Remove Government Remove Metrics Remove Net Promoter Score Remove Voice of Customer
article thumbnail

A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

Customer churn is the opposite of retention. Customer churn is a critical metric because it is much less expensive to retain existing customers than it is to acquire new customers. However, if you want to measure loyalty and aim for long-term goals, check the Net Promoter System.

article thumbnail

Customer Experience Strategy: An A to Z Glossary

Lumoa

Churn Customer churn happens when a customer/subscriber stops doing business with a company. Customer churn is the opposite of retention. Customer churn is a critical metric because it is much less expensive to retain existing customers than it is to acquire new customers. So why should you care?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A to Z Guide to Customer Experience Definitions and Terms

Lumoa

Churn Customer churn happens when a customer/subscriber stops doing business with a company. Customer churn is the opposite of retention. Customer churn is a critical metric because it is much less expensive to retain existing customers than it is to acquire new customers. So why should you care?

article thumbnail

How Customer Success Can Catalyze Customer-Centric Change

ChurnZero

If you find yourself wondering these exact same questions, then you should check out our on-demand webinar with Julia Ahlfeldt, where she breaks down what it takes for an organization to truly put the customer at the center of their business. During this webcast we also learned: The key aspects of customer-centric business practices (e.g.

article thumbnail

Top 150 Global Customer Experience Thought Leaders and Influencers of 2020

SurveySensum

Kaye Chapman is a Customer Experience and Learning Specialist, working with global Fortune 500, government, and private firms around the world to design outstanding customer experiences and to embed effective people development strategies. Nancy Porte – CCXP, VP, & Global Customer Experience Leader.

article thumbnail

7 Key C-Suite Roles in a Truly Customer-Centric Executive Team?

SmartKarrot

The leader adapts the company with the customer in mind. The CCO defines customer value and helps focus decisions in a customer perspective. The CCO also ensures goals are achieved as per Net Promoter Score, Customer satisfaction, and Customer Effort Score. Like what you are reading?

article thumbnail

7 Key C-Suite Roles in a Truly Customer-Centric Executive Team?

SmartKarrot

The leader adapts the company with the customer in mind. The CCO defines customer value and helps focus decisions in a customer perspective. The CCO also ensures goals are achieved as per Net Promoter Score, Customer satisfaction, and Customer Effort Score. Like what you are reading?