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Consumer Satisfaction Surveys
• Why consumer satisfaction surveys are so important?
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4 BVIMSR 11/1/2010
• Market price
Price
• Total cost of use
• Value for money
•Invoices on time
• Reputation of the company Company
•Invoice clarity
• Ease of doing business
•Technical service
• Courtesy from sales staff
•After sales service
• Representative's availability
•Responsiveness to enquiries Staff & Service
• Representative's knowledge
•Complaint resolution
• Reliability of returning calls
•Friendliness of the sales staff
• Delivery on time Delivery
• Speed of delivery
• Quality of the product
•Processibility of the product
• Length of life of the product
•Range of products Product
• Design of the product•Consistency of quality
2. What should be measured?
3. How should the interview be carried out?
Postal Surveys
Advantages Disadvantages Application
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3.1
Face to Face Interviews
Advantages
Disadvantages Application
Ability to build rapport and
hold the respondent longer For key customers
Expensive for a
Queries can be answered geographically dispersed
Where customers are
population
tightly grouped
geographically
Good response to open Takes longer to carry out
ended questions the fieldwork because of
Where the subject is
the logistics
complicated or lengthy
Can ask respondent to self
complete tedious scalar
response
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3.2
Telephone Interviews
Application
Advantages Disadvantages
Low cost
Tedious for respondents
High control of when there are dozens of
interviewer standards attributes to rate
Used widely in all types of
High control of sample Some consumers are hard business to business
to access by phone surveys
Easy to ask for ratings
using simple scales Cannot show explanatory
visuals
Quick turnaround of
fieldwork
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4. How should satisfaction be measured?
• Verbal scales?
• Numeric scales?
• How to measure importance or expectations?
– Mean scores
– Ranking
– Correlation
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5. What do measurements mean?
Mean scores of over 8 out of Mean scores of 7 to 8 out of Mean scores of below 7 out
10 10 of 10
• Market leader • Adequate but needs • Serious cause for concern.
• Excellent supplier attention Company will almost
certainly be losing market
share
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5.1
Fig: Customer satisfaction & the effect on loyalty
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6. How to use customer satisfaction studies to
greatest effects?
• A customer satisfaction index is a snapshot at
a point in time.
• Measuring satisfaction a continuous process
• Tracking surveys provide benchmarks of one’s
own company’s performance and, if
competitor suppliers are also being measured,
there will be measurements of relative
performance
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Model of Service Quality Gaps
• SERVQUAL is a tried and tested instrument used comparatively for
benchmarking purposes.
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Five generic dimensions of SERVQUAL
• The SERVQUAL instrument has been the predominant method used to
measure consumers’ perceptions of service quality. It has five generic
dimensions or factors and are
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Customer satisfaction research in Banking
industry
• With the phenomenal increase in the country's population and the
increased demand for banking services; speed, service quality and
customer satisfaction are going to be key differentiators for each bank's
future success.
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Contd…
2. The Profit Chain Model
Stated simply, the service profit chain asserts that satisfied and motivated
employees produce satisfied customers and satisfied customers tend to purchase more,
increasing the revenue and profits of the organization.
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