Maximise How You Individualise

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Want to get your hands on the latest research on ‘The State of Customer Experience in Asia Pacific', then download this sneak-peak presentation from ‘The CMO Council’, and be one of the first in line to get access to the full report when it is released on the 12th of December. Find out what Marketers in Asia are thinking about Customer Experience and how it helps them to differentiate their brands.

Transcript of Maximise How You Individualise

Asia-Pacific Date & Times: November 26, 2013; 7:30 am IST, 10:00 am SGT, 1:00 PM AEST United States Date & Times: November 25, 2013; 9:00 pm EST; 6:00 pm PST

The State Of Customer Experience in Asia-Pacific

WEBCAST Revealing Best Practices from industry leaders  

MAXIMIZE HOW YOU INDIVIDUALIZE

WELCOME v What we are here to do…

•  Provide a sneak peak of findings from the upcoming study focused on customer experience across Asia

•  Hear from industry leaders to see if the findings are in line with their experiences across the market

•  Share insights into how and why customer experience management is critical in this connected digital landscape

WELCOME v Who we will be hearing from…

•  Nicolas Kontopoulos, Senior Director, Global CRM Marketing, SAP

•  Chris Reed, Chief Marketing Officer, Mig33 •  Lea Wright, Head of Consumer CRM, Westpac •  Christel Quek, Regional Digital & Social Strategist

66% say positive customer

experience can help differentiate

their brand

MAXIMIZE HOW YOU INDIVIDUALIZE

MAXIMIZE HOW YOU

INDIVIDUALIZE v Online audit of 217 senior marketers across Asia v Interviews with XX v Full report and findings available December 12

Source:  ComScore  

WHAT IS CUSTOMER CENTRICITY?

60% say centricity is a corporate

culture that places customer

satisfaction above all else

v Products that reflect ongoing customer co-innovation (45%)

v A senior management team committed to understanding and serving their markets (35%)

v Responsible use of customer data and insight to advance the customer experience (35%)

HOW CUSTOMER CENTRIC ARE INTERNATIONAL BRANDS?

1%  

0%  

12%  

32%  

43%  

13%  

0%   5%   10%   15%   20%   25%   30%   35%   40%   45%   50%  

Not  Sure  

Poor  

Needs  Improvement  

Moderate  

Good  

High  

HOW CUSTOMER CENTRIC ARE ASIAN BRANDS?

2%  

3%  

24%  

36%  

28%  

7%  

0%   5%   10%   15%   20%   25%   30%   35%   40%  

Not  Sure  

Poor  

Needs  Improvement  

Moderate  

Good  

High  

HOW VOCAL ARE APAC CUSTOMERS?

VOICES GETTING STRONGER

v Selectively Vocal: Feedback depends (42%) v Proactive & Private: Willing to share directly

with brand (17%) v Actively Social: Always ready to share (13%)

Source:  ComScore  

THE ONES TO WATCH

v Silent But Act Fast: No sharing…but no warning when they stop doing business (5%)

Source:  ComScore  

DO YOU HAVE A FORMAL CUSTOMER EXPERIENCE STRATEGY?

6%

9%

30%

20%

35%

0% 5% 10% 15% 20% 25% 30% 35% 40%

Not Sure

Strategy in Place

Strategy in Development

No

Yes

EXPECTATION & DIGITAL SPARK CXM STRATEGY

v Digital Channel Explosion (64%) v Rapid Behavior Change (62%) v Market Expansion & Introduction (40%)

Source:  ComScore  

HOW SATISFIED ARE YOU WITH CUSTOMER LISTENING & RESPONSE?

3%

18%

17%

51%

11%

0% 10% 20% 30% 40% 50% 60%

Not Sure

Not At All Satisfied

Implementing Systems

Moderately Satisfied

Highly Satisfied

LISTENING IN WRONG PLACES

v We Wait for Proactive Voices •  Email (71%) •  Sales Teams •  Corporate Website (54%) •  Customer Service Centers (50%)

v Not Looking Beyond the Basics •  Social (59%) •  Blogs (28%) •  In-store (26%)

Source:  ComScore  

SYSTEMS CAN’T LIVE UP TO

BRAND PROMISE v Do your back office systems and operational

structures live up to brand promises & marketing claims? •  26% Yes •  13% No •  55% SOMEWHAT

Source:  ComScore  

WHAT ARE THE BIGGEST CHALLENGES TO MANAGE GLOBAL EXPERIENCE?

BIG DATA… BIG PROBLEM

v 38% battle data quality v 34% challenged by IT infrastructure v 31% have issues with data ownership v 26% struggle to manage data complexity

Source:  ComScore  

only 23% have a comprehensive

view of the stages of the customer

lifecycle

HOW (and where) ARE YOU USING CUSTOMER INSIGHT TO OPTIMIZE EXPERIENCE?

PERSONALIZE FOR PROBLEMS

v 42% for service or support v 39% use insight to up-sell or cross-sell v 38% monitor customer lifecycle v 36% use insight to fuel CRM v 31% personalize web and social interaction

Source:  ComScore  

BUT WE ARE NOT…

v 13% leverage insight for customer revenue optimization

v 17% for lead acquisition v 11% account-based engagements v 10% to improve sales cycles v  3% to recover or reactivate old accounts

Source:  ComScore  

DO YOU SEE GAPS IN THE CUSTOMER EXPERIENCE?

EMPOWERMENT LACKING

v Operational structure (38%) v Individualization of communication (33%) v Empowering the employee (32%) v Localization (27%)

Source:  ComScore  

HAVE CXM ISSUES IMPACTED BUSINESS?

EXPERIENCE = $$$

v 41% say customer experience has increased revenue •  18% saw revenue increase between 5% - 10% •  15% saw revenue increase between 1% - 5% •  3% saw revenue increase in excess of 10%

Source:  ComScore  

Our Guest Speakers v Nicolas Kontopoulos

Senior Director, Global CRM Marketing, SAP v Chris Reed

Chief Marketing Officer, Mig33 v Lea Wright

Head of Consumer CRM, Westpac v Christel Quek

Regional Digital & Social Strategist

Q&A

Please submit your questions in the question dialog box above

This  presentaCon  will  be  available  to  view  On-­‐Demand  soon  aJer  the  live  viewing  

WHAT’S NEXT? Download the Report >> December 12 Get connected >> (LinkedIn) ‘The Marketing Edge’

This  presentaCon  will  be  available  to  view  On-­‐Demand  soon  aJer  the  live  viewing  

THANK YOU!

This  presentaCon  will  be  available  to  view  On-­‐Demand  soon  aJer  the  live  viewing