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Best Buy Case Study: Building Multi-Channel Retail Customer Satisfaction and Loyalty

Many retailers measure customer satisfaction based solely on the point of sale, but satisfaction and loyalty are often strongly cemented – and potentially damaged – by other stages of the customer experience. A multi-channel retailer that truly understands the value of customer relationships treats the total customer experience as a portfolio of touch points. By measuring satisfaction across the entire customer life cycle, Best Buy discovers the impact of each touch point and how best to capitalize on opportunities to strengthen customer relationships for long-term profitability.

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In the News

Amazon, Netflix Top Holiday Satisfaction

Digitaltrends.com, December 31
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Federal Government Improves, But Still Trails Private Sector

DestinationCRM.com, December 23
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ACSI: Only Small Dip in Customer Satisfaction

Food Manufacturing, December 22
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Impact of Agent Frustration on Customer Satisfaction

TMCnet, December 22
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Satisfaction With Government Increases; Focus Is Efficiency

Washington Post, December 16

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The Banglore Backlash: Call Centers Return to U.S.

Washington Post, December 11
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Events

NRF 98th Annual Convention & Expo

January 11-14, NYC
Guest Speaker: Best Buy's
Julie Beth McFall, Ph.D
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IIR Linkage Strategies 2009

March 9 –11th
Keynote Speaker: CFI Group's Claes Fornell
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NCOF
March 24-26, 2009
Speaker: Sheri Teodoru
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Press Release

CFI Group's RetailMonitor Offers Customer Satisfaction Advantage in Face of Bleak Bottom Lines
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Visit CFI Group at NRF's BIG SHOW 2009 -
Booth #2465

We're pleased to host Best Buy's Julie Beth McFall, Ph.D., as she shares new innovations in customer satisfaction - join us Tuesday, 1/13 @ 1:45pm Expo Hall, 3D09!   In this Big !deas session, Best Buy and CFI Group will share the details of their innovative program for managing high levels of customer satisfaction and ensuring lifelong customer loyalty. 

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Top 10 Customer Satisfaction Survey Best Practices

You probably already have a very good idea of what drives customer satisfaction. Customer service professionals can generally create surveys that, on the surface, might closely resemble those created by survey methodologists. However, the words generally, might, and closely are crucial. Familiarity with the day-to-day needs of customers can well inform the content of a survey, but even the best intentions can have unintended consequences on question design.

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RetailMonitorSM by CFI Group

RetailMonitor by CFI Group offers state-of-the-art measurement, ready-to-access results, and in-depth analysis of retail performance to help you best satisfy your customers.

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The Future of the Economy: 3 Questions for Dr. Claes Fornell

The most cited scholar in market research, University of Michigan Professor Claes Fornell answers the biggest questions for the new year.

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Now Available in Paperback!

 

The Satisfied Customer: Winners and Losers in the Battle for Buyer Preference

Fornell, Claes

When faced with the choice between cutting costs or improving customer service, most companies focus on tangible assets. But in our service economy, the most important asset is intangible: a company's relationship with its customers. Drawing from an extensive survey of American consumers and including examples from companies such as The Home Depot and UPS, The Satisfied Customer reveals some surprising conclusions about outreach strategy. It also teaches firms how to quantify and increase the value of their customer relationships - what author Claes Fornell calls the Customer Asset. Fornell's clarion call to managers worldwide is a must-read blueprint for understanding the value of customer satisfaction in modern business practice.

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