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Measuring the customer experience and increasing customer loyalty, customer retention and customer acquisition in the process Fredrik Abildtrup CEO @ TeleFaction A/S  The Return on Behavior® Company
About TeleFaction - What do we do? ,[object Object],[object Object],[object Object]
Today’s topics
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object]
Poll
Why manage experiences?
It is though out there! 58% say it is harder to make a reasonable profit, compared to 5 years ago  add the Financial crises to that!
How to remain successful ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Your customers behaviour today ... ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The voice of the customer  – why is this important? A big survey, In Customers Are People, shows, that 70 procent of the customers buying decision are based on how they feel they are being treated.  Another survey shows, that 69% of the customers say, that emotions count for more than half of the total buying experience ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
On which channels? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Be distinct or be extinct Idea sourced from  Tom Peters
Interactions drives loyalty High-quality interactions with people and systems Lowest price or  cost of ownership Superior products or services Percent High Importance
Poll
Customer  Experience  vs.  Management Customer  Relationship Management
CRM to CEM ,[object Object]
Build or destroy profits!!! ,[object Object],Pleased Comfortable Appreciated Important Special  Frustrated Let Down Angry Ignored Confused Recommended to a friend or colleague Praised a company representative Purchased more products/services Continued relationship about the same Complained to a friend or colleague Complained to a company representative Switched to new supplier/provider Purchased less products/services
Customer Experience Management… … is or should be the execution of a customer centric business strategy
Enterprise managers wear rose-colored glasses ,[object Object],[object Object],Net Agreement: Customer +4,  Enterprises +34
How to be successful
To get success – be SMART
Customer Value…  ,[object Object],Sales Lifetime value Strategic fit Profit
Customer Value… ,[object Object],High-Quality Empowered Employees Rewards for loyalty Honest communication
Metrics – The steering wheel ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
People are the drivers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Bob Thompson, CustomerThink Corp.
Redesign Experience ,[object Object],[object Object],[object Object],[object Object]
Use technology to optimize experiences ,[object Object],[object Object],[object Object],[object Object]
Case study – Danske Bank Group
About Danske Bank ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Danske Bank focus on CEM? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Where is Danske Bank measuring? ,[object Object],[object Object],[object Object],[object Object],[object Object]
How Danske Bank is measuring? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What kind of results has been achieved?
Results: Actions can be targeted Did you get a better advice in the meeting than expected? Service experience on a scale of 0 to 100, where 100 is best
It is the individual team that can make a difference Better service Development over time: Resume on all questions
Analyses to find drivers Service experience on a scale of 0 to 100, where 100 is best Average amount of products offered
One important finding ,[object Object],[object Object]
Where Danske Bank is using TeleFaction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some words on how to do that!
Obtaining info on customer needs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The KEY? It is never ending
Taking Quality to the Next Level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Taking Quality to the Next Level ,[object Object],[object Object],[object Object],[object Object],[object Object]
Taking Quality to the Next Level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Return on Behavior ,[object Object],[object Object],High Monitoring scores ≠ Customer Satisfaction
TeleFaction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Backup slides
Polls ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Polls ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Developments in customer approach
Create a customer vision/strategy Customer Experience How do we ensure that customers get the same experience across all touch points? On which level must the experience be consistent across all channels? Integration How do we share knowledge of our customers? How do we plan and implement customer activities across the company? How close do we want to  integrate ourselves with  customers and partners? Balanced effort How do we balance our efforts in relation to the  customers value? What effect does that have in our activities? How far  will we go? How do we focus on loyalty, retention, additional and cross sales? Customer Expectations When are the customer in touch with us and why? Which expectations do they have and how do we live up to them? How do we communicate with the customers? What impact does customer satisfaction have on revenue and profit? Customer Value Which customers have which value? How do we measure it? Which customers will we attract, retain or develop? Which service will we provide the defined segments? Knowledge of Customers How do we collect knowledge of our customers In which touch points? How do we use this knowledge? How can we enrich and increase our own knowledge
About TeleFaction - What do we do? ,[object Object],[object Object],[object Object]
Measuring the customer experience and increasing customer loyalty, customer retention and customer acquisition in the process

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Measuring the Customer Experience

