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assessing the economic value of making the …(评估的经济价值,使u2026)
Point of View
Assessing the Economic Value of Making the Right Customer
Satisfaction Decisions—and the Impact of Dissatisfaction on Churn
By Joel Barbier, Andy Noronha, and Amitabh Dixit,
Cisco® Internet Business Solutions Group (IBSG)
Research shows that addressing customer dissatisfaction issues and improving customer
loyalty can be a very profitable strategy. This paper summarizes Cisco IBSG secondary
research findings that provide useful references when it comes to quantifying decisions that
impact customer satisfaction.
More specifically, it provides:
● Quantified examples of how customer dissatisfaction causes churn
● A methodology to size the value associated with improving customer satisfaction
Debunking Several Myths About Customer Satisfaction
More often than not, enterprise decision makers dismiss customer experience and
satisfaction as quantifiable drivers of revenue growth and profitability. Many executives feel
that costly levels of customer care are required to exceed customer expectations. Others
argue that despite a negative customer experience, it is not economical to reach a superior
level of service, as most customers will remain loyal to a company and relatively few will
actually leave. Finance executives also often argue that improving customer loyalty is a “soft”
metric and cannot be considered when assessing the economic value of an investment.
Research indicates that these common ideas may result in making the wrong decisions
about customer service. It shows that poor customer experience may result in either lower
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