Execs In The Know- A Global Network of Customer Experience Professionals

Tag Archives: Customer Loyalty

COPC Inc. and Execs In The Know Publish Travel and Hospitality Findings as Part of New Industry-Specific Customer Experience Research

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PHOENIX, AZ — (November 21, 2016) — Execs In The Know, a global network of customer experience professionals, together with COPC Inc., announce the results from their first travel industry survey, CXMB Industry Insights: Travel & Hospitality. The survey focused on the customer care experience, the purchase experience, and customer loyalty.

The findings show that both leisure and business travelers are using multiple customer service channels to resolve issues. However, customer satisfaction is higher when travelers self-select a channel that they want to use rather than being forced into one. Furthermore, a consistent experience across channels is so important among travelers that it ranks higher than competitive pricing and a personalized experience.

Survey participants were U.S.-based individuals traveling for business only, leisure only or both. Here are some key travel and hospitality industry findings for both leisure and business travelers. See the infographic for more details.

– Business and leisure travelers still prefer to talk to someone in person or on the phone to resolve their issues. Both groups were equally open to using new channels of communications — social media, text, mobile chat and smartphone app — at 27 percent for business travelers and 30 percent for leisure travelers.

– When multichannel communication is a choice rather than a forced approach for issue resolution, customer satisfaction increases. Conversely, when forced into a multichannel approach to resolve an issue, both business and leisure travelers stated a dissatisfaction rate at nearly 50 percent.

– Both business and leisure travelers consider a consistent customer experience across communication channels significantly more important than competitive pricing. In particular, 60 percent of leisure travelers stated a consistent experience was important.

“We are pleased to provide the results of this survey, showing how a multichannel approach to meeting customer needs can affect the traveler’s experience. For companies focused on providing excellent customer care, our findings reveal a choice of communication options is the key to customer satisfaction. Travel and hospitality brands should not only be present in the channels their customers prefer, but also need to be capable of resolving their issues through these channels,” said Kathleen Jezierski, chief operating officer, COPC Inc.

“CXMB Industry Insights allows us to dive deeper into different industry segments and provide the important insights that our community members in each vertical are looking for,” said Chad McDaniel, president, Execs In The Know. “Our findings provide a better understanding of the customer landscape in the travel and hospitality sectors, and hopefully will spark some ideas for brands to improve the customer experience and enhance overall customer satisfaction.”

This travel survey is the first in the series of industry-specific research, and is part of the larger Customer Experience Management Benchmark (CXMB) Series, also published in partnership between COPC Inc. and Execs In The Know.

Download http://ow.ly/OxT3306onPG, or sign up to receive future survey results produced by COPC Inc. and Execs In The Know. Other industry-specific reports will follow in early 2017.

To hear a further discussion about CXMB Industry Insights: Travel and Hospitality, join COPC Inc. and Execs In The Know on Tuesday, December 6,at 1 p.m. ET for a webinar. To register, visit http://ow.ly/yYyY306onpY .

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About Execs In The Know

For over 15 years, Execs In The Know has built a reputation of excellence in the Customer Management Industry and a worldwide community of over 50,000 Customer Experience Professionals. Execs In The Know connects people to engaging industry content, thought leadership, current trends, peer-to-peer collaboration, networking and industry employment opportunities. Examples of this can be seen at their Customer Response Summit events, roadshows, webinars, workshops, Blog Talk Radio segments, Industry Benchmarking Series, blogs, thought papers and social communities. For more information visit www.execsintheknow.com.

About COPC Inc.

