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Have you seen The Customer-Focused Marketing Playbook?

This comprehensive and practical guide to the latest ideas in customer-focused marketing hands you over 200 packed pages of strategy, best practices, do's and don'ts, practical know-how, facts and figures, and ideas to optimise your marketing strategy, boost sales, market share, increase ROI and profit.

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Marketers failing to 'walk the multichannel walk'

Boardroom executives typically understand the importance of multichannel customer experience, but are failing to invest in the processes and frameworks to make this happen, according to research by Econsultancy and Foviance.

The second annual 'Multichannel Customer Experience Report' examined the extent to which organisations are committed to delivering an integrated experience in a world where the customer journey is becoming increasingly complex due to evolving technology and the proliferation of devices, and uncovered what the most successful multichannel companies are doing differently.

The study concluded that what it calls 'mature companies' have already overcome technical challenges and are using a much wider range of data sources than other companies to understand the customer experience.

A commitment to customer experience from the top of the organisation is regarded as a key requirement by just under half (46%) of companies and marketing agencies surveyed - higher than for all other organisational attributes deemed to be important.

More than half of responding companies rate themselves either as 'excellent' (21%) or 'good' (37%) in terms of internal buy-in at the top of their organisations. However, only 26% of respondents say their companies have a well-developed strategy in place for improving customer experience, only a slight increase over 22% in 2010.

The research also found that 'complexity of customer experience' is now seen as the greatest barrier to improving multichannel customer experience, overtaking 'organisational structure' since 2010. In addition, mature companies are more likely to have overcome technology and data-related issues. The 'immature' companies (deemed so because they are still worried about technology and systems) tend to losing sight of the importance of customer service and empowered staff.

According to Econsultancy's research director, Linus Gregoriadis, "The understanding about the importance of customer experience is there, but many business leaders are 'talking the talk without walking the walk'. Evidence of ownership of customer experience among company executives has not necessarily translated into clearly-defined strategies, frameworks and processes for making it happen."

As part of the latest research, organisations were asked to rate themselves on five key areas that are crucial for delivering an integrated, compelling multichannel customer experience: systems & processes, leadership & culture, alignment with brand, customer touch points, and use of insight. 'Mature companies' are those which scored highly across the five key pillars of this Foviance Multichannel Customer Experience Maturity Model.

Five additional sector-specific consumer surveys about customer experience were carried out (surveying 5,000 consumers in total) covering retail, travel, online banking, mobile phone providers and gaming/gambling. The online research, carried out using TolunaQuick, found that 69% of consumers have dealt with a retail company online and 73% of people would be likely to recommend a retail brand based on good customer experience.

Among other key findings from the 2011 Multichannel Customer Experience study:

The full report has been made available for purchase from the Econsultancy web site - click here.


Sources: Econsultancy; Foviance /
The Marketing Factbook.
Copyright © 2011 - 2025 The Marketing Factbook.

    Categorised as:

  • Customer Experience
  • Customer Loyalty
  • Knowing The Customer
  • Marketing Know-How
  • Marketing Technology

Have you seen The Customer-Focused Marketing Playbook?

This comprehensive and practical guide to the latest ideas in customer-focused marketing hands you over 200 packed pages of strategy, best practices, do's and don'ts, practical know-how, facts and figures, and ideas to optimise your marketing strategy, boost sales, market share, increase ROI and profit.

Learn the insider's tricks and techniques to turn every customers into a 'super spreader' for your brand. It's better than free advertising. Once you start this ball rolling, your brand can grow rapidly through word-of-mouth, advocacy, influencers, and customer loyalty. Super-charge your company's marketing strategy, build up your market share, and make more sales through repeat business and customer loyalty.

Find out what works - and what doesn't - and who's succeeded, and how they did it. See how the world's top brands keep their competitive edge against all odds.

The Customer-Focused Marketing Playbook walks you step-by-step through the techniques, metrics, reporting, analysis, marketing models, technologies, tools and innovations for successful marketing strategies - both traditional and emerging - with expert guidance from thought leaders in every major market. Find out the best ways to gather, analyse, and act on customer data to increase profitability, build your brand, empower your customers, beat the competition, reduce churn, and increase customer profitability. This is a marketing book you simply can't afford to be without.

This book aims to hand you all the facts, figures and research data you need for the best decisions for a more profitable, more engaging marketing strategy. It also highlights all the facts, forecasts and trends identified by our experts from the global Marketing Factbook's vast database of market data, news, studies, research and articles, and presents you with an invaluable library of ideas and practical support you can call upon at will.

With The Customer-Focused Marketing Playbook at your side, you'll have instant access to a true goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, research and market data, plus all the supporting arguments you need to build a solid, profitable marketing strategy.

Get it on Amazon (Kindle/Print)
 
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