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Adapting the Customer Value Proposition

In: Customer Success Management

Author

Listed:
  • Michael Kleinaltenkamp

    (Freie Universität Berlin)

  • Katharina Prohl-Schwenke

    (Customer Success Academy)

  • Laura Elgeti

    (Customer Success Academy)

Abstract

Fulfilling the CVP lays the groundwork for future contract renewals. However, for repeat purchases and longer-term subscription arrangements, a CVP typically does not remain unchanged. In contrast, since customer goals likely change over time, a CVP needs to be adapted throughout a business relationship. Hence, embedding a CVP into a sales cycle can ensure that all sales endeavors are geared toward customer value. In this sense, a CVP is not renewed at a specific occasion; rather, its renewal process begins right after its sale because it should be adapted continually. The CVP thus needs to be understood as a dynamic tool to address constantly changing customer needs and emerging goals. Moreover, the chapter presents the Case Study “Salesforce” that illustrates how the firm successfully scaled up tailored customer success management (CSM) activities.

Suggested Citation

  • Michael Kleinaltenkamp & Katharina Prohl-Schwenke & Laura Elgeti, 2023. "Adapting the Customer Value Proposition," Management for Professionals, in: Customer Success Management, chapter 7, pages 61-67, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-26178-7_7
    DOI: 10.1007/978-3-031-26178-7_7
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