Professional Documents
Culture Documents
GROUP 3 - CUSTOMERS
TITLE
GROUP MEMBERS:
Name ACTUAL WRITTEN GROOMING
REPORT REPORT
AURELIO, JOBEN
GAYOSO, CHARLES
HUSMILLO, LOURINCE
QUIJANO, TRIXIE
CEIT-02-602P
Section
Submitted to:
ASST. PROF. ZORAHAYDA V. CONCEPCION
TABLE OF CONTENTS
I. CUSTOMER
OVERVIEW ……………………….……………………………………………………………5
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● TWO TYPES OF MARKET RESEARCH ……………………………...………….8
○ PRIMARY DATA …………………………...…………………………...…...8
○ SECONDARY DATA ……...…………………………...……………………9
VALIDATION ………….……………………………………………………………………..10
OVERVIEW ………………………………….………………………………………………. 9
PERSONA ………………………………………………………………………………..13-14
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CEIT-02-602P (GROUP 3)
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CUSTOMER
A customer is a person or business that buys goods or services from another business.
Customers are crucial because they generate revenue. Without them, businesses would go out
of business. Every business fights to get customers by advertising their products heavily, cutting
costs to get more customers, or making unique products and experiences that people love.
Some examples are Apple, Tesla, Google, and TikTok.
Types of customers
1. Loyal customers: Customers that make up a minority of the customer base but
generate a large portion of sales.
2. Impulse customers: Customers that do not have a specific product in mind and
purchase goods when it seems good at the time.
3. Discount customers: Customers that shop frequently but base buying decisions
primarily on markdowns.
4. Need-based customers: Customers with the intention of buying a specific product.
5. Wandering customers: Customers that are not sure of what they want to buy.
CUSTOMER NEEDS
Customer needs are the psychological and physical motivations that make someone want to
purchase a product or service and stay loyal to that business.
- Product needs
Functionality- Customers need your product or service to function the way they need in
order to solve their problem or desire.
Price- Customers have unique budgets with which they can purchase a product or
service.
Convenience- Your product or service needs to be a convenient solution to the function
your customers are trying to meet.
Experience- The experience using your product or service needs to be easy -- or at
least clear -- so as not to create more work for your customers.
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Design- Along the lines of experience, the product or service needs a slick design to
make it relatively easy and intuitive to us
Reliability- The product or service needs to reliably function as advertised every time
the customer wants to use it.
Performance- The product or service needs to perform correctly so the customer can
achieve their goals.
Efficiency- The product or service needs to be efficient for the customer by streamlining
an otherwise time-consuming process.
Compatibility- The product or service needs to be compatible with other products your
customer is already using.
- Service needs
Empathy- When your customers get in touch with customer service, they want empathy
and understanding from the people assisting them.
Fairness- From pricing to terms of service to contract length, customers expect fairness
from a company.
Transparency- Customers expect transparency from a company they're doing business
with. Service outages, pricing changes, and things breaking happen, and customers
deserve openness from the businesses they give money to.
Control- Customers need to feel like they're in control of the business interaction from
start to finish and beyond, and customer empowerment shouldn't end with the sale.
Make it easy for them to return products, change subscriptions, adjust terms, etc.
Option- Customers need options when they're getting ready to make a purchase from a
company. Offer a variety of product, subscription, and payment options to provide that
freedom of choice.
Information- Customers need information, from the moment they start interacting with
your brand to days and months after making a purchase. Businesses should invest in
educational blog content, instructional knowledge base content, and regular
communication so customers have the information they need to successfully use a
product or service.
Accessibility- Customers need to be able to access your service and support teams.
This means providing multiple channels for customer service. We'll talk a little more
about these options later.
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CUSTOMER CHALLENGES
Customer challenges refer to the specific problems customers have when using the
product or engaging with the service you provide. These issues have a detrimental effect on the
customer experience and need to be resolved in order to attract new customers and enhance
client loyalty.
● Process
The internal procedures within the firm that obstruct the customer journey. The
purchasing procedure often leads to this sort of problem and can be identified by:
● Complicated sales transactions
● Disorganized help center
● Financial
If the good or service the company sells is ideal for the consumer but the price
exceeds their budget, they will choose a different brand. Financial issues could appear
as:
● Hidden fees that get added at checkout
● Expensive membership fees
● Support
Refer to the customer's engagements with sales and customer service staff.
Support pertains to deficiencies in your team's performance rather than corporate
procedures. Typical support problems include:
● Slow response times
● Insufficient product knowledge
● Product
Any shortcomings in product or service. It hinders the customer's productivity.
