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<!--Generated by Squarespace Site Server v5.11.5 (http://www.squarespace.com/) on Mon, 06 Sep 2010 21:47:37 GMT--><rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:dc="http://purl.org/dc/elements/1.1/" version="2.0"><channel><title>Relationships In Business - Piaras MacDonnell</title><link>http://www.relationshipsinbusiness.com/home/</link><description>Relationships In Business - Piaras MacDonnell</description><lastBuildDate>Fri, 27 Aug 2010 08:44:48 +0000</lastBuildDate><copyright></copyright><language>en-IE</language><generator>Squarespace Site Server v5.11.5 (http://www.squarespace.com/)</generator><item><title>Pizza, Sushi and Account Management at Google</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Sun, 28 Mar 2010 07:37:59 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2010/3/28/pizza-sushi-and-account-management-at-google.html</link><guid isPermaLink="false">333985:4893195:7158358</guid><description><![CDATA[<p><span class="full-image-float-right ssNonEditable"><span><img style="width: 100px;" src="http://www.relationshipsinbusiness.com/storage/2512148775_61fa58b4b31.jpg?__SQUARESPACE_CACHEVERSION=1269762386089" alt="" /></span></span>I recently had lunch with an Account Manager from <a href="http://www.google.com/">Google</a> and it was an interesting insight into one of the most successful companies on the planet and their approach to customer relations.</p>
<p>"Eat what you want, it's all free". &nbsp;Someone had said the sushi was great but the pizza looked good too. &nbsp;Have both? &nbsp;Why not, who said you couldn't mix them in one meal (except possibly Mr Atkins). &nbsp;</p>
<p>At Google everything is distilled down to a maths problem. &nbsp;Each employee contributes an average of $1,000,000 in revenue per annum so anything the company can do to save them time, keep them focused or working a little longer has a significant impact on the bottom line.</p>
<p>What about the customers, partners and even the competition? &nbsp;Of course things are done a little differently. &nbsp;My host explained that each account is tiered by <a href="https://adwords.google.com">adword </a>spend per month and this determines the amount of attention you receive, nothing unusual here. What is unusual is that Account Management means&nbsp;analysing&nbsp;the&nbsp;effectiveness&nbsp;of their current campaigns and working closely with them to generate more business, not necessarily spend more money with Google. &nbsp;The logic being that if they spend more on online media advertising the odds (I'm sure they have a statistic) are they'll spend more with Google.</p>
<p><span class="full-image-block ssNonEditable"><span><img src="http://www.relationshipsinbusiness.com/storage/images.jpg?__SQUARESPACE_CACHEVERSION=1269764934132" alt="" /></span></span></p>
<p>Now I understand why Google has made tools like Analytics, AdWords and Optimizer available for free. &nbsp;It's again simple maths, you have limited resources so use them where they deliver the most value, on the big accounts. &nbsp;For everyone else make it self service with great tools. &nbsp;Who knows, some of todays small accounts might be the big spenders tomorrow.</p>
<p>Few companies have the revenue streams of Google to spend on free canteens and other time saving services but surely there's a lesson here for the rest of us. &nbsp;Who said we have to do things the same old way, why can't we have sushi and pizza together for lunch?</p>
<p>How much time/money might a well stocked fridge at work save. &nbsp;Could we work more closely with our customers on their business and not just ours? &nbsp;Are our most productive staff wasting time on tasks better outsourced or assigned to other?</p>]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-7158358.xml</wfw:commentRss></item><item><title>Refreshed blogroll for Relationships In Business</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Sun, 20 Dec 2009 21:51:13 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/12/20/refreshed-blogroll-for-relationships-in-business.html</link><guid isPermaLink="false">333985:4893195:6106929</guid><description><![CDATA[Updated the blogroll on Relationships In Business (.com).  Why not check it out and offer your own suggestions]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-6106929.xml</wfw:commentRss></item><item><title>Downturn hails the return of the Generalist</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Thu, 17 Dec 2009 21:52:24 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/12/17/downturn-hails-the-return-of-the-generalist.html</link><guid isPermaLink="false">333985:4893195:6086029</guid><description><![CDATA[What the NFL and the concept of the "two-way player" can teach you as business goes through a down turn.]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-6086029.xml</wfw:commentRss></item><item><title>5 Things to Love and Hate about Dynamics CRM 4.0</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Thu, 26 Nov 2009 22:09:21 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/11/26/5-things-to-love-and-hate-about-dynamics-crm-40.html</link><guid isPermaLink="false">333985:4893195:5924180</guid><description><![CDATA[I've used a number of CRM solutions over the years and Dynamics CRM is the latest and probably the best.  CRM and Service Support applications seem to cause the marmite affect I think mainly because you are using them to track a problem or close some business.  So what do I love and hate about Dynamics?]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5924180.xml</wfw:commentRss></item><item><title>Some great CRM Quotes</title><category>Thoughts and Quotes</category><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Wed, 11 Nov 2009 21:45:19 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/11/11/some-great-crm-quotes.html</link><guid isPermaLink="false">333985:4893195:5767625</guid><description><![CDATA[<!-- 		@page { margin: 2cm } 		P { margin-bottom: 0.21cm } 		A:link { so-language: zxx } -->
