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Topic: Loyalty business model


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In the News (Sun 8 Nov 09)

  
  Loyalty Summary
Even assuming that the problem of bad loyalties can be resolved by invoking "loyalty to loyalty," the idealist may still be accused of turning morality, which properly concerns man's relations to his fellows, into service of an abstract principle or a cause, thus treating man as a mere means rather than as an end-in-itself.
Loyalty includes fidelity in carrying out one's duties to the person or group of persons who are the object of loyalty; but it embraces more than that, for it implies an attitude, perhaps an affection or sentiment, toward such persons.
Loyalty is also used in context to employee satisfaction with their organization, and their propensity to exit or stay with the organization.
www.bookrags.com /Loyalty   (1967 words)

  
  Loyalty - Wikipedia, the free encyclopedia
The rise of states (and later nation states) meant the harnessing of the "loyalty" concept to foster allegiance to the sovereign or established government of one’s country, also personal devotion and reverence to the sovereign and royal family.
Loyalty is also used in context to employee satisfaction with their organization, and their propensity to exit or stay with the organization.
The English word "loyalty" came into use in the early part of the 15th century in the sense of fidelity to one’s oath, or in service, love, etc; the later state-oriented sense appears in the 16th century.
en.wikipedia.org /wiki/Loyalty   (493 words)

  
 Loyalty business model - Wikipedia, the free encyclopedia
The loyalty business model is a business model used in strategic management in which company resources are employed so as to increase the loyalty of customers and other stakeholders in the expectation that corporate objectives will be met or surpassed.
This model then looks at the strength of the business relationship; it proposes that this strength is determined by the level of satisfaction with recent experience, overall perceptions of quality, customer commitment to the relationship, and bonds between the parties.
The loyalty business model assumes the philosophical validity of pursuit of self-interest.
en.wikipedia.org /wiki/Loyalty_business_model   (1189 words)

  
 NationMaster.com - Encyclopedia: Loyalty
Loyalty Day is observed on May 1 in the United States.
It is a day set aside for the reaffirmation of loyalty to the United States and for the recognition of the heritage of American freedom.
Loyalty Day is celebrated with parades and ceremonies in communities across the United States, although many people in the United States remain unaware of it.
www.nationmaster.com /encyclopedia/Loyalty   (1474 words)

  
 Loyalty business model - Wikipedia, the free encyclopedia
A model by Kay Storbacka, Tore Strandvik, and Christian Gronroos (1994) is more detailed but arrives at the same conclusion.
Customer loyalty is determined by three factors: relationship strength, perceived alternatives and critical episodes.
Striving to maintain the loyalty of unprofitable customers is not a viable business model.
en.wikipedia.org /wiki/Customer_loyalty   (1189 words)

  
 SDCExec.com - Article - Collaboration Driving Profitability
Tuttle said that, to succeed, customer loyalty strategies must be flexible and dynamic, and elements that drive loyalty are likely to vary from customer to customer and from solution to solution.
Companies that operate under the digital loyalty network model invest in information technology to improve supply chain efficiency and responsiveness, producing what Balentine termed "impressive" results: an across the board 30 percent increase in performance in the three key areas for supply chain success: inventory reduction, parts shortages and speed of new product introduction.
The combination of customer loyalty and supply chain collaboration is essential to generating this level of success, according to the report.
www.sdcexec.com /online/article.jsp?id=2130&siteSection=1   (840 words)

  
 Loyalty Marketing
Loyalty programs have been used in commerce for many years, originating in Germany where price based competition was disallowed by governmental restrictions in certain industries.
While retail loyalty programs have many purposes, the greatest value that is created for retailers is the ability to identify individual customers and to measure and understand their individual behaviors.
This primer is included as it is the best explanation of loyalty marketing that we have ever run across and, surprisingly enough, the fundamentals of which, are not well understood by the executioners of some of the best known loyalty programs.
www.crmtrends.com /loyalty.html   (2683 words)

  
 Loyalty business model - Hutchinson encyclopedia article about Loyalty business model
Customer loyalty is a valuable commodity for companies, particularly those with high customer acquisition costs.
Companies must be careful to cultivate customer loyalty so that they can be assured that it is active loyalty to their product, rather than inertia, that is the motivation for repeat purchases.
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
encyclopedia.farlex.com /Loyalty+business+model   (121 words)

  
 [No title]   (Site not responding. Last check: 2007-10-20)
Apple was criticized for its vertically integrated business model, which runs against the "received wisdom" of some economists, particularly those who study the computer industry.
The business model for satellite DTV in the U.S. and the UK is similar to that for cable TV.
The business model of commercial suppliers is generally dependent on charging for support, especially for business users.
www.worldhistory.com /wiki/B/Business-model.htm   (1156 words)

