InMoment XI

DECEMBER 10, 2024

The Importance of Reducing Customer Churn A customer-centric approach cant succeed without addressing customer churn. Here are a few reasons why reducing churn is essential for business gains: It increases revenue stability : Retaining customers ensures a steady revenue stream, helping you minimize acquisition costs.

Customer Journeys 195

Customer Journeys ROI Net Promoter Score Multi-Channel 195

ijgolding

MAY 17, 2017

An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. If you don’t have a competitive advantage, don’t compete. Creating one of the most customer centric brands on the planet is obviously a major reason why.

Customer Centricity 181

Customer Centricity Leadership Competitive Advantage Sports 181

eglobalis

OCTOBER 9, 2024

When customers provide feedback, especially in the B2B space, the temptation is often to take their requests at face value and immediately begin development. After all, customer-centric businesses thrive on understanding and addressing their customers’ needs. Will it open new market opportunities?

Feedback 486

Feedback ROI Innovation B2B 486

InMoment XI

OCTOBER 23, 2024

Here are a few reasons why customer experience in banking is an even bigger competitive advantage than ever before: It helps build trust during uncertain times. In a period of financial anxiety, customers are looking for institutions they can trust. This created a customer-centric culture that increased its revenue by 5%.

Banking 195

Banking Customer Experience Effort Score Financial 195

eglobalis

DECEMBER 4, 2024

CX as a Discipline Drives Competitive Advantage In B2B industries, CX is a differentiator that creates loyalty and drives business outcomes. Companies that invest in CX gain a competitive edge that cannot be replicated by automation alone. This human-led initiative strengthens customer retention and drives revenue growth.

B2B 367

B2B Culture Government Innovation 367

Experience Investigators by 360Connext

APRIL 23, 2024

The landscape of consumer expectations is constantly evolving, and understanding the value of customer experience has emerged as a cornerstone for businesses aiming to sustain growth and maintain a competitive advantage. Understanding Customer Experience Management (CEM) Let’s start at the beginning.

ROI 260

ROI CEM Net Promoter Score Customer Experience 260

Hello Customer

MAY 19, 2021

Organizations have multiple touchpoints which define their level of customer centricity. Since it plays a critical role in defining the level of customer centricity within the organization it can’t be overlooked. Because it’s a crucial driver to create customer loyalty. Game-changing potential.

Competitive Advantage 98

Competitive Advantage Customer Care Customer Centricity Contact Center 98

CSM Magazine

DECEMBER 17, 2024

Customer satisfaction is enhanced by the fact that they can get assistance at any time, and this also helps in building better relationships with clients. Increased Customer Retention and Loyalty When you make sure your customers always have access to help, theyre more likely to trust you and stick with your business.

Competitive Advantage 52

Competitive Advantage Customer Retention Customer Satisfaction Loyalty 52

Alida

JUNE 23, 2017

Contrary to popular belief, Amazon’s biggest competitive advantage is not innovation. To truly understand Amazon’s success, you have to go back to its founder, Jeff Bezos, whose obsession with customer-centricity is widely publicized. “If Customer retention in grocery business now more critical than ever.

Retail 153

Retail Competitive Advantage Customer Centricity Innovation 153

Kayako

SEPTEMBER 14, 2018

Why does live chat reign supreme over every other customer support channel, even while 47% of consumers haven’t had a positive live chat experience in the last month? Let’s talk about the 4 main reasons live chat is so powerful for driving revenue and boosting customer retention —and how your business can capitalize on them.

Loyalty 180

Loyalty Sales Competitive Advantage Ecommerce 180

Retently

MARCH 11, 2025

But CX isnt just about making things easier its a major competitive advantage. That means a CX Manager isnt just responsible for handling customer concerns; theyre shaping how customers feel about the brand, turning one-time buyers into lifelong fans. If a brand cant deliver, shoppers will switch to one that can.

Ecommerce 115

Ecommerce Self Service Customer Experience Management 115

InMoment XI

SEPTEMBER 5, 2024

Why Voice of the Customer Is Important Voice of the Customer data is important for several reasons in business and product development. Primarily, Voice of the Customer programs help organizations become more customer-centric by understanding customer needs, preferences, and expectations.

Effort Score 195

Effort Score Net Promoter Score Customer Journeys Metrics 195

TeamSupport

APRIL 26, 2019

Many are turning to emerging technologies and processes, like the ones below, to develop customer-centric strategies. How to optimize the B2B customer experience for a competitive advantage. Rather, it will provide service teams with an opportunity to foster more one-to-one connections with their customer base.

