What is customer experience and why is it a much talked about subject these days? How should customer experience be measured and what are some of the best customer experience examples over the world?
The 5 Conversations You Need To Be Having With Your CustomersIncept
The document discusses the importance of conversational marketing and developing strong relationships with customers through five key conversations: acquire, appreciate, retain, convert, and reactivate. It argues that customer relationships are built on conversations and categorizing conversations can improve customer relationship value and the overall customer base value. It then provides details on each of the five conversation types and how to properly execute them to positively impact key performance indicators like cost per acquisition, lifetime customer value, churn, average revenue per customer, and monthly recurring revenue.
Customer Engagement Raveolution - Thomas RebelRant & Rave
Thomas Rebel, the Customer Director at Effortless Home Assistance, discusses how to overcome customer engagement disasters and thrive. He recommends listening to customers through rant and rave surveys across all touch points to understand effort scores and verbatim feedback. While positive feedback and customer-focused incentives are good, the key is using survey data to drive process changes and resolve customer issues rather than cherry picking good reviews or relying on subjective scores.
The document discusses how to build a challenger brand that challenges the status quo. It notes that trust is difficult to earn but easy to lose. The brand discussed, OVO, has focused on sharing savings with customers through technology and fair prices while getting to know customers, relying on word-of-mouth advertising. The company believes technology and customer service are key to maintaining trust into the future.
This document discusses improving customer experience and reducing customer churn through capturing customer feedback. It notes that capturing the voice of all customers, including those who don't provide feedback, is important to prevent mistrust. Acting on customer feedback is also important. The document presents examples where capturing customer feedback through multiple channels resulted in reduced customer dropout and churn rates, higher response rates, and improvements to business processes and complaints handling.
The Challenger Sale - A different kind of buying has emergedAshish Mathur
This document discusses research into sales behaviors and profiles. It found that "Challenger" sales representatives, who use disruptive insights to challenge customers' assumptions and take back control of conversations, are most likely to be high performers. Specifically:
- "Challenger" reps outperformed all other profiles, with 39% being high performers compared to 15-26% for other profiles.
- The key behaviors of "Challenger" reps are offering unique perspectives, maintaining two-way communication, knowing customer value drivers, identifying economic drivers, being comfortable discussing money, and putting pressure on customers.
- CEB helps companies develop "Challenger" skills in their sales teams to better engage customers and
Partials vs Buyer Data, Best Way to Monetize LeadsAffiliate Summit
This presentation is from Affiliate Summit East 2015 (August 2-4, 2015 in New York, NY). Session description: How to properly monetize the leads before and after the sale.
How to measure your customer experienceDanielaGuido
TeleFaction offers companies tools to increase customer satisfaction, loyalty, and sales through real-time customized feedback. They listen to customers to understand their experiences. The presentation discusses why managing customer experiences is important, compares customer experience management to customer relationship management, and provides a case study of how Danske Bank uses feedback to improve customer satisfaction. It also provides tips on how to successfully manage customer experiences.
Customer centricity marketing masterclass in LisbonMichael Leander
These are slides from the Marketing Customer Centricity Masterclass in Lisbon, Portugal. Organized by Mediapost Portugal and presented by Michael Leander with Antoine Blanchys.
The 5 Conversations You Need To Be Having With Your CustomersIncept
The document discusses the importance of conversational marketing and developing strong relationships with customers through five key conversations: acquire, appreciate, retain, convert, and reactivate. It argues that customer relationships are built on conversations and categorizing conversations can improve customer relationship value and the overall customer base value. It then provides details on each of the five conversation types and how to properly execute them to positively impact key performance indicators like cost per acquisition, lifetime customer value, churn, average revenue per customer, and monthly recurring revenue.
Customer Engagement Raveolution - Thomas RebelRant & Rave
Thomas Rebel, the Customer Director at Effortless Home Assistance, discusses how to overcome customer engagement disasters and thrive. He recommends listening to customers through rant and rave surveys across all touch points to understand effort scores and verbatim feedback. While positive feedback and customer-focused incentives are good, the key is using survey data to drive process changes and resolve customer issues rather than cherry picking good reviews or relying on subjective scores.
The document discusses how to build a challenger brand that challenges the status quo. It notes that trust is difficult to earn but easy to lose. The brand discussed, OVO, has focused on sharing savings with customers through technology and fair prices while getting to know customers, relying on word-of-mouth advertising. The company believes technology and customer service are key to maintaining trust into the future.
This document discusses improving customer experience and reducing customer churn through capturing customer feedback. It notes that capturing the voice of all customers, including those who don't provide feedback, is important to prevent mistrust. Acting on customer feedback is also important. The document presents examples where capturing customer feedback through multiple channels resulted in reduced customer dropout and churn rates, higher response rates, and improvements to business processes and complaints handling.
