Term Paper on "Customer Value"
Term Paper 10 pages (2901 words) Sources: 1+
[EXCERPT] . . . .
Business Resource Management GroupCustomer Service Strategy Assessment
Introduction
The intent of this paper is to analyze the customer service strategies of
the Business Resource Management Group. The basis of this analysis is an
interpretation and discussion of a customer service survey completed in
conjunction with the company recently. The Business Resource Management
Group is a consultancy that serves small businesses in the areas of IT
Development, Human Resources, Marketing, and Organizational Development
specifically focusing on those emerging small businesses that are in the
introductory and growth stages of development, typically with 50 employees
or less. As Business Resource Management Group is by nature a services-
based company, the need for ensuring a consistently high level of
performance for clients needs to be translated into along-term strategic
advantage. Customer service must be the foundation of all areas of this
consultancy if it is achieve its full potential and continually attract and
serve new clients.
Customer Service Implications based on Survey Results
In assessing the commitment to and level of customer service at Business
Resource Management Group, ten questions were created to measure the
consultancy's current level of customer centricity and ability to take the
core values of service and base their strategies and initiatives on them.
These ten questions also focus on the level of interorganizational
knowledge sharing and commitment to shar
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throughout the consultancy. This is a critical value for any company to
have when it comes to customer service, as everyone in a consultancy,
especially a smaller one like Business Resource Management Group, needs to
have good visibility into all customer-related information to effectively
serve them. The intent of this section is to review each of the responses
to the survey and discuss the results of each survey answer in terms of
implementing customer service strategies throughout Business Resource
Management Group. Each of the questions were specifically scored on a 5
point Likert Scale with the following values:
1 = Strongly Disagree
2 = Disagree
3 = Neutral
4 = Agree
5 = Strong
Each of the questions is now presented below followed by an analysis of
what their responses indicate about Business Resource Management Group
today from a customer service standpoint.
Question 1: Our business objectives are driven primarily by customer
satisfaction.
With a score of 4, indicating the company's managers agree their
consultancy is driven primarily by the need to deliver customer
satisfaction, this question highlights the fact that the unmet and at times
urgent needs of customers help to define future strategies, offerings, and
even the completion of specific jobs and tasks. The commitment to customer
satisfaction needs to be backed up with strategies for measuring just how
satisfied customers are to begin with, what approaches work best for
increasing satisfaction, and when does a customer typically make the
transition from transacting with Business Resource Management Group to
being a loyal client and turning to the consultancy for the majority of
their work. For the consultancy to accomplish this, there must be a
measure of customer churn completed, specifically looking at how often
customers defect and why. Only from understanding churn will the
consultancy be able to translate their high level of commitment to customer
satisfaction driving business objectives to action in the form of plans,
strategies and programs. For customer satisfaction to be the cornerstone
of any objective at Business Resource Management Group it must first be
measured, and second, the reciprocal value of why customers leave, or
customer churn, must also be understood.
Question 2: We constantly monitor our level of commitment and orientation
to serving customer needs.
With a score of 2, the consultancy's management is saying that while
objectives are for the most part driven by a concern for customer
satisfaction, the company does not actively monitor, or evaluate its level
of comment and orientation to serving customer needs. This is ironic as on
the one hand, objectives are set with customer satisfaction in mind, yet
there is not active monitoring how well the company is tracking to that
ideal.
Clearly what is needed is a multi-step program to bring the commitment to
and orientation towards serving customer needs into the forefront of how
the consultancy evaluates major strategies, process creation and re-
definition around major functional areas and programs. Next, each new
strategy or initiative needs to be evaluated from the standpoint of
benchmarking its level of commitment and orientation to fulfilling major
unmet customer needs. Only after this two-step process will the
consultancy be able to unequivocally state they have increased the level of
monitoring of their commitment to and step to integrate process for
tracking and creating a culture that stresses orientation to customer
needs.
Question 3: We freely communicate information about our successful and
unsuccessful customer experiences across all business functions.
With a rating of 1, the consultancy's managers strongly disagree with this
statement, and it is fairly common to see this even in the most customer-
centric of organizations. The ability to share both exceptionally good and
bad news about customers is one of the more difficult processes companies
struggle to put into place. With a rating of 1 it is clear that no news
regarding customer successes or failures is making its way through the
organization.
This points to a broader systemic problem within the organization, and that
is the lack of knowledge transfer is limiting the company's ability to turn
into an organization that learns. This is a critical shortcoming for any
consultancy, as it is critical that over time, in the service of customers,
the company learns which strategies, processes and programs deliver best
practices to its clients. Without a more fluid and effective approach to
sharing both good and bad customer stories, the consultancy will
drastically slow down its ability to innovate.
Question 4: Our strategy for competitive advantage is based on our
understanding of customer's needs.