  
 CT 12/96 The quest for loyalty
Loyalty is not fashionable, lucrative, or relevant, they think; they have more urgent problems to worry about: growth, productivity, and profits, for example.
But my view of business economics was radically altered by the 10 years I spent studying companies that begin instead with value and loyalty targets and work forward to realize the growth and profits that these targets bring.
Business leaders who want the leveraged advantages of sustained growth and profit must begin to measure and nurture their human assets as carefully as they do their financial assets.
pubs.acs.org /hotartcl/chemtech/96/dec/quest.html   (3896 words)

  
 Business Models on the Web | Professor Michael Rappa
Business models have taken on greater importance recently as a form of intellectual property that can be protected with a patent.
The manufacturer or "direct model", it is predicated on the power of the web to allow a manufacturer (i.e., a company that creates a product or service) to reach buyers directly and thereby compress the distribution channel.
The Internet is inherently suited to community business models and today this is one of the more fertile areas of development, as seen in rise of social networking.
digitalenterprise.org /models/models.html   (2028 words)

  
 ipedia.com: Business model Article   (Site not responding. Last check: 2007-10-20)
A business model (also called a business design) is the mechanism by which a business intends to generate revenue and profits.
Generally, the business models of service firms are more complex than those of manufacturers and resellers.
The bait and hook business model (also referred to as the razor and blades business model or the tied products model) was introduced in the early 20th century.
www.ipedia.com /business_model.html   (444 words)

  
 Business Integration for games: An introduction to online games and e-business infrastructure
To understand the business models it is important to understand the value chain of the gaming industry and the relationship between the players in that value chain.
The support for a peer to peer charging model needs to be supported by this service to allow players to exchange funds, and also the traditional consumer/merchant model to allow a charge to be made on behalf of another service provider.
However, the business logic is of paramount importance to the success of online games as a sustainable business model for the gaming industry, and having the flexibility to design and refine it outside of the game development, and even the game's life cycle, is critical.
www-106.ibm.com /developerworks/webservices/library/ws-intgame   (5152 words)

  
 Global Loyalty X-Change
Advances in technology and communications will allow businesses to develop virtual personal relationships with their customers, meeting their needs and adding value based on their individual preferences and standard of living.
Businesses are beginning to incorporate electronic channels into their marketing strategies.
Applications are presented in a menu-based format and allow businesses to design inexpensive, turn-key programs that address their specific requirements at the exact time that business cycles ultimately dictate.
www.global-loyalty.com   (773 words)

  
 The importance of customer loyalty - TechUpdate - ZDNet   (Site not responding. Last check: 2007-10-20)
E-commerce sites with well-constructed loyalty programs usually have clear profiles of their customers and have spent the time to truly understand how different types of customers behave.
To evaluate how well your loyalty effort is proceeding, Brahm recommends creating a "dashboard" that provides an ongoing view of customer data compiled into the best metric indicators for your e-business.
To be effective, loyalty programs must have a firm foundation in a company's business model and customer behavior must be continually reassessed to understand how it relates to each company's specific competitive environment.
techupdate.zdnet.com /techupdate/stories/main/0,14179,2819927,00.html   (849 words)

  
 Walker Information - Offering online research surveys focusing on customers, employees and other key stakeholders.
Loyalty scores for the semiconductor industry are significantly lower than for other industries Walker Information has surveyed in recent years, including Communications Services and Information Technology.
The higher loyalty scores for the automotive industry can likely be attributed to such factors as a long design cycle, the relatively small number of proven/established providers for this sector, the tendency of customers and suppliers to collaborate in this market, and the added value placed on legacy in business relationships in this sector.
Loyalty Leaders are companies that have earned higher percentages of truly loyal customers, while accumulating relatively low percentages of high-risk customers.
www.walkerinfo.com /what/loyaltyreports/studies/semiconductor06/factsheet.cfm   (642 words)

  
 Loyalty Effect Information
The Loyalty Effect is a 1996 book by Fred Reichheld of the consulting firm Bain and Company, and the book's title is also sometimes used to refer to the broader loyalty business model as a whole.
Reichheld's book was exceptionally popular with marketing and customer relationship management professionals, and as such the phrase "loyalty effect" has become synonymous in some circles with the more generic concepts covered by the loyalty business model.
Reichheld, Frederick F. The Loyalty Effect, Harvard Business School Press, 1996.
www.bookrags.com /wiki/Loyalty_Effect   (122 words)

  
 E-Commerce News: Customer Service : Best Loyalty Programs on the Internet
Although loyalty programs may be innovative in the e-tail realm, the biggest online success stories still come from the companies that have been doing business offline for a long time.
One of the difficulties of running an online loyalty program is that customers are familiar with the intricacies of airline and hotel programs but may be hesitant to participate in similar Internet-only strategies.
The loyalty programs that are currently solid and those that will dominate in the future will let customers blend online shopping with offline rewards, such as hotel-room discounts or flight coupons, he said.
www.ecommercetimes.com /story/32997.html   (1106 words)

