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Customer Capitalism (Paperback)
Loot Price: R649
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Customer Capitalism (Paperback)
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Blending the hot topics of new technology, market spaces,
competitive strategy and customer behaviour, Customer Capitalism
stands conventional wisdom on its head by introducing a new
business model which shows how any business can generate increasing
returns and gain a massive competitive advantage. Taking examples
from companies as diverse as Amazon.com and Mondex, Microsoft and
Monsanto, the author explains how businesses can escape the traps
of a traditional mindset and originate for the customer rather than
the product. These entreprises transform classic product/service
categories, moving them away from market share into new "market
spaces" where they find new ways of doing for customers. Customer
Capitalism does what old capitalism could never do -- it gives
corporations a sustainable edge. Sandra Vandermerwe shows how to
relate the ten principles of customer capitalism to your business
and achieve the multiple and exponential rewards of increasing
returns. Customer Capitalism generates growing customer value
streams from ever--deepening and expanding relationships with
individuals who lock--on to an organisation. These customers become
an "installed customer base" who want the organisation as their
dominant or sole choice on an ongoing basis. The new enterprise
becomes the standard for these new ways of doing things by
gathering market momentum. A growing number of individuals see and
use the new way of doing things, making the enterprise ever more
prevalent, and its brand increasingly infectious to others. Central
to the concept of customer capitalism are six positive feedback
loops which ensure customer lock--on and accelerating growth. Once
the loops go into motion as one interlinking, reiterative system
then the real forces of the new market and economic dynamics of
customer capitalism come into play. Customers become the
competitive barrier. Advantage leads to more advantage, success to
more success, accumulating increasing returns in new market spaces.
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