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“Who knows where inspiration comes from? Perhaps it arises from desperation. Perhaps it comes from the flukes of the universe, the kindness of the muses” ~ Amy Tan, author
This list is a co-operation between iCity Magazine and Tenfore Associates
- — Customer centricity is a strategy that aligns a company’s development and delivery of its products and services with the current and future needs of a select set of customers in order to maximize their long-term financial value to the firm ~ Peter Fader, Professor of Marketing, Wharton University
- — In the age of the customer, executives don’t decide how customer-centric their companies are — customers do ~ Kate Leggett, Analyst (CRM), Forrester
- — Every contact we have with a customer influences whether or not they’ll come back. We have to be great every time or we’ll lose them ~ Kevin Stirtz, author of More Loyal Customers
- — The secret of change is to focus all of your energy, not on fighting the old, but on building the new ~ Socrates, Greek philosopher (4790399 BC)
- — Marketing is theatre ~ Steve Jobs, Founder of Apple
- — Without great employees you can never have great customer service ~ Richard F. Gerson, author of Positive Performance Improvement
- — For us, our most important stakeholder is not our stockholders, it is our customers. We’re in business to serve the needs and desires of our core customer base ~ John Mackey, co-CEO Whole Foods Market
- — The internet makes human desires more easily attainable. In other words, it offers convenience. Convenience on the internet is basically achieved by two things: speed, and cognitive ease. If you study what the really big things on the internet are, you realize they are masters at making things fast and not making people think ~ Ev Williams, Twitter co-founder
- — Welcome to the uberification of our service economy ~ Steve Schlafman, RRE
- — Ideas are commodities. Execution is not ~ Michael Dell, Founder/CEO, DELL Computers
- — You‘ve got to start with the customer experience and work backward to the technology ~ Steve Jobs, Founder of Apple
- — At a certain point, there’s only so much a success team member can do to prevent churn when a customer was a bad fit for your product right from the start ~ Mark Roberge, Chief Revenue Officer, Hubspot
- — Customer equity is the sum of the customer lifetime values (CLVs) accross a firm’s entire customer base ~ Peter Fader, Professor of Marketing, Wharton University
- — CLV is the net present value of the profits linked to a specific customer once the customer has been acquired, after subtracting incremental costs associated with marketing, selling, production and servicing over the customer’s lifetime ~ Robert C. Blattberg, Professor Emeritus of Marketing, Kellogg School of Management
- — It’s not about coffee. It’s about passion and an experience ~ Howard Schultz, Founder and CEO, Starbucks
- — CLV is the unit of measurement that creates customer equity, which in turn creates greater firm value ~ Peter Fader, Professor of Marketing, Wharton University
- — Customer lifetime value (CLV) is the present value of the future (net) cash flows associated with a particular customer ~ Peter Fader, Professor of Marketing, Wharton University
- — To achieve consistently terrific customer service, you must hire wonderful people who believe in your company’s goals, habitually do better than the norm and who will love their jobs; make sure that their ideas and opinions are heard and respected; then give them the freedom to help and solve problems for your customers. Rather than providing rules or scripts, you should ask them to treat the customer as they themselves would like to be treated — which is surely the highest standard ~ Richard Branson, CEO, Virgin
- — Service, in short, is not what you do, but who you are. It is a way of living that you need to bring to everything you do, if you are to bring it to your customer interactions ~ Betsy Sanders, former storemanager, Nordstrom
- — Customer centricity is a strategy to fundamentally align a company’s products and services with the wants and needs of its most valuable customers. That strategy has a specific aim: more profits for the long term ~ Peter Fader, Professor of Marketing, Wharton University
- — I skate to where the puck is going to be, not where it has been ~ Wayne Gretzky, Famous NFL hockeyplayer
- — The longer you wait, the harder it is to produce outstanding customer service ~ William H. Davidow, founding partner, Mohr Davidow Ventures
- — Anyone who is not given information cannot assume responsibility. But anyone who is given information cannot avoid assuming it ~ Jan Carlzon, former President, SAS
- — Culture eats strategy for breakfast ~ Peter Drucker, Bestselling management author
- — There is never a good sale unless it’s a good buy for the customer ~ Stanley Marcus, Founder of Neiman Marcus
- — Customer centricity requires that a company be willing and able to change its organizational design, performance metrics, and employee and distributor structures to focus on this long-term creation and delivery process ~ Peter Fader, Professor of Marketing, Wharton University
- — There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else ~ Sam Walton, CEO, Walmart
- — Being on par in terms of price and quality only gets you into the game. Service wins the game ~ Tony Alessandra, best-selling author on sales and marketing
- — When the customer makes you or your business the centre of what they do in your solution area, you have achieved customer centricity ~ John Stanhope
