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Driving Customer Equity Roland T Rust

Driving Customer Equity By Roland T Rust

Driving Customer Equity by Roland T Rust


$10.00
Condition - Good
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Summary

The first book to prepare businesses for the new service millenium, in which Customer Equity, the total lifetime value of a firm's most valuable customers, will replace Brand Equity as a firm's chief asset.

Driving Customer Equity Summary

Driving Customer Equity: How Customer Lifetime Value Is Reshaping Corporate Strategy by Roland T Rust

Services will dominate our GNP in the new millennium, and in the service economy the customer is king. Brands will continue to be important, but the most important challenge facing businesses will be the succesful cultivation of profitable customer relationships. Now the authors, all customer service experts, introduce a radical model: the Customer Equity Framework, which changes a firm's old internal focus on price, promotion, product, and distribution to a new external focus on measuring, managing, and building Customer Equity. The drivers of Customer Equity include Value Equity, the customer's objective evaluation of the firm's products and service; Brand Equity, the customer's subjective product assessment; and Retention Equity, the customer's opinion of his or her relationship with the firm. The authors show how to measure each element, then reveal actions every firm can take to strengthen the performance of these key drivers. Providing concrete tools like a Customer Pyramid, DRIVING CUSTOMER EQUITY will revolutionise the way companies look at customers. With important information for Internet marketers - and insights into how important customer loyalty will be to Internet business success.

Driving Customer Equity Reviews

Gary W. Loveman COO, Harrah's Entertainment, Inc. Customer equity is the key concept around which we have distinguished Harrah's Entertainment as a customer relationship-driven company in a product-centric industry. The ideas in this book have paid big dividends for us.
David Shoenfeld Senior Vice President, Worldwide Marketing, FedEx Make customer equity the focus of your brand management and investment strategies with an eye toward customer lifetime value, and unlock the potential that your customers truly represent.
David K. Findlay CEO, DuPont Flooring Systems, Inc. Driving Customer Equity puts the focus of strategic thinking back on the customer. It provides an intriguing set of frameworks and evaluation processes on which to build business models in tune with today's competitive realities.
Lance Rosenzweig CEO, PeopleSupport.com Exciting to read -- business owners and managers in all industries can quickly apply these brilliant insights and practical examples to make key decisions to increase the value of their businesses.
Serban Teodoresco VP Operations, DiverseyLever Consulting, Unilever Group An insightful and powerful new model for establishing clear strategic priorities. Faced with fast wealth migration in their industry and customers with more options than ever, companies will need such models if they want to remain competitive.
Don Peppers and Martha Rogers Partners, Peppers and Rogers Group Read this book before your competitors do. It will help you get a handle on customer value and loyalty as must-know metrics in the new economy.

About Roland T Rust

Roland T. Rust is the Madison S. Wigginton Professor of Management and Director of the Center for Service Marketing at the Owen Graduate School of Management of Vanderbilt University.

Table of Contents


Contents

Preface

Acknowledgments

Part I

Beyond Brand Equity


1. The Case for Customer Equity

2. The Profitable Product Death Spiral

3. The True Lifetime Value of the Customer

Part II

The Customer Equity Framework


4. A Framework for Customer Equity

5. Driving Value Equity

6. Driving Brand Equity

7. Driving Retention Equity

Part III

Customer-Centered Strategy


8. Measuring Customer Equity

9. Evaluating Financial Impact

10. Strategic Analysis

Part IV

Managing Customer Equity


11. The Customer Pyramid

12. Managing the Customer Pyramid

13. Customer Alchemy

14. The Internet as the Ultimate Customer Equity Tool

15. The Customer Equity Corporation

Appendices

3.1 Obtaining the Lifetime Value

8.1 Example of Customer Survey

10.1 Calculating the Importance of Customer Equity Drivers

Notes

Index

About the Authors

Additional information

GOR006254546
9780684864662
0684864665
Driving Customer Equity: How Customer Lifetime Value Is Reshaping Corporate Strategy by Roland T Rust
Used - Good
Hardback
Simon & Schuster
20001204
304
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Driving Customer Equity