  • 1. Measuring the customer experience and increasing customer loyalty, customer retention and customer acquisition in the process Fredrik Abildtrup CEO @ TeleFaction A/S The Return on Behavior® Company
  • 2.
  • 4.
  • 7. It is though out there! 58% say it is harder to make a reasonable profit, compared to 5 years ago add the Financial crises to that!
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. Be distinct or be extinct Idea sourced from Tom Peters
  • 13. Interactions drives loyalty High-quality interactions with people and systems Lowest price or cost of ownership Superior products or services Percent High Importance
  • 14. Poll
  • 15. Customer Experience vs. Management Customer Relationship Management
  • 16.
  • 17.
  • 18. Customer Experience Management… … is or should be the execution of a customer centric business strategy
  • 19.
  • 20. How to be successful
  • 21. To get success – be SMART
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28. Case study – Danske Bank Group
  • 29.
  • 30.
  • 31.
  • 32.
  • 33. What kind of results has been achieved?
  • 34. Results: Actions can be targeted Did you get a better advice in the meeting than expected? Service experience on a scale of 0 to 100, where 100 is best
  • 35. It is the individual team that can make a difference Better service Development over time: Resume on all questions
  • 36. Analyses to find drivers Service experience on a scale of 0 to 100, where 100 is best Average amount of products offered
  • 37.
  • 38.
  • 39. Some words on how to do that!
  • 40.
  • 41.
  • 42.
  • 43.
  • 44.
  • 45.
  • 47.
  • 48.
  • 50. Create a customer vision/strategy Customer Experience How do we ensure that customers get the same experience across all touch points? On which level must the experience be consistent across all channels? Integration How do we share knowledge of our customers? How do we plan and implement customer activities across the company? How close do we want to integrate ourselves with customers and partners? Balanced effort How do we balance our efforts in relation to the customers value? What effect does that have in our activities? How far will we go? How do we focus on loyalty, retention, additional and cross sales? Customer Expectations When are the customer in touch with us and why? Which expectations do they have and how do we live up to them? How do we communicate with the customers? What impact does customer satisfaction have on revenue and profit? Customer Value Which customers have which value? How do we measure it? Which customers will we attract, retain or develop? Which service will we provide the defined segments? Knowledge of Customers How do we collect knowledge of our customers In which touch points? How do we use this knowledge? How can we enrich and increase our own knowledge
  • 51.
  • 52. Measuring the customer experience and increasing customer loyalty, customer retention and customer acquisition in the process

Notas do Editor

  1. TeleFaction is a “Voice of Customer” Company a results-driven solution which translates objective customer data into actionable insights. These insights provide specific action points for management and individuals to secure revenue, retain customers and increase loyalty. TeleFaction believes that only a daily dialog between the company and its client can create a solid relationship that guarantees long term engagement and loyalty. From our point of view, the recipe for success is: by literally listening to the customer, the company can understand the target market´s needs and therefore is able to provide superior value. We make it possible for our clients by measuring their customer´s experience: we collect information in all touch points - internet, phone call (recorded surveys) and letters -, transform it into data + processes it into knowledge = report the results. And our clients participate during the whole process, giving instant feedback. Unlike other players, TeleFaction offers the whole personalized product by coaching our clients on direction for each action. We do not simply provide numbers and graphs, we talk and guide them. The results from our coaching have a direct impact on both management and employee level.
  2. Less time Zero tolerance for waiting time og lack of empowerment More choices than ever before More buying power High expectations and no patience No problems changing vendors/supplier
  3. Sources: Giga, Gartner Group, Forester Research, Nuance Cost per Resolved Issue The Cost of Satisfying the Customer Cost per Resolved Issue Email$9.53 Chat$7.86 Online – self-service $6.55 Phone –Call Center$6.17$
  4. Apple Ipod + Nike Apple – Social media before social media was invented
  5. High-quality interactions drive loyalty as much as the core product/service Custmerthink
  6. CEM is the ‘Right Brained’ Approach to Customer Management An emotional connection is key, even for mundane products ie pampers is just no more an absorbent diaper it is now sold as helping the development of your baby
  7. Conclusion?
  8. Lønsomhed og forretningsmæssig succeshandler ikke om at have det bedste produkt eller den flotte reklamefilm. Det handler om relationer. People do business with people er mere vigtig i dag end nogensinde før. Det er forretningskritisk for virksomheder at kundernes forventninger overgåes eller som minimum indfries. Service quality is not about internal compliance It is about satisfying your customer Gode kundeoplevelser skaber fundamentet for loyalitet