Customer Feedback: The Key to Creating More Value

In the work that we do at Allegiance, we occassionally come across a company that is afraid to ask for or collect feedback from its customers or employees for fear of what those individuals might say–or that the only feedback that they’ll receive will be negative.

While this is a natural human concern, it isn’t a concern that typically matches up with reality.listening-33 Customer Feedback: The Key to Creating More Value

In fact, we’ve found that the businesses that we work with on their voice of the customer (VOC) and voice of the employee programs receive feedback of all types–compliments, suggestions, questions, complaints, concerns, etc. And regardless of how that feedback is shared (e.g. via an e-mail, a letter, a phone call, an in-person discussion, survey, etc.), this feedback–when centrally collected, stored and analyzed–can provide a business with tremendous insights about what its customers need, want, and value most. Moreover, it can help a business understand what’s working and what’s not working in their organization so that they can continue to do more of what’s working and discontinue or fix what’s not.    

In contrast, if a company only collects or receives feeback from customers when something goes wrong or a customer has a bad experience, that business can end up having a pretty distorted view of what its customers think and feel about its business. Not only that, but the business also typically misses the opportunity to gain a better understanding of its customers, as well as develop more meaningful and lasting relationships with them.

My point is that collecting customer feedback isn’t just about finding out what your customers are unhappy about–instead, it’s about gaining a better understanding of what your customers want, need and care about most in order to create more and lasting value for them.

And, if you do happen to receive some negative comments along the way, don’t take them personally. Instead, view that feedback as an opportunity to improve. As Bill Gates, chairman and founder of Microsoft, once said, “Your most unhappy customers are your greatest source of learning”. And he’s right. Talking to your customers and listening to their feedback is the only means through which you can gain clairity about what’s most important to them. Plus, if you listen closely, it may even show you where and how to gain a competitive advantage. And in my next blog post, I’ll tell you how.

Kimberly Carroll, MarCom Manager, Allegiance

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Customer Retention & The Leaky Bucket

Arjun Sen, president and founder, ZenMango offered some great advice to companies today on retaining customers as part of the online Engage eSummit presentation that he gave titled: “The Leaky Bucket: The Secret of Eating an Elephant.” His advice:

  • Know your customers - Who are they? What’s most important to them?  Etc.
  • Make sure your employees’ point of view matches up with your customers’ point of view (and that all of your employees understand why each customer is important as well as the role that each of your employees play in retaining customers)
  • Unite your marketing and operations teams and ensure they have a shared vision
  • Realize every customer counts - Treat them that way; reward your employees for doing so
  • Understand your leaky bucket (why customers are not coming back) and fix it (i.e. Identify your customers’ breaking points and decision to return points. In addition, go through the customer experience yourself and see and feel the pain through the eyes of your customers.)
  • Improve and enhance your customer experience

Chris Cottle, VP of Marketing,  Allegiance

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The Voice of the Customer & The OODA Loop

During the online Engage eSummit today, Bob Caruso, Managing Director, Endeavor Management, gave a presentation titled: ”Voice of the Customer (VOC) Initiative Success: Win Friends and Influence the C-Suite and Board.”

One of the many interesting points that he made during his presentation was how Colonel John Boyd, a U.S. Air Force fighter pilot and military strategist, was able to begin from nearly any position of disadvantage and successfully defeat opposing pilots in air combat maneuvering. 

As a result, Colonel Boyd developed a “decision cycle” known as The OODA Loop, which he believed was critical to his success in quickly adapting to his surroundings and surviving. This OODA Loop included four continuous looping steps:
1) Observe
2) Orient
3) Decide
4) Act

Caruso said the OODA Loop also applies to listening to the Voice of your Customers and using that information to improve your business via:
* Observe - Collect Voice of the Customer (VOC) information 
* Orient - Understand your customers’ behaviors
* Decide - Determine key levers
* Act - Implement changes

This loop is critically necessary in the world today. It’s about how quickly businesses can adapt and respond to a changing marketplace. And to accomplish this, it’s important to get feedback from your customer base and do it often and consistently, so that you have the data necessary to observe and rapidly respond. 

Kimberly Carroll
MarCom Manager, Allegiance

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