Importance of Customer Experience Strategy for Samsung: A CX Analysis
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This report analyzes the importance of customer experience strategy for Samsung, including consumer persona creation, customer journey mapping, omni channel marketing, CX performance metrics, and CX processes in different industries.
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Customer Experience Strategy
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Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 TASK..............................................................................................................................................3 Consumer persona creation.........................................................................................................4 Mapping the customer journey....................................................................................................5 Omni channel marketing.............................................................................................................6 CX performance metrics............................................................................................................7 CX processes in different industries...........................................................................................8 CONCLUSION.............................................................................................................................10 REFERNCES:................................................................................................................................11 Books and Journals:..................................................................................................................11
INTRODUCTION The report aims to provide the importance of customer experience strategy for Samsung.A business works mainly to satisfy their customer needs in order to retain them for long time.It gives benefits by boosting sales, increase revenue and expand market reach.How organisation product and services satisfy customer needs and meet with their expectation is termed as customer experience.Therefore, businesses come with effective techniques and strategies to make their experience better day by day. This report is going to focus on the significance of customer experience strategy for Samsung company (Pavlić, and Ćukušić, 2019).The company is a Japanese brand which serve a great technology by providing electronics, equipment, chemicals and other diversified products (WHAT IS SAMSUNG?, 2021).This report is going to evaluate about why customer experience strategy is necessary for the company which develop their operations in the UK. The report will present customer mapping journey, performance metrics and ensure omni channel marketing in order to ascertain industry competition and boost their sales in the future years. as the company facing declines due to many competition and market intermediaries which have stops company growth as they require to know what actually customers wants and how it could achieved. MAIN BODY TASK The importance of customer experience:customer experience is basically shows how a person feels and experience after purchasing a particular brands product. This experience might makes them happy or even unsatisfying if the product will not as much worthy as per their expectations. As customer buys to get their money worth satisfaction which keeps them satisfied and retained in organisational favour.Therefore, it is necessary to get an insight about customer experience for organisation. It will show whether the company delivering valuable product into society orwasting their time to repeating same ineffective practices.Therefore, in case of Samsung, it is very crucial to know how consumer felt at the time of purchase. Themain product sold in the last so many year isSamsung mobile phones, as it become necessaries for every person to have a digital device which gives all in one features like camera, network connectivity, adaptability and many more.The company launched many smartphones with new features but somehow it lacks in competing with other brands in terms of camera quality, battery life and
many more. For examples, Samsung M31 has great features but the camera does not work well in night mode and make the pictures blur.This makes an average experience for customers which lowers down the growth of company and requires regular innovation. Ascertain competitive advantage:Through customer experiences strategy, Samsung could gain competitive advantage into market. As competition lowers down the potential of Samsung mobilesandotherelectronicitem.Samsungprovidequalitygoodstotakecompetitive advantages with other brands like Redmi, Apple Inc. Enhance customer satisfaction:Involving customer experience strategy will satisfy customer and their demands at its best (Nguyen, Quach, and Thaichon, 2021). The more company will focus on customer demand and tries to make their experience fantastic, the more customer will remain loyal towards organisation.Therefore, Samsung needs to take customer retention to boost their sales and earn maximum profit. It is important for the company as there are many products substitutes and brands which may garb customer attention. So, it is essential to create CX strategies for Samsung mobile phones before it get too late to re capture the market again. Consumer persona creation Consumer persona is an image built by organisation about the customer.It analysis by doing market research and indulging with people to know about their wants, demands and strength points which company could use to attract them.It includes large groups of customer which divides into different categories like behaviours, patters, demands., demographical factors and more. The customerpersonasis crucial requirement for Samsung to identify exactly what their potential customer demand from the company. so that, the CX strategies will be based upon relevant ideas and consideration of important factors.The customer persona for Samsung is presented underneath: Demographics and storyThe company mainly focus on the age group of 25andabovewiththemediumlevelof income.The aim is to deliver product features appropriately among the customers. ProfileSamsung mainly wants to target people who are of middle and high income group as well as high income level group as they serve quality
