Generic Benchmarking Worksheet
Task A: Problem/Opportunity Statement
Instructions for Task A: In the Response row, write out the problem/opportunity statements for the scenario for each of the team members. Response to Task A:
Classic Airlines will maintain its strategic position in the airline industry by creating customer confidence and loyalty, improving profitability, and aligning with its stakeholders.
When Classic Airlines successfully transforms their company into a company that has highly motivated employees and provides quality products and excellent service, they will be able to maintain this status by constantly improving their revenues and total market share.
Classic Airline will improve their customer relationship management process by aligning their customers’ value to their marketing strategy.
Classic Airlines will increase profitability and maximize revenue by ensuring that they effectively manage the CRM programs of the organization and formulate strategic business processes to ensure that the business achieves future business plans.
Generic Benchmarking—The purpose of generic benchmarking is to identify potential solutions to the problem statements defined in Task A. You will do this by looking at how companies in other industries have dealt with similar issues. Topic A: Identify Best Practices in Customer Relationship Management Instructions for Topic A: In the Response row, each team member must identify at least one company that has faced and addressed similar situations (successfully and unsuccessfully). In the Response row, identify whether the company has been successful or unsuccessful. In the Response row, summarize your key findings for the company as they relate to the scenario. In the Response row, identify at least one alternative solution for Classic Airlines from each company researched. Response to Topic A:
In the K. Bolt article from the Seattle Post Intelligencer, a few years ago, a field researcher for a rival retailer visited a Nordstrom store in California to check out what all the noise from the West Coast was about. Not surprisingly, the report focused on "service." To begin with, the researcher reported, Nordstrom's sales associates were outstanding, friendly, outgoing, caring people who clearly impressed their customers as knowing their merchandise inside and out, not just what was in stock in their department, but what was available throughout the store. Sales people were often heard to ask for customers' home phone numbers so they could call them as soon as something additional came in. Sometimes, long after a customer had left the department, a sales associate would still be looking for related items; and, on finding something, would page the recent customer, just in case he or she was still in the store and might want to come back. This customer service is the epitome of "doing whatever it takes" to please and satisfy customers. It is very difficult to top the leadership and customer service of Nordstrom, but Classic Airlines must use this same customer service principle if they want to fix their problems and prosper. Classic Airlines must pay close attention to their customers, discover their needs, develop the services to satisfy their needs, and then do whatever it takes to make sure the customer is satisfied.
In his article Upgrade as CRM for Small Banks, Bills talks about the benefits of the CRM system used in small banks. This system would give small community banks an advantage over larger ones by having more usable information on each customer. In order to cross sell products to existing customers, banks can benefit from having information about their individual transactions. Open Solutions has been successful in implementing this system in several small banks throughout the Unites States. Classic Airlines can also benefit from the CRM system by being able to market specific promotions to existing frequent fliers.
Mark Darby and...
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