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Will You Add? - Loyalty - I Spell it With 3 R's
Online Advertising For The Chinese Market d. Harrah's hotel occupancy rate exceeds 90 percent versus an industry average of 60 percent.When you need to get your products or services in front of a Chinese audience, where do you start? This article will give you some tips.Whether you have a full line of products and services available that you want to market to China, or whether you only have one or two things available to China residents, you'll want to get your website in front of Chinese eyes through online advertising methods with a Chinese twist.Traditional Search Engine SubmissionsMany of the largest Chinese search engines offer free submission for your URL to their search engine. Here are the largest sites and their URL submit pages:Baidu is the #1 Chinese site on the web: Baidu Submit Page - baidu.com/search/url_submit.htmlThe Chinese version of the #1 worldwide Internet search engine, Google: Google China Submit Page - www.google.com/intl/zh-CN/add_url.htmlYahoo China is another popular search engine used by the Chinese: Yahoo Submit Page - siteexplorer.search.yahoo.com/submitSina.com is another huge Chinese portal and search engine: Sina.com Submit Page - iask.com/gue According to the Wall Street Journal, Harrah’s experiments with the 6+ Million people on whom they have gathered data. They test and tweak new promotions by sending out slightly different promotions to two similar groups of people then monitoring the near and long term results. Is this loyalty or trickery? The results are the same. Harrah’s estimates that their share of “loyal” customer gaming dollars rose from 30% to over 50% since they implemented the program in the late 1990’s. Another company that uses Analytics to drive loyalty is Amazon.com. If you are a frequent shopper at Amazon, you will receive recommendations that match and project topics of potential interest. Further, the web-retailer has built a plan called “Amazon Prime” which locks in high volume buyers through a club like “free shipping plan”. For $79 per year, members will receive an unlimited quantity of free 2 day shipping. The plan was originally panned by the financial community as a bottom line eating fiasco has been singled out as the largest driver of increased revenue through first quarter 2007. Detailed testing and predictive estimates allowed Amazon to better estimate the positive effects of the program long before it was fully implemented. Conclusions Company loyalty must be a conscious effort, a long term goal, and a continuing process. In today’s business environment, I would doubt that any organization can build long term success on any (single) one of these factors. But if a process is developed that retains the best of employees, retains them with increasing powerful skills and then provides them with the research needed to fine tune the attack – your company Difference Between Journal and Ledger Company Loyalty – I spell it with an R “The most widely requested trade mark tattoo is the Harley- Davidson.. Tattooed trademarks are more than symbols of extreme brand loyalty….. This could be why we do not see more TIDE, DELL or VERIZON tattoos.” From International Trademark Association website With the possible exception of Harley-Davidson, developing strong (or stronger) loyalty finds its way into the hearts and minds of company leaders throughout all sectors of business. Increasingly experts are telling us loyalty in today’s business environment goes beyond product and zooms by massive customer satisfaction surveys. Marketing experts talk about brands and dream of building powerful images in the minds of customers. Despite dozens of books touting the power of Harley-Davidson, Coca Cola and Google in the market, for most businesses loyalty is spelled with an R: Retention, Retraining, and Research.Journal1. Is the book of prime entry.2. As soon as transaction originates it is recorded in journal3. Transactions are recorded in order of occurrence i.e. strictly in order of dates.4. Narration (brief description) is written for each entry.5. Ledger folio is written6. Relevant information cannot be ascertained readily e.g. cash in hand can't be found out easily.7. Final accounts can't be prepared directly from journal.8. Accuracy of the books can't be tested.9. Debit and credit amounts of a transaction are recorded in adjacent columns.10. Journal has two columns one for debit amount another for credit amount.11. Journal is not balanced.12. With the computerization of accounting journal may not be used for routine transactions like receipts, purchases, sales etcLedger1. Is the book of final entry.2. Transactions are posted in the ledger after the same have been recorded in the journal.3. Transactions are classified according to the nature and RetentionIn their book, First Break all the Rules, Marcus Buckingham and Curt Coffman state the secret to good business is retention. Herb Kellher, Southwest Airline Chairman says, “You have to treat your employees like customers. When you treat them right, then they will treat your outside customers right.” I grew up in a family business. I spent my summers working with my father. On the way to work each day, he made sure I was well indoctrinated to his way of doing business. His customers were his sense of purpose. And, he was there to make certain the customer was always treated right. The unfortunate part was he couldn’t be there 100% of the time. Most of the time customers were treated “right” but sometimes they were not. And, typically it was an inexperienced mechanic or a new part time night guy whose misguided actions lead to trouble. I came to believe:
