Customer Retention Techniques Used by Microsoft and Apple.
Customer
retention remains integral to the phenomenal success experienced by Apple and
Microsoft, two of the leading brands in the corporate ecosystem. On critical
metrics like customer satisfaction and client retention, Microsoft and Apple
have key competitors like Google running around for answers. Results from
the Collaborative for Customer-Based
Execution and Strategy study gave shown Microsoft beats Google hollow on
overall customer satisfaction among B2B corporate entities.
Further,
Apple is showing record gains and it is counted as one of the fastest growing
brands because it innovates effortlessly and retains existing customers
thereby. Researchers have sought to understand the extent to which customer
satisfaction is associated with outcomes like customer loyalty, financial
performance, willingness to recommend and pricing power.
Specifically,
client retention receives a boost when various systems are in order. This
includes product or service quality, pricing mechanisms and billing procedures,
communication, project management, safety, sustainability as well as social
responsibility and ongoing support and service.
- Microsoft Retention Techniques
Microsoft
is poised to gain more sales and effortless client retention through its
customer satisfaction strategy, as opposed to leaders like Oracle and Google in
the B2B sector. Customer satisfaction benefits this IT giant in financial and
other ways. Companies increasing overall satisfaction also enjoy a customer
base of a higher quality; consequently, Microsoft is way ahead of others like
Google.
- Microsoft’s Gains
Microsoft
products are universally used. It’s biggest product lines include Windows, the
world’s most well-known OS found in as many as 9 in 10 computers worldwide. Its
suite of productivity tools, Microsoft Office has also found near universal
adaptation across corporate organisations and homes.
- Apple’s Product-Focused Strategy
As a
chief strategist and CEO for Apple, Steve Jobs pioneered a product-focused
strategy that combined software, hardware and services in a bundle for
customers. This approach to the Apple product line is the most successful
diversification example in corporate history, to date. This customer retention
strategy enabled Apple to develop an extremely loyal customer base and top Fortune’s most admired
companies for 5 times in a row. So much so that Apple even inspires
competitors. Oracle, Google and Microsoft that once concentrated on software
are now integrating across-the-board elements into surface tablets.
- Better Quality, Best Outcomes
Better
quality builds and sustains brand loyalty. In one research 36,000 IT vendor
ratings issued by executives and managers over a 4-year period were studied.
Researchers found the link between IT products and services formed in bundles
and the impact on client satisfaction and loyalty.
With
the success of Apple’s integrated approach, it has been declared as one of the
top players in all markets it operates in. Looking at customer retention and
engagement, Apple has topped numerous categories including tablets, smartphones
and laptop computers. Apple has been recognized as a leading player in online
music, through its subsidiary Beats by Dr. Dre as well. According to Brand Keys
which has pegged Apple as the market leader, customer expectations of products
are rising dramatically and brands have to think and innovate constantly to
keep up.
In
fact, Apple sits on USD 222.12 billion as the most valuable tech company across
the world. Apple has surpassed market leaders in terms of market value.
Thus,
when it comes to client retention and building customer loyalty, the product
and quality centred techniques used by Microsoft and Apple help these leading
IT brands to sustain their growth momentum and power their businesses for
profits.