flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

How to Improve Customer Experience

Editor's Note: Take a look at our featured best practice, Digital Transformation Strategy (145-slide PowerPoint presentation). Digital Transformation is being embraced by organizations across most industries, as the role of technology shifts from being a business enabler to a business driver. This has only been accelerated by the COVID-19 global pandemic. Thus, to remain competitive and outcompete in today's fast paced, [read more]

Also, if you are interested in becoming an expert on Customer-Centric Design (CCD), take a look at Flevy's Customer-Centric Design (CCD) Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.

* * * *

Before we get to how to improve customer experience, let’s just recap on why we should care about improving the customer experience.

Deloitte said that customer-centric companies are 60% more profitable than their less customer-centric counterparts. That’s right, 60% more profitable. And that’s not just one of those throw-away marketing stats. It’s from Deloitte, one of the world’s most respected consulting firms.

But, I guess you understand that. And, of course, you want to be more profitable. After all, you’ve already clicked through to post called “How to Improve Customer Experience,” so I’ll get to right to it. Below are the four steps you need to complete to improve your customer experience and build a loyal, more profitable customer base.

How to Improve Customer Experience: 4 Steps 2136953043_e9d620963f

Step 1: Map

Before you start any journey, it’s always good to know where you are and where you’re going. To understand the landscape, the first thing to do is to map out your customer journey (See: 3 Powerful Tips to Map Your Customer Journey).

By mapping your customer journey, you’ll gain a better appreciation of what your organisation looks like from the customer’s point-of-view.

Use your customer journey map to help you identify areas for initial focus and to set yourself some objectives.

Actions:

  • Brainstorm with your team to map out your customer experience touchpoints.
  • Take note of the touchpoints using customer experience mapping software or simply list them out in a spreadsheet.

Step 2: Measure

Next, take stock of where you are currently, giving yourself a baseline customer experience metric that you can improve on.

In this step you’ll also be taking the critical step of opening up a line of communication with your customers, because the only people who can really help you improve customer experience, are of course, your customers!

Actions:

  • Create feedback channels at each of your key customer touchpoints
  • Ensure you have the right balance of passive and active customer data (that’s things you track, like web analytics vs. things your customers tell you directly, like survey responses)
  • Use appropriate customer experience management software and ensure your surveys aren’t too long (see: why long customer satisfaction surveys are bad for business) – they reflect on your customer experience too!

Step 3: Improve

Hang in there. Now we’re getting to the exciting bit. This is where you get those profits! It’s true you get some benefit just from asking your customers for feedback – they like to know you care. But you don’t get the big bucks unless you make that feedback count.

Now you need to sift through all that feedback data, which should be linked to your customer touchpoints. If you used the right customer experience management software, it should make that process easy, guiding you to the areas of your customer experience that require that most attention and those that will give you the biggest impact with your customers.

The data should give you some clear ideas about how to improve and you can use the metrics you get as baseline KPIs (see: How to get the right KPIs for customer service). It’s important at this stage to share the results with your team. Letting them know what you’re tracking, what you’re focussing on, and what the goal is.

Actions:

  • Use your customer experience management software to identify KPIs, share them with your team and track improvements

… or, if you collected the data using basic survey tools …

  • Get a data scientist to analyse your data and built you a custom dashboard to track progress

Step 4: Iterate

I’d like to tell you that working through those three steps will be enough. And certainly if you’ve given them the focus they deserve, you’ll already be benefiting from increased customer retention and recommendations. But nothing lasts forever. If you want to build a sustainable competitive advantage, you need to keep at. The world’s most customer centric companies continually track their customer metrics.

Actions:

  • Repeat steps 2 and 3, ensuring you respond to any changes in your customer data
  • Make your customer metrics central to your organisational culture; share, report them, be accountable for them and most importantly, act on them!

I’ve shown you how to improve customer experience in 4 steps. I know they are not 4 simple steps. But they are 4 critical steps. As the value of a great customer experience becomes more widely appreciated, only those companies that really nail it will survive.

Get started today by booking a meeting with your team to map out your customer experience touchpoints.

225-slide PowerPoint presentation
[NOTE: Our Design Thinking presentation has been trusted by an array of prestigious organizations, including industry leaders such as Apple, MIT, NASA, Ford, Boeing, Fujitsu, Syngenta, Palo Alto Networks, and Mercer, to name just a few.] Design Thinking is [read more]

Want to Achieve Excellence in Customer-Centric Design (CCD)?

Gain the knowledge and develop the expertise to become an expert in Customer-Centric Design (CCD). Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.

In the modern Digital Age, advances in technology and communication, combined with the explosive growth in data information, have given rise to a more empowered global customer. Recent economic and political events highlight the need for organizations to understand how consumers view the world and the most important attributes for their purchasing decisions.

Thus, increasingly more organizations are seeking to invest and focus on Customer-centric Design. A clear understanding of customer needs and behaviors across the organization will help drive profitable growth strategies and provide the confidence to invest in opportunities at a time when staying within budget can be extremely difficult.

Learn about our Customer-Centric Design (CCD) Best Practice Frameworks here.

Readers of This Article Are Interested in These Resources


56-slide PowerPoint presentation
Customer Experience is fast becoming the key business battleground in many markets. In order to be successful it is critical that all business create a Customer Experience Strategy, an all encompassing view of how they will deliver superb experiences to their customers. Having such a strategy [read more]


 
143-slide PowerPoint presentation
 
 
35-slide PowerPoint presentation

About Andy Lees

Andy Lees is the founder of Satsum, a customer experience analytics platform. Andy is an expert in consumer insights, having spent over 20 years in the industry. Prior to founding Satsum, Andy was Product Director at Lumi and Innovation Director for Kantar (WPP group). You can connect to him on LinkedIn here.

, ,



Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.