What is Customer Satisfaction Management?
Customer satisfaction management is an often overlooked facet of CRM (Customer Relationship Management) that is focused on maximizing customer loyalty and retention through understanding and responding to customer feedback.
Newton Computing offers software designed specifically for this crucial aspect of customer care. It is called Newton CIA (Customer Intelligence Administration), and you can download a free single PC version with this link. Or learn more about Newton CIA.
While CRM is generally concerned with identifying,
acquiring and maximizing the value of customers, customer satisfaction
management has a different focus. That focus is on the research proven
fact that you can improve profitability by doing two things:
Why Invest in Customer Satisfaction Management?
If you are not handling, tracking and analyzing your customer feedback on a consistent basis, you are losing valuable information. In the most basic sense, John Goodman (a founder of TARP, the leading consulting firm in the satisfaction management industry) puts it this way:
"Service transactions are the single largest driver of customer loyalty after problem experience. If you don't measure, you don't know how much revenue you are leaving on the table, and you are unaware of what percentage of your service expense is unnecessary due to handling issues multiple times."
You can learn more about customer satisfaction management from articles published by TARP's staff (all available as Adobe PDF documents, with the Adobe Reader also available).