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The CCO Survival Guide Business Articles | December 19 Cheap Jeff Heath Jersey , 2013
There are fewer than 500 people in the world with the title of CCO, and the average tenure is a mere 26 months, yet the impact they have on a company's bottom line can be profound. This article lays out three key elements of corporate survival for the CCO.


The CCO role is a lonely place. There are fewer than 500 people in the world with this title, and the average tenure is a mere 26 months. Yet the impact CCOs have on a company's bottom line can be profound. They address customer centricity in its primary forms - customer satisfaction, customer retention and customer loyalty - and help develop profitable customer strategies that work for your company because they work for your customers. CCOs have mastered the following three key elements of corporate survival:


1. Drive profitable customer behavior (e.g., customer loyalty, customer experience Cheap Chris Jones Jersey , retention programs, innovation, etc.)


2. Create a customer-centric culture (e.g., corporate commitment, performance metrics, incentives, hiring practices Cheap Tyrone Crawford Jersey , etc.)


3. Demonstrate your value (e.g., contribution to revenue, cost savings, further defining the CCO role, metrics, KPIs, compensation Cheap Geoff Swaim Jersey , etc.)


Driving profitable customer behavior


Boosting customer satisfaction, retention and loyalty are terrific as goals of your customer-centric culture. But just achieving these goals doesn't mean you're particularly profitable, although satisfied and loyal customers tend to drive profitability. The point I am making here is the need to encourage customers to behave in a way that maximizes profits. That requires repeat purchases as well as upselling and cross selling within your productservice portfolio. But if it costs you $10 in customer servicesupport time for every $5 of incremental revenue, you're not driving profitable behavior. You're losing money.


CCOs have proven adept at establishing loyalty programs that reward purchases of the most profitable productsservices based on incentives such as "membership points" that can be redeemed for merchandise, gift cards, etc. This approach builds add-on sales and provides a sense of identity as a "member," which strengthens a feeling of customer loyalty due to entitlement. Another aspect of "profitable behavior" that CCOs recognize is enabling a greater degree of self-service for customers. Things like online ordering Cheap Anthony Brown Jersey , FAQs for problem resolution and online chat all save customers time in obtaining the information they need. As well, self-service, by definition, saves companies time and money compared to serving customers personally by telephone.


Even a short hold queue is bound to frustrate customers, no matter how loyal they are. On the other hand, self-service capabilities enhance the customer experience, leaving the impression that doing business with your company is easy. It's no coincidence that the office store giant Staples has used "That was easy!" as their marketing tag line for a number of years.


Create a customer-centric culture


In the early 1960s when the phrase "corporate culture" was introduced Cheap La'el Collins Jersey , the tongue-in-cheek question was, "What's that? Industrial-strength yogurt?" By now this phrase is part of everyone's business lexicon. But customer centricity is a much more recent phenomenon and not necessarily fully integrated with the corporate culture movement. Consider that IBM, which historically ranks among the most-admired US companies, proclaimed 1987 as the "Year of the Customer" in its annual report that year. So presumably in 1988, IBM resumed business as usual and became indifferent to customer-centric issues.


The point is, of course, that customer centricity is not a one-hit wonder. The commitment to customer satisfaction Cheap Kavon Frazier Jersey , retention and loyalty should be part of the identity - the DNA - of an organization. Adding customer centricity to a company's mission statement is the easy part, however. Implementing it throughout the organization entails some heavy lifting. CCOs are developing performance metrics to verify that customer-centric processes are in fact being followed. They are creating incentives for employees at all levels to comply with best practices for their positions that promote customer satisfaction, retention, and loyalty. Some even review hiring practices to ensure that qualities associated with customer service orientation are part of the screening process for new hires.


Demonstrate your value


Customer satisfaction, retention and loyalty are soft benefits because they are not directly tied to hard costs (revenue and expenses) like sales and payroll are, for example. But CCOs and others with similar responsibilities recognize they must justify their existence by showing the bottom line impact of what they do, and that means showing contribution to revenue and reducing costs. This sounds simple (like adding "customer centric" to your mission statement") but not so easy to accomplish.


All CCOs have developed a methodology for verifying contribution to revenue and cost savings. For the former [url=http://www.jerseyscowboys.com/deonte-thompson-jersey/]Cheap Deonte Thomps