Customers
Current customer selection
- What is our revenue mix by customer?
- Where does profit come from?
- Is the origin of revenue and profit changing?
- Who are our most profitable customers?
- Which customers are showing growth?
- Which customers are integral to our strategy?
Customer service
- Which types of customers choose us?
- Why do those customers choose us?
- Are we making money off that differentiation?
- Why don’t customers choose us?
Strategic direction
- Are our current customers the ones that we want?
- Will they be who we want in five years?
- What customers are similar to our current customers that we could also satisfy?
Market trends
Customers
- Who holds the power in the market? Why?
- What do they want?
- Where is the power going?
- Where is the value going?
- What can we learn from our most demanding or innovative customers about the future?
Competition
- Who is our primary competition?
- What do they know that we don’t?
- Why are they beating us?
- Who will be our primary competition in five years?
- Where could we compete that we aren’t?
Markets
- What is the nature of the environment in which we work?
- What trends exist in the market?
- What are the risks?
- What new markets are developing?
Our strategy
Customers
- What do customers buy from us? Why?
- Is our strategy aligned with customers?
- What skills must we develop to better service customers?
- What unique skills do we have that customers value?
Trends
- What are the implications of the major trends for our strategy?
- What are we recognized for?
- What could we be recognized for?
Competencies
- What are we recognized for?
- What could we be recognized for?
- Are these the same as the competencies that the customer desires? Why not?
Source:
Are You Enjoying Globalization Yet?
by Adrian J. Slywotzky
Mercer Management Journal, Issue 20
Subject: Management Questions
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