Of the three types of executive authority (Positional, Borrowed, Earned), Earned Authority depends on the recognition of a CCO's value. This article discusses four ways to increase Earned Authority, so that tenure is not left to chance.
Of the three types of executive authority (Positional, Borrowed, Earned), Earned Authority depends on the recognition of a CCO's value. This article discusses four ways to increase Earned Authority, so that tenure is not left to chance.
Of the three types of executive authority (Positional, Borrowed, Earned), Earned Authority depends on the recognition of a CCO's value. This article discusses four ways to increase Earned Authority, so that tenure is not left to chance.
CHIEF CUSTOMER OFFICER COUNCIL www.ccocouncil.org | (978) 226-8675 Page 1 Four Strategi es for Increasi ng Earned Authori ty
by Curtis N. Bingham
2013 Predictive Consulting Group, Inc. All rights reserved. Reproduction prohibited. CHIEF CUSTOMER OFFICER COUNCIL www.ccocouncil.org | (978) 226-8675 Page 2 Four Strategi es for I ncreasi ng Earned Authori ty
Curti s N. Bi ngham Founder and Executi ve Di rector Chi ef Customer Offi cer Counci l cottls 8loqbom ls tbe wotlJs fotemost ootbotlty oo tbe costomet-ceottlc otqoolzotloo. ne wos tbe fltst to ptomote tbe tole of cblef costomet offlcet os o cotolyst fot competltlve oJvootoqe. ne ls tbe cteotot of tbe fltst ccO kooJmop ooJ tbe costomet ceottlclty Mototlty MoJel. ne ls tbe foooJet of tbe cblef costomet Offlcet cooocll, o powetfol ooJ lotlmote qotbetloq of tbe wotlJs leoJloq costomet execotlves. As oo lotetootloool speoket, ootbot, ooJ coosoltoot, cottls ls posslooote oboot cteotloq costomet sttoteqy to sostoloobly qtow teveooe, ptoflt, ooJ loyolty.
1here are Lhree Lypes of execuLlve AuLhorlLy: oslLlonal, 8orrowed, and Larned (Lhe 8lngham CCC AuLhorlLy Model ls fully dlscussed ln 1be 8loqbom AJvlsoty. lowetfol lofloeoce oo costomet ceottlclty, see below). ln Lhls arLlcle, l focus on Larned AuLhorlLy and some of Lhe sLraLegles CCCs can employ Lo lncrease lL. oslLlonal AuLhorlLy doesn'L change. 8orrowed AuLhorlLy may have a llmlLed llfespan. 1he remalnlng AuLhorlLy ls earned Lhrough a susLalned hlsLory of dellverlng poslLlve, vlslble resulLs for cusLomers LhaL also beneflL Lhe buslness, and by provlng Lo oLher execuLlves Lhe buslness value of acLlng ln Lhe cusLomer's besL lnLeresL. 1here are four ways Lo earn AuLhorlLy, dlscussed below. Own Customer Insight and Inject it into Strategic Discussions 1he CCC's value ls ln lnLerpreLlng daLa and devlslng sLraLegy buL noL necessarlly ln ownlng cusLomer daLa, as Lhls can be a Llme-consumlng dlsLracLlon from Lhe real CCC value. CCCs musL be Lhe deflnlLlve AuLhorlLy on cusLomer needs, wanLs, and deslres and accuraLely represenL cusLomers ln sLraLeglc declslons balanced, of course, wlLh buslness needs. Cwn and manage Lhe hlghesL prlorlLy cusLomer lnslghL gaLherlng processes uevelop a defenslble meLhodology Lo annually ldenLlfy Lhe Lop 10 cusLomer dlssaLlsflers across producL llnes and buslness unlLs 1ell Lhe cusLomer sLory lnvlLe cusLomers Lo Lell Lhelr sLorles aL all levels
2013 Predictive Consulting Group, Inc. All rights reserved. Reproduction prohibited. CHIEF CUSTOMER OFFICER COUNCIL www.ccocouncil.org | (978) 226-8675 Page 3 MonlLor soclal medla
Build Relationships With Peers, Employees, Management, Customers, And Outside Influencers 8y deflnlLlon, Larned AuLhorlLy resulLs from Lhe recognlLlon of Lhe value of Lhe CCC's efforLs. MosL CCCs do noL own all cusLomer-faclng resources and musL lead by lnfluenclng relaLlonshlps. 1hese relaLlonshlps help drlve cusLomer cenLrlclLy LhroughouL Lhe organlzaLlon and change Lhe buslness landscape. CreaLe a closed-loop Lrlage, escalaLlon, and lssue resoluLlon process 8ecrulL unllkely Allles" Share loyalLy survey lnslghLs ln a speclal prevlew wlLh execuLlves CreaLe Peroes" 8ecome an lnLernal consulLanL Lo oLher deparLmenLs Launch a cusLomer LargeLlng and acqulslLlon program Pelp overcome sales reslsLance CreaLe a cusLomer reference and referral program uevelop your personal" CCC brand Lo push your corporaLe brand
