why does it makes sense to fully understand multichannel issues?

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At the Annual Meeting of the Swiss Finance Institute, Jonathan Möller from foryouand yourcustomers explains »Why it Makes Sense to Fully Understand Multichannel Issues«.

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Today, there are 162 channels, which companies can use to communicate, sell and service to their customers. Every organisation uses about 80 channels – often without being aware of all of them. Customers adapt quickly and naturally use the diversity of channels. For an organisation, it is very difficult to integrate new channels that fast. Even worse, the overall customer experience suffers and customers start to look at different suppliers with experiences fitting their expectations. In general it is clear, that companies, which are not updating the multichannel experience will loose revenue.

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Page 1: Why does it Makes Sense to Fully Understand Multichannel Issues?

At the Annual Meeting of the Swiss Finance Institute, Jonathan Möller from foryouand yourcustomers explains »Why it Makes Sense to Fully Understand Multichannel Issues«.

Page 2: Why does it Makes Sense to Fully Understand Multichannel Issues?

Zeitung

Marke/Logo

Zeitungswerbung

Radio

CouponPresseartikel

Börse

Ausstellung

WarenkaufhausKundendienst

Events

Sponsoring

Katalog

Einkaufsstraße

Außen-dienst

Product Placement

TV/Film

Verkaufsparty

Aktienbörse

Fachmarkt

Warenhaus-Kette

ShoppingCenter

Supermarkt

Verkaufsautomaten

Verkaufsbusse

Flyer

Call Center

Telefonbestellung

Direct Mailing

Außenwerbung

Loyalty Program

Postbestellung

Express Shop

Showrooms

Verpackung

Try Store

Store in Store

Monobrand-Stores

Outlet

Convenience Store

Bahnhof/Flughafen- Shopping

Online Self-Service

Pop-up Store

Online

Online- Tauschbörse Megastore

Podcast

Online Empfehlung (eWOM)

Verein/Club

Online Community

Apps

Preisvergleich

Suchmaschine

SEO

SEA

E-Book

Website

E-Mail- Werbung

Blog

Chat/Call Me BackMobile Shop

Onlineshop

Co-BrowsingRatings

Social Commerce

E-Mail- Bestellung

E-Mail Support

Online- berater

Onlinevideo

Smart Watch

WerkstattverkaufTante-Emma-Laden

VIPs/Stars

Computer- spielAvatare

Geschäft

Hausieren

Jahrmarkt

Café/Restaurant

Empfehlung (WOM)

...

Restaurant im Shopping

Center

Buch

Tabakgeschäft

Kiosk

InstoreCommunication

Digital Signage

Marktplatz

Basar

Tauschhandel

Fußgängerzone

Zeitungsstand

Schnellimbiss

TankstelleGourmet-tempel

Pick-up Point

...

Faxbestellung

SocialNetwork

Spiele

...

...

um 1972

um 1750

um 1900

heute

Beginn der ersten industriellen Revolution mit Innovationen wie Maschinen, Dampfantrieb, Eisenbahn, Kanäle, Textilindustrie etc.

Beginn der zweiten industriellen Revolution mit Innovationen wie Stromübertragung, Glühbirne, Telefon,

Beginn der dritten industriellen Revolution mit Innovationen wie

newspapers

brand/logo

newspaper advertising

radio

couponpress article

stock exchange

exhibitions

department storesafter-sales service

events

sponsoring

catalogues

shopping street

external work

product placement

TV/film

sales party

stock markets

specialist shops

department storechain

shoppingcenters

supermarkets

sales automat

sale buses

flyer

call centers

telephone order

direct mailing

outdoor advertising

loyalty program

post order

express shop

showrooms

package/wrapping

try store

store in store

monobrand stores

outlet store

convenience store

station/airport- shopping

online self-service

pop-up store

online

file-sharing site mega store

podcast

onlinerecommendation (eWOM)

association/club

online community

Apps

price comparison

search engine

SEO

SEA

eBook

online vouchers

Website

Email- advertising

blogs

chat/call me backmobile shop

onlineshop

co-browsingratings

social commerce

SMS

Email- order

E-Mail support

online- FRQÀJXUDWRU

online- adviser

online video

smart watch

factory salefamily-run shops

VIPs/stars

computer gameavatars

shop

hawking

annual fairs

café/restaurant

recommendation (WOM)

...

restaurant in the shopping

center

books

tobacco shop

instorecommunication

digital signage

market places

bazaar

barter trade

pedestrian zones

book stall

fast food

gasoline stations

gourmet-temple

pick-up point

...

fax order

socialnetwork

mobilegames

...

...

at 1972

at 1750

at 1900

today

start of the 1st industrialrevolution along with innovations such asmachinery, steam drives,railroads, channels, textile industries etc.

start of the 2nd industrialrevolution along with innovations such as power transmission, light bulbs, phones,

start of the 3rd industrialrevolution along with innovations such as large-

Page 3: Why does it Makes Sense to Fully Understand Multichannel Issues?

