While maximizing your return on customer (ROC) sounds like a purely financial goal, the fact is it requires a customer-oriented perspective. For the approach to be successful, everyone in the company — not just sales and marketing — must understand and embrace the ROC mindset: Treat customers fairly and openly — the way you would want to be treated.
For many companies, implementing ROC will require a sweeping cultural transformation. You'll have to rethink how staff interact with customers, how services are positioned externally and internally, and how employees are trained and compensated.
Creating a customer-oriented culture starts with the CEO, who needs to:
Accumulate expertise in customer-focused strategies and relationship management.Establish reward structures that balance pay for performance with customer-oriented incentives.Interact with customers.Live by customer-oriented values. If you're ready to apply the ROC philosophy to your company, here are tips to ease implementation:Educate existing and new employees on the tenets of the culture.Designate a core team of “change managers” to serve as role models in applying the philosophy.Use computer programs that consolidate customer interactions into an integrated system that all staff can access and update.Invest in developing soft skills, such as team building.When your employees' primary objective is to see things through a customer's eyes, they are likely to do the right thing, adding value to your business.
Martha Rogers, Ph.D., is a founding partner of the Peppers and Rogers Group, a management consulting firm based in Norwalk, Conn.