These employees also had the longest tenure with the organizations. Retention, loyalty and profits come together under a single roof. Loss of employees with valuable relationships to customers leads to loss of customers. Retraining I believe a corollary to retention is retraining. Retrain employees to build better relationships and your customers will be further (and faster) attracted to your organization. Far too often organizations spend all of their efforts training employees on the “hard skills” of their business. Receptionists are taught to manage a 14 line phone system. Customer Service Reps are taught to better use Excel and other Microsoft applications, but very few companies are taking time to teach the soft skills that build relationships. Some very successful companies are training for soft skills. Founded in rural Iowa in 1930 as a small neighborhood grocery store, Hy-Vee has grown to a $4.6 Billion and 49,000 employees. With a unique employee owner approach to business, Consumer Reports ranked Hy-Vee among the top five supermarket chains in the nation in terms of service and customer satisfaction. Hy-Vee provides soft skills training to every employee in their organization. Their jingle “A helpful smile in every isle” is backed up with intensive training. New employees (often teenagers) are taught to make eye contact, and smile whenever they encounter customers. Even the small things are covered in the employee’s training. For instance, when a customer asks where to find a specific product, the answer could easily be, “In the middle of isle two.” Hy-Vee employees are trained to stop their current activity and personally lead the customer to the specific location of the desired product. This training pays a big dividend when customers comment, “The kids who work at Hy-Vee all seem to be so clean-cut and personable.” The great kids who work at Hy-Vee are a slice of teenage America. But, they differentiate themselves because they have been taught and rehearsed in the soft skills required to develop relationships with Hy-Vee’s customer base. Other soft skills training being embraced by progressive companies are conflict resolution, team building, management / leadership skills, and “SMART” goal setting. With increasing frequency, organizations are employing Executive Coaches to provide soft skill training for top performing employees in leadership positions. Research In their new book, Competing on Analytics: The New Science of Winning, Thomas Davenport and Jeanne Harris build a case for companies who use the power of complete data analysis to drive every portion of their business. Harrah’s Casino and Hotels is singled out for their very successful use of analytics to drive customer loyalty. Harrah’s gathers extensive details on their customer base using the latest in information technology. The gaming industry has used recognition cards to boost customer loyalty for some time. Harrah's IT based strategy called Total Rewards pushes the envelope further. Harrah’s gathers information to identify its best and most loyal customers and uses that information to capture a larger share of their gaming dollars. The results speak for themselves. Harrah’s continues to increase “same store revenue” by applying the results of the data gathered. Harrah's hotel occupancy rate exceeds 90 percent versus an industry average of 60 percent. According to the Wall Street Journal, Harrah’s experiments with the 6+ Million people on whom they have gathered data. They test and tweak new promotions by sending out slightly different promotions to two similar groups of people then monitoring the near and long term results. Is this loyalty or trickery? The results are the same. Harrah’s estimates that their share of “loyal” customer gaming dollars rose from 30% to over 50% since they implemented the program in the late 1990’s. Another company that uses Analytics to drive loyalty is Amazon.com. If you are a frequent shopper at Amazon, you will receive recommendations that match and project topics of potential interest. Further, the web-retailer has built a plan called “Amazon Prime” which locks in high volume buyers through a club like “free shipping plan”. For $79 per year, members will receive an unlimited quantity of free 2 day shipping. The plan was originally panned by the financial community as a bottom line eating fiasco has been singled out as the largest driver of increased revenue through first quarter 2007. Detailed testing and predictive estimates allowed Amazon to better estimate the positive effects of the program long before it