SlideShare a Scribd company logo
1 of 11
Download to read offline
Customer Experience Nilesh Jajoo
Content :-
1) Customer Experience Journey and measuring system
• What’s is Net Promoter System
• Customer Satisfaction (CSAT)
• Customer Effort scores
• CSAT v/s CES v/s NPS
• CLV – Customer Life Value
• Customer Churn
• FCR /Repeat /Reopen
2) Customer Experience v/s Customer Satisfaction?
3) Drivers for Customer Experience
4) Case Study ( Customer Experience Training for TfL)
5) What customer value most in their customer experience?
6) Customer Experience Value Tree
7) Improve Customer Experience for e-Commerce --
Delight your customer , Surprise your Shoppers , Build a community , Up your social media game , Follow an Impactful
strategy , Deliver an Omni Channel Customer Experience , Personalize Customer Experience
8) Process Drivers for Continuous Service Improvement
9) Customer Experience Vision
What Is Net Promoter System?
NPS stands for Net Promoter Score. An easy way to define NPS is to think of it as a growth indicator. After all, it’s a
customer satisfaction metric that helps you find out:
• How satisfied consumers are with your products/services;
• How loyal they are to your brand;
• How likely customers are to recommend your company to others
At the same time, you can also use this metric to predict your customer churn rate, and find out which clients
require an extra boost to become loyal.
How Customer Experience
is measured?
• NPS (Net Promoter
Scores)
• CSAT (Customer
Satisfaction)
• Customer Lifetime
Value ( CLV)
• Customer Effort Scores
(CES)
• Churn Rate
• Retention Rate
• FCR /Repeat/Reopen
Give customers a great experience and they’ll buy more, be more loyal and share their experience with friends. Great. That’s
what every company strives for. What truly makes for a good experience? Speed. Convenience. Consistency. Friendliness.
And one big connector: human touch—that is, creating real connections by making technology feel more human and giving
employees what they need to create better customer experiences.
Customer Satisfaction Score (CSAT)
CSAT stands for Customer Satisfaction Score (not very intuitive, we know), and it – like the name implies – is a CX
metric that directly measures customer satisfaction levels.
CSAT surveys are ideally sent when you want to see how happy clients are with an action your business took, or
certain aspects of your products/services
Customer Effort Score (CES)
CES stands for Customer Effort Score. A good CES definition outlines it as a metric that’s used to measure customer
satisfaction levels by focusing on the efforts customers make to interact with your business’ services and products.
The idea is for the survey to help you find out if customers have a hard time performing certain actions when
interacting with your brand, and take the necessary actions according to the survey data to streamline processes.
CES surveys are usually used:
Right after a client interacted with customer support
Immediately after a customer interacted with a product/service and made a purchase/got a subscription
Whenever a business wants to measure the overall experience consumers have with their products/services
How Does It Work?
CSAT surveys normally
feature a question asking
clients how satisfied they are
with a certain service,
product, or interaction with
your brand. Here’s an
example of a CSAT question
“How would you rate your
overall satisfaction with the
service you received?”
CSAT surveys aren’t limited to
a single question. If you
want, you can use multiple
questions and have open-
ended and closed-ended
questions in the same survey
CSAT/CES/NPS
Customer Lifetime Value (CLV)
Customer lifetime value (CLV) is one of the key stats likely to be tracked as part of a customer experience program.
CLV is a measurement of how valuable a customer is to your company with an unlimited time span as opposed to just
the first purchase. This metric helps you understand a reasonable cost per acquisition.
CLV is the total worth to a business of a customer over the whole period of their relationship. It’s an important metric
as it costs less to keep existing customers than it does to acquire new ones, so increasing the value of your existing
customers is a great way to drive growth.
Example :-
If the CLV of an average coffee shop customer is $1,000 and it costs more than $1,000 to acquire a new customer
(advertising, marketing, offers, etc.) the coffee chain could be losing money unless it pares back its acquisition costs.
Knowing the CLV helps businesses develop strategies to acquire new customers and retain existing ones while
maintaining profit margins.
CLV is distinct from the NPS that measures customer loyalty, and CSAT that measures customer satisfaction because it
is tangibly linked to revenue rather than a somewhat intangible promise of loyalty and satisfaction.
How Do You Measure CLV?
Some companies don’t attempt to measure CLV, citing the challenges of segregated teams, inadequate systems, and
untargeted marketing. When data from all areas of an organization is integrated however, it becomes easier to
calculate CLV.
CLV can be measured in the following way:
• Identify the touch points where the customer creates the value
• Integrate records to create the customer journey
• Measure revenue at each touch point
• Add together over the lifetime of that customer
• At its simplest, the formula for measuring CLV is:
Customer revenue minus the costs of acquiring and serving the customer = CLV
Note :-
CLV is a great metric to track and optimize, but one thing to keep a close eye on too is the cost of that customer to
your business.
This is where Cost to serve comes in. If the cost of serving an existing customer becomes too high, you may be
making a loss despite their seemingly high CLV.
Understanding these numbers over time and being able to track them side by side is the only way to get a true
understanding not only of what’s driving customer spend and loyalty but also what it’s delivering back to the
business’s bottom line.
Customer Churn Rate
Customer churn rate is a measure of how many customers stopped buying from your business or canceled their
service in a given period of time. Basic churn rate is calculated by determining the customers lost during a timeframe
and dividing it by the total number of customers at the start of the timeframe.
HOW TO CALCULATE BASIC CUSTOMER CHURN RATE :- To start, choose a timeframe for your calculation. Companies
typically calculate monthly customer churn rates but you could also do quarterly or annually. In this timeframe,
determine the customers lost and divide it by the total number of customers at the beginning of the month.
First Contact Resolution (FCR)
First Contact Resolution measures the number of customers whose question or request is resolved on the first
attempt
You can define FCR criteria based on your unique business by answering questions such as, ‘Is FCR affected when a
customer contacts the wrong department,’ or ‘Does FCR include abandoned calls?’ or ‘Does resolved mean that the
customer’s problem was solved and they were satisfied?’ The formula for calculating FCR will differ according to how
