Question

In: Finance

Customer expectations form an important element of quality. A service that fails to meet the expectations...

Customer expectations form an important element of quality. A service that fails to meet the expectations of one customer may be considered by them to be quality while another customer receiving an identical service but who did not hold such high expectations may consider the service to be of high quality. Justify with suitable example.

Solutions

Expert Solution

Answer of the above question is given below.

Customer service decision-makers want to meet those expectations — at least in concept. Nearly 95% of leaders say providing a good customer experience is their top strategic priority, according to recent Forrester research. Three-quarters of them want to use customer experience as a competitive advantage.

To them, the idea and intent looks great on paper. The actual implementation is quite a bit different. You see, many don’t have the means to improve the experience in the ways customers expect them to. Just 37% of leaders have a dedicated budget for customer experience improvement initiatives, according to the Forrester research.

With or without a budget geared toward meeting expectations and improving the customer experience, leaders need to know what customers want now and how it will drive their satisfaction and loyalty. Then they can focus efforts on meeting expectations and driving results — much like the companies we’ll talk about here.

Here are customers’ latest expectations and the companies that are meeting them:

Expectation No. 1: More personalization

It’s kind of ironic that in the far-reaching, all-encompassing online world we have come to embrace, in which so many business and personal interactions can be anonymous, customers want very personalized experiences.

Expectation No. 2: More options

Now that you’re thinking about how you can make service more personalized, you might as well add a Part B to that list.

Customers want self-service, voice, digital and social means to interact with a company and its people — and they still expect each to deliver a personalized experience.

Expectation No. 3: Constant contact

The majority of customers don’t find advertising, promotions and “just touching base” as a nuisance. They expect some follow-up efforts to fill in their customer experience. It’s a request that can benefit business as well. Keeping in touch can deflect incoming contacts, which can reduce costs and boost customer satisfaction and revenues.


Related Solutions

Customer expectations form an important element of quality. A service that fails to meet the expectations...
Customer expectations form an important element of quality. A service that fails to meet the expectations of one customer may be considered by them to be of poor quality while another customer receiving an identical service but who did not hold such high expectations may consider the service to be of high quality. Justify with suitable example.
Customer expectations form an important element of quality. A service that fails to meet the expectations...
Customer expectations form an important element of quality. A service that fails to meet the expectations of one customer may be considered by them to be of poor quality while another customer receiving an identical service but who did not hold such high expectations may consider the service to be of high quality. Justify with suitable example Give solution in 500 words
Customer expectations form an important element of quality. A service that fails to meet the expectations...
Customer expectations form an important element of quality. A service that fails to meet the expectations of one customer may be considered by them to be of poor quality while another customer receiving an identical service but who did not hold such high expectations may consider the service to be of high quality. Justify with suitable example. pls answer in 2 pages
Customer expectations form an important element of quality. A service that fails to meet the expectations...
Customer expectations form an important element of quality. A service that fails to meet the expectations of one customer may be considered by them to be of poor quality while another customer receiving an identical service but who did not hold such high expectations may consider the service to be of high quality. Justify with suitable example
Customer expectations form an important element of quality. A service that fails to meet the expectations...
Customer expectations form an important element of quality. A service that fails to meet the expectations of one customer may be considered by them to be of poor quality while another customer receiving an identical service but who did not hold such high expectations may consider the service to be of high quality. Justify with suitable example. 1x15=15
Manage service quality to ensure consistent service delivery theory to meet customers’ expectations.
Manage service quality to ensure consistent service delivery theory to meet customers’ expectations.
A quality service should provide at least meet the quality that the customer expects. An insurance...
A quality service should provide at least meet the quality that the customer expects. An insurance company may aim to respond to a claim advice within a specified timeframe in line, this is known as 'threshold quality' and is fundamental to any quality programme. Without knowledge of these customer expectations, a company may waste resources. To maintain a competitive edge in an increasingly complex environment, insurers must know what customers expect and provide services and products that meet or exceed...
Consider the two variables service quality and customer satisfaction. Service quality is independent variable and customer...
Consider the two variables service quality and customer satisfaction. Service quality is independent variable and customer satisfaction is dependent variable. Perform regression analysis using SPSS and explain the results. PLEASE USE SPSS ONLY AND PASTE THE OUTPUT OF SPSS. DO NOT USE EXCEL OR ANY OTHER SOFTWARE. SPSS ONLY PLEASE. SERVICE QUALITY CUSTOMER SATISFACTION 2 1 3 2 4 4 5 7 6 6 7 7 8 9 6 11 6 9 4 5 5 4 6 7 2 3...
Consider the two variables service quality and customer satisfaction. Service quality is independent variable and customer...
Consider the two variables service quality and customer satisfaction. Service quality is independent variable and customer satisfaction is dependent variable. Perform regression analysis using SPSS and explain the results. PLEASE USE SPSS ONLY AND PASTE THE OUTPUT OF SPSS. DO NOT USE EXCEL OR ANY OTHER SOFTWARE. SPSS ONLY PLEASE. SERVICE QUALITY CUSTOMER SATISFACTION SERVICE QUALITY CUSTOMER SATISFACTION 11 13 34 21 41 45 35 75 61 67 72 76 57 95 62 114 61 94 41 54 55 44...
Customer service is not only important to we the customer, but it is important our company...
Customer service is not only important to we the customer, but it is important our company and our customers. We want our customers to return again and again to improve the lifetime value of that customer to our company, right? Compare reactive and proactive customer service. Define customer service failure, and provide an example for a grocery store. What are customer needs and wants, and why are these important to the topic of customer service?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT