Dear Khun Boontuck,
Would you like your bank to excite and delight your customers at those times when they are most in need of your help?
A common theme of our work with clients is focusing on Pivotal Customer Events (PCEs) to deliver distinctive propositions that matters. Pivotal events are:
• Those times in the customer relationship where the customer experience has a disproportionate effect on customer loyalty and value – when meeting the deep underlying need creates real value for the customer and earns the organisation a special role going forward
• Often this means going beyond selling the standard banking or insurance product
• For example, imagine what an insurer could do for a family approaching a young adult’s coming of age… go beyond insurance cover to truly support the family with a range of instruction, risk management, car finance, buying and other offerings bundled to address this important event.
We understand that client centricity is an important strategic priority for you and for TMB. Delivering on Pivotal Customer Events will:
• Bring forward the majority of the impact in less than half the time and resources of traditional customer centricity approaches
• Inspire both customers and staff
o For example lifting NPS for a bank’s customers with lost wallets by 17 points and launching a new proposition for the event in just 12 weeks.
o In another example: we have seen this approach transform a major telecom company over 18 months, delivering multi-million dollar economic impact and 60+ point NPS lift, by supporting 450,000 telco commercial customers each year experiencing the trauma of moving to new premises
• Position your bank at the forefront of real customer centricity
A.T. Kearney’s four model approach to Pivotal Customer Events helps organisations to Discover the events that matter, Design truly differentiated propositions, Deliver the experience in a controlled environment to prove opportunity, and Embed and Scale to achieve transformational impact.
I would like to share with you our thinking in this attached briefing note and invite a discussion on how Pivotal Customer Events could accelerate your customer centricity agenda.