Issues with the product are:
● Inconvenient workflows
● Underwhelming features
CUSTOMER DEMOGRAPHICS
Customer demographics are statistical data that classify consumers. These demographic
characteristics assist organizations in comprehending their target population more effectively
and customizing their products, services, marketing tactics, and communication channels to
engage certain customers successfully.
● Age
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Used to classify and comprehend consumer groups according to their
chronological age. It offers valuable information about consumer preferences,
behaviors, and purchasing patterns, enabling firms to customize their products,
services, and marketing tactics efficiently.
● Location
Pertains to the specific geographic location where persons live or carry
out their activities. It is a crucial demographic variable used for segmenting and
comprehending consumer populations.
● Hobbies
The interests, activities, and pleasures persons pursue outside of work or
personal responsibilities. Hobbies involve various activities such as sports, arts &
crafts, music, cooking, travel, and other pursuits.
● Income
Income demographics offer valuable information on the economic state of
consumer groups, which impacts their spending behavior, lifestyle decisions, and
consumption trends.
● Purchasing Habits
The trends, preferences, and behaviors individuals display while making
purchasing decisions. Purchasing habits include preferred purchasing channels,
brand loyalty, price sensitivity, product preferences, and decision-making criteria.
MARKET RESEARCH
● Primary data
● Exploratory research
● Specific research
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It is carried out following exploratory research that has pinpointed a
specific issue. Specific research is expensive because of its high level of
organization and formality in its approach.
● Direct mail
● Telephone interviews
● Personal interviews
● Secondary data
Secondary research involves the analysis and interpretation of existing data that has
been previously collected by someone else for a different purpose.
● Commercial sources
Commercial sources refer to information and data that are obtained from private,
for-profit entities or organizations. These sources typically require payment or
subscription for access.
● Educational sources
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Market research should never be underestimated. Many successful new businesses enjoy
longevity because their owners conduct regular market research to understand their target
market, identify consumer problems and pinpoint realistic competitors.
It’s the simplest way for entrepreneurs to keep up with market trends and maintain a competitive
edge by sizing up your business opportunity.
Validation
Validation refers to the process of confirming the accuracy, reliability, and credibility of the
research methods, data, and findings.
You’ve developed your product roadmap for a reason. It’s there primarily to serve as a
high-level visual summary of your product’s vision and strategic plan of attack.
Maybe a customer’s request to add a new piece of functionality would be a great idea for
their unique process. But it is not of much value to any other company that uses your product.
Identifying the problem your customers are trying to solve is critical because it lets you
perform a quick litmus test: Is this problem something our product is supposed to solve? Is this
problem one that we want our product to solve?
4. What are the positive and negative impacts on business metrics if we add or ignore
this feature?
If you build this feature, are you likely to see an increase in revenue? A decrease? Are
you gaining entry into a new market, one that you had been planning to enter? Would it increase
customer retention rates and slow down churn? It’s much easier to make a strategic decision
when you can back it up with data and projections.
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Whether requests come from customers or internal stakeholders, a product manager is
responsible for allocating her development resources in a way that advances her strategy
without wasting the team’s time and energy.
Do some more research. Interview your customers to further understand the problems
this new feature would solve. Treat it like any other new component or feature.
DECISION-MAKING IN TECHNOPRENEURSHIP
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● The process of technopreneurship emphasizes the strategic importance of
decision-making in merging technology, innovation, and entrepreneurship to produce
breakthrough products and services.
COMPONENTS OF DECISION-MAKING
1. Context. This involves the environment where the decision should be made. You should get
all the relevant information, the facts, the data, and everything else you need to help you make
a decision.
2. Objectives. It is important to have a clear understanding of what you hope to achieve after
making a decision because this will serve as a guide in the process of deciding. Your objectives
should make the whole process logical, easy, and a lot less stressful.
3. Alternatives. Know all the available alternatives before making a decision. Analyze
everything carefully and do not limit your options to a very small number. Gather as many
options as possible before making a decision and find out the risks involved.
4. Criteria. If you have knowledge of your objectives and you have all the information you need,
coming up with a criteria should not be difficult. This could be hard or soft criteria; hard includes
budget and time allocation whereas soft includes employee satisfaction and organizational
disruption. Assess your criteria fully before making a decision.
EDWARD DE BONO
is a prominent psychologist, physician, and author celebrated for his
groundbreaking contributions to the concept of lateral thinking. He is
also known for his development of the Six Thinking Hats method, which
revolutionized traditional approaches to collaborative thinking and
decision-making.
