Are you Customer-Ambitious?
Hideki E. Hashimura
Digital Strategy Officer - Client Focus - at redk CRM Solutions.
In over 15 years of helping leaders define their digital strategy, one of the first questions I always ask when we start working is: What is the ambition? Where do you want to get to?
More often than not, this question is met with puzzled looks, especially when we're discussing technology projects. Business leaders sometimes struggle to see the connection between the technology they are investing in and the broader business outcomes they seek. They focus on the immediate tactical task at hand, very often with a focus on the bells and whistles of the technology itself, rather than the business challenge we are trying to solve.
To me, ambition is a powerful word. It represents a desire, a very human trait, that lies behind every thought and action. It's what drives us to set goals, pursue dreams, and ultimately achieve great things.
When it comes to business, ambition is what should guide our decisions and investments, especially in technology. Yet, all too often, the ambition behind technology projects is either unclear or too narrowly focused on short-term objectives.
And when it comes to the work I do, ambitions are all about the creation of value to our customers. I like to work with brands who have clear ambitions; it's exciting!
The Trap of Tactical Spending
When brands focus solely on tactical spending, they often prioritise short-term gains over long-term value. This might mean implementing quick fixes to stay competitive or adopting the latest technology trend just because it’s the industry buzz. While these moves can yield immediate results, they may also lead to unrealised potential, where the true value of your technology investments remains untapped.
In the rush to solve today's challenges, brands can lose sight of the bigger picture—resulting in technology that quickly becomes obsolete or fails to deliver meaningful impact. This short-sighted approach can ultimately lead to long-term losses, as the brand misses out on opportunities to fully leverage their tech investments.
Ambition as a Strategic Compass
So, how ambitious are you? How ambitious is your brand?
Ambitious brands don't just want to exist; they aspire to be great in a specific niche. They aren't content with merely keeping up—they aim to lead, innovate, and define their space. To achieve this, they build robust strategies that align with their long-term vision, funding projects that require not just financial investment, but also drive, stamina, and perseverance.
These brands understand that real differentiation and value creation come from complex, well-executed initiatives. They are willing to invest in technology projects that may take time to bear fruit because they know that the ultimate reward will be a stronger, more distinctive market position.
Aligning Ambitions with Customer Expectations
But ambition alone isn't enough. To truly succeed, your brand’s ambitions must align with evolving customer expectations. Are you investing in technology that will meet the demands of future customers? Do your projects reflect a deep understanding of what your customers value most?
Today's customers expect more than just products or services—they seek experiences. By understanding your customers' needs, preferences, and pain points, you can shape your technology projects to create value through better, more personalised experiences. This customer-centric approach ensures that your tech investments not only support your business goals but also resonate with the people who matter most—your customers.
Here’s what this ambition can look like in practice:
1. Deep Understanding of Customer Needs
Ambitious brands invest in deeply understanding their customers. This goes beyond basic demographics and preferences; it involves comprehensively mapping out customer journeys, identifying pain points, and uncovering latent needs that customers themselves may not even be aware of. By doing this, you can proactively offer solutions that enhance their experiences and solve their problems in ways they hadn’t imagined.
2. Innovation in Customer Experience
Ambition in customer relations means constantly seeking new ways to improve and innovate the customer experience. This could involve leveraging emerging technologies like AI, machine learning, or advanced analytics to personalise interactions, or adopting new service models that make it easier for customers to engage with your brand. The goal is to set new standards in customer experience that others in your industry aspire to.
3. Long-Term Value Creation
Ambitious brands focus on building long-term relationships with their customers rather than chasing short-term sales. This means prioritising trust, transparency, and value creation over time. It’s about creating loyalty programmes that genuinely reward customer engagement, offering continuous value through content, and consistently delivering on your brand promise.
4. Proactive Customer Engagement
Rather than waiting for customers to reach out with questions or issues, ambitious brands take a proactive approach. They anticipate potential challenges or needs and address them before the customer even realises there’s an issue. This could be through predictive analytics, which foresee customer behaviours and needs, or through proactive communication strategies that keep customers informed and engaged.
5. Building Emotional Connections
Finally, being ambitious with your customers means striving to build strong emotional connections. Brands that do this successfully understand that customers are more than just data points—they’re people with emotions, values, and identities. Ambitious brands craft their messaging, products, and services to resonate with these deeper aspects of their customers, creating lasting bonds that go beyond transactional interactions.
Being Customer-Ambitious Pays Off
As you evaluate your brand's technology spend, ask yourself: How can I make this investment both tactical and strategic? Are we addressing immediate needs, or are we building something that will last, evolve, and create sustained value?
Ambitious brands are willing to take the long view, investing in technology that aligns with their vision and the future needs of their customers. By doing so, they set themselves apart, not just in the short term, but for years to come.
So, how ambitious are you? Let's talk.