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productsinaccordingtobuyerspurchasing power. Motivations for using Samsung mobileThecustomershavevariousadvantagesfor using Samsung phones as company has good brand reputation which satisfy both needs of customer I.e., status symboland product need of customer. Goals for using SamsungTheSamsungestablishedaprocessof innovation and frequent carnage in products as per market demands. Giving vast features and quality is the main goal of company (Raina, Chahal, and Dutta, 2019). Pain points a Samsung mobile solvesThe Samsung gives a pain point solution of customer wants by providing all the features in one mobile phone. Mapping the customer journey A customer come along with many paths or ways while making decision for purchase. Different people have different kinds behaviour to choose and select product. This could only understand by marketers who gets involve with their taste and preference and try to find out what exactly they want. Mapping out customer journey is a necessary concept for Samsung to acknowledgehow they could make a better experience of purchase by forming appropriate CX strategies. Mapping of customer journey Stages of journeyThe Samsung needs to map out customer journey by following various stages of their journey which will be helpful to take strategic decisions effectively. ï‚·Awareness
ï‚·Evaluate ï‚·Acquisition ï‚·Retention ï‚·Advocacy These stages are essential for Samsung in order to frame customer journey. It is vital to take decision which accomplish each stagein order to gain desired results. the company will focus on minimum level of age group so that people will understand the motive of company. ActivitiesSamsung serves various kinds of products in electronic items like mobiles,earphones,televisionandmanymore(Micheaux,and Bosio,2019). the companyprovide quality and durable goods but not attractive as much as their competitors. Feelings and needsCustomer feels that, Samsung products must be more attractive and with unique features.Sometimes, they does not feel money worth satisfactionsInproductsasthesamefeaturesareavailablein products substitutes of other brands. Therefore, there is need for quality and attractive features. Potential opportunities for improvement Improvements and changes are requires very often in company. Samsung needs to enable feedbacks, reviews form customer after making sales to know whether the strategies performed well or not. Omni channel marketing Omni channel marketing is a traditional as well as modern concept of marketing.It is a way to market products and services in order toreach large customer simultaneously.The main motto of using this channel is to collaborate with different channels so that, customer will get aware about products and service. The purpose of this marketing is to provide a versatile experience of purchase by being convenient and user friendly.Through this mode of channel, customer experience wide choices to select their path of purchase.It could be offline and online both. It provides many benefits to the customer in the modern scenario and all with the help of
digital technologywhich makes the process easy and quick through social media platformsto buy and pick products.Basically, business which use Omni channel marketing provide products and service through multi channels and collaborations.(Bernard,and Andritsos, 2017). This way of marketing is effective as products reach to many individuals with convenient platforms. Customer get advantageto interact withother brands and company directly andask their doubts or queries beforemaking decision for purchase.Due to digitalisation, Omni channel is rising rapidly and people prefer to shop online rather than visiting storeswhen they could get online deliveries and customer services at home. As, Samsung provides both offline and online facilities to experience products and service. Customers could easily look at productsby checking images on websites orfeel and touch mobile or other electronic items by going to stores. Samsung has many stores across UK at most of the streets and towns so that, customer could choose the mode of purchase by their own. Omni channel marketing is beneficial to reaching out to the customer and grab every opportunity top boost its sales. Consumer connects with several brands though omni channel strategies with the aim to achieve a useful experience of their journey at each stage. For example, in online marketing, customer could analysis product featuresby go throughdescription, images and to reviews a that helps customers to create their interest and be able to compare it with other brands.Also, there are some special facilities and messages provided by Samsung as per customer preference on some occasions and interactions (Aliekperov, 2020). for example, the Company launch campaign on occasion of festivals and showcase new featuresof camera and many others.Also, Samsung use many marketing channels such as social media like Email, website, collaborations. Whereas,offlinechannelsincludepromotionalplatformslikeadvertisements,campaigns, articles, news and media and many more.With the effect of this strategy, the company is still being capable to exist in this competitive market. It does not slower down its growth by analysing customer journey and creates well strategy which suits customers taste, wants and worth of money. The role of interactions and customisation is also get fulfil under this strategy. Samsung become able to interact with customer through various challenges as percustomer convenience. Also, the products and services could provide as per special demand of customer which customise products in according to their wants.
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CX performance metrics Customer performance metrics isan indicator to track the satisfaction level of customers with organisation product or service. It is need for every organisation in order to check the overall performance of the company. It gives an insight about how their products and services affecting thedemandofcustomerinthecompetitivemarket.Theseperformancemetricshelpto understand the positive and negative aspects of strategies and helps in improvising it in the nearby future.In context of Samsung, loyal customers are the very first target of the company as they give benefits in boosting sales and brand name of the company.So that, their strategies largely focus on customer experience, performance and how it could be better. The effective metrics are described below: Customer Satisfaction This metric is the most essential one as the performance of company is depend on it. These performance would get analyse through undertaking customers reviews by defining it as some point of gestures likegood, better, excellent or bad(Balaraman, 2021). This will acknowledge the company about how much people are satisfied and unsatisfied with the products and service. Brand Sentiment Score A business work hard to establish a reputed brand name in the eyes of customers and eliminate all the negative perception or rumours.This metrics ishelpful forthe Samsung to interact with people directly and make them understand about company and its objective.This concept work effectively as customer will not get influence by others perception without experiencing the product by themselves(Berman, and Thelen,2018).This could be done through providing free giveaways, counselling and demo usage of productsto the localities. Net Promoter Score This metric is useful for both customer and organisation.The company will get rating of their brand by number of people which will showcase the potential of organisation.Whereas, customer will get helpin taking purchasing decisionby knowing brand rating and what are the pros and cons of using Samsung products. NPS is effective and is very common nowadays due to rise of social media platforms. Frictionless Interaction Score