The Challenger Sale - A different kind of buying has emergedAshish Mathur
This document discusses research into sales behaviors and profiles. It found that "Challenger" sales representatives, who use disruptive insights to challenge customers' assumptions and take back control of conversations, are most likely to be high performers. Specifically:
- "Challenger" reps outperformed all other profiles, with 39% being high performers compared to 15-26% for other profiles.
- The key behaviors of "Challenger" reps are offering unique perspectives, maintaining two-way communication, knowing customer value drivers, identifying economic drivers, being comfortable discussing money, and putting pressure on customers.
- CEB helps companies develop "Challenger" skills in their sales teams to better engage customers and
Partials vs Buyer Data, Best Way to Monetize LeadsAffiliate Summit
This presentation is from Affiliate Summit East 2015 (August 2-4, 2015 in New York, NY). Session description: How to properly monetize the leads before and after the sale.
How to measure your customer experienceDanielaGuido
TeleFaction offers companies tools to increase customer satisfaction, loyalty, and sales through real-time customized feedback. They listen to customers to understand their experiences. The presentation discusses why managing customer experiences is important, compares customer experience management to customer relationship management, and provides a case study of how Danske Bank uses feedback to improve customer satisfaction. It also provides tips on how to successfully manage customer experiences.
Customer centricity marketing masterclass in LisbonMichael Leander
These are slides from the Marketing Customer Centricity Masterclass in Lisbon, Portugal. Organized by Mediapost Portugal and presented by Michael Leander with Antoine Blanchys.
Communication with Customers + Customer Feedback = Better CX | SoGoSurveySogolytics
Ready to deliver a better customer experience? Communicate with your customers and act on their feedback, and you'll know how to spend your time and resources.
This SlideShare presentation is an extract of the content I use to train sales people, sales leaders, and executives on a sales and buyer research model for today's dynamic sales environment.
Break through the marketplace noise and emerge as the premiere choice in banking. We will discuss ways to identify what makes you different, the questions to ask and how to communicate it to the marketplace.
5 Data-Backed Tips for Better Phone Based Sales PresentationsRebecca Matias
Up your game in phone presentations because there’s just no substitute for the convenience and efficiency that it delivers. Phone calls still plays a key role in the selling process
Financial services customers and their emotionsRant & Rave
This document discusses the importance of customer emotions in financial services and how to turn transactions into relationships. It argues that while companies already consider emotions in customer experiences, they may not be the right ones. To be successful, companies need to focus on delivering intentional, differentiated experiences that meet customer expectations and exceed them emotionally. This requires measuring customer experiences, having cross-functional governance, and focusing on customers at every stage by considering how changes will make them and employees feel. Getting the functional basics right consistently is key to eliciting the right emotions that drive positive customer behaviors and loyalty.
What Is Customer Effort Score and How Do You Measure CES?Kayako
What is customer effort score (CES)?
This metric shows how much effort the customer thinks they had to put in to have their problem resolved. It’s a survey question “How easy was it for you to get your problem solved?” (scale of 1 to 5)
Why should you measure customer effort scores?
Knowing your CES allows you to see what needs to be done to improve the way your support team interacts with your customers.
It is a strong predictor of future customer loyalty – those with high effort scores are less likely to become return customers.
Learn everything you need to know about customer service metrics: https://blog.kayako.com/customer-support-metrics/
The document discusses how frequency builds trust and the role of permission in facilitating frequency in marketing. It argues that trust is built through a process that requires time, commitment, and frequent advertising to create awareness, familiarity, and ultimately trust. Permission marketing allows for more effective and efficient frequency by ensuring audiences want to receive frequent communications, thereby building trust over time through consistent messaging.
This document discusses the journey of transforming from a product-centric to a customer-centric approach. It outlines the hard aspects of the initial transformation, such as improving data quality and access. Incremental improvements were then made, like customizing data sets and implementing agile reporting. These led to positive outcomes, including gaining new partners and signing off on new data within days. However, some challenges remained, like only serving certain customer channels. Overall, the transformation resulted in better serving customers everyday and building new relationships and revenue through a more customer-centric approach.
This document discusses research from CEB on how to improve sales performance in complex sales environments. It found that sales reps with a "Challenger" approach, who challenge customers' assumptions and take control of conversations, are most likely to be high performers. These Challenger reps use disruptive insights to push customers' thinking and lead them back to the seller's strengths. The document also outlines CEB's services to help companies develop Challenger reps, including training, content development, and implementation support.
This document discusses the changing nature of sales and what customers want from sellers. It finds that customers now do more of their own research before engaging with salespeople. It also outlines five types of sales representatives and finds that "challenger" reps, who offer unique perspectives and push customers, are most likely to succeed, especially in complex sales. It promotes a "challenger selling" approach of teaching customers rather than just presenting solutions in order to better address customer needs and drive growth.
