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Home > Market Research > Mobile Strategies > Minimising Mobile Churn
Minimising Mobile Churn Strategic Report provides an evaluation of the global telecoms market with specific reference to the impact of customer churn and the resulting decline in revenues. The report addresses and provides guidance on how to tackle churn in terms of business processes and through the use of available software solutions.
Key Coverage -Understand why customers churn in the first place and what measures you can implement to prevent it -Discover how to tackle churn in terms of business processes (refining customer care, loyalty schemes and customer segmentation and personalisation) and through the use of available software solutions -Empower your organisation with a sophisticated understanding of the customer base, developing retention strategies and loyalty programmes for pre and post-paid customers -Learn from real-life case studies how the major players in the market are dealing with churn and benchmark your performance against them -Benefit from an exclusive new survey of industry professionals opinions on key trends in CRM and churn -Profit from valuable suggestions as to how operators should adapt their strategies for the future.
Key Issues Discussed Value of customer satisfaction: articulate the financial value of customer satisfaction to your business Profitability assessment: tying costs and revenues to specific customer segments to ensure products yield maximum profits Churn and loyalty management: predictive modelling and other techniques used to proactively retain and increase the revenues of profitable customers Business intelligence/analytics: data warehousing and mining techniques used to enhance decision making and uncover profitable data patterns Self-service: web and IVR-based strategies for lowering call centre and billing costs, keeping customers informed and making customer interaction more efficient CRM/customer care: personal interaction techniques and policies that improve the effectiveness of the call centre, helpdesk and field sales. Countries / Sectors / Companies Covered
Detailed case studies of major players including: -China Resources Peoples Telephone Company -Elisa -Hutchison 3G -Idea Cellular -Kyivstar -O2 UK -Orange -Sunrise -T-Mobile UK -T-Mobile USA -Tesco Mobile -Virgin Mobile
Who should read this report Mobile operators -Understand the facts on churn and churn management though market examples and real life case studies -Gain an understanding of the direction the market is heading and how it relates to the needs of subscribers -Learn about the segmentation strategies employed by your competitors and adjust your strategies accordingly Vendors -Discover operator strategies and determine how you can match their requirements -Learn how you can partner with operators and handset manufacturers to target segments with more appealing services -Identify strategies for creating successful mobile communities Fixed-line operators -Learn what mobile operators are planning in order to gain market share at the expense of your services Industry analysts and consultants -Gain a complete overview of how churn is impacting the telecoms industry, what retention strategies are being implemented and what technology solutions are available to achieve better customer management Investment companies -Find out about start-ups operating in the CRM space and determine which ones have the most promising business cases.
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Table of Contents