was fully implemented. Conclusions Company loyalty must be a conscious effort, a long term goal, and a continuing process. In today’s business environment, I would doubt that any organization can build long term success on any (single) one of these factors. But if a process is developed that retains the best of employees, retains them with increasing powerful skills and then provides them with the research needed to fine tune the attack – your company How Creative Branding can Help Boring Businesses etimes they were not. And, typically it was an inexperienced mechanic or a new part time night guy whose misguided actions lead to trouble. I came to believe:I come across a fair number of clients who apologize for their companies… “We’re sorry that manufacturing label paste is not the most interesting thing in the world.” Or, “There’s nothing we can do to stand out… we’re in the business of finding cheaper ways to for demolition customers to dump trash. We don’t dump the trash. We just research the cheapest way for them to dump their own trash. It’s really dry stuff.”Yes, neither of these companies is selling gourmet food, creating colorful board games, or packaging imported tea. Photographers often hear, “I’m not remotely photogenic,” to which they usually respond, “It’s my job to take a good picture—you just be you.” Design is the same. You do your job well and you know your market. It is a designer’s job to make you look interesting.The potential for creativity is everywhere. Just because you’re in a boring industry doesn’t mean you can’t be creative and use design to make your organization more effective and successful. Industries that support creative design include food, lifestyle, and entertainment. Industries that don’t generally support creat
These employees also had the longest tenure with the organizations. Retention, loyalty and profits come together under a single roof. Loss of employees with valuable relationships to customers leads to loss of customers. Retraining I believe a corollary to retention is retraining. Retrain employees to build better relationships and your customers will be further (and faster) attracted to your organization. Far too often organizations spend all of their efforts training employees on the “hard skills” of their business. Receptionists are taught to manage a 14 line phone system. Customer Service Reps are taught to better use Excel and other Microsoft applications, but very few companies are taking time to teach the soft skills that build relationships. Some very successful companies are training for soft skills. Founded in rural Iowa in 1930 as a small neighborhood grocery store, Hy-Vee has grown to a $4.6 Billion and 49,000 employees. With a unique employee owner approach to business, Consumer Reports ranked Hy-Vee among the top five supermarket chains in the nation in terms of service and customer satisfaction. Hy-Vee provides soft skills training to every employee in their organization. Their jingle “A helpful smile in every isle” is backed up with intensive training. New employees (often teenagers) are taught to make eye contact, and smile whenever they encounter customers. Even the small things are covered in the employee’s training. For instance, when a customer asks where to find a specific product, the answer could easily be, “In the middle of isle two.” Hy-Vee employees are trained to stop their current activity and personally lead the customer to the specific location of the desired product. This training pays a big dividend when customers comment, “The kids who work at Hy-Vee all seem to be so clean-cut and personable.” The great kids who work at Hy-Vee are a slice of teenage America. But, they differentiate themselves because they have been taught and rehearsed in the soft skills required to develop relationships with Hy-Vee’s customer base. Other soft skills training being embraced by progressive companies are conflict resolution, team building, management / leadership skills, and “SMART” goal setting. With increasing frequency, organizations are employing Executive Coaches to provide soft skill training for top performing employees in leadership positions. Research In their new book, Competing on Analytics: The New Science of Winning, Thomas Davenport and Jeanne Harris build a case for companies who use the power of complete data analysis to drive every portion of their business. Harrah’s Casino and Hotels is singled out for their very successful use of analytics to drive customer loyalty. Harrah’s gathers extensive details on their customer base using the latest in information technology. The gaming industry has used recognition cards to boost customer loyalty for some time. Harrah's IT based strategy called Total Rewards pushes the envelope further. Harrah’s gathers information to identify its best and most loyal customers and uses that information to capture a larger share of their gaming dollars. The results speak for themselves. Harrah’s continues to increase “same store revenue” by applying the results of the data gathered. Harrah's hotel occupancy rate exceeds 90 percent versus an industry average of 60 percent. According to