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Re:Let Customers Be Your Guide to Success

makes an impact at that moment of whether customers are more or less likely to do business with that firm again now and in the long term, 

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Re:Let Customers Be Your Guide to Success

 i.e., their profitability. Organizations need to balance their need for short-term revenue with their need for long-term sustainability. 

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Re:Let Customers Be Your Guide to Success

An enterprise that takes too many actions that drive short-term profit at the expense of long-term customer satisfaction may over time find that it no longer has customers to sell to.

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Re:Re:Let Customers Be Your Guide to Success

Partnership - Of course, different businesses require different types of partnerships;


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Re:Let Customers Be Your Guide to Success

but one company may itself have multiple types of relationships with its various customers. 

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Re:Let Customers Be Your Guide to Success

Making a partnership successful requires first understanding your company's and customers' expectations of what that partnership should be. 

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Re:Let Customers Be Your Guide to Success

Dow Chemical, for example, partners closely with customers that require extensive customization of its products, while also offering online self-service for customers that need only purchase standard products and that want them in the fastest time at the cheapest price.

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Re:Let Customers Be Your Guide to Success

Both partnerships are based on value, but the value for the former is based on collaboration; the value for the latter is based on efficiency.

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Re:Let Customers Be Your Guide to Success

From the customer perspective, partnership may be as simple as getting what they expect--based on branding or contracts or interactions.

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Re:Let Customers Be Your Guide to Success

For the customer, having a "partnership" is often just knowing that the organizations they do business will deliver the service, price, or product they have promised.

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