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EXECUTIVE STRATEGY MONTHLY EDITION

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May 2014

Special Report: Customer Experience

Big News

Highlights: Profit Online

Sponsor: CardConnect

Highlights: Oracle Voice

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SPECIAL REPORT

 

Customer Experience

In May, Oracle released two customer experience (CX) surveys. They revealed that B2C commerce professionals are pushing the envelope with advanced CX and customer loyalty strategies, while B2B commerce professionals are doubling down on omni-channel CX.

"Consumer expectations continue to change the way both B2B and B2C businesses sell online," said John Andrews, vice president of Product Management, Oracle. "In B2C there is a renewed focus on increasing loyalty as competition grows at a fever pitch. Meanwhile, B2B organizations are still under increasing pressure to adopt B2C commerce best practices. Developing customer-centric approaches and investing in omni-channel initiatives will be key to online revenue growth for both B2B and B2C organizations in 2014."

Here, get more insight into these surveys in the latest issue of Profit. Plus, find out more about the best ways to earn competitive differentiation by offering a distinct customer experience, and discover how focusing on customers can lead to category-killing innovation.

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BIG NEWS

 

Your Best Shot

"You have to be more nimble, you have to be platform-agnostic, and you have to be willing to change the course quickly," says social media expert Gary Vaynerchuk, author of Jab, Jab, Jab Right Hook. "Platforms die, platforms are created. That's the name of the game."

Gary Vaynerchuk

Follow the Customer

"You should really ask the question 'Why do our customers buy from us rather than from our competitors?' If you can answer the question—and build consensus around it—then you are starting to get at the heart of your differentiation and competitive advantage," says Niraj Dawar, author of Tilt: Shifting Your Strategy from Products to Customers.

Niraj Dawar

Best Practices in Customer Experience Management

"An optimal customer experience management support approach should explicitly take into account the high dynamism of the field, with quick changes to both the customer preferences and the available technology," says Petar Kajevski, a director in the Insight and Customer Strategy team at Oracle.

Petar Kajevski
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PROFIT ONLINE

 

Customers First

"There will always be a competitor in the market who can beat you on price. Competitors can always increase research and development spending and try to out-innovate you," explains Suresh Sidhu, chief corporate and operations officer at Celcom. "But it's much harder for a competitor to disrupt the strong, positive relationship we are building with our customers. We believe it's the market's best differentiator."


Top Gear

Fox Head's e-commerce strategy puts users in the driver's seat.


Better Business

KIND's mix of product quality and social mission has been a recipe for rapid growth.

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SPONSOR: CARDCONNECT

 

Protect your business from a breach with the only Oracle Validated Integration for electronic payments. Sensitive credit card data is secured by patented tokenization and off-site hosting, greatly reducing PCI scope. A comprehensive solution, CardConnect optimizes payment methods for retail, e-commerce, mobile and MOTO sales channels. Learn more at erp.cardconnect.com.

CardConnect ERP
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ORACLE VOICE

 

Highlights from Oracle’s blog on Forbes.com

  • Beyond Brute Force: 3 User-Friendly Strategies for BYOD Security

    Because personal work devices have proliferated so rapidly, CIOs have to build a strategy immediately. According to Gartner, 80 percent of all user access to the enterprise will be via mobile devices by 2020 (compared to only 5 percent today). To get started, here are three concepts to incorporate into your strategy.

  • Cloud, Analytics, Mobile, and Social: Convergence Will Bring Even More Disruption

    The convergence of these trends is creating a coming wave of disruption that will let companies drive improved customer satisfaction, sustainable competitive advantage, and significant growth in enterprise value—but only if you are ready for it.

  • 6 Key Steps to Customer-Centric Modern Marketing

    Becoming customer centric isn't just a state of mind. It means learning new skills, so that you can take today's rapidly emerging marketing automation tools, and apply them to create relevant, targeted, and valuable customer experiences.

Forbes
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WEBCAST

 

Gartner Explains the Necessity for Enterprise Architecture

Enterprise architects are among a CIO's most trusted advisors. Watch this on-demand webcast featuring a Gartner distinguished analyst to learn more about the role, value, and best practices of enterprise architecture.
Watch the on-demand webcast here.

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ABOUT PROFIT

 
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Profit May: Customers First

For Celcom, customer experience is the way back to the top.

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