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Book Description

How organisations can drive growth in the Customer Economy

The Digital Revolution has changed the business landscape in remarkable ways and will continue to do so. Organisations across industries and around the world are being disrupted and digitised at increasing pace – putting far more power in the hands of both customers and end-consumers. The traditional inside-out, functionally-siloed business model, typical of the product and sales-led growth era is over. The Customer Catalyst shows how organisations can put customers truly at the heart of their business and catalyse genuine, sustainable growth. 

Future business models are no longer about functions – they are beginning to revolve around customers. Customer-led companies will, over time, unpack their static functional activities and transform their structure. Customer advocates already wield massive influence in a customer’s buying process, and this is only set to increase. This is already changing the role and nature of business functions and Sales is no longer seen as the only source of growth. The Customer Economy is placing greater demands on businesses and offers greater rewards to the businesses that meet and exceed customer expectations. This invaluable book will enable readers to:

  • Lead their organisations to more profitable and sustainable growth
  • Transform their organisations to become truly customer-centric with the C-change growth engine
  • Explore in-depth stories from leaders of companies such as Zoom, Signify, Starling Bank, Ritz Carlton, Microsoft and Finastra with frank advice and practical steps to achieve success
  • Help their companies adapt to, and profit from, the new realities of the Customer Economy
  • Gain important insights from business leaders on best practice in key customer-centric growth areas

The Customer Catalyst shows businesses how to survive the transition to the Customer Economy, transform to align around today’s dynamic customer needs, and ultimately, drive sustainable business growth.

