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EXPERIENCE ECONOMY
What is Customer Experience? 
Customer Experience is the internal and 
subjective response customers have to any direct 
or indirect contact with a company.
Customer Satisfaction 
•Customer Satisfaction is essentially the 
culmination of a series of customer Experience. 
•It occurs only when the gap between customer 
expectation and their subsequent experiences has 
been closed.
Patterns to collect Customer Experience 
Information 
• Persistent 
Example: Rent-A-car 
• Periodic 
Example: Hewlett-Packard 
• Pulsed 
Example: Super Market
What is CEM? 
Gartner defines customer experience 
management (CEM) as “the practice of designing and 
reacting to customer interactions to meet or exceed customer 
expectations and, thus, increase customer satisfaction, loyalty 
and advocacy.” 
Customer experience management (CEM) is the collection of 
processes a company uses to track, oversee and organize every 
interaction between a customer and the organization 
throughout the customer lifecycle.(searchcrm.techtarget.com)
CEM Versus CRM 
Customer Experience 
Management 
• It captures and distributes what a 
customer thinks about the 
company. 
• It takes place at the point of 
customer interaction: ”touch 
point”. 
• Monitored using surveys, 
targeted studies, observational 
studies etc. 
Customer Relationship 
Management 
• It captures and distributes what a 
company knows about a 
customer. 
• It takes place after there is a 
record of a customer interaction. 
• Monitored using Market 
Research, point of sales data etc.
THANK YOU

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Experience economy

  • 2. What is Customer Experience? Customer Experience is the internal and subjective response customers have to any direct or indirect contact with a company.
  • 3. Customer Satisfaction •Customer Satisfaction is essentially the culmination of a series of customer Experience. •It occurs only when the gap between customer expectation and their subsequent experiences has been closed.
  • 4. Patterns to collect Customer Experience Information • Persistent Example: Rent-A-car • Periodic Example: Hewlett-Packard • Pulsed Example: Super Market
  • 5. What is CEM? Gartner defines customer experience management (CEM) as “the practice of designing and reacting to customer interactions to meet or exceed customer expectations and, thus, increase customer satisfaction, loyalty and advocacy.” Customer experience management (CEM) is the collection of processes a company uses to track, oversee and organize every interaction between a customer and the organization throughout the customer lifecycle.(searchcrm.techtarget.com)
  • 6. CEM Versus CRM Customer Experience Management • It captures and distributes what a customer thinks about the company. • It takes place at the point of customer interaction: ”touch point”. • Monitored using surveys, targeted studies, observational studies etc. Customer Relationship Management • It captures and distributes what a company knows about a customer. • It takes place after there is a record of a customer interaction. • Monitored using Market Research, point of sales data etc.