Customer Experience Management

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    1. QUESTION

    Instructions

    To complete this assessment task you need to consider the feedback to your assessment tasks 2 and 3 to propose concise recommendations on how your chosen organisation could become more customer-centric and better prepare for the future of customer experience management. Your presentation must be in a video format (i.e. mp4, MOV, etc.) for uploading into Blackboard. This assessment involves the following activities: 1. Introduction Introduce yourself, your chosen organisation and the purpose of your presentation topic. Briefly justify the relevance of the presentation topic to the organisation’s industry. 2. Propose and support your recommendations on: How the organisation can customise its products/services How the organisation could become (more) customer-centric How the organisation could prepare better for the future of customer experience management. 3. Conclusion Provide a brief summary of your overall recommendations. 4. Reference slide References must be listed using APA 6 th ed. referencing style. Submission Instructions Uploading your video presentation Detailed instructions on compressing (if necessary) and uploading your video presentation are available at: https://laureateau.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_4044_1&cont ent_id=_387629_1&mode=reset Submit your Costumer Experience Strategy: Recommendations via the Assessment link in the main navigation menu in BIZ104 Costumer Experience Management by Thursday of week 12, module 6.2. The learning facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.

     

     

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Subject Business Pages 8 Style APA
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Answer

 

Customer Experience Management

Organization Background

Woolworth group limited is an Australian based company with a retail interest in Australia and New Zealand. It is hallmarked to be the second largest Australian organization in terms of revenue. The organization operates hospitality groups, liquor retailing outlets, hotels, restaurants and pubs, and supermarket under the Woolworths’s business name. So how would address which INDUSTRY in the specific the organization operates in? The organization was incepted in 1924 under Walworth Bazaar limited name. Since the organization was not registered to operate in Australia, Woolworth never had plans to operate on a global scale. For this reason, the organization was renamed ‘’Woolworths-limited’ on 22nd September 1924 (Lyer, 2017). The shareholders were reluctant to contribute to the organization’s capital base during its initial stages. Nevertheless, with continued trading, more shareholders brought forth more capital and, therefore, the dividends that the organization paid increased from five to fifty percent in its third fiscal year. In December 1924, consumer interest significantly grew and this was characterized by many stores being established in Australia. Two decades after, Woolworth had a store in each Australian state. Woolworth gradually transitioned to become a big grocery store and this resulted to the establishment of the Big W store 31 years after its inception. From January 2017, almost all supermarkets under Woolworth use the Woolworth logo depicted by green apple.

Differentiating Customer Segment

Segmentation depicts how the total Woolworth’s market is divided into various sections on the basis of demography, social-economic aspects, and the characteristics of the product. Every segment constitutes of customers with similar preferences and consumer behavior patterns (Magento, n.d.). The various segmentations relating to the demographic characteristics of the customers constitutes of the age of the customers, their gender, and education levels. However, gender plays a crucial role towards development of Woolworth retailing services. In equal measure, clothing as well as homecare products provided by Woolworth are differentially manufactured depending on the preferences of the customers and their genders.

In a bid to reduce incidences of overstocking, handling costs and obsolescence, the segregation of the retailing products is based on the age group of the customers. Age is part of demographic segmentation. I hope you did not interpret it as another segmentation. This would be followed by consumers aged between six to seventeen years, while customers aged fifty five years and above would be offered with quality catering services (Woolworth's Limited, 2016). Furthermore, alcoholic drinks will target customers who are eighteen years and above which is the constitutional age of an adult.  For instance, infants that are below five years are provided with large quantities of products such as food, apparels, and napkins. Additionally, as depicted in the customer complaints forum depicted in assignment 2, the organization offers a variety of napkins amongst other apparels for infants. So here, which are your two segmentations? As in early in the paragraph, identify the two segmentations in a clear sentence. Customers in Woolworth are segmented in two major ways; xxxxx and yyyyy. Then proceed to explain the two. So far, it is hard to know what they are. A clear sentence as exemplified would be great.

And an important NOTE:  do you know you are to DIFFERENTIATE 2 CUSTOMER SEGMENTS (from research undertaken for assessment 2) USING PERSONAS to illustrate and communicate their unique customer perspectives

You have not employed PERSONAS and this needs you to have two distinct segmentations, since they are to be incorporated even point number 4 according to the instructions attached. SEE:

  1. Connect customer experience maps and alignment diagrams with a business value proposition for the 2 customer segments identified above. This fact seem neglected for the points below.

