Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat WhistleblowersWhat is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen MonksHow Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic StrategiesGeopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional FranchisesIn the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Take the case of any organization that is considered to be a global leader or a product leader and you will find that the recipe for success lies in the customer centered culture and approach that has been built up in the Company. The customer orientation is not limited to customer service or the front ending staff alone. This orientation goes a lot more deeper in terms of being the core value and focus of the entire organization including the management, the product development groups as well as the marketing and the service staff. You can in fact identify clearly the communication channel that is open across all levels right up to the highest level where in any information about the customer flows through fast and is acted upon immediately without waiting or wasting time.
Being customer oriented is an attitude that should be cultivated by each and every working professional. For tomorrow’s business managers and today’s management students, this becomes an essential quality that can propel them to greater heights in their career path.
Path breaking sales and marketing strategies are designed and implemented by those who know their customers better than the customer’s themselves and are able to pre-empt customer’s requirements before anyone else does. This is an attitude that a professional should cultivate as a personal skill irrespective of the Organizational or team’s orientation and attitude.
To define customer orientation attitude that is required to be imbibed and developed, a bit of detailing here will be useful. There are many managers and team leaders who sit in the comfort of their air conditioned offices and believe that the reports, analysis, data as well as conference calls with the customers or meeting with the customer regularly for review gives them a good idea of what is happening with the customer. Managers and organizations cannot spin themselves into leadership position with this kind of approach. At organizational as well as individual level what is required is the attitude and approach to live with the customer, to know the customer’s needs and pain areas even before the customer feels it.
Take the case of star performers in any organization and you will find that those managers are literally married to their customers. They practically live with their customers, go through every experience that their customer goes through and looks at their own product or service from the customer’s point of view. Putting yourself into customer’s shoe is but the surest way to success. Living With the customer makes it easy for you to understand customer’s needs, his expectations, his dreams as well as customer behavior and attitudes etc which make it possible for you to tailor make solutions and products that match as well as exceed customer expectations. Living with the customer ensures that you grow the account on long term basis.
Whatever be your area of work, be it marketing, project management or production, it is essential to have the customer oriented attitude and it helps you see things which the others may not be able to. Another important fact is that you will be able to not only look at your customer’s and markets needs today, but you are able to sense their needs and expectations that are going to come up tomorrow. Getting to understand where your customer is headed tomorrow, gives you clear indications on how you should get your organization positioned to be relevant to the customer and markets as well as to plan to engage with your customers in partnership for future.
Star performers are not only hard workers but are smart workers who truly believe that their Customer is the King.
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