you define the criteria. However, here’s a basic way to calculate it:
Reverse of FCR – can be calculated as Repeat /Reopen
Formulas for Repeat / Reopen /FCR varies from process to process, customer to customer – basis the business
requirement
Customer Service v/s Customer Experience
Drivers for Customer Experience
Case Study :-1
Hello London: Customer Experience Training for TfL
(https://stepsdrama.com/portfolio_page/customer-experience-training-for-london-bus-drivers/)
Objective :- Designing, delivering, implementing and reinforcing an engaging customer experience programme for
all 26,000 drivers, managers and garage support staff on London’s bus network.
Customer experience programme we created (named ‘Hello London’) was designed around the customer’s
perceptions of the service that they receive and it focused n the following themes:
• Buses not always stopping.
• Drivers could be more helpful and acknowledge their customers.
• Drivers could be better at managing conflict – and sometimes left customers with the perception that the
driver had been rude or showed offensive behaviour.
• Customers could be better informed about their journey by more driver announcements being made.
The project’s key objectives were centred on the four issues highlighted above. This is because the drivers
themselves would all have direct influence on whether the feedback could be improved.
https://youtu.be/NZ2nSh84Wm4
The improvements seen from the 2-day programme were also tracked in TfL’s Bus Customer Satisfaction Survey,
and the results as of Autumn 2019 were :
• Driver friendliness and helpfulness increased by 12%.
• Customer complaints were down 41%.
• Customer commendations are currently at their highest level since the survey began, with a 77%
increase.
• 12% decrease in customer complaints about buses not stopping
• 57% increase in drivers making announcements when needed.
What customer value most in their customer experience:-
Prices and Quality remain top of mind for customers as they make purchasing choices. But when customer think about their
interactions, positive experience influences purchasing decision in almost every industry. Ecommerce (78%) , HealthCare (82%) ,
Banking (75%) , Restaurants & Food (76%) , and Telecom (63%)
Level of Importance
C
S
A
T
Customer Experience Value Tree :-
The relative weight of each of these drivers can be derived through statistical modelling. In order to manage the elements that
drive value, a company needs to establish their customers’ perception of their performance and also the perceived performance
of their competition
Improve Customer Experience for ecommerce :-
Delight your customers:-
Some customer delight ideas for e-commerce are as follows
• Loyalty points after customers purchase products, which can be redeemed later
• Thank you emails after shopping
• Referral program that will give benefits to both your existing customers, and new shoppers as well
• Free gifts such as t-shirts, mugs or key chains along with the order to your most loyal customers
Surprise your Shoppers :-
Online buyers like surprises. You can introduce surprises during the buyer’s journey to enhance the
customer experience. It is often recommended to offer free shipping. Improve your sales by
implementing this strategy a bit differently. Instead of being brazen about it, mention it during the
checkout process. This will encourage the shopper to buy from you again and help spread your word of
mouth in their network.
Build a community :-
A community is a group of people who are die-hard fans of your products. It is the end result of
everything you do, represent and stand for as a brand. Community members are advocates of your
products. Social media and email are two of the most potent channels to build a community
Up your social media game :-
Social media allows brands to project their unique brand voice. If it’s not feasible for you to have a
dedicated social media person at the moment, chalk out a specific amount of time every day to respond
to social media queries pertaining to your store. Make sure to address each query and review whether
positive or negative on Facebook, Twitter, Instagram etc.
Follow an Impactful strategy :-
The purpose of content marketing is to help your shoppers to solve their biggest problems. You can
incorporate blog posts, tips, interviews, videos and infographics related to the products you sell. For
example, if you run an eCommerce store focused on fashion products, you can create content that gives
style advice, tips, fashion trends, etc. Always make sure to plan this out on a content calendar
Deliver an Omi channel Customer Experience :-
Your customers are present across all channels on the internet. You should be as well! Omnichannel
marketing can greatly improve conversions. Make sure that the necessary contact details such as email
addresses and contact details are clearly visible on your website.
Incorporate live chat on your website that lets you communicate with your customers in real-time. The
evolution of chatbots has made it easier for the customer service department to be available round-the-
clock and automate responses to frequently asked questions.
Personalize Customer Experience :-
We are in the age of personalization. Personalized emails are no longer sufficient. You need
to personalize the shopping experience throughout the buyer’s journey, based on different variables.
Make use of recommendation engines to suggest personalized product recommendations based on the
user’s location, shopping and browsing history.
Process Drivers for Continuous Service Improvement
Common Service
Language
Service
Communications
Service Improvement
Process
Engaging Service
Vision
Service
Reorganizations &
Rewards
Service recovery &
Guarantee
Service Staff
Recruitment
Voice of Customer
Service
Benchmarking
New staff orientation
Service Measure and
Metric
Service Role
Modeling
Continuous Service Improvement
Customer Experience Vision:-
Amazon’s mission statement is to “serve consumers through online and physical stores and focus
on selection, price, and convenience.” Amazon’s vision statement is “to be Earth’s most customer-
centric company, where customers can find and discover anything they might want to buy online,
and endeavors to offer its customers the lowest possible prices.”
Ab har wish hogi poori!
Flipkart Values :- 1) Customer First 2) Ownership 3) Bias of Action 4) Audacity 5) Respect
To be the leading provider of financial services in India and a major global bank. Mission: ICICI will
leverage our people, technology, speed and financial capital to: be the banker of the first choice
for our customers by delivering high quality, world-class products, and services.
• Dedication to every client's success
• Innovation that matters - for our company and for the world
• Trust and personal responsibility in all relationships
To make the world a more stylish, colorful and happier place. Mission: Use technology to
democratize fashion & lifestyle and help people look good. Myntra is a meritocratic, non-
hierarchical and fun workplace. Our employees are empowered with a high degree of ownership
and accountability.

