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      Management Tools

      Customer Experience Management

      Customer Experience Management

      A Customer Experience Management (CXM) Program is how a business oversees its interactions with customers.

      • min read

      Article

      Customer Experience Management
      en

      What Are Customer Experience Management Programs?

      A Customer Experience Management (CXM) Program is how a business oversees its interactions with customers. An example includes the Net Promoter System℠, which drives customer-centric strategies and builds customer loyalty. By using reliable metrics and closed-loop feedback systems, companies transform the customer experience to increase growth, profitability, and competitive advantages. These programs continually improve the strength of customer relationships and create mutual benefits among other stakeholders, especially employees and investors.

      Usage and satisfaction among survey respondents

      How Are Customer Experience Management Programs Implemented?

      Customer Experience Management Programs require companies to:

      • Attract and develop senior leaders who embed a customer perspective at every level of the organization
      • Design the system to monitor the health of customer relationships, embed customer advocacy throughout the business, and create a foundation for customer-led growth
      • Test and refine a portfolio of measurement techniques (such as sampling, surveys, and predictive analytics) so that everyone in the organization trusts the data that surrounds the system
      • Establish regular sessions to discuss real-time feedback and share ideas on solutions
      • Foster an environment where employees see the connection between the work they do and its effect on customers
      • Implement tools that can trigger feedback requests, capture the responses, send them to the right employees in real time, track follow-up action, and support data mining and analysis

      Related Topics

      • Net Promoter System℠

      • Voice of the Customer Program

      • Customer Satisfaction Systems

       

      What are the Common Uses for Customer Experience Management Programs?

      Common uses of Customer Experience Management Programs include:

      • Monitoring and improving customer interactions
      • Facilitating the learning and development of all employees (customer facing and not)
      • Measuring customer sentiment across products, regions, and channels
      • Leveraging customer input to determine whether the initiatives the company is pursuing are having positive outcomes
      • Integrating customer feedback into ongoing improvements
      • Selected references (click to expand)

        Freed, Larry. Innovating Analytics: How the Next Generation of Net Promoter Can Increase Sales and Drive Business Results, John Wiley & Sons, 2013.

        Goodman, John A. and Scott M. Broetzmann. Strategic Customer Service: Managing the Customer Experience to Increase Positive Word of Mouth, Build Loyalty, and Maximize Profits. AMACOM, 2019.

        Reichheld, Fred. Loyalty Rules: How Today’s Leaders Build Lasting Relationships. Harvard Business School Press, 2003.

        Reichheld, Fred. “The One Number You Need to Grow.” Harvard Business Review, December 2003.

        Reichheld, Fred, Darci Darnell, and Maureen Burns. “Net Promoter 3.0.” Harvard Business Review, November–December 2021.

        Reichheld, Fred, Darci Darnell, and Maureen Burns. Winning on Purpose: The Unbeatable Strategy of Loving Customers. Harvard Business Review Press, 2021.

        Reichheld, Fred, and Rob Markey. The Ultimate Question 2.0. Harvard Business Review Press, 2011.

        Watkinson, Matt. The Ten Principles Behind Great Customer Experiences, FT Publishing International, 2012.

      Read the Brief

      Management Tools & Trends 2023

      On the 30th anniversary of our survey, managers seem surprisingly upbeat.

      Related Consulting Services
      • Customer Episode Design
      • Customer Experience Leadership
      • Net Promoter System®
      Net Promoter System®
      Customer Experience Tools and Trends: Let No Tool Stand Alone

      Our 2020 survey finds that the most successful companies integrate their CX tools into an overall management system.

      More
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      Decarbonization is the process of reducing or removing carbon dioxide emissions from Earth’s atmosphere.

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      Stakeholder strategies are a way to grow value for a company’s full business system (including shareholders, customers, employees, suppliers, and communities).

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      Digital Transformation is a way to integrate digital technologies into an organization’s strategy and operations.

      More
      First published in Ιανουάριος 2023
      Tags
      • Customer Episode Design
      • Customer Experience Leadership
      • Management Tools & Trends
      • Net Promoter System®

      How We've Helped Clients

      A Telco’s CX Transformation Powered by Tech and Data

      Read case study

      Answering the call for better service

      Read case study

      Dialing up customer experience in telecommunications

      Read case study

      Έτοιμοι να μιλήσουμε

      Συνεργαζόμαστε με φιλόδοξους ηγέτες που θέλουν να καθορίσουν το μέλλον και όχι. Όχι να κρυφτούν από αυτό. Μαζί, επιτυγχάνουμε πετυχαίνουμε εξαιρετικά αποτελέσματα.

      Net Promoter®, NPS®, NPS Prism®, and the NPS-related emoticons are registered trademarks of Bain & Company, Inc., NICE Systems, Inc., and Fred Reichheld. Net Promoter Score℠ and Net Promoter System℠ are service marks of Bain & Company, Inc., NICE Systems, Inc., and Fred Reichheld.

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