Answered By: Peter Z McKay Last Updated: Oct 29, 2014 Views: 1134
Answered By: Peter Z McKay
Last Updated: Oct 29, 2014 Views: 1134
- Customer Intimacy and Other Value Disciplines
By Michael Treacy and Fred Wiersema
Harvard Business Review Jan/feb 1993, Vol. 71, Issue 1, p84-93
To today's customers, value can mean any number of things, from convenience of purchase to after-sale service and dependability. But that doesn't mean companies have to excel at everything. In fact, in a study of over 40 companies, these authors have found that market leaders like Dell Computer, Home Depot, and Nike succeed by narrowing their business focus, not by broadening it. They concentrate on one of three value disciplines--operational excellence, customer intimacy, or product leadership--and align their entire operating model to serve that discipline. Companies like Dell Computer that strive for operational excellence try to deliver products and services with minimal inconvenience. They tend to be highly centralized, disciplined, and streamlined. Companies like home Depot that focus on customer intimacy segment their markets precisely and tailor their offerings to match each segment's demands. They always put customer service ahead of low cost. And product leaders like Nike are always looking for the next innovation. They foster an entrepreneurial atmosphere and can commercialize new technologies quickly. Companies should choose a value discipline that fits with their existing capabilities and culture and then push themselves relentlessly to sustain it. And they should willingly change their operations to support that value discipline. INSETS: Masters of two (company use of two disciplines).;Choosing disciplines or choosing customers?.
Business Source Premier Search Statement: "Customer Intimacy"
-
1.BRINGING IT INTO THE RETAIL BOARDROOM - A DIFFERENT APPROACH TO DEVELOPING CUSTOMER INTIMACY.Full Text Available By: Taylor, Sarah. Retail Digest, Spring2010, p50-53, 4p; (ANSubjects: INFORMATION technology; MARKETING; ELECTRONIC commerce; CONSUMER satisfaction; CONSUMER behavior; CONSUMERS' preferences; Electronic Shopping; Business to Business Electronic MarketsDatabase: Business Source PremierPDF Full Text (186KB)
-
2.Calculating customer intimacy: accounting numbers in a sales and marketing department.Detail Only Available By: Cuganesan, Suresh. Accounting, Auditing & Accountability Journal, 2008, Vol. 21 Issue 1, p78-103, 26p; (AN 30040651)
-
3.
Customer Insight and Intimacy in the Silent Commerce Era.Full Text Available By: Xavier, M. J.. IIMB Management Review (Indian Institute of Management Bangalore), Sep2003, Vol. 15 Issue 3, p93-98, 6p; (AN 11206048)
Subjects: CUSTOMER relations; COMMERCE; CUSTOMER services; MOBILE communication systems; TELECOMMUNICATION systems; INFORMATION technology; Wireless Telecommunications Carriers (except Satellite); Satellite TelecommunicationsDatabase: Business Source PremierPDF Full Text (1.1MB) -
4.Customer Intimacy and Other Value Disciplines.Full Text Available By: Treacy, Michael; Wiersema, Fred. Harvard Business Review, Jan/Feb93, Vol. 71 Issue 1, p84-93, 10p, 5 Cartoon or Caricatures; (AN 9307305360Subjects: RELATIONSHIP marketing; MARKETING strategy; COMPETITIVE advantage; STRATEGIC planning; BUSINESS planning; ORGANIZATIONAL effectiveness; MARKETING -- Planning; MARKET segmentation; TARGET marketing; CUSTOMER relations -- ManagementDatabase: Business Source PremierHTML Full Text PDF Full Text (2MB)
-
5.Customer Intimacy.Full Text Available By: Campos, Jose. Executive Excellence, Nov2000, Vol. 17 Issue 11, p8, 2/3p, 1 Black and White Photograph; (AN 3826028)Subjects: CONSUMER behavior; COMMERCIAL products; UNITED States; Commodity Contracts Dealing; Commodity Contracts BrokerageDatabase: Business Source PremierHTML Full Text PDF Full Text (194KB)
-
6.Research Note: Customer Intimacy and Cross-Selling Strategy.Full Text Available By: Akçura, M. Tolga; Srinivasan, Kannan. Management Science, Jun2005, Vol. 51 Issue 6, p1007-1012, 6p; DOI: 10.1287/mnsc.1050.0390; (AN 17531726Subjects: CROSS selling; CUSTOMER relations -- Management; CUSTOMER relations; CORPORATE profits; SELLING; CONSUMERS' preferences; BUSINESS enterprises; DISCLOSURE of information; CUSTOMER information filesDatabase: Business Source PremierPDF Full Text (81KB)
-
7.The Risks of Customer Intimacy.Detail Only Available By: Nunes, Paul. MIT Sloan Management Review, Fall2005, Vol. 47 Issue 1, p15-18, 4p, 1 Color Photograph; (AN 18837356)
-
8.
Academic Journal
Value 2.0: eight new rules for creating capturing value from innovative technologies.Detail Only Available By: Porta, Matt; House, Brian; Buckley, Lisa; Blitz, Amy. Strategy & Leadership, 2008, Vol. 36 Issue 4, p10-18, 9p; DOI: 10.1108/10878570810888713; (AN 34123544)Subjects: STRATEGIC planning; TECHNOLOGICAL innovations; CUSTOMER relations; PERSONNEL management; MANAGEMENT; ORGANIZATION; CUSTOMER services; MARKET segmentation; Human Resources Consulting Services; Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs); WEB 2.0Database: Business Source Premier -
9.What characterises the culture of a market-oriented organisation applying a customer-intimacy philosophy?Full Text Available By: Osarenkhoe, Aihie. Journal of Database Marketing & Customer Strategy Management, Jun2008, Vol. 15 Issue 3, p169-190, 22p; DOI: 10.1057/dbm.2008.14; (AN 3488396Subjects: DATABASES; MARKETING strategy; CUSTOMER relations -- Management; DATABASE marketing; ORGANIZATIONAL learning; FOCUS groupsDatabase: Business Source PremierPDF Full Text (174KB)
Was this helpful? 0 0