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Short description - Higher Profits through Customer Lock-In: A Roadmap
For the most part, Customer Satisfaction programs are ineffective. Companies need to strive for Customer Lock-in. Customers are locked into a company's product when the switching costs are high. This could result from the product being integrated into the companies business systems (Microsoft, SAP, etc). Thus, managers must ask themselves, "how can I increase the switching costs of my customer?" Bueschken's The Profile Consumer is Not Satisfied, but Locked In covers different strategies for locking in customers.
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Prof. Dr. Joachim Büschken
Author
Katholische Universität Eichstätt - D-85049 Ingolstadt
Expertprofile, external


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