Customer-Led Success Stories
Beyond the Book: Introduction to the Series
Some companies are great for customers – not only do they care but they change whole markets to work better for the customers they serve. Think of Amazon, easyJet and Sky. They make things easier and improve what really matters – obvious, surely? They have also enjoyed huge business success, growing and making plenty of money.
The Customer Copernicus answers the question that follows – if it’s obvious and attractive why is it so rare? And then it answers a second question, because Tesco, O2 and Wells Fargo were like this once. Why, having mastered it, would you ever stop? Because all three did, and two ended up in court.
In The Customer Copernicus book we explain how to become and how to stay customer-led, making things better for customers by going first, into uncharted territory. We tell the stories of 18 different organisations who have each become what we call customer pioneers, a shorthand description of the kinds of customer-led successes at the heart of our work.
A story of customer-led success:
giffgaff
giffgaff takes being customer-led, pioneering innovatively on behalf of customers, to the extreme. For twelve years and counting giffgaff has grown and led in its sector with its outside-in thinking, trusting the community which the business serves and being steered by them to an extraordinary degree. First conceived in April 2009, it launched as an innovative new venture by O2 (by then owned by Telefonica) in the UK with the aim of seeing whether a mobile network inspired by social media and digital collaboration could create value in new and better ways for a segment of the market.
CEO Ash Schofield sums the giffgaff ethos up with one word.“It’s about mutuality,”he says. We believe that giffgaff’s approach epitomises customer-led success. They have been prepared to lead, to believe that they will ultimately succeed if they make things better for their customers (or members as they call them) by listening, trusting and reflecting what matters most to them in the ways they operate.
The Glasgow Neonatal Unit
This is a story about a policy change in the Neonatal Unit of The Royal Hospital for Children in Glasgow. That might sound like a technicality but it’s fundamental, a change in the shared beliefs that guided the way care was provided.
It has seen parents (the customers in this situation, at least the customer group old enough to speak) controversially taking the lead in the treatment and nursing of their premature and sick babies. Despite the perceived risks, this has had a profound positive effect on the lives of the babies, the families and the culture of nursing and care in the unit.
While some changes on the unit are the direct suggestions of parents, the new policy is not a matter of implementing a list of requests. It is a culture of listening to families and understanding what they really value and need from neonatal support, then taking the initiative in providing a radically different form of care by being innovative and by empowering colleagues.
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- Customer-led success stories
- The Customer Copernicus: How to be customer-led
- Customer-led success stories
- The Customer Copernicus: How to be customer-led
Research Information & Knowledge Hub for additional information on IMD publications
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Since becoming DBS Bank’s CEO in 2009, Piyush Gupta led its transformation to become a standard setter globally for digitalization and customer centricity in financial services. This transformation started with fixing the basics (2009-2014), in wh...
To stay ahead of competitors, DBS knew it needed to continue to innovate and improve customer centricity. To do so, it decided to move to a horizontal organizational structure, an approach it named Managing Through Journeys (MtJs). This involved b...
Consumer preferences are increasingly favoring brands with a strong local identity. The reasons for this trend include environmental concerns and challenges in our fast-paced, interconnected world. Global crises -- such as the COVID-19 pandemic, c...
More than 80% of purchases are made by women. But reaching, interacting with, and converting female consumers is a challenge for most companies. You can get through the maze of marketing to women by using these four guidelines.
While it’s tempting for business leaders to think they can safely navigate a divisive cultural and political landscape, it’s a fool’s errand.
Wharton professor Peter Fader unpacks the transformative power of customer centricity and why understanding customer lifetime value is crucial for business success.
The case study delves into strategic transformation and leadership transitions at Unilever since 2009. Unilever has been an industry leader of business sustainability. Paul Polman was a pioneer who introduced the idea that, by addressing social an...
Leading Chinese companies are preparing to take advantage of exposure and opportunities as top sponsors and suppliers to the UEFA EURO 2024 Men’s Soccer Tournament (Euro 24) — played by European teams thousands of kilometers away from China.
In this interview with Piyush Gupta CEO of DBS, we explore the bank’s market-oriented transformation journey from an underperforming mainly local Singaporean bank to becoming a globally significant Asian-based player earning accolades such as “Wor...
Marketing campaigns for sustainable offerings often fail, leaving businesses with products that do not sell. How can companies reach customers more effectively?
Case reference: IMD-7-2633 ©2024
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To stay ahead of competitors, DBS knew it needed to continue to innovate and improve customer centricity. To do so, it decided to move to a horizontal organizational structure, an approach it named Managing Through Journeys (MtJs). This involved b...
Case reference: IMD-7-2634 ©2024
Research Information & Knowledge Hub for additional information on IMD publications
Since becoming DBS Bank’s CEO in 2009, Piyush Gupta led its transformation to become a standard setter globally for digitalization and customer centricity in financial services. This transformation started with fixing the basics (2009-2014), in wh...
in FamilyBusiness.org 28 October 2024
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in I by IMD 17 October 2024
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in I by IMD
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in I by IMD 19 July 2024
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in AMS Review June 2024, vol. 14, pp. 158–167, https://doi.org/10.1007/s13162-024-00278-6
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Research Information & Knowledge Hub for additional information on IMD publications