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RESEARCH METHODOLOGY.pptx

  1. RESEARCH METHODOLOGY NAME OF THE ARTICLE:- “Stop Trying to Delight Your Customers” by Matthew Dixon, Karen Freeman, and Nick Toman
  2. INTRODUCTION • The article challenges the widely held belief that companies should aim to "delight" their customers through exceptional customer service. Instead, the authors argue that reducing customer effort is a more effective way to Increase customer loyalty and satisfaction. • They conducted research and found that customers who reported low levels of effort in resolving their issues were more likely to repurchase, recommend the company to others, and increase their spending with the company. • Overall, the authors make a compelling case for why companies should shift their focus from delighting customers to making it easy for them to achieve their goals when interacting with the company.
  3. OBJECTIVES • To challenge the widely held belief that companies should aim to "delight" their customers through exceptional customer service. • To argue that reducing customer effort is a more effective way to increase customer loyalty and satisfaction. • To offer practical strategies for reducing customer effort, such as streamlining processes, empowering employees, and anticipating customer needs. • To provide insights and recommendations that can help companies improve their customer service and ultimately drive business success.
  4. AREA OF STUDY The article is relevant to several areas of study, including: • Customer service: The article offers insights into how companies can improve their customer service processes to better meet the needs. • Marketing: The article highlights the importance of customer satisfaction and loyalty in driving revenue growth, and how companies can use customer service as a tool for building customer loyalty. • Management: The article emphasizes the need for companies to empower their customer service representatives to solve customer problems on their own, and to proactively identify. • Consumer behavior: The article sheds light on how customer expectations and preferences have evolved over time. • Business strategy: The article argues that reducing customer effort can be a key competitive advantage for companies, and that companies that prioritize customer service are more likely to succeed in the long run
  5. SAMPLING TECHNIQUE AND DESIGN • The study is based on a sample of customer service interactions across multiple industries. • The study includes data from over 75,000 customers, spanning over two years. • The study includes data from both business-to-consumer (B2C) and business-to-business (B2B) companies. • The study includes data from companies of different sizes, from small businesses to large corporations. • The study uses quantitative data analysis techniques, such as regression analysis and correlation analysis. • The study also includes qualitative data from interviews with customer service representatives.
  6. SOURCE OF DATA OF TECHNOLOGY THAT WILL AFFECT THE FUTURE CUSTOMER SERVICE: • Disposability in Society. • Throw-Away Society • Barriers to Women Empower • Feminist Poem Analysis • In conclusion, As technology continues to evolve, we can expect to see even more innovative ways of gathering and analysing customer data to improve customer service
  7. STATISTICAL TOOLS USED- Three metrics used- Customer satisfaction (CSAT) Net promoter score (NPS) Customer effort score (CES) Not surprisingly, CSAT was a poor predictor. NPS proved better (and has been shown to be a powerful gauge at the company level). CES outperformed both in customer service interactions.
  8. Limitations of Customer Service and how to Overcome them- •Rude communication of customer service staff •Lack of unified customer view •Poor after-sales support •Fail to meet commitments •Excessive customer service automation
  9. CONCLUSION Customer service is the support you offer your customers — both before and after they buy and use your products or services — that helps them have an easy, enjoyable experience with your brand. Customers will go where they are treated fairly and with respect, and even spend more money at such a business. Hence, investing in customer service helps activate your flywheel because loyal customers will help you acquire new customers free of charge by convincing prospects to interact with your brand. Their positive testimonials will be more effective than your current marketing efforts—and cheaper, too.
  10. TEAM - 3 ADITI CHOURASIA – 22BCR00337 LOKESH KH – 22BCR00362 HARISH AGARWAL – 22BCR00584 RAO SRIKEERTHI – 22BCR00355 DIPANSHU SURANA – 22BCR00341
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