The Customer Centricity Playbook
Implement a Winning Strategy Driven by Customer Lifetime Value
Peter Fader and Sarah Toms
2019 BEST BUSINESS BOOK, Digital BooK Awards
2019 Axiom Business Book Award Winner
Featured in Forbes, NPR’s Marketplace, and a Google Talk, The Customer Centricity Playbook offers “actionable insights to drive immediate value,” according to Neil Hoyne, Head of Customer Analytics and Chief Analytics Evangelist, Google.
How did global gaming company Electronic Arts go from being named “Worst Company in America” to clearing a billion dollars in profit?
They discovered a simple truth—and acted on it: Not all customers are the same, regardless of how they appear on the surface. The most successful companies, from Amazon to Best Buy, understand their best customers are their most valuable asset, and they tailor their acquisition, development, and retention efforts to those customers.
In The Customer Centricity Playbook, Wharton School professor Peter Fader and Wharton Interactive’s executive director Sarah Toms help you see your customers as individuals rather than a monolith, so you can stop wasting resources by chasing down product sales to each and every consumer.
Fader and Toms offer a 360-degree analysis of all the elements that support customer centricity within an organization. In this book, you will learn how to:
- Develop a customer-centric strategy for your organization
- Understand the right way to think about customer lifetime value (CLV)
- Fine tune investments in customer acquisition, retention, and development tactics based on customer heterogeneity
- Foster a culture that sustains customer centricity, and also understand the link between CLV and market valuation
- Understand customer relationship management (CRM) systems, as they are a vital underpinning for all these areas through the valuable insights they provide
Fader’s first book, Customer Centricity, quickly became a go-to for readers interested in focusing on the right customers for strategic advantage. In this new book, Fader and Toms offer a true playbook for companies of all sizes that want to create and implement a winning strategy to acquire, develop, and retain customers for the greatest value.
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About the Authors
Peter Fader
Pete Fader is the Frances and Pei-Yuan Chia Professor of Marketing at The Wharton School of the University of Pennsylvania. His expertise centers on the analysis of behavioral data to understand and forecast customer shopping/purchasing...
Sarah Toms
Sarah E. Toms is executive director and co-founder of Wharton Interactive. She is a demonstrated thought leader in the educational technology field, fueled by a passion to find and develop innovative ways to make every...
Praise for The Customer Centricity Playbook
“A fantastic 360⁰ analysis of how companies become truly customer-centric, The Customer Centricity Playbook is required reading for anyone who seeks to understand customer lifetime value and its ability to grow organizations large and small.”
—Neil Hoyne, Head of Customer Analytics and Chief Analytics Evangelist, Google
“A must-read, The Customer Centricity Playbook, by Peter Fader and Sarah Toms, sets the record straight and gives executives tools to drive growth.”
—Aimee Johnson, Chief Marketing Officer, Zillow; Former Senior Vice President, Digital Customer Experience, Starbucks
“The Customer Centricity Playbook offers fundamental insights to point organizations of any size in the right direction.”
—Rob Markey, Partner, Bain & Company, Inc., and coauthor, The Ultimate Question 2.0
“Required reading for leadership teams, as well as marketing and sales executives, Peter Fader and Sarah Toms’ new book is a true playbook on how to become customer-centric.”
—Matthew Derella, Global Vice President, Revenue and Content Partnerships, Twitter
“Peter Fader and Sarah Toms offer transformative insights that light the path for business leaders.”
—Susan Johnson, Chief Marketing Officer, SunTrust Banks
“If you struggle with customer engagement or are ready to better acquaint yourself with your customers, Peter Fader and Sarah Toms’ new book The Customer Centricity Playbook is a must-read.”
—Jacqueline Parkes, Chief Marketing Officer and EVP, Digital Studios, MTV, VH1 & Logo
“Peter Fader and Sarah Toms have a talent for translating the complexities of customer centricity into accessible and actionable insights. With The Customer Centricity Playbook, they offer us a practical guide to establishing a customer-centric organization, essential reading for those who aspire to market leadership, regardless of industry.”
—Joshua Kanter, Chief Marketing Officer, PetSmart
“I read The Customer Centricity Playbook by Peter Fader and Sarah Toms in a single sitting—so much value packed into about 100 pages. Everyone talks about ‘customer centricity,’ but this book is the first one I’ve read that takes the trouble to define the terms: customer centricity, expected lifetime customer value (ELCV), and what it means to be a ‘good customer.’ I recommend The Customer Centricity Playbook to anyone who has read my book The Membership Economy and who wants to understand, in a holistic and practical way, how to build deeper, more valuable relationships with the people they serve.”
—Robbie Kellman Baxter, Consultant, Peninsula Strategies, and Author, The Membership Economy
“Mercifully light on technical business jargon [and] easily digestible. In addition, the authors don’t shy away from shattering conventional wisdom …. An authoritative introduction to customer-centric business strategies.”
—Kirkus Reviews
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