When faced with the choice between cutting costs or improving
customer service, most companies focus on tangible assets. But in
our service economy, the most important asset is intangible: a
company's relationship with its customers. The Satisfied Customer
is a blueprint for understanding this fact of modern business and
reveals the unheralded value of customer satisfaction. Drawing on
the results of a massive survey of American consumer satisfaction
and including examples from companies like Home Depot and UPS,
Fornell presents some surprising conclusions about outreach
strategy (exceeding a customer's expectations is risky, and
increasing customer complaints can actually be a good thing). He
also explains how to quantify and increase the value of a firm's
customer relationships - what he calls the Customer Asset.
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