Table of Contents

  1. COVER
  2. FOREWORD: ARE YOU READY FOR THE C-CHANGE?
  3. INTRODUCTION
    1. THE CUSTOMER ECONOMY
  4. GROWTH
    1. IT'S THE END OF SALES (AS WE KNOW IT)
    2. SUSTAINABLE GROWTH: DO NOT PLAY THE NUMBERS GAME
    3. FIT FOR THE CUSTOMER ECONOMY: AN OUTSIDE-IN GROWTH MINDSET
    4. EVERY CUSTOMER-LED COMMUNITY CLAIMS TO HAVE THE SILVER BULLET
    5. THE ANGORA RABBIT: WHY DO CUSTOMER-LED TRANSFORMATIONS OFTEN RUN OUT OF STEAM?
    6. ARE YOU READY FOR A C-CHANGE?
    7. DELIVERING THE C-CHANGE: STRATEGIC ADVICE FROM THE EXPERT CONSULTANT
    8. IS A GROWTH MEASUREMENT SYSTEM FIT FOR THE CUSTOMER ECONOMY?
    9. A NEW BUSINESS FOCUS ON CUSTOMER-ORIENTED GROWTH MEASURES
    10. CUSTOMER SEGMENTATION AND BUSINESS FOCUS
    11. WHAT KIND OF BUSINESS RESULTS CAN TRULY CUSTOMER-CENTRIC COMPANIES EXPECT?
    12. CUSTOMER-LED GROWTH TRAILBLAZERS
    13. ZOOM: THE POSTER CHILD FOR CUSTOMER-LED SUSTAINABLE GROWTH
  5. CHAPTER 1: VOICE
    1. C-CHANGE GROWTH DRIVERS
    2. THE ULTIMATE GOAL: A CULTURE OF CONTINUOUS CUSTOMER FEEDBACK AND APPROPRIATE ACTION
    3. WHAT IS VOC?
    4. A FREQUENT REALITY: AN ANNUAL NET PROMOTER SYSTEM (NPS) SURVEY THAT MERELY TICKS THE ‘CUSTOMER FEEDBACK’ BOX
    5. THE BENEFITS OF A MULTIFACETED, REAL-TIME VOC PROGRAMME
    6. BEWARE OF THE COMMON VOC PITFALLS!
    7. SOURCES OF VOC INFORMATION
    8. BRINGING IT ALL TOGETHER – HOW TO MANAGE THIS VOC KNOWLEDGE?
    9. HOW ZOOM LEVERAGED VOC WITH HELP FROM THE ANALYST COMMUNITY
    10. CASE STUDY: CLOSE BROTHERS TRANSFORMS CULTURE AND DRIVES BUSINESS PERFORMANCE WITH A BEST-IN-CLASS VOC
  6. CHAPTER 2: CULTURE
    1. C-CHANGE GROWTH DRIVERS
    2. CEOS TO EMBED A CUSTOMER-LED EMPLOYEE CULTURE
    3. CUSTOMER-LED GROWTH COMES FROM ENGAGED, CUSTOMER-LED EMPLOYEES
    4. BUILDING AN ORGANISATIONAL STRUCTURE FIT FOR THE CUSTOMER ECONOMY
    5. THE IMPORTANCE OF CUSTOMER-LED BEHAVIOURS AND KPIS FOR EMPLOYEES
    6. HR'S OPPORTUNITY TO DRIVE EMPLOYEE-LED CX
    7. THE RISE OF THE CCO
    8. HOW DO YOU DEFINE THE ROLE OF THE CCO?
    9. HOW DID THE ROLE OF CCO START?
    10. WHAT ARE THE GREATEST CHALLENGES THAT CCOS FACE?
    11. THE ALTERNATIVE VIEW: EMPLOYING CCOS, CX PROS AND CSMS IS A WASTE OF TIME AND MONEY
    12. CASE STUDY: BE MY GUEST! HORST SCHULZE, CO-FOUNDER OF THE RITZ-CARLTON HOTEL GROUP, ON CREATING A CUSTOMER-LED CULTURE TO TRANSFORM GUEST EXPERIENCE
  7. CHAPTER 3: EXPERIENCE
    1. C-CHANGE GROWTH DRIVERS
    2. CX: HUMAN FIRST, TECHNOLOGY SECOND
    3. CX, THE RYANAIR WAY
    4. CX: SATISFICING THE CUSTOMER WITH AN OUTSIDE-IN VIEW
    5. CX 101: UNDERSTAND IT IN DEPTH, THEN MAP IT OUT
    6. THE POWER OF CUSTOMER JOURNEY MAPPING
    7. CUSTOMER JOURNEY MAPPING: KEY TIPS AND OBSERVATIONS TO GET IT RIGHT
    8. AVOIDING COMMON JOURNEY MAP PITFALLS
    9. THE POWER OF CUSTOMER ADVOCATES ALONG THE CUSTOMER JOURNEY
    10. VIRGIN MEDIA: DELIVERING SUPERIOR CX IS IN THE DNA
    11. CX: POWER TO THE PEOPLE
  8. CHAPTER 4: TECHNOLOGY
    1. C-CHANGE GROWTH DRIVERS
    2. A SIMPLIFIED, INTEGRATED BACK-END
    3. PROLIFERATING TECHNOLOGY AND TOO MANY CHOICES
    4. SALES AND MARKETING: STOP USING TECHNOLOGY TO GAZE DOWN FUNNELS AND ALONG PIPELINES!
    5. CROSS-FUNCTIONAL, CUSTOMER-LED PROCESSES TO DRIVE TECHNOLOGY DECISIONS
