What are some strategies for Experience Based Differentiation? This from the Forrester Consumer Forum Blog at the Chicago conference Oct 24/25, 2006. We are always exploring the specific measurements, and tactics to implement customer centric environment.
Ultra-simplification
- Radically reduce offerings and deliver critically important subset of features
- Examples: JetBlue, ING Direct
Online infusion
- Redefine offering by incorporating interactive features into the core product
- Examples: Netflix, Disney Mobile
Value repositioning
- Getting your customers to think about you differently
- Examples: UMPQUA Bank (treats banking like a retail environment, kid-friendly), Post cereal (postopia.com–can’t compete with Kellogg’s for marketing budget, but innovative integration between store, box, and online)
And the guidelines.
Obsess about customer needs, not product features
- Clearly identified target customer segments
- Customer insights drawn from ethnographic and qual research
Reinforce brands with every interaction, not just communications
- Brand is well-defined and communicated to customers as a set of values
- Westpac (“You said…Our goals”)–“Ask once effort”
CXP as competence, not a function
- Execs are involved, not just “bought-in”
- Employees are engaged in, not mandated into, the process
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