a tale of two brands- the tectonic shifts in global business and customer experience management
DESCRIPTION
David Ashton, VP Consulting Services and Misia Tramp, VP of Insight and Innovation, presented to Gartner Customer 360 Summit in San Diego, CA on May 2, 2013, on the tectonic shifts in global business and customer experience management.TRANSCRIPT
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A tale of two brands
Title
• The tectonic shifts in global business and customer experience
management.
Abstract
• Three things are converging right now to completely change the way you
need to think about customers and are impacting your business today,
whether you know it or not. The three are demographic, social and
technological. These three converging themes have fundamentally shifted
the possibilities for global business. Put these together and the face of
business today is different than ever before. These are the amazing
tectonic shifts for your business in the next era. Are you ready?
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SDL Proprietary and Confidential SDL Proprietary and Confidential
The tectonic shifts in global business and customer experience management
Gartner 360 Summit
David Ashton VP Consulting Services May 2, 2013
Misia Tramp VP of Insight and Innovation May 2, 2013
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Title
• The tectonic shifts in global business and customer experience
management.
Abstract
• Three things are converging right now to completely change the way you
need to think about customers and are impacting your business today,
whether you know it or not. The three are demographic, social and
technological. These three converging themes have fundamentally shifted
the possibilities for global business. Put these together and the face of
business today is different than ever before. These are the amazing
tectonic shifts for your business in the next era. Are you ready?
A tale of two brands
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Tectonic shift #1: Context
•While you were sleeping your customer moved to China…
• The “emerging economy” has emerged*. Sub-Saharan Africa has the largest growth in interconnectedness of any economic region worldwide.*
• Markets you have traditionally ignored are outgrowing everyone.
*Silverstein, Singhi, Laio and Michael 2012
** DHL Global Connectedness Index 2012
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A tale of two brands
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Tectonic shift #2 Convergent
• The iPhone didn’t start the current consumer technology wave. It wasn’t event the first smartphone.
• It may not have started it, but it did start the current wave of technology driven consumer power.
• Today consumers expect to be able to connect with you through THEIR choice of channel.
• Tomorrow they will demand an integrated sensory feast.
• And the brands that make a genuine one to one information connection to consumers will be the automatic winners.
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Tectonic shift 3: Culture
• Musical performance wasn’t
the only candidate for this
mashup.
• The key to understanding the
customer of the future is in
understanding how much
society has shifted since we
were the new kids on the
block.
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The customer of tomorrow
• To prepare for tomorrows opportunity we have to understand tomorrow’s customer and the world in which they live.
• While the fundamentals of “people” have not changed, the world they live in has.
• To win their business we must understand them. Always on
The customer of
tomorrow
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Context…. …it’s about human nature
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The common mistakes brands make…
10
Business success
Suggest the
desired behavior
Give the customer what they
ask for
Everybody wins
They exhibit the desired
behavior
You get commitment from them
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What actually happens….
11
Business success
Suggest the
desired behavior
Give the customer what they
ask for
Everybody wins
They exhibit the desired
behavior
You get commitment from them
60-80%
don’t do
what
they say
Expected targets
are missed
Nobody
is happy
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Ensuring the fair exchange
12
Customer commitment
• Customers behave predictably
• Business is predictable
Give them what they
need
• Orchestrate and personalize this engagement with this customer
Insight
• What does this customer need to achieve the joint goals
Know your business
• Who are my customers?
• What are my goals?
This is customer experience management
Measure,
learn & Act
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Creating a fair exchange
Meet both these objectives through a managed customer
experience
Customers expect
Companies expect
1. to engage with and be engaged by the brands that impact their life
2. to engage through all the communication media available - online, offline, social and digital
1. a measurable return on the investment in customer engagement activities
2. predictability of customer acquisition, retention and value
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Experience is the new differentiator
14
• Slide here about why getting the customer experience right is so
important
• Invented new category because circus
animals were too expensive
• Theather-circus is all about experience
• As a result grew from 2 street performers
to estimated $1B business
• Very high profit margin for type of
business (25%)
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Driving measurement from your business goals
Shops Advocates Shares
Your ideal customer is one who…..
