Tag Archives: lexden customer experience consultants

Free Customer Experience Progress Assessment

As independent Customer Experience Consultants, we have launched a free Customer Experience Programme Assessment tool to help clients review their internal practices against several areas where alignment is required to achieve distinction through customer experience.

We see the benefit to you as follows:

  • Identify the key areas involved in progressing CX
  • Identify where you are ahead or behind others in terms of your CX progress
  • Assess what progress looks like, to ensure you are good shape to get there
  • Help you assess where you are ahead of any resource decisions coming up
  • Get a quick read (within 3 days) with minimum impact on the business
  • Provide current state insight which you can share with others helping you take CX forward
  • Validate or challenge advice and recommendations received from current CX partners
  • Receive an independent observation separate to any vendor supported opinions

As independents we have no invested interest in the outcome

We include consideration of feedback platforms and other technologies alongside the other key areas of CX rather than the focus as is often the case with vendor assessments. We are in the business of best practice guidance and effective advice rather than tech solutions. So our report provides you with a broader appreciation of how far you’ve progressed.

Each of the key practice areas (such as channel management, accountability, tech, adoption, measurement and culture) are graded from ‘Unaware’ to ‘Differentiating. The grading is based on Lexden’s extensive experience in setting up and improving clients CX programmes. Your progress is plotted accordingly with an output report highlighting your overall progress and breaking this down across key areas. A comparison of your performance to other companies is also made across each area.

More than one assessment per company can be completed. This means you can use the approach to gauge the variance in perceptions of CX progress across the business between different individuals, levels, roles, departments, locations or even brands in a group set up. Let us know if this is the intended purpose and we will aggregate results as well as supply specific reports.

Click this link to the survey which will take 10-15 minutes to complete. Information collected is confidential. Once the assessment is complete we will confirm this and forward the output within 3 days.

How to achieve 600% from your Customer Experience Programme

If you are looking for something more comprehensive we also provide a robust assessment of the profitability level your CX programme is achieving, bench-marked against over 1,000 organisations. Adapting the award winning CX Typology(c) Measuring Customer Experience research of Dr Professor Phil Klaus, we assess your current programme against 47 practice points. Arriving at a score, CXPPA (Customer Experience Programme Profitability Assessments) pin points where improvements in your programme should be focused, and how to align your actions to those of organisation who are driving 600% more from their CX programmes. To receive more information on this exclusive assessment please contact us.

If you’d like to receive more articles on driving more profitable Customer Experience, please sign up to our free monthly ‘Customer Experience Update’.

Lexden helps deliver effective customer experience insight, strategy, content and creative activation clients seeking sustainable profit from customer experience.

If you’ve got a CX challenge, see if we can help.

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Achieve World Class Customer Experience in 3 Steps

Most organisations have invested in a customer experience programme. Some are making a real success of theirs. We’ve had the pleasure of supporting some of these with their endeavours, interviewed CX leaders about their progress, judged winning CX award entries and experienced award success with our own clients.

However, we’ve also seen the evidence of programmes which fail to make the grade. There are a number of reasons for this. Sadly, it often boils down to investment in technology choices, neglecting to bring key stakeholders on the journey and chasing the wrong KPI’s.

But, any company can be transformed into delivering an award winning, world class customer experience which they are recognised for and their customers choose them over other choices for, in three steps. Furthermore, all three steps can be complete with 4 months.

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Step 1 CX Programmes Profitability Alignment

Make sure the CX Programme activities are aligned to those which are known to drive success

Only 10% of CX programmes achieve their profit potential. It’s not surprising, research conducted in this area has identified there are 47 critical activities, which managed effectively, increase programme profitability by 600%. Now available as an evaluation tool (CXPPA) developed from CX Typology research(1), any organisation can benchmark how they are set up and managing CX against the world’s most successful performing programmes.

This evaluation not only benchmarks, but identifies how programmes compare to the best CX performers, as well as recommends what needs to be improved in which order to increase profitability. This step is achievable in 3 to 4 weeks.

Step 2 Prioritising What Matters Most 

Know what experiences matters most to customer’s decisions to choose one brand over others

Attention should always identify ‘what matters most to customers’ early.

By which we don’t mean, how to ‘make it easy’ or how to ‘personalise the experience’, we mean understanding what drives customer’s behavioural change. This is the most reliable indicator of customer’s decision to choose one organisation over another. In addition, it is a very effective way to understand how to improve both Customer Satisfaction and Net Promoter Scores.

