The document discusses customer satisfaction and retention. It emphasizes that customers must be the top priority for an organization and that reliable customers who repeatedly purchase are most important. Customer satisfaction comes from providing high quality products and understanding how customers define value based on factors like product quality, service, personnel, image, price, and overall cost. Organizations should identify customer pains like costs and difficulties, as well as gains like savings and expectations. Creating a value proposition canvas can help design products and services that address customer jobs, pains, and gains to achieve the best fit between customer needs and what is offered.
4. Understanding customer
deïŹned quality
âą The customer must be the organizationâs top
priority.
âą Reliable customers are the most important
customers. Reliable customer is one who buys
repeatedly.
âą Customer satisfaction is ensured by producing high
quality products.
8. Customer DeïŹned Value
âą It is important for organization to understand how cutomers deïŹne value.
âą Customer perception :
âą Product or service quality
âą Service provided by the organization
âą The organizationâs personel
âą The organizationâs image
âą Selling price of the product or service
âą Overall cost of the product or service
9. Service Quality Indicator
âą Example (Fedex)
âą Delivery on the wrong day
âą Customer Complaints
âą Damage packages
âą etc.
10.
11. A value proposition is a bundle of products &
services that create value for your customer
12. A canvas helps you design, test, and build your
companyâs value proposition in a more structured way
46. Customer Value analysis
1. Determine what attributes customers value most
2. Rate the relative importance of the attributes
3. Assess your organizations performance relative to the
priorized list of attributs
4. Ask customers to rate all attributs of your product of
service against the same attributes of a competitor
product of service
5. Repeat the process periodically