Home > Customer Acquistion, Customer Expansion, Strategy > Selective Hearing: The Voice of the Customer

Selective Hearing: The Voice of the Customer

For many of us, the clarion call to become more customer centric is echoing throughout the halls; we all need to better acquire, serve, and retain customers.  While there are many avenues to customer centricity, one of the primary approaches to getting closer to customers starts with designing and implementing a Voice of the Customer program.

Wikipedia defines Voice of the Customer as “the in-depth process of capturing a customer’s expectations, preferences and aversions.”  Forrester defines the term as “a systematic approach for collecting customer insights and incorporating them into business decisions.”

Both definitions share the premise that the rigorous gathering of customer insight can improve a company’s ability to serve its customers more successfully.  The key of course is not just obtaining the insight, but acting on it.  Many companies start out the customer insight journey with good intentions, but have “selective hearing” with Voice of the Customer (VoC), and only hear what they want and change the easy things, rather than embarking on the difficult business policy changes required to meet customer expectations.  Lester Owens, Managing Director and Global Head of Treasury Services Operations at JP Morgan, said it perfectly during his keynote address at this year’s PegaWORLD: “It’s not about what we think we want, it’s about what the client wants.”

In the report “Voice Of The Customer Programs Don’t Deliver Enough Value,” Andrew McInnes of Forrester writes: “The vast majority of respondents (to the Forrester VoC survey) also admitted that their programs don’t systematically drive actions based on VoC insights or make those insights easy to access.”   So first, companies need to make sure they hear everything that the customer is saying.  Many companies are getting this part right.  Second, and more importantly, is the ability to drive change and take the necessary actions to improve the customer experience in ways that lead to higher levels of customer engagement, satisfaction and loyalty.

One of the things I’ve learned here at Pega, a leader in both the business process management and the customer relationship management markets, is that understanding the customer’s process, i.e. how they want to interact with your business, is as critical as anything else to orchestrating business processes and outcomes that meet customer requirements.  In the age of customer empowerment, no company can survive by making the customer conform to how the business thinks customer processes should work.  It’s now the other way around: businesses have to adapt their processes dynamically to customer needs and continue to change if they want to succeed in retaining and growing their customer base.  Only then will the Voice of the Customer research lead to better business insight and, ultimately, better business results.

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: