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“Customer Experience is not just about

passion. It is about profitable results.”

~Lior Arussy

Many Customer-Centric Strategies Fail to Reach Their Potential According to a New Study by Harvard Business Review Analytic Services

Posted: Sep 09, 2015 by K. Sirimoglu

Recent study finds that while nearly 75% of companies surveyed are planning to have a customer-centric strategy in place in the next two years, they are missing critical elements of success.

To keep pace with rapidly changing business environments, companies are under the gun to put customers at the center of everything. Many businesses are implementing customer-centricity strategies at great speed. A survey of 315 business executives conducted by Harvard Business Review Analytic Services found that 43% of organizations plan to have the strategy in place in a year or less. The study, “Making Customer-Centric Strategies Take Hold,” was sponsored by customer experience strategy leader Strativity Group.

The study found that the implementation of these strategies is likely to falter as many organizations fail to create meaningful visions behind them. The challenges start at the top: The survey found there is a distinct lack of confidence on the part of respondents in their organization’s ability to clearly articulate a vision and strategy and align senior teams around them.
“Many customer-centric strategies fail during execution because they were designed for the boardroom not for the customer-facing employee,” said Strativity President Lior Arussy. “It is time to bridge the executive-employee gap with an integrated approach, linking strategy and vision, organizational alignment, change management, employee training and empowerment, with measurements.”

The study uncovered a significant amount of organizational un-readiness. There was a significant gap between the importance respondents place on training and the ability of their organizations to provide it: nearly 80 percent believe it is very important and only approximately 40% say their organizations do it well.

Strativity’s Arussy offers five strategies organizations can use to successfully accelerate customer centricity:

  1. Create a meaningful, human cause.
  2. Integrate initiatives into a holistic program.
  3. Design strategies for employee performance.
  4. Align processes with metrics to accelerate.
  5. Set the standard at “exceptional” in everything.

For more information about this study, please visit Making Customer-Centric Strategies Take Hold

 

Strativity Group – Passion, Expertise and Execution
The people at Strativity are united by passion and guided by a proprietary integrated methodology to unleash exceptional performance with employees and customers. With experience at leading organizations such as Bain, Deloitte, EY, Ipsos, Bulgari and HP, Strativity brings world-class experience combined with a focus on measurable results.

We measure success by a single word: Execution.

Strativity has had the privilege of working with exceptional brands such as Mercedes-Benz, MasterCard, Royal Caribbean Cruise Line, Walmart, New York Times, FedEx, Clinton Foundation, American Management Association, SAP, Wyeth, Honeywell and Johnson & Johnson.

With over 160 completed projects in 21 countries impacting over 250 million customers and 400,000 employees, Strativity is ready to face your challenge.