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CUSTOMER SATISFACTION & LOYALTY Prepared by: Mustafa AYDIN
Customer Satisfaction Difference between your cost to your customer and your perceived value to the customer   M easure of how products and services supplied by a company meet or surpass customer expectation  YOUR PERCEIVED VALUE YOUR COST SATISFACTION S E R V I C E E X P E C T A T I O N
Kano   Model ,[object Object],[object Object],A competitive   product  meets basic attributes  (threshold) ,   maximises performances attributes,   and includes as many “excitement”   attributes as possible at a cost the   market can bear. Threshold (or basic) attributes  are the   expected attributes or “musts” of a   product, and do not provide an   opportunity for product differentiation Performance attributes  are those for which more is generally better, and will improve   customer satisfaction. Conversely, an   absent or weak performance attribute reduces   customer satisfaction Excitement attributes  are unspoken and unexpected by customers but can result in high  l evels of customer satisfaction, however their absence does not lead to dissatisfaction.
1 st  Priority!!! What did you do for your customer today and did you share it with them? Honour Your Promises   Anticipate Your Client's Needs   Attention to Detail   Listen to the voice of your customer (VOC) & Evaluate it Measure customer satisfaction Be Accessible !!! Be Proactive !!!
Customer Loyalty T he  tendency of a customer to choose  one business orproduct over another for a particular need  THE GOLDEN RULE:  Keeping old customers is cheaper  then getting new customers ,[object Object],[object Object],[object Object],[object Object],[object Object]
What Makes Them Special? Cult brands are special class of magnetic brands that command super-high customer loyalty and almost evangelical customers or followers who are devoted to them. ANSWER: Excellent Relationship with their customers
Satisfaction Vs Loyalty SATISFACTION  relates to the results of a process   (short-term) LOYALTY  relates to a relationship  (long-term)   Based on a study by Cornell University’s Center for Hospitality, which examined the habits of several hundred guests at two typical Midwest hotels, the study found, among other things, that while 36% of business/leisure travelers were “satisfied” with their hotel—and even professed loyalty to it—they weren’t sure they’d stay at the same place on a subsequent visit.
KEY QUESTION ,[object Object]
Resources: http ://www.businesstechnologyradio.com/Portals/274/images/customer-loyalty-small.jpg http://www.slideshare.net/mssridhar/serivce-quality-and-customer-satisfaction-presentation http://www.businesstown.com/marketing/customer.asp http://www.jimnovo.com/Customer-Loyalty-more.htm http://www.slideshare.net/cultbranding.com/introduction-to-cult-branding-the-truth-behind-customer-loyalty http://www.surveymethods.com/glossary/article_satis_loyalty_l.aspx

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Customer Satisfaction&Loyalty

  • 1. CUSTOMER SATISFACTION & LOYALTY Prepared by: Mustafa AYDIN
  • 2. Customer Satisfaction Difference between your cost to your customer and your perceived value to the customer M easure of how products and services supplied by a company meet or surpass customer expectation YOUR PERCEIVED VALUE YOUR COST SATISFACTION S E R V I C E E X P E C T A T I O N
  • 3.
  • 4. 1 st Priority!!! What did you do for your customer today and did you share it with them? Honour Your Promises Anticipate Your Client's Needs Attention to Detail Listen to the voice of your customer (VOC) & Evaluate it Measure customer satisfaction Be Accessible !!! Be Proactive !!!
  • 5.
  • 6. What Makes Them Special? Cult brands are special class of magnetic brands that command super-high customer loyalty and almost evangelical customers or followers who are devoted to them. ANSWER: Excellent Relationship with their customers
  • 7. Satisfaction Vs Loyalty SATISFACTION relates to the results of a process (short-term) LOYALTY relates to a relationship (long-term) Based on a study by Cornell University’s Center for Hospitality, which examined the habits of several hundred guests at two typical Midwest hotels, the study found, among other things, that while 36% of business/leisure travelers were “satisfied” with their hotel—and even professed loyalty to it—they weren’t sure they’d stay at the same place on a subsequent visit.
  • 8.
  • 9. Resources: http ://www.businesstechnologyradio.com/Portals/274/images/customer-loyalty-small.jpg http://www.slideshare.net/mssridhar/serivce-quality-and-customer-satisfaction-presentation http://www.businesstown.com/marketing/customer.asp http://www.jimnovo.com/Customer-Loyalty-more.htm http://www.slideshare.net/cultbranding.com/introduction-to-cult-branding-the-truth-behind-customer-loyalty http://www.surveymethods.com/glossary/article_satis_loyalty_l.aspx