Competitive Advantage

Regular Measurement of Customer Satisfaction


Ensuring good levels of customer satisfaction is key to the success of every business and should be measured on a regular basis. All too often this happens, at best, once a year, but often much less frequently.

Competitive Advantage conducts regular surveys for a number of its clients. In one case, a customer survey is repeated every six months. As a result the client has been able to initiate improvements in their own customer service, exploit their competitors' weaknesses and react to their competitors' improvements.

Solution

When commissioning a regular survey there are two phases. Design/set-up and regular repeating of the survey in a standard format.

 

In the first phase the issues of concern are identified, questions are written and the first survey is conducted. Very often this will include extra questions to help identify and define the areas of interest to customers, possibly differentiating between the customer segments.

 

Upon completion of the first survey and reporting of the findings, the format for future surveys can be agreed with the client. By standardising this at an early stage it significantly reduces the cost of reporting for subsequent surveys.

 

When surveys are repeated on a regular basis Competitive Advantage recommend using electronic reporting, this makes it easier to distribute information within the company and further minimises cost.

 

As time passes trends become clear, not just for the client’s own business, but for competitors as well. In today’s dynamic market environment monitoring competitor performance is as important as monitoring your own. Any worthwhile competitors will be measuring their own customer satisfaction and making improvements to the way they do business. In less than a year, what was a competitor’s weakness can become their strength.

 

Having said that high levels of customer satisfaction are important, not all aspects are equally important. The first stage of a customer survey is to understand those aspects that really matter to customers. These can then become the focus for improvements. Other aspects can follow later.

Benefits

·         Provides a set of key performance indicators which company and staff can be measured against.

·         Compares your company’s performance with your competitors.

·         Identifies how you can differentiate your business from your competitors.

·         Identifies areas where your competitors are gaining an advantage over you.

·         Helps set business priorities.

·         Helps make your customers feel that you are interested in them.

·        Provides impartial positive and negative customer feedback.

Conclusion
In today’s highly competitive environment it is not sufficient to provide your customers with satisfactory service, you must delight them in the areas that matter. Customer surveys can be used to first identify and understand the areas that matter and then measure improvements in service levels. They provide a quantitative method of measurement which you can use to target the areas for attention and make improvement.

© Competitive Advantage Consultancy Ltd

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