More Related Content

Similar to Customer Experience -- Type of measurement system s

Cracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency CodeCracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency CodeWorkforce Group
 
Measure what matters to your customer
Measure what matters to your customerMeasure what matters to your customer
Measure what matters to your customerVikas Sharma
 
How to guide - calculating clv (sample)
How to guide - calculating clv (sample)How to guide - calculating clv (sample)
How to guide - calculating clv (sample)Jesse Hopps
 
Calculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To GuideCalculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To GuideDemand Metric
 
Learn the essential customer experience metrics for your brand
Learn the essential customer experience metrics for your brand Learn the essential customer experience metrics for your brand
Learn the essential customer experience metrics for your brand eTailing India
 
Raising customer experience bar with cx tools
Raising customer experience bar with cx toolsRaising customer experience bar with cx tools
Raising customer experience bar with cx toolseTailing India
 
Customer service principles is a necessary module for every student
Customer service principles is a necessary module for every studentCustomer service principles is a necessary module for every student
Customer service principles is a necessary module for every studentfento2011
 
Customer service principles is a necessary module for every student
Customer service principles is a necessary module for every studentCustomer service principles is a necessary module for every student
Customer service principles is a necessary module for every studentfento2011
 
Winning in the age of the customer_final
Winning in the age of the customer_finalWinning in the age of the customer_final
Winning in the age of the customer_finalMelissa Bendon
 
Voice of the Customer_CX-WMCLARKE
Voice of the Customer_CX-WMCLARKEVoice of the Customer_CX-WMCLARKE
Voice of the Customer_CX-WMCLARKEWilliam Clarke
 
5 metrics to strengthen your multichannel sales strategy
5 metrics to strengthen your multichannel sales strategy5 metrics to strengthen your multichannel sales strategy
5 metrics to strengthen your multichannel sales strategydevin simon
 
Customer lifetime value ppttt
Customer lifetime value pptttCustomer lifetime value ppttt
Customer lifetime value pptttJaswinder Singh
 
Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17
Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17
Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17ZodiacMetrics
 
