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F A C U L T Y E X P E R T I S E
Best Practices in
Customer Value & Satisfaction
Armed with the knowledge that it is
ten times more expensive to secure new customers as opposed to maintain
relationships with current customers, more and more companies are
re-evaluating the importance and usefulness of customer value and
satisfaction (CVS) data. Successful companies understand that loyal
customers buy more, tell other customers of their experience, and loyal
customers are often less expensive to serve. In short, successful companies
understand that customer value and satisfaction improve the company’s bottom
line and its ability to maintain a competitive position within today’s
global marketplace.
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