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A Call To Action

July 15, 2008

One of the calls that nobody wants to get – “the ground beef you just purchased may be tainted with e. Coli”. But, isn’t it better to get that call — than find out the hard way that you shouldn’t have eaten the product? In this day of frequent product recalls, a local firm is doing a fantastic job of connecting with their customers and communicating with them.

During the recent recall during the recent 4th of July holiday, no less, a local grocer notified their customers in a variety of ways. They placed signs in stores in meat departments (but if you are in the store buying meat – chances are you may have already consumed the meat you previously purchased).
Thanks to their frequent shopper program, they were able to track purchases by customers who use the company’s loyalty card. This is normally used to track purchases to accrue fuel discounts, or receive coupons and discounts on future purchases. During the recent recall, they printed a message at the bottom of the receipt to customers whose history showed they may have purchased the recalled product (and instructed the checkout clerk to point out the notice to consumers). In other cases, they actually called customers who used the loyalty card to purchase the tainted product (what a great motivating factor for encouraging consumers to keep their card information updated!).

Obviously a phone call would be best - since there is a time dependent factor for many shoppers – who purchase and immediately use the meat they purchase – but register tape alerts are great for those who stock up and placed the meat in their freezer for later consumption. Better late than never.
Loyalty programs sometimes come under fire – “what is being done with the data?”
“Are they selling personal information?” “Why do I have to give up that information to get lower prices?”

Generally, however most retailers promise that any proprietary information is not shared and only aggregated item data is shared with their vendors. In today’s competitive environment, businesses continually strive to “focus on the customer” and make the customer “# 1” – and develop the strategies that put the customer at the center of their business. Doing so makes customer data increasingly important, with loyalty programs serving as a very effective way of capturing customer data.

Another benefit of customer loyalty programs is the ability to foster two-way communications with customers – this can be done by implementing an active customer feedback system and listening to customers. It not only provides a way to capture customers’ concerns, questions and complaints, but as described above, it can offer a great way to reach out to customers.

For now, I’m fostering two-way communications with my customers by meeting with them, and having conversations with them about how they are communicating with their customers – both internal and external. I’m learning a lot, and hopefully gaining insight into how we can best work with them to facilitate this process. Clearly “one size fits all” won’t be the right answer. By listening, and asking questions, we can make a lot of progress in jointly defining the solution. How are you communicating with your customers?

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Written by SuzanneLorch · Filed Under Business & Leadership, Featured | 2 Comments 

Marketing in the Recommendation Age

May 15, 2008

“Why on Earth would your company want a blog?” “Aren’t you afraid of what people might say?” “What about your brand?” As the guy who championed the idea of the blog at LUCRUM, and regular blogging evangelist, I am asked this question almost daily. My answer is simple. “I trust our people to do the right thing.”

My coworkers at LUCRUM are smart - much smarter than I am. I know that when they talk about technology, they are passionate about it. They speak from experience and they speak from the heart. They are sincere, and that is different. They are interesting. They are real. They are the essence of “The Brand.”

I also trust the readers of the site. They can smell disingenuous corporate speak from a mile away. Yeah, I could hire professional writers to put together a brand strategy for our blog. We could toil endlessly on the exact wording of every phrase - but why? It would not be real. It would not be different. It would invisible.

Thankfully, it is real. And… it is really fun to be involved with.

Just today, we were contacted by a talented IT Professional who was so moved by Andy Erickson’s LinkedIn profile and the honesty of the blog site that she sent in an amazing letter with her resume expressing her desire to join the LUCRUM team.

This is the result of conversation.

What we hope to achieve is not just conversation, but also recommendation. In this day and age reputation is so important. What you do is far more important than what you say you do. What you do IS the marketing. It is about customer service, employee relations, innovative thinking, and delivering real value for Clients each and every day.

We are working on building a tribe. A loyal group of eager participants, fully engaged in the experience of LUCRUM. We want to create evangelists. We aspire to deliver greatness. That aspiration lives in each of us, and thus the blog serves as the platform for sharing our honest hopes and dreams for the firm. It is a metaphor for the business as a whole. It is about being “recommendable” or perhaps more properly put “remarkable.”

Are we there yet? Nope. But we have taken the steps necessary to start the journey. Each and every day we learn. Each and every day we evolve. Hopefully, we listen, we grow, and we improve along the way.

Why blog? Well if what we do is to solve business problems by using technology, than why not embrace technology to identify those problems and uncover the solutions? Why not engage our people to drive innovation at every level of the organization? Why not give everyone, including our clients and the world at large, a voice in the conversation. Why not become recommendable?

Check out the link below for a great article about marketing in the recommendation age.

