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Optimal loyalty program management

Authors: Dmitry Zavalishchin;

Optimal loyalty program management

Abstract

The possibilities of modern loyalty programs that use the concept of customer relationship management to one degree or another are considered. Having come a long way from periodic sales and discount cards to interactive mobile applications, loyalty programs have undergone significant changes aimed at retaining their customers and attracting new ones. Retention of the most valuable customers is a priority in loyalty programs among most companies, but only half of them use this indicator to measure success. Successful customer loyalty programs include sophisticated personalization methods and advanced segmentation, using new and diverse data sources. There is a close relationship between the effectiveness of the loyalty program and the use of analytic data to develop and measure management strategies.

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    popularity
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    influence
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Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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