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Elf Generates $6 Billion in Profit for Clients

To date, since we first kept track in June 2007 to now, Elf has generated over $6 billion in profit for our clients, ranging from SMBs to medium-sized companies, Fortune 500 and Fortune 100 companies.

We’re grateful for the clients we’ve had over the years and the work we’ve had the opportunity to do. We look forward to doing more. Thank you.

tags: Elf, profit, revenue, clients, client services
categories: Elf News & Case Studies
Monday 01.27.25
Posted by Elf
 

Design-Driven Companies Outperform the S&P by 219% over 10 years

designhexagon
“When you do the common things in life in an uncommon way, you will command the attention of the world.”
— George Washington Carver

Design is a key differentiator in driving business success and customer engagement. In a study conducted by the Design Management Institute reviewing business performance for design-driven companies as compared to the S&P Index over a decade (2004-2014), design-driven companies consistently outperformed the S&P by 219%.


Design-Led Companies: A Winning Business Advantage

A well-designed customer experience that is based upon deep customer understanding and provides effective, compelling visuals and relevant interactions, can make the difference between a loyal customer and one who walks away dissatisfied.

From July-Oct 2016, Forrester Research Consulting conducted a study commissioned by Adobe to explore how design practices may create a tangible, measurable business advantage. To do this, Forrester developed a design maturity framework to evaluate how companies use design in their business practice for marketing, product and customer experience. This included interviews and surveys of decision-makers at companies in the United States, United Kingdom, France, Germany, South Korea, Australia/New Zealand, and Japan. 

The study resulted in identifying 2 different categories of business - design-led firms versus those that did not place a priority on design.

What’s a design-led company?

A design-led company is one that puts design at the core of its brand. The company weaves design principles into everything it does— from research and strategy to creating content. Leadership and management at these companies think beyond transactions and focus on creating beautiful experiences that build lasting and meaningful relationships with customers. (Source: Adobe)


Design-led companies reported:

41% higher market share

46% competitive advantage overall

50% more loyal customers

70% digital experiences beat competitors
 


Key findings revealed that in design-led firms:

  • Design permeates the organization, driving culture and the ambition to do better.

  • There is support throughout the organization to nurture talent and to have a variety of skills from strategic to visual, technical and more with collaborative work processes.

  • The company embeds tactical and production-level design from strategy through application across user experience.

Also companies with less advanced design practices typically underestimate the business benefits of design-led customer experience.


Design-led firms excel at world-class customer experience strategy and implementation.

Leadership at design-led firms also have a keen awareness of the importance of design in creating an enjoyable customer experience that customers love and want to experience again. In fact, most design leaders interviewed consciously put customers first and emphasized the importance of creating an emotional bond with customers and having an advanced design practice to help support this.

forresterdesignpractice

Companies that prioritize design are also more likely to innovate and test ideas out with customers. They also invest in tools, training and systems to do this, and have design practices and processes in place to support their customer experience strategy.

Design-led firms also consciously aim to create seamless customer experiences across a variety of touchpoints and devices. Today so often customers begin a product search with a phone call, website visit from a desktop computer or visit to a store and then follow up on a smartphone or tablet. Your new customer may interact with your brand across multiple touchpoints before making a purchasing decision. Creating a seamless customer experience that adapts to how your customer finds and interacts with your business is key.

Disrupting Industries and Transforming Businesses

Design-driven startups have also disrupted industries. Uber transformed the transportation industry with a well-designed app to connect riders to drivers, while AirBnB also disrupted the hospitality industry with the idea of home rentals through an elegant website and mobile app. These companies definitely had innovative ideas, but they were able to pull in and engage customers through exceptional design and swift, intuitive user experiences.

Personalized Touch

Great design works hand in hand with great content. Your audiences connect with your company via excellent content that is personal and speaks to them individually. Together this leads to an engaging, enjoyable customer experience. This in turn,  drives connection, loyalty, ongoing engagement and revenue. 

Showing you care about your customer requires empathy and listening. In talking with your customers, you'll learn more about the decisions that led them to buy in the first place. You'll discover what both their expressed and unmet needs are. Sometimes, this in turn, will help you create a better product or service. These kinds of conversations and insight always drive better customer experiences.

Design Maturity

Through its study, Forrester identified companies with significant design-led practices as possessing 'design maturity.'  A company with design maturity prioritizes design, putting design at the core of its culture and customer experience, invests in people and processes and is constantly learning and improving. This in turn, differentiates the design-led company from others and wins over the customer by often a large margin. (Source: Adobe).

designmaturityforrester

Stand out in an increasingly competitive landscape with growing digital touchpoints and increasing customer expectations with design. Assess your brand's design maturity and follow the recommendations below to deliver best in class, design-led digital experiences that help you drive business results and growth.

When you have a design-led company, you can attain more satisfied and loyal customers, significant competitive advantages and greater market share than companies with a less mature design approach. You will also build an atmosphere that encourages innovation, continuous improvement in process, product and customer experience.

What You Can Do

If you are a C-level executive, manager or owner, here are a few recommendations to help you bring design to the forefront of your business and gain this competitive advantage over the long term.

1.) Include a variety of design roles

This ranges from visual and interactive design to research, interactive wireframing, and other processes that can help you uncover customer needs, plan and map out customer goals and execute customer experiences. Keep your definition of design broad so that you are not limited.

2.) Encourage design leadership across roles

Hire, train and support design leadership through training, mentorship, recruitment and support so that you bring in design thinking for continuous improvement.

3.) Establish cross-functional design processes

Add design capabilities throughout your organization from initial conceptualization to final execution.

 

When you lead with design, you end with great results.


Get in touch with us at business@elf.agency or submit an RFP.

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tags: design, design advantage, S&P, growth, performance, profit, innovation, planning for growth, customer experience, customer engagement, customer happiness, elf agency, elfagency, Elf, 2017, adobe, forrester research, design maturity
categories: Industry Insight
Sunday 04.23.17
Posted by Elf
 

Three Questions to Ask to Create a Business of Value

businessvalue

As we work with our clients on any endeavor, large or small, we always aim to help our clients grow. Growth goals vary by company.  For some, the goal is to grow their existing customer base and audience. For others, it is to hone in on the most effective part of their current offering and amplify it, while removing distractions and other aspects that are less useful or relevant.

Sometimes it also involves drilling down to remember why that company exists in the first place so that the people involved can do satisfying work that they excel at and to keep their companies growing for the future. This applies to everyone within the company and thus offers a better fit between employees and work; greater job and employee satisfaction; higher productivity; and higher returns. It also helps in removing unnecessary expenditures and identifying areas that are not the best utilization of resources, whether it is time, capital, human labor or a combination of all of the above.

This approach builds upon the clear strategy and advice offered by Jim Collins in the book, Good To Great. In this book, Jim lays out 3 essentials to help build a business of true value. These 3 essentials are:

- what you can do
- what you love to do
- what customers pay you well to do.

Building a business of value lies at the intersection of these three areas.  We've taken this further and adapted it for our clients. Learn more about Our Approach.

In addition to this, we also have three questions or organizing principles that we think can help in creating and updating a business.

  1. Where do you think the world is moving?

  2. What are problems that you can solve?

  3. What are some ideas you have that can be designed for a better future?


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tags: business, good to great, jim collins, value, great work, doing work you love, creating value, profit, strategy, long term growth, long term success, satisfaction, higher productivity, better return on investment, Business transformation, innovation
Monday 02.27.17
Posted by Elf
 

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