Lessons on Leadership: The Power of Micro-Segmentation
This is the sixth installment of CGAP's video blog series, Lessons on Leadership and Customer Centricity.
What could a bank, microfinance institution, or other financial service provider learn from the telecom industry?
Telecom companies have been able to micro-segment their customer bases to better deliver what the customer wants, how she wants it, and when, said Anil Gupta, Regional Manager-North for Aircel Limited, India’s fifth largest GSM mobile service provider. Customers are not just segmented by their socioeconomic level, for example, but further segmented by other factors – such as behaviors and preferences.
Micro-segmentation isn’t easy – nor static.
“The customer himself is the biggest challenge here,” Gupta said in a recent interview with CGAP, “because their preferences, their likes, their dislikes, change [as often as] they change their clothes sometimes – it’s just like changing every hour of the day.”
Aircel, with a subscriber base of 65.1 million, tries to keep up with customers’ ever changing needs by building this concept into the company’s structure. Almost 70% of the organization should be customer-facing at any time, Gupta said, and staff are required to make bi-monthly visits to the field.
Gupta, a panelist at the inaugural CGAP Leadership Series event on customer-centricity in New Delhi, said these field visits have been transformative.
Watch the video to learn more.
CGAP’s Leadership Series on Customer Centricity brings leaders from well-known companies to speak about strategies and tactics they use to embed a culture of customer centricity in their organizations. The objective for the series of events is to inspire and influence leaders of financial services companies serving low-income clients to adopt a customer centric business model, and provide them with concrete solutions, ideas and approaches.