Watermark Consulting Banner

WaterRemarks -- July 2024

News and views from customer experience advisory firm Watermark Consulting

Explore Our Services

CONSULTING | KEYNOTES | WORKSHOPS

A Message From Watermark Founder Jon Picoult

Last month, Forrester Research released its 2024 U.S. Customer Experience (CX) Index, showing CX quality at an all-time low.


Since then, CX gurus and consultancies have been falling over themselves in a rush to cite the Forrester data as incontrovertible evidence that companies need to invest more in customer experience.


However, what CX practitioners have (conveniently) neglected to mention is that just a few weeks earlier, the latest American Customer Satisfaction Index (ACSI) was released and it showed consumer satisfaction at an all-time high.


What's with the conflicting signals, and which firm's research is correct? That's the focus of this month's top story.


Best regards,



Jon Picoult

Founder, Watermark Consulting

Author, From Impressed To Obsessed

Goals

Why Customer Experience Quality Is Simultaneously Soaring And Plummeting

Two closely-watched measures of consumer satisfaction are showing very different results -- one indicating that customer experience quality is at an all-time high, the other that it is at an all-time low. In his latest Forbes column (republished here on our paywall-free blog), Watermark founder Jon Picoult tries to make sense of the conflicting signals. [4 minute read]

Read More
Why "Customer Experience" Is Bigger Than "Customer Service"

Customer Service Week Is Fast Approaching. Have You Booked A Speaker?

The annual celebration of Customer Service Week (held this year October 7-11) is just a few months away! Every October, companies around the globe use this yearly ritual to refocus their organizations around the customer service imperative (often by enlisting outside speakers). In this speech clip, Jon Picoult explains why companies should focus not just on customer service, but on customer experience. [4 minute video]

Book Jon For Your Event
Justifying CX Investments:  Why Reduced Costs Are As Crucial As Increased Sales

How To Make The Case For Customer Experience Investments

When trying to justify customer experience investments, many companies focus on the revenue impact of CX improvements. However, projecting sales increases can be challenging (and difficult to defend). The solution? Ensure your business case also considers the influence of CX improvements on operating expenses. As Jon Picoult explained when he was a guest on the Doing CX Right podcast, this is a significant part of the Customer Experience ROI equation, and one that's often easier to quantify. [31 minute show]

Listen To Interview Clip

ICYMI: A Road To Nowhere -- Why Customer Journey Maps Fail To Deliver Results

A stunning 83% of companies report disappointing results from their customer journey mapping efforts. Here's how your organization can avoid a similar fate. [3 minute read]

Read More
Calendar flipping

Missed The Last Edition Of WaterRemarks?

Did you miss out on our last edition of WaterRemarks? No worries, here's a link to access the newsletter and its lead story: "Goals Gone Wild: The Delicate Art Of Setting Performance Objectives."

Read More

THE LAST WORD

“All of Amazon's overnight successes take about ten years.”


-- Blue Origin CEO (and former Amazon executive) Dave Limp, describing the long-term view and patience that Jeff Bezos' exhibits when it comes to letting a business grow and be successful.


Source: The Wall Street Journal (May 31, 2024)

Watermark helps companies impress customers, inspire employees and improve brand loyalty. Contact us to learn more.