    6. WHEN IT COMES TO SEAMLESS CX, DATA IS UNQUESTIONABLY THE NEW OIL
    7. THE IMPACT OF REGULATION ON A DATA-DRIVEN, JOINED-UP CUSTOMER VIEW
    8. TYING IT ALL TOGETHER: A CUSTOMER OPERATIONS TEAM
    9. USING JOURNEY-ALIGNED SYSTEMS TO PROVIDE A 360-DEGREE CUSTOMER VIEW
    10. THE RISE OF CUSTOMER SUCCESS PLATFORMS, BRANCHING OUT ACROSS THE C-CHANGE GROWTH ENGINE
    11. TECHNOLOGY TO SUPPORT THE CUSTOMER VIEW
  9. CHAPTER 5: DIGITAL
    1. C-CHANGE GROWTH DRIVERS
    2. DIGITAL EXPERIENCE IS THE NEW PRODUCT
    3. PRODUCT MANAGERS ARE BECOMING CUSTOMER CHAMPIONS
    4. A GREAT DIGITAL EXPERIENCE ACCELERATES PROFITABLE AND SUSTAINABLE GROWTH
    5. THE SAME RULE EVEN APPLIES TO PHYSICAL PRODUCTS!
    6. DELIVER A GREAT DIGITAL EXPERIENCE BY KEEPING IT SIMPLE
    7. AI: WILL IT TRANSFORM CX?
    8. A GREAT DIGITAL EXPERIENCE CREATES A VIRTUOUS CIRCLE OF CONTINUOUS CUSTOMER FEEDBACK
    9. DIGITAL PRESENTS ENDLESS POSSIBILITIES TO RE-IMAGINE CX
    10. DIGITAL EXPERIENCES ARE OMNICHANNEL
    11. HOW TO CREATE A GREAT DIGITAL EXPERIENCE?
    12. DIGITAL EXPERIENCE REGULATION NEEDS TO PLAY CATCH-UP OR OTHERWISE INNOVATION WILL JUST WORK AROUND IT
    13. CASE STUDY: HOW STARLING IS DIGITALLY TRANSFORMING THE WAY WE BANK
  10. CHAPTER 6: SUCCESS
    1. C-CHANGE GROWTH DRIVERS
    2. THE PHILOSOPHY
    3. THE DEPARTMENT
    4. THE DISCIPLINE: CSM AS THE CUSTOMER'S ULTIMATE CHAMPION
    5. AN OUTSIDE-IN PERSPECTIVE TO CUSTOMER SUCCESS IS ESSENTIAL
    6. ESTABLISHING A CSM MATURITY ASSESSMENT
    7. ONBOARDING IS THE SINGLE BIGGEST SUCCESS FACTOR IN CUSTOMER SUCCESS
    8. IT IS NOT ALL A BED OF ROSES: HOW TO SOLVE THE TYPICAL CHALLENGES CSMS FACE
    9. HOW DO YOU MONETISE THE CSM?
    10. THE ROLE (AND LACK) OF CUSTOMER SUCCESS LEADERSHIP
    11. ALLOCATE SOFTWARE: A WORLD-CLASS CUSTOMER SUCCESS PROGRAMME IMPROVING PATIENTS' LIVES
    12. KEY LESSONS LEARNED
    13. LOOKING TO THE FUTURE
    14. SLACK: CUSTOMER SUCCESS AT SLACK, THE UNICORN'S UNICORN
  11. CHAPTER 7: HEALTH
    1. C-CHANGE TAKEAWAYS
    2. PUTTING A CUSTOMER HEALTH INDEX (CHI) IN PLACE
    3. OPERATIONAL DATA TOO INTERNALLY FOCUSED? WHAT ABOUT CUSTOMER-LED KPIS?
    4. CUSTOMER HEALTH SCORES: GO DEEP AND OUTSIDE-IN TO UNDERSTAND ROOT CAUSES
    5. CUSTOMER HEALTH: WHAT CAN BE MEASURED?
    6. DO NOT LET PERFECT BE THE ENEMY OF GOOD
    7. CUSTOMER HEALTH: AI AND BIG DATA
    8. AI AND BIG DATA: SOME WORDS OF CAUTION
    9. CASE STUDY: MISYS CATALYSES REVENUE GROWTH WITH THE HELP OF ITS CHI
    10. HOW WAS THE CHI CREATED?
    11. CONFRONTING THE BIGGEST CHALLENGE: CUSTOMER-CENTRIC KPIS!
    12. CASE STUDY: HG – TAKING CUSTOMER HEALTH SCORES TO NEW HEIGHTS
    13. THE POWER OF COMBINING VOC AND CUSTOMER HEALTH
    14. MAKING CUSTOMER HEALTH (AND VOC INFORMATION) ACTIONABLE
    15. CUSTOMER HEALTH AND COMPENSATION MODELS
  12. CHAPTER 8: ENGAGEMENT
    1. C-CHANGE GROWTH DRIVERS
    2. HOW DO YOU CREATE MUTUAL VALUE DURING CUSTOMER ENGAGEMENT?
    3. HAVING A CLEAR VISION AND STRATEGIC OBJECTIVES FOR YOUR CUSTOMER ENGAGEMENT PROGRAMME
    4. HOW DO YOUR CUSTOMERS ENGAGE WITH YOU?
    5. ENSURING LONG-TERM CUSTOMER ENGAGEMENT
    6. WHAT ARE THE KEY STEPS FOR AN EFFECTIVE CUSTOMER ENGAGEMENT PROGRAMME?
    7. CUSTOMER RESEARCH
    8. WHY IS CUSTOMER ENGAGEMENT DATA CRITICAL?
