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Archive for July, 2009

A Simple Explanation of Customer Experience

Monday, July 27th, 2009

 

Let’s simplify an overused, sometimes “overcomplicated” term: customer experience.

cust-service

There are three important drivers of customer experience:

Technology: Technology is the IT systems in place to track and gather the data that is necessary to understand who the client is, the client satisfaction points, their history, Etc. This would be CRM systems, call centre operations and unified communications as examples. Often companies rely too much on this driver- it cannot stand alone.

Design: Design gives us the “look, smell & feel” of customer experience. We leave this to the web designers, interior and industrial designers who enhance the “click,” the bank lobbies and the Apple iPhones.

Connect: This is the interface to the customer and the most difficult of all three, as it involves direct contact with “fickle” humans and requires a behavioural change in the company delivering the experience, to be effective.

Both Technology and Design play an important role in Connect and without Connect, you lose  the overall customer experience.

Customer service, ease of use on the company’s website and face to face interactions are the heart and soul of Connect and customer experience. It is where most companies fail and where they should be focusing,

 

Overall, if you use Technology, Design and Connect you will deliver great customer experience, which  drives…

word of mouth marketing

loyalty

higher profits

…and more business.

Do or die.

Trip Allen, Team Egyii, Singapore

Two Simple Keys to Success in Sales

Thursday, July 23rd, 2009

 

I met up with an Account Executive from one of my former employers the other day and she asked me, as we were parting, “Can you give me some tips on how to be successful in sales in my current position?”

sign

I love these kind of questions where I am asked for advice.

I answered “Relationships and value.”

“The relationships with your internal support mechanism (your colleagues) and the relationships with your clients are the most important. Without either of them, you will not survive.”

Simple enough. But…

“Relationships are very important but you must also add value. Always be adding value.”

“With your colleagues, always understand what drives and motivates them. Know their “business.” Instead of asking for their help, ask how you can help them. You would be amazed how they change their perspective.”

“With your clients, always be adding value- know their business and environment, anticipate their problems and offer solutions. Become a trusted advisor.”

This would be my simple answer to anyone who asked me about success in sales.

Trip Allen, Team Egyii, Singapore

A Customer Experience Success Story: Engagement & Client (Customer) Focus

Monday, July 20th, 2009

 

Some Get it and Some Don’t. Why?

There has been  a lot of recent news and write ups of success (and failures) on retail customer service/experience programmes. 

A few success stories:

zappos1

 

Tony Hsieh of Zappos (of course!).

 

nordstrom1

 

Nordstrom’s department stores.

wegmans

 

Wegman’s supermarkets.

 

Why are some retailers more successful than others and generally more successful than other industries at customer experience?

Because the successful ones focus on and reach out to the customer. The customer is King. The service culture is instilled in the business and comes from top down.

They engage and focus on the client and all aspects around the client.

To back this up, a recent retail survey by the Retail Council of Canada (along with Wharton and Verde) titled “Discovering WOW,”  shows that, of the top five categories of great shopping experiences, the top priority for loyalty and customer experience is ENGAGEMENT.

Statistics and Gaps 

The following statistics and information from a CMO Council  study tells us something….

“38 percent said their companies have no programs in place to track or propagate positive word of mouth among customers.”

“Only 31 percent rate their company’s commitment to customer listening highly.”

“Many companies have are discovering that they have no idea what their clients’ real customer experiences are. ”

It tells us that there are a lot of gaps when it comes to customer experience.

Filling the Gaps: Success in the Insurance Business Through Engagement and Client Focus

One insurance company has filled the gaps and understands why it is important..

norwich

Aviva (Norwich Union) are the fifth largest insurance company in the world and the largest in the UK. They deal with “real moments of truth”- floods, fires, accidents, death- and need to get customer experience right.

Aviva’s worldwide mantra is  ”Prosperity, peach of mind, health & wealth. ” They need to live up to this to survive. And during these tough times it is even more important,  since the insurance industry’s reputation  is jaded and there is lack of trust overall.

