Every single person in every single company is either in sales or affects sales. Every single person in every single company is either in service or affects service.
Jeffrey GitomerRead
Customer satisfaction is worthless. Customer loyalty is priceless.
Interpretation
Customer satisfaction alone does not ensure business success; it's the loyalty that customers have that truly matters.
In this quote, Jeffrey Gitomer emphasizes the significance of customer loyalty over mere satisfaction. While satisfied customers may have positive experiences, loyalty ensures that they will return and continue to support the business, thus providing lasting value. Loyalty builds a stronger relationship and often leads to recommendations and referrals, which are crucial for long-term success.
In practice
In a business seminar discussing long-term strategies, this quote can be used to emphasize the importance of building loyal customer relationships.
Every single person in every single company is either in sales or affects sales. Every single person in every single company is either in service or affects service.
If you own the problem, you own the customer. If you lose the problem, you lose the customer. It's that simple.
Owning a popular sports team is very different than any other type of business. They don't throw parades when Apple has the biggest quarter in corporate history. People don't call and email asking for anyone from the team to come visit their sick child. They don't cry as they request a jersey of their child's favorite player to be buried with them.
It is difficult, but not impossible, to conduct strictly honest business.
Conscious means "having an awareness of one's inner and outer worlds; mentally perceptive, awake, mindful." So "conscious business" might mean, engaging in an occupation, work, or trade in a mindful, awake fashion. This implies, of course, that many people do not do so. In my experience, that is often the case. So I would definitely be in favor of conscious business; or conscious anything, for that matter.
If I had one dollar left, I'd spend it on PR
Zoom does not focus on revenue goals, but rather we have confidence that focusing on the happiness of existing customers and our employees will organically increase growth.
Growth makes management easier. In particular, it makes making labor concessions seem easy. It's when growth stops because you're being disrupted that managing becomes really, really hard, and as a result, most disrupted companies simply disappear.
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