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Business today is changing more rapidly than at any time in
history. From product ideas to supply chains, from marketing to
sales, new technologies, techniques, and globalization have created
incredible, disruptive transformations in every aspect of commerce.
This will not change - change will be the only constant. Shaping
the Future of Business Education answers the question of how to
prepare tomorrow's leaders with a distinctive formula as wide as it
is deep. Two dozen distinguished professors and leaders in business
education argue that only a broad, rigorous and relevant education
will work - a fusion of business knowledge with arts and sciences,
technology, and ethical training that emphasizes integrated
thinking, broad perspectives, and cultural awareness along with
specific expertise. These educators demonstrate practical methods
of including arts and sciences in the teaching of business
knowledge, while also integrating the best of business into the
arts and sciences. The result? Business leaders who can
communicate, operate well in ambiguous and fluid situations, as
well as liberal-arts students who have the business knowledge they
need to work well in organizations.
As a leader in your organization, you will be very familiar with
your organization's key financial statements and monthly management
reports. You may have spent countless hours discussing budgets and
expenditures. But how much time have you spent reflecting on the
fact that these revenues are generated by actual customers-the
people who pull out their wallets and pay for your products and
services? In The Customer-Base Audit: The First Step on the Journey
to Customer Centricity, experts Peter Fader, Bruce Hardie, and
Michael Ross start you on the path toward really getting to
understand your customers' buying behavior as well as the health of
your overall customer base. A customer-base audit is a systematic
review of the buying behavior of a firm's customers using data
captured by its transaction systems. It will help you answer
questions such as: -- How healthy is your customer base? How
realistic are your growth objectives? -- How do your customers
differ in terms of their behavior and value? -- How has the quality
of your customers changed over time? -- What changes in customer
behavior lie behind period-to-period changes in firm performance?
-- What is important to your high-value customers? Which products
help you acquire and retain your best customers? Fader, Hardie, and
Ross present five "lenses" through which an executive can address
questions like those above. The answers are often lurking in
various parts of the organization, but it is rare to find all the
relevant analyses in one place, let alone performed on a regular
basis (as an audit should be). Yet without such a basic, systematic
understanding of the foundations of the firm's primary source of
cash flow, how can executives make informed decisions? Fader, a
Wharton professor, is the author of Customer Centricity and
coauthor of The Customer Centricity Playbook, both of which have
helped businesses radically rethink how they relate to customers.
In this first step of the journey, Fader, Hardie, and Ross assist
leaders in gaining a fundamental understanding of their customers'
buying behavior-and thus their company as a whole.
As a leader in your organization, you will be very familiar with
your organization’s key financial statements and monthly
management reports. You may have spent countless hours discussing
budgets and expenditures. But how much time have you spent
reflecting on the fact that these revenues are generated by actual
customers—the people who pull out their wallets and pay for your
products and services? In The Customer-Base Audit: The First Step
on the Journey to Customer Centricity, experts Peter Fader, Bruce
Hardie, and Michael Ross start you on the path toward really
getting to understand your customers’ buying behavior as well as
the health of your overall customer base. A customer-base audit is
a systematic review of the buying behavior of a firm’s customers
using data captured by its transaction systems. It will help you
answer questions such as: -- How healthy is your customer base? How
realistic are your growth objectives? -- How do your customers
differ in terms of their behavior and value? -- How has the quality
of your customers changed over time? -- What changes in customer
behavior lie behind period-to-period changes in firm performance?
-- What is important to your high-value customers? Which products
help you acquire and retain your best customers? Fader, Hardie, and
Ross present five “lenses” through which an executive can
address questions like those above. The answers are often lurking
in various parts of the organization, but it is rare to find all
the relevant analyses in one place, let alone performed on a
regular basis (as an audit should be). Yet without such a basic,
systematic understanding of the foundations of the firm’s primary
source of cash flow, how can executives make informed decisions?
Fader, a Wharton professor, is the author of Customer Centricity
and coauthor of The Customer Centricity Playbook, both of which
have helped businesses radically rethink how they relate to
customers. In this first step of the journey, Fader, Hardie, and
Ross assist leaders in gaining a fundamental understanding of their
customers’ buying behavior—and thus their company as a whole.
It is 1587 in Madrid, Spain, and Marcelo Espinosa is hiding a
secret so dangerous that, if it were exposed, it would mean torture
and death. Raised as a Catholic by Jewish parents forced to
covertly practice their religion, Marcelo has no idea he is about
to discover the perils of his true heritage. After his parents are
summoned by the Inquisition for heresy, they seek to shield Marcelo
from an inevitable death and make secret arrangements for him to
enter the monastery. Nineteen-year-old Marcelo is left with no
choice. During a stormy night, Marcelo and his guide leave on
horseback; it is not long before Marcelo is unwittingly immersed in
a life filled with prayer, meditation, plain food, and hard work.
But after six months pass, Marcelo receives the horrifying news he
has been dreading-his parents have been murdered. Now with his own
life in grave danger, Marcelo once again has no choice but to
escape. Disguised as a missionary, Marcelo sails to Mexico with two
Franciscan priests and the hope that one day he will be free. In
this captivating historical tale, Marcelo embarks on a journey
through adventure, friendship, love, and danger in a desperate
attempt to reconcile with the man he has always wanted to be.
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