Marketing 101 chapter2 building customer satisfaction
Marketing 101 chapter2 building customer satisfactionMarketing 101 chapter2 building customer satisfaction
Marketing 101 chapter2 building customer satisfactionMarivic Macale
 
A study of brand image of nokia
A study of brand image of nokiaA study of brand image of nokia
A study of brand image of nokiamalay srivastava
 
CHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptx
CHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptxCHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptx
CHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptxivanjoedl
 
Module 3.pptx of Marketing Mangement - Consumer Analysis
Module 3.pptx of Marketing Mangement - Consumer AnalysisModule 3.pptx of Marketing Mangement - Consumer Analysis
Module 3.pptx of Marketing Mangement - Consumer AnalysisBaluJagadish1
 
Profit Through Service
Profit Through ServiceProfit Through Service
Profit Through Servicenormanhuckerby
 
How customer retention makes your business invincible.pdf
How customer retention makes your business invincible.pdfHow customer retention makes your business invincible.pdf
How customer retention makes your business invincible.pdfWebMaxy
 
Best Customer Retention Tactics.pdf
Best Customer Retention Tactics.pdfBest Customer Retention Tactics.pdf
Best Customer Retention Tactics.pdfCXcherryInternship
 

Similar to Customer Experience -- Type of measurement system s (20)

Cracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency CodeCracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency Code
 
Measure what matters to your customer
Measure what matters to your customerMeasure what matters to your customer
Measure what matters to your customer
 
How to guide - calculating clv (sample)
How to guide - calculating clv (sample)How to guide - calculating clv (sample)
How to guide - calculating clv (sample)
 
Calculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To GuideCalculating Customer Lifetime Value How-To Guide
Calculating Customer Lifetime Value How-To Guide
 
Learn the essential customer experience metrics for your brand
Learn the essential customer experience metrics for your brand Learn the essential customer experience metrics for your brand
Learn the essential customer experience metrics for your brand
 
Raising customer experience bar with cx tools
Raising customer experience bar with cx toolsRaising customer experience bar with cx tools
Raising customer experience bar with cx tools
 
Customer service principles is a necessary module for every student
Customer service principles is a necessary module for every studentCustomer service principles is a necessary module for every student
Customer service principles is a necessary module for every student
 
Customer service principles is a necessary module for every student
Customer service principles is a necessary module for every studentCustomer service principles is a necessary module for every student
Customer service principles is a necessary module for every student
 
Winning in the age of the customer_final
Winning in the age of the customer_finalWinning in the age of the customer_final
Winning in the age of the customer_final
 
Voice of the Customer_CX-WMCLARKE
Voice of the Customer_CX-WMCLARKEVoice of the Customer_CX-WMCLARKE
Voice of the Customer_CX-WMCLARKE
 
5 metrics to strengthen your multichannel sales strategy
5 metrics to strengthen your multichannel sales strategy5 metrics to strengthen your multichannel sales strategy
5 metrics to strengthen your multichannel sales strategy
 
Customer lifetime value ppttt
Customer lifetime value pptttCustomer lifetime value ppttt
Customer lifetime value ppttt
 
Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17
Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17
Zodiac & InfoTrust Webinar: The Basics of Customer Lifetime Value 5.9.17
 
Marketing 101 chapter2 building customer satisfaction
Marketing 101 chapter2 building customer satisfactionMarketing 101 chapter2 building customer satisfaction
Marketing 101 chapter2 building customer satisfaction
 
A study of brand image of nokia
A study of brand image of nokiaA study of brand image of nokia
A study of brand image of nokia
 
CHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptx
CHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptxCHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptx
CHAPTER-2-Customer-Service-and-Customer-Reltionship-.docx.pptx
 
Module 3.pptx of Marketing Mangement - Consumer Analysis
Module 3.pptx of Marketing Mangement - Consumer AnalysisModule 3.pptx of Marketing Mangement - Consumer Analysis
Module 3.pptx of Marketing Mangement - Consumer Analysis
 
Profit Through Service
Profit Through ServiceProfit Through Service
Profit Through Service
 
How customer retention makes your business invincible.pdf
How customer retention makes your business invincible.pdfHow customer retention makes your business invincible.pdf
How customer retention makes your business invincible.pdf
 
Best Customer Retention Tactics.pdf
Best Customer Retention Tactics.pdfBest Customer Retention Tactics.pdf
Best Customer Retention Tactics.pdf
 

More from NileshJajoo2

Corporate Leadership lesson to be learned from “Farmer”.pdf
Corporate Leadership lesson to be learned from “Farmer”.pdfCorporate Leadership lesson to be learned from “Farmer”.pdf
Corporate Leadership lesson to be learned from “Farmer”.pdfNileshJajoo2
 
