Customer Experience Measurement
The final stage is to create a way to measure the impact of your customer experience initiative, ensuring that the outcome is positive and that the experience can be sustained.
Measuring indicators such as profitability and EPS growth is vital to understanding business performance but they are lagging indicators – the RESULT of differentiation, and customer loyalty. Making your customer experience sustainable means establishing measures that relate directly to the key drivers of customer loyalty and advocacy.
Watch Out For...
The debilitating condition in which everyone is obsessed with capturing data on everything that can possibly be measured. Only focus on the few key metrics critical to success. Measure what matters and ignore anything that doesn’t otherwise it will scramble your brains.
How Smith + Co Can Help
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Define a measurement process – to measure the impact of the customer experience and assess the ROI
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Scorecard design – we design the scorecard, including recognised techniques such as Net Promoter Score and Voice of the Customer, and then measure client satisfaction, employee engagement and agreed KPIs after implementation to evaluate the results
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Dashboard design – we can also design an on-line dashboard to feedback results around customer loyalty and advocacy to all levels
Integrated customer experience scorecard
By building an integrated scorecard to align your financial reporting, customer experience and other operational measures we ensure that KPIs are linked to this to make it easier for you to measure and reward people for the right behaviours so that effort is sustained.
Continuous communication of results to all levels of your organisation is recommended to embed the measures and hard wire this as the way you do business.
“I’ve had the pleasure of working with Smith+Co several times in the past, and recently worked with them on a project at RBS. They exceeded both mine and my board’s expectations, and delivered a fantastic result. Smith+Co are not only experts in their field, but very creative and innovative thinkers and a huge asset to any business change initiative.”
Trent Fulcher, Head of Strategy, RBSIF
