EI and CRM
EI and CRM
EI and CRM
Customers dont
care how much you
know, until they
know how much
you care.
The Facts
6 times cheaper to retain a customer than it is to
acquire a new one
Customers will tell 8 people about a good
experience and 14 people about a bad one
20% of your customer base will account for 80% of
revenue
It costs less to get a second sale than you had to
pay for the first one
Customer loyalty leads to profit
Customers. Where do
they go?
1%
3%
5%
9%
14%
68%
Die
Move away
Friends
Influenced
1%
3%
Product Quality
Poor Service
5%
9%
14%
68%
Di e
Mo ve
away
Fri ends
Influenced
Product Quali ty
P oor
S ervi ce
Building the relationship Dont count the people you reach, reach the
people who count
Fish where the big fish are, put your efforts
into proven techniques that work
Recognise previous customers
Turn every contact into an opportunity
Reward your best customers
Mainstream
Customers
Complaint Myths
How to Handle
Complaints
50% of time
wasted in business
is due to lack of
trust
(John O. Whitney, Director, Deming Center for Quality
Management).
A Simple Definition of EQ
ARE YOU
EMOTIONALLY
INTELLIGENT?
OR
YOU STILL THINK (not feel) THAT
IQ MATTERS MORE THAN EQ
1.
Self-Awareness
2.
Self-Management
3.
Social Awareness
4.
Social Skills
Self-Awareness
Self-Awareness is the ability to accurately sense and
identify personal feelings, along with the ability to
understand and evaluate them. To be fully aware of your
feelings you must first identify them, and then you must
acknowledge and accept them.
Self-awareness is very important to achieving success at
work. Not being in touch with your own feelings in sufficient
degree can handicap your overall effectiveness.
Individuals who have high self-awareness are able to
conduct accurate self-appraisals, are self-confident, are
authentic, welcome feedback, perceive situations
accurately, and are willing to take risks for what they
believe to be right.
Self-Management
Self-Management is the ability to
understand your emotions and then
use that understanding to turn
situations to your benefit.
Self-management is also the ability
to use your feelings to reason well
and act intentionally.
Social Awareness
Social awareness refers to how
people handle relationships and
awareness of others feelings, needs,
and concerns.
It is the ability to recognize and
appropriately respond to the
emotions and feelings of others.
Social Skills
Social Skills refers to a proficiency at suggesting desirable
responses in others.
People with good social skills are good business leaders,
leaders in society, and effective parents who understand
that personal success and group or family success are
inseparable.
They lead by example, encouraging others in positive
ways, validating them and creating trust within them.
Developing others
Inspirational leadership
Influence
Communication
Change catalyst
Conflict management
Building bonds
Myths..
Advocating EQ does not mean that we are
promoting low scorers or average IQ
people.
Having average EQ is not bad or
undesirable
Having high EQ is always welcome.
We are not negating the IQ. In fact a
combination of high EQ and high IQ would
be a most ideal personality. It would be a
win win situation.
CAN EQ BE DEVELOPED?
YES. You can develop your EQ by
upgrading your emotional skills. The
popular thinking that EQ is entirely
inherited is incorrect. Emotional
Intelligence is not fixed at birth.
There is no emotional intelligence
genes as such that we know of today.
It is something one has learned.
Contd..
Can EQ be developed at any stage/age
of personal or professional life. The
answer is YES. You can upgrade your
emotional skills at any stage of your
life. In fact, age and maturity are
positively correlated with the EQ.
Same is not true about IQ which is
more or less static.
Can EQ Be Measured?
YES. Though some critics may
argue that emotional traits
can not be measured
accurately the psychologists
have shown that EI can be
measured by using
standardized scientific tools.