Research conducted(2) into what drivers customer experience behaviour has identified that 25 customer drivers account for over 80% of everything any CX leader needs to know about what customers want fulfilled.

However, many of these 25 drivers have little to no influence on customer decision-making so are surplus to requirements. Which means if you reduce investment in them, performance scores stay the same, but costs can be taken out. Meaning the company is more profitable overall.

In addition, those drivers which are the most influential, are highlighted. This is where a company should focus CX investment to increase NPS, CSAT, profitability and success.

These drivers are known as Experience Quality Measures (EXQ) and are the work of Dr Professor Phil Klaus, world-renowned Customer Experience Academic.

Through Lexden, all companies can now identify their own EXQ set and with it know what to prioritise to improve their NPS and CSAT performance. This step is achievable in 4-6 weeks.

Step 3 Competitor Advantage with Customer Experience

Make sure the brand difference is amplified through the experiences 

The third step, enables a company to achieve competitive advantage through customer experience. Why is this worth noting? Much customer experience efforts are operationally or technologically efficient improvements. These are typically delivered with little consideration of how to build brand distinction. This means competitors can copy the ides and therefore neutralise any brand advantage which could have been achieved. In fairness, brand doesn’t help as the brand architecture is not seen as accessible working tool to apply

However, by designing a Brand Experience Platform, this is overcome and the brand becomes an asset to the customer experience. It is made up of two principal elements:

  • Brand Experience Idea – which acts as a rallying cry for all colleagues to connect the advantage of the brand to the importance of customer experience, in a way which all can understand.
  • Branded Customer Standards – these are the set of drivers (as mentioned in step 2) which matters most to customers, translated into standards the company must deliver to in a way only they can. This is most powerful when standards relate to profitability. These ‘standards’ can then be used universally by the company to design internal practices and ways of working and external delivery and experiences. All employees can then confidently work to deliver consistent experiences, which will further reinforce brand distinction.

Step 3 is about putting a framework in place to ensure consistency and making the most of the brand. Achievable in 6-8 weeks.

So there you have it. Three steps to take any programme from where it is to world-class.

All three programmes are available from Lexden should assistance getting there be needed. We’d be happy to share more with you and see if we can add real value to your endeavours. However, ownership of what you do and why, must stay within the organisation, not leave with the consultancy or customer feedback platform provider (the fourth reason for failure!).

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Lexden delivers effective customer experience solutions for clients serious about sustainable customer relationships.

If you like what you’ve read please sign-up to Lexden’s ‘Customer Experience’ Update for monthly ideas, inspiration and insights to improve your customer strategy endeavours.

(1) CX Typology is the copyright of Prof Dr Phil Klaus.

(2) Experience Quality Measurement (EXQ) focuses on the behavioural change achieved by a brand through customer experience. EXQ is the copyright of Prof Dr Phil Klaus.

5 Customer Experience Trends for 2016

20162015 saw increased budget diverted to customer experience with more and more companies adopting CX as a primary business model. We anticipate 2016 will see further senior executives and CEO’s taking a closer look to understand just how customer experience can be a more profitable competitive differentiator.

With this in mind, as independent customer experience consultants we’ve captured our CX predictions for 2016 below;

1.The CEO discovers a reliable measure linking CX to profit 

phils book2016 will be a wake up year for CX. We are already finding CEO’s questioning the value of chasing NPS Promoters and top box Customer Satisfaction. Our evidence shows these outcomes do not correlate to profit. In fact, according to Measuring Customer Experience by Professor Dr Phil Klaus less than 1% of profit can be attributed back to these performance measures. 

When discovered, for some this will mean the CX Programme is shut down, for others who continue with these measures it means potentially investing profits in initiatives which will drive very little if any ROI. in his book Phil, who is also a Lexden Director explains the value of pursuing behavioral based CX measurement which accounts for over 80% of profit. For those considering this option it could mean smarter profits, effective investment and meaningful focus on the CX improvements which keep the business ahead of the rest. 

2. Brand to finally join the CX party

Too much operational focus is on the ‘fix’ in CX or digital migration where there are no net new gains. Companies focussing on self-serve apps and online systems might reduce processing costs – but at what price? We’ve seen stats highlighting the unsurprising knock on effect of customer engagement and brand consideration levels dropping and with it comms effectiveness reducing. One of the main reason is that these are designed functionally and without consideration of baking in the brand difference.

