Unlocking Customer Experience

The profitable path to success
Andy Müller | Dr. Jessica Disch | Dr. Isabelle Manger | Hans-Christian Riess
Nov. 2024 | Study | Englisch

Unlocking Customer Experience

The profitable path to success

Today’s hypercompetitive marketplaces give customers unprecedented power. Many organizations recognize the importance of customer experiences but often struggle to convert customer-centric strategies into measurable results. Unlocking the full potential of customer experience (CX) initiatives demands a deep understanding of customer needs, seamless integration of technology and processes, and a company-wide commitment to placing the customer at the center of every decision. By grasping the core principles of CX and understanding its tangible value, companies can uncover new growth opportunities, enhance customer loyalty, and achieve sustainable success in today’s evolving marketplace.

This study provides an in-depth exploration of customer experience and its intrinsic value to businesses, examining the significance of CX and its influence on ROI across various industries. Additionally, it presents a structured approach for companies seeking to transform into high-performing, customer-centric organizations.

2%

increase in customer retention has the same effect on profits as cutting costs by 10 percent to 15 percent.

67%

of customer loyalty is driven by customer experiences, outperforming brand and price combined. 

87%

of companies see customer experience as a key differentiator in the market.

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