Darren Cornish, Director Customer Experience, Norwich Union, worked with Beyond Philosophy (a leading customer experience consulting firm in the UK) to help them fill the gaps.

Quoting Mr. Cornish on his work with Beyond Philosophy:  ”The best thing to do before designing any form of startegy is to go out and talk directly to the customers (and to the staff)- the front line.”

He found out that there was a degree of disconnect and it all distilled into two principles- customers want to trust us and want Norwich Union to “do what we say we do. ”

He also discovered that Norwich Union (and the insurance industry in general ) did not seem to demonstrate  that they cared- they were not interested in “me  (the client) as a person”.

Customers were often seen as a number. Customers felt like THEY were the victim. This killed the trust factor.

So what were the first steps? Engage senior management- work it from the top.

He discovered that “Our processes have been designed from the inside for efficiency and not with the customer in mind. The measurement and the incentives in place were damaging the customer experience. The IT systems needed to be shifted towards the customers. Marketing and communications were all about acquisition and not  customer connections.”

Norwich Union went on to build a successful customer experience program through engagement and client focus.

 

“I am a broken record when it comes to saying, ‘We have to focus on the consumer.’…I don’t think the answers are just in the numbers. You have to get out and look.” - A.G. Lafley, former CEO, Procter & Gamble

Trip Allen, Team Egyii, Singapore

Tips and Advice for Financial Organizations from a Leading Research Organization

Friday, July 17th, 2009

 

The Egyii team recently attended a financial services briefing in Singapore, hosted by Gartner, one of the global leaders in research and analysis.

gartner-2

The following is some of the advice offered to the Singapore and global banking community.

(Highlighted in Bold Italics are quotes from the analysts. The rest  are comments from Team Egyii)

Technology can help but it’s not the be all to end all. CRM systems, online support, Etc are important, but facing the client (face to face), is more important.

Banks going back to basics- focus on core business away from the peripherals. Too many complicated programmes were rolled out over the years. This caused too many problems and contributed to the  collapse. Keep it simple moving ahead.

Be more inclusive with clients as they have lost your trust. Remove yourself from siloed thinking and involve the customer in more decisions.

Best innovations come in time of bust- don’t stifle innovation. If you wait you will be left behind- you will never catch up. Be  bold- try new things, otherwise someone else will beat you to it.

Life goes on (during the crisis) so understand what your customers are doing.  Don’t put everything to a halt as business continues- keep client focused.

Internet usage and popularity in Singapore facts and stats: Facebook ranks 4th, users spend avg 23.2 mins. DBS ranks 17th, users spend avg. 4.1 mins. Times are changing.  How do you engage and listen to the voice of  your clients in these times?

Customers  say- “It’s my money, so listen to me.” Retailers get it & respond. Banks don’t. How do you respond to your clients needs?

Banks need to get more advice from peer groups. The web community is one way…face to face is another.

Know me (the client). Know my life. Retailers know it & get it. Banks don’t.” retailers engage well with clients why don’t financial organizations?

The client is pleading…”Please. I need a helping hand. Help.” They are calling for you- respond please.

How many helpful and meaningful  messages have been sent to customers during the crisis about what is really happening (and what to do about it)? 0- zero.” (from research of 25 major banks) Banks need to communicate better, not just from a broad sense but from a personal sense.

Customer experience is about building trust and understanding the entire customer experience process. Don’t segment it- look at the whole experience and the different ways of delivering it.

Customers want help. The financial organizations are not there- they are too internally focused. How do you focus on the client when he is crying for help?

Your customers have interests outside of banking and insurance. Look beyond the immediate financial services relationship. Look at building personal relationship where you can…

 

In conclusion, times are tough but you must forge on. Don’t sit back- take advantage of the situation as you will benefit long term. Keep it simple and focused on the client..

Trip Allen, Team Egyii, Singapore

Client Focus: Simple but Hugely Overlooked

Monday, July 13th, 2009

 

What’s lacking in many businesses today is client focus. Client focus is potentially the answer to your business woes.

