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Customers Aren't Buying It:
Why Banks Have Failed at Selling Higher-Profit Services
When:
October 10, 2002 at 2:30 Eastern Register
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Speakers:
Charlene Stern
Senior Vice President
NewGround
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Session
Description:
Click
here for sample slides
After years of cross-selling, advertising and promoting,
most banks have made no progress in raising customer awareness
of higher-profit services... that's a key conclusion of a
recent branch exit poll conducted by NewGround. Why are banks
failing at their efforts to sell insurance and brokerage services,
etc. despite spending hundreds of millions of dollars? This
session will highlight the critical issues that stand in the
way of the imperative of creating both cross-sales and the
brand value of the bank. We'll talk about building customer
profitability by recognizing past failures and suggesting
strategies for improvement.
In
this session, Charlene Stern, Senior Vice President of NewGround
will reveal the trended results of NewGrounds two-wave, four-city
survey of 160 super-regional bank branch customers conducted
in spring 2000 and spring of 1997, and then provide analysis
and recommendations on the revenue generation issues facing
the industry.
This
session is appropriate for senior executives in consumer banking,
affluent marketing, product development, market research and
strategy teams.
Attendance
Fee:
$275 plus $50 per telephone line used
About
Charlene Stern
Charlene
brings to NewGround over 20 years of experience in all facets
of marketing and brand management in both product and service
industries, retail and trade marketing, merchandising, brand
development, store design, advertising, new product introduction,
marketing research, and corporate brand management.
Most recently, Charlene was founder and CEO of Stern Marketing
Group, known for its innovative marketing services to over
200 national, regional and community financial institutions.
At NewGround she leads strategic and creative direction on
all client retail development programs. Charlene managed the
retail launch of Levi's Dockers, at Levi Strauss & Co.,
including packaging, trade collateral, in-store merchandising
promotion, and sales support. The comprehensive program
she designed for Wells Fargo Bank, including brand identity,
brand image development, retail branch design, and retail
marketing, has been implemented in over 1,000 branches. She
has developed and delivered the Retail University culture
change program to over 10,000 bankers worldwide.
About
NewGround
NewGround is an integrated, strategic marketing, facility
development and employee education firm serving financial
services clients and technology based industries. We capitalize
on over 178 years of experience to help banks, credit unions
and other financial service providers increase the power of
their brands, design and build new retail branches or operational
facilities and evolve sales cultures to better deliver on
their company’s core values. Our breadth of services and integrated
delivery set us apart in the industry and ensure the best
experiences for our clients and their customers.
NewGround
has headquarters based in Chicago, and offices in St. Louis,
Portsmouth, Berkeley and Toronto. To contact NewGround, please
visit our website at www.newground.com
or call 888.613.0001.
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