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Chapter  5: Creating Customer Value, Satisfaction and Loyalty The Top Ten Concepts:  With RP Medical Applications Victoria Lorelie “ Girlie”  M. Tan V49 Marketing Management April, 2010 www.victorialoreliemtan.blogspot.com
Chapter 5 Outline ,[object Object],[object Object],[object Object],[object Object],[object Object]
Concept 1: Product and Service Quality means  The Ability  to satisfy Needs. ? SOFTDRINKS COLD CUSTOMER NEEDS FEATURES OF PRODUCTS SATISFY Definition 3 WATER
Concept 1: Product and Service Quality means  The Ability  to satisfy Needs. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Definition 4
Concept 2: Customer Satisfaction will depend on  Experience vs. Expectations EXPERIENCE EXPECTATIONS VS. Definition 5
  Concept 2: Customer Satisfaction will depend on  Experience vs. Expectations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Definition 6
Concept 3: Customer Loyalty is being  “ TRUE-BLUE”  TRUE-BLUE TOYOTA COLGATE Definition 7
  Concept 3: Customer Loyalty:  “ TRUE-BLUE”  ,[object Object],[object Object],[object Object],[object Object],[object Object],Definition 8
Concept 4: Customers on TOP  Business Model is the best. CUSTOMERS ,[object Object],[object Object],[object Object],How 9 CUSTOMERS
Concept 4: Customers on TOP VS. Traditional Model CUSTOMERS VS. How 10
Concept 4: Customers are on TOP!!! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How 11
Concept 5: Customer Perceived Value (CPV) = Benefit - Cost? CUSTOMER COSTS CUSTOMER BENEFITS PRODUCTS VS. SERVICES PERSONNEL IMAGE MONETARY TIME ENERGY PSYCHOLOGICAL How 12
  Concept 5: Steps in Customer Value Analysis. ,[object Object],[object Object],COST  RANK BENEFITS  RAN K PRICE  6  QUALITY  9 TIME  8  SERVICES  7 ENERGY  5  PERSONNEL  4 IMAGE  8  PSYCHOLOGICAL  8 TOTAL  27  TOTAL  28 How 13
  Concept 5: Steps in Customer Value Analysis. ,[object Object],[object Object],  COST  BENEFITS COMPANY  27  28 COMPETITORS  32  20 CUSTOMER  32  32  How 14
  Concept 5: Steps in Customer Value Analysis. ,[object Object],[object Object],EXAMINE PRICE & MONITOR How 15
  Concept 5: Customer Perceived Value (CPV) = Benefit - Cost? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How 16
Concept 6: Customer Profitability:  Net Positive Value REVENUES COSTS ,[object Object],[object Object],[object Object],Labor Cost Materials Overhead How 17
  Concept 6: Customer Profitability:  Net Positive Value ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How 18
Concept 7: Customer Relationship Mgt.:  Managing customer touch points COSTS SPEED CUSTOMER  FEEDBACK LISTEN U How 19
Concept 7: Customer Relationship Mgt.:  Managing customer touch points ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How 20
Concept 8: Customer Relationship Mgt.:  Retention Dynamics IDENTIFY POTENTIALS ? GOOD BAD 1 ST  TIME REPEATS CLIENTS PARTNERS MEMBERS How 21
  Concept 8: Customer Relationship Mgt.:  Retention Dynamics ,[object Object],[object Object],[object Object],[object Object],[object Object],How 22
Concept 9: Customer Relationship Mgt.:  Personalizing Marketing CLIENTS R’ INDIVIDUALS TECHNOLOGY INSTITUTIONAL TIES WIN - BACK How 23
  Concept 9: Customer Relationship Mgt.:  Personalizing Marketing ,[object Object],[object Object],[object Object],[object Object],[object Object],How 24
Concept 10: Customer Database:  Uses in Marketing PATIENT DATA CUSTOMER DATABASE COMPUTER SYSTEM How 25
Concept 10: Customer Database:  Uses in Marketing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],How 26
Summary: Customer is No. 1 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Summary 27
Chapter  5: Creating Customer Value, Satisfaction and Loyalty The Top Ten Concepts:  With RP Medical Applications Victoria Lorelie M. Tan V49 Marketing Management April, 2010

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C:\Fakepath\Final Customer Value, Satisfaction And Loyalty

  • 1. Chapter 5: Creating Customer Value, Satisfaction and Loyalty The Top Ten Concepts: With RP Medical Applications Victoria Lorelie “ Girlie” M. Tan V49 Marketing Management April, 2010 www.victorialoreliemtan.blogspot.com
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  • 3. Concept 1: Product and Service Quality means The Ability to satisfy Needs. ? SOFTDRINKS COLD CUSTOMER NEEDS FEATURES OF PRODUCTS SATISFY Definition 3 WATER
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  • 5. Concept 2: Customer Satisfaction will depend on Experience vs. Expectations EXPERIENCE EXPECTATIONS VS. Definition 5
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  • 7. Concept 3: Customer Loyalty is being “ TRUE-BLUE” TRUE-BLUE TOYOTA COLGATE Definition 7
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  • 10. Concept 4: Customers on TOP VS. Traditional Model CUSTOMERS VS. How 10
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  • 12. Concept 5: Customer Perceived Value (CPV) = Benefit - Cost? CUSTOMER COSTS CUSTOMER BENEFITS PRODUCTS VS. SERVICES PERSONNEL IMAGE MONETARY TIME ENERGY PSYCHOLOGICAL How 12
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  • 19. Concept 7: Customer Relationship Mgt.: Managing customer touch points COSTS SPEED CUSTOMER FEEDBACK LISTEN U How 19
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  • 21. Concept 8: Customer Relationship Mgt.: Retention Dynamics IDENTIFY POTENTIALS ? GOOD BAD 1 ST TIME REPEATS CLIENTS PARTNERS MEMBERS How 21
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  • 23. Concept 9: Customer Relationship Mgt.: Personalizing Marketing CLIENTS R’ INDIVIDUALS TECHNOLOGY INSTITUTIONAL TIES WIN - BACK How 23
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  • 25. Concept 10: Customer Database: Uses in Marketing PATIENT DATA CUSTOMER DATABASE COMPUTER SYSTEM How 25
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  • 28. Chapter 5: Creating Customer Value, Satisfaction and Loyalty The Top Ten Concepts: With RP Medical Applications Victoria Lorelie M. Tan V49 Marketing Management April, 2010