Launched six years ago, Watermark Consulting’s annual Customer Experience ROI Study illustrates why, according to the firm’s founder Jon Picoult, “every company _ public or private, large or small _ should make differentiating their customer experience a top priority”.

The study, by the firm which describes itself as a customer experience consultancy, tracks the cumulative total stock returns for two model portfolios _ comprised of the Top 10 (“Leaders”) and the Bottom 10 (“Laggards”) publically traded companies in Forrester Research’s annual Customer Experience Rankings.

According to the report’s latest edition, leaders outperform the broader market. They generated a total return that was 35 points higher than the S&P 500 Index. Laggards were far behind. Their total return was 45 points lower than the market.

Watermark states that “a great customer experience, and the internal ecosystem supporting it, can deliver tremendous strategic and economic value to a business, in a way that’s difficult for competitors to replicate”.

So why do the laggards “continue to subject their customers to complicated sales processes, cluttered websites, dizzying 800-line menus, long wait times, incompetent service, unintelligible correspondence, and products that are just plain difficult to use”?

Watermark says leaders embrace these basic tenets:

  • They aim for more than customer satisfaction
  • They nail the basics and then deliver pleasant surprises
  • They understand that great experiences are intentional and emotional
  • They shape customer impressions through cognitive science
  • They recognize the link between the customer and employee experience

Download the report.

A strategic marketing executive with extensive experience delivering business results for Ansell Healthcare, Mercedes-Benz, consultancies and organisations in Australia, Asia and Europe. Leading-edge skills built around the fundamental principle that, in an era of rapid product and service commoditization, the customer experience matters and is a key driver of competitive advantage. Fully cognizant of the need to synchronize processes, business technology and people to ensure that brand promises are mirrored by reinforcing brand actions. Thrives in “can do”, values-driven organisations which are committed to consumer-focused innovation and making a difference by thinking strategically but acting pragmatically. An accomplished, collaborative business leader and communicator with excellent interpersonal and public speaking capabilities. Key strengths: • Building influence across the business • Harnessing emerging customer trends • Thriving on market and technology change • Differentiating the brand experience • Optimizing the marketing and media mix • Creating and nurturing high-performance teams and relationships Specialties Assets and transferable skills include leadership, strategy development, project management, technology utilization, business process improvement, performance metrics and public speaking. Email: mitchell_mackey@hotmail.com

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