EXECUTIVE SUMMARY Figure 1: Total global average monthly blended churn Figure 2: Does churn still represent a growing problem for mobile operators? Figure 3: Have overall levels of churn increased or decreased in the last two years? Defining the market landscape The role of customer satisfaction Figure 4: Most important aspects of customer care Managing the customer experience Designing the customer experience Defining churn Defining customer retention and loyalty schemes Customer-relationship management is not (just) technology Key issues and trends in improving customer service Bridging the gap between customer expectations and customer experience Figure 5: Respondents’ views on the primary reason for churn among mobile subscribers Consumer dynamics Device management to monitor customer experience and reduce churn Niche targeting for customer intimacy Community focus Contact centres and business-process outsourcing Regulatory concerns Customer satisfaction measurement approaches Customer value system Measuring and justifying the investment Quality of service and experience assessment Customer profitability and segmentation The intelligence of the network Detailed customer segmentation and profiling Developing and managing effective customer segmentation models Prepaid segmentation The CRM solutions spectrum Figure 6: Which three of the following factors do you perceive as the greatest challenges in CRM today and in 2007? Churn prevention and loyalty strategies Figure 7: Acceptable annual churn, as a percentage of total subscribers Churn prevention strategies Figure 8: Which department should be most responsible for managing churn? Figure 9: Has your company implemented a churn reduction strategy in the last two years? Reward schemes to achieve customer loyalty and reduce churn Fighting churn by fostering loyalty Figure 10: Impact of loyalty schemes on retaining customers Types of loyalty schemes Customer loyalty programmes Prepaid loyalty and churn strategies Figure 11: Monthly prepaid churn Loyalty schemes for prepaid Loyalty and retention drivers Prepaid churn Strategic challenges and opportunities Revenue-generating opportunities Environmental factors
CHAPTER 1 DEFINING THE MARKET LANDSCAPE 1.1 Introduction 1.2 The role of customer satisfaction Figure 1.1: Service provider satisfaction index scores: prepaid segment Figure 1.2: Customer satisfaction factor weights: prepaid segment Figure 1.3: Service provider satisfaction index scores: contract segment Figure 1.4: Customer satisfaction factor weights: contract segment 1.2.1 Understanding today’s consumer perceptions 1.2.2 Customer satisfaction and quality-of-service (QoS) benchmarks set by the NRAs 1.2.2.1 The Customer Service Guarantee (CSG) 1.2.2.2 India’s NRA case study Figure 1.5: Parameters for cellular/mobile services 1.3 Defining customer-centricity 1.3.1 The customer as a financial asset 1.3.2 Key functions of ‘customer-centricity’ 1.4 Defining customer expectations 1.4.1 Consumer demands continue to grow 1.4.2 Handsets design, technology and price 1.4.3 Network services (service plans, tariffs, customer service, billing, call quality) Figure 1.6: Varying end-user experiences 1.4.4 Brand image Figure 1.7: Boost card promotion Figure 1.8: Boost online-help promotion 1.4.5 Impediments to adoption 1.5 Defining customer experience 1.6 Managing the customer experience Figure 1.9: Value generation Figure 1.10: Virgin Mobile promotions offering more than products and services 1.7 Designing the customer experience Figure 1.11: How customer experience is constructed 1.7.1 People 1.7.2 Product 1.7.3 Presentation 1.7.4 Processes 1.7.5 Pricing 1.8 Defining churn Figure 1.12: Measurement of churn Figure 1.13: Customer churn by mobile telecommunications businesses 1.8.1 The dilemma of measuring churn 1.8.2 Causes of churn 1.8.3 Types of churn 1.8.3.1 Reasons for voluntary churn 1.8.3.2 Reasons for involuntary churn 1.8.4 Costs of customer churn Figure 1.14: Estimated churn and total service revenues: UK 2000-2006 Figure 1.15: Illustrative churn impact per year Figure 1.16: Does churn represent a growing problem for mobile operators? 1.8.5 Churn in different market segments Figure 1.17: Churn drivers for customer segments 1.8.5.1 Prepaid churn 1.8.5.2 Corporate churn 1.9 Defining customer retention and loyalty schemes 1.10 Customer-relationship management: not (just) technology
