How do you make customer satisfaction an attainable goal?
Customer satisfaction directly impacts customer retention, loyalty, lifetime value, and long-term success. It is the degree to which a product or service meets or exceeds customer expectations.
Businesses increasingly recognize the importance of customer satisfaction, as it leads to repeat business, positive word-of-mouth, and a competitive edge. Here are some interesting statistics:
- A report by American Express states that happy customers are willing to spend 17% more on average for a product or service.
- A Nielsen study reported that 92% of consumers trust recommendations from friends and family over advertising.
- The World Economic Forum highlighted that customer satisfaction is vital for international competitiveness, influencing a country’s economic prosperity.
The discussion aims to understand the importance of customer satisfaction and how it can be enhanced.
Listen to our panelists discuss specifically:
- How do you understand your customer expectations? What kind of surveys, feedback, and data analysis do you use?
- Customer experience is at the core of everything a business should do, and personalization plays a huge part. How do you personalize your offerings for your customer segments?
- What impact does your customer support and service have on your customer satisfaction levels? How do you measure them?
- What role do people in your organization play in ensuring high levels of customer satisfaction? How do you empower them?
- Can you give some examples of how you have made customer satisfaction a top priority in your organization?