Competitive Advantage 55

Competitive Advantage Customer Service Self Service How To 55

PeopleMetrics

FEBRUARY 6, 2025

AI can highlight that customer sentiment is plummeting due to a new policy change. AI doesnt create a customer-centric cultureleaders do. Tying CX to Financial Performance: AI can connect NPS, CSAT, and other CX metrics to customer retention and revenue growth, showing direct ROI.

Leadership 62

Leadership Competitive Advantage Effort Score NPS 62

ImprintCX Articles

NOVEMBER 12, 2024

Customer experience is often considered the cornerstone of a successful business strategy, but collaboration itself may be the keystone holding this strategy together. CX-led collaboration drives: Improved Customer Retention : Data from Forrester shows that CX-driven collaboration can improve customer retention rates by up to 50%.

Customer Experience 52

Customer Experience Chief Customer Officer Competitive Advantage Customer Retention 52

InMoment XI

JULY 23, 2024

The Importance of Customer Experience in Ecommerce The importance of positive CX in ecommerce cannot be overstated. A positive ecommerce customer experience leads to higher customer retention, increased word-of-mouth referrals, and ultimately, higher sales.

Ecommerce 195

Ecommerce Measurement Customer Journeys Customer Experience 195

Horizon CX

APRIL 1, 2024

Customer experience maturity is a way of measuring an organization’s ability to design and deliver a consistently positive customer experience. These characteristics may include: Customer-centric culture: The organization has a culture that is obsessed with the customer and focused on meeting their needs.

Customer Journeys 130

Customer Journeys Touchpoint Customer Centricity Competitive Advantage 130

Doug Leather

APRIL 30, 2014

Customer-Centric? Yet he was adamant he had ‘customer-centricity’ under control. A refusal to really understand what customer-centricity is all about. And what really agitates me is a verbal commitment made to developing themselves as an internationally recognised exemplar of customer experience.

Customer Centricity 49

Customer Centricity Competitive Advantage Customer Relationship Management Leadership 49

Doug Leather

MARCH 19, 2014

I admit that I’m a customer-centric evangelist because quite frankly, how else can you build meaningful competitive advantage? Customer-centricity is all about differentiation and it’s almost impossible to sustain differentiation around product, price and distribution footprint. I’m guilty!

Customer Centricity 51

Customer Centricity Competitive Advantage Leadership Customer Relationship Management 51

InMoment XI

DECEMBER 7, 2023

As competition and buyer empowerment compound, customer experience (CX) is proving to be the only truly durable competitive advantage. Companies that earn $1 billion annually can expect to earn on average an additional $700 million within 3 years of investing in customer experience.

Metrics 195

Metrics Net Promoter Score Measurement Customer Experience 195

InMoment XI

FEBRUARY 2, 2024

Studies have shown that companies that engage with customer feedback can see up to a 5-10% increase in customer retention rates. It lets customers know that there’s a human behind your brand, and you’re open and receptive to changing your processes if inefficiencies are continually being called to attention.

Hospitality 195

Hospitality Call Center Retail NPS 195

BirdEye

MARCH 6, 2025

From cutting costs to streamlining operations and improving customer retention , there are multiple reasons why they matter to businesses of all sizes. Heres how they can help: Reducing costs while boosting efficiency AI chatbots can cut customer service costs by up to 30%. The result?

Chatbots 52

Chatbots Customer Engagement Engagement Marketing 52

CCO Council

JUNE 24, 2014

Last week, I described recent research conducted by the CCO Council into the impact of the chief customer officer on company financials. Customer Centricity is a two-year investment. Developing and improving customer strategy is a profitable but longer-term investment. Everyone says they are customer centric.

Chief Customer Officer 85

Chief Customer Officer Customer Centricity Competitive Advantage B2C 85

Doug Leather

MARCH 4, 2014

There is very little new about the concept of customer-centricity. In these instances it’s almost impossible to operationalise around ‘the customer.’ Developing and implementing organisational capabilities that enable a customer-centric business model creates structural and integration challenges. Let’s face it.

Customer Centricity 44

Customer Centricity Strategy Competitive Advantage Customer Relationship Management 44

Blake Morgan

JANUARY 20, 2022

These 30 top blogs cover a wide variety of CX-related topics, from creating a customer-centric culture to refining the contact center or delivering personalized experiences. With more than 30 years of experience in all areas of CX, Annette uses her blog, CX Journey, to help transform business culture to become customer-centric.

