfaction
and Quality Measurement Conference, Atlanta, Georgia, USA,
3/1998). This paper looks at the tools of Customer Value
Analysis in a practical context, raising key implementation
issues. The seven tools of CVA are reviewed. Covers
techniques developed by Bradley Gale, Rodger Gallagher, Ray
Kordupleski, as well as the author.
"Business Marketing: Understanding What Customers
Value" by James C. Anderson and James A. Narus
(Harvard Business Review Pages 53-65, November-December 1998).
Being able to pinpoint the value of a product or service for
one's customers has never been more important. By creating
and using what authors call customer value models,
suppliers can figure out exactly what their offerings are
worth to customers.
"Leadership: Moving Toward a Universal Mission of
Value" by Michael C. Harris. (Quality Forum Management
Pages 3-4, Vol.21.1, Spring 1998).
"ICING on the CAKE?" by Kevin Lawrence.
(NZ Marketing Pages 12 - 18, September 1998). From medical
equipment to mobile phones, this article covers how Rodger
Gallagher is assisting leading New Zealand companies to move
ahead using the Customer Value Added approach. It also
covers some of the early customer value work by Ray Kordupleski
and Rodger Gallagher at Telecom New Zealand.
"Valuing Customers" by John Goulter.
(NZ Business Pages 20 - 24, June 1998). This article covers
how in New Zealand, Royal & SunAlliance Insurance are
using the Customer Value Added approach, as well as covering
some early customer value work by Ray Kordupleski and Rodger
Gallagher at Telecom New Zealand.
"Preventing The Premature Death of Relationship Marketing"
by Susan Fournier, Susan Dobscha, and David Glen Mick.
(Harvard Business Review Pages 42-44, January-February 1998).
A mounting wave of consumer discontent has yet to reach
the bottom line. But sooner or later, corporate performance
will suffer unless relationship marketing becomes what it
is supposed to be: the epitome of customer orientation.
"Are
You Listening to Your Customers?" by
Edmund S. Fine. (Quality Progress Page 120. January 1998).
Problems can occur during the operation of any manufacturing
or service system, regardless of the product or industry.
The true measure of the goodness of a system is how well it
copes with reported anomalies. This articles outlines
steps to use as a checklist to assess your system.
"Valuing Companies: A star to sail by?"
(The Economist August 2nd 1997, Pages 57-59). This
articles looks at the new techniques that are used by consultants
for gauging the value that firms create for their owners.
"Modeling
Customer Survey Data"
by Linda Clark, William S Clevelen, Lorraine Denby, and
Chuanhai Liu. (A paper for the workshop on Case Studies in
Bayesian Statistics, Carnegie Mellon University, September
26 -27, 1997). Covers how Bell Labs, Lucent Technologies
use Customer Value Analysis to interpret a quarterly customer
and competitor survey run by Lucent Technologies.
"Discovering New Points of Differentiation"
by Ian C. MacMillian and Rita Gunther McGrath.
(Harvard Business Review Pages 133-145, July-August 1997).
Open up your thinking to your customer's entire experience
with your product or service.
"A Satisfied Customer Isn't Enough" Thomas
Stewart, (Fortune July 21, 1997). A good introductory
level article on the relationship between satisfaction and
loyalty, and how each customer has individual needs.
"The
role of Innovation in establishing a Customer Service Operation
for Maximum Customer and Business Benefit".
By Gallagher. (Proceedings of the Decision Sciences Institute
Fourth International Meeting, Sydney, Australia, July 20-23
1997).
Abstract: Telecom New Zealand field technicians now use portable
computers linked with mobile phones to access a computer system
and a centralised call reception centre. This allows the field
technicians to directly receive work to fix faults, then manage
the clearance of the faults. The paper covers the project
that implemented this innovative way of running a customer
service operation. It shows how Information Technology can
be used as a trigger for innovative business process design.
Taking very much a 'lessons learned' approach, it covers both
the way things were done and how things could have been done
better.
"Customer Value: The Next Source of Competitive Advantage",
by Robert B. Woodruff, University of Tennessee. (Journal
of the Academy of Marketing Science, Vol. 25, No. 2, Spring
1997, pages 139 -153). This article provides frameworks
for thinking about customer value, customer value learning,
and the related skills that managers need to create and implement
superior customer value strategies.
"Satisfaction Is Relative" by Sajeev Varki
& Roland T Rust (Marketing Research, American Marketing
Association, Summer 1997, Vol. 9, No. 2). Earlier studies
of customers satisfaction focused on measuring the satisfaction
levels of the sponsoring firm's customers alone. The emphasis
has gradually shifted to measuring the satisfaction levels
of the firm's customers relative to those of its competitors'.
The authors look at the impact of differences between satisfaction
levels of different segments of bank customers, and high light
the need to compare like with like when determining relative
satisfaction levels. They go on to show how strategic marketing
information can be derived using relative satisfaction techniques.
