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Mastering Customer Value Management: The Art and Science of Creating Competitive Advantage
 
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Mastering Customer Value Management: The Art and Science of Creating Competitive Advantage [Paperback]

Ray Kordupleski (Author), Janice Simpson (Author)
3.0 out of 5 stars  See all reviews (2 customer reviews)


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Book Description

May 1, 2003
Although the field is still in its infancy, there is an emerging art and science of customer value management that is proving its worth. Firms of all sizes that capture and use customer data with the same kind of discipline, passion and understanding they give to operational and financial data are learning that this business practice is well worth the time and money invested.

Mastering Customer Value Management presents the basic concepts of customer value management and the practical tools that have been developed to implement them in business. The book explores the art and science of:

- correlating customer value and business results
- capturing actionable competitive information
- using customer data to determine priorities and drive improvements
- creating a customer focused culture.

Authored by a practitioner with proven successes, the book is a practical guide designed to help readers:

- understand the process and business impact of customer value management
- learn about the tools needed to implement a customer value business approach
- overcome resistance to change
- implement ten critical steps to customer value management
- institute strategies to make the program work.

Written in a friendly and engaging style, Mastering Customer Value Management provides a first-person account of the author’s experiences with a variety of global firms. The book is enriched by contributions from executives, change agents, technical experts and fellow consultants. Examples of customer value management efforts underway are documented throughout the book. Six case studies provide insight and details of successfully implemented customer value management programs.

Based on 17 years of actual global consulting with firms from multiple industry sectors in Asia Pacific, Europe, North America and South America, the book offers pragmatic, actionable strategies based on real-life experiences. It walks the reader through the process of translating good intentions and slogans into actions that can have dramatic impact on a firm’s performance.

Rather than offering a "this is how you must do it" approach, Mastering Customer Value Management provides a template, then illustrates how different firms have customized the approach to their own context and made it work for them.


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Editorial Reviews

Review

Approaches that are this profound and this practical only come along a few times in one’s career. -- Steve Jacobs, Senior Partner, Continuous Learning Group (CLG)

Ray's ten steps for implementing CVM provide business practitioners a wealth of practical guidelines for improving their value delivery. -- Bradley T. Gale, Author, Managing Customer Value

The book demonstrates conclusively how important customer data is when it comes to increasing customer value. -- Don Peppers and Martha Rogers, Ph.D., Peppers and Rogers Group

The book is pioneering-an answer to all those companies whose customer satisfaction programs have not produced desired results. -- Joe Urbany, Ph.D., Professor of Marketing, University of Notre Dame

The book provides step-by-step practical advice, reinforced by case studies showing lessons learned from Ray’s global experiences. -- Geoff Halls, Market Research Manager, BP Lubricants UK

From the Publisher

In today’s competitive business environment, more and more companies are recognizing the critical importance of determining what their customers, and their competitors’ customers, truly "value". It’s therefore not surprising that there are numerous new books appearing that herald customer value management and espouse its benefits.

Yet few, if any, also lay out a proven ten-step process for successfully implementing a customer value management initiative.

The uniqueness and the value of Mastering Customer Value Management lie in the manner in which Ray Kordupleski has described the benefits of CVM, anchored these benefits with real-life cases, stories and anecdotes based on his consulting experiences, and laid out a proven template for success.


Product Details

  • Paperback: 368 pages
  • Publisher: Pinnaflex Educational Resources Inc (May 1, 2003)
  • Language: English
  • ISBN-10: 1893673073
  • ISBN-13: 978-1893673076
  • Product Dimensions: 8.9 x 7.4 x 0.9 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,706,031 in Books (See Top 100 in Books)

 

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3 of 3 people found the following review helpful:
5.0 out of 5 stars Customer VALUE management nails it!, June 10, 2003
By 
Paul R. Timm (Orem, UT United States) - See all my reviews
(REAL NAME)   
This review is from: Mastering Customer Value Management: The Art and Science of Creating Competitive Advantage (Paperback)
As an MBA professor, author, and customer service consultant, I had the opportunity to review early drafts of Ray's excellent book. This is a gem. It nails the importance of building customer VALUE. It ties together a rationale for company efforts to serve, satisfy, and create loyalty with the customers who determine the success of the business. The writing is clear and straightforward and the content invaluable for any business person interested in boosting the bottom line (and who isn't?)

Congratulations to Ray and Janice for offering an excellent addition to our field of knowledge. I highly recommend this book.

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1.0 out of 5 stars Dangerous Shoot From the Hip Methodologies, August 17, 2010
This review is from: Mastering Customer Value Management: The Art and Science of Creating Competitive Advantage (Paperback)
The methodologies advocated in this book are for managers who don't mind shooting from the hip and living dangerously. This can be the only fair assessment as the author does not cite a single reference (although there are many authors in this field and the domain is not new), the methodologies are developed based on what I call "farmer math", and the supporting logic for the methodologies is fraught with logical errors, fallacies and oversimplifying assumptions. This book was written for clients as a marketing tool, was not peer reviewed by people knowledgeable in the field, and was printed by an unreputable publisher (visit their website at [...] and you'll find a website selling storage sheds!).

There are many books out there that are clearly written and have methodologies that won't get you into trouble. You've been warned.
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