the Wall Street Journal, Harrah’s experiments with the 6+ Million people on whom they have gathered data. They test and tweak new promotions by sending out slightly different promotions to two similar groups of people then monitoring the near and long term results. Is this loyalty or trickery? The results are the same. Harrah’s estimates that their share of “loyal” customer gaming dollars rose from 30% to over 50% since they implemented the program in the late 1990’s. Another company that uses Analytics to drive loyalty is Amazon.com. If you are a frequent shopper at Amazon, you will receive recommendations that match and project topics of potential interest. Further, the web-retailer has built a plan called “Amazon Prime” which locks in high volume buyers through a club like “free shipping plan”. For $79 per year, members will receive an unlimited quantity of free 2 day shipping. The plan was originally panned by the financial community as a bottom line eating fiasco has been singled out as the largest driver of increased revenue through first quarter 2007. Detailed testing and predictive estimates allowed Amazon to better estimate the positive effects of the program long before it was fully implemented. Conclusions Company loyalty must be a conscious effort, a long term goal, and a continuing process. In today’s business environment, I would doubt that any organization can build long term success on any (single) one of these factors. But if a process is developed that retains the best of employees, retains them with increasing powerful skills and then provides them with the research needed to fine tune the attack – your company R2 = EOC --- Recruitment & Retention = Employer of Choice with the specific business unit performance. Employees with the highest affirmative scores on the 12 questions worked for the best performing and most profitable business units.Problems with staffing and retention may not be due to bad hires or a low unemployment rate. In fact, they may be related to poor management insight by not recognizing your employees as a core competency in your business strategy. Although employees may not fit the strictest definition of a core competency, it is a fact that your employees are the ones responsible for creating many of your core competencies. It is an undisputable fact that failure to recognize the importance of employee contributions will lead to failure regardless of your business strategy.Recruitment and RetentionCreating a strategic plan and definitive initiatives is the easy part of the formula for success. The difficult part is finding, recruiting and retaining the appropriate talent combination in today’s market to carry out that plan. Recruitment and retention are major issues in the wholesale distribution industry today. These issues are especially critical to the service center industry for two reasons:• First, distribution is one of our aged-basic industries that doesn’t project the excitement of the high-tech in These employees also had the longest tenure with the organizations. Retention, loyalty and profits come together under a single roof. Loss of employees with valuable relationships to customers leads to loss of customers. Retraining I believe a corollary to retention is retraining. Retrain employees to build better relationships and your customers will be further (and faster) attracted to your organization. Far too often organizations spend all of their efforts training employees on the “hard skills” of their business. Receptionists are taught to manage a 14 line phone system. Customer Service Reps are taught to better use Excel and other Microsoft applications, but very few companies are taking time to teach the soft skills that build relationships. Some very successful companies are training for soft skills. Founded in rural Iowa in 1930 as a small neighborhood grocery store, Hy-Vee has grown to a $4.6 Billion and 49,000 employees. With a unique employee owner approach to business, Consumer Reports ranked Hy-Vee among the top five supermarket chains in the nation in terms of service and customer satisfaction. Hy-Vee provides soft skills training to every employee in their organization. Their jingle “A helpful smile in every isle” is backed up with intensive training. New employees (often teenagers) are taught to make eye contact, and smile whenever they encounter customers. Even the small things are covered in the employee’s training. For instance, when a customer asks where to find a specific product, the answer could easily be, “In the middle of isle two.” Hy-Vee employees are trained to stop their current activity and personally lead the customer to the specific location of the desired product. This training pays a big dividend when customers comment, “The kids who work at Hy-Vee all seem to be so clean-cut and personable.” The great kids who work at Hy-Vee are a slice of teenage America. But, they differentiate themselves because they have been taught and rehearsed in the soft skills required to develop relationships with Hy-Vee’s customer base. Other soft skills training being embraced by progressive companies are conflict resolution, team