CHAPTER 2 KEY ISSUES AND TRENDS IN IMPROVING CUSTOMER SERVICE 2.1 Bridging the gap between customer expectations and customer experience 2.1.1 The challenge of exploding interaction channels 2.1.2 Optimise customer care and network intelligence 2.1.3 Implement a customer-intelligence strategy Figure 2.1: Customer intelligence strategy 2.1.3.1 Data availability 2.1.4 Customer intelligence tools and techniques Figure 2.2: Multi-dimensional exploratory marketing to build ad-hoc solutions Figure 2.3: Customer classification based on real data Figure 2.4: Subscriber-profiles recognition 2.1.4.1 Alpha User vs. Early Adopter 2.1.4.2 Social networks and word-of-mouth marketing 2.1.4.3 Omega Users and social-network-based personalisation to increase sales 2.1.4.4 Social networks: a new marketing tool? Figure 2.5: Marketing influence 30% vs. WOM influence 70% 2.1.4.5 Viral marketing 2.1.4.6 Customer lifetime value Figure 2.6: Methodology to calculate past and future monetary value Figure 2.7: Complaint-handling process 2.1.4.7 Integrating customer value and campaign management tools with the billing system Figure 2.8: Using the billing system for campaign management 2.1.4.8 Drip marketing Figure 2.9: Sunrise’s contact strategy 2.1.5 Multichannel realtime feedback consolidation Figure 2.10: Customer-feedback sources Figure 2.11: Channel preferences of consumers during the customer-activity cycle 2.2 Consumer dynamics 2.2.1 Product, service and brand leadership 2.3 Device management to monitor the customer experience and reduce churn 2.3.1 Secure device content 2.3.2 Unmanaged handsets increase customer care costs 2.4 Niche targeting to achieve customer intimacy 2.4.1 Customer intimacy Figure 2.12: The world of extremes - a polarizing marketplace 2.4.2 The value of focusing on niche markets 2.4.3 Potential pitfalls in niche marketing 2.5 Community focus 2.5.1 The benefits of creating mobile communities Figure 2.13: Top six postpaid-subscriber-acquisition costs, March 2006 2.5.2 Targeting consumer demographics 2.5.2.1 Corporate sector Figure 2.14: Four main market opportunities 2.5.2.2 Youth market 2.5.2.3 Teenagers 2.5.2.4 Mobile sports 2.5.2.5 Hispanic market Figure 2.15: Demographics of mobile TV subscribers, wireless and non-subscribers (US) 2.5.2.6 Female market 2.5.2.7 Senior consumers Figure 2.16: Vodafone Simply: Sagem VS1 and Sagem VS2 2.6 Contact centres and business process outsourcing (BPO) 2.6.1 Latest industry trends and challenges Figure 2.17: Outsourced contract announcements, by product and operator type 2.7 Regulatory concerns 2.7.1 The influence of privacy and data protection regulations 2.7.2 SMS spam control
CHAPTER 3 CUSTOMER SATISFACTION MEASUREMENT APPROACHES 3.1 Customer value system Figure 3.1: Defining customer values 3.1.1 Voice of the customer 3.1.2 What drives customer value? Figure 3.2: Operator approaches to customer value 3.1.3 Understanding the value drivers per profile Figure 3.3: Establishing customer value Figure 3.4: Sample of segmentation 3.1.4 Overall customer satisfaction improves financial performance Figure 3.5: Increasing customer satisfaction 1% improves cash flow by US$55 million 3.1.4.1 Customer service 3.1.4.2 Retailing Figure 3.6: Overall retail sales index rankings 3.1.4.3 Handset and brand image Figure 3.7: