Loyalty/reward programs

 

Loyalty/reward programs are becoming more and more prevalent. With the onset of more loyalty programs, it becomes important for companies to design programs that are differentiated from other competitor programs. What are at least three key aspects that a company must consider when developing a successful loyalty/reward program?

Include in your discussion post personal observations as well as concrete examples to support your views. Initial posts should be at least two paragraphs and include direct references to the readings and/or additional articles. Word choice and sentence structure should be suitable for professional level work, and all sources should have appropriate references and citations.

 

 

Sample Solution

Loyalty/reward programs

Do loyalty programs reduce the likelihood that customers will move their business to a competitor? The answer to this is yes. Marketers must first understand what loyalty marketing can and cannot do for a business. Loyalty marketing is defined as the discipline of identifying and nurturing the yield of best customers through a long-term, reciprocity, value-added relationship. There are four key elements in the definition: discipline, nurturing, yield and reciprocity. Discipline – loyalty is not about short-term promotional tactics or a points program that is launched today and forgotten. It is needs to be set of ongoing customer interactions that consistently exceed the needs and expectations of the customers. Nurturing – companies needs to be proactively engage their customers to grow more profitable (or strategically improved) long-term behaviors of customers. Yield – by cultivating the customer relationship we expect that there will be a product of our efforts. This can be measured in growth, frequency of purchase, transaction size, and profit per customer.

 

 

For nearly as long as civic establishments have been near, fighting has been available. It isn’t so natural to follow the specific beginnings of war, yet we have written history that discloses to us the realities, and furthermore antiques that indicate what sort of military move made spot. From archeological burrows, pros can recognize that the main military crusade was executed around 9000 BC in old Jericho. The accompanying sections will clarify what occurred in this district and the consequent history of military clash.

Jericho is viewed as the primary genuine city by numerous history specialists. Around 9000 BC, close to the present-day West Bank, the Natufians settled. As indicated by MilataryHistoryNow, “Made up of around 70 igloo-formed mud block residences that together housed up to 1,000 individuals, the city itself was encompassed by a 15-foot high stone divider about four feet thick at its base. While some hypothesize that this hindrance may have been raised to guard the network from bandits, others trust it was utilized to shield the town from floodwaters. In spite of the motivation behind these strongholds, Jericho was eventually relinquished after what archeologists accept was an attack or some likeness thereof, probably by a multitude of wanderers or maybe warriors from another city some place into the great beyond” (“First Blood – History’s Earliest Recorded Military Conflicts”). Be that as it may, there is no immediate proof of a fight or encounter. There are traces of an intrusion, however the specific sort of contention was not recognized. As a side note, bows and bolts were being used beginning around 10,000 BC, and the burial grounds of Mesopotamia and Egypt show the impacts of this weapon being utilized (Mark, Joshua J.).

The most established direct proof of fighting beginnings with Hamoukar. Situated in present-day Syria, the most punctual settlement in the territory goes back to around 5,000 BC. As expressed by The New York Times, “The archeologists announced discovering fallen mud-block dividers that had experienced substantial barrage and resulting fire. Surrounding, they gathered in excess of 1,200 oval-molded “projectiles” utilized with slings and somewhere in the range of 120 bigger round earth balls” (Wilford, John Noble). Subsequently, something beyond suppositions can be made about the site at Hamoukar, when contrasted with Jericho.

A major defining moment, be that as it may, occurred with the innovation of composing. Human advancements started to record their wars. The main recorded war occurred in Mesopotamia around 2700 BC among Sumer and Elam. As indicated by the Ancient History Encyclopedia, “The Sumerians, under direction of the King of Kish, Enembaragesi, crushed the Elamites in this war and, it is recorded, “diverted as crown jewels the weapons of Elam.” At around a similar time as this crusade, King Gilgamesh of Uruk walked on his neighbors so as to secure cedar for development of a sanctuary. While it has been contended that Gilgamesh is a fanciful character, the archeological proof of a verifiable King Enembaragesi, who is referenced in the Epic of Gilgamesh, loans weight to the case that the last was likewise a genuine chronicled figure” (Mark, Joshua J.). These records were cut on stone tablets by copyists. In later wars in a similar area, mammoth pictographs were made to show the records of slaughter. As MilitaryHistoryNow statesm, “An increasingly point by point record of another war, this time between contending Sumerian groups from the urban communities Lagash and Umma, around 2525 BCE, was deified pictorially in a stone tablet. It as far as anyone knows shows the killed adversaries of the Lagash ruler Eannatum being shredded by vultures and lions. The cutting, known as the Stele of Vultures, remains as the primary recorded resemblances of old fighters – helmeted and reinforced spearmen masterminded in tight arrangements being driven by a figure in a chariot” (“First Blood – History’s Earliest Recorded Military Conflicts”). This is likewise the primary visual proof of the innovation of the chariot, which turned into a key instrument in fighting in the antiquated world.

As it very well may be seen, sorted out fights and wars have been pursued maybe since 10,000 BC, with the presentation of the bow. The circuitous proof beginnings around 9,000 BC in Jericho, where antiquarians accepted an intrusion occurred and that the occupants there set up a battle. Significant direct proof was discovered that dated back to around 5000 BC, where the site of Hamoukar was barraged by shot like weapons. At long last, the set up account of wars was started around 2,700 BC by copyists, portraying the war among Sumer and Elam on stone tablets. Wars have been occurring nearly since the beginning of development, and it appears they will keep on being pursued for millenia to come.

Works Cited

“First Blood – History’s Earliest Recorded Military Conflicts.” MilitaryHistoryNow.com, 7 Feb. 2017, militaryhistorynow.com/2014/10/13/first-blood-historys-soonest recorded-military-clashes/.

Wilford, John Noble. “Archeologists Unearth a War Zone 5,500 Years Old.” The University of Chicago News Office, 16 Dec. 2005, www-news.uchicago.edu/references/05/051216.hamoukar-nyt.html.

 

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