|
Religence Frequently
Asked Questions (FAQs)
4.
We've been using customer satisfaction as a basis for measuring
effectiveness. Is the Religence Framework compatible with that approach?
Certainly.
Looking at the most satisfied customers or those who advocate for
your
company are commonly used ways of segmenting for profitability.
We have decades of experience in doing highly personal in-depth
interviews for Voice of the Customer (VoC) insight paired with quantitative
studies. With this experience, we know the challenges of really
understanding what is going on with customers when attitudes and
perceptions tracking research is used by itself without the benefit
of accompanying one-on-one interviews to direct and calibrate it.
What people SAY in quantitative studies isn't always what people
DO. We believe in the VoC approach so much that we've built it into
the Religence Framework to tap customer attitudes at critical events
for better customer retention—with the person interacting with the
customer collecting the data.
So it's good that you have satisfaction research to draw upon. We
build on attitudes and perceptions tracking research like this.
- We use what you have with supplemental interviews as necessary,
to estimate where your customers are in the customer lifecycle,
until you can actually track them individually in the Religence
Framework, based on what they DO.
- The Relationship Value built as the relationship develops
can be a leading indicator for profit. Profit follows after relationships
are built, so there is a lag time before the value created is seen
as profit. Still later, that is reflected in customer satisfaction,
as customer evaluate their relationship to the company. Calibrating
Relationship Value, which is a leading indicator, with customer
satisfaction, which is a lagging indicator, enables a more robust
outlook. Additionally, Relationship Value has the advantage of not
just looking at Retention, but at Acquisition and Closing stages
in the customer relationship as well. The relationship with customers
begins from the very first interaction.
Return
to FAQ's
|
|