"Value Innovation: The Strategic Logic of High Growth"
by W. Chan Kim and Renee Mauborgne (Harvard Business Review,
Jan-Feb 1997). Case studies are included on companies
who have moved to a new value proposition by focussing on
what is important to customers. This has allowed these companies
to lower costs and gain market share.
"Linking the Value of Customer Satisfaction to Corporate
Profitability - How to Measure Its Value" by Zahorik
and Rust (Owen Graduate School of Management, Vanderbilt University,
Nashville, Tennessee)
"Modelling Customer Satisfaction at Telecom New Zealand"
by Peter J Danaher and Rodger W Gallagher. (European
Journal of Marketing, Volume 31, Number 2 1997. pages 122
to 133). This paper investigates way to predict and model
the customer importance factors. It gives a successful example
of International Directory Assistance which shows that these
techniques significantly raised customer overall satisfaction
in a 5 month period.
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"Don't Grow Complacent When
Your Customers Are Satisfied"
by Kelly Shermach (American Marketing Association,
1996). A new trend in marketing that surpasses customer
satisfaction is customer value management which measures quality,
costs of product or service acquisition and usage, and image
in the marketplace
"Managing Customer Value: Creating Quality And Service
That Customers Can See" by Jane Cooney
(University of Western Ontario, School of Business Administration,
Spring 1996). Managing Customer Value: Creating Quality
And Service That Customers Can See, by Bradley T. Gale with
Robert Chapman Wood, is reviewed.
"Reengineering and Managing a Customer Service Operation
- Lessons learned from Telecom New Zealand", by
Gallagher (Paper based on presentation to Reengineering in
the Telecommunications Industry Conference, Hong Kong, June
1996).
"Customer Satisfaction - From a Slogan to a Science"
by Ilmar Taimre, Project Director, Customer Satisfaction
Initiative, ANZ Bank New Zealand. (SCOPE Pages 8 - 10, December
1996, Volume 12, ANZ Banking Corporation). This article
covers how in New Zealand, ANZ Bank and UDC Finance are applying
Customer Value and Satisfaction techniques. The aim of ANZ
is to shift customer satisfaction from the realms of a slogan
towards a robust and in-depth management science.
"Customer Loyalty: Playing for Keeps" by
Laura Struebing (Quality Progress, February 1996 Pages 25-30).
Abstract: To earn customer loyalty, Minute Maid asks
customers what they want by using hard measures such as market
share and revenue, and soft measures like focus groups and
surveys. Complaints and return transactions provide
valuable information. At Minute Maid, the value per
lifetime per customer is put at $1 million.
"Beyond relationship marketing ... Anticipating what
customers want" by Stan Fried (Planning Forum,
Jul/Aug 1995). Companies that want to become market leaders
before the end of the decade will have to begin now to use
digital information technologies in building long-term relationships
with their customers. Companies really have no choice but
to become adept at anticipating what customers want and need.
"Surprising Roads to Customer Loyalty" by
A. Blanton Godfrey, et al (AQC 1995 Transactions Pages 1003-1006).
Abstract: Authors present strategies for developing
long-term loyal customers. Building loyalty involves
comparing the cost of keeping customers with the cost of getting
new ones, identifying emerging problems and solving them before
they reach crisis proportion, evaluating and focusing on business
operations that serve customer needs, and drawing the line
between raising unreasonable customer expectations and remaining
competitive.
"Create Value - Or Else!" by Chad Rubel.
Covers a presentation given by Ray Kordupleski on ways to
implement the value approach in companies. (Marketing News,
American Marketing Association, Volume 29, pp 17, April 24,
1995)
"Return on Quality (ROQ): Making Service Quality
Financially Accountable" by Rust, Zahorik and Keingham
(Journal of Marketing, Vol. 59, pp 58-70 April 1995).
Many companies have been disappointed by the returns from
their quality efforts. This paper looks at the cost of quality
initiatives in relation to ways to measure their benefits.
"Customer Focus Means Commitment to Constant Change"
by Robert Heller (Management Today, January, 1994).
"Customer Relationship Management How to Go
Beyond Simply 'Satisfaction' to Building Equity into your
Most Important Asset Base: the Customer" (CMA
Magazine, September, 1994).
"Creating
Customer Value Through Industrialized Intimacy"
by Peter Kolesar, Garrett van Rysin and Wayne Cutler (Strategy
and Business. Third Quarter 1998). The article covers the
need to personalize service delivery through understanding
of more than just their core needs to achieve excellent customer
value.
"Selecting a Scale for Measuring Quality,
Marketing Research" by Susan J. Devlin,
, H.K. Dong, and Marbue Brown (Marketing Research. 1994, Vol.
5, No. 3).
"Customer Intimacy and Other Value Disciplines"
by Michael Treacy and Fred Wiersma (Harvard Business
Review, January-February, 1993).
"What Management Accountants Should Know About Market-Driven
Quality" by Kaye Hamilton-Smith and Ted Morris (CMA
Magazine, May, 1993).
"Five Common Myths About Consumer Satisfaction Programs"
by Diane Halstead (Journal of Services Marketing, Vol.
7, No. 3, 1993).
