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Re-‐Imagining Customer Feedback To Drive Ac:on
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Welcome Webinar A6endees
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Follow This Webinar On Twi6er
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About Retail TouchPoints
ü Launched in 2007
ü Over 26,000 subscribers
ü To provide executives with relevant,
insightful content across a variety of
digital medium
Free subscription to our weekly newsletter: WWW.RETAILTOUCHPOINTS.COM/SIGNUP
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Panelists
Gary Edwards Chief Customer Officer
Empathica
Alicia Fiorletta Associate Editor
Retail TouchPoints
MODERATOR
Re-Imagining Customer Feedback to Drive Action
Chief Customer Officer Empathica Inc
April 25, 2013
Dr. Gary Edwards
7 7
© 2013 All Rights Reserved - Confidential
Chief Customer Officer • 9 years at Empathica • PhD in Social Research
Methods
Dr. Gary Edwards
Prior experience • Senior VP at Maritz • GM of Gallup Canada
8
© 2013 All Rights Reserved - Confidential
Agenda
The accelerating evolution of customer feedback Dealing with the evolutionary forefront Drive action to generate business value
1
2
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© 2013 All Rights Reserved - Confidential
Market research Science of polling 1000 customers
Personal relationship Direct feedback 5-10 customers
Social Media Online reviews 3000 tweets/second
Internet surveys Feedback at volume 500,000+ responses/year
The Evolution of Customer Feedback
10
1900s 1940s 2000s Today
© 2013 All Rights Reserved - Confidential
Frequency
Personal Relationships
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Volume
• Customers viewed as friends • Conversational feedback • Direct and anecdotal
Personal relationships
© 2013 All Rights Reserved - Confidential
Frequency
Market Research
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Volume
• Retailers expanded beyond their neighborhood
• Used science to guide the research • Uncovered how different
demographics buy and behave
Personal relationships
Market Research
© 2013 All Rights Reserved - Confidential
Internet Surveys
13
Volume
Frequency
• Solicited feedback at scale • Average retailer collects
500,000+ surveys per year • Better data, easier access
Personal relationships
Market Research
Internet Surveys
© 2013 All Rights Reserved - Confidential
Social Media
14
Volume
Frequency Personal
relationships
Market Research
Internet Surveys
• The evolutionary forefront of feedback
• Consumers are talking about you whether you like it or not
• 2 billion Foursquare check-ins, 3000 tweets per second
Social Media
© 2013 All Rights Reserved - Confidential
The Impact of Social Feedback
15
2012 Empathica Consumer Insights Poll
use Facebook to make purchase decisions
have tried a brand due to a social recommendation
75%
50%
© 2013 All Rights Reserved - Confidential
Agenda
The accelerating evolution of customer feedback Dealing with the evolutionary forefront Drive action to generate business value
1
2
3
© 2013 All Rights Reserved - Confidential
Feedback is Large and Fragmented
17
?
© 2013 All Rights Reserved - Confidential
Making Sense of Customer Feedback
Lead The Conversation Understand how you are executing
Follow The Buzz Uncover trends in what customers are saying
Act Focus on what matters most to your customers
18 18
© 2013 All Rights Reserved - Confidential
Surveys for structured feedback
Making Sense of Customer Feedback
Lead The Conversation Understand how you are executing
Follow The Buzz Uncover trends in what customers are saying
19 19
Focus on what matters most to your customers
Act
© 2013 All Rights Reserved - Confidential
Using Science to Lead the Conversation
Recommendation
Overall Satisfied
Revisit Intent
Interior Clean
Ample & Accessible
Parking
Clean & Well Maintained
Exterior Clean & Inviting
Friendly Greeting
Thanked for
Coming
Inviting Service
Feel Valued
Employees Enjoying
Their Jobs
Undivided Attention
Efficient Service
Helpful
Employee Service
Good Variety
Good Availability
Exceeded Expectations
LOYALTY Store Quality Product Offering
20 20
© 2013 All Rights Reserved - Confidential
Learn Why? And How Much?