Reg Price, co-founder of MirrorWave, believes that many customer feedback programs have such low response rates that they do not provide meaningful feedback. Response rates below 50% should prompt companies to reconsider such surveys. Traditional methods like Net Promoter Score are annoying for participants and often do not reflect true listening. To improve response rates and create a true listening mindset, companies should allow open-ended customer feedback, reflect back past comments to customers, and ask follow up questions to demonstrate listening. This increased engagement will improve customer retention, spending, and reduce costs.
Solving the #1 marketing challenge in the roofing industryRoofAmp
Many Roofing contractors today say that they need more leads, the leads they get are junk. When we look at their lead flow, we find that they are getting plenty of leads, calls, and chats. The issue is that they can't follow up on the leads fast enough. Often it's 1 hour or 1 day before they respond and as a result, the homeowner has already found a roofer to complete the job. We go over in this presentation the problems that prevent roofers from growing, how to solve those problems, and what the real financial impact on their business can be if they automate the follow-up using RoofAmp, the #1 marketing automation software for Roofers.
The Challenger ™ Sale – How to take control of the sales processDennis Stoutjesdijk
The Challenger ™ Sale – How to take control of the sales process - CEB
The classic relationship building approach to solution selling has become obsolete. To be successful today, sales reps need to provide valuable new insights to their customers and they must challenge them with new perspectives. CEB’s Challenger Sale approach shows you how to open up new opportunities, create organisational capability and successfully take control of the sales process with the right stakeholders.
Email marketing presentation delivered at Email Expo in Frankfurt. Presented to a small audience of email marketing interested brands and email marketing experts from attending exhibitors.
Videos are found at www.marketingtelly.com
What are customer value, satisfaction, and loyalty, and how can companies del...Sameer Mathur
The document discusses customer value, satisfaction, and loyalty. It defines customer perceived value as the difference between the benefits and costs of an offering compared to alternatives. Companies can deliver customer value by focusing on a customer-oriented organization structure with customers and frontline employees prioritized over top management. Customer perceived value is determined by comparing total customer benefits like product benefits to total customer costs like monetary and time costs. The document also defines loyalty as a commitment to rebuy a preferred product/service and satisfaction as products meeting or surpassing a customer's expectations. It recommends monitoring satisfaction using measurement techniques and addressing customer complaints to influence satisfaction.
The document discusses the importance of measuring customer satisfaction through Net Promoter Score (NPS). It notes that customer experience is shaped by every interaction and that 56% of unhappy customers will tell others about their poor experiences. NPS measures customer satisfaction and likelihood to recommend by asking customers to rate how likely they are to recommend a company to friends. The system sorts customers into promoters, passives, and detractors to identify problem areas and drive improvements. Regular NPS tracking helps organizations prioritize customers and change behaviors to keep a focus on delivering positive experiences.
Practical Strategies to Address the Top 10 Issues Facing Banks TodayIntegrity Solutions
Ideas to shift from a transactional to a customer-focused culture and relationship-based selling. Five qualities of a customer-centered culture. Four questions to gauge where your organization is today.
How Can Customer Centricity Be Profitable?Monetate
Watch the webinar: http://monetate.com/webinar/how-can-customer-centricity-be-profitable/
Marketing leaders crave to know their customers better, focus on the right buyers, and maximize customer lifetime value. So how can you make being more customer-centric work for your business?
Hear Peter Fader, Professor of Marketing at the Wharton School of the University of Pennsylvania, discuss the tactical “building blocks” underlying customer centricity as well as important insights about the interplay among them. Professor Fader will highlight a number of actionable suggestions to help companies make effective and efficient use of:
• Customer acquisition programs;
• Customer retention; and
• Customer development.
Learn how to understand your customers at a more granular level by discovering segments that are the most valuable, and then deliver different products, services, and offers to them. The result? Become more customer-centric and more profitable!
Client Retention is one of the most important aspects of every business. Becoming pro-active with clients and making sure that each business is retained, is very important for every business owner.
Communication with Customers + Customer Feedback = Better CX | SoGoSurveySogolytics
Ready to deliver a better customer experience? Communicate with your customers and act on their feedback, and you'll know how to spend your time and resources.
This SlideShare presentation is an extract of the content I use to train sales people, sales leaders, and executives on a sales and buyer research model for today's dynamic sales environment.
Break through the marketplace noise and emerge as the premiere choice in banking. We will discuss ways to identify what makes you different, the questions to ask and how to communicate it to the marketplace.
5 Data-Backed Tips for Better Phone Based Sales PresentationsRebecca Matias
Up your game in phone presentations because there’s just no substitute for the convenience and efficiency that it delivers. Phone calls still plays a key role in the selling process
Financial services customers and their emotionsRant & Rave
This document discusses the importance of customer emotions in financial services and how to turn transactions into relationships. It argues that while companies already consider emotions in customer experiences, they may not be the right ones. To be successful, companies need to focus on delivering intentional, differentiated experiences that meet customer expectations and exceed them emotionally. This requires measuring customer experiences, having cross-functional governance, and focusing on customers at every stage by considering how changes will make them and employees feel. Getting the functional basics right consistently is key to eliciting the right emotions that drive positive customer behaviors and loyalty.
