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Client retention is the foundation to profitable growth in the management
services and outsourcing industry.
The case for investing in current client relationships is compelling. Even
modest increases in retention rates provide powerful organic profit growth - much like
annuities that grow at compounded rates over time.
Many service companies have allowed new business acquisition spending to become
out of balance with account management and client loyalty investments. Tenacity’s clients have
found that putting client management and retention first in allocating their
marketing and training investments produces powerful and sustainable economic
benefits.
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