December 2009

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Recommended CRM Readings

  • C. K. Prahalad: The Future of Competition: Co-Creating Unique Value with Customers

    C. K. Prahalad: The Future of Competition: Co-Creating Unique Value with Customers
    This is great stuff on co-creation of value. Take this book, mix it with The Experience Economy, a dash of CRM at the Speed of Light and the future is ours, man!!! (*****)

  • B. Joseph Pine II & James Gilmore: The Experience Economy

    B. Joseph Pine II & James Gilmore: The Experience Economy
    This is a groundbreaker, folks. One that you should be reading right now. Go. Shoo. Go get it now. It is affecting you as you read this, whether or not you know that. Seminal work on what has been a transition to a new type of economy. (*****)

  • Christopher Locke, Doc Searls, David Weinberger, Rick Levine: The Cluetrain Manifesto

    Christopher Locke, Doc Searls, David Weinberger, Rick Levine: The Cluetrain Manifesto
    If this book didn't spend so much time proclaiming its manifesto and explained it a little more, it would be a disruptive innovation unto itself. It is a powerful and often metaphorically lovely book about the new customer a few years before that customer even knew it was what the cluetrain crew train said it was. A great book but strident as hell. This was a more important book than many realize it was. Or is. (****)

  • Naras Eechambadi: High Performance Marketing

    Naras Eechambadi: High Performance Marketing
    If marketing is something you do, then this book is something you read. Not only does this dynamic book look at marketing in a contemporary fashion - with the customer at the center - but it also helps you figure out how to (finally!) measure your activities and results. A genuinely refreshing brace of business thinking in a field that needs it. (*****)

  • Shoshana Zuboff: The Support Economy

    Shoshana Zuboff: The Support Economy
    This is a revolutionary book. I love this book (partially because it validates everything I say :-)) because it recognizes that the "enterprise logic" of managerial capitalism is no longer sufficient to interest a consumer who is trying to control his/her own value. There's so much more.... (*****)

  • James G. Barnes: Secrets of Customer Relationship Management: Its How You Make Them Feel

    James G. Barnes: Secrets of Customer Relationship Management: Its How You Make Them Feel
    This is a you gotta read, read. Jim is a board member of CRMGuru, has won numerous academic honors, is a real world CRM consultant, runs marathons, and can write up a storm. He thinks out of the box and then provides approaches to how you can. This book is undegoing updating but is well worth it as is. Get it. Now. What are you waiting for? Hurry up!! (*****)

  • Jill Dyche: The CRM Handbook

    Jill Dyche: The CRM Handbook
    The ultimate guide to implementation of CRM. This book is about as practical as it gets. Just lays it right out and boom, you should have an idea of what you have to consider when it comes to CRM. (*****)

  • Paul Greenberg: CRM at the Speed of Light

    Paul Greenberg: CRM at the Speed of Light
    This is the best book on CRM EVER written. So I say. And it is written by me and so I pass judgment on myself. (*****)

  • Donna Fluss: The Real-Time Contact Center

    Donna Fluss: The Real-Time Contact Center
    As Donna points out, this is an ironic title. All contact centers are already "real-time." None the less this is both cutting edge and definitive and reading it is a must (*****)

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August 05, 2009

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Comments

pkward

Hey, PG, one of the things I say about customer experience management goes right to the heart of your phrase, "Don't Compete with Yourself." Basically, I make the argument that experience management MUST be a core competency of the firm, because satisfaction is the difference between expectation and experience. The marketing people have tons of science, technology, culture and instinct lined up around raising expectations. Unless you counter that power with the same array of tools to manage the experience, you are losing the battle to gain and improve customer satisfaction levels.

In short, marketing is really good at raising expectations. You've got to be even better at designing and managing experiences. Or else ... you're competing against yourself!

Paul Greenberg

Brian,
I'm happy to speak with you. I'm well acquainted with Montgomery County's CRM efforts - one of the most aware and active counties I've ever run across in trying to do what's right for constituents. Feel free to email me or call me at paul-greenberg3@comcast.net and 703-551-2337 respectively. It'll be good to catch up also!

Brian Roberts

Paul, I would love to talk to you about topic number four; I'm working on Montgomery County's 311 project, bringing CRM to the public sector. Much is the same, many things are different. Let's talk.

Jody Pellerin

Having just read "Predictably Irrational" by Dan Ariely, I wonder what you might have to say about the success or failure of CRM (or other) implementations and how the successes were due to management understanding how people actually ARE as opposed to the rational beings we think we are. And if the failures are due to not taking into account that "humanness".

Louis Columbus


Paul,

Those are interesting results from the poll and the higher trust for individual analysts may indicate clients see them as more committed for the long term to CRM relative to larger firms.

It’s been my experience as an analyst, vendor, and user client to see analyst firms move in and out of coverage areas either opportunistically or due to a shift in the market forcing new priorities. Possibly this opportunistic mindset on the part of larger firms is making them less trustworthy over the long-term.

Taking into account the analysts you mention from the larger firms including Ray Wang, Natalie Petouhoff, and Bill Band of Forrester – I’d contend these people and other analysts including Jeremiah Owyang are as much the Forrester brand as they are employees. Paradoxically these are not just employees they are the builders and promoters of the Forrester brand in a sense. Deliberate or not, Forrester giving these analysts free reign on social networks is very wise; as each has exceptional insights into their areas and freely shares their knowledge too.

The same holds true for Michael Maoz, and Ed Thompson and Scott Nelson, each of which writes with an honesty that gets away from analyst-speak quickly. Micheal Maoz’ critical voice brings credibility too. These analysts I think are redefining who Gartner is in CRM.

What unifies those analysts working for larger firms and the independents is the passion they have for what they do and willingness to share their insights – I think this entire dynamic going on relative to trust means the old model of paying for reports, or publications, is gone (well possibly for lead generation) – instead I think the analyst model will morph into those who can step into your firm and deliver results fast, whether you are implementing CRM or a vendor in need of help. The bottom line is that analysts will now be measured more for what is between their ears and their ability to contribute and less about selling exposure.

Vinay Iyer

Paul,

Your and SAP's poll findings do indeed present an interesting change in 'trust' dynamics. Certainly provides marketers like me something to think about wrt where to put our money and efforts.

You may also be interested to note that I have been surprised recently by the inflexibility of at least one of the major analyst firms to work with vendors. It especially shocked me given the current economic climate. It is a sad fact that while individual analysts like the ones you have mentioned above are doing some remarkable work and providing great insight and guidance, their firms are still living in some irrational 'cloud'!

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