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What is CX?
The idea of Customer Experience (CX) as a business strategy has strong roots over the past 25 years. And the rise in CX continues to be strong according to
Harvard Business Review
,
Gartner
,
Forrester
, and
PWC
. However, with the rise in discussions about Customer Experience, there has also been a rise in misunderstanding about CX, how a company can be successful through CX management, and the benefits that a company can expect from CX done right. CXPA interviewed an international panel of CX practitioners, consultants, and academics to provide this independent, platform-agnostic introduction to CX.
Customer Experience (CX)
the perception that customers have of an organization
- one that is formed based on interactions across all touchpoints, people, and technology over time.
CX Management
the set of practices that an organization employs to meet (or exceed) customers’ expectations.
A CX Professional
a catalyst who enhances an organization's results by understanding, designing, and improving experiences across the entire customer relationship.
A
Culture
of Customer-Centricity
Every aspect of the corporate culture – from the top-down is focused on the customer.
Leadership has a shared vision.
CX strategy is linked to corporate strategy.
Brings the customer to the boardroom table.
C-Suite understands what customers care about and builds the company around their wants.
Customers' well-being is #1
Employees are engaged and mobilized around the customer.
The Realization of the Rewards
Every customer experience gain contributes to positive business performance outcomes.
Financial
ROI, ROE, and CLV
Revenue and Profit
Cost savings
Stock value
Social
Positive word-of-mouth
Uplifted reputation
Improved legacy
Admirable growth
Operational
Competitive advantage
Customer loyalty and retention
Smarter resource expansion
Effective, efficient operations
Greater customer acquisition
Organizational
Happier employees
Employee loyalty
Organizational alignment
Workplace of choice
Holistic Alignment of Systems and Structures
Every department and employee is united in the quest for customer experience excellence.
Cross-functional departments are connected to create frictionless experience..
Issues are prevented rather than fixed.
Gaps are closed.
Employees are involved and recognized.
Employees have the tools and resources they need to deliver the customer experience
Employees gain skills necessary for CX competency.
Employees are treated like customers.
Evolution Of Business Practices Through a Focus on Customer Needs and Engagement
Every thought and action is meaningful, making customers’ lives better and showing you care.
Business processes are built and updated based on understanding and responding to customer needs.
Customers are heard and responded to with empathy.
Customers experience fewer hassles and consistent journeys.
Customers engage as brand allies.
Experiences deliver on expectations and strive to surprise and delight.
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