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The #CX Perception Gap

CX Journey

The good news is, more and more company leaders are starting to get that they need to focus on the customer experience; the bad news is, many – most – are still struggling with the concept , choosing instead to focus on sales, metrics, and maximizing shareholder value. Remember that this was 2005. No argument there.

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Expert commentary: Closing the CX Gap between Customer Expectations and Business Reality

Comm100

Some attributes of an expectations chasing approach to CX include: A tradition-bound or change-averse culture in the organization. Developing a metric based on your customer’s values is another way to align the organization’s delivery to the customer’s expectations.

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Building Blocks of a Customer Experience Transformation Strategy

CX Journey

You might know it as Bain's Delivery Gap, which states findings from their 2005 research: 80% of executives believe they deliver a superior experience, while only 8% of customers agree. Acquisition often includes discounts, while metrics include free candy bars and oil changes in exchange for a 5-out-of-5 rating. What gives?

Strategy 151
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Health care mergers and acquisitions: Why patients and employees should come first

Alida

Engage with your patients throughout the process to benchmark satisfaction metrics and get a better understanding of its impact to wait times, consumer perception and other factors of patient care. When health systems merge, however, there’s a high risk of culture mismatch, putting undue stress on your employees. Conclusion.

Airlines 138
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Everything You Need to Know about Text Analytics

Lumoa

Some companies use other metrics , such as Customer Effort Score or Customer Satisfaction. These standard metrics include not only the number, but also free text feedback revealing why your customers like or dislike you or your product. Most companies collect feedback in some specific format, such as Net Promoter Score.

Analytics 304
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4 out of 5 organizations have not increased their customer satisfaction since 2010!

Beyond Philosophy

Unfortunately, many companies still don’t give that credit to their market research folks and what the marketing metrics tell them. In other words, we can compare satisfaction today to what it was in 1994, 2000, or 2005. Customer perceptions and attitudes about the experiences that they’re having with companies are dynamic.

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Black Friday vs Cyber Monday Social Sentiment

NetBase

In 2005, Cyber Monday entered the online fray. According to the Shop.org/ Bizrate Research 2005 eHoliday Mood Study, ‘77 percent of online retailers said that their sales increased substantially on the Monday after Thanksgiving, a trend that is driving serious online discounts and promotions on Cyber Monday this year (2005).’”.