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Higher Profits Through Customer Lock-In

Author Joachim Buschken
Publisher Cengage Learning
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33.13 37.95 USD
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Book Details
ISBN / ASIN0324202652
ISBN-139780324202656
AvailabilityUsually ships in 24 hours
Sales Rank4,046,414
MarketplaceUnited States 🇺🇸

Description

For the most part, Customer Satisfaction programs are ineffective. Companies need to strive for Customer Lock-in. Customers are locked into a company's product when the switching costs are high. This could result from the product being integrated into the companies business systems (Microsoft, SAP, etc). Thus, managers must ask themselves, "how can I increase the switching costs of my customer?" Bueschken's The Profitable Consumer is Not Satisfied, but Locked In covers different strategies for locking in customers.