Wednesday, May 6, 2020
The Value Of Customer Service As A Competitive Tool Essay
1.1 Explain the value of customer service as a competitive tool There are a number of ways a business can gain a competitive edge: excellent service, top of the range products, professional sales techniques and efficient and effective marketing strategies can contribute to the business and make us a market leader. Listening to our customers and acting on feedback can not only keep our loyal customers but encourage new customers. Having a recipe that incorporates all the above is a simple but effective method. Flanaganââ¬â¢s can gain customer loyalty and support by out-competing businesses that offer similar products and services. We do this through market research which will look at our competitors and look at offering something that our competitors don t. We may be more expensive with some products, but our customer service approach and our brand ensures the customers buy from us. All the staff is regularly trained to ensure that we deliver our promise. This ensures that our staff is given their utmost and even going the extra mile to help them. 1.2 Explain the process of mapping the customer journey and its importance in delivering effective customer service. A customer journey map is a way to describe all the experiences a customer has with your organization and the emotional responses they provoke ââ¬â from their first impression when they walk into the store, to speaking to staff via the telephone or through other communication methods. Customer journey mapping canShow MoreRelatedBusiness Appraisal Through Social Media Analytics1454 Words à |à 6 PagesBusiness Appraisal through Social Media Analytics Introduction: Social media has changed the business models of many organizations in engaging their customers to develop relationship with their products and services. Social media is also used to build their brands and maintain customer loyalty. Following figures gives an idea about scale of social media. According to searchengingewatch.com, worldwide 1.43 billion people had visited a social networking site in the year 2011. Facebook marketing infographicRead MoreEssay about Value Chain Analysis1201 Words à |à 5 PagesValue Chain Analysis Many organizations do not achieve the profits they anticipate by using incorrect methods or models to determine the true costs of products and services. This failure to correctly assess the costs associated with business not only affects the profit margin, but the organizations competitive advantage as well. In order to asses whether the organization is failing to realize optimum resource allocation, the organization should look at the methodology first popularized by MichaelRead MoreComparison of the Resource-Based vs Market-Based View Approaches to Competitive Strategy1474 Words à |à 6 Pagesview as approaches to competitive strategy. To what extent are they rival or complementary views? Competitive strategy, after Porter, came to be defined as the strategy of a business unit which seeks to achieve sustainable Competitive Advantage (SCA). The literature on strategy deems the market-based view (MBV) and the resource ââ¬âbased view (RBV) as two approaches to giving businesses the competitive edge they need to compete in their industries. Aside from having competitive advantage as their ultimateRead MoreA Critical Discussion Of Strategic Model Essay1599 Words à |à 7 Pagescritical discussion of strategic model (Value chain analysis) Value Chain Analysis is a theory first given by Michel Porter. According to him it is a useful tool for working out how a company can create superior value for their customers. He also suggested that the more value a company can create, the more people will be prepared to pay a good price for their product or service. So every company should make some strategic decision how they can improve their value chain. For Banglalink it is very criticalRead MoreAmazons Value Chain Analysis1620 Words à |à 7 PagesValue Chain Analysis In the 1990s, Amazon (Amazon.com) introduced a new business model for entrepreneurs choosing to use the Web as its place of business rather than the traditional brick and mortar companies. Amazonââ¬â¢s e-business and e-commerce business models generated significant revenue for the company and resulted in creating an effective and sustainable competitive advantage for the online retailer. ââ¬Å"Amazon was one of the early movers to recognize the opportunity in both e-commerce and cloudRead MoreCase Study : Mackinnon Equipment And Services1584 Words à |à 7 Pages Synopsis MacKinnon Equipment and Services is a mature business in an established market. The company has gone through several significant changes to include storefront expansions, client profile changes, a brand change, and branching into a new equipment sector. One thing that has remained constant is owner Sandy MacKinnonââ¬â¢s commitment to customer service. MacKinnonââ¬â¢s sees future opportunities for growth primarily through market development in current markets. This executive summary is an overviewRead MoreJyske Bank Case Answer1133 Words à |à 5 PagesJyske Bankââ¬â¢s new positioning or competitive differentiation strategy? Ans: The Jyske Group is Danish bank that is owned and operated as a business. The company attaches great importance to treating their three groups of stakeholders- shareholders, customers and employees ââ¬â with equal respect. If the balance shifts in favor of one or two of the groups, this will be to the long-term detriment of all groups (Zeithmal, Bitner and Gremler 1996). The banks core values are its fundamental cornerstoneRead MoreToyota s Quick Thinking Operations Management Essay824 Words à |à 4 Pagesquick-thinking Operations Management (OM) team responded to the crisis with rapid efficiency, helping it to capture a competitive advantage over other Japanese auto makers and succeed in its recovery from this monumental natural disaster. I. Generating Value A. Evaluate how the company (Nissan) in the case study uses operations management functions to provide products and generate value for its customers. Support your claims with examples from the case study or outside sources. It takes a skilled, prepared, empoweredRead MoreCompany Analysis : Value Chain Analysis Essay1291 Words à |à 6 PagesValue chain represents the internal activities a firm engages in when transforming inputs into outputs. Value chain analysis is a process where a firm identifies its primary and support activities that add value to its final product and then analyze these activities to reduce costs or increase differentiation. Value chain analysis is also a strategy tool used to analyze internal firm activities. Its goal is to recognize, which activities are the most valuable (i.e. are the source of cost or differentiationRead Morecase study1071 Words à |à 5 PagesMia MKT 333, Case Study #5, Snap-On Tools October 17, 2014 Questions: 1. What are the four key components of the Snap-on marketing strategy? The four key components of its marketing strategy is the 4 Ps: Product, Price, Place, and Promotion. Product: Snap-On offers a huge variety of tools, from hand tools to work stations. These tools are made and tested to cater to its customers and meet their demands for quality and long-time performance. It also offers the most comprehensive custom took
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