- — A customer culture is as fundamental to your business as breathing is to living. It is the life force of your business ~ Dr Linden R. Brown, Chairman, MarketCulture
- — By putting forth the effort to better understand the habits, tendencies, and value of each and every one of our customers, you can build better, stronger, and more profitable companies ~ Peter Fader, Professor of Marketing, Wharton University
- — Knowing our highest-value guests allows for more laser focus, giving 15-20% of guests the best possible experience so they have a higher propensity of coming back ~ Greta Wilson, VP Brand Strategy, Pitney Bowes
- — The customer’s perception is your reality ~ Kate Zabriskie
- — Customer centricity is about identifying your most valuable customers and then doing everything in your power to make as much money from them as possible and to find more customers like them. These customers give you a strategic advantage over your competitors; it’s a strategic advantage that could be the best path forward for many companies ~ Peter Fader, Professor of Marketing, Wharton University
- — For individuals, character is destiny. For organizations, culture is destiny ~ Tony Hsieh, founder and CEO, Zappos
- — Integrated marketing communications is a way of looking at the whole marketing process from the view point of the customer ~ Philip Kotler, author/professor/consultant, Kotler Marketing Group
- — The most important single thing is to focus obsessively on the customer ~ Jeff Bezos, Founder/CEO, Amazon
- — Customer centricity requires major organizational, structural, strategic and cultural changes ~ Peter Fader, Professor of Marketing, Wharton University
- — The ways of yesterday are not enough to understand the world of today ~ King Zhao
- — Don’t find customers for your products, find products for your customers ~ Seth Godin
- — Almost all innovation happens by making connections between fields that other people don’t realize ~ Robert J. Langley
- — You don’t need a big idea. You need a little idea you can make big ~ Jeremy Gutsche, Founder/CEO, Trendhunter
- — Customer-centric companies don’t make or sell the products they think customers will want; they make and sell products they know their customers will want ~ Peter Fader, Professor of Marketing, Wharton University
- — Transformation of an enterprise begins with a sense of crisis or urgency. No institution will go through fundamental change unless it believes it is in deep trouble and needs to do something different to survive ~ Louis V. Gerstner, Former CEO, IBM
- — The more you engage with customers the clearer things become and the easier it is to determine what you should be doing ~ John Russell, former VP, Harley Davidson
- — Instead of marketing to the masses, be irrisistible to a specific group of people ~ Jeremy Gutsche, Founder/CEO, Trendhunter
- — It’s the style of the climb, not the attainment of the summit, which is the measure of personal success ~ Yvon Chouinard, Founder Patagonia
- — Technological barriers have been broken down. Geographic barriers are all but nonexistent. But what remains are the relationships that companies have-or don’t have- with their customers ~ Peter Fader, Professor of Marketing, Wharton University
- — Customer support is an amazing reservoir of insights into what needs to change about the product…We prioritize our roadmap directly based on these insights. This has helped us to evolve our product and release features which we know in advance people will love ~ Joel Gascoigne, Founder and CEO, Buffer
- — We are experiencing history’s highest rate of change. So push harder, act sooner and never give up ~ Ray Kurzweil, Founder, Singularity University
- — Customer-centric firms acknowledge the heterogeneity among their customers. More than that, they celebrate it – because they understand that heterogeneity offers them opportunity ~ Peter Fader, Professor of Marketing, Wharton University
- — People want what’s best for them, and they can switch on a dime, because there’s always a new disruptor disrupting the last disruptor. So companies should just strive to keep changing and adapting to their customers’ needs ~ Ben Chestnut, Co-founder and CEO, Mailchimp
- — Customer service shouldn’t be a department; it should be the entire company ~ Tony Hsieh, CEO, Zappos
- — Once you have identified your right customers teh next stps are obvious. You mine those customers for information. You find out what they want, what they need, and what they will demand going forward ~ Peter Fader, Professor of Marketing, Wharton University
- — Culture isn’t just one aspect of the game .. it is the game ~ Louis V. Gerstner, Former CEO, IBM
- — Your website isn’t the center of your universe. Your Facebook page isn’t the center of your universe. Your mobile app isn’t the center of your universe. The customer is the center of your universe ~ Bruce Ernst, VP of Product Managment, Monetate
- — We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better ~ Jeff Bezos, Founder and CEO, Amazon
- — Customer equity is the total outcome of all transactional and non-transactional customer interactions througout the entire 360-degree customer journey ~ Edwin Korver, Founder/CEO, Tenfore
- — Satisfied customers will tell their colleagues about Rackspace, becoming promoters for our brand and an external sales force for our company. Therefore, fanatical support is essential to our business; it is what lies at the core of our company because we know it’s essential to our success ~ Mark Roenigk, COO, Rackspace
