The Wallet Allocation Rule
Winning the Battle for Share
Luke Williams author Lerzan Aksoy author Timothy L Keiningham author Alexander J Buoye author
Format:Hardback
Publisher:John Wiley & Sons Inc
Published:20th Mar '15
Currently unavailable, and unfortunately no date known when it will be back
This book offers a new perspective on customer loyalty, emphasizing the importance of understanding share of wallet for business growth.
In The Wallet Allocation Rule, readers are introduced to a groundbreaking approach to understanding customer loyalty and spending. This book emphasizes that traditional metrics, such as customer satisfaction and Net Promoter Score (NPS), do not adequately reflect the true share of wallet that customers allocate to brands. Instead, it presents a new framework that links customer loyalty directly to their spending behavior, providing a clearer path for businesses to enhance their growth strategies.
The authors argue that companies invest heavily in improving customer experiences based on flawed metrics, often yielding minimal or negative returns. By focusing on the Wallet Allocation Rule, businesses can uncover the real drivers of customer spending. This innovative guide is backed by rigorous research published in prestigious journals, offering managers a scientifically validated method to analyze their customer relationships more effectively.
Through practical insights and actionable strategies, The Wallet Allocation Rule equips managers with the tools necessary to assess their current customer spending and identify opportunities for growth. By understanding how to influence the share of wallet, businesses can achieve sustainable success in an increasingly competitive marketplace. This book is essential for any manager looking to transform their understanding of customer loyalty into tangible financial results.
ISBN: 9781119037316
Dimensions: 231mm x 158mm x 25mm
Weight: 431g
240 pages