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In Temkin Group report, ROI of Customer Experience, 2014 , we found that a modest improvement in customer experience can generate an average of $437.5 The 2014 Temkin Experience Ratings of fast food chains shows that McDonald’s is tied for 16th spot out of 19 QSRs. I applaud McDonald’s for the move.
Related: State of CX Management, 2014 ). Related: WL Gore Succeeds Without Employees ). It all starts with employeeengagement. Cannon said that EmployeeEngagement is a precursor to CX. Related: The Untapped Value of EmployeeEngagement (Infographic) ).
The report provides insights from 8 finalists in the Temkin Group’s 2014 CX Excellence Awards. Here’s the executive summary: This year, we chose eight organizations as finalists for Temkin Group’s 2014 Customer Experience Excellence Award. This report has rich insights about both B2B and B2C customer experience.
This graphic from the report “ The ROI of Customer Experience, 2014 ” shows the connection between CX and loyalty. Temkin Group’s research has shown that customer experience leaders demonstrate four CX core competencies : Purposeful Leadership , Compelling BrandValues , EmployeeEngagement , and Customer Connectedness.
In my post last year, I named 2014 “ The Year of Empathy.” With this post, I’m declaring 2015 “ The Year of the Employee.”. Voice of the employee efforts are becoming an integral component of modern voice of the customer programs. A strong brand provides guidance and motivation for employees and clarifies CX priorities.
Elaborating on this maxim, I would also like to add that unhappy customers can ruin the brandvalue in minutes. And we all know, what goes online, reaches everyone and hampers the brand image as well. Consumers’ trust in retailers and manufacturers has declined by more than half since 2014. Source: Deloitte ) Tweet this.
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