Lincoln Murphy's Keynote at the first annual Customer Success Conference in Israel was focused on the problem Customer Success has when it comes to getting resources and being taken seriously, and how to fix that.
4. There’s a reason CSM IS NOT…
o Given resources or budget
o Empowered to truly make the customer
successful
o Looked at as performing a real business
function
@lincolnmurphy
5.
6. Customer Success is POSITIONED as…
o Account Management 2.0
o Churn Busting
o Saving Customers
o Sales Buzzkill
o Customer Happiness or Delight
@lincolnmurphy
8. We Must Correct These ASSUMPTIONS…
• Customer Success is just a Department
• Its just renamed Customer Support
• Can magically make Bad-fit Customers
Successful
• A Fix for a Broken or Incomplete Product
@lincolnmurphy
9. Desired Outcome
Customer Success is when customers achieve their
interactions
through with your
companytheir
“
” - Lincoln Murphy
@lincolnmurphy
10.
11. Customer Success Management
is the process of moving the customer
toward their ever-evolving Desired
Outcome.
“
” - Lincoln Murphy
@lincolnmurphy
12. Customer Success GETS RESULTS…
o Churn becomes a Non-Issue
o Customers Extend their Lifetime
o Customers Expand their Relationship
with Us
o Customers Advocate for Us
@lincolnmurphy
13. Customer Success IMPACTS…
o Customer Lifetime Value (LTV)
o Customer Acquisition Cost (CAC)
o Net Revenue Retention (NRR)
o Total Addressable Market (TAM)
o Company Valuation!
@lincolnmurphy
14. Required CULTURE SHIFT…
o Transaction è Life Cycle
o Reactive è Proactive
o Product-focused è Customer-focused
o Focused on sales è Targeted results
o Upselling è Success-Based Expansion
@lincolnmurphy
15. HIGH PERFORMANCE Leadership...
1. Strategic Planning
2. Tactical Execution
3. Resource Management
4. Effective Communication
5. Evangelism and Inspiration
6. Positioning everyone for success
@linclnmurphy
16. Positioning everyone for SUCCESS ...
o Set specific goals and objectives
o Create a plan to reach these goals
o Ensure that the necessary resources are in
place
o Push back on other teams that act counter to
your mandate
@linclnmurphy