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:
YMCA Eyes Growth With Plans For New, Expanded Facilities
Emma Dill
-
Apr 23, 2024
|
|
Burns, Redenbaugh Promoted At Coastal Horizons
Staff Reports
-
Apr 23, 2024
|
|
Cold Storage Developer Sets Near-port Facility Completion Date
Audrey Elsberry
-
Apr 24, 2024
|
|
Wilmington Financial Firm Transitions To Wells Fargo's Independent Brokerage Arm
Audrey Elsberry
-
Apr 24, 2024
|
|
Krug Joins Infinity Acupuncture
Staff Reports
-
Apr 23, 2024
|
Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....
“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...
W.R. Rayson is a family-owned manufacturer and converter of disposable paper products used in the dental, medical laboratory and beauty indu...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.