When executed successfully, achievement of long term customer loyalty and purchase preference over competing products or services is referred to as brand equity; that somewhat intangible value adding advantage. Brand equity also encompasses the concept of perceived value, which is a subjective measure that consumers develop to assess the costs of obtaining the brand.
The day of the lone salesperson calling on a customer is becoming history. Today, 75% of firms employ cross-functional teams to work with customers to improve relationships, find better ways of doing things, and create and sustain customer value.
Xerox: Building Customer Relationships through Personal Selling
Xerox is well-known for its sales representative training program. Every new sales representative at Xerox receives eight weeks of training development in the field and at the Xerox Corporate University in Virginia. The case follows Alison Capossela, a Washington, D.C.-based Xerox sales representative on a sales call as she narrates her activities during the stages of the personal selling process. She says “I’m like the quarterback of the team.”
Kerin, R. A. & Hartley, S. W. (2017). Marketing. (13th ed.). New York, New York: McGraw-Hill Education.
The History of Xerox and Milestones . (n.d.). Retrieved July 8, 2016, from Xerox.com: http://www.xerox.com/about-xerox/company-history/enus.html
Review the following information to see how Xerox continues to be relevant through customer relationship building in an increasingly competitive industry:
Based on the information provided, put yourself in the position of a marketing consultant brought in to the company to critically examine the company’s dedication to customer development and retention, and then formulate a set of well-developed and supported recommendations to the company’s senior leadership team. The recommendation should be logically presented, well-supported, and thoroughly vetted.