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Case Study #27
Put Your Money Where Your
Customer's Mouth Is.
A
large department store chain had an upscale, elegant image and was
well-known for attentive personal service. The chain opened a store in a new
market to strong initial response, but soon experienced an unacceptable
decrease in sales.
Through a Value AnalysisSM
study, they discovered that the new market valued style, selection, and
pricing more than image and service.
Because of this, the store brought back their decorators and toned down the
luxurious atmosphere. They added clothing lines in which their customers had
shown interest. And they positioned their advertising and promotional
efforts to reflect these changes.
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Your customers have a few things to say about the way
you run your business.
If
you listen, they’ll tell you four things:
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What they consider to be the BASICS in your
industry.
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What they VALUE about your products, your
company, and your competition.
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What your company does that IRRITATES them.
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What you do that isn’t IMPORTANT to them.
All it takes to hear them is Value AnalysisSM |