Wireless-handset customer satisfaction index weights: 2005 Figure 3.8: Industry opinion - most-likely influencers of handset branding in 2010 3.1.4.4 Cost of services and customer behaviour Figure 3.9: Operations costs 3.2 Expenses 3.2.1 Overhead expense 3.2.2 Network expense 3.2.2.1 Mobile network expense 3.2.2.2 Interconnect transport expense 3.2.3 Billing and customer care expense 3.2.3.1 Billing call-record process expense 3.2.3.2 Billing invoice-processing expense 3.2.3.3 Customer care expense 3.2.3.4 Collections and past-due expense 3.2.3.5 Sales and marketing expense 3.2.3.6 Billing issues Figure 3.10: Customer-satisfaction index billing-attribute weights: US 2005 3.3 KPIs and customer value ties Figure 3.11: Operational KPIs’ impact on financial KPIs 3.3.1 Measuring and justifying the investment 3.3.2 Hard vs. soft ROI metrics 3.3.3 Achieving short-term ROI with hard metrics such as AHT (average handle time) 3.3.4 Justifying the investment 3.4 Quality-of-service assessment 3.5 Quality-of-experience assessment
CHAPTER 4 CUSTOMER PROFITABILITY AND SEGMENTATION 4.1 The intelligence of the network 4.1.1 Making innovative use of the vast amount of customer data 4.1.2 Churn-prediction models 4.2 Detailed customer segmentation and profiling 4.2.1 Segmentation and market saturation 4.2.2 Developing and managing effective customer-segmentation models Figure 4.1: Different approaches to segmenting the customer base Figure 4.2: Segmentation - the observation of the customer base Figure 4.3: Customer typology - the understanding of the customer base Figure 4.4: Overview of customer types Figure 4.5: Matrix of customer types and profitability strategy 4.2.3 Prepaid segmentation 4.2.3.1 Segmentation identification for prepaid Figure 4.6: Age analysis forecast Figure 4.7: Connex Romania’s five customer segments Figure 4.8: Youth prepaid tariff implementations Figure 4.9: Key characteristics of four segments identified by T-Mobile Croatia Figure 4.10: Tunisiana’s residential segmentation 4.2.3.2 Youth segment (age 12 to 24) Figure 4.11: Mobile phone ownership among US teens, by age, 2002 and 2004 Figure 4.12: Average Monthly Youth Mobile Spend 2004-2006 4.3 The CRM-solutions spectrum Figure 4.13: CRM contract announcements Figure 4.14: CRM/BSS component modules 4.3.1 A common information model Figure 4.15: CRM strategy 4.3.1.1 Customer-relationship process Figure 4.16 Stages in the relationship process 4.3.1.2 Personalisation as a churn-reduction tool 4.3.1.3 Event monitoring/feedback and complaint management 4.3.1.4 Channel management and conflict 4.3.1.5 Predictive modelling 4.3.2 CRM technology 4.3.2.1 Legacy systems 4.3.2.2 Replacement, integration and convergence 4.3.2.3 Storage capacity and software tools 4.3.2.4 Campaign-management software 4.3.2.5 Data warehousing/mining/visualisation and realtime scoring software 4.3.2.6 Reporting software
CHAPTER 5 CHURN PREVENTION AND LOYALTY STRATEGIES 5.1 Churn prevention strategies Figure 5.1 Churn reduction must be viewed as a strategic-management issue 5.1.1 Involuntary churn due to bad debt 5.1.1.1 Level of debt write-off 5.1.1.2 Internal attitudes to bad debt 5.1.1.3 Collection techniques 5.1.2 Involuntary churn due to fraud 5.1.2.1 Technical fraud 5.1.2.2 Subscription fraud 5.1.3 Voluntary churn due to pricing and tariffs 5.1.3.1 Competition and regulatory drivers 5.1.3.2 Handset subsidies Figure 5.2: Review of the Finnish mobile market Figure 5.3: Elisa’s churn levels Figure 5.4: Example prices for Elisa’s different packages Figure 5.5: Vodafone Group total subscriber-acquisition costs Figure 5.6: Vodafone Group total retention costs Figure 5.7: Prepaid churn rates in subsidised and unsubsidised markets Figure 5.8: Global subscriber-acquisition costs (US$) Figure 5.9: Guide to handset prices and subsidies within each market 5.1.3.3 Cheap call charges Figure 5.10: Likelihood of US households to switch mobile operators, by discount amount and operator (as a percentage of respondents) 5.1.4 Voluntary churn due to poor customer service 5.1.4.1 How consumers view customer service Figure 5.11: How to make customers churn 5.1.4.2 Recognising dissatisfaction 5.1.5 Voluntary churn due to network problems 5.1.5.1 Network coverage 5.1.5.2 Network congestion 5.1.6 Voluntary churn due to competing technologies Figure 5.12: Singapore mobile SAC and monthly churn 5.1.7 Churn due to contract conditions Figure 5.13: Australian mobile SAC and monthly churn (in US$) 5.2 Reward schemes to achieve customer loyalty and reduce churn 5.2.1 Fighting churn by fostering loyalty 5.2.1.1 Acquisition 5.2.1.2 Activation Figure 5.14: Risk/Revenue Matrix 5.2.1.3 Retention/save 5.2.1.4 Cross-sell/up-sell 5.2.1.5 Advocacy Figure 5.15: Direct and indirect effects of loyalty 5.2.1.6 Proximus loyalty case study Figure 5.16: Proximus annualised blended churn rate of registered SIM cards Figure 5.17: Proximus Business Rewards programme threshold value 5.2.2 Customer loyalty in today’s mobile market Figure 5.18: Is customer loyalty extinct? Figure 5.19: Brand Keys customer loyalty leaders Figure 5.20 Focus in the mobile industry Figure 5.21: Integrated data management for personalised dialogue and campaigns 5.2.3 Types of loyalty schemes Figure 5.22: 101 Loyalty combinations 5.2.4 Key elements to create and influence customer loyalty Figure 5.23: How much of an impact do loyalty schemes have on retaining customers? Figure 5.24: Do you have a loyalty scheme for contract customers ? Figure 5.25: Do you have a prepaid loyalty scheme? 5.2.5 Programme Design Principles Figure 5.26: What different types of loyalty programmes do you offer? Figure 5.27: Key success factors for a loyalty programme
CHAPTER 6 PREPAID LOYALTY AND CHURN STRATEGIES 6.1 Loyalty schemes Figure 6.1: Do you have a prepaid loyalty sceme? 6.1.1 Types of loyalty schemes for prepaid Figure 6.2: Types of reward-based systems Figure 6.3: Prepaid loyalty scheme rewards Figure 6.4: Orange Romania prepaid call bonuses Figure 6.5: Orange Romania recharge-value bonuses 6.1.2 Implementation frequency of loyalty schemes 6.1.3 Frequency of loyalty awards Figure. 6.6: DiGi’s reward scheme 6.1.4 Loyalty clubs 6.1.4.1 T-Mobile Croatia’s Simpa+ club Figure 6.7: T-Mobile Croatia Simpa+ club points matrix 6.1.4.2 Telstra’s Blue Lounge Figure 6.8: Telstra’s Goals for Blue Lounge Loyalty Youth Portal 6.1.4.3 Sunrise’s prontomax 6.1.5 The prepaid customer lifecycle and impact of loyalty schemes Figure 6.9: Customer relation lifecycle and contact management 6.2 Retention Figure 6.10: Prepaid customer lifecycle 6.3 Loyalty and retention drivers 6.3.1 Handsets Figure 6.11: Handsets as churn drivers in different segments 6.3.1.1 Vodafone Germany’s churn prevention initiative 6.3.1.2 Optimus Portugal’s Zero Cost campaign 6.3.1.3 T-Mobile Croatia’s handset upgrade promotion 6.3.2 Use of SMS 6.3.3 Recharge bonuses 6.3.3.1 Mobilkom Austria’s recharge promotions 6.3.3.2 Telstra’s recharge bonus targets high-ARPU users? 6.3.3.3 ? while Cellcom targets ‘light’ users 6.3.3.4 Vodafone Ireland’s recharge bonus 6.4 Acquisition 6.4.1 Activation bonuses 6.4.2 Referral schemes 6.5 Registration incentives 6.6 Key communication factors for prepaid loyalty programmes 6.7 Improving the prepaid proposition 6.8 Designing and implementing cost-effective loyalty programmes for prepaid customers 6.9 Prepaid churn Figure 6.12: Behaviour traffic-light model for prepaid-recharge analysis
