Customer Equity is the first book to provide a unifying framework and practical tools for measuring customer value--the potential profitability of each customer to the company--as a financial asset. Drawing from successful examples of customer equity management in a variety of industries, the authors outline how to build and implement powerful new business and marketing systems centered around four key practices: 1) balancing customer acquisition, retention, and add-on selling; 2) managing the customer life cycle; 3) exploiting the power of databases; and 4) precisely quantifying customer value. A comprehensive method for managing customer portfolios across segments and over time, Customer Equity enhances the ability of marketers, IT professionals, and senior executives to make better decisions, generate higher profits, and increase shareholder wealth.
By Gary Getz, Robert Blattberg, Jacquelyn Thomas
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