CVMBoK
Customer Value Management Body of Knowledge
The First and Only Guide for Customer Value Managers
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Untapped Potential in Customer Value Management
The Customer Value Management (CVM) function is complex, blending marketing, technology, customer support, and many other roles.
Skills and training are scarce, making knowledge sharing tough. Leaders struggle to create frameworks, leaving CVM professionals feeling isolated and unable to meet company goals.
CVMBoK Fills the Gap
CVMBoK unlocks the value of the Customer Value Management function within organizations.
As the first and only comprehensive guide, it sets the foundations needed for both leaders and professionals to develop CVM discipline into a growth driver.
Story Behind the CVMBoK
CVMBoK Contributors
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“Industry benchmark for total revenue increase from CVM initiatives is 2-3%”Elchin Gulmammadov
Marketing Director at Bakcell -
“Let's make the CVM function famous! Share the CVMBoK with your peers, anyone interested in this topic, your management, and your cross-functional teams.”Egidijus Pilypas
Director of Product and Marketing, Co-founder of Exacaster -
“We cooperate quite closely with the marketing; they craft the product's visual and textual appeal, while we focus on targeting the right audience through the appropriate channels, ensuring understandability and engagement.”Kristine Raumane
Head of customer value management @Tele2 Latvia -
“Prior to starting on any CVM initiative, it is essential to establish clear expectations and the desired outcomes from all collaborating teams (for data analytics, sales, etc.)”Simon Sanga
Customer Value Manager @M-Pesa -
“Choosing the right data battles is crucial. Focus on the low-hanging fruit, like reducing unwanted calls or enhancing digital engagement, align strategically, and adopt a modular approach for incremental value delivery.”Matt Tilling
Head of CRM @Telia Lithuania -
“While assisted channels like call centers remain crucial for customer service and revenue generation, the evolution towards digital channels like email, SMS, and app notifications is inevitable. Businesses must strategically adapt, determining the optimal use of assisted channels based on customer journey stages and specific customer needs.”
Matt Tilling
Head of CRM @Telia Lithuania -
“Personalization is knowing someone and speaking to someone as if you know them. It's still a huge part of the customer experience, this face to face knowing who wants that and who doesn't want that and when.”
Matt Tilling
Head of CRM @Telia Lithuania -
“Automation enables the efficient targeting and elevation of customers to new segments through automated funnels. Once set, these systems not only facilitate upselling or cross-selling but also allow for continual performance analysis based on data.”Vytautas Jurkus
Senior manager for CRM, User Experience and Marketing Automation @Western Union -
“Understand the business, understand the customers, what products they are using and how, then try to find that right moment to deliver right message for the customer.”
Vytautas Jurkus
Senior manager for CRM, User Experience and Marketing Automation @Western Union -
“You have to balance your pricing, your retention processes (number of iteration towards the customer base, communication frequency) while making the customer base happy (NPS and transactional NPS).”Paulius Grygalis
Manager of client intelligence and client service @Tele2 Lithuania -
“Effectively managing churn is a delicate balance; pushing too hard can disrupt sales dynamics, while less communication might reduce churn but at the cost of valuable interactions and upselling opportunities with your customer base.”
Paulius Grygalis
Manager of client intelligence and client service @Tele2 Lithuania -
“Our Customer Base Management team is all about connecting different departments and keeping our best strategies private. We improve customer experience by running successful upsell and cross-sell campaigns, managing loyalty programs, and using a variety of technical solutions.”
Kristine Raumane
Head of customer value management @Tele2 Latvia -
“Even though you're doing a one time campaign, you should measure the campaign long term.”
Simon Sanga
Customer Value Manager @M-Pesa -
“The beauty of CVM is the outcome can always get measured. Whether it is the hit rate, churn rate, purchase frequency or revenue uplift, it all comes down to a fact of the impact.”Ignas Brazdauskas
Telco professional -
“CVM roles have the best understanding of P&L composition and can also do the biggest impact on P&L as it drills down to the customer level. Thus I believe P&L responsibility should be owned by CVM teams.”
Ignas Brazdauskas
Telco professional -
“To get the most impact is possible if we (the CVM team) have the ownership of our customer base management processes.”
Kristine Raumane
Head of customer value management @Tele2 Latvia -
“Securing the performance of sales channels necessitates significant investment in time and effort, given the frequent turnover. Longevity in their roles is rare and despite empowering their coaches, personal CVM engagement remains a critical component of success.”Vaidotas Juknys
Telco professional, Head of Commerce @Smartproxy -
“The best algorithm does not work if the agents don't see the use in it, if agents don't like it, if it doesn't support their goals.”Florian Schwarz
Program Lead in Data-Driven Marketing @A1 Austria -
“The scarcity in today’s market isn't opportunities; it's the customer’s time and organisations' alignment. Timeliness of what to offer when and how to develop that better.”
Florian Schwarz
Program Lead in Data-Driven Marketing @A1 Austria -
“CVMBoK, or Customer Value Management Body of Knowledge, is a digital resource for customer value managers. It is the first and only comprehensive guide to the topic.”Šarūnas Chomentauskas
CEO & Co-founder of Exacaster
Your Next Step After CVMBoK
Understand Where Your CVM Stands
Don’t rush into action post-CVMBoK. Start by understanding your CVM maturity, crafting a clear vision, showcasing tangible impact, and securing buy-in with quick wins. Now you’re set to launch new programs confidently!
Need guidance? Contact us for consultancy service!