BVC Business Model is centred on providing an engagement platform which can be
tracked for the different activities by the consumer. Hence it provides solutions for channel effectiveness, sales force effectiveness and merchandising. The Business Model is given as follows: Key partners Key Activities Value Proposition Customer Relationship Customer Segment Payment Partner Customised Projects for Clients Consumer Engagement After Sales Maintenance Key Players in E- Commerce Cloud Partner Sound Technology Platform Potential Big Hypermarts looking to go online Platform as a Service (Paas) Channel Effectivenes s Effectiveness Feedback System SME's who need a E- trading Palatform Hardware Supplies Partner Consultation Sales Force Effectivenes s Channels Cost Model Online Social Websites Revenue Model Key Resources Hardware Infrastructur e Mobile Apps Subscriptio n form Paas Compitive & Skilled Menpower Running & Maintaining Infrastructur e Other B2B Websites such as Indiamart Service Maintence IT Infrastructur e Salary/ Wages Offline Point of Sale Engagement Data Consultatio n Customer Information Data Bank Data Channel partners TV Channels Advertiseme nt Customised Projects B2B Marketing Spend Cold Calling
Secondary Research Data
IT Upgradation
Answer 2) KPI a. Revenue Generated per touch point(Source of collecting info) b. Revenue generated per platform (as a service) c. Effectiveness of Value Chain Integration d. Conversion Rate of a Platform as a service e. Frequency of break down f. Cost per Transaction g. Transaction Closure Rate h. Fault Slip Through i. Overall Assignment Content Adherence j. Schedule Adherence Need based services Data Hardware Analytical Tools Human Resource Consultation Platform Development IT Services Private/Hybrid mode Technology Platform Front End Back End Campaign Design Data collection Loyalty and Retention programs Channel effectiveness Sales force effectiveness Demand Generation Lead Generation Demand Fulfilment Identifying Business opportunities Platform Database Server Web Application Server Breakdown Enterprise feedback systems Need based (cloud service) Recommendations Licences, Data Storage, Servers, Hardware, IT standards, software Cloud, virtual system, new platform, Analytical tools PCs, Hardware, cloud, ERP, MIS IT, Marketing, Sales team, Admin
Answer 3) Dimensions: a. Number Of Touch points being catered: b. Segmented Revenue c. Data Collected per platform d. Activities in the Value Chain and their effectiveness e. No the leads generated f. No of Customers converted g. Break Down Time per platform h. Revenue Loss due to break down
Answer 4) Key Analytics In order to engage customers, to make him purchase or to increase the conversion rate of foot falls in terms of hit on the website, various tools or techniques could be used on every stage for consumer engagement management; 1. Search Engines Optimisers could be used for analysing the triggers like Google Analytics etc 2. Tools like Consumer Barometers or Get Response could be used to analyse the domains which a consumer visits frequently so that for marketing of products could be done on these websites 3. MIS systems or Dashboard could be used for reporting or analysing dimensions like time spent page views etc 4. For tracking the product prices, price analytics could be use 5. Other tools like SAP Hana, Cognos or SAS packages could be use for tracking revenue growth or any financial parameters, 6. The overall approach would be Data cleaning, the preparing the data for analysis, then finding the data drivers and finally branch performance analysis which will track customer satisfaction levels and brand or product loyalty
Answer 5) Customer Engagement Management (CEM) is a discipline in which Customer Journey Design is combined with the necessary tools and instruments that optimize and integrate the various touch points of (potential) customers throughout their Customer Journey. This is made possible by the abundance of communications channels such as Mobile apps Websites Facebook pages Direct e-mails QR codes YouTube These media enable companies to listen carefully to the market and to better understand individual customers. Interactions with customers are managed more optimally with Customer Engagement Management. This truly engages the customer. Birdvision Consulting solutions should comprise of aspects such as Digital Marketing Online Channel Optimization xRM Social CRM Customer Insight These tools will help bring out customer's engagement during their digital quest. An increasing number of customers demands excellent service quality, even if it costs a bit more, and they are willing to churn to get what they want. Unfortunately 60% of customers report having problems with services. If expectations for quality arent met, businesses around the world risk losing 40% of their customers in the next twelve months, according to the 2014 Acquisition and Retention Study Report. Replacing lost customers is a costly task, hitting profitability significantly. Customer Engagement Management (CEM) can come only by enriching customers experience, for which the organization needs to focus on resolving of issues. This helps to retain and acquire new customers and boost revenues through increased platform, service, usage. Some measures which can be taken are: Making use of targeted campaigns Efficient Customer Care Offering products (own and best-of-breed third party) and services (including business and process consulting, systems integration, customization and optimization) Manage customers experience through an innovative user-friendly online portal that helps to bridge organizational silos Find out how to manage customers needs and enable automated configuration and smooth service uptake Analysing subscriber behaviour is the only sure way to understand how customers experience of the services Services are a key building block in solutions like the CEM Umbrella Solution so focus upon that Making use of Loyalty Scores which helps identify and improve the factors affecting the customer loyalty