Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Respond to this-Achieving loyalty is not about upgrades, new strategies or rewards programs. Loyalty is built on integrity, it's about doing what you say you'll

Respond to this-Achieving loyalty is not about upgrades, new strategies or rewards programs. Loyalty is built on integrity, it's about doing what you say you'll do, owning the results even when they are poor and making it right. According to Reichheld (2001), Leaders must be dedicated to treating people right and driven to deliver superior value to customers. Leaders must practice their values, if they don't, their teams won't either. They must build relationships and ensure all stakeholders win. If you choose to win at the cost of a partner you are not demonstrating loyalty and in the long run may fail because of it. You must be selective in hiring for your teams. Just filling an open position with a mediocre candidate will not help you achieve the results you are looking for. Keep your strategies and structure simple. If too complex, your speed to resolution can become a barrier. Keep your teams small, the larger the team the less personal the relationships and more complexity you'll have. Align interests and reward your target markets and teams accordingly. Lastly, you must listen and be honest. Failing to deliver will erode trust and diminish loyalty

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management Fundamentals Key Concepts And Methodology

Authors: Gregory T. Haugan

2nd Edition

1567262813, 9781567262810

More Books

Students also viewed these General Management questions

Question

What does the Ambassador of the U.S. Trade Representative do?

Answered: 1 week ago