Quality_Journey_--OE Operational Excellence /Process Excellence
Quality_Journey_--OE Operational Excellence /Process ExcellenceQuality_Journey_--OE Operational Excellence /Process Excellence
Quality_Journey_--OE Operational Excellence /Process ExcellenceNileshJajoo2
 
Food Saftey Audits 1.pdf
Food Saftey Audits 1.pdfFood Saftey Audits 1.pdf
Food Saftey Audits 1.pdfNileshJajoo2
 
Quality Journey -- ISO.pdf
Quality Journey -- ISO.pdfQuality Journey -- ISO.pdf
Quality Journey -- ISO.pdfNileshJajoo2
 
Quality Journey -- KANO.pdf
Quality Journey -- KANO.pdfQuality Journey -- KANO.pdf
Quality Journey -- KANO.pdfNileshJajoo2
 
Quality Journey- Measurement System Analysis .pdf
Quality Journey- Measurement System Analysis .pdfQuality Journey- Measurement System Analysis .pdf
Quality Journey- Measurement System Analysis .pdfNileshJajoo2
 
Quality Journey --Six Sigma DMAIC.pdf
Quality Journey --Six Sigma  DMAIC.pdfQuality Journey --Six Sigma  DMAIC.pdf
Quality Journey --Six Sigma DMAIC.pdfNileshJajoo2
 
Quality Journey --Correlation and Regression.pdf
Quality Journey --Correlation and Regression.pdfQuality Journey --Correlation and Regression.pdf
Quality Journey --Correlation and Regression.pdfNileshJajoo2
 
Quality Journey --PDCA.pdf
Quality Journey --PDCA.pdfQuality Journey --PDCA.pdf
Quality Journey --PDCA.pdfNileshJajoo2
 
Quality Journey -- FMEA.pdf
Quality Journey -- FMEA.pdfQuality Journey -- FMEA.pdf
Quality Journey -- FMEA.pdfNileshJajoo2
 
Quality Journey -- Box Plot.pdf
Quality Journey -- Box Plot.pdfQuality Journey -- Box Plot.pdf
Quality Journey -- Box Plot.pdfNileshJajoo2
 
Quality Journey- Feedback Technique.pdf
Quality Journey- Feedback Technique.pdfQuality Journey- Feedback Technique.pdf
Quality Journey- Feedback Technique.pdfNileshJajoo2
 
RCA - Art with Expereince.pdf
RCA - Art with Expereince.pdfRCA - Art with Expereince.pdf
RCA - Art with Expereince.pdfNileshJajoo2
 
Quality Journey -- Process Capability.pdf
Quality Journey -- Process Capability.pdfQuality Journey -- Process Capability.pdf
Quality Journey -- Process Capability.pdfNileshJajoo2
 
Quality Journey --Sampling Process.pdf
Quality Journey --Sampling Process.pdfQuality Journey --Sampling Process.pdf
Quality Journey --Sampling Process.pdfNileshJajoo2
 
Quality Journey -Introduction to 7QC Tools2.0.pdf
Quality Journey -Introduction to 7QC Tools2.0.pdfQuality Journey -Introduction to 7QC Tools2.0.pdf
Quality Journey -Introduction to 7QC Tools2.0.pdfNileshJajoo2
 

More from NileshJajoo2 (17)

Corporate Leadership lesson to be learned from “Farmer”.pdf
Corporate Leadership lesson to be learned from “Farmer”.pdfCorporate Leadership lesson to be learned from “Farmer”.pdf
Corporate Leadership lesson to be learned from “Farmer”.pdf
 
Quality_Journey_--OE Operational Excellence /Process Excellence
Quality_Journey_--OE Operational Excellence /Process ExcellenceQuality_Journey_--OE Operational Excellence /Process Excellence
Quality_Journey_--OE Operational Excellence /Process Excellence
 
Food Saftey Audits 1.pdf
Food Saftey Audits 1.pdfFood Saftey Audits 1.pdf
Food Saftey Audits 1.pdf
 
5S.pdf
5S.pdf5S.pdf
5S.pdf
 
Quality Journey -- ISO.pdf
Quality Journey -- ISO.pdfQuality Journey -- ISO.pdf
Quality Journey -- ISO.pdf
 
Quality Journey -- KANO.pdf
Quality Journey -- KANO.pdfQuality Journey -- KANO.pdf
Quality Journey -- KANO.pdf
 
Quality Journey- Measurement System Analysis .pdf
Quality Journey- Measurement System Analysis .pdfQuality Journey- Measurement System Analysis .pdf
Quality Journey- Measurement System Analysis .pdf
 