    9. BUILD A ‘PORTFOLIO-BASED APPROACH’
    10. THOUGHT LEADERSHIP
    11. EVENTS
    12. EXECUTIVE EDUCATION PROGRAMMES
    13. CUSTOMER COMMUNITIES
    14. HOW DO CUSTOMER ENGAGEMENT PROGRAMMES BENEFIT YOUR ORGANISATION AND CUSTOMERS?
    15. A FULLY INTEGRATED CUSTOMER ENGAGEMENT PROGRAMME
    16. HOW CAN ACCOUNT-BASED MARKETING (ABM) CONTRIBUTE TO EFFECTIVE CUSTOMER ENGAGEMENT?
    17. SO HOW DO YOU DIFFERENTIATE BETWEEN ABM, CUSTOMER ENGAGEMENT AND CUSTOMER ADVOCACY?
    18. TECHNOLOGY IS A CRITICAL ENABLER FOR ABM
    19. SO, WHAT BENEFITS CAN ABM OFFER YOUR ORGANISATION?
    20. THE TOP THREE LESSONS FOR CEOS/CXOS TO ACHIEVE EFFECTIVE ABM
    21. WHAT IS THE BIGGEST BARRIER TO CUSTOMER ENGAGEMENT?
    22. WHEN DO FAILURES WITH CUSTOMER ENGAGEMENT OCCUR?
    23. HOW DO YOU MEASURE CUSTOMER ENGAGEMENT?
    24. WHAT ARE THE TOP THREE LESSONS FOR CXOS TO ACHIEVE EFFECTIVE CUSTOMER ENGAGEMENT?
    25. WHAT DO LEADERS NEED TO DO TO DRIVE BEST-PRACTICE CUSTOMER ENGAGEMENT IN THEIR ORGANISATIONS?
  13. CHAPTER 9: CO-CREATION
    1. C-CHANGE GROWTH DRIVERS
    2. LAYING DOWN CO-CREATION PRINCIPLES TO MAKE THE ‘C-CHANGE’
    3. SIGNIFY: CO-CREATING FOR INNOVATION AND GROWTH
    4. OVERCOMING BARRIERS TO CO-CREATION
    5. WHAT FAILURES HAVE YOU EXPERIENCED IN DEPLOYING CO-CREATION, AND WHAT HAVE YOU LEARNED FROM THEM?
    6. PLANET FARMS: GROWING CO-CREATION FROM THE GROUND UP!
    7. WHAT WAS THE CO-CREATION PATH FOR PLANET FARMS?
    8. HAVE YOU HAD ANY FAILURES DURING CO-CREATION?
    9. PLANET FARMS' TOP THREE CO-CREATION LESSONS
    10. SEEING THE LIGHT TO CO-CREATE THE IN-STORE CUSTOMER EXPERIENCE AT ALBERT HEIJN, THE DUTCH SUPERMARKET CHAIN
    11. WHAT IS YOUR DEFINITION OF CO-CREATION?
    12. HOW DID CO-CREATION COME ABOUT WITH OTHER PARTNERS: WHO AND HOW?
    13. OUR TOP THREE CO-CREATION LESSONS AT ALBERT HEIJN
    14. WHAT DOES THE FUTURE HOLD FOR CO-CREATION?
    15. EMPERORS AND KINGS
    16. CO-CREATION: A WORD OF CAUTION
  14. CHAPTER 10: ADVOCACY
    1. C-CHANGE GROWTH DRIVERS
    2. TALKING ABOUT A CUSTOMER REVOLUTION!
    3. CUSTOMER ADVOCACY IS THE SHOOTING STAR IN A GALAXY OF INFORMATION
    4. SO, WHAT IS AN ADVOCATE?
    5. THE NEED FOR NEW SKILLS: THE RISE OF THE ‘CUSTOMER ADVOCACY CONSULTANT’
    6. CUSTOMER ADVOCACY TO DRIVE GROWTH
    7. STAGE 1: LISTENING TO YOUR CUSTOMER VOICE TO INFORM YOUR CUSTOMER ADVOCACY STRATEGY
    8. STAGE 2: PROFILING YOUR CUSTOMER ADVOCATES
    9. STAGE 3: MAPPING YOUR CUSTOMER ADVOCATES ONTO YOUR BUSINESS STRATEGY AND PLAN
    10. STAGE 4: JOINT CUSTOMER ADVOCACY AND ENGAGEMENT PLANNING – NURTURE, NURTURE, NURTURE!
    11. GETTING ENGAGED WITH YOUR CUSTOMER ADVOCATES
    12. THE BUSINESS BENEFITS OF NURTURING CUSTOMER ADVOCATES
    13. HOW CAN YOU USE CUSTOMER ADVOCACY TO POWER SALES ENABLEMENT?
    14. CREATING A VIRTUOUS CUSTOMER ADVOCACY CIRCLE
    15. CASE STUDY: MICROSOFT AND ITS CUSTOMERS DOING THE TALKING!
    16. SO HOW DOES MICROSOFT'S CUSTOMER ADVOCACY PROGRAMME OPERATE?
    17. AMBIONICS: BORN TO ENGINEER
    18. HAVE YOU HAD ANY FAILURES WITH CUSTOMER ADVOCACY?
    19. TAKING CUSTOMER ADVOCACY TO THE NEW FRONTIERS
    20. TOP THREE LESSONS OF CUSTOMER ADVOCACY PROGRAMMES
  15. SOME FINAL WORDS
  16. INDEX
  17. END USER LICENSE AGREEMENT
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