Marketing in the Recommendation Age | Small Business Solutions - TheStreet.com

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Written by DAVIDeBOWMAN · Filed Under Culture | 1 Comment 

Treat the Customer Like a Prince…

May 6, 2008

Is it better to be loved or to be feared? The ends justify the means. One must be a fox as well as a lion etc. AH The Prince, great book, a lot of interesting concepts, but why am I writing about a book most people were forced to read in college? Well for one, I like it. But the real reason why I am thinking about Niccolo Machiavelli, is because of work.

Recently, I wrote a blog post on a project that I was working on for my supervisior. It was concerning Tuesdays, and customer loyalty. Customer Loyalty, seems pretty important no? If your customers aren’t loyal, it’s probably because of something you did, or perhaps didn’t do. Referrals are one the best forms of marketing or advertisement, you only refer who you enjoyed working with in one capacity or another. Also we tend to work and or buy things from people we like. This is why networking is so vital. That’s all I ever heard about at the Williams College of Business at Xavier- “networking-networking-networking.” Given the aforementioned, I think that customer service, and to be more precise, customer loyalty is paramount. So then, why The Prince as a preamble.

As the first line of my rant goes, is it better to be feared or loved? According to Niccolo Machiavelli, it is best be both, but seeing how this is rarely accomplished, it is better that you are feared than loved. There is no real concise way to put his explanation on why, but he does give his reasons. Again, why am I writing this? I tend to read a lot of philosophy and I find that it inspires me. Not that I think that our customers should be loyal due to fear of retribution. Personally, I say neither answer is right. I say that, better than being feared or loved is being respected. If people fear you, they will due only what is necessary to not be punished, which will render you moderate at best results. Love on the other hand can, at times, skew people’s judgment, which can lead to a lack of necessary constructive criticism. If I was starting a business, the last thing that I would want is a bunch of “yes men” to back me up or take point. R-E-S-P-E-C-T is king, people want to do good for those they admire, they want to work with those they admire, they are loyal to those they admire. This is why Fortune, ranks the “most admired companies.”

Now considering my recent project, in my humble opinion, customer loyalty comes down to respect. Given to and received from customer to business. It’s a two-way street. Respect comes down to relationships, and relationships come down to the Tuesday Model or The Tuesday(superscript C) Model. It’s linear. If the customer is simply a means to an end, then the relationship will end quicker than you think. We must remember that ultimately the customer is our “boss” and not vice versa.

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Written by AndrewHamann · Filed Under Business & Leadership | 1 Comment 

The Tuesday Model

April 29, 2008

Tuesday, not as bad as Monday, and not as good as Wednesday. Its a forgotten day to most people. If you have an average and dull life, then you could say that your life is a bunch of Tuesdays I guess. Is there any way that Tuesday could mean…a little more…here’s something that I use to get me through the Tuesdays of my life.

I have been at LÛCRUM now for about three weeks, and one of the first projects I have been asked to participate in is concerning customer loyalty. So I thought to myself, customer loyalty, how to get it, and obviously how to retain it, when it hit me….Tuesday!

What does Tuesday have to do with customer loyalty, and what is the Tuesday model, you ask? The Tuesday model is a little bit of advice that was given to me by my mentor in College. A successful venture capitalist, and entrepreneur, a man that I respect. Anyways, one day we were out at dinner and I was picking his brain about business, life, etc. when he told me this. “Andrew, all relationships, business or personal, are based on three criteria. Expectations, understanding and trust.” E.U.T or T.U.E the prefix of Tuesday as a way to remember it. “These are the building blocks of relationships” he explained. His logic was that, once expectations are not met, then understanding becomes clouded and thus, trust falls apart. Naturally he concluded “that trust is the backbone or all relationships.” I listened to my mentor and it made sense, moreover, this was a man that I respected and I could see he was great a forging strong ties in every aspect of his life and this was the secret ingredient behind his success.

Since that day I have implemented the Tuesday Model into everything relationship I in my life; family, friends, work and girlfriends. It helps you empathize, which fosters understanding and clarity. I have also amended the model itself. Trust, Understanding and Expectations is how it was originally conceived, but a sub note to expectations is communication. Only if communication is clear can expectations be derived and met. Of course this screws up the acronym but it’s worth it.

So now that I have acquainted you with my philosophy (something that I will do a lot if you let me), it is time to implement the Tuesday Model with my tasks here at LÛCRUM. Going along with the theme of Tuesday, you can find further “rants” if you so desire every Tuesday from here on out. If you agree with me great, if you have anything to add, I’m all ears, or perhaps you think I’m insane, either way, discourse is always welcome.

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Written by AndrewHamann · Filed Under Business & Leadership | 2 Comments