EFFICIENCY RELATIONSHIP PARADOX

A. The efficiency relationship paradox is a depiction of the catch 22 cycle that most organizations are in. They waste millions of dollars recruiting customers through expensive campaigns and then as the customer demonstrates both emotional and financial interest, they drop the level of service in the name of 'profit maximization'. In the process companies frustrate the customer and force him/her to defect. Over time this process increases the cost of new customer recruitment and decreases the revenues per customer. The source of this vicious cycle is the treatment of the customer as a one time acquisition and not as a long term journey/relationship. As such they try to form a relationship on the basis of an efficient operation. The problem is that efficiency and relationship are two conflicting strategies. Over time the cost of recruiting new customers grows due to the large number of frustrated customers who act as a counterforce to the company's marketing efforts.

Q. What are the core principles of CEM?

Q. Does CEM replace CRM?

Q. How is CEM different from CRM?

Q. How Will Customer Experience Management Set You Apart From The Competition?

Q. What is the role of a Customer Relationship Manager?

Q. How can we define what a valuable experience is for our customers and how should we use that definition  to decide what type of customer experience we want to implement?

Q. What is the efficiency relationship paradox?

Q. What is the role of the web in CEM?

Q. In practical terms, what are the changes required to implement CEM?

Q. How is Strativity Group's approach different than other similar practices in the industry?

Q. Who is responsible for CEM's success in the organization?

Q. What is Customer Experience Management?