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INNOVATION






                            In a recent survey by Bain & Company of 290 exe-  create economic and strategic value for our busi-
                            cutives in B2B industries throughout 11 countries,   ness? Do they simplify our daily operations (and my
                            68% of respondents said customers are less loyal   own work life)? Can I trust them? Do I like working
                            than they used to be.                     with them? An easy, trustworthy partnership in B2B
                                                                      markets can evoke personal feelings every bit as
                            Some B2B companies have reversed this trend   strong as with consumer products and brands.
                            through intensive, CEO-led efforts to earn custo-
                            mers’ loyalty. While each organization has unique   Most B2B companies have various offerings that
                            characteristics, they also share several common   target  quite  different  customer  segments—say,
                            principles in their approach.             equipment for a multinational agribusiness versus a
                                                                      version designed for local bakeries. To understand
                            Identify what really delights             the needs and behaviors of target segments, and
                                                                      how well the firm meets the needs of each seg-
                            and annoys customers                      ment, it’s important to push past the simple avera-
                                                                      ges of NPS, share of wallet or profitability.
                            A  delighted customer? Some B2B executives
                            might think that’s impossible. But in fact, loyalty   Regular feedback from customers provides the
                            leaders often find that they earn enthusiastic advo-  raw material for uncovering the root causes behind
                            cacy for their service or for the company overall.   customers’ attitudes toward the firm. Engaging
                                                                      customers  in  ongoing  dialogue  allows employee
                            That’s because most B2B customers evaluate pro-  teams to learn exactly which elements of the busi-
                            viders on a combination of several criteria: Do they   ness most appeal to or annoy customers and thus
























       Figure 2: A large account me-
       rits a map of the people that
       matter






















       Figure 3: Documenting the
       customer experience from
       end to end pinpoints where to
       solicit feedback


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