"Taking a Dose of Your Own Quality Medicine"
by Ray Kordupleski (Target Magazine, Association for
Manufacturing Excellence, Nov/Dec 1993).
"Improving Customer Performance Through Customer-Satisfaction
Measurement and Management" Theresa Flanagan,
and Joan Fredericks (National Productivity Review, Spring:
pp.239-258, 1993).
"Why Improving Quality Doesn't Improve Quality (Or
Whatever Happened to Marketing)" by Kordupleski,
Rust, and Zahorik. (California Management Review, Volume 35,
Number 3, Spring 1993).
"Bridging Quality & Customer Retention"
by Richard Shapiro (AQC 1993 Transactions, Pages 862-867).
Abstract: Shapiro states that customer retention should
be the organisation's ultimate test of success. An organisation
should measure retention by tracking and looking for changes
in revenue for each customer's account. Through strong
relationships with customers, organisations can increase retention
by asking customers the right questions, really listening
to what they have to say, and providing feedback to them on
the results of action plans.
"Ineffective That's the Problem with Customer
Satisfaction Surveys" by John A. Goodman, Scott M.
Broetzmann, and Colin Adamson (Quality Progress, May, 1992).
"Reviewing
Your Measurement System - Are You Still Measuring the Right
Thing?" by
Gallagher (Telecom Corporation of New Zealand publication,
presented at Customer Satisfaction Measurement II Conference,
Auckland, New Zealand, May 1992).
"Driving
Your Business with Customer Satisfaction Measurements"
by Gallagher (Presented at Customer Satisfaction Measurement
I Conference, Auckland, New Zealand, February 1992).
"What is Customer-Driven Marketing?" by
Earl Naumann and Patrick Shannon (Business Horizons, November-December,
1992).
"Customer Satisfaction - Assessing it's Economic
Value" by Roger Burns and Walter Smith (AQC 1991
Transactions Pages 316-321).
Abstract: Reports the results of the Harris Corp.'s
efforts to measure the level of customer satisfaction at it's
20 divisions. The method used involved assigning economic
values to alternative actions and then linking consequences
of specific actions to customer satisfaction and customer
loyalty. The results indicated that satisfaction and
loyalty had a direct relationship to sales efficiency and
return on equity.
"Letting
the Customer be the Judge of Quality"
by Jeffrey W. Marr (Quality Progress Pages 46-49, October
1986). This article covers how customer satisfaction measurement
programs can provide quantitative data on customer perceptions.
"Turning Goals Into Results: The Power of Catalytic
Mechanisms" by Jim Collins (Harvard Business
Review Pages 71-82, July-August 1999). Often the view
is expressed that what gets measured gets managed. This not
always the case though. The author looks at the importance
of setting goals then working to achieve them using catalytic
mechanisms.
"What High-Tech Managers Need to Know About
Brands" by Scott Ward, Larry Light, and Jonathan
Goldstine (Harvard Business Review Pages 85-95, July-August
1999). A good article making the point that brands represent
the value that customers see in a product.
"QS-9000 Customer Satisfaction Monitoring Isn't
Working" by William Robert Loomis. (Quality
Progress Pages 54-59, July 1999). The author provides
a better way based around more substantial measures and increased
contact with customers.
"Putting The Service-profit
Chain To Work"
by James L. Heskett, Thomas O. Jones, Gary W. Loveman,
W. Earl Sasser Jr. and Leonard A. Schlesinger (Harvard Business
Review Pages 164-174, March-April 1994). The authors investigate
and establish relationships between profitability, customer
loyalty, employee satisfaction, employee loyalty, and employee
productivity.
"Why satisfied customers defect" by Thomas
O. Jones and W. Earl Sasser Jr. (Harvard Business Review Pages
88-99, November-December 1995).
"Learning from Customers' defection"
by Frederick F. Reichheld (Harvard Business Review Pages 59-60,
March-April 1996).
"Best Practice for Customer Satisfaction in
Manufacturing Firms" by Abbie Griffen, Greg
Gleason, Rick Preiss, and Dave Shevenaugh. (Sloan Management
Review Pages 87-98, Winter 1995).
"Too close for comfort? The Strategic Implications
of Getting Close to the Customer" by Stuart
MacDonald. (California Management Review Pages 8-27, Summer
1995).
"Measuring and Improving Customer Value"
by Bradley T Gale (Keynote presentation to the 1997 Annual
Member's meeting of the Institute for the Study of Business
Markets). One of the most knowledgeable experts on Customer
Value discusses how to measure relative customer value and
identify ways to improve it.
Key points:
- Early observations
- Today's search for value
- Measuring value
- Spotting value improvement opportunities
- Marketing's bottom line
(Copyright 1997, Institute for the Study of Business Markets)
Available for download in MS RTF from the Customer Value Web
Site -- Click
here to download it now. (For viewing
in MS Word or Wordpad)
"What
do Customers Value?" by Bob Gardner.
(Quality Progress Page 41, November 2001). A five-step approach
to linking customer value to business processes.
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