Wednesday, 24 August 2011

What does it mean to be Customer-Centric?

In theory, customers would be at the heart of every business. In practice, there’s a real tension that between business interests and customer needs and wants. All customers want great quality, service, and functionality at the lowest possible price, but businesses exist to deliver a return to their shareholders. So although most businesses start out with a focus on customer needs, bit by bit their attention shifts to profitability, operational efficiency, what their competitors are doing, etc, etc, etc. Over time they become less customer-centric and more company-centric or competitor-centric.

The rub, of course, is that for every business that does not pay close attention to customer needs, there is a competitor who does. And no matter how efficient a business is, unless it produces what customers want to buy it will not be successful over the long term.

Businesses that recognise and respect that tension, however, improve their profitability by adopting a customer centric strategy. By looking at every problem or opportunity from the point of view of the customer, the business gains new market insights and is better able to compete. They remember that the customer always has a choice.

Today’s renewed focus on being customer-centric is due to globalization and the internet, and the increased choice that customers now have as a result. Power has shifted away from the salesperson having all the knowledge, to the customer. An hour’s desk research now produces a list of suppliers in any given market, as well as a host of unbiased, real-life consumer reviews of how well the company or product performed when used in anger. When customers make an important purchase, they can spend as much time as they want researching their options and are quite likely to know more about it than any salesperson. The company that wins their business will offer the best value for their particular situation – whether they are looking long term or short term, whether they want something cheap and cheerful, or something they expect will last a lifetime.

So being customer centric means putting the customer at the heart of decision making and planning; being aware of different customer needs, and catering to a specific segment. Apple has done this to stunning and profitable affect.

10 comments:

  1. geffnerkersch.com Divorce Attorney Nassau County NY, Prenuptial Agreements Nassau County NY. Call us now: (516) 268-9898

    ReplyDelete
  2. Bedbugprocpc.com offers Bed Bug Exterminator, Bed Bug Inspections, Bed Bug Elimination, Bed Bug Inspection for Hotels and Residential and Commercial Bed Bug at Palo Alto CA, San Mateo CA, San Jose CA, Belmont CA, San francisco CA, Redwood City CA, Sunnyvale CA

    ReplyDelete
  3. Nyallpurposepaving.com offers Paving Contractor, Parking Lot Repairs, sealing, striping, Oil and Stone Driveways at Riverhead NY, Quogue NY, Hamptons NY, Southampton NY, Sag Harbor NY, Green point NY, Wading River NY, East Moriches NY, Center Moriches NY, Mannorville NY, Miller Place NY , Mt. Sinai NY,Greenport NY

    ReplyDelete
  4. Complete pest control specializing in Rodents & Rodent Proofing, has 40 years of experience in dealing with nuisance pests such as skunks, possums and raccoons. Our business is based on honesty, integrity and reliability, so you can count on us to solve all your wildlife problems. 650-839-9999, 408-246-0492, 415-818-6301

    ReplyDelete
  5. "Davispestmanagement.com offers Pest Control, Exterminator, Bed Bug Removal, Inspections, Rodent, Pest Elimination, Commercial, Residential, Professional, Licensed Exterminator , Scorpion, Bee Hive, Hornet, Fire Ant Removal by Service Area, Las Vegas NV

    ReplyDelete
  6. Atopcommercialpaving.com offers Commercial Paving, Asphalt Contractor, and Parking Lot Resurfacing at Queens NY, Nassau County, Bayside NY, Jamaica NY, Middle Village NY, Ozone Park NY, Howard Beach NY, Little Neck NY

    ReplyDelete
  7. Jettonsgrading.com offers Grading, Excavation and Paving Contractor, Land Clearing Services, Septic Systems, Retaining Walls and Driveways, Drainage Systems, Construction Site Clean-Up, Demolition Contractor at Walhalla SC, Seneca SC"/>

    ReplyDelete
  8. Viceroy Investigations and Consulting LLC is a member of the Chamber of Commerce of the Massapequa's offer security consulting, assessments and training to large and small businesses. Let us help you design and implement policies that aid in Safe hiring, Work Place security and Information Security. Call us: 516-694-0093" />

    ReplyDelete
  9. Diskdatadestruction.net offers Mobile paper shredding, Mobile hard drive destruction at Hauppauge NY, Suffolk County NY, Long Island NY, Ronkonkoma NY, Melville NY, Huntington NY, Garden City NY, Farmingdale NY, Westbury NY, Bohemia NY, Stony Brook NY, Nassau County NY"/>

    ReplyDelete
  10. Diskdatadestruction.net offers Mobile paper shredding, Mobile hard drive destruction at Hauppauge NY, Suffolk County NY, Long Island NY, Ronkonkoma NY, Melville NY, Huntington NY, Garden City NY, Farmingdale NY, Westbury NY, Bohemia NY, Stony Brook NY, Nassau County NY"/>

    ReplyDelete