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Customer sacrifice
1.
Customer Sacrifice Some 90%
of car owners claim to be satisfied, according to a survey, yet car buyers defect by the millions each year. Note: Only 40% actually buy their next car from the automobile manufacturer that "satisfied" them the last time. So what is going on here? The problem is that most companies confuse "customer satisfaction" with "customer experience". Customer Satisfaction is not a true measure of the connection a company makes with customers.Customers often express satisfaction if a company meets their expectations-but they may simply have low expectations. For example, after years of lousy food on virtually every airline, few customers expect anything better. Customer Satisfaction really only helps you meet your customers' already low expectation. In their classic book, The Experience Economy, Joseph Pine and James Gilmore say that companies need to turn the question inside out. Instead of asking how we did, companies need to ask what you, the customer, want. That means understanding Customer Sacrifice: the gap between what a customer settles for and what he wants exactly. Reducing customer sacrifice results in a better experience for the customer. Customer Experience is about exceeding expectations and producing an emotional impact in the process that leaves the customer with a sense of trust, a feeling of delight, and most importantly a feeling that they are closer to achieving their goals. © Rupa Shankar www.cxpdesign.com
2.
About CXP Design CXP
Design (www.cxpdesign.com), founded by Rupa Shankar, is a platform for marketers, technologists, designers and leaders to discuss and gain a deeper understanding of cross-channel customer experience design, develop empathy for customer needs and learn how to create products and services that deliver "wow" experiences for customers. When we check into a hotel. When we shop on-line. When we buy a pair of shoes. When we get on a flight. These are experiences by which we measure brands every day. However, most companies are without the tools to purposefully design those experiences for maximum value. That’s where CXP Design comes in. Day in, day out, we live, sleep, eat, breathe and unravel the riddle that is human experience, leading to more loyal and committed customers for our clients. www.cxpdesign.com www.facebook.com/cxpdesign www.twitter.com/cxpdesign http://in.linkedin.com/groups/CXP-Design-Creating-Customer-Wow-4726523 Rupa is an Associate Director at Happiest Minds Technologies (www.happiestminds.com), a next- generation IT Services & Solutions company at the forefront of Providing Advisory, Implementation and Managed Services on Social computing, Mobility, Analytics, Business Intelligence, Cloud computing, Security and Unified Communications. At Happiest Minds, Rupa is responsible for uncovering and activating innovative digital and social engagement strategies for its clients, spearheading the development of frameworks and solutions for different industry verticals and enhancing the global go-to- market strategy. She taps into her past work as both a design practitioner and marketer to help Happiest Minds clients envision and define broad, end-to-end customer experiences. © Rupa Shankar www.cxpdesign.com
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