The document discusses the importance of customer experience (CX) and perception for Chief Marketing Officers (CMOs). It defines CX as how customers perceive their interactions with a company over their relationship. The CMO owns customer perception and must capture customer data and insights to improve CX. To do so, CMOs should focus on answering four fundamental questions about their customers: what high-performing customers look like, the customer journey, desired outcomes in interactions, and experience expectations. By accurately answering these questions, CMOs can lead effective CX strategies and positively impact how customers perceive their company.