Customer Engagement in Stockland: Case Study and Scenario
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This article discusses Stockland's business, organizational structure, customer groups, and customer engagement methods. It also provides a scenario for a satisfaction audit and a set of customer satisfaction survey questions for Stockland's shopping centre.
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Customer Engagement1 Part A – Case Study: Stocklands 1)What sort of business is Stockland? Describe in your own words in one paragraph. Answer- Stockland is among the Australia’s biggest diversified property groups and is engaged in the business of managing and developing shopping centres, office assets, logistics centres and business parks, retirement living villages and residential communities. In other words, Stockland is one of the largest community creators in Australia that aims to make valuable contributions to the society with their dynamic town centres where people live, work and shop (Stockland, 2017). 2)What is the structure of the organization? Answer- The organizational structure of Stockland consists of a non-executive chairman, Board of Directors, a managing director, Chief Financial Officer, a CEO for commercial property, a CEO for retirement living ,a CEO for residential property and a CEO for commercial property., General Counsel and Company Secretary, Chief Investment Officer and Chief Operating Officer (The Official Board, 2017). 3)Identify the groups within the customer base. Answer- Stockland have a diversified range of customers across their business units (Retirement Living, Commercial Property and Residential).The groups within the Stockland’s customer base includes people residing in their residential communities and retirement living communities as well as the potential residents of both kind of housing, the customers and sellers in shopping centres and the business and logistic park tenants of their commercial assets (ASX, 2016). 4)Explain how Stockland engages with the customers within the different groups. Answer- A research community known as ‘Stockland Exchange’ is launched by Stockland for the purpose of conducting research across their assets and projects in order
Customer Engagement2 to understand the needs of the customer and their experience journey. This is done with the help of the maintaining constant interactions between the customers and Stockland through various polls, surveys, receive deals, feedback and by taking part in discussions. Moreover, annual satisfaction research is conducted among their tenants so that the concerns of the tenants can be responded on time. Shopper satisfaction audits are also organized with the help of the community to identify the opportunities for meeting the needs of the customers by the way of offering the correct product mix and engaging shopping environments (Stockland, 2017). 5)What are the best methods for setting up contact for each group of customers to gain insight into their needs? Answer- The methods vary for setting up contact with each group of customer since the requirement and considerations of different customer base are different and is reviewed by the way of insights that improve the performance (Stone, 2004). Customer insights involves researching about the behaviors and attitudes of the existing and probable customers in order to develop products and services that meet the requirements of the customers and at the same time generate more sustainable returns for the business. For allowing easy and quick flow of information between the company and the customer groups various threads and surveys are created within Stockland exchange. This is will also support by growing the response rate on the posts from the customers and streamlining content. Moreover, the experiences of the customers are tracked for the purpose of evaluating the areas in service delivery which require improvement. Regular ongoing engagement and annual surveys are conducted with the customers such that rapid issue management and quality service can be ensured (Smart Insights, 2015). 6)Explain how and why Customer Engagement methods vary across business units? Answer- Customer engagement methods vary across business units due to the reason that the requirement and considerations of the diverse customer base is different. In other words, the unique needs and wants of different groups of the customers require their own
Customer Engagement3 method of engagement (Brodie, Hollebeek & Conduit, 2015). Tenants of the industrial property would require to directly contact a representative through a call or an email while the shoppers would prefer to discuss their queries through the use of online forums and also require a convenient way of contacting the company. Part B – Scenario 1.Defineatleastoneresearchobjectiveforyoursatisfactionaudit. Answer- One of the important research objectives of the satisfaction audit will be to determine how frequently the customers visit the Stockland’s Shopping Centre. This will also enable them to obtain a better knowledge of the demographics that shop at Stockland and accordingly frame strategy for managing the high and low traffic times for the shopping centre and the parking lots (Survey Monkey, 2017). Also, proper arrangements can be made in the parking lot in order to avoid chaos by determining the expected number of two wheelers and four wheelers. 2.Customer Satisfaction Survey Questions. 1.Do you find parking space for your vehicle every time you visit Stockland without any trouble? a)Yes b)No 2.Do you find all the variety of things you need in our shopping centre? a)Yes b)No 3.Are you satisfied with the performance of Stockland’s customer service staff? Please rate your experience from 1 to 10 by ticking the suitable option. 1 2 3 4 5 6 7 8 9 10 4.Please rate the level of satisfaction received from the services available at Stockland on the scale of 1 to 10. 1 2 3 4 5 6 7 8 9 10
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Customer Engagement4 5.Are you satisfied by the shopping environment of Stockland in terms of cleanliness? a)Yes b)No 6.Please specify the no. of times you visit Stockland for shopping during a normal week. 1 2 3 4 5 6 7 7.When do you prefer to shop at the Stockland Shopping Centre i.e. during the weekdays or weekends? a)Weekdays b)Weekends 8.Do you find Stockland’s signage system useful for locating the shopping centres? a)Yes b)No 9.Would to recommend Stockland to your friends and family as a shopping destination? a)Yes b)No 10.Please rate your overall shopping experience at Stockland Shopping Centre on the scale of 1 to 10. 1 2 3 4 5 6 7 8 9 10
Customer Engagement5 References ASX. (2016).Results built on sound strategy.Retrieved November 28, 2017 from http://www.asx.com.au/asxpdf/20160923/pdf/43bdb4bkl8t8tz.pdf Brodie, R. J., Hollebeek, L. D. & Conduit, J. (2015).Customer Engagement: Contemporary issues and challenges.Routledge. Smart Insights (2015).5 creative techniques to gain customer insight.Retrieved November 28, 2017 fromhttps://www.smartinsights.com/marketplace-analysis/customer-analysis/ creativecustomerinsight/ Stockland. (2017).Customer Engagement.Retrieved November 28, 2017 from https://www.google.co.in/url? sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjdsLLcy eDXAhUIuY8KHViVAEkQFggvMAA&url=https%3A%2F%2Fwww.stockland.com.au %2F~%2Fmedia%2Fcorporate%2Fpdf%2Fabout-stockland%2Fsustainability %2Fcustomer-engagement-fy15.ashx%3Fla %3Den&usg=AOvVaw1WoFBpNd906fmoOYoSfsyy Stockland. (2017).Our Business. Retrieved November 28, 2017 from https://www.stockland.com.au/corporate-reporting/our-business Stone, M. (2004).Consumer Insight: How to Use Data and Market Research to Get Closer. Kogan Page Publishers. Survey Monkey. (2017).Professional surveys for marketers.Retrieved November 28, 2017 from https://www.surveymonkey.com/mp/marketing-surveys/ The Official Board. (2017).Stockland.Retrieved November 28, 2017 from https://www.theofficialboard.com/org-chart/stockland