Cases in Financial Management or Creating Do It Yourself Customers

Cases in Financial Management

Author: Eugene F Brigham

These cases are designed to be used in advanced undergraduate corporate finance courses or Graduate/MBA corporate finance courses. They are available bound as one casebook through January 2005, they are also available online to create your own custom casebook at textchoice2. com.

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Creating Do-It-Yourself Customers: How Great Customer Experiences Build Great Companies

Author: Peter C Honebein

More than 65 percent of Southwest Airlines' customers book tickets themselves on southwest.com. The self checkout available in more than 1,000 Home Depot stores contributed to a 7.3 percent increase in the average customer transaction. Customers are creating do-it-yourself teddy bears at Build-A-Bear® Workshops and designing do-it-yourself shoes at nikeID.com. Everyday, new ways of involving customers in businesses are emerging, evolving, and gaining wider acceptance.

Customer satisfaction is high in these do-it-yourself experiences because customers save time, have more control, and achieve self-made results. In Creating Do-It-Yourself Customers: How Great Customer Experiences Build Great Companies, veteran business consultants Peter C. Honebein and Roy F. Cammarano show anyone who serves customers, from CEOs to frontline associates, how to lead the creation of truly outstanding customer experiences.

This book justly emphasizes that for customers to perform, businesses must wrap their goods and services with performance-enhancing experiences. Customers need vision so they know what they are expected to do. They need access to tools that enable them to perform. They need incentives to motivate desired performances. And they need expertise so they can perform tasks competently. The authors call the orchestration of these four strategies a coproduction experience, and it forms the foundation for how businesses create do-it-yourself customers.

Through the principles of customer codesign, cocreation, and coproduction, business owners, leaders, and employees can champion the ideals of great experiences for customers and become leaders in the do-it-yourself economy. The results are clear: greater customer satisfaction, trust, loyalty, and lifetime value-the cornerstones of a great company.