This Insights article was contributed by Dr. Donald Barnes, Associate Professor of Marketing, Cameron School of Business
Customer satisfaction is no longer enough to ensure profitable customer relationships. Satisfied customers are not loyal or willing to tell others about your business and how great it is; they are simply satisfied. Their expectations were met. Why would they tell anyone about that?
On the other hand, a delighted customer - that is, a customer who has had an emotional experience with your firm - is likely to yell positive statements about their experiences from the proverbial rooftops. The willingness of delighted customers to act as advocates for your firm helps generate new customers, which are considered the lifeblood of the modern firm.
The influence of delight is not restricted to traditional service encounters, such as restaurants or retail firms. Indeed, hospitals now find themselves in a situation where they can lose as much as two percent of their federal funding if they do not achieve the highest experience ratings from customers (i.e., “top-box” evaluations).
Customer delight is the new standard for any business that has competition. The fact that we now know the standard is a good thing. What remains for forward-thinking firms is to figure out how to provide customer delight.
The good news is that faculty members at UNCW’s Customer Delight research group have been studying customer delight in laboratory and field settings for over a decade. They have 13 peer-reviewed articles on customer delight, have received two awards for journal articles of the year, and presented around the nation on the idea of customer delight.
Some of their key findings include:
Christina Haley O'Neal - Apr 12, 2021
Cece Nunn - Apr 12, 2021
In an era when customers are transacting ever more of their banking business online or through mobile devices, bank branches are rethinking...
A former employee of Live Oak Bank and of Apiture LLC – a financial technology joint venture between Live Oak Bancshares and First Data Corp...
A legal industry accolade that comes out each year is the Super Lawyers list,....