What Is Customer Effort Score and How Do You Measure CES?Kayako
What is customer effort score (CES)?
This metric shows how much effort the customer thinks they had to put in to have their problem resolved. It’s a survey question “How easy was it for you to get your problem solved?” (scale of 1 to 5)
Why should you measure customer effort scores?
Knowing your CES allows you to see what needs to be done to improve the way your support team interacts with your customers.
It is a strong predictor of future customer loyalty – those with high effort scores are less likely to become return customers.
Learn everything you need to know about customer service metrics: https://blog.kayako.com/customer-support-metrics/
The document discusses how frequency builds trust and the role of permission in facilitating frequency in marketing. It argues that trust is built through a process that requires time, commitment, and frequent advertising to create awareness, familiarity, and ultimately trust. Permission marketing allows for more effective and efficient frequency by ensuring audiences want to receive frequent communications, thereby building trust over time through consistent messaging.
This document discusses the journey of transforming from a product-centric to a customer-centric approach. It outlines the hard aspects of the initial transformation, such as improving data quality and access. Incremental improvements were then made, like customizing data sets and implementing agile reporting. These led to positive outcomes, including gaining new partners and signing off on new data within days. However, some challenges remained, like only serving certain customer channels. Overall, the transformation resulted in better serving customers everyday and building new relationships and revenue through a more customer-centric approach.
This document discusses research from CEB on how to improve sales performance in complex sales environments. It found that sales reps with a "Challenger" approach, who challenge customers' assumptions and take control of conversations, are most likely to be high performers. These Challenger reps use disruptive insights to push customers' thinking and lead them back to the seller's strengths. The document also outlines CEB's services to help companies develop Challenger reps, including training, content development, and implementation support.
This document discusses the changing nature of sales and what customers want from sellers. It finds that customers now do more of their own research before engaging with salespeople. It also outlines five types of sales representatives and finds that "challenger" reps, who offer unique perspectives and push customers, are most likely to succeed, especially in complex sales. It promotes a "challenger selling" approach of teaching customers rather than just presenting solutions in order to better address customer needs and drive growth.
Reg Price, co-founder of MirrorWave, believes that many customer feedback programs have such low response rates that they do not provide meaningful feedback. Response rates below 50% should prompt companies to reconsider such surveys. Traditional methods like Net Promoter Score are annoying for participants and often do not reflect true listening. To improve response rates and create a true listening mindset, companies should allow open-ended customer feedback, reflect back past comments to customers, and ask follow up questions to demonstrate listening. This increased engagement will improve customer retention, spending, and reduce costs.
Solving the #1 marketing challenge in the roofing industryRoofAmp
Many Roofing contractors today say that they need more leads, the leads they get are junk. When we look at their lead flow, we find that they are getting plenty of leads, calls, and chats. The issue is that they can't follow up on the leads fast enough. Often it's 1 hour or 1 day before they respond and as a result, the homeowner has already found a roofer to complete the job. We go over in this presentation the problems that prevent roofers from growing, how to solve those problems, and what the real financial impact on their business can be if they automate the follow-up using RoofAmp, the #1 marketing automation software for Roofers.
The Challenger ™ Sale – How to take control of the sales processDennis Stoutjesdijk
The Challenger ™ Sale – How to take control of the sales process - CEB
The classic relationship building approach to solution selling has become obsolete. To be successful today, sales reps need to provide valuable new insights to their customers and they must challenge them with new perspectives. CEB’s Challenger Sale approach shows you how to open up new opportunities, create organisational capability and successfully take control of the sales process with the right stakeholders.
Email marketing presentation delivered at Email Expo in Frankfurt. Presented to a small audience of email marketing interested brands and email marketing experts from attending exhibitors.
Videos are found at www.marketingtelly.com
What are customer value, satisfaction, and loyalty, and how can companies del...Sameer Mathur
The document discusses customer value, satisfaction, and loyalty. It defines customer perceived value as the difference between the benefits and costs of an offering compared to alternatives. Companies can deliver customer value by focusing on a customer-oriented organization structure with customers and frontline employees prioritized over top management. Customer perceived value is determined by comparing total customer benefits like product benefits to total customer costs like monetary and time costs. The document also defines loyalty as a commitment to rebuy a preferred product/service and satisfaction as products meeting or surpassing a customer's expectations. It recommends monitoring satisfaction using measurement techniques and addressing customer complaints to influence satisfaction.
