39 Bakers: Roadmap To Profitability Through Customer Management

Suchita Jha, Sunakshi Gupta, Jitender Kumar, Sandeep Rawat

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39 Bakers, a multi-outlet bakery chain in Jammu, India, is run by its founder Gagan. 39 Bakers, through its retail outlets across the Jammu region, offers a variety of products, ranging from bakery items that include blends of Indian and Italian cuisines, offering more than 1000 stock keeping units (SKUs). Through its high-quality offerings at an affordable price range, the brand has carved a niche in the hyper-competitive bakery market of the Jammu region. Gagan, has closely seen the Jammu market and customer preferences and strongly perceived that the customers in the Jammu region are very price sensitive. Thus, he has always been very reluctant to increase the prices of his product offerings at 39 Bakers. He has always believed that any drastic price rise may lead to immediate dissatisfaction and customer churn and therefore has not increased the prices at 39 Bakers for two years in a row. While this decision of Gagan paid off in terms of its popularity and recognition as one of the highly recommended bakery chains among customers, it drastically impacted the bottom line (i.e. profitability) at 39 Bakers, especially in the year 2020–21. Getting popularity at the cost of dipping profitability made Gagan rethink his decision to be protective of price increases at 39 bakers. How can he measure customer satisfaction and loyalty? Which loyalty strategies will work for the huge customer base of Jammu? Should he change his business model from B2C to B2B? How can loyalty be established? How can he manage his existing and loyal customers through price increases?

Subjek

CUSTOMER RELATION MANAGEMENT
 

Katalog

39 Bakers: Roadmap To Profitability Through Customer Management
ISSN: 2045-0621
13p.: pdf file.; 359 KB
English

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Pengarang

Suchita Jha, Sunakshi Gupta, Jitender Kumar, Sandeep Rawat
Perorangan
 
 

Penerbit

Emerald
New York
2024

Koleksi

Kompetensi

 

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