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"The purpose of a business is to create and keep a customer"

Peter Drucker

Customers

Customers have gone from being passive, faceless entities in the past touched, only by one-way advertising to being active participants in all stages of the sales cycle.

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Customers today have access to a wide range of digital platforms that help them to communicate – with peers and influencers as well as with the organizations from whom they in end to buy.

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This is where technology can help to gather, analyse, communicate and collaborate with your customer base: in other words, get customers to help shape and build your business.

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Customer Co-operation

The most successful businesses in the world are those where customers champion their brands – in the form of evangelists, in the form of viral content that is created by customers themselves, or even in the form of co-created content, and feedback that helps shape the next product or service. Market valuations are determined by how well customers can identify themselves with the brand.

We are seeing several manifestations of this trend – in the form of businesses which are yet to build significant revenue streams, yet command hundreds of billions of dollars in valuation purely on the strength of their customer networks.

Apple has soared to become the most valued company in the world, on the back of a very passionate and evangelistic customer base – in other words, brand champions. Even B2B businesses such as Maersk or SAP are connecting and collaborating with their customer networks through digital channels to deliver more relevant products and services.

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Break down silos

For a customer connect strategy to truly succeed, silos within an organization need to be broken down.

A large business may see itself as comprised of several distinct businesses that seemingly have no connection internally, but the customer sees only a single brand or entity. Even within the same business, different departments have siloed views of their customers. These need to break down, so that they can truly visualize the customer as they interact at every level, regardless of geography, business need or even size.

From customers to fans: how technology can help

Thus, the holy grail for any business today is not to acquire customers, but to acquire fans.

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Fans are different – they don’t just buy more of a product or service but can create a network and multiplier effect that can outdo the most expensive advertising or marketing campaigns.

To get there, businesses need to be able to gauge sentiment, seek feedback, and engage with their customers with relevant content.

This is where technology can help to gather, analyse, communicate and collaborate with your customer base: in other words, get customers to help shape and build your business.

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Value
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A unique value proposition is the foundation of any successful product or service. We are moving from an era where a value proposition was constant over time...

Customers
Building blocks of an intelligent enterprise : Customers

Customers have gone from being passive, faceless entities in the past touched, only by one-way advertising to being active participants in all stages of the sales cycle...

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