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Aksoy, Lerzan

The Wallet Allocation Rule: Winning the Battle for Share

Aksoy, Lerzan - The Wallet Allocation Rule: Winning the Battle for Share, ebook

17,60€

Ebook, ePUB with Adobe DRM
ISBN: 9781119037286
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Printing72 pages with an additional page accrued every 11 hours, capped at 72 pages
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Customer Loyalty Isn't Enough—Grow Your Share of Wallet

The Wallet Allocation Rule is a revolutionary, definitive guide for winning the battle for share of customers' hearts, minds, and wallets. Backed by rock-solid science published in the Harvard Business Review and MIT Sloan Management Review, this landmark book introduces a new and rigorously tested approach—the Wallet Allocation Rule—that is proven to link to the most important measure of customer loyalty: share of wallet.

Companies currently spend billions of dollars each year measuring and managing metrics like customer satisfaction and Net Promoter Score (NPS) to improve customer loyalty. These metrics, however, have almost no correlation to share of wallet. As a result, the returns on investments designed to improve the customer experience are frequently near zero, even negative.

With The Wallet Allocation Rule, managers finally have the missing link to business growth within their grasp—the ability to link their existing metrics to the share of spending that customers allocate to their brands.

  • Learn why improving satisfaction (or NPS) does not improve share.
  • Apply the Wallet Allocation Rule to discover what really drives customer spending.
  • Uncover new metrics that really matter to achieve growth.

By applying the Wallet Allocation Rule, managers get real insight into the money they currently get from their customers, the money available to be earned by them, and what it takes to get it. The Wallet Allocation Rule provides managers with a blueprint for sustainable long-term growth.

Keywords: The Wallet Allocation Rule: Winning the Battle for Share; Timothy Keiningham; Lerzan Aksoy; Luke Williams; Alexander Buoye; Ipsos Loyalty; customer satisfaction; customer loyalty; winning market share; marketing strategy; customer relationship; marketing metrics; driving business growth; increasing profitability; increasing business growth; profitable growth; marketing approach; marketing theory; practical marketing advice; modern consumer; modern marketing; relevant marketing metrics; increasing customer spending

Author(s)
 
 
 
Publisher
John Wiley and Sons, Inc.
Publication year
2015
Language
en
Edition
1
Page amount
240 pages
Category
Economy
Format
Ebook
eISBN (ePUB)
9781119037286
Printed ISBN
9781119037316

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