4.7customer management
follow the requirement
2 years ago
50
TemplateforCW2-P123456-MARK3114-CW2-Copy1.docx
CustomerManagementCoursework2Checklist_2023-241.docx
w21-SeminarSlides1.pptx
- CustManagement_w21_CW2workshop_v11.pptx
- P2818668-mark3114-cw11.docx
TemplateforCW2-P123456-MARK3114-CW2-Copy1.docx
TITLE PAGE TO BE COPIED FROM CW1
Contents 1. SMART OBJECTIVES, DIGITAL STRATEGIES AND MARKETING METRICS 3 Objective-Strategy-Metric 1: Customer ………. 3 Discussion 1 3 Objective-Strategy-Metric 2: Customer ………. 4 Discussion 2 4 Objective-Strategy-Metric 3: Customer ………. 5 Discussion 3 5 2. CONCLUSION 6 REFERENCE LIST 7
1. SMART OBJECTIVES, DIGITAL STRATEGIES AND MARKETING METRICS
Objective-Strategy-Metric 1: Customer ……….
SMART Objective 1:
Digital Strategy 1:
Proposed Metric(s):
Discussion 1
Objective-Strategy-Metric 2: Customer ……….
SMART Objective 2:
Digital Strategy 2:
Proposed Metric(s):
Discussion 2
Objective-Strategy-Metric 3: Customer ……….
SMART Objective 3:
Digital Strategy 3:
Proposed Metric(s):
Discussion 3
2. CONCLUSION
REFERENCE LIST
Page 2 of 2
CustomerManagementCoursework2Checklist_2023-241.docx
STUDENT CHECKLIST FOR CUSTOMER MANAGEMENT COURSEWORK 2
Before submitting your Customer Management report, we strongly recommend to go through this Checklist to ensure all key elements are included in your report. If there are any questions that you ticked NO, you can contact your seminar tutor. Alternatively, you can post it on Padlet board . https://padlet.com/Nurdilek_Dalziel_1/CW2
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Yes / No |
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1. Is your chosen a company one of these organisations?
1. KFC 2. Shein 3. Tesla 4. TikTok 5. Uniqlo
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2. Is the chosen company the SAME AS IN COURSEWORK 1? (You are allowed to change this only if you had selected in Coursework 1 a company outside the above list.) |
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Section 1 (1,300 words; 85 marks) |
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3. Have you presented THREE SMART objectives? |
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4. Have you presented a total of THREE DIGITAL strategies? |
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5. Have you presented a total of THREE marketing metrics? |
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6. Do you have ONE digital strategy for each objective? |
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7. Do you have ONE marketing metric for each strategy? |
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8. Are the SMART objectives on areas such as customer acquisition, retention, development, satisfaction, engagement, experience targets? |
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Customer Management Coursework 2 Checklist October 2023
w21-SeminarSlides1.pptx
MARK3114 Customer Management
Week 21
CW2 Support (Workshop 1)
Have You Registered Your Attendance?
2
Coursework Two
Deadline: Wednesday 1st May 2024, at 11:59am
Word Count: 1,500 words (+/- 10%) (1,350-1,650 words)
Weighting: 50%
Information in TABLES needs to be in bullet points, two-three words AND NOT in SENTENCES or PARAGRAPHS.
Section 1 (1,300 words; 85 marks)
THREE Smart Objectives
THREE Digital Strategies
THREE Marketing Metrics
Section 2 (200 words; 10 marks)
Conclusion
Report Presentation (5 marks)
` `1 111
5
GOOD Objectives for CW2
Customer acquisition target
Customer retention target
Customer development target
Customer satisfaction target
Customer experience target
Customer segmentation target
Site visit, duration targets
Number of engaged customers
POOR Objectives for CW2
Sales related recommendations
Revenue, profitability related recommendations
Business expansion related recommendations
Product expansion, development related recommendations
Strategy: How do you plan to get there ?
One strategy should be formulated for each objective; so a total of three DIGITAL strategies.
Objective: Where do you want to be in the future?
7
Examples of Digital Strategies
Email marketing
Marketing automation
Tele marketing
Lead generation
Online marketing
Content marketing
Search engine optimisation (keyword marketing)
Social media marketing
Event marketing (must be digital event)
Digital loyalty cards
Organisations use a number of metrics (KPIs) to evaluate the success of their customer management strategies. Most commonly used metrics are:
Net Promoter Score (NPS)
Customer Acquisition Cost (CAC)
Customer Lifetime Value (CLV)
CAC-to-CLV
Customer Satisfaction Score (CSAT)
Customer Effort Score (CES)
Customer Retention Rate
Revenue Churn
First Contact Resolution
Average Ticket Time
Metrics Linked To Customer Lifecycle
Acquisition
Development
Retention
(2) Customer acquisition cost
(4) CAC to CLV
(3) Customer lifetime value
(5) Customer Satisfaction Score CSAT
(7) Customer retention rate
(8) Revenue churn
(6) Customer effort score
(9) First contact resolution
(10) Average ticket time
(1) Net Promoter Score NPS
Example overlay of CW2 metrics onto customer lifecycle
Typical CM Metrics
11
Padlet and Assessment folder
Justification should be provided for each proposed objective, strategy and metric.
Organisation
Competitors
Market trends
Literature
We recommend minimum 20 good quality sources (academic & practitioner).
13
Do You Know What Support Is Available for Your Coursework?
Learning Zone Assessment (Coursework 2) Folder
Only 64% Accessed CW2 Brief on Learning Zone!
Are You Preparing Yourself For a Fail?
Activity 1
If you haven’t done yet, please structure CW2 and create Table of Contents
Use CW2 template on Learning Zone Assessment (Coursework 2)
Activity 2
Let’s formulate THREE SMART objectives corresponding DIGITAL strategies and Marketing METRICS. You’ll receive formative feedback from your tutor.
We are unable to comment on your draft by email, and hence it is important to attend the classes to get feedback.
Thank You
Any Questions?
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