Customer Analytics Part II

V. Kumar () and Werner Reinartz
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V. Kumar: Georgia State University

Chapter 6 in Customer Relationship Management, 2012, pp 111-141 from Springer

Abstract: Abstract Customer value management rests on the idea of allocating resources differently according to the characteristics of different customers. The basis of this differential resource allocation is the economic value of the respective customer to the firm. Thus, before one can start to manage customers, one must have developed a thorough understanding of how to compute the value contribution each customer makes to a firm. Various economic concepts and procedures have been developed that help us to achieve this. Chapter 5 proceeds to conceptualize strategic metrics of customer value and introduces popular customer selection strategies and techniques to evaluate these strategies.

Keywords: Misclassification Rate; Customer Base; Loyalty Program; Individual Customer; Customer Lifetime Value (search for similar items in EconPapers)
Date: 2012
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Chapter: Customer Analytics Part I (2018)
Chapter: Customer Analytics Part II (2018)
Chapter: Customer Analytics Part I (2012)
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DOI: 10.1007/978-3-642-20110-3_6

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