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the pursued benefits of customer loyalty programs
the pursued benefits of customer loyalty programs

... The research is divided in theoretical and empirical parts. The theory starts by defining customer loyalty in order to untangle the different views of it. Loyalty can be divided in to different degrees and the classification is presented in chapter 2.2. Also the benefits of loyal customers are discu ...
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... With a highly technical product that is primarily marketed to a niche target customer segment of software developers, secure online payment system Stripe chose to leverage crowdsourcing to appeal to its target customers’ unique interests. The company hosted a virtual hackathon, encouraging its poten ...
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... capabilities and technologies have put customers in control, placed companies into a transparent fishbowl and created troves of data and ever-evolving channels in which to create, share and communicate. Generating profitable growth within this cacophony of change is exponentially more challenging as ...
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... will tell you that some portion of what they spend on advertising is wasted, but they don’t know which portion. To get at this percentage and optimize their spend, marketers have to focus on learnings over results. This means they have to understand the why behind their marketing results. Marketers ...
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... Inattention to underlying sources of customer value can have substantial ramifications for the business performance of service organizations (Johnson and Selnes 2004). For example, telecommunications companies derive important revenues from the number of phone minutes called per customer (i.e., usag ...
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... stage of the cycle in moving customers to the next stage. The inclusion of market research metrics (e.g., awareness, share of marCEOs and CFOs will expect to receive in future reports on ket, and satisfaction) can provide an insightful backdrop when marketing performance. viewing program or campaign ...
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... of mass marketing, the primary source of value for most companies was their products or brands; today, value is moving to the customer interface. Secondly, marketing’s focus, formerly on advertising-based brand development, has shifted to “below the line” operations capable of driving short-term, me ...
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Customer relationship management

Customer relationship management (CRM) is an approach to managing a company’s interaction with current and future customers. It often involves using technology to organize, automate, and synchronize sales, marketing, customer service, and technical support.
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