Customer wallet share

This measure calculates the average percentage of current customer's total spending in the benchmarked product/service categories. It is part of a set of Process Efficiency measures that help companies optimize the performance of their "develop marketing strategy" process by minimizing waste and refining resource consumption.

Benchmark Data

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Measure Category:
Process Efficiency
Measure ID:
100479
Total Sample Size:
1,357 All Companies
Performers:
25th
-
Median
-
75th
-
Key Performance
Indicator:
Yes

Compute this Measure

Units for this measure are percent.

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Customer wallet share

Key Terms

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Process efficiency

Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.3.1)

  • 3.2.1 - Define offering and customer value proposition (11168)
    • 3.2.1.1 - Define offering and positioning (11169)
    • 3.2.1.2 - Develop value proposition including brand positioning for target segments (11170)
    • 3.2.1.3 - Validate value proposition with target segments (11171)
    • 3.2.1.4 - Develop new branding (11172)
  • 3.2.2 - Define pricing strategy (10123)
    • 3.2.2.1 - Conduct pricing analysis (13169)
    • 3.2.2.2 - Establish guidelines for applying pricing and discounting of products/services (10124)
    • 3.2.2.3 - Establish pricing targets (19999)
    • 3.2.2.4 - Approve pricing strategies/policies and targets (10125)
  • 3.2.3 - Define and manage channel strategy (20000)
    • 3.2.3.1 - Determine channels to be supported (20001)
    • 3.2.3.2 - Establish channel objectives (20002)
    • 3.2.3.3 - Determine channel role and fit with target segments (10127)
    • 3.2.3.4 - Select channels for target segments (10128)
    • 3.2.3.5 - Identify required channel capabilities (20003)
    • 3.2.3.6 - Evaluate channel attributes and potential partners (10126)
    • 3.2.3.7 - Orchestrate seamless customer experience across supported channels (20004)
      • 3.2.3.7.1 - Define omni-channel strategy (16590)
      • 3.2.3.7.2 - Define omni-channel requirements (16591)
      • 3.2.3.7.3 - Develop omni-channel policies and procedures (16592)
    • 3.2.3.8 - Develop and manage execution roadmap (20005)
  • 3.2.4 - Analyze and manage channel performance (20006)
    • 3.2.4.1 - Establish channel-specific measures and targets (16573)
    • 3.2.4.2 - Monitor and report performance (16574)
    • 3.2.4.3 - Monitor and report events influencing factors (16575)
    • 3.2.4.4 - Analyze channel performance (16500)
    • 3.2.4.5 - Develop plan for channel improvements (16501)
  • 3.2.5 - Develop marketing communication strategy (16848)
    • 3.2.5.1 - Develop customer communication calendar (16849)
    • 3.2.5.2 - Define public relations (PR) strategy (16850)
    • 3.2.5.3 - Define direct marketing strategy (16851)
    • 3.2.5.4 - Define internal marketing communication strategy (16852)
    • 3.2.5.5 - Identify new media for marketing communication (16853)
    • 3.2.5.6 - Define new media communication strategy (16854)
    • 3.2.5.7 - Define point of sale (POS) communication strategy (16855)
    • 3.2.5.8 - Define communication guidelines and mechanisms (18627)
  • 3.2.6 - Design and manage customer loyalty program (18924)
    • 3.2.6.1 - Define customer loyalty program (20007)
    • 3.2.6.2 - Acquire members to customer loyalty program (18925)
    • 3.2.6.3 - Build engagement and relationship with members (18926)
    • 3.2.6.4 - Monitor customer loyalty program benefits to the enterprise and the customer (16633)
    • 3.2.6.5 - Optimize loyalty program value to both the enterprise and the customer (18927)