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● Each “hat” represents a specific thinking role and is associated with a particular color,
guiding individuals to approach problems from several perspectives.
● Before deciding on anything, you must utilize all six hats to come up with a rational,
effective, positive, and feasible decision.
This thinking hat emphasizes the positive, focusing on the benefits and
opportunities associated with an idea or decision to foster motivation and optimism.
This thinking hat facilitates process control in group settings, often used in
meetings and brainstorming sessions, and can be paired with the Black Hat when
necessary.
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A good decision-making model doesn’t just apply to people. It applies to any situation in which
there are multiple options.
.) Rational decision-making models. Most people will make decisions based on emotion
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rather than logic. This is because emotions are much easier to understand and act upon.
2.) Intuitive decision-making models. Intuitive decisions are decision-making models that use
gut instincts. This model requires previous experience and pattern recognition to form strong
instincts. Decision-makers with a lot of experience with similar problems often use intuitive
models.
3.) Creative decision-making model. The creative decision-making model is a great way to
generate solutions to problems. It’s often referred to as the “no-think” approach because instead
of actively thinking about how to solve a problem, you let your subconscious mind do it for you.
PERSONA
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● Buying Journey: Maps out the typical steps the persona takes when making a
purchasing decision, including awareness, consideration, decision, and
post-purchase evaluation.
● Objections and Obstacles: Anticipates potential objections or barriers that may
prevent the persona from converting, and how to address them effectively.
BENEFITS OF CUSTOMERS
Pain Points: Jennifer struggles with finding affordable yet powerful graphic design
software that meets her professional needs. She often faces compatibility issues with
her existing tools and experiences frustration with steep learning curves. Additionally,
Jennifer worries about the cost-effectiveness of investing in new software solutions
while maintaining a stable income as a freelancer.
Benefits:
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● Access to user-friendly software with intuitive interfaces to streamline her design
workflow.
● Affordable pricing plans or subscription models tailored to freelancers' budgets.
● Comprehensive customer support and training resources to help Jennifer
overcome technical challenges and improve her skills.
Pain Points: Thomas struggles with managing his company's finances efficiently while
juggling multiple responsibilities. He often finds it challenging to navigate complex
accounting processes and keep track of expenses, invoices, and tax obligations.
Additionally, Thomas worries about the security of his financial data and the risk of
errors or discrepancies in his records.
Benefits:
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Customer Name: Maya
Pain Points: Maya struggles to maintain a healthy diet due to her busy schedule and
limited access to fresh, organic produce. She often finds it challenging to balance
convenience with nutrition and worries about the environmental impact of conventional
food production methods. Additionally, Maya faces budget constraints and seeks
affordable yet high-quality food options for herself and her family.
Benefits:
● Convenient home delivery of organic and locally sourced produce to save Maya
time and effort.
● Assurance of food safety and quality standards, with transparent sourcing
practices and sustainable farming methods.
● Customizable subscription plans and budget-friendly options to accommodate
Maya's dietary preferences and financial constraints.
Pain Points: David is passionate about technology and constantly seeks the latest
gadgets and devices to enhance his digital lifestyle. However, he often feels
overwhelmed by the multitude of options available in the market and struggles to make
informed purchasing decisions. David also faces challenges related to product
compatibility, software updates, and technical support.
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Benefits:
Pain Points: Maria is deeply invested in the fashion industry and relies on her unique
style and aesthetic to engage her audience on social media. However, she often
struggles to keep up with rapidly changing fashion trends and maintain a consistent
wardrobe that aligns with her brand image. Maria also faces challenges related to sizing
discrepancies, shipping delays, and returns when shopping online.
Benefits:
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Customer Type: Construction Project Manager
Pain Points: Sarah is responsible for overseeing construction projects and ensuring that
they meet safety, regulatory, and budgetary requirements. She faces challenges related
to selecting the right structural engineering software that can accurately analyze
designs, generate detailed reports, and facilitate collaboration among team members.
Sarah also struggles with time constraints and the need to deliver projects on schedule,
often feeling overwhelmed by complex software interfaces and technical support
issues.
Benefits:
Benefits:
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● Cost-effective solutions tailored to John's budget constraints, ensuring he can
invest in high-quality equipment without compromising profitability.
● Demonstrated return on investment through improved project outcomes and
client satisfaction, strengthening John's reputation as a trusted civil engineering
consultant.
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