Initiatives
Success is all about taking an holistic approach. You can’t fix one area by itself – they all have to be fixed together. What companies need is the following ‘Vital-7’ initiatives:
V7-1. Alignment between business goals, strategy and CRM objectives. The business goals and strategy will outline the value proposition that the company is offering; the target customers the company wants to win and retain – typically a disproportionate amount of profit comes from a small section of the customer base; the deliberate strategies to find the best customers; the strategies to either migrate up or out for low and negative-value customers; and the benefits to the company as a whole.
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