How can such a simple thing be overlooked?

Because the world is running around like crazy. Unfocused.

Too many people are getting too in depth as to why all the problems were caused and too many people are presenting too many complicated solutions.

stressIt is completely insane.

So stop the insanity. Push everything aside and let’s get focused on what matters.

CEOs. Marketers. HR Managers. COOs. Sales Profesionals.CIOs.

Let’s all rally and get back to the basics.

Visit  your clients. Listen to your clients. Work for your clients.

If you are too focused on the problems and the business, you are not focused on the client.

One on one, with the client, however you do it.

Simple enough.

For more, see:

Sizing Up Short to Long Term Methods to Drive Business Results by Egyii

Why is it that Banks Don’t Get Customer Experience? by Egyii

Are You Client-Focused, Or A Client Vulture? By Charles H. Green

Trip Allen, Team Egyii, Singapore (it’s Monday!)

Interview with Charles H. Green, Trusted Advisor Associates, Part 2

Tuesday, July 7th, 2009

 

Trust.

It remains a hot issue and will for a while.

With that, we at Egyii will be doing a series of interviews and Podcasts with the leaders in Trust, in anticipation of our August announcement on our new programme on Trust.

The second of the series is Charles H. Green, one of the founding fathers of the “trust movement ” and founder/CEO of Trusted Advisor Associates. He is the author of Trust Based Selling and co-author of The Trusted Advisor. His expertise is in trusted relationships in business. For more on Charlie, click here.

charlie1

Here is Part 2 (a continuation of Part 1).

The following is transcribed from a recorded session.

Trip Allen: Moving on to 2006, the theme of your second book called “Trust Based Selling,” encompasses two words: sales and trust.

These terms together have a bad reputation and don’t mix well with the business world, a little like oil and water.  Can you elaborate a little bit on that?

Charlie Green:  Well, you are exactly right and I was completely conscious of that when I wrote it that way. In fact one major firm told me if you write a book with “sales” in the title we are not buying it.  The phenomena you just mentioned is that strong, and I wrote that way any way because I wanted to play off the tension.

I think the word sales or selling is a four letter word.  We all have these negative feelings about it, and the whole sales function in many ways has gotten a bad name, too.

What fascinated me about is that sales is where the person and the business come together. When a company buys from one and sells to another, with the exception of reverse online auctions, there are people doing “the deal,” and that is where institutions come together, where they connect. That is what fascinated me – how do people behave when there is serious money at stake and they are doing business? That is the essence of commercial relationship; commerce, in the old sense of the word.

I am happy with the choice I made, because I think it intrigues people. They say “how can you put those two together?” Well, you examine why they don’t fit, and it turns out to be a very interesting way of looking at it.

In a nutshell, there is nothing that sells better than being trusted – period. That’s the power of trust in the commercial relationship. I just find it fascinating.

trustbasedselling-book

Trip Allen:  Charlie, what’s the biggest thing you see wrong with selling today? You just mentioned that the reputation of a salesperson is bad, but what else do you see out there? What’s happening?

Charlie Green:  Well, it’s a great question because 10 to 15 years ago the biggest problem was salespeople selling and really not understanding the customer very well.  I think we have come to have a different problem and that is, let me call it the “mechanisation” of selling or the overdoing of “process reengineering” and the overuse of sales management systems.

Because of that we have broken the personal relationship and we have taken that “commercial” personal relationship (that I mentioned) and broken into a thousand mechanistic, metrics based, measurable behaviour based process. We have taken something that is, ought to be and can be very personal and have essentially depersonalised it. We have gotten to a level of detail where too often metrics have taken over from what the metrics were supposed to be measuring. People have therefore long ago “lost the forest for the trees” and have gotten deep in sequentially linked behaviours, so there is no relationship left.

I would actually say that is the biggest problem in selling today. We have lost the long term interpersonal relationship component of it. Every business I can think of out there still has an enormous amount of room for an increase in the level of relationships, and again, nothing is still better than that.