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There are international differences in motivations for sharing
Source: OTX
POWNAR Study 2010
ALTRUISTIC SHARING STATUS BROADCASTING
MY NETWORK’S & INDIVIDUAL FRIENDS’ INTERESTS
TO AMUSE MY NETWORK LAUGH
WORK RELATED
HEADLINE WILL GET ATTENTION
SHOW WHAT I’M INTERESTED IN
Reasons for sharing news content with friends/family
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Global uplifts in brand driven by shared news
Aided
Ad
Recall
Correct
Branding
Consider
brand
Recommend
brand
Favour
brand SHARE
+16% +12% +12% +19% +27%
% uplifts are increases from« non recommended content » (control sample) to « recommended content » sample
Source: OTX
POWNAR Study
2010
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Defining a global customer engagement strategy
Three pillars of a managed customer experience
Insights
Customer Journey
Personalization Orchestration
Customers
ConsiderResearch
Typical customer journey
Evaluate
Buy
Advocate
Usage
EngageLoyalty Loop
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ConsiderResearch
Evaluate
Buy
Advocate
Usage
Engage
Customers
SMS
E-CommerceStores
Social
NetworksMobile Apps.com &
Campaign Sites
TV Ads
Print Ads
In-store
Video
Web &
Search Ad’s
Review
Sites
Call Center
Documentation
Touchpoints
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Customer Insights
Take data from all sources and create both a customer view AND a market segmented view.
Multimedia
video data
App Analytics
CRM DataGeographic &
Demographics data
Social
Coversations
Transactional
DataWeb
Analytics
Email and
SMS Analytics
Insights
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Now you have what you need to define actions for each customer wherever they are in their journey.
Global
Orchestration
ComplianceProduct
Development
Corporate
Communications
Other system
IT
Localization &
Translations
SupportMarketing
Orchestration
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Each customers digital experience is tailored to their needs, regardless of channel (traditional, digital or interactive).
Digital Experience
SMS
E-CommerceStores
Social
NetworksMobile Apps.com &
Campaign Sites
TV Ads
Print Ads
In-store
Video
Web &
Search Ad’s
Review
Sites
Call Center
Documentation
Touchpoints
Customer Journey
Personalization
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A managed customer experience
23
Customer Insights
Multimedia
video data
App Analytics
CRM DataGeographic &
Demographics data
Social
Coversations
Transactional
DataWeb
Analytics
Email and
SMS Analytics
Global
Orchestration
ComplianceProduct
Development
Corporate
Communications
Other system
IT
Localization &
Translations
SupportMarketing
Digital Experience
SMS
E-CommerceStores
Social
NetworksMobile Apps.com &
Campaign Sites
TV Ads
Print Ads
In-store
Video
Web &
Search Ad’s
Review
Sites
Call Center
Documentation
Touchpoints
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What do you think?
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How the IT community defines CXM
25
“While technology features/products are greatly expanding and the average Joe is able to afford to be active, I feel we are just seeing the tip of what is to come. Companies though have a greater challenge to get their departments to talk with each other so when products are delivered to the public, it appears as a cohesive plan rather than a mess, e.g. you've reached the wrong department concept. These are exciting times to work in technology!”
CXM isn’t just CRM with a new middle letter
With the technology that we have available today, there is no reason for such
a disjointed feel to interaction. It clearly is not a priority in many companies.
With so many companies trying to squeeze every dollar out of their existing IT
staff, this appears as though it has not floated to the top of the priority list and
what a shame it is.”
The customer experience should be
seamless, and in today’s environment
must exceed the customer’s
expectations.”
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The sacred cows of CXM make great burgers
26
“IT professionals
don’t care about the customer”
“NPS is the only metric you need”
“CXM is just a new term for
better customer service”
“A centralized CRM
database provides a 360 view of
the customer”
“A managed customer
experience is only important when dealing
with consumers. In B2B it doesn’t
matter”
“I’m not on Twitter
therefore social media isn’t a valid marketing channel”
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• Always focus on the fair exchange
• Being data driven doesn’t lead to a loss in creativity
• CXM is about they intersection between insight, orchestration and
customer journey personalization
Key takeaways
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• Follow @ydris @misiatramp
• Book a SDL Innovation Discovery session. In return we help you
understand the fair exchange you should give to your customers.
Two things we’d like you to do on Monday