Essay Example | Topics and Well Written Essays - 250 words - 34

Essay causeThis caused the bank to lose focus and only strive for greater profit margins rather than expanding its customer base. after(prenominal) some time, the coupling Bank of Norway realized its mistakes and attempted to correct them with the introduction of a single strategy that tracked the info of each individual customer. Information about their customer base would allow the northern Bank of Norway to correctly predict what its customer would prefer or not prefer in the future. The data warehouse that the bank came up with attempted to address all of these problems. By getting to know its customers, the Union Bank of Norway has been able to base its marketing decision around the characteristics of its customers. Not surprisingly, customer response has been entire to this new endeavor. Customers generally like to help organizations wherever they can, so it makes sense to take advantage of this by providing an avenue for them to use. The retention of customer informatio n has helped the Union Bank of Norway get back to its roots functional one-on-one with the