Trip Allen:  Great Charlie. One thing I am going to pull specifically from the book and one of the many activities I use – and I believe is very powerful,  is called “selling by doing and not telling.”

Traditionally salespeople told clients about the products, the features, the benefits etc. Salespeople have pretty much controlled the conversation. Can you elaborate a little bit on “selling by doing not telling?”

Charlie Green: Yes, and thank you for raising that. I agree with you, that is one of the powerful ideas in the book. If you think of it this way, with “selling by doing and not telling,” the more complicated the product, the more intangible the service, the longer relationship,  the more difficult  the whole sales process is, the less it is likely to be about snap decision and product qualities and so forth.

It’s complicated.

What you don’t want if you are buying a jet engine or if you are buying an audit or buying a brand advertising campaign, is to “out the expert the expert.”  That is an endless game that you will never win as a client or a customer.

What you really want to do is to be able to sleep at the night knowing you made the right decision about the person you deal with. And that is not going to come through PowerPoint presentations, Etc.; people are human beings and not persuaded of the trustworthiness of another human being by overused tools such as PowerPoint decks.  We’d like to think they are, and they will tell us they are, but they are not.

We are all human beings and profoundly make trust judgments based on much more of a “gut feel,” emotional feelings through connectivity and emotional feelings of safety. And that’s simply the way it is. I think we sort of rationalize it with all the logic and the data because, after all, we are supposed to be able to justify things.

That’s all true. But “selling by doing” basically says, instead of telling somebody about all the other past clients and all the wonderful things you have done, leave that behind and “just do it.” Deal with the person in front of you and deal with their issues, with their concerns and bring to them all the wonderful things and experiences you can deliver for them.

Just to simplify, I like to say it is like going out on a blind date with somebody. If they were to talk about the last seventeen people they went out with, you would be bored and offended.

But if on the other hand, what if your date is interesting, innovative and engaging and instead they ask you questions about you, we love that. We love it when people make the topic and conversation about us.

We need to take our expertise and apply it in real time to the problem at hand as it affects the person sitting in front of us. They don’t want to hear our resume or our history. They want to hear what our resume means for them.  That’s what “selling by doing and not telling” is all about.

Trip Allen: Great. Thank you for that. The next question has to do a bit with “selling by doing a not selling,” but it is all about collaboration. That is another key point you have in your book “Trust Based Selling.” How does collaboration improves trust and thereby improve the relationship?

Charlie Green: Well collaboration is one of the important elements I outlined in the book and it goes well beyond selling actually, although we will focus on the selling aspect only.

The other three key elements on the list are transparency, focus on the well being of the client (for sake of client and not just for us) and the tendency to look at the medium to long term (rather than just the short term).

Collaboration may be just the most important of the four elements. In any case, what collaboration means is a fundamental mindset. It says “I am not in this for me and dealing with you as an object. We are in this together. We are in for the sake of however long this relationship is going to be, working together for the greater outcome for both of us, but mainly for you, the client.”

So any decision we make has to be good one for both of us. We both have to be involved in it. We can’t keep too many secrets from each other. And if you begin thinking that way, you will begin behaving that way. You’ll start sharing more information with your customer, you’ll start feeling more free to ask them questions. After all, you have to know their answers in order to be collaborative, and frankly it even begins in the selling process. 

In those businesses that have process of using proposals, my “radical” suggestion is to write the next proposal, sitting next to the client in their offices. Instead of saying “great discussion” or “I’ll get back to you with the proposal later this week,” say “let’s book the conference room again and let’s work on this together. I know it is a proposal and, we may not get the job, I understand that. But if we may do this, you will have, at the end of the day, the best proposal possible from the combination of the two of us. By the way I suggest doing that with other potential vendors also. You will learn so much more about working with people if you begin working with them.’

That is an example of the power of collaboration.

End of Part 2. To be continued…

Trip Allen, Team Egyii, Singapore

Interview with Charles H. Green, Trusted Advisor Associates, Part 1

Friday, July 3rd, 2009

Trust. It is a hot issue and there is a good reason for that.