Customer Experience Strategy

  • Implementation of the survey for customer satisfaction forum-Woolworths should implement a periodic customer satisfaction survey using either qualitative, quantitative or both approaches (Powerstream, 2012). This will be an approach towards being acquainted with the organization environment, main trends, and customer attitude towards specific products. In this regards, the major findings tailored to meet customers’ expectations and analysis of their comments in Woolworth’s complaint’s forum are identified and the strategy to address issues is established by the stakeholders.
  • The customer contact center-In a bid to ensure that Woolworth’s customers speak to the organization’s customer service agent regarding their particular needs, assistance or feedback, the organization will invest in customer contact centers. This will facilitate operational interactions to enhance customer satisfaction. The customer care center will consider using file nexus system which will make it possible for the organization to keep customer’s contacts, and further offer necessary support regarding customer related information. Such information will be helpful in resolving issues that customers may face during any transactions with the organization.
  • The organization website- Woolworth’s official website is used in a number of ways such as furnishing customers with information pertaining to various services and products that it offers. However, to facilitate proactive interactions with the customers, the organization will come up with a web based supportive application that will allow customers to interact with the organization’s representatives in real time. The corporate website will be linked to the live chat box from which a representative will be readily available to interact with any customer who may need assistance. As such, the customers will obtain assistance at the earliest convenience, hence improving their satisfaction.
  • An integrative call-management-system- Woolworth will integrate a call management system such as the Avaya call management system. This system will be orchestrated to log client’s request for any services that they may demand (Powerstream, 2012). The system assists the organization to detect any changes with the sales volumes. For this reason, it will be possible for the organization to detect any flaw in customer services and implement the necessary measures in a quest for putting its performance to its rightful position.
  • Implementation of the interactive voice response system (IVR) - Woolworth will integrate an IVR in a bid to record as well as report information that is accessed by customers who call the organization. The system will allow analysis of the reports and modify Woolworth’s telephone services with an aim to address the future requirements of their customers. In addition, automated transactions will be facilitated by use of the IVR system, hence improving the organization effectiveness.

Diagrams must be labeled systematically (Figure 1, Figure 2) and be mentioned within text with a sentence like: …….as shown in figure 1 below.

Also, all figures must have source, unless you created them originally.

Customer Experience Mapping and Alignment Diagrams

 

 

 

There are a number of ways in which the customer experience management strategy will have a better service to the organization

How C.E.M Strategies Will Offer Better Service To Organization Customers

 C.E.M strategies will tailor different channels to reach out the targeted customers. In this regards, some of the customers will be informed of Woolworth’s products through its corporate site, after which they will go to their retail outlets. On the other hand, some might decide to visit the retail outlet and have an idea of the product to purchase, whilst others might consider using social media and mobile applications to be acquainted with the products that the organization offers (Gautam, 2017). An effective customer experience management strategy will ensure that the product brands reaches customers with relative ease. The product brand will be at any place wherever a potential customer is. The data that is collected in various platforms will be used to have a holistic view of the customers, know their likes and dislikes and tailor various customer services to reduce wait time.

An effective customer experience management system would address the customer’s issues in real-time. In the modern competitive business environment, grabbing a customer’s attention is never an easy feat. The attention spans are significantly dwindling since they are spoilt for choices. This is to the effect a bad encounter with Woolworth’s brand would result to a loss of a customer. As such, a well thought-out customer experience strategy would make the customers happy that their issues are addressed at the earliest convenience.

A well-tailored customer experience management strategy will make the customers feel important, welcomed, valued and have a positive attitude towards organization. As such, the organization will have a good share of wallet due to loyalty and trust established between the two parties. As such, there will be more personal touch with the customers, hence more business will be initiated.

The strategies will be fashioned to offer better services to customers since they will be as result of choosing the correct customers’ investments. Through constant collection and analysis of the data pertaining to the organization customers, the business will establish strategies that best resonates with the interests of the customers. This will assist in determination of the correct investments that the organization should consider. In this regards, the organization would consider whether investment of a particular technology, amongst other investments, would have any benefit to their customer. As such, the organization would not unnecessarily spend money in areas that it will not improve on customer satisfaction.

Conclusion

Conclusively, Woolworth’s is a renowned company that can further improve its performance if it considers implementation of various customer experience management strategies. Usually, customers gravitate towards an individual or a cohort that they like. As such, they are influenced on the basis of their emotional desires. Therefore, while the organizations should attract more potential customers, it ought to orchestrate measures to retain the existing ones. Therefore, the customer experience management strategies would be aimed at improving share of wallet, customer satisfaction, customer loyalty, and sales volumes. Woolworth’s will significantly gain a competitive edge after implementation of the following customer experience management strategies; a customer satisfaction forum, a customer contact center, a regularly updated organization website, an integrative call-management system, and interactive voice response system.

References

Gautam, N. (2017, June 27). Why You Need Customer Experience Management & 5 CEM Benefits You Can’t Ignore. Retrieved from www.ameyo.com: https://www.ameyo.com/blog/why-you-need-customer-experience-management-5-cem-benefits-you-cant-ignore

Lyer, K. (2017, January 20). Australian Retail Benchmark: Financial Ratio Assessment of ASX Listed Retailers. Retrieved from www.linkedin.com: https://www.linkedin.com/pulse/australian-retail-benchmark-financial-ratio-assessment-karthik-iyer/

Magento. (n.d.). An Introduction to Customer Segmentation. Retrieved from http://wwwowww.co.za: http://wwwowww.co.za/wp-content/uploads/2013/09/An_Introduction_to_Customer_Segmentation_ebook.pdf

Powerstream. (2012). Power Stream Customer Experience Plan. Retrieved from https://www.powerstream.ca/attachments/F-CCC-39_Appendix_B.pdf

Woolworth's Limited. (2016). The Shoppers Pick. Retrieved from www.woolworthsgroup.com.au: https://www.woolworthsgroup.com.au/icms_docs/185845_trolley-trends-report-2016.pd

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