There are 162 channels which customers love to use. Which of them are you using for the relationship with your customer?

foryouandyourcustomers

Page 4: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 5: Why does it Makes Sense to Fully Understand Multichannel Issues?

1. There are many channels – and the number is growing!

2. Customers are using the diversity naturally – can I keep up the pace as a supplier?

Page 6: Why does it Makes Sense to Fully Understand Multichannel Issues?

In particular we observe three relevant key concepts in the context of channels…

»Integration of Everything«

»Level of Engagement« »Individual,

anticipated Service«

NOWTOUCH ME

Page 7: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 8: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 9: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 10: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 11: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 12: Why does it Makes Sense to Fully Understand Multichannel Issues?

http://www.nytimes.com/2012/02/19/magazine/shopping-habits.html

Andrew Pole

Page 13: Why does it Makes Sense to Fully Understand Multichannel Issues?
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Page 17: Why does it Makes Sense to Fully Understand Multichannel Issues?

http://blogs.wsj.com/digits/2014/01/17/amazon-wants-to-ship-your-package-before-you-buy-it/

»Anticipatory Shipping« by Amazon

Page 18: Why does it Makes Sense to Fully Understand Multichannel Issues?
Page 19: Why does it Makes Sense to Fully Understand Multichannel Issues?

3. »Touch Me Now« means: Actively develop channels and customer experiences. Or: How can we learn fast and act even faster?

4. What do customers want? How do they act?

Page 20: Why does it Makes Sense to Fully Understand Multichannel Issues?

What does a Customer Journey look like today? An example: Persona Sarah Schäfer (31y) from Bülach.

Sarah is pregnant. She and her husband are very much looking forward to having their first baby. Every day, they discover new things. A friend is telling them about a great product with »Omega-3-Fettsäuren«. Sarah wants to learn more about it.

»I am so much looking forward to having a baby! But I am nervous too. Am I doing everything right? Did I forget anything?»

Page 21: Why does it Makes Sense to Fully Understand Multichannel Issues?

There she finds the topic »Prenatal Registration at the Health Insurance«.

What does a Customer Journey look like today? An example: Persona Sarah Schäfer (31y) from Bülach.

Is looking for »Omega-3-Fettsäuren« on Google and finds the website swissmom.ch.

Sees a banner »Protect your Child before Birth!«, clicks it and arrives on a microsite.

Completes online form asking for a meeting with an insurance agent.

Insurance company calls to arrange for a meeting and receives contact information.

Sarah receives confirmation via E-mail. It contains further information on »Baby Package«.

Page 22: Why does it Makes Sense to Fully Understand Multichannel Issues?

The Model for Multichannel Business by foryouandyourcus tomers gives you a clear view on sophisticated Multichannel.

FoundationData & Structure

OrchestrationOrganization,

Processes & Tools

shop

User OrientationChannels

Customerand his Shopping Experience

Organization

Processes

Tools

Source: Book »Multichannel-Leitfaden«, 2014

Page 23: Why does it Makes Sense to Fully Understand Multichannel Issues?

FoundationData & Structure

OrchestrationOrganization,

Processes & Tools

shop

User OrientationChannels

Customerand his Shopping Experience

Organization

Processes

Tools

A good Foundation delivers Flexibility. If build upon, Orchestra tion adds Efficiency and User Orientation contributes Effectivity.

Flexibility

+ Efficiency

+ Effectivity

Source: Book »Multichannel-Leitfaden«, 2014

Page 24: Why does it Makes Sense to Fully Understand Multichannel Issues?

5. Customer Journey Analysis (»Channel OPERA«) to learn fast

6. »Model for Multichannel Business« to act faster

Page 25: Why does it Makes Sense to Fully Understand Multichannel Issues?

Source: Book »Multichannel-Leitfaden«, 2014

Maturity Level 1»Local Relationships«

Maturity Level 2»Efficient Channels«

Maturity Level 3»Customer Oriented Touchpoints«

Überzeugen

Vergleichen

Beraten

Suchen

Entdecken

Informieren

Vertrauen Austauschen

Individualisieren

Finden

Kaufen

Teilen

Entscheiden

»Industrialisation«

»Individualisation«

Page 26: Why does it Makes Sense to Fully Understand Multichannel Issues?

Understanding Multichannel Issues: Learn Fast, Act Faster.

Channel OPERA: http://fyayc.com/opera Multichannel Business: http://fyayc.com/model Download Slides: http://fyayc.com/sfi2014

Jonathan Möller +41 44 210 44 77 [email protected]

foryouandyourcustomers in Amsterdam · Dusseldorf · Munich · Vienna · Zurich