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McKinsey Thinks Bland, Generic Loyalty Programs Are Killing Business – And They May Be Right!

Beyond Philosophy

And, what is the impact of loyalty programs on enterprise profitability? Overall, companies with loyalty programs have grown at about the same rate as companies without them; but there is variance in performance value among industries. Key among these are: Integrate Loyalty Into the Full Experience. Use the Data.

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5 Top Customer Service Articles For the Week of November 7, 2020

ShepHyken

Numerous experts were consulted. Six Steps for Improving Customer Engagement and Loyalty by Genelle Kunst. Chain Store Age) Establishing a loyalty program is a fundamental first step to improving customer loyalty. Top Retail Trends and Innovations That Drive Better CX by The CX Insights.

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Top 8 Ways in Which Metaverse Technology Has Transformed Businesses

CSM Magazine

To add value to your services, consult a metaverse developer to determine how useful the technology can be to your business. Another example of how brands can generate additional revenue from embracing metaverse innovation is by attracting sponsors and investors via virtual events or concerts and charging attendance fees.

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Amazing Business Radio: Lynn Hunsaker

ShepHyken

Featured Interview: Shep interviews Lynn Hunsaker who says that in Silicon Valley the danger exists to think that a concept like innovation can take precedence. So Lynn wrote the book Innovating Superior Customer Experience , to find a common ground with her peers in Silicon Valley. Take for example, loyalty programs.

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Experiential retailing is the next big thing in activewear

Alida

Innovation in offline retailing is emerging as one of the top trends in business today. In a similar move, Adidas opened a four-level, “stadium retail concept” store in Manhattan that features a personal fitness consultation area, a customization section and locker room-style changing rooms. The rise of experiential retailing.

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Two’s Company: Business-saving innovation is easier through partnerships

Currency Alliance

How many innovative ideas do you have to improve your area of the business? I’d say if it’s less than about eight, you are a manager and not an innovator. But innovation – and in particular, digital disruption – is now spelling the difference between the businesses that succeed, and those that fail. Innovation as a policy.

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Two’s Company: Business-saving innovation is easier through partnerships

Currency Alliance

How many innovative ideas do you have to improve your area of the business? I’d say if it’s less than about eight, you are a manager and not an innovator. But innovation – and in particular, digital disruption – is now spelling the difference between the businesses that succeed, and those that fail. Innovation as a policy.