Customer profitability - PowerPoint PPT Presentation


Customer and Business Support (CABS) - Enhancing Customer Experience

CABS plays a crucial role in the council service supply chain by managing customer inquiries efficiently. They handle a wide range of services including switchboard operations, housing queries, leisure services, and more. Additionally, CABS works closely with partner services, administers various fu

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How to Delete a Customer in QuickBooks

Deleting a customer in QuickBooks involves a few simple steps. First, navigate to the \"Customers\" menu and select \"Customer Center.\" Find the customer you want to delete, right-click on their name, and choose \"Delete Customer.\" QuickBooks will prompt you to confirm the deletion; ensure you're

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Financial Ratio Analysis and Profitability Ratios Overview

This unit focuses on financial ratio analysis, specifically profitability ratios like gross profit margin, designed to assess a business's financial performance based on its financial statements. By comparing information such as revenues, costs, assets, and liabilities, businesses can evaluate their

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Understanding Federal Customer Experience Initiative

Federal customer experience initiative focuses on improving customer satisfaction with federal services. Services play a crucial role in shaping customer perception and satisfaction, impacting the overall reputation of an organization or brand. By prioritizing customer experience, agencies aim to en

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Understanding Customer Interactions Through Journey Mapping

Customer journey mapping and empathy mapping are essential tools for businesses to comprehend typical customer interactions, decisions, and emotions throughout the product acquisition cycle. By creating representative personas and empathy maps, teams can gain deeper insights into customer needs and

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Understanding Critical to Customer (CTC) and Critical to Quality (CTQ)

Quality is determined by meeting customer needs. Critical to Customer (CTC) Flowdown translates these needs into Critical to Quality (CTQ) aspects. This tool helps organizations identify what is critical to meet customer expectations, serving as a communication tool and guiding improvement projects.

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Importance of Respecting Customer Needs in Customer Service

Respect is fundamental in customer service as it fosters good relationships, loyalty, and satisfaction. Understanding and addressing customer needs, whether product functionality or empathy, are key to delivering effective service. Showing respect through easy access, acknowledging mistakes, prompt

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Understanding Customer Relationship Management (CRM)

Customer Relationship Management (CRM) is crucial for businesses to build and maintain relationships with their customers. It involves collecting and analyzing customer data, implementing strategies to meet their needs, and fostering long-term relationships. CRM benefits both businesses and customer

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Understanding Market Segmentation and Consumer Behavior in Marketing Management

Market segmentation is crucial for companies to effectively target different customer segments with tailored products and marketing strategies. By dividing the market based on characteristics and preferences, businesses can maximize customer satisfaction, improve marketing strategies, and increase p

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Comprehensive Customer Service Training Guide for Project C.A.R.E.S.

This customer service training guide presented by Felicia Brooks-Hamilton aims to ensure world-class service delivery to students, parents, teachers, and stakeholders in educational services. It covers the definition of customer service, its importance, elements, and the mission of Project C.A.R.E.S

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Importance of Good Customer Service in Organizations

Understanding the benefits of good customer service is essential for any organization. Customer service involves meeting customers' needs professionally and efficiently. Good customer service leads to increased sales, customer loyalty, enhanced public image, and a more effective workforce. On the ot

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Understanding Cost of Customer Acquisition (COCA) in Entrepreneurship

Cost of Customer Acquisition (COCA) is a crucial metric in entrepreneurship that calculates how much it costs to acquire a new customer. This metric involves quantifying all sales and marketing expenses related to attracting a customer, emphasizing the importance of understanding the sales process a

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Enhancing Customer Care Strategies: Monitoring, Evaluation, and Improvement

Discover strategies for monitoring and evaluating the quality of customer care, evaluating policies, conducting market research, addressing customer issues, gathering customer feedback through satisfaction questionnaires, and utilizing mystery shopping to improve overall customer experience.

