Services Strategy - RALSTON Why Service Strategy is Important?? • • • • • • • • • Differentiation Segmentation Targeting Positioning Better Customer Service Build Loyal Customers Cross Selling of the Products Attack Competition ZMOT Differentiating the Service Offer Differentiate the offer through its Special Constituents Differentiate on the basis of People. Differentiate through Physical Evidence Differentiate through Process. Differentiating the Service Offer Differentiate on the basis of Experience Differentiate on the basis of Positioning. Differentiating through Special Constituents Differentiating on the basis of People Differentiating on the basis of Physical Evidence Axis Bank Differentiating on the basis of Process Differentiating the Service through the Experience Differentiating the service through Positioning • Image can be another base for differentiation in service marketing. • Just as product marketers, service marketers too can differentiate their offers through building an image with the help of careful branding. ZERO MOMENT OF TRUTH The Service Strategy Concept CORE SERVICES SUPPLEMENTARY SERVICES AUGMENTED SERVICES Application IDEATION FORMULATION EXECUTION Future of Services - RASLTON Future of Services • Sustainability through Green Services e.g. ITC Gardenia • Services will get customised e.g Subway • Human touch will be replaced by touch technology eg. Banking • Many services will shift to e – commerce platform e.g. futurebazaar.com, Wal-Mart online, • Services will be integrated e.g. makemytrip.com Future of Services • New product offerings will go the online route for easy access to customers e.g. Localbania.com • Services will turn Glocal e.g. Apples included in McDonald's Menu • Services will be the competitive edge to beat competition e.g. Maruti Suzuki Sai Service • Manufacturing companies will aggressively venture into service business to increase profitability eg. Lakme Beauty Salons, Jyothi Laboritories. Rs. 10 for Coffee at Café Madras Rs. 70 for Coffee at Café Coffee Day Services Will Dominate Marketing You pay Rs. 10 for Cappuccino……… & Rs. 60 for A LOT CAN HAPPEN OVER COFFEE