<p>While searching around for some new sources on customer relationship management I found a great list of CRM Quotes on <a href="http://www.smallbizcrm.com/crm-quotes.html">small business crm</a>. If even half of them are true it highlights just how important CRM is to every business.&nbsp; Hope you find them as interesting as I did.</p>
<p>&nbsp;</p>
<p>"The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency."<br /><strong>-Bill Gates</strong></p>
<p>"The impact on an organisation can at times be subtle and distributed throughout the enterprise...Cost savings and productivity enhancements can be seen in saving a sales person 20 minutes per week in writing activity reports, or answering four times the volume of web-based service requests in the same amount of time."<br /><strong>-Mary Wardley</strong>, vice-president of IDC's CRM applications research.</p>
<p>"On average, sales and marketing costs average from 15%-35% of total corporate costs. So the effort to<br />automate for more sales efficiency is absolutely essential. In cases reviewed, sales increases due to advanced CRM technology have ranged from 10% to more than 30%."<br /><strong>Harvard Business Review</strong></p>
<p>"A business absolutely devoted to Customer Service Excellence will have only one worry about profits. They will be embarrassingly large."<br /><strong>-Sir Henry Ford</strong></p>
<p>"The purpose of business is to create and keep a customer."<br /><strong>-Peter Drucker</strong></p>
<p>"We've spent the last 30 years focusing on the T in IT, and we'll spend the next 30 years focusing on the I."<br /><strong>-Peter Drucker</strong></p>
<p>&ldquo;..The 17 leading SMB companies all declared they were doing more implementations now than in 2004, with eight of them handling at least 60 percent of customer implementations&hellip; Of the winning enterprise vendors all but one does 70 percent or more of its implementations in house&hellip; He notes that CRM implementation by vendors is a trend that he predicts will eventually reach 90 percent..&rdquo;<em>.</em> <a onclick="window.open('http://www.smallbizcrm.com/cgi-bin/counter.pl?url=http%3A%2F%2Fwww%2Edestinationcrm%2Ecom%2Farticles%2Fdefault%2Easp%3FArticleID%3D4964%26amp%3BTopicID%3D9&amp;referrer=http%3A%2F%2Fwww%2Esmallbizcrm%2Ecom%2Fcrm-quotes%2Ehtml'); return false;" href="http://www.destinationcrm.com/articles/default.asp?ArticleID=4964&amp;TopicID=9" target="_blank">CRM Award Winners Survey, March, 2005</a> <br /><strong>-CRM guru, Barton Goldenberg</strong></p>
<p>"Almost all quality improvement comes via simplification of design, manufacturing... layout, processes, and procedures."<br /><strong>-Tom Peters</strong></p>
<p>"The cost of retention is $180 per customer," he says. "But most automotive dealerships are set up for customer acquisition - which is crazy when you consider the average cost of customer acquisition is $1,000 or more."<br /><strong>-Arthur Hughes</strong>, author of several books on using databases to enhance CRM.</p>
<p>As an old saying at <strong>PricewaterhouseCoopers</strong> change practice used to run,<br />'OO + NT = EOO' (Old Organisation + New Technology = Expensive Old Organisation).</p>
<p>"Patronage by loyal customers yields 65 percent of a typical business' volume."<br /><strong>-American Management Association</strong>.</p>
<p>"Successful CRM is about competing in the relationship dimension. Not as an alternative to having a competitive product or reasonable price- but as a differentiator. If your competitors are doing the same thing you are (as they generally are), product and price won't give you a long-term, sustainable competitive advantage. But if you can get an edge based on how customers feel about your company, it's a much stickier--sustainable--relationship over the long haul."<br /><strong>-Bob Thompson,</strong> CustomerThink Corporation</p>
<p>"&hellip;. dissatisfied customers would tell between 7-10 people while a satisfied customer would recommend a company to 3-4 of their friends". <br />&ndash; <strong>PIMS</strong></p>
<p>"..estimating all customer service problems would double profit growth over a five-year period".<br />&ndash; <strong>Ventura</strong></p>
<p>80% of tradeshow leads are never followed up. <br />&ndash; <strong>Center for Exhibition Industry Research (CEIR)</strong></p>
<p>The average time a sales representative spends on sales: 47%; on administrative tasks; 39%.<br /><strong>- Selling Power Magazine</strong></p>
<p>Percent of qualified telemarketing leads that have only marginal follow-up: 40%; that are never called 50%.<br /><strong>- LeadMaster</strong></p>
<p>1% of repeat purchases are made out of indifference and not out of loyalty.<br /><strong>- Industry analysts estimate</strong></p>
<p>Dissatisfied customers communicate with 7-10 people while a satisfied customer will recommend a company to 3-4 of their friends.<br /><strong>- PIMS</strong></p>
<p>"The absolute fundamental aim is to make money out of satisfying customers."<br /><strong>-Sir John Egan</strong><br />&ndash;<br />"How you gather, manage and use information will determine whether you win or lose."<br /><strong>-Bill Gates</strong></p>
<p>Read some more at <a href="http://www.smallbizcrm.com/crm-quotations.html">small business CRM</a></p>
<p>&nbsp;</p>]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5767625.xml</wfw:commentRss></item><item><title>Deliver on the promise and they may forgive your sins</title><category>Service</category><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Mon, 26 Oct 2009 20:43:24 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/10/26/deliver-on-the-promise-and-they-may-forgive-your-sins.html</link><guid isPermaLink="false">333985:4893195:5620416</guid><description><![CDATA[Two years ago I flew with Ryanair and swore I would never do it again.  This year when booking holidays I reluctantly booked Ryanair again. What nags me is that I will seriously consider using them again despite the below average service, restrictions and stress.

