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chapter 5 creating long term loyalty relationships

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Chapter 5 creating long term loyalty relationships , Marketing Management, Philip Kotler, 14th edition, 2012. Bài giảng giáo trình quản lý marketing của Philip Kotler. Lý thuyết kèm các case study minh họa cho bài giảng.

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Kotler • Keller Phillip Kevin Lane

Marketing Management • 14e

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Creating Long-term Loyalty Relationships

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Discussion Questions

1 What are customer value, satisfaction, and

loyalty, and how can companies deliver them?

2 What is the lifetime value of customers, and

how can marketers maximize it?

3 How can companies attract and retain the

right customers and cultivate strong customer

relationships?

4 What are the pros and cons of database

marketing?

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Customer Value, Satisfaction, and Loyalty

Holistic Marketing

• Inform

• Engage

• Energize

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Traditional Organization vs

Customer-Oriented Organization

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Customer Perceived Value

Total Customer

Cost

Total Customer Benefit

perceived Value

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perceived value

Customer-Total customer benefit

Total customer

cost

Product benefit

Monetary cost

Services benefit

Time cost

Personal benefit

Energy cost

Image benefit

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Value Concepts - Caterpillar

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Choice Processes and Implications

Lowest purchase price wins.

Friends with

salesperson

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“A deeply held commitment to rebuy or repatronize a preferred product or

service in the future despite situational influences and marketing efforts having the potential to cause switching

behavior.”

Oliver

Customer Loyalty

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A person’s feelings of pleasure or disappointment that result from comparing a product’s perceived performance to (or outcome) to expectations.

Satisfaction

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Customer Satisfaction

Expectations

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Customer Expectations

Expectations

Previous purchases Friends advice

Marketers’ / competitors

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Monitoring Satisfaction

Customer Complaints

Measurement Techniques

Influence of Customer Satisfaction

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Measurement Techniques

Customer Loss Rate

Mystery Shopper

Surveys

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Influence of Customer Satisfaction

Customer satisfaction

Speed of communication

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Tell 11 people

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Product and Service Quality

Quality

Profitability Satisfaction

Performance Conformance

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Maximizing Customer Lifetime Value

20% of

Customers

80% of Profits

Customers

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Customer Profitability

Customer Lifetime Value

Customer Profitability Analysis

Profitable

Unprofitable

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A person, household, or company that over time yields a revenue stream

exceeding by an acceptable amount the company’s cost stream for attracting,

selling, and serving that customer.

A Profitable Customer

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Customer-Product Profitability Analysis

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Cultivating Customer Relationships

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Customer Relationship Management (CRM)

Personalizing Marketing

Customer Empowerment

Customer Reviews & Recommendations

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Personalizing Marketing

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One-to-One Marketing

Differentiate customers

Interact with

each customer

Customize Identify prospects

and customers

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Customer Empowerment

Brand Evangelists

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Customer Reviews/Recommendations

Customer ratings Negative reviews

Create Buzz

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Of its customers yearly

Reducing customer defections by 5% can

increase profits from

25% to 85%

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Attracting and Retaining Customers

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The Marketing Funnel

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Databases & Database Marketing

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