We hope 2016 sees more emphasis on making the brand difference in to improvements to create sustainable advantage rather than just short term (and easy to copy) efficiency drives.

There are few in this space we find, but Virgin Money, Standard Life and Direct Line in FS are forging the way with CX becoming a key consideration factor for their customer’s preference. Direct Line in particular apply CX principles beyond promotions and propositions, they are connected to pricing. That’s when you really start to pull away from the competition because you are competing on a different playing field altogether.

We anticipate more will start to differentiate on their CX but it’s like any other point of difference, it needs to be just that, not just the basics done well. It will only be those with sound CX strategies focussed on meaningful measurement which will reap the harvest of their CX investment. Watch companies like The Co-op Bank, The One Savings Bank and Nutmeg leverage CX more in 2016.

3. From personalisation to proactive engagement

Data held (big or small) can be used to predict future eventualities for customers, using this more smartly can really help customers, a service which the brand can be remembered for. For instance a customer who goes overdrawn several months on the trot does not need a ‘when it happens’ notice when their options are limited. The patterns are there for the bank to tell the customers days, weeks in advance of the likely outcome if they sustain their rate of spend. Delivery services are improving on this, as are bus and train companies.

So helping consumers manage time to have more of it to consider more options is to become more important and delivered through a great experience will help companies stand apart.

4. Employee experience will get tangible 

Maybe 2016 will be the year of the employee. Companies who help their employees understand the value of CX reap the benefits sooner. Those who ‘push it on to’ colleagues to be done to customers, have themselves to blame. We have seen an increasing number of requests moving from customer experience delivery to employee experience engagement. Brands such as USAA and Zappos highlight the importance of this first stage. But recruiting the right skill set to help employees is key. Conventional training techniques wont cut it so assuming clients engage CX transformation specialists employees will get it and be able to deliver it better – a big focus in 2016 we anticipate.

5. Feedback Fatigue

We often get asked how to 1) increase respondent numbers and 2) reach a more representative cross-section of my customer base with feedback. It’s true, numbers are dropping inversely proportionate to the increase in feedback requests it would seem. There are now more companies requesting feedback overall than ever before and those who have been for some time are drilling deeper and asking for more from their customers.

We sat in a series of research groups last year looking at customer behaviour towards feedback nero surveysurveys. There is much contamination and conditional completing of feedback forms going on it seems. Consumers are wary, citing being asked for irrelevant and duplicated insights as well as seeing little improvement related to their feedback, as reasons for skimming, spoiling or ignoring feedback requests.

A gear shift will be needed otherwise the quality of feedback will become increasingly impaired. A more worrying trend is the professional survey completers who will complete forms on behalf of others (we haven’t figured out why yet) or bill the company requesting their feedback for their time (similar to focus groups).

So perhaps nothing seismic, but the relatively embryonic world of CX will need to find its feet in 2016 if it is to survive the most harshest of judges; the rising expectations of consumers and the CEO’s budget.

Posted by Christopher Brooks, Customer Experience Consultant, Lexden

If you like what you’ve read please sign-up to Lexden’s ‘Customer’s World’ Update for ideas, inspiration and insights to improve your customer strategy endeavours.

For further information on how we can help with your customer challenges contact christopherbrooks@lexdengroup.com or call M: +44 (0) 7968 316548 or T: +44 (0)1279 902205. You can also follow us on LinkedIn, Facebook or Twitter or read client testimonials and case studies at Lexden Group.

AN INVITATION TO LEXDEN’s FINANCIAL SERVICES CUSTOMER EXPERIENCE MASTERCLASS

fs event.emfFS CX MASTERCLASS

On 30th October 2015, Independent Customer Management Consultants Lexden are hosting a half day FS CX Masterclass at the Association of British Insurers offices in Central London.

As someone who reads our blogs on customer experience, we would like to invite you to join us on the day.

The half day event is designed for financial services practitioners to benefit from a selection of thought leading presentations covering a variety of insightful and inspirational customer experience topics to help clients get ahead.

Speakers topics include (full details below):

  • How to measure customer experience profitability 
  • Practical examples of CX working for FS brands
  • How to get ahead of others in today’s cluttered FS CX space
  • What great looks like for FS customers and how to deliver it

If you are interested in benefiting from this opportunity, please complete the contact form details below and we will reserve your complimentary place.

