Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
Business Intelligence
Next Generation Data Center Is Here!
Average Rating:
Rate this article:  
Six Challenges Every Chief Customer Officer Must Overcome
Six Challenges Every Chief Customer Officer Must Overcome

By Jennifer LeClaire
May 8, 2014 9:54AM

Bookmark and Share
Many firms are good at measuring transactions but customer emotion and behavior are harder to measure and correlate to results. This may be the main reason the chief customer officer role is the most fragile in the C-suite. The chief customer officer must effectively communicate the value of customer-centric change to gain support and adoption.
 



Chief customer officers (CCOs) are getting more corporate cred these days. But stepping into this rising role comes with challenges. Indeed, the CCO Council has identified six of the greatest challenges these C-suite executives face.

Curtis Bingham, executive director of the CCO Council, offers more than just insight into the challenges. He also offers recommendations for overcoming them.

Are you ready to dive in? Let’s look at each challenge and its solution.

Challenge 1: Defending Value

Bingham’s experience tells him that customer-centricity is not widely viewed as a strategic imperative and the CCOs' contribution to this imperative is far from well-defined. As a result, he continued, CCOs spend more time explaining and defending their values than they spend with customers. Kind of ironic, isn’t it? You may be facing this challenge right now. Here’s what he recommends:

“The CEO and board must recognize the growing body of proof that customer-centricity is the new basis for competitive advantage with demonstrable business results, and then make the CCO a part of this strategic imperative,” Bingham said.

Challenge 2: Leveraging Authority

According to Bingham, the most successful CCOs recognize and leverage three sources of “CCO Authority,” starting with either “Positional Authority” or “Borrowed Authority” and quickly earning authority of their own. Without such authority, he said, cultural resistance to change, conflicting priorities, and a number of other obstacles prevent CCO success. Here’s what he advises:

“The CEO must provide to the CCO significant Borrowed Authority,” he said. “The CCO must ‘earn’ authority rapidly by providing value, demonstrating results at all levels, and effectively communicating the business impact of those results.”

Challenge 3: Gaining Resources

It comes to no surprise to Bingham -- and it’s probably no surprise to you either -- that limited understanding of the types of resources required to transform an organization to customer centricity is the norm.

Bingham said, “CEOs and boards of directors must have realistic expectations of the resources required for a CCO to be successful and make a commitment to supply those resources.”

Challenge 4: Converting Data to Action

In the age of big data and Web analytics, gathering stats is the easy part. Converting that data into actionable insights that drive results is something altogether different. Bingham blames, in part, the increasing complexity of customer purchases and interactions increases.

“Many CCOs struggle to move beyond the voice of the customer and triage to create and implement customer strategy,” he said. “Implementing customer triage and issue resolution processes are critical first steps for CCOs. But then the CCO needs to make powerful allies and initiate cross-functional initiatives to create workable customer strategy that cuts across business units to improve the overall customer experience.” (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Business Intelligence
1.   IBM Beefs Up Identity Intelligence
2.   Many Sites Are Studying Consumers
3.   Watson's First Consumer-Facing Gig
4.   HP Drops $50M on Hortonworks
5.   Esri, SAP Team on Data Mapping


advertisement
IBM Beefs Up Identity Intelligence
To offer biz better security products.
Average Rating:
Many Sites Are Studying Consumers
Facebook and OKCupid are not alone.
Average Rating:
Watson's First Consumer-Facing Gig
Helps military adjust to civilian life.
Average Rating:


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.