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Introduction of franchising
Introduction to franchising
Thesis of customer satisfaction
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Moments of truth in a company are consider when the customer interacts with the organization. Customers have expectations that produce satisfaction or dissatisfaction. Some moments of truth for Gold Star Chili is tha more than 70% of customers goes to Gold Star Chili one time a month, and the other 30% of customers goes at least one time per week. Another moment of truth is the good communication of the department head and the franchises to solve quality product problems within 24 hours. Also, the involvement of the stores with the local community by sponsoring schools and other community programs. All of these are moments of truth that creates a good perspective of the company to the customers.
2. What implications would the segmentation
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The direct customers are principally the restaurant customers, the franchise owners, the retail customers, etc. The indirect customers are the product suppliers, the shareholders, the service suppliers, etc. The business has special attention on those customers who are classifies the vital few; these are the customers who visit the business more times than others, and also provide most of the revenue into the business. The business has to prioritize the vital few customers, since they play an important role in the business. Gold Star also has measure the customer satisfaction and constantly compare results with its competitors.
One customer segmentation to consider for Golden Star is the implementation to build customer loyalty; for example, to create a system that will encourage customers to come often, give a senior discount, reward points card, happy hour specials, etc. It will build more customer loyalty to the
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Another important approach is the focus group because it provides the direct voice of the customers to the company, and the company has the advantage to ask important questions about the company, what the company should improve? What do you like the most of the company? The same responses can be collected from formal surveys; however, surveys sometimes are not effective because no responses. The direct customer contact approach is important to listen about experiences, and issues that customers have about the company. Complaints are a very important approach to learn from customers, is a key source of information to learn about products and services problems. And of course the internet and social media is one of the most important sources to listen and learn what customer think about the company, and what it should be improved.
4. Customer surveys are sometimes quite useful but sometimes useless, or even destructive. For example, people often complete a survey without really thinking about the responses. People sometimes mark everything perfect because a salesperson or service manager asked them to do so? People sometimes mark several responses low because their specific dissatisfaction has spilled over to a general dissatisfaction. Could a customer satisfaction survey, if conducted improperly or interpreted
The company has established good relationships with most of its customers which has assisted it to create high level of brand and customer loyalty
Besides marketing its customer service, the company markets different programs according to its three major types of customers. Some of them being,
Having prior knowledge of a customers needs, habits, and questions before or during every interaction and transaction can boost customer satisfaction. (Zueschner, Raymond. (1997). Communicating Today. Boston: Allyn and Bacon.
The company has self organizing team and use groupware, emails and blogs to communicate with the customers.
Client referral: by providing outstanding customer service, current customers are more likely to become long-term customers and refer their friends.
Customers. The company’s products and services are best to be scrutinized by the customers because they are the ones that have to use the service. They are in the best position to find defectives part of fault in the process. Bindroo, Mariadoss, Pillai (2012) state that customers have information regarding the products and services that used that can be advantageous to the company. This is free marketing information that can be used by in order to improve products, processes or services. These improvements are regarded as incremental innovation
Net Promoter Score is becoming an increasingly popular tool used by many companies who try to assess customer loyalty. The Net Promoter Score is based from a model developed by Frederick Reichheld in the book, “The Ultimate Question” (Beyond 2). The system helps measure customer loyalty between an organization and a consumer. The Net Promoter score was designed on an 11-point scale from (0 to 10) and it separates the customers into promoters, passives and detractors (beyond 2). Promoters are people who score 9’s and 10’s on the Net Promoter Score scale. The passives are the people who are 7’s and 8’s on the Net Promoter Score scale. The detractors are the people that are from 0 to 6 on the promoter score scale. One of the main goals of the Net Promoter Score scale is to recognize what each of the companies customers are defined as and to try and convert the detractors and passives to Promoters. The promoters are people who feel their lives are being enriched by their relationship with the company. They are very loyal to the company and have multiple purchases with the company. They tell many different people about the company to try and influence others to shop or use the company. They offer good feedback on how to stay successful or even become more successful in the future. The passive customers are people who make few recommendations to others about the company. Bring little energy to the company and are likely to go to a competitor if they offer a great discount on a product. The detractors are customers who feel that their lives are not enriched by shopping or affiliating with that particular business (Freimark 21). The detractors become dissatisfied with the company or experiences they have had with the company. They ta...
Companies are now turning to this business strategy supported by information technology. These customer service programs are designed to assist in a company’s business operations. Companies like Siebel, E.piphany, Oracle, Broadvision, Net Perceptions, Kana and others have designed products that do everything from track customer behavior on the Web to predicting their future moves to sending direct e-mail communications. Customer Relationship Management can improve: Contact and account management, sales, marketing and fulfillment, customer service and support, and retention and loyalty. The part that deals specifically with the needs of the cust...
It has been observed since the inception of Marketing that marketers target to only specific market and how they identify such market. There are certain criteria or base they use to identify the consumers who they would be serving to. Customers do have unique requirements satisfaction levels and aspirations. Some customers however are similar with respect to their requirements of goods and services. In such case if their needs are identified and they can be grouped in quantities of a specific size then it can be segmented. Now each customer group have specific expectations and businesses must cater to the needs of the segmented that has been targeted.
In other words, their purchasing power is more focused on their need, health, and efficiency and cost effective. It is with this in mind, this writer would say that there lies a possibility for a company to cater to both its best interest and that of the consumer conjointly. Without customers, there would not be any company; therefore, a secure partnership between the company and customers would be more beneficial for both parties, in that the customers would be loyal to the company based on if they feel valued and if their needs are being met by the company. The company can foster this partnership by building a strong customer relationship management – where they have a customer-centric model in which they learn ways to enhance their product and service through feedback received from the customers. Here, both interests of the company and the customer will be
We are in the midst of a revolution in business. Some call it a customer revolution, others a quality revolution, others a service revolution. Organizations are attempting to obtain increased customer satisfaction by focusing on the quality of their products and the service provided. This movement toward quality has produced significant benefits but just like other business fads, joining and adopting the religion does not insure that the real objective of producing customer satisfaction will be obtained.
Wasserman, Michael. 15 Techniques When Dealing With Customers. My Success Company. 25 January 2005. .
For any organization, customer is the most important aspect as the customer is the key for any business and a criteria for success of that business. The type of business can either be a B-C or B-B, but it doesn’t matter. The new paradigm of this
In today’s increasingly service driven markets and with the increase of multiple providers for every type of product or service, moments of truth have become an important fact of customer interaction that marketers need to keep in mind. They are critical as they determine a customer’s perception of, and reaction to, a brand. Moments of truth can make or break an organization’s relationship with its customers.
Loyalty customers gain the more cost advantage and benefit, this resist competitors very hard to match. Promoted cost bind to loyal customers to sustainable growing.