To become a customer-focused subscription company, a company needs to shift its focus from the product to the individual customer. This involves understanding the customer's preferences and needs, and providing services that cater to these. The company needs to leverage digital platforms to enhance the customer's online experience and use the data obtained to inform business decisions. The company also needs to adopt a subscription model, which may involve overcoming initial financial challenges. Furthermore, the company needs to be able to provide a range of services or products under the subscription model, and be ready to adapt to changes in customer preferences and market trends.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
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