An organized collection of comprehensive data about individual customers, prospects, or suspects that is currently accessible for marketing purposes.…
| * Helps company to know states population and population density so they may take decision to which area they have to focus more for good market for product.…
Unit 3: P5 - Explain how and why groups of customers are targeted for selected products.…
Keeping customers satisfied is important to organisations because it has potential benefits to the organisation meeting financial or service goals for example staff bonuses, recruitment of new staff, opening new branches, promotion of existing staff and boost to organisation’s image or reputation. However, if the customers are not satisfied there are potentially negative consequences such as the organisation not meeting its financial or service goals which could lead to employee’s jobs put at risk, no pay rises given, damage to organisation’s image or reputation.…
Investigating, identifying, assessing, and including the needs of customers and determining the potential market for their product / Service, organisation can determine where their product / service is or is most likely to be successful. Identify the most profitable sections of the total marker and use your understanding of customer needs, wants and expectations when planning product / service design, operations processes, marketing strategies and customer service techniques.…
* The organisation is not achieving targets as yet but have set targets for the coming years e.g. stepping up the price war as a goal target of the year 2020, halving there packaging prices(using less packaging on their own products etc).…
Setting of organisational objectives is the starting point of managerial actions. An organisation’s end results for which an organisation strives is termed as mission, purpose, objective, goal, target etc. Many times, these terms are used interchangeably as all these denote end results. This unit is about providing direction to people in the organisation and enabling, inspiring, motivating and supporting them to achieve what the organisation has set out to do. It is expected to apply different styles of leadership appropriate to different people and situations. For the purposes of this unit, an organisation can mean a self-contained entity such as a private sector company, a charity or a local authority, or a significant operating unit, with a relative degree of autonomy, within a larger organisation.…
Most markets are made up of groups of customers with different sets of expectations about the products and services that they want to buy.…
Studying the data showed that ‘completely satisfied’ customers were more than three times as likely to become repeat customers as those who said they were only ‘somewhat satisfied’. This piece of information was like a ‘lightning bolt’ for the company. It showed that customer satisfaction has a direct impact on sales and profits.…
As employees want a high salary, stable work, and generous post-retirement benefits. So the performance goals for employees to focus on are the survival of the organization and liquidity, which is relate to the profit and return on earnings…
It discusses and evaluates the target segments, defining characteristics of customers. The discussion will highlight the satisfaction of the needs and wants of targeted customers in relation to the current products.…
• Dr Herman Aguinis, 2009, Performance Management, Edinburgh Business School, Heriot Watt University, Available from: http://www.ebsglobal.net/documents/course-tasters/english/pdf/h17pe-bk-taster.pdf, Last Accessed 28th March, 2013.…
• To identify key audience, what they know about Company, what they need and want to know and how they prefer to be reached…
While we have a core following of customers, in order to make sure that we are getting our fair share of the market…
Feedback from EFQM Member Survey (Apr-09) Recognition of strong and emerging trends, such as innovation, risk management and sustainability Feedback from the National Partners, Assessors and Training Faculty Feedback from EU on improving the relevance and visibility of the Model…