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Understanding Marketing Control and Its Importance in Business

Marketing control is a crucial process for firms to evaluate the impact of their marketing strategies and initiatives, making necessary adjustments for better outcomes. It involves various aspects such as annual plan control, profitability control, efficiency control, and strategic control. The proc

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Covaris Success Story: Trade-in Program and Customer Engagement

Covaris successfully implemented a trade-in program to encourage customers with old units to upgrade to newer models, resulting in increased sales and customer satisfaction. By approaching customers directly, through email, and with the help of local dealers, Covaris was able to guide customers thro

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Leveraging Hyperautomation for Enhanced Customer Engagement at United Airlines

Hyperautomation, integrating RPA with AI, offers United Airlines numerous benefits including improved customer experience, brand loyalty, and increased profitability. Yet, challenges such as customer dissatisfaction, ongoing staffing costs, and potential negative effects like job displacement need t

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Customer Relationship Management in Tourism: Enhancing Loyalty and Referrals

Explore the significance of Customer Relationship Management (CRM) in the tourism sector, focusing on customer loyalty programs, word-of-mouth referrals, and the distinction between customer satisfaction and loyalty. Understand the key terms and forms of customer loyalty to cultivate repeat business

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Electronic Customer Relationship Management (E-CRM) in E-Commerce

In this presentation by Prof. Pampa Jana, the focus is on E-CRM for organization interaction strategies. E-CRM involves managing online customer relations and building long-term customer relationships through technology. Key aspects include assessing customer actions, integrated databases, automated

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Understanding Customer Relationship Management (CRM) for Business Success

Customer Relationship Management (CRM) is a vital business strategy that focuses on shifting goals from traditional seller-oriented approaches to customer-centric models. It aligns business strategies with customer information and technology to foster mutually beneficial relationships. CRM enables b

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Transform Your Restaurant Operations with IntelliBooks Efficiency and Profitability Redefined

Revolutionize Your Restaurant with IntelliBooks: Unleash Efficiency and Profitability\nDiscover how IntelliBooks can transform your restaurant operations with cutting-edge features like eBilling, Smart Inventory Management, and advanced customer enga

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Understanding the Law of Profitability in Capitalist Accumulation

Explore the relationship between the rate of profit, class struggle, and capitalist accumulation. From the general law of accumulation to the law of profitability, examine how displacing labor affects the average rate of profit and learn about Marx's law of profitability. Discover the evidence from

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Customer Journey Mapping Workshop Guide for Understanding Customer Experiences

This guide outlines a structured approach for conducting a Customer Journey Mapping workshop to understand how customers interact with products or services. It provides detailed steps, tools, key stakeholders, and goals for mapping the customer journey effectively. The workshop aims to gain insights

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E-commerce Website Profitability Analysis in France

Evolution of e-commerce website profitability in France is examined, highlighting factors impacting profitability, levers used to monetize website audiences, and the overall profitability landscape. The study reveals insights into the key questions surrounding the profitability of e-commerce website

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Comprehensive Customer Journey Mapping Template for Enhanced Understanding and Experience

Explore a detailed customer journey map template with various stages and prompts to help you analyze customer behaviors and interactions. Also, discover a featured resource on creating customer journey maps from HubSpot Academy to maximize customer experience and enhance your understanding of custom

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Indian Actuarial Seminar on Product Line Profitability and Risk Management

Explore the discussions at the 26th Indian Fellowship Seminar focusing on product line profitability, claims volatility, peak risks, sustainable product mix, and risk management in the field of actuarial science. Learn about the importance of product line profitability, how it is quantitatively and

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Effective Customer Relationship Management Strategies

Implementing Customer Relationship Management (CRM) can increase customer loyalty, minimize customer defection, and identify target customers. Learn how to enhance customer satisfaction, gain loyalty, and address reasons for customer loss through innovative strategies.

