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March 17, 2010 Crafting Your Voice Of The Customer ProgramBest Practices In Six Key Areas Of A Closed-Loop Voice Of The Customer Programby Bruce D. Temkin with Andrew McInnes, Rachel Zinser |
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Most large North American companies have some type of voice of the customer (VoC) program in place. But most of these programs fall short of fueling customer-centric behaviors. Our analysis found that successful closed-loop VoC programs combine six components: listening, interpreting, reacting, monitoring, culture and alignments, as well as governance and organization. To uncover best practices across the six components, we interviewed four firms with well-established VoC practices: Experian Information Solutions, KeyBank, Progressive Casualty Insurance, and Vanguard. Based on this research, we also developed a self-test for firms to assess their own VoC programs.
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Customer Experience, Customer Experience Management
Financial Services, Insurance, Retail Banking, Financial Services Customer Experience, Retail Credit, Consumer Financial Services, Investments