solution

Researching customer priorities at IAG Cargo

IAG Cargo emerged out of the merger between British Airways World Cargo and Iberia Cargo. Its mission is to be the world’s leading air cargo provider. Specialist b2b research agency Circle Research (www.circle-research.com) worked with the organisation before its merger to identify what really mattered to its customers.
As with many b2b organisations, success is measured by operational metrics; for example, in this industry, numbers of waybills written, proportions of shipments flownas-booked and success in notification of delivery. These metrics are business-and employee-performance indicators but are not directly related to customer satisfaction or loyalty. They may measure success but cannot shed light on what matters to customers.
A series of in-depth customer interviews were scheduled in the organisation’s principal trading locations: USA, Germany, UK, India and China. The discussions were informal and enjoyable and ensured participants opened up and spoke freely. Circle also used a variety of exploratory and projective techniques to identify the most important ‘moments of truth’ when customers come into contact with the airline. Importantly, the ways in which those moments of truth sometimes fail to live up to expectations and a definition of excellence was elicited.
Armed with this information, Circle used a series of internal focus groups to establish how employees viewed their customers. What did they feel to be the most important customer priorities and, of course, what was preventing them from offering the best possible levels of service at each of those key moments?
Circle then quantified performance across the key customer touch points. With over 2,000 respondents, this was the largest survey of its kind and it enabled competitors to be evaluated against the priority touch points. This research then improved not only traditional performance indicators but enabled the customer priorities to be embedded in its culture.

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

Size matters

Imagine yourself going on holiday and wanting to exchange your local currency for Australian dollars. All banks can help you make currency exchanges. The transaction is paid for through an exchange rate that is constantly changing and a  commission fee. If you were a small business conducting transactions that involved a few currency exchanges per year, then you may have to pay the ‘going rates’ at your local bank, or shop around for the best rates. However, for a company such as Renault, imagine the variation in its profits depending upon the relative value of the euro to the US dollar and how much it costs for each currency transfer. Think of the currencies that Renault may have to deal in and the number of transactions and flows of funds. To Renault, the fluctuations in currency values and timing of cash transfers are crucial factors that can make the difference between sound profits and a loss. Given the volume of its business and the size of its transactions, Renault would not pay the ‘going rate’ to a bank that you or a small business would. Renault would expect a cash-management banking service tailored specifically to its operations, which may be radically different from the operations and expectations of, for example, BMW. The target markets in cash-management banking sought by major banks are those companies that operate internationally or even globally, dealing in huge sums and a variety of currencies. There may be millions of individual transactions to manage, huge networks of transactions across many countries or very high values to the transactions. When examining the nature of businesses that fulfil these requirements, there are relatively few compared with the total number of businesses, which is why the Global Cash study, conducted on behalf of 15 of the largest pan-European banks, targeted just the largest 5,000 companies in Europe – a very small fraction of the total number of European businesses.

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

Research leads to better-tasting frozen pizza

Schwan, a leading US frozen food specialist, faced a key strategic problem. It learnt that its main competitor – Kraft – was working on a new type of frozen pizza that had a rising crust. Schwan knew that if Kraft could succeed in creating a better-tasting frozen pizza, then it had the potential to command a market that was dominated by lower-quality products. As one article put it ‘. . . . it was often hard to taste the difference between a frozen pizza and the cardboard box it came in.’41 What Schwan didn’t know was how fast Kraft was planning on rolling out this new product and, therefore, how quickly it needed to respond.
To find this information out it contracted a corporate intelligence firm (a SCIP member), who in turn hired a former undercover law enforcement specialist who had built his skills by spending years infiltrating criminal gangs. Through adopting a series of ‘fake’ phone disguises, including a journalist, environmental campaigner and potential supplier, the specialist made phone calls to various individuals involved with the construction and operation of a new plant, together with public employees involved with approving construction and running. Through this he was able to piece together an accurate picture of a very high projected volume of sales. Based on this advice, Schwan invested considerable resources into launching its own ‘Freschetta’ brand, which was able to secure a large part of this important new market.

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

solution

Targeting business elites in India

In a study of the ‘business elite’ in India (senior executives living very comfortably, travelling widely, consuming luxury goods and services and making important business purchases for their companies), many sampling challenges were faced. Though the number of participants surveyed was relatively high, researchers recognised that their work should be considered a pilot and that much more work was needed to generate a complete sampling frame. For their study, a systematic random sample was drawn from a ‘cleaned-up’ database of companies. In an initial telephone screening exercise, they targeted 1,714 companies and made successful contact with 859 of them (50.1%). They asked each of these companies: (1) who the most senior person in the company in that city was; (2) whether the company employed heads of a pre-defined list of other functions; and (3) what the contact details were for the most senior person and a randomly selected other function. Job functions were those core to the decision-making process and included: chief executive (most senior person); deputy chief executive/managing director (second-most senior person); head of finance; head of international/domestic sales; head of marketing and communications; head of production management/ operations; head of information technology. From the interviews, they estimated that the universe of eligible business executives in qualifying companies across eight Indian cities totalled 106,307. This was based on the incidence, at each of the companies sampled, of a randomly generated list of job functions. They also pinpointed 1,499 executives they wanted to contact, of whom 600 (40%) agreed to be interviewed face to face.

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"