Customer Relationships
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REIMAGINEMARKETING FINANCE PEOPLE STRATEGY CREATIVE MEDIA ANALYTICS Customer relationships REIMAGINE MARKETING 1 "Trust is the glue of life." -Stephen Covey 2 REIMAGINE MARKETING "Trust is the glue of life." -Stephen Covey REIMAGINE MARKETING 3 1500x500 400x400 DEEP DIVE Explore these informational and educational articles written to provide applicable knowledge to help improve your marketing. 24 BRIEFS Briefs provide an overview of important FINANCE and emerging PEOPLE marketing topics. STRATEGY CREATIVE BYTES 38 MEDIA Bytes offer a quick glance at some ANALYTICS new data, insights, and ideas. 4 REIMAGINE MARKETING 8 CUSTOMER RELATIONSHIP microsoft MANAGEMENT Customer Relationship Management in the Age of the Customer. 12 uFAQ: THE UN-FREQUENTLY ASKED QUESTIONS Answers to the questions you’ve always had but never wanted to ask. 16 INTERVIEW: JEFF MARCOUX Jeff Marcoux, CMO Lead of Microsoft 52 Worldwide Enterprise Marketing, shares his thoughts on marketing and customer relationships. DEEP DIVE 20 VERSUS: SOCIAL VS SEARCH Explore these informational and educational articles SHOWDOWN written to provide applicable knowledge to help As social media sites and search engines improve your marketing. fight for customers, we compare them to show you how to get the greatest return from each. 22 EMERGING IDEAS Explore how 3D printing, Bitcoins, and :60 smart materials are shaking up industries. 54 CUSTOM TAILORED Custom tailor a campaign. Target the right people with the right message at the right place at the right time. 74 THE SCIENCE OF CUSTOMER RELATIONSHIPS See how insights from the science world can help you build better relationships with your customers. 82 FAILURE TO LAUNCH Avoid these CRM implementation and system failures. Learn how to come in on time and on budget. REIMAGINE MARKETING 5 RELATIONSHIP MANAGEMENT Customer Relationship Management in the Age of the Customer is causing businesses to evolve their customer experiences. ustomer relationship management (CRM) is a business strategy for optimizing marketing, sales, and customer service activities to attract new and C retain existing customers. As access to information, social media, and mobility have created a new breed 243% of customers, companies must evolve their CRM strategies, techniques, and technologies to achieve a new panoramic view of Average ROI from using their customers. Through this evolution, it is possible to improve Microsoft Dynamics CRM interactions with customers in ways that maximize top line (Forrester Research, 2011) revenue and bottom line profitability. 6 REIMAGINE MARKETING Want to learn more? Visit Microsoft.com/Marketing and download the complete white paper on Customer Relationship Management in the Age of the Customer. MANAGEMENT The age of the customers will return year performance of Disruptive customer or turn to a competitor companies who were technologies We’ve moved from – is a deliberate ranked as leaders or The Age of the the Age of Information strategy for every laggards in customer Customer is enabled to the Age of the business organization. experience. The by technologies that Customer. Consumers And while all leaders’ returns were provide customers have more options businesses will say 128% higher than with more choices and than ever before, with they put customers that of the laggards, capabilities than they information on each first, it’s those who and 27% higher have ever had before. choice available at are proactive in than the S&P 500. These technologies their fingertips. It has improving customer Delivering leading are changing the way become paramount for experiences that will customer experiences customers interact brands to ensure that find much greater allows organizations with brands and customer experience success. In 2012, to dramatically consequently, the way – the single greatest Watermark Consulting outperform the brands interact with predictor of whether looked at the five- market. customers. They are REIMAGINE MARKETING 7 also extremely interconnected, even mean that the mobile Create a single view of the a new challenge for brands experience is only an accessory customer looking to deliver a unified and to the experiences happening While creating a panoramic, consistent story across multiple around it and not “the single view of a customer isn’t channels. experience” within itself. Mobility a new concept, it has previously offers new opportunities beyond been focused on analytics. Social networking mobile websites and apps. CRM now operationalizes that Social networks have Organizations that keep this in single view through technology empowered consumers by mind and use the opportunity solutions that collect data giving them a voice in a way to refocus and revitalize the and use predictive techniques they’ve never had before. These customer experience will reap to determine which offers platforms are always on, and the the greatest benefits. to make to which customers speed of feedback has raised and segments. These tools customer expectations when What today’s customer wants help brands align digital and