how can one achieve excellence in services marketing ?
TRANSCRIPT
How can one achieve excellence in
Services Marketing ??
Marketing Excellence
• preparing, pricing, distributing and promoting service.
• training and motivating employees to serve well
• describes employee’s skill in serving the client
Strategic Concept
Top Management Commitment
.
Quality
Service
Cleanliness
Value
High Standards
Best service providers set appropriately high standards. eg : Citibank aims to answer calls within 10 seconds.
Profit Tiers
Most profitable customers are given special discounts, offers to reinforce their loyalty.
Double edge sword as other customers can badmouth the company.
Monitoring Systems
Top firms audit service performance, both their own and competitor’s. Use customer surveys, comparison shopping, ghost shopping, etc.
Satisfying Customer Complaints
Disappointed customers must be encouraged to complain and their grievances resolved in a speedy manner.
Differentiating Services Firms must differentiate their brand from
competitor’s, so that customers do not choose
the economical option instinctively.
Primary And Secondary Service Options
Marketers can differentiate their service offerings in many ways, through people and processes that add value.
What customer expects is called primary service package. Provider can add secondary services such as loyalty programs, free merchandise, etc.
Innovation with Services
A major challenge is to innovate persistently to keep
ahead to competitors.
New service categories such as Online Travel, Private
Aviation, Retail health clinics have come up and in
some cases organizations have created creative
solutions in existing categories.
Disclaimer