Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »August 15, 2005 — CIO —
A recent survey by the Customer Respect Group found that only six of the 100 largest U.S. companies deliver an excellent online experience to consumers. One of the goals of this and many other surveys, whether conducted by third parties or in-house, is to pinpoint what creates repeat business. However customer satisfaction is measured, the value of the results depends on asking the right questions.
In this regard, third-party surveys have two advantages over in-house studies, says James Chung, president of the Reach Advisors consultancy. First, they avoid the internal biases that lead many companies to ask about the quality of their customer service, marketing and billing rather than about "how the customer buys." Second, independent researchers can establish industry benchmarks, enabling companies to compare themselves with competitors. Nevertheless, satisfaction isn’t the golden metric most businesses assume it is, Chung says: There’s a low correlation between satisfaction and purchasing behavior.
Marketing consultant Bruce Kasanoff claims there’s only one meaningful question to ask customers: "How likely is it that you will recommend us to a friend or colleague?" The answers, ranked on a 1-to-10 "likeliness scale," are all a company needs to know, he says. Customers who answer 9 or 10 are loyal promoters of your company; those who answer 6 or less are detractors. The remainder Kasanoff terms "passively satisfied." Segmenting all these customers by their business value and following up with them accordingly will help you repair your loyalty problem, he says.
But don’t dare rest on your laurels, says Terry Golesworthy, president of the Customer Respect Group. "The surveys that tell you that you are doing things absolutely perfectly are the ones you should be concerned about." They’re a sign that you haven’t asked the right questions yet.