Quality Journey --Six Sigma DMAIC.pdf
Quality Journey --Six Sigma  DMAIC.pdfQuality Journey --Six Sigma  DMAIC.pdf
Quality Journey --Six Sigma DMAIC.pdf
 
Quality Journey --Correlation and Regression.pdf
Quality Journey --Correlation and Regression.pdfQuality Journey --Correlation and Regression.pdf
Quality Journey --Correlation and Regression.pdf
 
Quality Journey --PDCA.pdf
Quality Journey --PDCA.pdfQuality Journey --PDCA.pdf
Quality Journey --PDCA.pdf
 
Quality Journey -- FMEA.pdf
Quality Journey -- FMEA.pdfQuality Journey -- FMEA.pdf
Quality Journey -- FMEA.pdf
 
Quality Journey -- Box Plot.pdf
Quality Journey -- Box Plot.pdfQuality Journey -- Box Plot.pdf
Quality Journey -- Box Plot.pdf
 
Quality Journey- Feedback Technique.pdf
Quality Journey- Feedback Technique.pdfQuality Journey- Feedback Technique.pdf
Quality Journey- Feedback Technique.pdf
 
RCA - Art with Expereince.pdf
RCA - Art with Expereince.pdfRCA - Art with Expereince.pdf
RCA - Art with Expereince.pdf
 
Quality Journey -- Process Capability.pdf
Quality Journey -- Process Capability.pdfQuality Journey -- Process Capability.pdf
Quality Journey -- Process Capability.pdf
 
Quality Journey --Sampling Process.pdf
Quality Journey --Sampling Process.pdfQuality Journey --Sampling Process.pdf
Quality Journey --Sampling Process.pdf
 
Quality Journey -Introduction to 7QC Tools2.0.pdf
Quality Journey -Introduction to 7QC Tools2.0.pdfQuality Journey -Introduction to 7QC Tools2.0.pdf
Quality Journey -Introduction to 7QC Tools2.0.pdf
 

Recently uploaded

Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfSumit Tiwari
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application ) Sakshi Ghasle
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Celine George
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17Celine George
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...Marc Dusseiller Dusjagr
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationnomboosow
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...M56BOOKSTORE PRODUCT/SERVICE
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsanshu789521
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxmanuelaromero2013
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 

Recently uploaded (20)

Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Hybridoma Technology ( Production , Purification , and Application )
Hybridoma Technology  ( Production , Purification , and Application  ) Hybridoma Technology  ( Production , Purification , and Application  )
Hybridoma Technology ( Production , Purification , and Application )
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
 
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 
How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17How to Configure Email Server in Odoo 17
How to Configure Email Server in Odoo 17
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
How to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptxHow to Make a Pirate ship Primary Education.pptx
How to Make a Pirate ship Primary Education.pptx
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 

