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End User License Agreement
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End User License Agreement
by Alexander J. Buoye, Luke Williams, Lerzan Aksoy, Timothy L. Keiningham
The Wallet Allocation Rule
Title Page
Copyright
Dedication
Preface
Notes
Foreword
Chapter 1: It's “Oh My God!” Bad
Key Takeaway: Customer satisfaction is the most widely used metric for measuring and managing customer loyalty. But our research finds that satisfaction does not link to what counts most: market share
Growth Is Hard to Find
Deconstructing Market Share
Different Metric, Same Outcome
Satisfaction ≠ Market Share
Satisfaction ≠ Share of Wallet
Always Wrong on Average
A Cautionary Tale
The Moral of the Story?
Notes
Chapter 2: Eureka! The Discovery of the Wallet Allocation Rule
Key Takeaway: Satisfied customers who recommend your brand are important. But all too often customers like your competitors just as much as they like your brand. The end result is that you are losing
Getting There
Determining Your Rank
The Wallet Allocation Rule and Share: The Evidence
The “Best” Metric?
Why Does the Wallet Allocation Rule Work?
Using the Wallet Allocation Rule
Wallet Allocation Rule Strategy
How to Improve Your Rank
The Rule in Practice
Conclusion
Notes
Chapter 3: The Wallet Allocation Rule in Action
Key Takeaway: The drivers of share of wallet are almost always very different from the drivers of satisfaction or NPS. Wallet Allocation Rule analysis gets to the heart of what drives wallet share by
Grinding a New Set of Lenses
Putting the Wallet Allocation Rule to Work
Conclusion
Notes
Chapter 4: Customers as Assets
Key Takeaway: Growth is easy for firms willing to give their products away—for as long as they remain in business! But the first duty of a business is to survive. Managers must never lose si
The Wallet Allocation Rule Is Not a Panacea
Revenue ≠ Profits
Short-Term Gain, Long-Term Pain
Money-Losing Delighters
Aligning Satisfaction, Share of Wallet, Revenue, and Profit
Conclusion
Notes
Chapter 5: New Metrics That Matter for Growth
Key Takeaway: The Wallet Allocation Rule makes it possible for managers to easily link customer satisfaction to share of wallet. But because the rule is based upon a company's relative rank, not i
Glass Houses and Stones
Must-Have Marketing Metrics
Customer Satisfaction
Key Drivers and Market Barriers
Demand Evidence
Notes
Chapter 6: Making It Happen
Key Takeaway: Rather than end this book with a cheerleader's call to “Go, Fight, Win!” we instead want to focus on this all too important fact: Without proper execution, good i
Rule 1: Get the Data Right
Rule 2: Set the Right Performance Standards
The Next Disruption
Notes
Afterward: What's Next?
Establish That You Need It
Get Help
Let's Talk
Connect with Us
Visit www.walletrule.com
Notes
Appendix A: Quick Start Guide
What Is the Wallet Allocation Rule?
Wallet Allocation Rule Strategy
Identifying Opportunities for Improving Share of Wallet
An Example in the Credit Union Industry
Conclusion
Notes
Appendix B: Frequently Asked Questions
When Is It Appropriate to Use the Wallet Allocation Rule?
Does the Wallet Allocation Rule Work with All Satisfaction Metrics?
Is There a Preferred Metric We Should Use to Determine a Brand's Rank?
How Do I Ensure That All Relevant Competitors Are Ranked?
What Metrics Should Be on My “Dashboard” Related to the Wallet Allocation Rule?
Why Does the Wallet Allocation Rule Work?
Will Relative Net Promoter Score Work?
Isn't Share of Wallet Just a Function of a Brand's Reach (i.e., Penetration)?
Visit www.walletrule.com
Notes
Acknowledgments
Principal Contributors
Notes
About the Authors
Timothy Keiningham, PhD
Lerzan Aksoy, PhD
Luke Williams
Alexander Buoye, PhD
Index
End User License Agreement
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WILEY END USER LICENSE AGREEMENT
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www.wiley.com/go/eula
to access Wiley's ebook EULA.
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