Preview

How the market works

Satisfactory Essays
Open Document
Open Document
18580 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How the market works
© J. Kraigher-Krainer

The Customer Driven Company

Table of Contents
J. Kraigher-Krainer

Slide 2

Chapter

Content

1

Principles of the Customer Driven Company (CDC)

2

CDC as a Strategic and Managerial Approach

3

Customers´ Perceptions

4

Market Perceived Value

5

Customers´ Environment

6

Customer Loyalty

7

The Path to the Customer Centric Company - Company
Culture

8

Delivery and Communication of Value

References (1)
J. Kraigher-Krainer

Slide 3



Belz, Christian; Bieger, Thomas (2006): Customer value. Kundenvorteile schaffen
Unternehmensvorteile. 2., aktualisierte Aufl. St. Gallen: mi; Thexis.



Best, Roger J. (2009): Market-Based Management. Strategies for Growing Customer Value and Profitability. 5th ed. Upper Saddle River: Pearson.



Boush, David M, Marian Friestad and Peter Wright (2009), Deception in the Marketplace.
The Psychology of Deceptive Persuasion and Consumer Self Protection. New York, NY:
Routledge.



Broydrick, Stephen C. (1996): The 7 Universal Laws of Customer Value. How to Win
Customers & Influence Markets. Burr Ridge, IL: Irwin.



Carlzon, Jan (1989): Moments of Truth. New Strategies for Today 's Customer-Driven
Economy, Harper Perennial, New York. 1st ed. New York: Harper.



Day, George S. (1999): The Market Driven Organization. Understanding, Attracting, and
Keeping Valuable Customers. New York NY: The Free Press.



Drucker, Peter F. (1954): The Practice of Management. Ed. 1961 London, GB: Heinemann.



Drucker, Peter F. (1967): Managing for Results. Reprint. London: Pan Books.



Drucker, Peter F.; Maciariello, Joseph A. (2004): The Daily Drucker. 366 days of insight and motivation for getting the right things done. 1st ed. New York, NY: HarperBusiness.



Galbraith, Jay R. (2005): Designing the Customer-Centric Organization. A guide to strategy, structure, and process. San Francisco: Jossey-Bass A Wiley



References: Prahalad, Coimbatore K.; Hamel, Gary (1990): The Core Competence of the Corporation. In Harvard Business Review (May/June), pp • Selden, Larry; Colvin, Geoffrey (2003): Angel Customers & Demon Customers Confuse the Two. In Strategic Management Journal 19 (10), pp. 1001–1006. • Sheth, Jagdish N.; Sethia, Nirmal K.; Srinivas, Shanthi (2011): Mindful consumption: a • Soman, Dilip; N-Marandi, Sara (2010): Managing customer value

You May Also Find These Documents Helpful

  • Good Essays

    Economics by McConell, Brue, and Flynn described the economic concepts of supply, demand, and market equilibrium. I will help relate the opportunities to the real world by providing examples while discussing the market equilibrating process. Within daily life, one may experience market equilibrating when they get laid off or even get a new career. When one gets a new job one might, buy a car, more clothes, go on vacations, or even purchase a home. If one is laid off, he/she will expect or demand less because there is less money.…

    • 687 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Supply and Demand

    • 706 Words
    • 3 Pages

    In the ECO/365 course you are taken through a simulation, where you are asked to manage the supply and demand of two-bedroom apartments. The apartments are located in a city called Atlantis, which seems to be a very attractive place to live. The stimulation is used to provide the learner with real-life situation of how the pricing of a good or service (price ceiling) can affect the quantity demand, and the quality supplied. Throughout the simulation the learner is asked to price the rate of the two-bedroom unit. And based on the rate, you are given the results of your actions, and how it affected the market.…

    • 706 Words
    • 3 Pages
    Good Essays
  • Better Essays

    References: DeFelice, Alexandra, 2007, Future,” Seattle Times, May 23, 2007; “A Century of Customer Love,” CRM Magazine, June 1, 2005.…

    • 2423 Words
    • 10 Pages
    Better Essays
  • Better Essays

    Market Structures

    • 2025 Words
    • 9 Pages

    According to McConnell and Brue (2004), a monopoly occurs when a single firm is the sole producer of a product for which no close substitutes exist. Since the United States Postal Service (USPS, 2008) has no close substitutes, competition does not exist. The Postal Service’s universal service obligation (USO) is broadly outlined in multiple statutes and encompasses multiple dimensions: geographic scope, range of products, access to services and facilities, delivery frequency, affordable and uniform pricing, service quality, and security of the mail (USPS 2008). When monopolists are not protected by law from competition, the companies may have to keep their prices low in order to keep competition from entering the market. However, USPS is considered a pure monopoly and barriers of entry are in place. USPS is the only federal operating system that sends and delivers mail. USPS has competition in the market with services such as package delivery. Now, the agency has to compete with major companies such as UPS and FedEx. United States Postal Services depends on operation funding from postage and fees. Comparatively, the Postal Service provides a higher level of service and does so at low, affordable prices (USPS, 2008).…

