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Introduction
In this paper SynGro describes in six easy steps how to create a customer-centric culture. The paper includes insights on how organisations can use feedback to their advantage by driving vision and action enterprise-wide.
Oxford Brookes University claims that UK businesses are losing around 20 million customers each year due to poor customer service, equating to losses of 3.69 billion. It is no big secret that understanding what customers want is the best way to keep them happy. Organisations spend hundreds of thousands of pounds engaging with customers through multiple channels, whether through face to face interviews, outsourcing to call centres or creating web-based surveys, in a bid to gain their feedback and keep them as customers.
So why are so many customers still unhappy? Gartner Research identified that whilst 95% of companies collect customer feedback, just 10% actually use the data to make improvements. Warwick Business School highlighted that 75% of customer feedback remains unread as organisations struggle to manage the volume and complexity of customer insights.
Youre drowning in data but are you doing anything about it?
Not having a robust customer feedback management strategy is typical of many organisations that simply fail to understand the importance of taking action on the data that is collected. Organisations generate useful customer data and reporting outputs, but they do not actually do anything with this information to better their business. Using this data within an organisation, both operationally and strategically, to help drive business growth, is vital. Below are six steps for driving action from customer feedback that will help organisations improve customer satisfaction and retention and positively impact the bottom line.
Complaint
N
Client happy?
Record the system share around the organisation Understand reasons
Can I fix?
N Y
Fix immediately if possible
Conclusion
Creating and establishing a successful customer feedback programme requires commitment, vision and dedication from both top level management and employees. With the correct technology and services available to you, gathering feedback and analysing insights will become second nature, opening up a wealth of opportunity for organisations to become customer-centric creating a competitive edge, improving business processes and ultimately enhancing customer service. However it is important to always remember that taking action on customer feedback is the important aspect, as this is where the real value is delivered, creating happy customers who stay loyal.
About SynGro
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Founded in 2004, SynGro is a leading provider of customer feedback technology and customer retention programmes for large enterprise.
Working with complex organisations with large customer bases across the world, SynGro provides solutions to gather real-time customer feedback, and implement programmes to show organisations how best to act on data to help shape strategy, achieve continual business improvement and positively affect their bottom line.
Enterprise Feedback Management (EFM) is an emerging market and since its introduction more and more companies are striving to integrate customers closely into their business operations.
Interested in learning more about SynGro? Learn how we can help you to create a customer centric culture from your customer feedback
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