Customer Experience Flashcards
Marketing:
needs and wants of the targets markets, and delivering satisfaction better than competitors
- fulfilling consumer needs
Production Concept
- consumers favour products that are available and highly affordable
- improve production and distribution
Product Concept
- consumers favour products that offer the most quality, performance, and innovative features
Selling Concept
- consumers will buy products only if the company promotes/ sells these product
Marketing concept
- focuses on needs/wants of target markets & delivering satisfaction better than competitors
Societal Marketing Concept
- focuses on needs/wants of target markets & delivering superior value
- society’s well-being
Expected performance
- decrease expectations (promotion)
Perceived performance
- Increase perceived performance (product, price, place, promotion)
KANO Model
Different types of attributes
Each attributes have different relationships with customer satisfaction
1 - Basic needs
○ E.g. feeling safe
○ Even if high performance, will not encourage high satisfaction so ensure you meet minimum level of performance otherwise will lead to dissatisfaction
2 - Performance attributes
○ Lead to satisfaction or dissatisfaction
○ E.g. movies
3 - Delight attributes
○ Not expected to have a high performance, but if present, they will have high attributes
○ E.g. free meal (intercontinental flight vs far flight)
Managing customer satisfaction with customer journey maps
- A customer journey map= the story of the customer’s experience: from initial contact, through the process of engagement and into a long-term relationship.
- It may focus on a particular part of the story or give an overview of the entire experience. Identifies key interactions that the customer has with the organisation. It talks about the customer’s feelings, motivations and questions for each of these touchpoints.
- It often provides a sense of the customer’s greater motivation. What do they wish to achieve, and what are their expectations of the organisation?
- A customer journey map takes many forms but typically appears as some type of infographic. Whatever its form, the goal is the same: to teach organisations more about their customers.
Why do we want customer satisfaction?
Customer satisfaction => customer loyalty => financial success
Customer Loyalty
- Repeated purchases- loyalty cards
- Cross purchase: looking at other products they have and buy them as well
- Recommendation: word of mouth to promote the brand