With that, we at Egyii will be doing a series of interviews and Podcasts with the leaders in Trust, in anticipation of our August announcement on our new programme on Trust.

The first of the series is Charles H. Green, one of the founding fathers of the “trust movement ” and founder/CEO of Trusted Advisor Associates. He is the author of Trust Based Selling and co-author of The Trusted Advisor. His expertise is in trusted relationships in business. For more on Charlie, click here.

charlie1

Here is Part 1.

The following is transcribed from a recorded session.

Trip Allen:  On this session of the Egyii edge, we have Charles H. Green of Trust Advisor Associates. Today the topic is ‘Trust’.

Tell us about your background and why you became so passionate about trust?

Charlie Green:  The main driver was that I spent 20 years working in the management consulting business, 10 as a management consultant and 10 helping to run the firm.

What I learned about that business was that you are selling “air,” in a way. It’s a very intangible, non unphysical kind of a service. You are selling it through people who are very bright and driven, and also little neurotic, who can’t quite get enough feedback.

You are selling this intangible “stuff” from smart people to people who manage the whole enterprise, are a little suspicious and often equally as bright. From that, I found that trust had an awful lot to do with it.

What I also found was that the clients could not compete with the consultants in terms of expertise, so the situation is a bit like a doctor- clients find it somewhat intimidating. Ultimately, the clients themselves didn’t like to be controlled either. So, the whole thing is very much run on the principles of trust, from selling in the firms to leadership of the firms.

So, as I got older and looked at more clients and businesses, I began to see general patterns of trust emerging in how businesses get run. So it’s from my personal experiences -that’s where it came from.

Trip Allen: About 9 years ago you really hit the streets with a book called “The Trusted Advisor,” which you co-authored in 2000. Today, it is a very well known, well respected book and programme. So tell us about what impact the book had on the business world at that time?

trustedadvisor-book

Charlie Green:  Well, it wasn’t one of the “big splash” books, but at the same time it was an idea where we hit the timing just right. The phrase “trusted advisor” had some resonance with people already in a lot of different professions like accounting, law, consulting, public relations, advertising, etc and it turns out it’s rather an annuity and it sells about  5 or 7 thousand copies a year.

I think the reason is you get to a certain point in your career in public accounting or consulting  or any of these consultative related business, or any business at all,  and you then feel you have a need to go buy “The Trusted Adviser.” So it’s turned out be like a little bit of an annuity. We don’t make a lot of money on it but it is always out there.

Trip Allen: Let me ask another question, since the “Trusted Advisor” book, what changes have you seen in the area of trust?  Over the past 9 years certainly a lot has happened.

 Charlie Green:  Well, yes. The most obvious thing is that in the past couple of years and months, the term “trust” has taken another whole new level of awareness in terms of visibility.

People suddenly raised it to a whole new level of business awareness and it’s obviously because of the recession and the great dramatic events that happened in the financial sector over the past several years.

And lot of that has to do with systemic failures of trust; trust at the individual level, trust at the organisational level and in some ways particularly at the institutional and social level.

It’s become relatively obvious when you get people like Bernie Madoff, that everybody can look at and say “wow, what a failure of trust, look what happened to the people who trusted him, we thought he was trustworthy, he wasn’t.”

I think the past 4 or 5 years in the financial sector have been the single biggest reason for the growth of trust and, depending upon what measure you look at, the decline of trusting and trustworthiness among people and businesses.

End of Part 1. To be continued…

Trip Allen, Team Egyii, Singapore

Stay Focused, Stay Flexible and Stay on Board

Wednesday, July 1st, 2009

 

Things are heating up!

singapore-business-review-july-09

Egyii is featured in an article titled “SMEs Send Out the SOS: Seven SME Owners Tell Their Stories from the Recession Frontline ” from the Singapore Business Review,  July 2009.

“Stay focused, stay flexible and stay on board.”

For the complete article, click here.

 

 

Trip Allen, Team Egyii, Singapore

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