engaging with brands on social Today’s armed-with-information offline marketing; create networks. Furthermore, they customer seeks three things demand through personalized, provide a quantifiable social from their experience. First is automated, and timely proof that can add or detract personalization. Customers communications that are built value from a brand. Social media increasingly determine how they upon real time data; and provide and content management want to be marketed to, sold deeper insights by organizing tools can help brands manage to, and served. Secondly, they data across and beyond the the speed, volume, and want a seamless experience customer journey. collaboration needed for regardless of time, location, or meaningful engagement on device. Lastly, they want a unique Adapting to the new journey social networks, but first, it is engagement that delivers an A customer-centric approach important that these social exceptional experience and a is a crucial starting point for efforts are aligned with the great sense of empowerment organizations seeking growth in larger brand strategy and and convenience. In summary, their marketing-related business story that’s occurring across all putting the customer at the strategies. The importance of customer touch points. heart of the business means this process in facilitating CRM delivering customer experiences cannot be overstated. Do not Mobility that are personal, seamless, and make the mistake of believing Mobile devices are rapidly differentiated. that your own customer changing how and where development lifecycles reflect customers access information the way all customers perceive about brands and products, the purchasing process, which bringing a new level of typically follows a cycle of immediacy and ubiquity to ENGAGE TRANSACT engagement, transaction, brand interactions. When fulfillment,and service. When developing mobile experiences, thoughtfully implemented it is important to consider both with a focus on optimizing how the information is being customer experiences, CRM displayed on a smaller screen can help organizations increase as well as the user intent and SERVICE FULFILL productivity, provide superior context within which they are service, and implement effective using their devices. This may marketing communications. 8 REIMAGINE MARKETING CRM UFAQ INTERVIEW VERSUS EMERGING IDEAS AWARENESS ENGAGE INTEREST DESIRE TRANSACT ACTION Pre-Purchase Post-Purchase PURCHASE FULFILL USAGE POST-PURCHASE NON-USE DISSONANCE EVALUATION SERVICE SATISFACTION , the customer journey is becoming increasingly complex. Consumers interact with COMPLIANT BEHAVIOR PRODUCT DISPOSAL CUSTOMER JOURNEY JOURNEY CUSTOMER Age of the Customer Age of INCREASED USE COMMITTED REPEAT SWITCHED DISCONTINUED CUSTOMER BRANDS USE In the brands through a growing number of touch points and through a two-way dialogue that hasn’t existed previously. existed hasn’t that dialogue two-way a through and points touch of number growing a through brands REIMAGINE MARKETING 9 uFAQ Answers to the questions you’ve always wanted to ask. 10 REIMAGINE MARKETING UNFREQUENTLY ASKED QUESTIONS What is transmedia story- ages, video, and audio mes- mary of the seven main re- telling? sages between cell phone us- quirements: Transmedia storytelling is a ers. It has become popular for concept whose roots can be a few reasons. First, compared 1) Don’t use false or mislead- traced back to the 1970s, but to most carrier SMS plans, it ing header information, in- it has surged into the main- is inexpensive. The app is free cluding who the email is from. stream in the last few years. to use for the first year and Transmedia storytelling is a then $.99 a year after that. 2) Don’t use deceptive subject technique where a story is Second, it is cross-platform. lines. told across time using mul- It doesn’t matter if you’re on tiple platforms or formats. It a Windows Phone, iPhone, or 3) Clearly identify the mes- requires unique content for Android. Third, it works inter- sage as an advertisement. different channels. This con- nationally for no extra cost. tent is linked like a puzzle and Users can send messages 4) Include your physical ad- synchronized to create a sin- between countries, and even dress in the message. gular, unified experience. if you don’t have cell phone service in another country, as 5) Include clear and simple in- Unlike more traditional long as you’re connected to structions on how to opt-out cross-platform media expe- WiFi, you can still send mes- of receiving future messages. riences which may replicate sages through WhatsApp. content or have content that 6) Honor all opt-out requests exists on one platform inde- The application currently has promptly, within 10 business pendent of the others, trans- around 450 million active us- days of receiving the request. media stories are a sum of ers worldwide. The global au- their different parts and all dience size is one of the rea- 7) Monitor what others are parts are required, often in sons Facebook is said to have doing on your behalf. You are sequence, to complete the made the acquisition. The still legally responsible, even if experience.