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 A Customer Intimacy-based Strategy is the Only Sustainable Strategy for the Vast Majority of Financial Service Institutions

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A Customer Intimacy-based Strategy is the Only Sustainable Strategy for the Vast Majority of Financial Service Institutions


In a time of intense competition for market and wallet share, competitive strategies distinguish winners from also-rans and losers. In a new report entitled "Competitive Strategies in the Consumer Age", Meridien Research examines the viability in today's financial services marketplace of strategies based in product leadership, market leadership, cost leadership, and customer intimacy.

"Financial service institutions can follow only one of a handful of business strategies: product leadership, market leadership, total cost leadership, or customer intimacy," said Richard Bell, Senior Analyst at Meridien Research. "While each of these has merit, for the vast majority of institutions only customer intimacy provides the basis of a sustainable strategy. Successful customer intimacy requires much more that customer knowledge. It requires delivery excellence, support excellence, and becoming a trusted partner with your customers."

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