Speakers include:

phil klausWorld renowned speaker, author and Professor of Customer Experience, Professor Dr Phil Klaus. Phil holds multiple professorships around the globe. His award-winning research has appeared in numerous books, and a wide range of managerial and academic journals. His areas of expertise include customer experience. Phil will reveal the uncomfortable truth about conventional CX performance and share a more superior approach.

meLexden’s MD Christopher Brooks has worked with a variety of financial services giants spanning a 20 year career (including Amex, Aviva, Barclays, Raffeissen Bank, Direct Line, JPMorgan, Hiscox, Visa, Ageas, Tesco Bank, Investec, Nationwide, Visa and The Co-operative Bank among others). Christopher will be sharing insights into what those who excel are up to in financial services customer experience.

darren cornish

Darren Cornish is Director of Customer Experience at The Share Centre. Having driven customer-led thinking forward at  Aviva, Axa, Eon and now with The Share Centre, Darren has always had ‘customer ‘ in his title and customer contentment on his agenda. Darren will share the award nominated  FS CX presentation from The Share Centre.

“Christopher delivered a first class presentation at our Protect Association conference. As Simon Cowell would say, ‘He nailed it!’ – Steve Devine, Chairman, PROTECT

If you are interested, we would love to see you there. Either complete the contact form above, reply via the website lexdengroup.com or email christopherbrooks@lexdengroup.com to secure your complimentary place.

Full details of this event are below.

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Lexden helps deliver Customer Experience Strategy and Management for clients seeking sustainable profit from customer experience.

If you like what you’ve read please sign-up to Lexden’s ‘Customer’s World’ Update for ideas, inspiration and insights to improve your customer strategy endeavours. 

For further information on how we can help with your customer challenges contact christopherbrooks@lexdengroup.com or call M: +44 (0) 7968 316548 or T: +44 (0)1279 902205.  You can also follow us on LinkedIn, Facebook or Twitter or read client testimonials and case studies at www.lexdengroup.com.

How M.A.D. is your Customer Experience?

cx model

Is the ROI on your customer experience living up to its potential?

In our experience many CX programmes full short of what they should deliver largely because of the structure of the programme.  They end up Maintaining an acceptable customer experience or only occasionally delivering a real Advantage to customers and the business  but rarely achieving the ultimate ambition of reinforcing the Differentiation of the brand (or M.A.D. CX for short).

What does your CX working world look like?

If you find yourself knee deep in root cause analysis, customer mapping yet another page of exceptions, struggling to get MI produced at touch point level or explaining to the board why NPS has plateaued whilst CX investment has increased, then you are know your are a customer experience practioner.

But if this sounds familiar it may mean your customer experience programme has become more about maintaining a level of acceptable customer experience rather than striving for reinforcing brand differentiation.

Despite the business investing the resource, communicating the importance of customer centricity internally, delivering dozens of cost and time saving experience improvements and celebrating NPS increases, many CX programmes are not actually getting past ‘Level 1 – Maintain‘.

It’s reinforced by customers who believe only 8% of companies deliver a great customer experience whilst 80% of companies believe they do.

With this in mind, we’ve made it our mission to help brands revisit their approach and achieve the optimum potential of their CX endeavours.

At Lexden we’ve developed an independent check-point Customer Experience Effectiveness Audit to help brands committed to customers to understand where they are, how they got there, how much more they could achieve from CX and how to get on track to realise this.

We call it our M.A.D. CX Audit. It covers:

  • Identify which level your CX is at now and what’s keeping you there
  • Understand the business environment CX is operating in and the governance surrounding it
  • Identify how your employee’s and customer’s value your customer experience activities
  • Assess the commercial impact of customer experience improvements to date
  • Identify your journey comparative to your competitors, your senior stakeholders and your customer’s expectations
  • Identify the optimum level for customer experience within the organisation
  • Highlight activities requiring realignment (people, planning, partners, process, culture) to effectively support revised optimum level potential

It’s the perfect ‘light touch, high impact’ review to ensure your CX programme achieves the maximum ROI.

Or for more details of the service, please click here.

Posted by Christopher Brooks

Lexden is a Customer Strategy Agency | We put customers at the heart of the decision 

We work with brands to attract and retain happy customers | We achieve this by helping them to understand what makes their customers tick, building memorable customer experiences and creating engaging customer value propositions.

If you like what you’ve read sign-up to our ‘Putting Customers First’ newsletter. Or for further information contact christopherbrooks@lexdengroup.com or call us on M: +44 (0) 7968 316548.     You can also follow us on LinkedIn, Facebook or Twitter or read client case studies at www.lexdengroup.com