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10 Things Customer-
Obsessed Companies Do
Differently
www.thenextten.org
© The Next Ten Years Ltd. All Rights
Customer Experience Leaders Outperform the Market….
This graph illustrates that customer experience leaders outperform
the market, so the question is why are we not putting this at the
forefront of our change agenda?
© The Next Ten Years Ltd. All Rights
Customer Experience Management is an extremely
fascinating but still relatively immature field – but
nevertheless the battleground for tomorrow’s
successful companies and should be a dominant
feature on the change agenda.
Customer Experience Management in its latest
incarnation should be at least as central as any other
approach within an Organisation and the next slide
shows how we are moving from “Best Practice” to
“Next Practice”.
Customer Experience Management….
© The Next Ten Years Ltd. All Rights
Paradigm Shift – How should we think about our
company?
© The Next Ten Years Ltd. All Rights
1. They focus on customer satisfaction and
retention over customer acquisition
In a 2013 Forrester survey of global CMOs, 63%
listed acquiring new customers as their top priority,
while just 22% said retaining current customers was
their top goal. Customer-obsessed companies don’t
obsess over wanting more; they appreciate and take
care of what they’ve got, letting the brand advocates
drive new customer acquisition.
© The Next Ten Years Ltd. All Rights
2. They align brand strategy with the
customer outcome and experience
Customer-obsessed companies don’t just talk
the talk on being focused on their customers;
they walk the walk. A poll of Forrester’s
Customer Experience Council reveals that just
18% align customer outcome and experience
with the brand strategy, a necessity in creating
consistent positive customer/brand interactions
and conformational messaging.
© The Next Ten Years Ltd. All Rights
3. They are agile and connected
Customer-obsessed companies break down
siloes and create seamless service
experiences and customer experiences
across the standard and emerging channels
their customers are using every day.
© The Next Ten Years Ltd. All Rights
4. They use multiple sources of customer data to
respond in customer-friendly ways and predict
next actions
Customer-obsessed companies create a relationship
of trust. They use data to get to know and show that
they know each customer, and then they go beyond
typical “best practice” to predict and suggest best next
actions and purchases.
© The Next Ten Years Ltd. All Rights
5. They use customer intelligence to gain
insight at scale that leads to better products
over time
Customer-obsessed companies don’t just listen
to and solicit feedback; they find ways to get an
enhanced understanding then act upon it to
develop the products &services, align into all
their processes and brand their customers
desire.
© The Next Ten Years Ltd. All Rights
6. They don’t just talk about the customer
experience; they invest in it
Notes David Cooperstein in the Forrester
report, Competitive Strategy in the Age of
the Customer, “a customer-obsessed
enterprise focuses its strategy, its energy
and its budget on processes that enhance
knowledge of and engagement with
customers and prioritizes these over
maintaining traditional competitive barriers.”
© The Next Ten Years Ltd. All Rights
7. They recognize that the customer journey is
almost never a straight line
Customer-obsessed companies don’t just deliver
on Omni-channel service and support; they invest
in creating a 360-degree view of the customer that
maps the customer journey and details customer
history and feedback across all channels. Then
they use this in real-time service.
© The Next Ten Years Ltd. All Rights
8. They create a connection with the
customer post-transaction
Customer-obsessed companies focus on
customer engagement both shortly and long after
the sale. They communicate proactively and
personally in an authentic way.
© The Next Ten Years Ltd. All Rights
9. They invest in content creation over
advertising
Customer-obsessed companies develop and
deliver helpful, insightful, shareable content which
helps the customer even if they don’t get paid for it,
rather than pushing promotional content and
advertising. This is the start of the re-definition of
what marketing should be in the customer
obsessed organisation.
© The Next Ten Years Ltd. All Rights
10. They are flexible to customers’ needs
Customer-obsessed companies realize that
customer service and the customer experience
is not one-size-fits all and align their processes
and empower their staff to make sure that each
customer interaction is personalized and
satisfying.
