Multichannel Challenge

We live in a multichannel world. Whether booking a hotel, reviewing our pension or evaluating potential suppliers at work, we routinely step from one channel the web, the telephone, e-mail, an outlet, a sales representative, a distributor to the next as we go along our journey as customers. Yet viewed from the other side, in the customer-facing functions of marketing, sales and customer service, we often behave as if customers stayed strictly within the channel silos and functional tasks around which our organisations are structured and measured. Rethinking multichannel strategy around the concept of channel chains combinations of channels which perform complementary roles in the customer journey does not just provide a more compelling customer experience: it unlocks the possibility of reducing costs and extending market reach simultaneously. Based on over five years of research with leading organisations, The Multichannel Challenge explains a step-by-step process for developing multichannel strategy. Its case studies on such leading exponents of the art of combining channels as First Direct, IBM and BT also spell out how to implement the strategy, dealing in depth with change management, customer migration, metrics and rewards. Channel strategy has long accounted for a large proportion of the enterprises costs. As products have become commoditised, it has also become a key driver of revenue, the primary communication vehicle for the brand and a critical avenue for knowing the customer better. Drawing on powerful success stories from business-to-business, consumer and not-for-profit sectors, The Multichannel Challenge demonstrates how multichannel strategies can become a business goldmine, delivering step-change improvements to profits as few other business initiatives can. Multichannel innovation will be a major competitive weapon over the years to come, and the multichannel challenge must be on the agenda of every senior management team.Wilson, Hugh is the author of 'Multichannel Challenge' with ISBN 9780750687119 and ISBN 0750687118.