Every single person in every single company is either in sales or affects sales. Every single person in every single company is either in service or affects service.
Jeffrey GitomerRead
Customer satisfaction is worthless. Customer loyalty is priceless.
Interpretation
Customer satisfaction alone does not ensure business success; it's the loyalty that customers have that truly matters.
In this quote, Jeffrey Gitomer emphasizes the significance of customer loyalty over mere satisfaction. While satisfied customers may have positive experiences, loyalty ensures that they will return and continue to support the business, thus providing lasting value. Loyalty builds a stronger relationship and often leads to recommendations and referrals, which are crucial for long-term success.
In practice
In a business seminar discussing long-term strategies, this quote can be used to emphasize the importance of building loyal customer relationships.
Every single person in every single company is either in sales or affects sales. Every single person in every single company is either in service or affects service.
If you own the problem, you own the customer. If you lose the problem, you lose the customer. It's that simple.
In the final analysis, finding a way to do clean business and not to pay bribes actually improves your bottom line.
Creating a close connection to those you do business with has its many risks, rewards and consequences._x000D_ _x000D_ There are few things in business I have encountered that are more difficult than firing someone, particularly if that someone has always been, or has become a friend._x000D_ _x000D_ On the flip side, I have been rewarded with many friends.
Business is what concerns us. If you care about something enough to do something about it, you're in business
Corporations hope that the right concept will turn things around overnight. This is what you might call the crash-diet approach: starve yourself for a few days and you'll be thin for life.
The game business reinvents itself every five years.
If a brand genuinely wants to make a social contribution, it should start with who they are, not what they do. For only when a brand has defined itself and its core values can it identify causes or social responsibility initiatives that are in alignment with its authentic brand story.
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