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Branding
Brands can be a company’s most valuable intangible assets.
Our research has indicated that companies with strong brands earn
up to 5 percentage points higher total return to shareholders than
their industry counterparts. While part of this return is
attributable to better current performance, the rest reflects the
expectation that a powerful brand will be successfully expanded
into new channels, geographies, and businesses. Yet most companies
fail to capture as much as 25 percent of potential incremental
growth because they do not leverage the full equity of existing
brands. Companies can seize the opportunity to build on existing
brand assets by developing distinctive and highly relevant
customer-focused benefit platforms, both rational and emotional.
Superior returns come when companies continually enhance and
expand on their brand promise, and customers feel that brands
deliver consistently on their promise at key customer touch
points.
CRM
Customer
relationship management (CRM) converts information about customers
into a rich asset for performance improvement. The more complete
an understanding a company has of its customer base, the more
opportunity there is to use analytics to implement customer-facing
initiatives in targeted ways that achieve measurable impact.CRM is
fundamentally a strategic approach to managing customer value and
experiences. It is not a technology solution. However, technology
is often an enabler of the benefits that accrue from a
well-crafted customer strategy, superior analytics, and innovative
programs.
Marketing Strategy
Marketing
strategy innovators are unlocking enormous value and creating
leadership in their industries. Their success reflects an
insightful response to new customer behavior as well as an ability
to capture the potential of new marketing technologies. In many
cases, these marketers are shifting away from a traditional
marketing approach that focuses solely on functional benefits such
as quality or reliability. By highlighting and enhancing process
and relationship benefits, marketing innovators are creating
superior value for customers.
When we help a client with its strategic development process, our
fundamental focus is on understanding current and emerging
customer needs. Over the years, we are involved in many marketing
strategy engagements across a wide variety of industries. This
involvement provides us with unique insights into customer needs
and how they are changing. At the same time, our ongoing research
partnerships provide us with specific insights into emerging needs
and support our development of innovative customer-driven
strategies for clients. We also draw on our in-depth understanding
of key marketing levers to ensure we help craft creative yet
readily implemented strategies.
Sales & Channel Management
Over the
years, we have developed leading-edge approaches to diverse sales
challenges. We combine traditional expertise in business strategy
and customer profitability with a deep understanding of our
clients’ fundamental sales and channel issues: rapidly changing
customer needs, evolving technology, selling models, multiple
channel management, sales force and manager skill building,
compensation and organizational issues, and innovative
go-to-market strategies. Our typical approach to strategy design
involves equal focus on customer needs and the client’s economic
and organizational capabilities. Understanding both customer
segment needs and the client’s cost-to-serve requirements ensures
profitability.
We then work with the client to develop go-to-market strategies
tailored for each customer segment. These strategies frequently
involve selecting the right mix of selling models (consultative
versus transactional) and selling methods (face-to-face versus
technology-enabled). In conjunction with the go-to-market
strategy, we design an implementation plan that takes into account
the roles, skills, organizational capabilities, performance
evaluation, and compensation changes required for the client’s
success. |