Customer Experience -- Type of measurement system s

  • 1. Customer Experience Nilesh Jajoo Content :- 1) Customer Experience Journey and measuring system • What’s is Net Promoter System • Customer Satisfaction (CSAT) • Customer Effort scores • CSAT v/s CES v/s NPS • CLV – Customer Life Value • Customer Churn • FCR /Repeat /Reopen 2) Customer Experience v/s Customer Satisfaction? 3) Drivers for Customer Experience 4) Case Study ( Customer Experience Training for TfL) 5) What customer value most in their customer experience? 6) Customer Experience Value Tree 7) Improve Customer Experience for e-Commerce -- Delight your customer , Surprise your Shoppers , Build a community , Up your social media game , Follow an Impactful strategy , Deliver an Omni Channel Customer Experience , Personalize Customer Experience 8) Process Drivers for Continuous Service Improvement 9) Customer Experience Vision
  • 2. What Is Net Promoter System? NPS stands for Net Promoter Score. An easy way to define NPS is to think of it as a growth indicator. After all, it’s a customer satisfaction metric that helps you find out: • How satisfied consumers are with your products/services; • How loyal they are to your brand; • How likely customers are to recommend your company to others At the same time, you can also use this metric to predict your customer churn rate, and find out which clients require an extra boost to become loyal. How Customer Experience is measured? • NPS (Net Promoter Scores) • CSAT (Customer Satisfaction) • Customer Lifetime Value ( CLV) • Customer Effort Scores (CES) • Churn Rate • Retention Rate • FCR /Repeat/Reopen Give customers a great experience and they’ll buy more, be more loyal and share their experience with friends. Great. That’s what every company strives for. What truly makes for a good experience? Speed. Convenience. Consistency. Friendliness. And one big connector: human touch—that is, creating real connections by making technology feel more human and giving employees what they need to create better customer experiences.
  • 3. Customer Satisfaction Score (CSAT) CSAT stands for Customer Satisfaction Score (not very intuitive, we know), and it – like the name implies – is a CX metric that directly measures customer satisfaction levels. CSAT surveys are ideally sent when you want to see how happy clients are with an action your business took, or certain aspects of your products/services Customer Effort Score (CES) CES stands for Customer Effort Score. A good CES definition outlines it as a metric that’s used to measure customer satisfaction levels by focusing on the efforts customers make to interact with your business’ services and products. The idea is for the survey to help you find out if customers have a hard time performing certain actions when interacting with your brand, and take the necessary actions according to the survey data to streamline processes. CES surveys are usually used: Right after a client interacted with customer support Immediately after a customer interacted with a product/service and made a purchase/got a subscription Whenever a business wants to measure the overall experience consumers have with their products/services How Does It Work? CSAT surveys normally feature a question asking clients how satisfied they are with a certain service, product, or interaction with your brand. Here’s an example of a CSAT question “How would you rate your overall satisfaction with the service you received?” CSAT surveys aren’t limited to a single question. If you want, you can use multiple questions and have open- ended and closed-ended questions in the same survey
  • 4. CSAT/CES/NPS Customer Lifetime Value (CLV) Customer lifetime value (CLV) is one of the key stats likely to be tracked as part of a customer experience program. CLV is a measurement of how valuable a customer is to your company with an unlimited time span as opposed to just the first purchase. This metric helps you understand a reasonable cost per acquisition. CLV is the total worth to a business of a customer over the whole period of their relationship. It’s an important metric as it costs less to keep existing customers than it does to acquire new ones, so increasing the value of your existing customers is a great way to drive growth. Example :- If the CLV of an average coffee shop customer is $1,000 and it costs more than $1,000 to acquire a new customer (advertising, marketing, offers, etc.) the coffee chain could be losing money unless it pares back its acquisition costs. Knowing the CLV helps businesses develop strategies to acquire new customers and retain existing ones while maintaining profit margins. CLV is distinct from the NPS that measures customer loyalty, and CSAT that measures customer satisfaction because it is tangibly linked to revenue rather than a somewhat intangible promise of loyalty and satisfaction. How Do You Measure CLV? Some companies don’t attempt to measure CLV, citing the challenges of segregated teams, inadequate systems, and untargeted marketing. When data from all areas of an organization is integrated however, it becomes easier to calculate CLV. CLV can be measured in the following way: • Identify the touch points where the customer creates the value
  • 5. • Integrate records to create the customer journey • Measure revenue at each touch point • Add together over the lifetime of that customer • At its simplest, the formula for measuring CLV is: Customer revenue minus the costs of acquiring and serving the customer = CLV Note :- CLV is a great metric to track and optimize, but one thing to keep a close eye on too is the cost of that customer to your business. This is where Cost to serve comes in. If the cost of serving an existing customer becomes too high, you may be making a loss despite their seemingly high CLV. Understanding these numbers over time and being able to track them side by side is the only way to get a true understanding not only of what’s driving customer spend and loyalty but also what it’s delivering back to the business’s bottom line. Customer Churn Rate Customer churn rate is a measure of how many customers stopped buying from your business or canceled their service in a given period of time. Basic churn rate is calculated by determining the customers lost during a timeframe and dividing it by the total number of customers at the start of the timeframe. HOW TO CALCULATE BASIC CUSTOMER CHURN RATE :- To start, choose a timeframe for your calculation. Companies typically calculate monthly customer churn rates but you could also do quarterly or annually. In this timeframe, determine the customers lost and divide it by the total number of customers at the beginning of the month.
  • 6. First Contact Resolution (FCR) First Contact Resolution measures the number of customers whose question or request is resolved on the first attempt You can define FCR criteria based on your unique business by answering questions such as, ‘Is FCR affected when a customer contacts the wrong department,’ or ‘Does FCR include abandoned calls?’ or ‘Does resolved mean that the customer’s problem was solved and they were satisfied?’ The formula for calculating FCR will differ according to how you define the criteria. However, here’s a basic way to calculate it: Reverse of FCR – can be calculated as Repeat /Reopen Formulas for Repeat / Reopen /FCR varies from process to process, customer to customer – basis the business requirement Customer Service v/s Customer Experience
