Different Execution of a Communication Message

 What is meant by “execution” in an advertising sense?In advertising and communication programs, one of the challenges is to execute a good creative idea.Marketing students sometimes have difficultly understanding how an idea may or may not be executed well.This is because, in theory, once a creative campaign has been planned out, its execution should be

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Positioning Example: Banks versus Credit Unions

 A Good Example for Understanding PositioningPositioning is how the firm or brand wants to be perceived by consumers relative to its competitors. It is a very important topic in the study of marketing and usually forms the basis of a firm’s competitive strategy. Typically the firm structures its entire range of  marketing mix elements around

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High Customer Satisfaction Goals May Lead to Reduced Profitability

 Is a High Customer Satisfaction Goal Worthwhile?The ongoing pursuit of high customer satisfaction (CSAT) scores may have a negative impact on the firm’s profitability over time.While there are substantial benefits stemming from high CSAT, it is important to balance both the needs of the firm and its customers.Because of the interplay between the consumer’s expectations

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Why most customers are just satisfied

 Overtime most customers will be “just” satisfiedMany organizations find it frustrating that their customer satisfaction (CSat) scores reach a plateau and it becomes very difficult to achieve real increases in CSat. However, this is caused “naturally” and, overtime, all firms will find that their customer base primarily fits into the “just satisfied” range on their

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The High Customer Satisfaction and Low Profitability Paradox

 Is Pursuing High Customer Satisfaction Worthwhile?The relationship between high customer satisfaction, leading to increased customer retention (loyalty), resulting in increased long-term profitability is generally well supported by academic research and commercial practice.But there are situations and industries where this logical relationship may not hold true. Therefore, when reviewing customer satisfaction issues it is important to

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Value Proposition

 What is a “Value Proposition”?A key aspect of a successful marketing strategy is the clear definition and communication of a sought-after value proposition. A good way to think about the firm’s value proposition is consider what is different and beneficial about the firm’s (or brand’s) offering/s in the marketplace.Over time, firms/brands will develop and enhance

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What is the difference between customer satisfaction and customer value?

 Customer Satisfaction (CSat) and Customer Value are Different Concepts in MarketingCustomer satisfaction and value are both fundamental concepts in the understanding of marketing. It is important to note that while they are highly interrelated, they also operate independently.Essentially, value is when a consumer perceives that they will get a good deal from the company, brand,

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Why under-promising and over-delivering is a poor strategy

 Don’t Under-promise and Over-deliver!It’s a common cliché to under-promise and over-deliver, which even some marketing consultants and professional speakers have tended to suggest. The problem with this approach is that it is based on a very simplistic understanding of the customer satisfaction model and is a very poor strategic choice for a firm.Let’s start at

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