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Tuesday, January 8th, 2008
From Transactional to Trusted Relationships: Satyam’s Diamond-Customer Engagement StrategyBy Chris Koch
Think back to the turn of the millennium. Remember all the anxiety around Y2K, the software bug that threatened to shut down computer systems at the stroke of midnight on December 31, 1999? Well, by the time the dust settled, Satyam—an Indian IT services company that had been founded in 1987—was officially “on the map,” boasting more than 7,000 employees and $300 million in annual revenue. The problem was that customers and prospects perceived Satyam employees as little more than code crunchers, pigeonholing the company as a basic, commoditized service provider. The companys skeletal marketing department was challenged to change people’s perception of Satyam to that of a true trusted advisor while at the same time bridging the culture gap between India and the rest of the world—all on a bootstrap marketing budget. Although marketing and branding had never been the company’s top priorities, the marketing team saw great potential in Satyam’s finely tuned, customer service-oriented culture. Turning to Satyam’s most successful customer relationships, the team conducted exhaustive interviews with both customers and the Satyam relationship managers that convinced them of the need to kick things up a notch in four key areas:
The Diamond-Customer Engagement Strategy To address customer needs in the four key areas it had identified, Satyam’s marketing team designed the Diamond-Customer Engagement Strategy. The objective was to completely surround clients with high-touch marketing and relationship programs in each of the four areas, thereby transitioning transactional relationships to trusted relationships and creating customer advocates. From 2001 to 2003, the team systematically reviewed all client plans and categorized them into four growth-potential levels. Those with the highest potential were surrounded by Satyam and grown to the next level. Every marketing initiative had to address at least one of the four key areas in the Diamond-Customer Engagement Strategy. The following are just a few of the most compelling initiatives. Diamond Points: Business and Culture
Diamond Points: Technology and Industry
Diamond Points: Culture and Industry
Diamond Points: Culture
Results Since launching the Diamond-Customer Engagement program at the beginning of the decade, Satyam has more than tripled its annual revenues and expanded its workforce by 30,000 employees. Today, Satyam has a truly global brand that serves over 558 companies around the world. Its employees are viewed as much more than “code crunchers,” and a large percentage of its customers look to Satyam for advice, leadership, and business solutions that will help their companies succeed. ‘ |
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