Produktbild: The Wallet Allocation Rule

The Wallet Allocation Rule Winning the Battle for Share

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

09.02.2015

Verlag

John Wiley & Sons

Seitenzahl

240

Maße (L/B/H)

23.5/15.7/1.8 cm

Gewicht

506 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-03731-6

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

09.02.2015

Verlag

John Wiley & Sons

Seitenzahl

240

Maße (L/B/H)

23.5/15.7/1.8 cm

Gewicht

506 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-03731-6

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: GPSR Kontakt

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  • Produktbild: The Wallet Allocation Rule
  • Preface xvii
     
    Foreword xix
     
    Chapter 1
     
    It's "Oh My God!" Bad 1
     
    Key Takeaway: Customer satisfaction is the most widely used metric for measuring and managing customer loyalty. But our research finds that satisfaction does not link to what counts most: market share and share of wallet. Satisfaction is a strong negative predictor of market share. And satisfaction typically explains a miniscule 1 percent of customers' share of spending in an industry category. This problem isn't just limited to customer satisfaction. All commonly used measures of customer loyalty--such as the Net Promoter Score (NPS) or recommend intention perform equally badly. This contradicts the message of virtually all programs discussed in the business press regarding the relationship of satisfaction and NPS to business performance. The grim reality is that most of these efforts are doomed to fail. Moreover, they often run counter to a firm's competitive positioning and strategy.
     
    Growth Is Hard to Find 3
     
    Deconstructing Market Share 4
     
    Different Metric, Same Outcome 8
     
    Satisfaction <> Market Share 11
     
    Satisfaction <> Share of Wallet 15
     
    Always Wrong on Average 18
     
    A Cautionary Tale 22
     
    The Moral of the Story? 25
     
    Chapter 2
     
    Eureka! The Discovery of the Wallet Allocation Rule 27
     
    Key Takeaway: Satisfied customers who recommend your brand are important. But all too often customers like your competitors just as much as they like your brand. The end result is that you are losing sales. To understand what drives share of wallet and ultimately market share, managers need to shift their focus from the drivers of satisfaction or NPS to the drivers of rank. Our research conclusively proves that the rank that customers assign to a brand relative to other brands they use predicts share of wallet using a simple, previously unknown formula, which we've named the Wallet Allocation Rule.
     
    Getting There 29
     
    Determining Your Rank 32
     
    The Wallet Allocation Rule and Share: The Evidence 33
     
    The "Best" Metric? 38
     
    Why Does the Wallet Allocation Rule Work? 40
     
    Using the Wallet Allocation Rule 41
     
    Wallet Allocation Rule Strategy 43
     
    How to Improve Your Rank 46
     
    The Rule in Practice 47
     
    Conclusion 49
     
    Chapter 3
     
    The Wallet Allocation Rule in Action 51
     
    Key Takeaway: The drivers of share of wallet are almost always very different from the drivers of satisfaction or NPS. Wallet Allocation Rule analysis gets to the heart of what drives wallet share by identifying what drives customers' preference for your brand vis-à-vis competition instead of simply determining what makes customers happy.
     
    Grinding a New Set of Lenses 52
     
    Putting the Wallet Allocation Rule to Work 53
     
    Conclusion 88
     
    Chapter 4
     
    Customers as Assets 89
     
    Key Takeaway: Growth is easy for firms willing to give their products away--for as long as they remain in business! But the first duty of a business is to survive. Managers must never lose sight of the fact that the end goal is profits, not just revenues.
     
    The Wallet Allocation Rule Is Not a Panacea 91
     
    Revenue <> Profits 98
     
    Short-Term Gain, Long-Term Pain 99
     
    Money-Losing Delighters 102
     
    Aligning Satisfaction, Share of Wallet, Revenue, and Profit 104
     
    Conclusion 106
     
    Chapter 5
     
    New Metrics That Matter for Growth 109
     
    Key Takeaway: The Wallet Allocation Rule makes it possible for managers to easily link customer satisfaction to share of wallet. But because the rule is based upon a company's relative rank, not its absolute satisfaction level, firms need to add ne