Why?]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5620416.xml</wfw:commentRss></item><item><title>5% of your profit from new business</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Mon, 19 Oct 2009 20:38:51 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/10/19/5-of-your-profit-from-new-business.html</link><guid isPermaLink="false">333985:4893195:5553512</guid><description><![CDATA[Expect to make only 5% of our net profit from new customers next year]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5553512.xml</wfw:commentRss></item><item><title>The Rules of Business Relationships</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Fri, 16 Oct 2009 20:59:17 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/10/16/the-rules-of-business-relationships.html</link><guid isPermaLink="false">333985:4893195:5504932</guid><description><![CDATA[After reading the second book in "The Rules of ...." series from Richard Templar I decided to start drawing up my own "Rules of Business Relationships".  This will be an on going project, check out my first attempt under the tab The Rules

I am sure you'll have some ideas of your own.  Best (or first comment) gets my copy of The Rules of Management.]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5504932.xml</wfw:commentRss></item><item><title>I've moved</title><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Wed, 07 Oct 2009 20:04:41 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/10/7/ive-moved.html</link><guid isPermaLink="false">333985:4893195:5424998</guid><description><![CDATA[My blog www.relationshipsInBusiness.com has moved]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5424998.xml</wfw:commentRss></item><item><title>Leak-free System for your Contact</title><category>Resources</category><category>Tools</category><dc:creator>Piaras MacDonnell</dc:creator><pubDate>Thu, 07 May 2009 18:31:00 +0000</pubDate><link>http://www.relationshipsinbusiness.com/home/2009/5/7/leak-free-system-for-your-contact.html</link><guid isPermaLink="false">333985:4893195:5370835</guid><description><![CDATA[<p><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://s3.media.squarespace.com/production/333985/4893195/_J8kloJ20smo/SgMzZEeVXKI/AAAAAAAAGic/jNW_hNuQrRI/s400/images.jpeg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 104px; height: 104px;" src="http://s3.media.squarespace.com/production/333985/4893195/_J8kloJ20smo/SgMzZEeVXKI/AAAAAAAAGic/jNW_hNuQrRI/s400/images.jpeg" alt="" id="BLOGGER_PHOTO_ID_5333162889527516322" border="0" /></a><br/><span style="font-style: italic;">We all know how important it is to keep up your relationships in business but how confident are you in your tools?</span></p><p></p><p>The importance of a <span style="font-weight: bold;">leak-free system </span>for recording the contact details of your colleagues, customers, potential business partners or anyone you know cannot be over emphasised.</p><p>The standard response to such a question is they keep it in Outlook, Gmail or some other mail system.  Others worship at the alter of Blackberry or have the company <span class="blsp-spelling-error" id="SPELLING_ERROR_0">CRM</span> forced upon them while others keep it "old school" with a paper address book or organiser.  The point they are missing is that these are stores for some of your contact information not a system and certainly not a complete leak-free system.</p><p>Ask your self the following questions about your current system, what if:<br/><ul><li>You lose your phone/<span class="blsp-spelling-error" id="SPELLING_ERROR_1">PDA</span>/organiser, could I recover everything in a day</li><li>your employer let you go taking PC, phone, <span class="blsp-spelling-error" id="SPELLING_ERROR_2">PDA</span> back with no notice</li><li>I need to call an <span class="blsp-spelling-corrected" id="SPELLING_ERROR_3">acquaintance</span> that I have <span class="blsp-spelling-error" id="SPELLING_ERROR_4">never</span> emailed before</li><li>I lost my electronic data, do I have a recent paper copy<br/></li></ul>The details of my own system are for another post but you need to look at how you are recording your contact information and ask the big question, do I have one place (master record) for all my contact details and have I a procedure to ensure it is kept fresh.</p>]]></description><wfw:commentRss>http://www.relationshipsinbusiness.com/home/rss-comments-entry-5370835.xml</wfw:commentRss></item></channel></rss>