With a rating of 5 which signals that the consultancy's senior management
sees their acuity and insight into customers' needs as being superior, so
much so that it leads to competitive advantage, this question is the only
one to get rated with the highest ranking possible. In providing services
to clients, the consultancy out of necessity needs to understand, in
detail, the clients' objectives and unmet needs. Those are the cornerstones
of any successful client engagement and the essence of exceeding their
expectations. From the low scores on other questions it appears that
senior management may be confusing in-depth project knowledge for customers
versus the broader markets' unmet needs.
Paradoxically many services-based companies say they their competitive
advantage comes from their understanding of customers' needs yet have no
idea what levels of satisfaction their customers are experiencing, or
better yet, the actual benefits they are accruing from the initiatives,
plans, programs, and strategies put into place at the consultancy's
recommendation. Simply put, despite what many services companies claim as
exceptional competitive advantage based on customers' needs, they have no
idea if the initiatives, plans, programs, and strategies are making an
impact or not. This issue of making an impact for the customer is major
one and is ultimately the true test of the value that this consultancy is
delivering to its clients. To have a competitive advantage based on an
understanding of customers' needs but to not act on them is to deny the
consultancy evidence of making an impact on the part of its clients.
Question 5: We measure customer satisfaction systematically and frequently.
With a score of 2, this signals that despite a belief on the part of senior
management that the consultancy has customer centricity as the basis of
their objectives in the first question of the survey, there is no tie-back
to actually measuring satisfaction. This disconnect happens in many
services-based companies as it is assumed that if the customer pays, they
are generally OK with what was delivered. Yet as was mentioned in the
analysis of Question 4, it is common for services companies especially to
claim that their understanding of customers' needs leads to competitive
advantage, yet they never actually measure the impact of their strategies
on their specific customers' level of satisfaction.
For Business Resource Management Group to transform what it perceives as a
competitive advantage into an actual one, it must become very focused and
forthright in measuring customer satisfaction. First a methodology must be
defined that is unbiased, and that truly reflects the opinions of customers
regarding both the quality of the consultancy's work and the impact it
makes on their own business strategies. Second, the results of the surveys
need to be visible throughout the entire organization. Charts and graphs
showing customer satisfaction scores need to be highly visible throughout
the company, and measures of customer satisfaction need to begin permeating
the discussions and strategy sessions as well. For consultancy to turn
this issue of listening to customers and their levels of satisfaction with
the firm, managers must become galvanized in their commitment to create
ongoing Voice of the Customer (VoC) programs to… READ MORE
Quoted Instructions for "Customer Value" Assignment:
Topic
I need a ten page, double spaced research paper that I can use to source information from in my original paper. See the survey from my current employer and discuss the customer service implications of the results. Offer three suggestions for how to provide even better customer service as a result of what was learned from the survey findings.
If you have the text available titled: Superior Customer Value in the New Economy, Second Edition, by William Johnson and Art Weinstein, then please include five APA citations from this textbooks. If the text is not available, then leave out the citations.
Survey Results
Strongly Disagree = 1
Disagree = 2
Nuetral = 3
Agree = 4
Strong Agree = 5
Our business objectives are driven primarily by customer satisfaction: 4
We constantly monitor our level of commitment and orientation to serving customer needs: 2
We freely communicate information about our successful and unsuccessful customer experiences across all business functions: 1
Our strategy for competitive advantage is based on our understanding of customer*****s needs: 5
We measure customer satisfaction systematically and frequently: 2
We have routine or regular measures of customer service: 3
We are more customer focused than our competitors: 4
I believe this business exists primarily to serve customers: 2
We poll end users at least once per year to assess the quality of our products and services: 2
Data on customer satisfaction are disseminated at all levels in this business unit on a regular basis: 2
Company
The Business Resource Management Group is a company that focuses on business consulting to small businesses in the area of IT development, Human Resources, Marketing, and Organizational Development. Our customers include small business owners with less than 50 employees, and specifically we focus on businesses that are exiting the introductory stage and entering the growth stage.
Preferred Outline for Research Information
Introduction
a. Introduce purpose of paper
b. Review the fact that we took a survey of my current company and describe the company*****s functions
c. Discuss the importance of customer service in an organization
d. Review what is going to be discussed in the paper, such as the service implications based on the results and suggestions on how to improve based on the findings
Customer Service Implications based on the results
a. Review each survey answer
b. Discuss what the results of each survey answer mean in respect to the customer service of the organization.
Three Suggestions for Providing Better Customer Service
a. 1st suggestion on how to provide better customer service based on the results
b. 2nd suggestion on how to provide better customer service based on the results
c. 3rd suggestion on how to provide better customer service based on the results
Conclusion
a. Summarize what we discussed
b. End with the importance of customer service for business survival
How to Reference "Customer Value" Term Paper in a Bibliography
“Customer Value.” A1-TermPaper.com, 2007, https://www.a1-termpaper.com/topics/essay/business-resource-management-group/2054. Accessed 6 Jul 2024.
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