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Product Announcement: Customer Value Analysis

Not all companies are struggling to retain customer loyalty.

Fri, 05/29/2009 - 14:25
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(Quality Solutions: Cleveland, Ohio) -- Not a day goes by that we don’t hear about thousands of layoffs, plant closings, shrinking sales, and evaporated profit margins. It is easy to let fear overtake us to the point that it cripples management so much that their performance becomes a self-fulfilling prophecy.

The companies that survive and prosper during this period are the ones who refuse to relinquish market share and offer product and service solutions that differentiate them from their competitors. The goal for these companies is to maintain or even grow their sales in new and existing areas and strengthen long term customer relationships. Relationships can be easily strained. Strengthening relationships can be attained when suppliers or service providers target their daily efforts to address customer expectations. Customers want to avoid the hassle factors. Now more than ever before companies need to redouble their efforts to make it easy to do business with them.

Some companies are seeking to jumpstart their sales by simply cutting prices and selling by what some refer to as brute force. These efforts jeopardize the long-term viability of these companies and create no real value for the customer when the service performance is terrible or the product quality is inferior.

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