COPC Inc. is an innovative global leader that empowers organizations to manage complex customer journeys. The company created the COPC Customer Experience (CX) Standard and provides consulting, training and certification for operations that support the customer experience. Founded in 1996, COPC Inc. began by helping call centers improve their performance. Today, the company works with leading brands worldwide to optimize key customer touchpoints and deliver a seamless experience across channels. COPC Inc. is privately held with headquarters in Winter Park, Florida, U.S. and has operations in Europe, Middle East, Africa, Asia Pacific, Latin America, India and Japan. www.copc.com

 

Three Steps for Customer Service Excellence

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The following is a guest blog by Jaime Bailey, Vice President Marketing at Virtual Hold Technology (VHT). For more information on VHT, please visit their website

Putting the customer first is nothing new, but service excellence is becoming more competitive than ever before. While reducing hold time for incoming calls was once a key differentiator for brands, today the growth of digital channels means every touchpoint between consumer and brand is a make or break opportunity.

A recent McKinsey Quarterly, The CEO guide to customer experience, focuses on the importance of molding customer interactions and providing high-level insight to improve customer interactions. But a good piece of advice needs specifics. So we’re taking an in-depth look at three tips for how a brand can start growing loyalty.

Simplify the move from touchpoints to a journey

According to McKinsey, customer loyalty isn’t created through individual touchpoints, but “the complete, end-to-end experience customers have with a company from their perspective.” We agree. It’s all about the customer journey!

Why? Well many times, touchpoints are the responsibility of a business silo. The focus is on providing the best experience on that channel, without communicating with the other channels.

If a consumer starts on social media and then jumps to a phone, they have to start the interaction from the beginning. After all, when a brand’s channels aren’t connected, the customer’s information doesn’t travel with them. So even when satisfaction with individual touchpoints is high, the overall satisfaction can be quite low. This is because the customer perceives a company as not centered on their interests or concerns.

Knowing key pieces of information about the customer helps transform disparate touchpoints into a connected journey. As outlined in our e-book, Navigating the Customer Journey, the following four questions are central to the transformation.

– How long have they been a customer?

– Through which channels has the customer navigated?

– What are the customers’ previous brand interactions?

– Is there additional contact information to piece a customer identity together?

The move from individual touchpoints to a customer journey is an important one. When responding to each question, including data and customer commentary will enhance your ability to navigate the customer journey seamlessly and effectively. Continue reading

Disrupter 5: Contextualized Knowledge Bases for Personalization and Prediction

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The following is a guest blog by Mandeep Singh Kwatra, VP, Solutions and Capabilities at Hinduja Global Solutions (HGS). For more information about HGS, visit their website

As companies gain a deeper understanding of customers through research and predictive analytics, they will use that information to develop more individualized customer experiences. Today, it’s not enough to have a knowledge base. The best, most insightful business intelligence is developed from a contextual knowledge base that can be used by both agents and customers to predict the right answer based on that particular customer’s data, situation, location, and needs. The end result is faster responses, increased issue resolution, reduced customer effort, and happier customers.

Internet and digital channels have shrunk the world of customer information, and now everything is available at the click of a button. Customer loyalty is as fragile as that button click. Customers want brands to understand what they really need. They want everything personalized for them, at every step of the customer journey—from prepurchase research to complaints or when they are contemplating whether to jump ship. Today’s customers want personalized sales cycle, service queues, and complaints management. This means a knowledge base that employs two key elements:

– First, brand knowledge cannot be dated. It cannot be robotic or a copy paste of a manual or process. Knowledge has to be contextual. It has to be natural and language driven. It has to be how customers like to talk.

– Second, today’s predictive analytics answer to contemporary customer expectations, which are: to get the right answer fast, while also meeting sophisticated personalization criteria.

Contextualized Knowledge Bases

This shift from “content” to “context” requires companies to understand and categorize customers in personalized slots. According to a recent survey by Adobe, more than 60% of online users wanted to know why, what, and how web sites select content personalized for them. Companies need to have their personalization strategies backed by solid, accurate customer data. This is made easy by customers leaving a virtual bread crumb trail on their online journeys for brands to follow. But, the first order of business is to build a contextual knowledge base template that can support personalized customer data. Because customer behavior changes from one situation to another, a contextual database should include customer reactions across a broad spectrum of situations to be comprehensive and accurate. A recent study by Forrester Consulting on behalf of EverString found that marketers most often face the two challenges of ensuring data quality and managing data from a variety of sources (both 47%) in attempting to gain greater insights about customers and prospects. Continue reading

Follow Up and Group Facilitator Notes: Customer Engagement LIVE!