21
When you lead the conversation you learn why customers the feel the way they do, and how much they care.
When you lead the conversation you do not learn about what you do not know yet.
Understand how you are executing
Lead The Conversation
© 2013 All Rights Reserved - Confidential
Social media, online reviews and open-ends
Making Sense of Customer Feedback
Follow The Buzz Uncover trends in what customers are saying
22 22
Focus on what matters most to your customers
Understand how you are executing
Lead The Conversation
Act
© 2013 All Rights Reserved - Confidential
Making Sense of Online Buzz
23
Text Analytics Natural Language Processing
The selection is always great
and the cashier was friendly.
noun
great selection
positive
noun
friendly cashier
positive
© 2013 All Rights Reserved - Confidential
Learn What? And How Often?
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When you follow the buzz you learn what customers are saying to each other and how often they say it.
When you follow the buzz you do not learn how important things are to outcomes or why they happen.
Follow The Buzz Uncover trends in what customers are saying
© 2013 All Rights Reserved - Confidential
Agenda
The accelerating evolution of customer feedback Dealing with the evolutionary forefront Drive action to generate business value
1
2
3
© 2013 All Rights Reserved - Confidential
Ensure consistent execution
Drive Action with Customer Feedback
Lead The Conversation Understand how you are executing
Follow The Buzz Uncover trends in what customers are saying
Act
26 26
Focus on what matters most to your customers
© 2013 All Rights Reserved - Confidential
Different Stakeholders, Different Value
As a brand manager I want to identify systemic issues and trends
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© 2013 All Rights Reserved - Confidential
Lead the Conversation to Find Issues
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© 2013 All Rights Reserved - Confidential
Follow the Buzz: What Are They Saying?
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© 2013 All Rights Reserved - Confidential
React to the Big Picture, Not Symptoms
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© 2013 All Rights Reserved - Confidential
Separate The Cause From The Symptoms
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Loyalty Analysis
Wait Time
© 2013 All Rights Reserved - Confidential
Different Stakeholders, Different Value
As a brand manager I want to identify systemic issues and trends
As a location manager I want to build new habits for my staff
32
© 2013 All Rights Reserved - Confidential
Using Comments to Drive Action
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© 2013 All Rights Reserved - Confidential
Bubble Up Key Themes Across Channels
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© 2013 All Rights Reserved - Confidential
Drill Down to Key Issues
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© 2013 All Rights Reserved - Confidential
Take Action and Share Best Practices
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Add another cashier when there are more than 3 people in line
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© 2013 All Rights Reserved - Confidential
Keep Ahead of the Evolutionary Forefront
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Dynamic on-demand access:
Sentiment Frequency
Trend Chart Co-occurrence
Different Tools for Different Levels:
Associate Content with the Right Location:
© 2013 All Rights Reserved - Confidential
Magnify the Value of a Great Experience
38
Retail client
results
Advocates Feedback
+ -
1 in 5 customers recommend a location via social media
20% increase in Facebook ‘Likes’
© 2013 All Rights Reserved - Confidential
Re-Imagining Customer Feedback
• Customers are talking more often, to more people, in more places
• The only way to deal with this feedback is to both lead
the conversation and follow the buzz • Experience only improves when retailers take action
at multiple levels • Make sure you get credit for your great experiences
through customer advocacy
39
Learn More… http://www.empathica.com/3rd-party-feedback/
Hundreds of millions of surveys over 10+ years 1,000,000 advocates mobilized
Creating Brand Experiences to Love
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Q&A / Submit Your QuesDons
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Q&A // Panelists
Gary Edwards Chief Customer Officer
Empathica
Alicia Fiorletta Associate Editor
Retail TouchPoints
MODERATOR
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Thank You For A6ending!
Download this presentaDon at: hBp://rtou.ch/cusFeedbackweb