The document discusses the importance of customer experience and feedback. Some key points:
- Customers' perceptions of a brand are based on their experiences, not what a company thinks of itself.
- Studies show that customers are willing to pay more for great customer experience. However, many companies have not started formal customer experience initiatives.
- By 2020, customer experience is projected to be the most important product differentiator over brand and price.
- Most unsatisfied customers do not provide feedback but simply leave. Companies should actively seek feedback to understand customer satisfaction.
- Customer experience significantly influences purchasing decisions.
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