Case Study 96

Case Study Customer Journeys Competitive Advantage Customer Centricity 96

Thematic

FEBRUARY 24, 2025

That’s the power of customer experience insights—real-time feedback and data-driven analysis that help businesses understand what customers want, what frustrates them, and how to improve their journey. Companies that actively apply customer insights boost retention, loyalty, and competitive advantage.

Strategy 62

Strategy Customer Experience Social Media Handbook 62

PeopleMetrics

AUGUST 25, 2015

Work with your crew to build a customer-centric culture. For potential customers, you’re one of many ships at sea. A culture centered on customer centricity creates a competitive advantage. But if you can build a customer-centric culture , you can elevate your products beyond specs and features.

Customer Centricity 48

Customer Centricity How To Competitive Advantage Culture 48

DCX

JULY 30, 2024

Think about it: What could you achieve if your whole team caught your customer-centric fire? Your customers are counting on you. A CX Leader's Guide to Organizational Buy-In As a CX leader, you know that customer centricity is the cornerstone of business success in today's market. Don't let your passion fizzle out.

Customer Centricity 52

Customer Centricity Customer Journeys Case Study Customer Satisfaction 52

SurveySensum

JULY 26, 2023

It’s like a game of “now you see them, now you don’t” with customers jumping ship to competitors in the blink of an eye if they don’t feel valued and satisfied. It is far more expensive to acquire new customers than to retain existing ones and brands understand that. But why is that a big issue?

Customer Retention 52

Customer Retention Retail Strategy Social Media 52

ShepHyken

JULY 26, 2019

Let’s Get Acquainted With the Term Customer Experience. Mainly referring to a customer’s perception of their overall interactions, customer experience has been considered as a critical driver of customer retention and acquisition. 5 Ways to Enhance Customer Experience. Consumer research. Marketplace data.

Software 118

Software Strategy Company Customer Experience 118

PeopleMetrics

JUNE 12, 2015

In customer experience management, we use transactional surveys to guide actions for customer centricity. If we could generate one major emotional response per customer segment, what would it be? Customer understanding gives you a competitive advantage.

Customer Centricity 48

Customer Centricity Hotels Competitive Advantage Survey 48

Thematic

MARCH 2, 2025

Driving Smarter Business Decisions and Innovations Companies that embrace data-driven customer insights gain a competitive advantage. Customer-obsessed organizations report 41% faster revenue growth than those that are not. This allowed them to improve features based on real customer needs.

Customer Insights 62

Customer Insights Analysis Social Media Analytics 62

Retently

MARCH 10, 2022

Great customer success is perhaps the single greatest defense you have against high churn. Some of the areas where the churn rate is affected most significantly are during the Onboarding, Product Adoption, Customer Retention , and Product Expansion stages. Create a customer-centric culture.

Self Service 146

Self Service Poor Customer Service e-support Customer Success 146

Kustomer

AUGUST 26, 2022

Customer service expert and New York Times bestselling author Shep Hyken hosts this dynamic customer-centric podcast. Hyken brings together leading professionals and customer experience experts who offer tangible tips and insights specifically to take your business to the next level of success. Crack the Customer Code.

Customer Experience 95

Customer Experience Chief Customer Officer Competitive Advantage Hospitality 95

Playvox

JANUARY 24, 2022

Delivering exceptional customer experiences is the new competitive advantage. Measuring the customer experience makes it easier to ensure that both your routine interactions and the moments that matter meet and exceed customer expectations. 86% of buyers will pay more for a great customer experience.

Contact Center 88

Contact Center Measurement Customer Experience Net Promoter Score 88

SurveySensum

JULY 11, 2023

This is how they boost customer loyalty by creating a sense of value and incentivizing repeat visits. Customer Retention Domino’s is a great example of how customer experience can impact customer retention! They take their customer retention strategy a step further. How do they do it?

Brands 83

Brands Customer Experience Effort Score Rewards Programs 83

DCX

FEBRUARY 4, 2025

They love talking about revenue, retention, and efficiency. So, instead of saying, "We need to improve NPS by 10 points," say: "If we increase NPS by 10 points, we’ll see a 3% boost in customer retention, reducing churn-driven revenue loss by $5M." "By Ensure it delivers measurable results in 60 days.

How To 52

How To Self Service Leadership Effort Score 52