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Connected Strategy - Building Continuous Customer Relationships for Competitive Advantage (Hardcover)
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Connected Strategy - Building Continuous Customer Relationships for Competitive Advantage (Hardcover)
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Business Models for Transforming Customer Relationships What if
there were a way to turn occasional, sporadic transactions with
customers into long-term, continuous relationships--while
simultaneously driving dramatic improvements in operational
efficiency? What if you could break your existing trade-offs
between superior customer experience and low cost? This is the
promise of a connected strategy. New forms of
connectivity--involving frequent, low-friction, customized
interactions--mean that companies can now anticipate customer needs
as they arise, or even before. Simultaneously, enabled by these
technologies, companies can create new business models that deliver
more value to customers. Connected strategies are win-win:
Customers get a dramatically improved experience, while companies
boost operational efficiency. In this book, strategy and operations
experts Nicolaj Siggelkow and Christian Terwiesch reveal the
emergence of connected strategies as a new source of competitive
advantage. With in-depth examples from companies operating in
industries such as healthcare, financial services, mobility,
retail, entertainment, nonprofit, and education, Connected Strategy
identifies the four pathways--respond-to-desire, curated offering,
coach behavior, and automatic execution--for turning episodic
interactions into continuous relationships. The authors show how
each pathway creates a competitive advantage, then guide you
through the critical decisions for creating and implementing your
own connected strategies. Whether you're trying to revitalize
strategy in an established company or disrupt an industry as a
startup, this book will help you: Reshape your connections with
your customers Find new ways to connect with existing suppliers
while also activating new sources of capacity Create the right
revenue model Make the best technology choices to support your
strategy Integrating rich examples, how-to advice, and practical
tools in the form of "workshop chapters" throughout, this book is
the ultimate resource for creating competitive advantage through
connected relationships with your customers and redefined
connections in your industry.
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