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Customer Profitability a new measure for Customer Satisfaction - summary

  • Customer Experience

Steve Downton, Downton Service Management Consultants Ltd, Noventum Group

Many businesses use customer satisfaction surveys of one type or another, such as asking clients to fill in a comments form in a hotel, or following-up after a car-repair and asking for feedback. These mechanisms provide customer feedback, however quite often the information is unstructured and ambiguous. There are many measures that can ascertain the real level of customer satisfaction in a more innovative and structured way, such as customer needs analysis, which produce a much more reliable and useful result.

Recent trends would suggest that most customers regard a low price as the best value offering. It is wrong to think that increased customer service comes at an increased cost, but without economic means service will be unsustainable and will not retain customers.

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See also

The Value of Loyal Customer - Customer Feedback (summary)
Service Economics in the New Digital Y Generation Environment (Summary)
How companies are deploying Service Economics to create profitable service operations (Summary)
The Changing Landscape of CRM into Customer Managed Relationships to Provide Guidance (Summary)
The Requirements for Success in 2011 (Summary)
Delivering the Service Brand the Customer Bought (Summary)
Outside In -The New Approach to Organise Your Business from a Customers' Perspective (Summary)

 

 

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