The document discusses the importance of measuring customer satisfaction through Net Promoter Score (NPS). It notes that customer experience is shaped by every interaction and that 56% of unhappy customers will tell others about their poor experiences. NPS measures customer satisfaction and likelihood to recommend by asking customers to rate how likely they are to recommend a company to friends. The system sorts customers into promoters, passives, and detractors to identify problem areas and drive improvements. Regular NPS tracking helps organizations prioritize customers and change behaviors to keep a focus on delivering positive experiences.
Practical Strategies to Address the Top 10 Issues Facing Banks TodayIntegrity Solutions
Ideas to shift from a transactional to a customer-focused culture and relationship-based selling. Five qualities of a customer-centered culture. Four questions to gauge where your organization is today.
How Can Customer Centricity Be Profitable?Monetate
Watch the webinar: http://monetate.com/webinar/how-can-customer-centricity-be-profitable/
Marketing leaders crave to know their customers better, focus on the right buyers, and maximize customer lifetime value. So how can you make being more customer-centric work for your business?
Hear Peter Fader, Professor of Marketing at the Wharton School of the University of Pennsylvania, discuss the tactical “building blocks” underlying customer centricity as well as important insights about the interplay among them. Professor Fader will highlight a number of actionable suggestions to help companies make effective and efficient use of:
• Customer acquisition programs;
• Customer retention; and
• Customer development.
Learn how to understand your customers at a more granular level by discovering segments that are the most valuable, and then deliver different products, services, and offers to them. The result? Become more customer-centric and more profitable!
Client Retention is one of the most important aspects of every business. Becoming pro-active with clients and making sure that each business is retained, is very important for every business owner.
Automotive Social Media Marketing Presentation from 2010 NADA ConventionRalph Paglia
This is the Automotive Social Media Marketing, Online Reputation Management, Internet Reputation Management, and Car Dealer Reputation Management Presentation from Ralph Paglia's workshops at the 2010 NADA Convention in Orlando, FL... Learn more about automotive social media and how car dealers can successfully leverage this channel to achieve their marketing, communication and customer relationship management (CRM) objectives at http://www.ADPsocial.com/ and check out the official site at http://www.SocialDealer.BZ
1) The document provides guidance on customer service skills for library staff. It emphasizes that the library's mission is to serve the public and provide free access to materials and information without discrimination.
2) Basic greetings and offering help to patrons in a friendly manner are important for meeting and engaging with patrons. Staff should acknowledge patrons and offer assistance.
3) When handling phone calls, staff should answer promptly, identify themselves, speak with a friendly tone, offer to find information for callers, and thank callers before ending the call.
The document discusses the importance of customer service attitude and techniques. It emphasizes that customer service is not just a department, but an attitude that must be held by all. It provides tips for handling difficult customer types, such as interrupters and assumers. The document also outlines best practices for maintaining superior customer relationships through communication, accessibility, knowledge, reliability and empathy. It stresses focusing on customer needs above all.
This document outlines a strategic methodology for developing a voice of the customer (VOC) program. It discusses the importance of understanding customers' wants and needs through qualitative and quantitative research. A VOC program provides a complete, prioritized understanding of customers in their own words. The methodology involves gathering customer data and feedback from multiple channels, analyzing insights into frameworks, developing customer segments, and identifying strategic themes to improve the customer experience. The goal is to better understand drivers of customer satisfaction and opportunities.
The document discusses various strategies for improving customer retention rates. It outlines factors that influence customer retention such as service quality, satisfaction, and loyalty. It then describes several models for understanding the customer retention process and analyzing customer value and segmentation. Finally, it provides examples of tactics for enhancing retention rates such as customer relationship management, targeted programs, and measuring retention through metrics like lifetime value and RFM analysis.
A Better Approach to Customer RetentionFramed Data
Welcome to part 1 of 6 for our How to Improve User Retention series. Each week, we’ll provide a new post with best practices, advice, and real examples on how to keep your customers happy, engaged, and buzzing about your product. We’ll chat about high level planning strategy, how to apply specific advice, and point you to some of the web’s best tools. Enjoy!
On average, U.S. corporations lose 10-30% of their customers every year. Raising customer retention rates by 5% can increase lifetime customer value by 25-100%. Customer loyalty is measured by their purchasing patterns and can range from undivided loyalty to indifference. Maintaining customer loyalty requires focusing on satisfaction, trust, and emotional bonding through consistent customer experiences. Successful customer retention strategies center around creating engaging experiences, transparency, education over sales, and prioritizing customer needs.
This document outlines 7 pillars of customer service: 1) Develop a customer service mission statement, 2) Ensure customer service has the proper attitude and action, 3) Provide base training for employees, 4) Coach employees, 5) Send creative thank you's, 6) Perform functional walkthroughs, and 7) Engage with customers. It emphasizes the importance of going above and beyond for customers to build loyalty and advocates training employees to learn more about each customer. Real-world examples are provided to illustrate how following these pillars can significantly increase sales and improve customer relationships.
