Unlocking Customer Value: Balancing Short-Term Profits for Long-Term Success
The article discusses how companies can shift from focusing on customer profit to creating customer value. It explains that customer profit and customer value are related but can sometimes conflict. By considering both dimensions, companies can balance short-term and long-term goals. The concept of customer lifetime value is crucial for evaluating how much value a customer brings to a business, especially in e-commerce. This approach helps companies better understand and manage their performance.