Saturday, July 26, 2008

Framing the customer behavior related questions which help in optimizing the decision

Lets say that we have zeroed in on the decision to optimize. Taking the example of a retail context lets say that we want to "Optimize the decision to initiate an outbound communication to a loyal customer". What are the business questions which define our attempt to optimially 'touch' the customer.


- What are the behavorial characteristics of my loyal customers who shop in my store ?
- What is the mix of products that they purchase typically ?
- Is this behavior in line with normal purchase behavior for this market segment ?
- What are the underlying drivers of shopping behavior ? Is it price, brand, niche products, instore experience, customer service, optimal shelf placement ?

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