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Top- Management
Middle management
Frontline people
CUSTOMERS
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Customers
Frontline people
Middle management
Top- Management
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The difference between the prospective customer’s evaluation of all the benifits and all the costs of an
offering and perceived alternatives.
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Total Customer
BenifitProduct benifit
Services benifit
Personnel benifit
Image benifit
Total Customer Cost
Monetary Cost
Time Cost
Energy Cost
Psycological Cost
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Talk with Michael Dell
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Because Customer expects much more than just the product
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Attribute Identification & benifits of customer value
Assess the quantitative importance of benifits and attributes
Assess company and competition’s performances on values
Examine a specific segment rate
Monitor customer values over time
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Satisfaction is a person’s feelings of pleasure or disappointment that results from comparing a product’s
perceived performance to expectations
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Influence
Customer Complaints
Satisfaction
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Quality is the totality and characteristcs of product or service that bear on its ability to
satisfy stated or implied needs
• Created by Karan Bhatt, NIT Surat, during an internship by Prof. Sameer Mathur, IIM Lucknow.
• www.IIMInternship.com