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This is a guest blog written by Greg Sherry, Vice President Marketing at Verint Systems.

One of the primary objectives of Customer Response Summit Austin was to “identify best practices and discuss innovative ideas on how to serve customer through emerging channels.” Verint’s contribution to this theme was an interactive general session called “Customer Engagement LIVE!” where we grouped executives into discussion groups of seven or eight participants. The groups engaged in conversations around the strategies and execution steps that can help define how customer-centric organizations can enrich interactions, improve business processes, and optimize the workforce.

One of the questions included on the breakout group handout, for example,  was “If you could provide your peers with one piece of advice as they create and execute their customer experience strategy and program, what would it be?”  There were also discussion questions around Customer Engagement and Enterprise Workforce Optimization.

Below are some of the highlights attendees shared during the breakout group read back presentations. Do you want access to group facilitator notes from all of the major discussion and engagement areas? If so, click here for the detailed Customer Engagement LIVE! notes.

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Breakout Group Discussion Highlights

Employee Engagement- TED Talks! We want to hire and retain the best contact center agents that we can. So, we want to make sure we have a variety of internal programs around employee engagement as well as all our focus on customer engagement.  One thing we started was Ted Talks Tuesday’s where we find creative and inspirational Ted Talks videos that have themes around creativity, innovation, customers. We then have a discussion group after the video. Our executives, managers and agents love all the interactions we all have – and we are learning new ideas and ways of thinking at the same time! Continue reading

Meet The Board – Lisa Oswald – Delivering Value

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Lisa at a recent open studio weekend in Yonkers, NY

 

Second in our “Meet The Board” series is Lisa Oswald. We hope you’ll enjoy getting the chance to know our EITK Advisory Board members a bit better over the coming months! 

Get to Know: Lisa Oswald, Senior Vice President, Customer Service at Travelzoo Inc. 

My role leading customer strategy is all about growing our company by making it easier for customers to do business with us. My commitment to deliver service for a competitive advantage — a business imperative, really – drives everything we do. That’s because consumers demand more from companies today. And making smart decisions about what our customers want and need, and how to effectively deliver that drives revenue and loyalty.

My company is Travelzoo, a global media commerce company. You probably know us as the publisher of the Travelzoo Top 20®, the definitive list of the week’s best travel, entertainment and local deals. As Senior Vice President of Customer Service, I lead global customer strategy for our 28 million members across North America, Europe and Asia Pacific, driving culture change and influencing the way my colleagues think and act in support of our members. That includes helping set the organization’s product roadmap for delivering member experience outcomes. My most important role, however, is the one I take most seriously…upholding our members’ trust in our brand. After all, there’s a reason why we’re called the Deal Experts! Continue reading

Execs In The Know – What You Should Know: An Interview with Richard Shapiro, President & Founder, The Center For Client Retention

In December 2014, Execs In The Know hosted a Customer Experience Management Benchmarking (CXMB) Workshop in New York. The one day session featured top industry experts, in a small intimate setting, examining the findings of the most recent CXMB Report, as well as the strategic and tactical implications. The unique workshop provided key insights into what today’s consumers want, need, and expect from their brand interactions.

The following interview features Richard Shapiro, President & Founder of The Center For Client Retention.

Chad:

Richard, why did you decide to attend the New York Road Show?

Richard:

I had participated in two Customer Response Summits; one in Bonita Springs in 2013 and another, in Memphis this past September. While I go to many conferences that focus on customer experience, the symposiums hosted by Execs In The Know are different. It’s not just the topics; it’s the speakers and the conversation. The forum brings together senior executives from Fortune 500 companies, who are willing to share their experiences and learn from each other.

Continue reading