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What do your customers think about? To guess or to know?

Author

Listed:
  • Ivars LINDE

    (Information Systems Management Institute (ISMA), Riga, Latvia)

  • Dmitry PHILIPPOV

    (Information Systems Management Institute (ISMA), Riga, Latvia
    Institute of Certification Quality Management Systems, Moscow, Russian Federation)

Abstract

The customer is central to any company’s activity. Although this is the fundamental truth, many companies turn their attention to the customer only when sales decrease. This article tells how to prevent the negative changes. This article will not reveal the communication strategy elements for interacting with customers, neither will it consider building the necessary IT infrastructure for its implementation, it will rather address the basics of developing approaches to interacting with different types of customers. These approaches are based on customer needs and, most importantly, their expectations, which can be recognized and hidden, that is, those that cannot be reflected in a contract or similar regulatory documents. The global best practice of interacting with customers is based on application of different approaches to different customer types. Moreover: approaches to interacting with customers should bring not only immediate economic effect, but also work in all areas in the long term on a systematic basis - that is, help to turn potential and new customers into regular and loyal, the most valuable to the company.

Suggested Citation

  • Ivars LINDE & Dmitry PHILIPPOV, 2021. "What do your customers think about? To guess or to know?," Access Journal, Access Press Publishing House, vol. 2(1), pages 17-27, January.
  • Handle: RePEc:aip:access:v:2:y:2021:i:1:p:17-27
    DOI: 10.46656/access.2021.2.1(2)
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    References listed on IDEAS

    as
    1. Michael W-P Fortunato, 2015. "Entrepreneurship, innovation and regional development," Community Development, Taylor & Francis Journals, vol. 46(5), pages 601-603, December.
    2. Ivars LINDE & Dmitry PHILIPPOV, 2020. "Applying Lean Six Sigma in construction. World practice experience," Access Journal, Access Press Publishing House, vol. 1(2), pages 103-111, September.
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    Cited by:

    1. Cathay Kuo-Tai Kang & Chieh-Yu Lin & Yi-Hui Ho, 2022. "Key Factors to Increasing Free Cash Flow for Manufacturers Utilizing Lean Production: An AHP-DEMATEL Approach," Information Management and Business Review, AMH International, vol. 14(2), pages 28-45.

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    Keywords

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    JEL classification:

    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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