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Achieving customer-centricity and delivering compelling customer experience

Before starting this blog series on customer-centricity, I'd like to dispel a common misconception by stating clearly that customer satisfaction does not equal loyalty. Satisfaction, although important, is just a snapshot in time of the customers' state of mind. Whereas loyalty is a measure of their willingness to further engage with the brand in question. A loyal customer results in repeat business and customer advocacy - the holy grail of the customer-centric organization.

Numerous studies have demonstrated that great customer experience engenders loyalty. This knowledge is driving organizations to try to become more customer centric by shifting focus away from sales and products to improving customer experience.  The challenge for these organizations is that they lack the skills to act; for every success story, there are many, many failed attempts to bring about such wholesale organizational change.

Customers are critically important to companies - yet why are so few truly customer-centric? How can organizations make this shift? What do they risk by becoming more customer-centric and also by not? Are there any best practices laid out for transforming an organization's culture to make it customer-centric? What are the critical success factors at play?

I will deal with each of these in subsequent posts. I will talk about that inalienable component of customer-centricity - customer experience. I will also cover the attributes that are essential to make it compelling - the usefulness, usability and desirability of any experience. Those with an interest in customer experience may find the discussion on interaction design improvement and recommended best practices useful.

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