There’s big learning for large corporations to take away from small businesses. Today, “consumers have come to expect a more personalized experience from the businesses they buy from*”. Whether they’re buying food, a product, a service, or consulting.
Think small businesses, mom and pop shops… personal, intimate. Riding on emotion, joy, empathy.
Now imagine all the power of data and analytics. “Increasingly more technology platforms are putting analytics at the forefront and making it easier for business users to access and make data more actionable*”.
“Both types of analytics (predictive and prescriptive) serve a purpose when it comes to fostering the loyalty of your customers.*”
Now think again… Think small businesses, mom and pop shops… personal, intimate. Riding on emotion, joy, empathy.
Empathy is what customers are increasingly seeking from businesses, whether it’s a small deli they frequent, or a large consulting engagement they’re in. Whether the customer is external or internal.
Imagine you take all the power of analytics from all data you choose to track, deduce intelligences around your customer, then wear the small business hat… small, personalized, intimate. Feeling your customers’ pain, feeling your customers’ joy, feeling what’s success for your customer. And responding in a way a local deli or baker would, when you explained to her you had gluten allergy, so could she bake something for you… Think empathy.
Suddenly something changes. You become your customer’s ally; their trusted advisor. Empathy uses intelligence from big data. Then turns it around into behavior. Empathy is the glue that makes your customer stick.
Empathy is also what leads us to real solutions to real problems. As the practice of design thinking has shown us.
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* Chris Poelma, Analyzing the Science Behind Customer Loyalty (http://entm.ag/27jwNTn)