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Cashier Training for Resolving Customer Problems

This training covers essential aspects of cashier and CSR roles, such as answering customer queries, resolving issues, involving managers when necessary, and handling customer feedback effectively. It includes topics like special terms, common customer questions, handling customer problems, manager

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Enhancing Customer Experience Through Touchpoint Optimization

Explore strategies to improve customer journey experiences by focusing on touchpoints. Learn how to create delightful interactions, identify pain points, and build service blueprints for a seamless customer experience. Utilize customer data to map journey steps and emotional responses, ultimately en

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Unveiling the Gross Profitability Premium in Financial Markets

Delve into the profound relationship between book-to-market ratios, gross profitability, and expected returns in financial investments. Learn how gross profit is a key indicator of true economic profitability and how it is utilized as a measure of productivity. Explore valuable insights on the inter

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Creating Customers for Life: The Golden Customer Rule and Emotional Loyalty

Learn how to create customers for life by implementing the Golden Customer Rule, understanding customer emotions that drive buying and loyalty, and focusing on customer service management best practices. Discover the importance of building strong relationships, being responsive and rewarding, and of

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Factors Affecting Profitability and ROI in Advertising

Understanding the key drivers of profitability and return on investment (ROI) in advertising is crucial for businesses. Factors such as brand size, advertising budget levels, interaction of budget and brand size, creative executions, and the impact of creativity on ROI play significant roles in shap

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Effective Customer Service Strategies and Communication Techniques

Explore the key aspects of customer service, ways to communicate effectively, and the importance of providing exceptional service to meet and exceed customer needs. Learn about customer service definitions, comparing service levels between businesses like McDonald's and Gordon Ramsay's restaurants,

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Enhancing Financial Reporting with Prophix at Danby since 1947

Danby, operating since 1947, faced challenges in consolidating data from multiple ERPs, leading them to adopt Prophix over Cognos. The Prophix solution provided detailed sales reporting, customer and product profitability insights, and universal mapping for streamlined financial operations. By lever

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Understanding Customer Satisfaction and Its Impact

Customer satisfaction is crucial for businesses to thrive. Different types of customers, such as current, indirect, potential, and lost customers, play a significant role in shaping the success of an organization. Neglecting to measure customer satisfaction can lead to lower sales, reduced profits,

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Enhancing Customer Retention Through Value-Added Tools and Strategies

In today's competitive market, ISPs must focus on developing customer-centric content and applications to increase customer loyalty. By understanding the main churn reasons and implementing tailored retention approaches such as product parameter improvements and price reductions, ISPs can effectivel

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Understanding Critical Customer Needs for Project Success

Explore the concept of Critical to Customer (CTC) by identifying the essential features necessary to satisfy both internal and external customers. Learn how to apply techniques like CTC Flowdown and determine Critical to Quality (CTQ) factors. Discover how to develop a CTC tree to link project outpu

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GameStop Future Strategy Presentation Highlights

GameStop's upper management received a detailed presentation on the future strategy crafted by George Sherman & team. The presentation covered key areas such as store traffic, sales, margins, profitability, and stock price. It outlined the need for enhancing the in-store experience, expanding e-comm

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Visual Elements and Customer Journey Overview

Understand the key visual elements and symbols used in mapping a customer journey. Explore touchpoints, actions, and activities that define the customer journey phases. Learn how to represent touchpoints and interpret their status through visual symbols. Dive into the onset of a customer journey and

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Understanding Quality Function Deployment (QFD) in Product Design

Building quality into a product involves translating customer expectations into specific technical requirements. Quality Function Deployment (QFD) is a valuable tool for this purpose, enabling the analysis of relationships between technical and customer requirements in product design. By identifying

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HUD Customer Experience Transformation Initiatives Summary

HUD embarked on a journey to enhance customer experience (CX) by forming the Customer Experience Transformation Team (CXTT) and conducting a CX Assessment. Through various initiatives like redesigning websites using human-centered design, introducing Voice of the Customer tool, and modernizing conta

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