Case Study: Loyalty & Retention
Client / Situation / Assignment
- Identify and analyze best practice in Customer Loyalty Management for the SME business market for a fixed, mobile and internet converged environment
- Recommend strategic and operational best practice methodologies, processes and procedures to improve Customer Loyalty, thereby reducing churn and increasing ARPU
- Develop Implementation Plan for client to introduce the recommendation
Approach / Methodology
Interview
benchmark
partners
Internal Audit
& Competitor
Research
Analysis & Recommendation
Development & Implementation
- Interview conducted with 8 benchmarking partners from Europe and Scandinavia from Telecoms, Internet, Banking and Insurance Sectors
- Mystery shopping and desk research done on direct competitors
- Internal interviews conducted to assess gap analysis
- Customer needs analysis completed
- Recommendations for key areas of focus
- Development of implementation plan for key areas
Analysis
- Gaps existed between customer expectation, competitor offerings, perceived industry best practice and the current client offering
- Risk assessment on the areas highlighted the key focus point to address customer needs and expectations, yet still deliver a return on investment for the client.
- The key areas for improvement :
- Account Management (direct sales)
- Channel Management & Commissioning (indirect conflicts)
- Welcome & Save Strategies
- Identification and Segmentation
- Logistics
Result
- Increased Awareness, Responsibility and Accountability across the business thereby focusing on the Customer
- Strategic Recommendations and concise Implementation Strategy developed using work packs to clearly define what was required for improvement in each area
- Internal departments now working together with cross-functional teams to address issues raised by the benchmark report
- Greater focus on the impact of good customer management on reducing churn and increasing ARPU
- Project Scope expanded to include project management of implementation for each work pack with a managed hand over to internal departmental managers