  • 7. Drivers for Customer Experience Case Study :-1 Hello London: Customer Experience Training for TfL (https://stepsdrama.com/portfolio_page/customer-experience-training-for-london-bus-drivers/) Objective :- Designing, delivering, implementing and reinforcing an engaging customer experience programme for all 26,000 drivers, managers and garage support staff on London’s bus network. Customer experience programme we created (named ‘Hello London’) was designed around the customer’s perceptions of the service that they receive and it focused n the following themes: • Buses not always stopping. • Drivers could be more helpful and acknowledge their customers. • Drivers could be better at managing conflict – and sometimes left customers with the perception that the driver had been rude or showed offensive behaviour.
  • 8. • Customers could be better informed about their journey by more driver announcements being made. The project’s key objectives were centred on the four issues highlighted above. This is because the drivers themselves would all have direct influence on whether the feedback could be improved. https://youtu.be/NZ2nSh84Wm4 The improvements seen from the 2-day programme were also tracked in TfL’s Bus Customer Satisfaction Survey, and the results as of Autumn 2019 were : • Driver friendliness and helpfulness increased by 12%. • Customer complaints were down 41%. • Customer commendations are currently at their highest level since the survey began, with a 77% increase. • 12% decrease in customer complaints about buses not stopping • 57% increase in drivers making announcements when needed. What customer value most in their customer experience:- Prices and Quality remain top of mind for customers as they make purchasing choices. But when customer think about their interactions, positive experience influences purchasing decision in almost every industry. Ecommerce (78%) , HealthCare (82%) , Banking (75%) , Restaurants & Food (76%) , and Telecom (63%) Level of Importance C S A T
  • 9. Customer Experience Value Tree :- The relative weight of each of these drivers can be derived through statistical modelling. In order to manage the elements that drive value, a company needs to establish their customers’ perception of their performance and also the perceived performance of their competition Improve Customer Experience for ecommerce :- Delight your customers:- Some customer delight ideas for e-commerce are as follows • Loyalty points after customers purchase products, which can be redeemed later • Thank you emails after shopping • Referral program that will give benefits to both your existing customers, and new shoppers as well • Free gifts such as t-shirts, mugs or key chains along with the order to your most loyal customers Surprise your Shoppers :- Online buyers like surprises. You can introduce surprises during the buyer’s journey to enhance the customer experience. It is often recommended to offer free shipping. Improve your sales by implementing this strategy a bit differently. Instead of being brazen about it, mention it during the checkout process. This will encourage the shopper to buy from you again and help spread your word of mouth in their network.
  • 10. Build a community :- A community is a group of people who are die-hard fans of your products. It is the end result of everything you do, represent and stand for as a brand. Community members are advocates of your products. Social media and email are two of the most potent channels to build a community Up your social media game :- Social media allows brands to project their unique brand voice. If it’s not feasible for you to have a dedicated social media person at the moment, chalk out a specific amount of time every day to respond to social media queries pertaining to your store. Make sure to address each query and review whether positive or negative on Facebook, Twitter, Instagram etc. Follow an Impactful strategy :- The purpose of content marketing is to help your shoppers to solve their biggest problems. You can incorporate blog posts, tips, interviews, videos and infographics related to the products you sell. For example, if you run an eCommerce store focused on fashion products, you can create content that gives style advice, tips, fashion trends, etc. Always make sure to plan this out on a content calendar Deliver an Omi channel Customer Experience :- Your customers are present across all channels on the internet. You should be as well! Omnichannel marketing can greatly improve conversions. Make sure that the necessary contact details such as email addresses and contact details are clearly visible on your website. Incorporate live chat on your website that lets you communicate with your customers in real-time. The evolution of chatbots has made it easier for the customer service department to be available round-the- clock and automate responses to frequently asked questions. Personalize Customer Experience :- We are in the age of personalization. Personalized emails are no longer sufficient. You need to personalize the shopping experience throughout the buyer’s journey, based on different variables. Make use of recommendation engines to suggest personalized product recommendations based on the user’s location, shopping and browsing history. Process Drivers for Continuous Service Improvement Common Service Language Service Communications Service Improvement Process Engaging Service Vision Service Reorganizations & Rewards Service recovery & Guarantee Service Staff Recruitment Voice of Customer Service Benchmarking New staff orientation Service Measure and Metric Service Role Modeling Continuous Service Improvement
  • 11. Customer Experience Vision:- Amazon’s mission statement is to “serve consumers through online and physical stores and focus on selection, price, and convenience.” Amazon’s vision statement is “to be Earth’s most customer- centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices.” Ab har wish hogi poori! Flipkart Values :- 1) Customer First 2) Ownership 3) Bias of Action 4) Audacity 5) Respect To be the leading provider of financial services in India and a major global bank. Mission: ICICI will leverage our people, technology, speed and financial capital to: be the banker of the first choice for our customers by delivering high quality, world-class products, and services. • Dedication to every client's success • Innovation that matters - for our company and for the world • Trust and personal responsibility in all relationships To make the world a more stylish, colorful and happier place. Mission: Use technology to democratize fashion & lifestyle and help people look good. Myntra is a meritocratic, non- hierarchical and fun workplace. Our employees are empowered with a high degree of ownership and accountability.