2013 Predictive Consulting Group, Inc. All rights reserved. Reproduction prohibited. CHIEF CUSTOMER OFFICER COUNCIL www.ccocouncil.org | (978) 226-8675 Page 4 Engage Employees 1he CCC cannoL afford Lo be Lhe only cusLomer champlon. All employees musL be acLlvely engaged as parL of a pervaslve, cusLomer-cenLrlc culLure so as Lo ensure LhaL cusLomer needs are conslsLenLly and proflLably meL. LngagemenL can mean someLhlng as slmple as employees undersLandlng lndlvldual lmpacL on cusLomers or employees acLlvely seeklng Lo undersLand and dellver more for cusLomers. Pow can Lhe CCC besL engage employees ln Lhe servlce of cusLomers? ldenLlfy Lhe characLerlsLlcs of sLrongly cusLomer-cenLrlc and hlghly producLlve employees and provlde Lhese Lo P8 and hlrlng managers as screenlng and hlrlng crlLerla arLlclpaLe ln new-hlre orlenLaLlon, seL Lhe sLandards and creaLe Lhe cusLomer-cenLrlc culLure from Lhe ouLseL Make expllclL Lhe lmpacL every employee has on cusLomers 8ecognlze and reward deslred behavlors lnvolve employees ln cusLomer problem solvlng Measure employee engagemenL Measure conLrlbuLlon Lo cusLomer loyalLy aL Lhe lndlvldual employee level Demonstrate Results CCCs need Lo demonsLraLe and publlclze Lhelr resulLs ln order Lo earn greaLer AuLhorlLy. Cf parLlcular lmporLance ls Lhe correlaLlon wlLh revenue and proflLs. Cracle's CCC found LhaL Cracle's mosL engaged cusLomers generaLe 33 greaLer revenue Lhan slmllar cusLomers who are noL as engaged ln cusLomer programs. AnoLher CCC found LhaL exLremely loyal cusLomers were flve Llmes more llkely Lo repurchase, and LhaL by movlng 1 of Lhelr cusLomers lnLo Lhls Lop loyalLy box, Lhe company generaLed an addlLlonal $33.3M ln annual lncremenLal revenue. AnoLher low-cosL alrllne found LhaL a one polnL nS score lncrease generaLes beLween $3M and $8M. 1hese daLa are exLremely powerful. 1hey draw a clear llne from CCC lnlLlaLlves Lo lncreased revenue and demonsLraLe lnarguable resulLs. 1here are a number of ways Lo gaLher and demonsLraLe resulLs CreaLe meanlngful meLrlcs and leadlng lndlcaLors correlaLed wlLh revenue or proflLablllLy Cwn Lhe measuremenL/analysls process locus on loyalLy drlvers. use facLor analyses Lo dlscover Lhe llnchplns LhaL have Lhe greaLesL lmpacL on loyalLy locus on mlLlgaLors Lo loyalLy drlvers CreaLe a markeLlng communlcaLlons plan and soclallze Lhe resulLs aL all levels
2013 Predictive Consulting Group, Inc. All rights reserved. Reproduction prohibited. CHIEF CUSTOMER OFFICER COUNCIL www.ccocouncil.org | (978) 226-8675 Page 5 Conclusion lncreaslng AuLhorlLy Lo solve cusLomer lssues, drlve cusLomer cenLrlclLy, and Lhereby creaLe susLalnable buslness growLh needs Lo be a core sLraLegy of every CCC who doesn'L wlsh Lo relegaLe Lhe Lenure of hls/her role Lo chance. 1he 8lngham CCC AuLhorlLy Model ls a powerful Lool for guldlng your sLraLegy Lo galn and lncrease power and lnfluence wlLhln your organlzaLlon. lor more lnformaLlon on Lhls Loplc or Lo dlscuss your goals Lo lncrease your AuLhorlLy, conLacL CurLls 8lngham aL Lhe address below. *
* copytlqbt Notlce. All conLenL conLalned ln Lhls arLlcle ls copyrlghL proLecLed maLerlal. 8eproducLlon, ln whole or ln parL, ln any form or medlum, wlLhouL Lhe express wrlLLen permlsslon of Lhe Chlef CusLomer Cfflcer Councll ls sLrlcLly prohlblLed. 1 1hls arLlcle ls excerpLed from 1be 8loqbom AJvlsoty. lowetfol lofloeoce oo costomet ceottlclty, avallable for free download from Lhe CCC Councll webslLe aL: hLLp://www.ccocouncll.org/Lheblnghamadvlsory/.