building, management / leadership skills, and “SMART” goal setting. With increasing frequency, organizations are employing Executive Coaches to provide soft skill training for top performing employees in leadership positions. Research In their new book, Competing on Analytics: The New Science of Winning, Thomas Davenport and Jeanne Harris build a case for companies who use the power of complete data analysis to drive every portion of their business. Harrah’s Casino and Hotels is singled out for their very successful use of analytics to drive customer loyalty. Harrah’s gathers extensive details on their customer base using the latest in information technology. The gaming industry has used recognition cards to boost customer loyalty for some time. Harrah's IT based strategy called Total Rewards pushes the envelope further. Harrah’s gathers information to identify its best and most loyal customers and uses that information to capture a larger share of their gaming dollars. The results speak for themselves. Harrah’s continues to increase “same store revenue” by applying the results of the data gathered. Harrah's hotel occupancy rate exceeds 90 percent versus an industry average of 60 percent. According to the Wall Street Journal, Harrah’s experiments with the 6+ Million people on whom they have gathered data. They test and tweak new promotions by sending out slightly different promotions to two similar groups of people then monitoring the near and long term results. Is this loyalty or trickery? The results are the same. Harrah’s estimates that their share of “loyal” customer gaming dollars rose from 30% to over 50% since they implemented the program in the late 1990’s. Another company that uses Analytics to drive loyalty is Amazon.com. If you are a frequent shopper at Amazon, you will receive recommendations that match and project topics of potential interest. Further, the web-retailer has built a plan called “Amazon Prime” which locks in high volume buyers through a club like “free shipping plan”. For $79 per year, members will receive an unlimited quantity of free 2 day shipping. The plan was originally panned by the financial community as a bottom line eating fiasco has been singled out as the largest driver of increased revenue through first quarter 2007. Detailed testing and predictive estimates allowed Amazon to better estimate the positive effects of the program long before it was fully implemented. Conclusions Company loyalty must be a conscious effort, a long term goal, and a continuing process. In today’s business environment, I would doubt that any organization can build long term success on any (single) one of these factors. But if a process is developed that retains the best of employees, retains them with increasing powerful skills and then provides them with the research needed to fine tune the attack – your company Quiz: Identify Your Dream Career he middle of isle two.” Hy-Vee employees are trained to stop their current activity and personally lead the customer to the specific location of the desired product.Do you ever feel you still don't know what you want to be when you grow up?If you're dissatisfied with your work but aren't sure what you'd like to do -- you just know what you're doing now isn't it -- you can find some clues to your dream career by looking at what you enjoy doing in your time off.Your answers to the following questions can help you start to identify the type of jobs you'd most likely enjoy:1. If you had an evening off, what would you rather do?a. Go to a party.b. Stay home and surf the Internet.c. Work on a hobby such as scrapbooking or model building.d. Go to a movie.2. Which section of the newspaper do you turn to first?a. The advice column or letters to the editorb. Newsc. Sportsd. Entertainment3. What would you prefer to do at a party?a. Greet people at the door.b. Join in a discussion of current events.c. Make hors d'oeuvres.d. Entertain.4. Which book would you rather receive as a gift?a. Chicken Soup for the Soul.b. This training pays a big dividend when customers comment, “The kids who work at Hy-Vee all seem to be so clean-cut and personable.” The great kids who work at Hy-Vee are a slice of teenage America. But, they differentiate themselves because they have been taught and rehearsed in the soft skills required to develop relationships with Hy-Vee’s customer base. Other soft skills training being embraced by progressive companies are conflict resolution, team building, management / leadership skills, and “SMART” goal setting. With increasing frequency, organizations are employing Executive Coaches to provide soft skill training for top performing employees in leadership positions. Research In their new book, Competing on Analytics: The New Science of Winning, Thomas Davenport and Jeanne Harris build a case for companies who use the power of complete data analysis to drive every portion of their business. Harrah’s Casino and Hotels is singled out for their very successful use of analytics to drive customer loyalty. Harrah’s gathers extensive details on their customer base using the latest in information technology. The gaming industry