Global Information Lookup Global Information

Customerization information


Customerization is the customization of products or services through personal interaction between a company and its customers.[1] A company is customerized when it is able to establish a dialogue with individual customers and respond by customizing its products, services, and messages on a one-to-one basis. CUSTOMERization means identifying and serving what you perceive as your optimal customers [citation needed]. Customerization requires a company to shift its marketing model from seller-oriented to buyer-oriented. The goal is to help customers better identify what they want. Customerization enables companies to have the ability to adapt personalization and one-to-one marketing initiatives for the digital marketing environment. Customerization uses a “build-to-order” mass customization process to deliver a product or service that fits the needs of the customer. It is a critical aspect of the emerging new marketing paradigm.[2]

The word "customerization" is a neologism, defined as the combination of operational customization and marketing customization.[3]

The ability to gather information from and about the customer is an important aspect of customerization. It requires interaction between the customer and the company, to receive feedback, revise and respond.[4] Customerization typically results in improved quality and innovation. Customerization programs have a generic set of activities and a common philosophy, but the specifics of their implementation vary for each unit or organization. Customerization combines mass customization and the elicitation of individual customer demand information by involving customers. It is regarded as the next generation of mass customization.[5] CUSTOMERization means identifying and serving what you perceive as your optimal customers.[6]

Both mass customization and customerization are attempts to provide products and services to better meet the needs of customers, and rely on the Internet as a vehicle for implementing this concept in an economically friendly way.[citation needed]

Customerization combines mass customization with customized marketing and empowers consumers to design the products and services of their choice. In contrast to mass customization and personalization, customerization does not require a lot of prior information about the customer. In effect, customerization redefines the relationship between a firm and its customers. The customer designs the product and service while the firm “rents” out to the customer its manufacturing logistics and other resources.[7]

  1. ^ "What is customerization? Definition and meaning". Archived from the original on 2015-03-17. Retrieved 2013-04-06.
  2. ^ Wind, J., & Mahajan, V. (2000). Digital Marketing, In J. Wind & V. Mahajan (Eds.), Digital Marketing. New York: John Wiley
  3. ^ Yoram, J. Wind & Vijay Mahajan with Robert E.Gunther, Convergence Marketing: Strategies for reaching the New Hybrid Customer.
  4. ^ Perot, R. How Would Turn Around GM, Fortune, February 15, 1988, pp.44-49.
  5. ^ Pine, B.J., Peppers, D., Roggers, M., 1995. Do you want to keep your customers forever? Harvard Business Review 73 (2), 103–114.
  6. ^ CUSTOMERization - Targeting Optimal Customers, R Craig Palubiak, 1998
  7. ^ Wind, Yoram (Jerry); Mahajan, Vijay (2002). Digital Marketing: Global Strategies from the World's Leading Experts. John Wiley & Sons. ISBN 978-0-471-00875-0.[page needed]

and 28 Related for: Customerization information

Request time (Page generated in 0.5919 seconds.)

Customerization

Last Update:

receive feedback, revise and respond. Customerization typically results in improved quality and innovation. Customerization programs have a generic set of activities...

Word Count : 944

Customer to customer

Last Update:

business to customer relationships, in which a customer goes to the business in order to purchase a product or service. In customer to customer markets,...

Word Count : 2687

Customer

Last Update:

In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product, or an idea...

Word Count : 1859

Voice of the customer

Last Update:

management, the voice of the customer (VOC) summarizes customers' expectations, preferences and aversions. A widely used form of customer's voice market research...

Word Count : 373

Customer attrition

Last Update:

Customer attrition, also known as customer churn, customer turnover, or customer defection, is the loss of clients or customers. Companies often use customer...

Word Count : 1623

Customer relationship management

Last Update:

Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using...

Word Count : 6469

Customer support

Last Update:

Customer Support is a range of services to assist customers in making cost effective and correct use of a product. It includes assistance in planning...

Word Count : 237

Customer service

Last Update:

Customer service is the assistance and advice provided by a company through phone, online chat, and e-mail to those who buy or use its products or services...

Word Count : 1495

Customers Bank

Last Update:

Customers Bancorp, Inc. is a publicly-traded bank holding company and parent of Customers Bank. The company has more than $20 billion in assets with over...

Word Count : 913

Customer success

Last Update:

Customer success, customer success management, or client advocacy is a business strategy aimed at ensuring that customers achieve their desired outcomes...

Word Count : 1741

Customer development

Last Update:

Customer development is a formal methodology for building startups and new corporate ventures. It is one of the three parts that make up a lean startup...

Word Count : 1876

Customer analytics

Last Update:

Customer analytics is a process by which data from customer behavior is used to help make key business decisions via market segmentation and predictive...

Word Count : 966

Customer engineer

Last Update:

but now customer engineer is also being used by other companies. Customer engineers are also referred to as customer support engineers or customer service...

Word Count : 299

Customer data

Last Update:

companies and departments from their customer base. To some extent, data collection from customers intrudes into customer privacy, the exact limits to the...

Word Count : 531

Customer review

Last Update:

A customer review is an evaluation of a product or service made by someone who has purchased and used, or had experience with, a product or service. Customer...

Word Count : 1048

Institutional customers

Last Update:

Institutional customers is a term used in the financial services industry to differentiate retail customers and corporate customers from other financial...

Word Count : 65

Customer advocacy

Last Update:

Customer advocacy is a specialized form of customer service in which companies focus on what is deemed to be best for the customer. It is a change in a...

Word Count : 453

Customer representative

Last Update:

A customer representative is an individual who has authority to represent a community that intends to purchase a product. The term is most often applied...

Word Count : 91

Customer engagement

Last Update:

Customer engagement is an interaction between an external consumer/customer (either B2C or B2B) and an organization (company or brand) through various...

Word Count : 5055

Customer insight

Last Update:

A customer insight, or consumer insight, is an interpretation of trends in human behaviors which aims to increase the effectiveness of a product or service...

Word Count : 388

Customer delight

Last Update:

Customer delight means surprising a customer by exceeding their expectations and thus creating a positive emotional reaction. This emotional reaction leads...

Word Count : 1039

Customer base

Last Update:

The customer base is a group of customers who repeatedly purchase the goods or services of a business. These customers are a main source of revenue for...

Word Count : 1051

Customer profitability

Last Update:

Customer profitability (CP) is the profit the firm makes from serving a customer or customer group over a specified period of time, specifically the difference...

Word Count : 871

Intelligent customer

Last Update:

Intelligent customer function or intelligent client (IC) is an in-house capability within a host organisation which has responsibility for the ownership...

Word Count : 477

Customer retention

Last Update:

Customer retention refers to the ability of a company or product to retain its customers over some specified period. High customer retention means customers...

Word Count : 1576

Customer intelligence

Last Update:

effective customer relationships and improve decision-making by vendors.[verification needed] Customer intelligence is a key component of effective customer relationship...

Word Count : 660

Customer cost

Last Update:

Customer cost refers not only to the price of a product, but it also encompasses the purchase costs, use costs and the post-use costs. Purchase costs consist...

Word Count : 3525

The customer is not a moron

Last Update:

"The customer is not a moron. She's your wife" is a famous quotation attributed to advertising executive David Ogilvy in 1955. It subsequently appeared...

Word Count : 337

PDF Search Engine © AllGlobal.net