CHAPTER 7 CASE STUDIES Figure 7.1: UK retail stores’ market share Figure 7.2: Tesco product sample Figure 7.3: DNA typing of Tesco product Figure 7.4: Tesco’s sources of customer insight Figure 7.5: Tesco’s image of customers Figure 7.6: Tesco’s communication strategy 7.1 MVNO case studies 7.1.1 Tesco Mobile: tariff simplicity Figure 7.7: Tesco Mobile 7.1.2 Virgin Mobile Figure 7.8: Virgin Mobile brand differentiation Figure 7.9: Virgin Mobile brand values/touchpoints 7.1.3 Saunalahti 7.2 Operator case studies 7.2.1 O2 UK Human Touch 7.2.1.1 Improving realtime customer information 7.2.1.2 Improved results and the way forward 7.2.3 Kyivstar Figure 7.10: Ukraine customer base/market share March 2006 7.2.3.1 Kyivstar’s churn-reduction strategies Figure 7.11: Kyivstar churn levels 2004-2006 Figure 7.12: Kyivstar’s churn-reduction strategies 7.2.3.2 Kyivstar’s customer-retention strategies 7.2.3.3 Results 7.2.3.4 Efficient interactions with subscribers 7.2.3.5 Conclusions 7.2.4 Idea Cellular 7.2.4.1 Products and services Figure 7.13: Idea’s products and services 7.2.5 T-Mobile UK 7.2.5.1 U-Fix Figure 7.14: U-Fix price plans 7.2.6 Orange 7.2.6.1 Orange Wednesdays Figure 7.15: Orange Wednesdays promotion Figure 7.16: How Orange Wednesdays works 7.2.6.2 Flytxt’s technology Figure 7.17: GPRS terminal for Orange Wednesdays transactions 7.2.6.3 How the idea was born 7.2.6.4 What Orange wanted to achieve 7.2.6.5 Immediate short term-impact 7.2.6.6 Overall results 7.2.6.7 Primary challenges and solutions 7.2.6.8 Conclusions 7.2.7 Hutchison 3G (UK) 7.2.7.1 WePay Figure 7.18: Prepaid as a percentage of total subscriptions in the UK 7.2.8 Orange Romania 7.2.9 Sweden’s Tele2 Conclusions 7.3 China Mobile Peoples Telephone Company 7.3.1 Using customer satisfaction as a key differentiator 7.3.2 Loyalty programmes and retention strategies 7.3.3 Segmentation strategies 7.3.4 Investments in self-service Conclusions 7.4 T-Mobile USA 7.4.1 Honesty strategy 7.4.1.1 The results 7.5 Sunrise 7.5.1 CRM Model Case Study 7.5.1.2 Sunrise’s CRM model at a glance 7.5.1.3 The challenges 7.5.1.4 The results 7.6 Elisa 7.6.1 The war for market share 7.6.2 Influence of price competition and mobile number portability 7.6.3 Elisa’s discount and premium brand differentiation 7.6.4 Elisa’s differentiated retention strategy 7.6.5.1 The results
CHAPTER 8 STRATEGIC CHALLENGES AND OPPORTUNITIES 8.1 Revenue-generating opportunities 8.1.1 How to eliminate obstacles 8.1.1.1 Measure 8.1.1.2 Study 8.1.1.3 Optimise 8.1.1.4 Repeat 8.2 Environmental factors Figure 8.1: SPIN analysis Figure 8.2: Segmentation methods for effective customer development 8.3 Keys to prolonging episodes of customer emotional commitment 8.3.1 Strategy formulation 8.3.2 Partner management 8.3.3 Back-office support 8.3.4 Touchpoint management 8.4 Roadmaps and value chains 8.4.1 Roadmap to customer intimacy Figure 8.3: Customer-relationship process 8.4.2 Roadmap to customer loyalty Figure 8.4: The touchpoint roadmap Figure 8.5: The loyalty connection 8.4.3 The mobile value chain and mobile marketing-strategy network Figure 8.6: The current mobile ecosystem Figure 8.7: Mobile marketing ecosystem (strategic network) 8.5 Influence your customers to recommend you to others Figure 8.8: Growth by word of mouth
CHAPTER 9 INDUSTRY SURVEY, ANALYSIS & CHURN DATA 9.1 Overview of survey 9.1.1 Aims and methodology 9.1.2 Company analysis and geographical breakdown of respondents 9.1.2.1 Company characteristics Figure 9.1: Respondents by industry sector 9.1.2.2 Geographical characteristics Figure 9.2: Geographical breakdown of respondents 9.2 Answers to survey questions 9.2.1 Is churn as a growing problem? Figure 9.3: Does churn still represent a growing problem for mobile operators? 