- — The ends of customer centricity may be conventional; the means of customer centricity, however, are radical ~ Peter Fader, Professor of Marketing, Wharton University
- — It’s not that we ever even say we’re customer-centric. We don’t have to. What we say is we’re going to the right thing, we’re going to try as hard as we can, and that just spills over into the way we treat our customers ~ Ted Hoy, CTO, AtTask
- — In a world that’s changing so quickly, the biggest risk you can take is not taking any risk ~ Mark Zuckerberg, Founder/CEO, Facebook
- — The biggest threat to innovation is internal politics and an organizational culture, which doesn’t accept failure and/or doesn’t accept ideas from outside, and/or cannot change ~ Gartner
- — The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand ~ Sun Tzu
- — You should never start a company with the goal of getting rich. Your goal should be making something you believe in and making a company that will last ~ Mike Markkula, Investor, Apple
- — In a customer-centric company, as we spend more and more of our time and money focussing specifically on the right customers, it turns out that we actually need those other customers quite a bit ~ Peter Fader, Professor of Marketing, Wharton University
- — You want these other customers to keep right on being your customers; you just don’t want to burn any calories worrying about them. What I’m suggesting is that you should view these other customers as low-hanging fruit. They are, in essence, the ballast that will allow you to continue on your path to long-term customer-centric success ~ Peter Fader, Professor of Marketing, Wharton University
- — When you’re trying to make an important decision, and you’re sort of divided on the issue, ask yourself: If the customer were here, what would she say? ~ Dharmesh Shah, CTO, Hubspot
- — By 2018, 70% of siloed digital transformation (DX) initiatives will ultimately fail because of insufficient collaboration, integration, sourcing, or project management ~ IDC
- — A customer-centric model is based not on expertise in the realm of product development, but rather on a deep understanding of what customers actually want, when and how they want it, and what they’re willing to give you in exchange ~ Peter Fader, Professor of Marketing, Wharton University
- — You can’t talk about disruption credibly if you can’t disrupt yourself ~ Brian Solis, Principal, Altimeter
- — The adoption of customer centricity demands nothing less than a complete restructuring of your organization that will position it to serve precisely the right customers at the expense of pretty much everything else ~ Peter Fader, Professor of Marketing, Wharton University
- — Before you are a leader, success is all about growing yourself. When you become a leader success is all about growing others ~ Jack Welch, former Chairman/CEO, GE
- — Overall, 20-30% of a business provides all the profits, sudsidizing 30-40% of the business that loses money ~ Jonathan L.S. Byrnes
- — If you’re in sales and your social media strategy is not built around creating one-to-one conversations, then you’re not in sales. You’re in advertising ~ Mark Hunter, Author, The Sales Hunter
- — We should celebrate customer heterogeneity by using the customer lifetime value (CLV) to drive acquisition strategies and tactics ~ Peter Fader, Professor of Marketing, Wharton University
- — The real objective of direct marketing is to convert sales to relationships, because relationships bond the customer to the company and the brand is the total of all that ~ Lester Wunderman
- — The sharing economy is commerce with the promise of a human connection ~ Joe Gebbia, Co-founder, Airbnb
- — Opportunities multiply as they are seized ~ Sun Tzu
- — A business is simply an idea to make other people’s lives better ~ Richard Branson, Founder, Virgin
- — The ultimate aim of a customer-centric model is the same as the ultimate model of a product-centric model: to make the company as profitable as possible in the long run ~ Peter Fader, Professor of Marketing, Wharton University
- — Teamwork makes the dream work, but a vision becomes a nightmare when the leader has a big dream and a bad team ~ John C. Maxwell
- — The organization at AtTask has been built around being positive, communicating with each other, being open, being transparent, being courageous, being accountable. You start doing all those things within the company and then you interact with customers, and all of a sudden you’re delivering all those values to the customer ~ Ted Hoy, CTO, AtTask
- — Everything is now everywhere, all at once. Consumers are smarter than ever before. The market is more saturated than ever before, more competitive than ever before, and changing more quickly than ever before. It is the perfect storm, and it explains why today’s teens -and many adults- are so demanding: they can be ~ Peter Fader, Professor of Marketing, Wharton University
- — It is all about the survival of the fastest ~ Jeremy Waite, Evangelist, IBM
- — Good service begins at the top. If your senior people don’t get it, even the strongest link further down the line can become compromised ~ Richard Branson, Founder/CEO, Virgin
- — Customer centricity can allow your organization to make far more money from your most valuable customers who will buy from you more often and spend more when they do buy from you ~ Peter Fader, Professor of Marketing, Wharton University
- — Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat ~ Sun Tzu