has used recognition cards to boost customer loyalty for some time. Harrah's IT based strategy called Total Rewards pushes the envelope further. Harrah’s gathers information to identify its best and most loyal customers and uses that information to capture a larger share of their gaming dollars. The results speak for themselves. Harrah’s continues to increase “same store revenue” by applying the results of the data gathered. Harrah's hotel occupancy rate exceeds 90 percent versus an industry average of 60 percent. According to the Wall Street Journal, Harrah’s experiments with the 6+ Million people on whom they have gathered data. They test and tweak new promotions by sending out slightly different promotions to two similar groups of people then monitoring the near and long term results. Is this loyalty or trickery? The results are the same. Harrah’s estimates that their share of “loyal” customer gaming dollars rose from 30% to over 50% since they implemented the program in the late 1990’s. Another company that uses Analytics to drive loyalty is Amazon.com. If you are a frequent shopper at Amazon, you will receive recommendations that match and project topics of potential interest. Further, the web-retailer has built a plan called “Amazon Prime” which locks in high volume buyers through a club like “free shipping plan”. For $79 per year, members will receive an unlimited quantity of free 2 day shipping. The plan was originally panned by the financial community as a bottom line eating fiasco has been singled out as the largest driver of increased revenue through first quarter 2007. Detailed testing and predictive estimates allowed Amazon to better estimate the positive effects of the program long before it was fully implemented. Conclusions Company loyalty must be a conscious effort, a long term goal, and a continuing process. In today’s business environment, I would doubt that any organization can build long term success on any (single) one of these factors. But if a process is developed that retains the best of employees, retains them with increasing powerful skills and then provides them with the research needed to fine tune the attack – your company How to Become a Motivational Speaker d. Harrah's hotel occupancy rate exceeds 90 percent versus an industry average of 60 percent.Quite simply, the only way to become a motivational speaker is to train with someone. To begin with you have to decide what market you want to target. You must choose from a field that includes but is not limited to finance, real estate, investing, religion, teen speakers, sales techniques and many more subjects of interest to companies and groups of people around the globe.Pick your area of expertise or at least the subject you would like to speak to others about. Then seek out and pursue the best motivational speakers in that arena. Go and hear what they have to say and how they go about getting their message across. Are they keynote speakers or just the warm up guys beforehand? You won’t start out as a keynote speaker until you have some sort of following, some type of record behind you. But if you are gifted and you study and work heard, learn the basics, you have a chance to go to the top as quickly as anybody else does.Leading motivational speakers often offer classes as well as books and other teaching aides to create new motivational speakers. This may sound strange. Why would a person at According to the Wall Street Journal, Harrah’s experiments with the 6+ Million people on whom they have gathered data. They test and tweak new promotions by sending out slightly different promotions to two similar groups of people then monitoring the near and long term results. Is this loyalty or trickery? The results are the same. Harrah’s estimates that their share of “loyal” customer gaming dollars rose from 30% to over 50% since they implemented the program in the late 1990’s. Another company that uses Analytics to drive loyalty is Amazon.com. If you are a frequent shopper at Amazon, you will receive recommendations that match and project topics of potential interest. Further, the web-retailer has built a plan called “Amazon Prime” which locks in high volume buyers through a club like “free shipping plan”. For $79 per year, members will receive an unlimited quantity of free 2 day shipping. The plan was originally panned by the financial community as a bottom line eating fiasco has been singled out as the largest driver of increased revenue through first quarter 2007. Detailed testing and predictive estimates allowed Amazon to better estimate the positive effects of the program long before it was fully implemented. Conclusions Company loyalty must be a conscious effort, a long term goal, and a continuing process. In today’s business environment, I would doubt that any organization can build long term success on any (single) one of these factors. But if a process is developed that retains the best of employees, retains them with increasing powerful skills and then provides them with the research needed to fine tune the attack – your company will be unstoppable!
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