  
 Business Model   (Site not responding. Last check: 2007-10-20)
One of the key drivers for business change and success is workplace management, which involves not only managing in a cost-efficient manner, but managing in a manner that will make customers happy.
Satisfaction with service quality is often seen as leading to customer loyalty and ultimately to a competitive advantage for the service provider." The data we gather "should lead to constructive action plans and improved resource-planning decision, making cost and quality controls more effective.
Post analysis, the answers obtained from this survey will be applied to either improving upon the business models of current bars in the area, or applied to constructing a new business model to cater to the desires of the students, hopefully leading to a successful business endeavor.
www.vu.union.edu /~johnsom4/magoos/model.htm   (295 words)

  
 Loyalty business model   (Site not responding. Last check: 2007-10-20)
The beautiful model had her face on the cover of almost every fashion magazine imaginable.
The sculptor modeled the clay into the form of a dolphin.
So A Working Model will not be a business vehicle for me, but is not going to be a place for me to putter around in.
www.serebella.com /encyclopedia/article-Loyalty_business_model.html   (774 words)

  
 Putting the Service Profit Chain to Work: How to earn your customer's loyalty.
You have a product with proven appeal, a business model that's proven profitable and an operations manual that's been put to the test.
Loyalty is a direct result of very high customer satisfaction.
Loyalty is your armor against the competition, and it gives you a clear path to realizing the lifetime revenue potential of your customers.
www.franchise-update.com /article.php?id=32   (898 words)

  
 The Magic Cauldron: Indirect Sale-Value Models
In this model, you release software in binaries and source with a closed license, but one that includes an expiration date on the closure provisions.
Under this model, customers can ensure that the product is customizable to their needs, because they have the source.
The main drawback of this model is that the closure provisions tend to inhibit peer review and participation early in the product cycle, precisely when they are needed most.
www.catb.org /~esr/writings/magic-cauldron/magic-cauldron-9.html   (1410 words)

  
 Contact Professional - Magazine Articles
The first step in operating a loyalty-based business system is finding and acquiring the right customers: those who offer stable cash flows and a profitable return on the firm''s investment in the future; those whose loyalty can be earned and kept.
To do this determine those investors who: want to be involved in the business as partners not just shareholders; are driven by true long-term successes; have an investment timeline that parallels your value-management model; and value loyalty models for acquiring and retaining top-quality customers and employees.
Milton may not have realized that his ideas were the foundation for a Business Loyalty Model or a new CRM strategy, but he had great courage, failed many times, and held never relinquished his dreams or principles of leadership and loyalty.
www.contactprofessional.com /issues/article.asp?ID=110   (1722 words)

  
 Definition of index.php?search=Business|Industries&limit=20&offset=140   (Site not responding. Last check: 2007-10-20)
Unix versions of B32 were discarded as Universal Business Basic ran on those operating systems, but the Ecl...
business degree, a two-year full-time [[Master of Business AdministrationMBA]], a one-year full-time MBA, a...
Business Depot was formed when Staples bought The Business Depot.
www.wordiq.com /knowledge/index.php?search=Business%7CIndustries&limit=20&offset=140   (613 words)

  
 Continuu, the Magazine of the University of Utah - Summer 2004
One recruiter recently characterized a visit to a prestigious Ivy League business school as “a walk in the Land of the Velociraptors.” It was not a compliment.
What our students needed was a much better grounding of their business behavior in personal values and “gut instincts.” This approach is not about externally defined rules; it is about understanding core personal values and how they relate to business decisions.
R.C. Willey is a tough competitor because of Child’s values and the business model they define, and it is important for business educators and students to understand that model.
www.alumni.utah.edu /continuum/summer04/andfinally.htm   (742 words)

  
 Glossary
A mathematical model of an entity that describes its behavior as a result of its past history and current inputs.
In contractual forms of business, the customer has a contract with a company and is billed regularly.
Loyalty Builders' proprietary algorithm and associated index measuring the good aspects of retention and recency, scaled from 0 to 10; higher is better
www.loyaltybuilders.com /resources/glossary.htm   (1038 words)

  
 PRESS RELEASE SOURCE Establishes the SCORE International LoyaltyShare Clearinghouse(TM)   (Site not responding. Last check: 2007-10-20)
SOURCE has built a reciprocal, loyalty platform and infrastructure and is currently uniting competing "Loyalty Providers" into a cooperative network in order to grow their businesses and increase their profitability using a "coopetition" business model.
Loyalty Providers are companies that offer loyalty-related products, programs, technologies and services to their members and merchant affiliates.
Using coopetition through the Network, Loyalty Providers are now able to offer the latest technologies, benefits, rewards and proprietary program models to their members and merchant affiliates.
www.marketwire.com /mw/release_html_b1?release_id=141919   (466 words)

  
 Not My Kind: Customers You Don't Want
Customer loyalty programs, both hard (like a points system) and soft (a wish list or other sticky feature), can be used not just for existing customers but new customers as well.
The best way to increase customers' loyalty is in their time of need.
But, after five years of my loyalty, my car insurance company dropped me because someone vandalized my car and the repairs were expensive.
www.clickz.com /experts/article.php/3420711   (1028 words)

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