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 »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »Apply today for a FREE subscription to CIO Magazine!
May 21, 2008 — CIO — Wondering how to improve your company's e-commerce operations and increase customer loyalty, sales and word of mouth? Just follow the customer satisfaction strategies of Netflix.com, QVC.com and Amazon.com.
For the fourth year in a row, the online operations from Netflix, QVC and Amazon claimed the top three spots in ForeSee Results' "Top 100 Online Retail Satisfaction Index" survey report. Netflix scored an 86, QVC an 84 and Amazon an 83; the average for the top 100 was 75. (Scores are determined by measuring Internet shoppers' overall satisfaction when they visit a retailer's website, whether they purchase something or not.)
Don't think online customer satisfaction matters?
"Online satisfaction, when measured scientifically with a proven methodology, is both a key performance metric of current success and a predictive indicator of future sales, loyalty and word of mouth recommendation," writes Larry Freed, the CEO of ForeSee Results, in the survey report. "Especially in a tough economy, retailers that satisfy online shoppers have a competitive advantage." (For more, see "Retailers Are Winning by Focusing on Customer-Centric Systems -- Not Whining About the Economy.")
ForeSee Results' 2008 survey data finds that these seven online businesses satisfy online shoppers the best.
| Website | Score | Change from |
|---|---|---|
| '07 | ||
| Netflix.com | 86 | 1% |
| QVC.com | 84 | -1% |
| Amazon.com | 83 | 0% |
| DrsFosterSmith.com | 81 | 0% |
| Shutterfly.com | 80 | 4% |
| Newegg.com | 80 | 3% |
| Apple.com | 80 | 1% |
According to ForeSee Results data, highly satisfied online shoppers are 69 percent more likely to purchase from the same retailer the next time they're looking to buy similar merchandise, 75 percent more likely to purchase online, 42 percent more likely to purchase offline, and 75 percent more likely to recommend the retailer than shoppers who have a low level of satisfaction with the retailer.
In addition, ForeSee Results' data shows that a single point increase in customer satisfaction would lead to an average online sales increase of $112 million for the top 100 online retailers that have been measured during the past two years. (To read why companies aren't meeting shoppers' customer service expectations, see "Your Customer Service Stinks.")
At a high level, Freed writes, e-retailers should focus on "online branding and site experience in order to increase customer satisfaction, loyalty and purchase intent." (See "How Wal-Mart Lost Its Technology Edge" for an inside look at how Walmart.com is faring.)
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
Over 25 tutorials on everything from business intelligence to virtualization.