ReadySetPresent (Customer Service PowerPoint Presentation Content): 100+ PowerPoint presentation content slides. Knowing what your customer wants and needs is the number one factor to excellent customer service. Only by improving one’s customer service can your business develop. Customer Service PowerPoint Presentation Content slides include topics such as: understanding the basics of effective customer service, knowing customer wants and expectations, the 4 steps to super service, 10+ slides on what to say and addressing excuses, 10+ slides on implementing a program and examining behaviors, 7 practical steps to customer service, 30 slides on performance standards and quality, looking to the future, Q& A’s, 5 slides on increasing customer satisfaction, the top ten customer complaints, the five most common customer requests, 4 steps to super service, how to's and more!
The document summarizes key insights from the 2014 Total Customer Experience Summit. It discusses how understanding the customer experience across all touchpoints can impact brands. It then provides 8 insights from the summit on improving the customer experience: 1) Build relationships by understanding customer emotional needs, 2) Give customer service representatives authority to resolve issues, 3) Your brand is how customers feel, 4) Save customers time, 5) Use customer feedback to resolve issues and improve, 6) Map the customer journey to find highlights and trouble spots, 7) Engaged employees are brand ambassadors, 8) Iterate improvements continuously. The overall message is that focusing on the customer experience and relationships can impact brands.
Customer experience is basically a universal
consequence of the association between a brand and
its client. All subdivisions of an organization
communicate with their clienteles from its individual
viewpoint. Customer Experience Management is a
course of observing and inventing the communication
with consumers from their point of view.
How to measure customer experience to improve satisfaction and loyaltydigbyj
This document discusses how to improve customer experience to increase satisfaction and loyalty. It recommends measuring customer experience through real-time feedback to identify issues and opportunities. Customer experience management focuses on individual customer needs rather than just sales and profits. Metrics and feedback should guide how the company redesigns customer interactions. Technology can also optimize experiences if used to enhance service quality rather than just monitor compliance. The key is using feedback to change employee behaviors to better satisfy customers.
The document discusses customer relationship management (CRM) and provides several key points about CRM:
- CRM involves developing long-term, mutually beneficial relationships with strategically significant customers through open communication and feedback.
- Trust, value, understanding customer needs, honesty, and a long-term perspective are important determinants of CRM.
- Managing customer relationships involves initiating relationships, developing them over various stages, and enhancing relationships over time.
This document discusses cultivating customer loyalty through social media engagement and quality customer service. It emphasizes that customer satisfaction is key to sales and avoiding negative social media can lead to dissatisfied customers. The document recommends implementing tools like TED talks and thought leadership blogs to increase sales and show customers the company values them. It also stresses the importance of leaving scripts, articulating vision, learning from feedback, and integrating human connection with technology to build loyalty and produce sales.
Customer experience is defined as a customer's internal and subjective response to any direct or indirect contact with a company. Customer satisfaction occurs when a customer's expectations are met or exceeded through positive experiences. There are three patterns for collecting customer experience information: persistent, periodic, and pulsed. Customer experience management is the process companies use to track, oversee, and manage every customer interaction throughout the customer lifecycle to meet or exceed customer expectations and build loyalty. It differs from customer relationship management in that it focuses on capturing what customers think rather than what a company knows and takes place during interactions rather than after.
Customer Care ... CRM ... Customer Experience -- What's the Difference?ClearAction
All organizations can reach higher potential by carefully managing all of the dimensions of customer knowledge, customer well-being, and customer profitability. Make sure CEM is integrated in your strategies and culture. See http://ClearActionCX.com
The document discusses customer relationship management (CRM) and how social media and digital transformation are impacting businesses' relationships with customers. It provides examples of how some companies are using social media to enhance customer engagement and experience. The key points discussed include:
- CRM aims to build long-term, profitable relationships with customers by understanding their needs and providing superior customer service.
- For CRM to be effective, companies must decide what customer information to collect and how to use it. Many CRM projects fail because of this.
- Social CRM focuses on engaging customers in collaborative conversations to provide mutual value through trusted and transparent interactions.
- Several companies, like KLM and Fiskars, are highlighted for how
The document discusses the importance of customer experience for businesses. It notes that customer satisfaction, brand loyalty, and revenue generation are key objectives. While recognizing customer priorities is important, businesses must also determine how to design customer experiences that achieve their goals. The document outlines different approaches leaders take to customer experience and stresses that effective delivery involves coordination across departments. It emphasizes the need to closely listen to customer feedback to continuously improve experiences.
This chapter discusses how companies can build customer satisfaction, value, and retention. It addresses defining customer value and satisfaction, the characteristics of high-performance businesses, delivering customer value through the value chain and value delivery network, attracting and retaining customers through relationship management, and investing in customer relationships. The key aspects discussed are perceived customer value, satisfaction, lifetime value, relationship equity, and cross-departmental participation in integrating customer feedback.