9.2.2 What is an acceptable level of churn? Figure 9.4: Acceptable annual customer churn figure as a percentage of total subscribers 9.2.3 Perception of current mobile churn levels Figure 9.5: Have overall levels of churn increased or decreased in the last two years? 9.2.4 The impact of MNP on churn 9.2.5 Reasons for subscriber churn Figure 9.6: Respondents’ views on the primary reason for churn among mobile subscribers 9.2.6 Why do operators need to reduce churn? Figure 9.7: Most important driver for operators to reduce churn in their business 9.3 Survey responses to questions for operators only 9.3.1 Current churn levels Figure 9.8: What is your monthly prepaid churn? Figure 9.9: What is your monthly postpaid churn? 9.3.2 Customer satisfaction Figure 9.10: Overall, how would your customers rate their level of service and product satisfaction? 9.3.3 Customer care Figure 9.11: What is the most important aspect of customer care? 9.3.4 Impact of loyalty schemes on retaining customers Figure 9.12: How much of an impact do loyalty schemes have on retaining customers? 9.3.5 Responsibility for managing churn Figure 9.13: Which department should have most responsibility for managing churn? Figure 9.14: Operator respondents by job function 9.3.6 Have operators taken steps to combat churn? Figure 9.15: Has your company implemented a churn-reduction strategy in the last two years? 9.3.7 Use of consultancies in churn-management projects Figure 9.16: Has your company used consultants in your churn-reduction project? 9.3.8 Use of software solutions in churn-management projects Figure 9.17: Has your company implemented software solutions to target churn? Figure 9.18: What kind of software has your company invested in? 9.3.9 Return on investment Figure 9.19: Expected time for ROI on churn projects 9.4 Defining CRM: questions for operators and vendors 9.4.1 Scope of CRM Figure 9.20: Which functions do you perceive as coming with the scope of CRM? 9.4.2 Most-important CRM functions 9.4.3 CRM within the company Figure 9.21: How is responsibility for customer care divided? Figure 9.22: CRM functions handled by a specialist team 9.4.4 Current and future problems in CRM Figure 9.23: Which three of the following factors do you perceive as the greatest challenges in CRM today and in 2007? Figure 9.24: Which department has prime responsibility for purchasing CRM systems? 9.4.5 CRM systems: questions for operators only Figure 9.25: Do you have specialist CRM systems in place? Figure 9.26: Operators’ plans to purchase CRM solutions 9.5 Survey responses to questions for vendors only Figure 9.27: Vendor participants’ roles within their companies 9.5.1 Geographic spread of vendor respondents Figure 9.28: Where vendor respondents are based 9.5.2 The CRM market Figure 9.29: Vendors’ current and planned solutions 9.6 Survey conclusions 9.7 Churn data Figure 9.30: Blended (prepaid and postpaid) churn data 2004-2005 (%) Figure 9.31: Postpaid churn data (%) Figure 9.32: Prepaid churn data (%)
CHAPTER 10 CONCLUSIONS AND RECOMMENDATIONS 10.1 Customer insights 10.2 Recommendations for putting the customer first 1. Create a customer experience governance model 2. Improve customer knowledge through analytical tools and techniques 3. Constantly educate and empower the consumer 4. Customer-centricity should play a fundamental role in the company culture 5. Senior management must be involved in the customer-centric strategy 6. Accountability at all levels and across all departments 7. Customer satisfaction tracking and measurement 8. Visible customer service processes and representatives 9. Regular staff training and education 10. Simple recognition and reward systems 10.3 Market trends 10.4 Strategic recommendations for churn reduction
For full details, please email keithw@cmsinfo.com
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