Did you know your best opportunities for growth might not only be from new products or services? Instead, they could be found by focusing on your current top customers — and finding new ones with similar behavioral tendencies.
Managing the Value of Customer Relationships was created to help you determine your most valuable customers and maximize their value. Created by Pete Fader, a renowned analytics thought leader and co-founder of Zodiac, this course will transform how you create and implement customer-centric strategies for your business. You’ll also learn how to equip your product-development processes to better meet your most valuable customers’ needs.
Programme Content
By the end of this course, you will be equipped with the knowledge and tools to advocate for customer-centric strategies within your organization. You will be able to identify and maximize the value of your most valuable customers, make data-driven decisions on customer acquisition and retention, and balance customer-centric efforts with product-centric initiatives.
Module 1: Customer Centricity, Customer Equity, Firm Valuation, and CLV
Explore the differences between product centricity and customer centricity
Understand the concepts of customer equity and firm valuation
Learn how to calculate and leverage customer lifetime value (CLV) for strategic decisions
Module 2: Managing Customers According to Lifetime Value in Contractual and Non-Contractual Settings
Examine techniques for managing customers based on their lifetime value
Discover strategies for both contractual and non-contractual customer settings
Implement best practices for segmenting and targeting customers effectively
Module 3: Acquiring Customers and Creating and Measuring Their Value
Learn methods for acquiring high-value customers and creating their value
Understand the metrics and tools needed to measure customer value accurately
Develop strategies to attract and retain customers who contribute to long-term growth
Module 4: Retention, Attrition, and Development
Explore strategies to improve customer retention and reduce attrition
Learn how to develop customers to increase their value over time
Understand the balance between retention efforts and acquiring new customers
Programme Audience
This course is designed for business leaders, marketing professionals, and product managers aiming to maximize customer value and drive growth. It is well-suited for those focused on customer-centric strategies, CLV analysis, and retention efforts, providing participants with the tools to identify, attract, and develop high-value customers while balancing product-centric initiatives. Those who may benefit include:
Business leaders and executives seeking to maximize growth by focusing on high-value customers
Marketing professionals looking to develop and implement customer-centric strategies
Product managers aiming to align product development processes with the needs of top customers
Analysts and strategists interested in calculating and leveraging Customer Lifetime Value (CLV) for decision-making
Professionals managing customer relationships in both contractual and non-contractual settings
Individuals responsible for acquiring, retaining, and developing customer bases for long-term growth
Entrepreneurs and small business owners looking to enhance customer segmentation and targeting strategies
Data-driven professionals eager to balance customer-centric and product-centric initiatives effectively
To further leverage the value and impact of this program, we encourage companies to send cross-functional teams of executives to Wharton. We offer group-enrollment benefits to companies sending four or more participants.
Programme Benefits
Advocate for customer centricity in your business
Make informed decisions about if and when to invest in customer centricity
Decide which experiments will help your business reach greater customer centricity
Find the balance between customer-centric and product-centric efforts
Choose metrics that assess ongoing customer-centric efforts
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