2013 Predictive Consulting Group, Inc. All rights reserved. Reproduction prohibited. CHIEF CUSTOMER OFFICER COUNCIL www.ccocouncil.org | (978) 226-8675 Page 6 About CURTIS N. BINGHAM 1he flrsL Lo promoLe Lhe role of chlef cusLomer offlcer (CCC) as caLalysL for compeLlLlve advanLage, CurLls ls recognlzed as Lhe world's foremosL auLhorlLy on CCCs. Pe ls founder and LxecuLlve ulrecLor of Lhe Chlef CusLomer Cfflcer Councll` and creaLor of Lhe CCC 8oadmap and Lhe CusLomer CenLrlclLy MaLurlLy Model: groundbreaklng, proprleLary works LhaL asslsL companles achleve cusLomer cenLrlc culLure and revenue growLh. CurLls ls a champlon of cusLomer engagemenL as a crlLlcal growLh englne and flrsL Lo ldenLlfy engagemenL as Lhe nexL evoluLlonary sLep beyond loyalLy. An lnLernaLlonal speaker, auLhor, and consulLanL, CurLls ls passlonaLe abouL creaLlng powerful cusLomer sLraLegles and LrusLed for hls buslness acumen, acLlonable lnslghLs, and commlLmenL Lo measurable buslness resulLs. About THE CHIEF CUSTOMER OFFICER COUNCIL 1he CCC Councll ls a powerful and lnLlmaLe gaLherlng of Lhe world's leadlng cusLomer execuLlves from wldely dlverse lndusLrles. 1he Councll helps execuLlves achleve ob[ecLlves fasLer and more easlly by leveraglng besL pracLlces. lL helps valldaLe and reflne sLraLegles and lnlLlaLlves Lo avold experlmenLlng aL cusLomer expense. Membershlp ls by lnvlLaLlon only, and purposefully cross-polllnaLed wlLh Lhe mosL forward-Lhlnklng companles, large and small, so as Lo help cusLomer execuLlves dellver solld, cusLomer-cenLrlc buslness resulLs. lor more lnformaLlon, emall lnfo[ccocouncll.org or call 978-226-8673.
!"#$ &'( )"$*(+,-&#"$ www.ccocouncll.org ./01 .21 314. 5.165 .7 897: !"#$ /;.279<.= %&'()*+, ./*,+(/0( &/ 1+23&4() 1(/3)50536 - ln addlLlon Lo Lhree Lypes of auLhorlLy, Lhls 75/89:4 ;<=52&)6 provldes you wlLh: llve ways Lo borrow greaLer auLhorlLy lour ways Lo earn greaLer auLhorlLy Speclflc examples of each meLhod Learn Lhe Llme-LesLed besL pracLlces of leadlng senlor cusLomer execuLlves LhaL you can begln Lo lmplemenL and apply Loday! uowolooJ yoot ftee copy toJoy ot www.ccocouncll.org/Lheblnghamadvlsory/ .'">?'&@A(-B#$? C#B(", ccocouncll.org/vldeo
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H#$I(B<$ J#,)>,,#"$ K"+ GG7, (lor vs and above) CCC Councll neLwork