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I believe " Successful CRM/CXM " is about competing in the relationship dimension. Not as an alternative to having a competitive product or reasonable price- but as a differentiator. If your competitors are doing the same thing you are (as they generally are), product and price won't give you a long-term, sustainable competitive advantage. But if you can get an edge based on how customers feel about your company, it's a much stickier--sustainable--relationship over the long haul.
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Wishing you Most and More of Life,
Dinesh Chandrasekar DC*

Sunday, July 18, 2010

Customer Experience Mgt is the NexGen CRM



At the Gartner Customer 360 conference, Ed Thompson, Gartner's VP and distinguished analyst, provided a compelling presentation entitled How to Boost Customer Experience. This is one of the hot topics that has the CRM community all abuzz. But what exactly does Ed mean by "customer experience"? If you were to ask five different people in your organization to define "customer experience", you would in all likelihood get five different interpretations.
Luckily, Ed and a team of Gartner analyst spent 4+ months of their highly billable time deriving Gartner's official definitions of "customer experience" and "customer experience management" (CEM). And better yet, they encourage those who don't have definitions to leverage theirs as a starting point. Very generous! Thank you Gartner.
So without further adieu, here are their crisp, clean, and concise definitions:
Gartner defines customer experience as:



  • "The customer's perceptions and related feelings caused by the one-off and cumulative effect of interactions with a supplier's employees, channels, systems or products."

  • "The practice of designing and reacting to customer interactions in order to meet or exceed customer expectations and so increase customer satisfaction, loyalty and advocacy."

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