Firing the right customers is good business: not every customer is an asset to your company, but determining who to cull, and how, can be a challenge

Choosing to deliberately lose a customer might violate prevailing wisdom, but not all customers are good for your business. The authors suggest that business leaders should focus on customer needs, behavior, and value when deciding which customers to cull in order to improve profitability and better...

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Bibliographic Details
Main Authors: Pedersen, Carsten (Author), Ritter, Thomas 1970- (Author)
Format: Electronic eBook
Language:English
Published: [Cambridge, Massachusetts] MIT Sloan Management Review 2024
Edition:[First edition].
Subjects:
Links:https://learning.oreilly.com/library/view/-/53863MIT65328/?ar
Summary:Choosing to deliberately lose a customer might violate prevailing wisdom, but not all customers are good for your business. The authors suggest that business leaders should focus on customer needs, behavior, and value when deciding which customers to cull in order to improve profitability and better serve other customers. They also describe the pros and cons of different approaches to ending customer relationships.
Item Description:Reprint #65328. - Includes bibliographical references
Physical Description:1 Online-Ressource (6 Seiten)