Consulting
BUILDING CUSTOMER EQUITY
Businesses face the challenge of volatile and dynamic markets. Ever-expanding communication channels, new and improved sales channels and informed and constantly evolving customers—all make it difficult to keep track of customer needs, let alone fulfilling them.
But if you are not basing your marketing strategy on customer equity, you are missing out on a big part of the equation. This is where Strategic Caravan comes in. We work with you to create customer value through a relentless focus on customer-centric initiatives. We assist organisations through customer-focused strategy design, deep segmentation and customer performance measurement metrics, ensuring a profitable return on customer relationship.
Fortune 500 Indian Company
Challenge
How do you create a unified customer-one-view for a mammoth organization with multiple Business Units and a maze of customer touch points?
Project Focus Areas
- Design of Program structure, Financial and Organizational structure
- Development of Value proposition
- Creation of Customer One View roadmap
- Implementation plan
- Strategy and roadmap to leverage Customer asset across 3 Business divisions
- Program strategy
- Insights Roadmap
Global Fortune 100 Retail B2B
Challenge
How do you assess the buying behavior and build relationships with your B2B customers? How do you segment them? How do you evolve a rewarding strategy and an optimized beat plan for the Sales executives?
Project Focus Areas
- Development of value proposition, program positioning & branding
- NPS and member satisfaction measurement and improvement
- Campaign solutions – communication calendar, initiatives such as cross sell, upsell specific to the category and the segments
- 3D segmentation model basis share of wallet, size of wallet, consistency
- Behaviour reward triggers to change overall desired behavior
- Analytics – Effective beat management, category analysis, churn model, profitability drivers analysis
- Program model scenarios aligned to business strategy
Leading QSR Chain
Challenge
Your customer does not visit your premises. He enjoys your products. But how do you build a relationship using the delivery point?
Project Focus Areas
- Development of parameters & solutions design to identify/profile customers
- Segmentation of the customer base
- Customer analytics to identify customer behavior pre and post the campaign
- Campaign management solution with the customer profile and transaction data provided
- Defining customer-based metrics for measurement, ongoing reporting on the metrics
Consumer Durables Company in The Health Space
Challenge
How do you influence the influencer? How do you build and nurture relationships with influencers and transform them into a brand advocate?
Project Focus Areas
- Building a long term relationship with the key health ambassadors
- Program concept design, management, liasioning with creative partner and field partner
Project
Sales team engagement program through Mobile App Technology based solution design aimed at the sales channel to engage with the sales team, motivate it, leverage real time information and measure employee satisfaction
Multinational Financial Services Entity
Challenge
How does a technology company delivering tech-augmented cards understand the voice of its customers? And the VOCC?- Voice of the customers’ customers? And then design the card offerings?
Project Focus Areas
- Identify potential lines of persuasion through detailed desk research for credit and debit card customers among various consumer segments
- Implement qualitative research across multiple geographies and consumer segments to enrich, validate and debunk findings from desk research for bank customers
- Validate qualitative findings through quantitative digital research to identify most valued features in new cards and key drivers of persuasion by consumer segment
- Help client leverage findings into a persuasive sales pitch for banks
E-Commerce Marketplace
Challenge
Scenario options for: 1. Loyalty Models 2. Program Design Key Principles 3. Partnerships
Country’s Largest Hair Treatment (Keratin) Distributor
Project Focus Areas
- Design the loyalty program
- Customer behavior analysis and program strategy
- Program structure and business rules
- Technology partner selection
India’s Largest Philanthropic Trust
Project Focus Areas
- Application of customer marketing techniques to developmental sector
- Data architecture design enabling creation of IT infrastructure that can be scaled up across all the regions
- Solution enabling monitoring at individual and household level which is currently at project level and geographical level
Project Focus Areas
- Application of customer marketing techniques to developmental sector
- Data architecture design enabling creation of IT infrastructure that can be scaled up across all the regions
- Solution enabling monitoring at individual and household level which is currently at project level and geographical level
Global Money Transfer Leader
Challenge
How do you build continual emotional involvement in a financial transaction? How do you segment customers? And how do you define the parameters for segmenting them?
Project Focus Areas
- Quantification of the incremental customer value being driven by loyalty program members
- Data analytics to eliminate sample selection bias and thus evaluating pre-post membership behaviour for like-to-like member – non member segments
- Supplementing existing program measurement approaches with a more rigorous methodology
- Quantification of the impact of ‘nurturing’ member relationships through the effect of longitudinal communications
Middle-East Based Fintech Platform That Enables Seamless and Complete Digital Banking
Challenge
As a tech platform the emotional aspects tend to be very low. And you want to build a strong relationship with your customers. In addition you want to strengthen the habit of sharing and giving. How can you do all this within the scope of a loyalty program?
Project Focus Areas
- Design the loyalty program keeping in mind fintech offering, competitive forces, and key differentiators. Complete program design with the philosophy of social good at the core and value proposition of “Do good, give for good and reap the good”
- Establish business rules for currency accrual, recognition, benefits, and privileges with personalized rewards catalogues
- Undertake research to understand society and culture of target segments, including a study of Islamic banking and Shariah-compliant practices
- Complete high-level process maps for programme implementation
- Identify potential technology partners
Football Team Fan Club at ISL
Challenge
Design the Fan Club program
Project Focus Areas
- Consumer expectation analysis and program strategy
- Technology partner selection
- Program structure and activity calendar