Do your customer-facing employees know how to tell your company's story? If not, download this "quick read" to see how investing in messaging development and training can accelerate business growth and profits. Access statistics and advice from Harvard Business Review, Starbucks and more that illustrate how bringing your corporate story to life during the customer experience outperforms investments made in traditional advertising vehicles.
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7 Market Leaders Explain How Employee Training Improves the Bottom Line
1. CREATING A COMPETITIVE ADVANTAGE AND DIFFERENTIATED
CUSTOMER EXPERIENCE
7 Market Leaders Explain How Training Employees on Their
Corporate Story Improves Business Performance
2. Why does one company win more business than another? Why do certain companies retain customers longer than their competition? It’s not because they spend more on media and advertising campaigns. It’s because they spend time, energy and dollars to ensure every employee knows how to bring their corporate story to life in customer conversations. This document includes quotes
from market leaders who understand how infusing a clear, compelling and consistent message throughout the customer experience outperforms traditional advertising investments.
3. 7 STATISTICS AND STATEMENTS
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“ Starbucks is not an advertiser;
people think we are a great marketing company, but in fact we spend very little money on marketing and more money on training our people than advertising.”
— Howard Schultz, Starbucks
Companies that bring their message/ story to life throughout the customer experience spend only 1 percent of annual revenue on paid media while those that don’t have to spend 3–4 percent to get similar results.
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4. 7 STATISTICS AND STATEMENTS 4
“ An organization can only ‘walk the talk’ when its managers deliberately shape its internal reality to align
with its brand promise…(the
brand’s) values must be internalized by the organization, shaping its instinctive attitudes, behaviors, priorities, etc.”
— Alan Mitchell, “Out of the Shadows” Journal of
Marketing Management
The truth is, customers do not engage directly with your brand. They
experience the brand based on the experience (conversations) they
have with your people. “Seventy percent of customers’ brand perception is determined by their experience with your people.”
(Ken Irons, Market Leader)
So the real question becomes: Can you afford not to infuse your corporate message throughout your organization?
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5. 7 STATISTICS AND STATEMENTS 5
“ When making a purchase decision, customers use an average of six different channels, which are often managed by different parts of the organization. That series of interactions highlights a crucial issue in today’s business world: Brands need to work across multiple functions to deliver a coordinated and consistent experience.”
— Harvard Business Review
Companies that excel in delivering a consistent message throughout the customer journey can increase revenue growth 10–15 percent and lower costs 15–20 percent.
(Harvard Business Review)
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6. 7 STATISTICS AND STATEMENTS 6
“ Managing brands is going to be more and more about trying to manage everything that your company does.”
— Lee Clow, Chairman & Chief Creative Officer,
TBWA Worldwide
Those companies that “live” their message and bring it to life throughout the customer experience increased their share price by 6.4 percent while those that didn’t saw share price decline by 4.4 percent.
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7. 7 STATISTICS AND STATEMENTS 7
“ In a competitive world, organizations are realizing that only people can brand products or services — that we are not just selling a branded product but a mass of branded people who support and deliver.”
— Helena Rubenstein, Managing Director, The HR Lab, UK
Engaged organizations grew 3X faster than their competitors. It’s a fact, business performance increases if your people understand your story, internalize it and leverage it in customer conversations. Don’t let messaging development and infusion stand in the way of future success.
(Corporate Leadership Council)
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8. 7 STATISTICS AND STATEMENTS 8
“ Your brand is created out of customer contact and the experience your customers
have with you.”
— Stellos Haji-Ioannou, CEO, EasyGroup
Higher than average levels of employee engagement produce 27 percent more profits, 50 percent more sales and 50 percent higher customer loyalty.
Employee engagement requires a personal understanding of your story (who you are, what you do and the value you deliver).
(Gallup)
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9. 7 STATISTICS AND STATEMENTS 9
“ A brand is no longer defined only by advertising-driven perception. Rather it is defined by the customer’s experience in buying the product; satisfaction in using the product; and the services wrapped around the product with positive consequences.”
— Andrew Cohen, Founder, Exposed Brick
Living your story and aligning it with
your corporate strategy increases revenue growth. Companies that infuse messaging throughout the enterprise experience an operating income growth rate of 16.1 percent versus 7.1 percent for those that don’t.
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