Faced
with economic turmoil and increasing competition, businesses are
looking to differentiate themselves in their customers' eyes through
better brand awareness, and hearing the voice of their customers and
understanding what drives their behavior. A recent study by the
Aberdeen Group captured customer experience management (CEM) adoption
trends and performance results through a direct survey of 252
organizations. This report highlights industry best practices for
establishing and nurturing CEM programs that delight customers while
improving overall business results.
Key findings indicate Best-in-Class companies achieve:
- 82% customer base retention
each year
- 34.7% improvement
(reduction) in response time to customer inquiries
- 19.8% year-over-year
improvement in customer satisfaction results
- 21.4%
year-over-year improvement in the lifetime value of their customers