    • 2025 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Ethan Frome and Desire

    • 2238 Words
    • 9 Pages

    Bibliography: Lauer, Kristen O., Wolff, Cynthia G. Ethan Frome-Norton Critical Edition. New York: W. W. Norton and Company, 1995.…

    • 2238 Words
    • 9 Pages
    Better Essays
  • Good Essays

    The Market Economy

    • 849 Words
    • 4 Pages

    The Market Economy represents the enhancement of transportation as it pertains to buying, selling, and trading goods. With better transportation, costs of shipping freight decreased while also the speed of shipping materials long distances increased. This allowed for a new economic system where everyone benefited such as farmers, manufacturers, etc. Farmers were able to produce and ship more crops without having to pay ridiculous prices for the cost of transportation. Improved transportation of crops and goods in and out of different states across America due to canals steamboats allowed the people living in America to grow financially. Advancements in technology…

    • 849 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    References: Best, R. (2000) Market-Based management - strategies for growing customer value and profitably, 2nd ed, Prentice Hall, Upper Saddle River…

    • 4152 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    Economics and Market

    • 909 Words
    • 4 Pages

    Assess the view that making an oligopolistic market more contestable is the best way to improve the efficiency of that market.…

    • 909 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The Market Revolution

    • 257 Words
    • 2 Pages

    During the late 1700’s, the United States was no longer a possession of Britain, instead it was a market for industrial goods and the world’s major source for tobacco, cotton, and other agricultural products. A labor revolution started to occur in the United States throughout the early 1800’s. There was a shift from an agricultural economy to an industrial market system. After the War of 1812, the domestic marketplace changed due to the strong pressure of social and economic forces. Major innovations in transportation allowed the movement of information, people, and merchandise. Textile mills and factories became an important base for jobs, especially for women. There was also widespread economic growth during this time period (Roark, 260). The market revolution brought about economic growth through new modes of transportation, an abundance of natural resources, factory production, and banking and legal practices.…

    • 257 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Ben Carson

    • 1638 Words
    • 7 Pages

    Cited: 1. Carson, Ben, and Lewis, Gregg. The Big Picture. Grand Rapids, MI: Zondervan Publishing House, 1999.…

    • 1638 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Supply and Demand

    • 669 Words
    • 3 Pages

    The article that I chose to discuss regarding supply and demand refers to Wal-Mart Stores Inc selling organic food in their stores. Because consumers and our health crazed society have demanded such a product, they have left an impact that will not only benefit themselves but Wal-Marts profits as well.…

    • 669 Words
    • 3 Pages
    Good Essays
  • Good Essays

    supply and demand

    • 279 Words
    • 1 Page

    What are the effects of international trade to GDP, domestic markets, and university students? International trade comprises exports and imports, the net result of which affects our GDP. Since our imports exceed our exports, our GDP would be impacted by our net exports or deficits. “The rippling effect of financing deficits is an increase in interest rates from selling bonds that reduces investments and growth. This further reduces GDP” (Colander. 2010). Domestic markets flourish when there is a demand for local products overseas. If the domestic markets have to compete with imported products it could be a struggle. However jobs can be created for the advertising, sales, and distribution of foreign imports. The effect of international trade on university students has recently brought about an awareness of a vibrant industry in the education services. Of the 35 billion dollar worldwide market for international students, the U S was able to capture a market share of 45%, showing a healthy surplus of $12.6 Billion in higher education..…

    • 279 Words
    • 1 Page
    Good Essays
  • Good Essays

    The Free Market

    • 1549 Words
    • 7 Pages

    In the real world, when consumers choose to purchase items from businesses, there are always expected gains from trade. Two people voluntarily act in their own best interest…

    • 1549 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Reflective Statement

    • 503 Words
    • 3 Pages

    it is capable of confronting a range of issues long considered exhausted.” (Druckery, 1994, p. 7)…

    • 503 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Crucial Conversations

    • 2973 Words
    • 12 Pages

    Bibliography: Patterson, Kerry, Joseph Grenny, Ron McMillian, and Al Switzler. Crucial Conversations. New York: McGraw-Hill, 2002.…

    • 2973 Words
    • 12 Pages
    Powerful Essays

Related Topics