The document discusses the purpose of jobs and employment. It states that employers only handle money and distribute wages, but customers are the real source of income and reason for employment. Employees exist to make or do things for other people, namely customers. So while employers provide wages, customers are the true source of an employee's income and job through their spending and support of the business.
suitecx Thought Leadership: Balancing Customer Needssuitecx
While research has proven that a focus on improving customer experience directly impacts the bottom line, achieving the organizational and cultural change required to become fully customer centric is not an easy process. It is critical to get all key departments aligned on your customer experience strategy.
The document discusses integrating digital media and customer relationship management (CRM) to improve customer retention. It provides an agenda on understanding integration of digital marketing, identifying and targeting customers, testing methods, and measuring return on investment. It then introduces the speakers, Thom Poole and Jonathan Richards, and their backgrounds in digital marketing, CRM, and business systems implementation.
The document discusses how to create an effective customer experience. It recommends having a clear customer experience vision and understanding who your customers are. It also stresses the importance of creating an emotional connection with customers, capturing real-time feedback, using a quality framework to develop your team, acting on employee feedback, and measuring the ROI of delivering a great customer experience.
Customer experiences are more important than product features in building customer loyalty. Creating superior customer experiences requires a customer-centric approach across all business functions and touchpoints. There are seven types of customer experiences - sensory, emotional, intellectual, behavioral, social, symbolic, and functional - each influenced by different factors. Companies must understand these experiences and strategically design "wow moments" at key touchpoints to delight customers and strengthen emotional bonds with the brand.
Customer experience improvement can—and does— drive bottom-line results. So how can we prove that making customers happier can make you and your shareholders happier too?
Using online community to optimize the customer experience provides some of the most innovative and collaborative ways organizations can leverage their consumers to meet business goals.
Marketing 101 chapter2 building customer satisfactionMarivic Macale
The document discusses building customer satisfaction through quality, service, and value. It discusses determining customer value and satisfaction, as well as customer delivered value. It also discusses ways to achieve highly satisfied customers through customer focus, tracking expectations and satisfaction, and improving processes. The key is developing strong customer relationships through retention strategies like reducing customer defection rates.
The document discusses customer relationship management (CRM). It defines CRM as developing long-term relationships with customers to deliver superior customer value and profit. CRM is a business philosophy based on understanding individual customer needs through open communication. The key determinants of successful CRM are trust and value. Salespeople play an important role in identifying customer needs, building relationships, and enhancing customer satisfaction over time from the initial relationship stage through to the long-term stage.
Strategic Thinking and Strategic Thinking led Management are critical for long term growth and sustainability for an individual as well as an organization. This deck introduces the concept and its element in a crisp and concise manner and it is from a recent webinar i conducted on Strategic Thinking,
Kapferer's Brand Identity Prism for LIC and Fair & LovleyDr. Tapish Panwar
Kapferer's Brand Identity Prism is a model that examines a brand from both the sender's and receiver's perspectives. It considers the brand identity projected by the brand itself versus the brand image perceived by customers. The prism has six facets: Physique, Personality, Culture, Relationship, Reflection, and Self-Image. Physique and Personality make up the brand identity, while Culture and Relationship link identity to image. Reflection and Self-Image comprise brand image. The document applies this framework to analyze the identities of LIC and Fair & Lovely brands. It also discusses how the model can be used to identify gaps and improve a brand's positioning and communication effectiveness.
Blockchain is the new buzzword. I have tried to simply it for you. I have tied to break the concept down to a simplistic level and then tried to use the understanding to imagine its application in the field of Marketing.
Starbucks is known for its progressive and liberal thinking and its association with various causes. However, its "RaceTogether" campaign had to face people's ire.This presentation is an attempt to explain the the issue.
For Reference. Why Sales and Marketing Jobs exist and what career options you have after you MBA in Sales and Marketing. Best of luck to the MBA aspirants and students.
This document discusses segmentation, targeting, and positioning as marketing strategies. It defines segmentation as dividing a market into homogeneous groups. Targeting involves selecting the most profitable market segments. Positioning designs a company's offering and communications to occupy a distinctive position in customers' minds. The document provides examples of how to segment based on demographics, psychographics, and behaviors. It also discusses factors to consider when targeting segments, such as growth potential, size, and costs. Positioning strategies like points of difference, points of parity, and perceptual mapping are also outlined.
This document discusses customer experience (CX) and how it differs from customer service (CS). It provides examples of key aspects of CX including buying channels, communication, product usage, and price perception. CX aims to improve the customer experience at all touchpoints, while CS focuses on the post-purchase process. To build a distinct CX, the document recommends creating an organization-wide CX definition, training employees, setting CX targets, establishing a dedicated CX team, and communicating the CX culture to customers. Distinct CX can provide commercial benefits like increased customer loyalty, brand advocacy, revenue growth, and market share expansion.