© The Next Ten Years Ltd. All Rights
© The Next Ten Years Ltd. All Rights
Contact us…
You can find more information at: www.thenextten.org
Email info@thenextten.org or call +44 203 290 5965

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10 things Customer Obsessed Companies Do Differently

  • 1. 10 Things Customer- Obsessed Companies Do Differently www.thenextten.org
  • 2. © The Next Ten Years Ltd. All Rights Customer Experience Leaders Outperform the Market…. This graph illustrates that customer experience leaders outperform the market, so the question is why are we not putting this at the forefront of our change agenda?
  • 3. © The Next Ten Years Ltd. All Rights Customer Experience Management is an extremely fascinating but still relatively immature field – but nevertheless the battleground for tomorrow’s successful companies and should be a dominant feature on the change agenda. Customer Experience Management in its latest incarnation should be at least as central as any other approach within an Organisation and the next slide shows how we are moving from “Best Practice” to “Next Practice”. Customer Experience Management….
  • 4. © The Next Ten Years Ltd. All Rights Paradigm Shift – How should we think about our company?
  • 5. © The Next Ten Years Ltd. All Rights 1. They focus on customer satisfaction and retention over customer acquisition In a 2013 Forrester survey of global CMOs, 63% listed acquiring new customers as their top priority, while just 22% said retaining current customers was their top goal. Customer-obsessed companies don’t obsess over wanting more; they appreciate and take care of what they’ve got, letting the brand advocates drive new customer acquisition.
  • 6. © The Next Ten Years Ltd. All Rights 2. They align brand strategy with the customer outcome and experience Customer-obsessed companies don’t just talk the talk on being focused on their customers; they walk the walk. A poll of Forrester’s Customer Experience Council reveals that just 18% align customer outcome and experience with the brand strategy, a necessity in creating consistent positive customer/brand interactions and conformational messaging.
  • 7. © The Next Ten Years Ltd. All Rights 3. They are agile and connected Customer-obsessed companies break down siloes and create seamless service experiences and customer experiences across the standard and emerging channels their customers are using every day.
  • 8. © The Next Ten Years Ltd. All Rights 4. They use multiple sources of customer data to respond in customer-friendly ways and predict next actions Customer-obsessed companies create a relationship of trust. They use data to get to know and show that they know each customer, and then they go beyond typical “best practice” to predict and suggest best next actions and purchases.
  • 9. © The Next Ten Years Ltd. All Rights 5. They use customer intelligence to gain insight at scale that leads to better products over time Customer-obsessed companies don’t just listen to and solicit feedback; they find ways to get an enhanced understanding then act upon it to develop the products &services, align into all their processes and brand their customers desire.
  • 10. © The Next Ten Years Ltd. All Rights 6. They don’t just talk about the customer experience; they invest in it Notes David Cooperstein in the Forrester report, Competitive Strategy in the Age of the Customer, “a customer-obsessed enterprise focuses its strategy, its energy and its budget on processes that enhance knowledge of and engagement with customers and prioritizes these over maintaining traditional competitive barriers.”
  • 11. © The Next Ten Years Ltd. All Rights 7. They recognize that the customer journey is almost never a straight line Customer-obsessed companies don’t just deliver on Omni-channel service and support; they invest in creating a 360-degree view of the customer that maps the customer journey and details customer history and feedback across all channels. Then they use this in real-time service.
  • 12. © The Next Ten Years Ltd. All Rights 8. They create a connection with the customer post-transaction Customer-obsessed companies focus on customer engagement both shortly and long after the sale. They communicate proactively and personally in an authentic way.
  • 13. © The Next Ten Years Ltd. All Rights 9. They invest in content creation over advertising Customer-obsessed companies develop and deliver helpful, insightful, shareable content which helps the customer even if they don’t get paid for it, rather than pushing promotional content and advertising. This is the start of the re-definition of what marketing should be in the customer obsessed organisation.
  • 14. © The Next Ten Years Ltd. All Rights 10. They are flexible to customers’ needs Customer-obsessed companies realize that customer service and the customer experience is not one-size-fits all and align their processes and empower their staff to make sure that each customer interaction is personalized and satisfying.
  • 15. © The Next Ten Years Ltd. All Rights
  • 16. © The Next Ten Years Ltd. All Rights Contact us… You can find more information at: www.thenextten.org Email info@thenextten.org or call +44 203 290 5965