The document discusses global container shipping, challenges, and marketing opportunities. It provides information on the history and evolution of container shipping. Key points covered include the types of container ships, major trade routes and ports, the role of container shipping in supply chain management, and the leading global freight forwarders. Challenges facing the shipping industry such as changing customer needs, capacity utilization issues, and talent retention are examined. The document concludes with suggestions for marketing opportunities in areas like sustainability, end-to-end services, customer-centric solutions, and innovative operations.
The Indian e-commerce sector has seen significant investment and growth in recent years, raising questions around whether it represents a boom or bubble. While companies like Flipkart and Snapdeal have raised billions in funding and seen high valuations, they also reported significant losses in 2014. There are positive factors like India's young population and rising incomes, but also challenges around infrastructure, regulations, and the need to eventually become profitable. Overall the document cautions against overly exuberant comparisons to China's e-commerce growth, arguing India's market and users are still nascent compared to China, and profitability and a sustainable growth plan will be important for the long-term success of the sector.
Marketing failures tells us how even the most brilliant marketers commit mistakes which can turn into major failures for brands. The first deck on marketing failures describes what is sometimes known as the "Biggest Marketing Blunder of All Times". Hard to believe that it comes from one of the best marketers of current time, Coca-Cola. How the introduction of New Coke after abandoning its century-old beverage backfired and what led to that decision are some of the points dicussed.
This is concise comparative analysis of health food drinks in India. The deck contains briefs on health food and Health food drinks followed by analysis of major HFD Brands in India and their marketing approaches. The deck concludes with challenges, opportunities and key success factors in the Indian Health Food drinks Industry.
The document discusses setting up a cement manufacturing unit in India. It provides an overview of the cement industry and outlines the process for incorporating a cement company, including registering with the Registrar of Companies and obtaining necessary approvals. It also discusses India's industrial policies relating to licensing, locations, and incentives for special economic zones. Relevant labor laws and legal challenges are also mentioned.
Continuous replenishment and vendor managed inventoryDr. Tapish Panwar
This document discusses the implementation of a vendor managed inventory (VMI) system between a global energy management specialist company and its distributors. Key benefits included decreased stockouts and inventory levels for distributors through improved forecasting, as well as workload and cost reductions. The VMI system provided visibility into sales data to help manufacturers plan production more efficiently. The implementation led to stronger partnerships between companies in the supply chain.
The document discusses India's growth story before and after economic liberalization in 1991. It describes how India moved from a closed socialist-inspired economy with high import duties and public sector dominance to a more open, privatized and globalized economy after 1991. This economic reform led to significantly higher GDP growth rates, especially in industry and agriculture. However, it also led to rising inequality within India and concerns about whether the benefits of growth are being shared widely enough. The document examines debates around whether globalization and financial liberalization increase or decrease inequality and the various factors that influence this relationship. It emphasizes the need for inclusive growth that broadly distributes the benefits of economic progress.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
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Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
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How to Implement a Real Estate CRM SoftwareSalesTown
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Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
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Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
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2. A customer experience is an interaction between an organization and its customer at multiple touch points
covering a customer’s end to end journey with the organization
Advantages of an effective customer experience created includes but are not limited to – easing customer
acquisition, driving customer loyalty and improving customer retention
Customer experience is what is perceived by the customer through his conscious and subconscious mind
Customer experience must not be mistaken as rational performance of the organization while interacting with
the customer, instead it is wholly a customer side measure
Customer experience is the cumulative impact of multiple touch-points over time, which result in a real
relationship feeling, or lack of it
Customer Experience
Sources – Customerthink, Temkin, HBR, Forbes
3. Measuring Customer Experience
KPMG Nunwood is
the world’s first full-
service customer
experience
management
consultancy
Temkin Group’s
Insight report
publishes annual
customer
experience ratings
for top US
companies
NunwoodTemkin
Pillars of Customer experience measurement
Drivers of Customer experience Sources – Customerthink, Temkin, HBR, Forbes
4. There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere
else - Sam Walton
If-then algorithms to
respond to various
customer situations in
a pre-defined manner
leading to high-class
customer experience
Benchmarking Customer Experience Examples
Higher executives are made to attend customer calls
as part of their training at Amazon to
5. While digital is the future for customer experience, nothing
beats a human touch in your interactions with customers.
Here is the LEGO example to drive home the point
How LEGO’s response to a kid went viral
Sources – Customerthink, Temkin, HBR, Forbes
6. Sources – Customerthink, Temkin, HBR, Forbes
Key to Customer Experience
Micro Customer Experience
• Acts on issues of one customer at a time
• When one customer voices something, you can bet that they represent dozens or
thousands
Macro Customer Experience
• Closing the loop with customers about the company’s commitment to resolve a
universal pain
• Typically requires more than one group to collaborate in discovering the true source
of the issue
Cultural Customer Experience
• Customer experience insights can be intertwined with the company’s vision, mission
and values
• Centering the business on customers’ well-being