This metric is useful for thecustomer as they will get to know about organisation process and analyse whether it works to fulfil their expectations.In this, customer make efforts to give their opinion for analysing companies performance. It has evaluated from the four metrics discussed above that all are vital for the company in order top look upon companies performance. Recommendations: ï‚·Samsung needs to use customer satisfaction metric through which, they couldmake changes in products and services as per their expectations. ï‚·The metric of brand sentiments is also vital for the company to avoid misunderstanding and convert customers negative perception into positive way. CX processes in different industries There is requirement of comparison in order to analyse critical success factor.It evaluates about, the two different organisation which has different strategies and organisational process(Imhof, and Klaus, 2020). Samsung and Tesco are bothreputed firm of UK and Japan respectivelywhich have great brand positioning. The comparison is listed below: CX Critical Success FactorsSamsungTesco Organizational StructureSamsungprovidediversified rangeofproductsatmany locations.Therefore,they follow divisional structures in whichtheirdepartmentsare segmentedintothreeparts. That is, IT, electronic, device solutions andmobiles. Tesco is also working at large level and has many diversified range of activities. Therefore, it followshierarchical organisationalstructure.The companymaintainefficiency by following proper structure by dividing work, power and responsibilitiesinsystematic manner. Interaction StrategySamsung use many channels ofmarketingand communicationtointeract withworldwidecustomers. Tesco is also scattered its reach to worldwide level.they use socialmediachannelslike Instagram,Facebook,twitters
Socialmediaplatformslike websites and other promotions wayslikeadvertisingand eventsarethebestwayto communicate with people. togetinteractdigitallyand launchcampaignsformore customerparticipation. (Shankar,andKushwaha, 2021). TechnologySamsung believes in frequent technology up gradation. The company use new and graded technologytoproduce electronics and make customer experiencebetterthough AI, CRM and many more. Tescoisnotverywell updated in technology as the products are day to day goods whichdoesnotrequireany frequentinnovationor techniques.Technologyis usedatTescoforsupply, delivery and customer support likeAI,CRMandother management support. Data and AnalyticsAnalysing data and analytics is the most prominent element of customermappingjourney, when company looks for data of customer retention and sales analytics, it gets beneficial for the firm to have insight about what customer are likingand whataretheirexpectations. Samsung use big data analytics and AI technology to ascertain customeractivityatevery levelsothat,mapping customer journey will be easy and prominent. Tescoisalsoworkingto providegreatcustomer satisfactioninordertomap strategies and enhance success rate.Thecompanyneedsto analyse customer preferencein food,clothingandother diversified range of products. The company use many ways to gain customer insights about behaviour and choice through conductingsurveysand feedbacks.
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Success MeasuresMeasuring success is the most vital task which needs to look at annual basis.Samsung use many KPI methods to measure successateverydivisional sector. These are operational, strategical and functional. Tesco believes in performance reviewsandmeasureallthe area of working. Therefore, the company present all the annual dataandKPIindicatorsto ascertain profits and growth. CONCLUSION The report has concluded about the concept of customer experience strategies. This strategy plays a vital role in order to gain success in the marketas customer is the potential elements for company. The report presented all the significance of CX strategies also, it has created customer persona, customer journey and evaluation of metrics.Also, in order to analyse the success rate of different industry, there is comparisons ontwo different firms which shows different structure, technology,interaction andmeasures. There is discussion about omni channel marketing, Customer strategy process in different industry. This has shown that, the company needs to use various channels and provide convenient service as per market demand. Customer performance metrics helped to measure the journey of customer mapping.
REFERNCES: Books and Journals: Aliekperov, A., 2020.The Customer Experience Model. Routledge. Balaraman, M., 2021.Customer to Human: The CX Factor in Modern Business. Penguin Random House India Private Limited. Berman,B.andThelen,S.,2018.Planningandimplementinganeffectiveomnichannel marketing program.International Journal of Retail & Distribution Management. Bernard, G. and Andritsos, P., 2017. A process mining based model for customer journey mapping. InForum and Doctoral Consortium Papers Presented at the 29th International Conference on Advanced Information Systems Engineering (CAiSE 2017)(Vol. 1848, pp. 49-56). CEUR Workshop Proceedings. Imhof, G. and Klaus, P., 2020. The dawn of traditional CX metrics? Examining satisfaction, EXQ, and WAR.International Journal of Market Research,62(6), pp.673-688. Micheaux, A. and Bosio, B., 2019. Customer journey mapping as a new way to teach data-driven marketing as a service.Journal of Marketing Education,41(2), pp.127-140. Nguyen, T.M., Quach, S. and Thaichon, P., 2021. The effect of AI quality on customer experience and brand relationship.Journal of Consumer Behaviour. Pavlić, D. and Ćukušić, M., 2019, September. Conceptualizing the convergence model of business process management and customer experience management. InInternational Conference on Business Process Management(pp. 328-332). Springer, Cham. Raina, S., Chahal, H. and Dutta, K., 2019. Customer experience and its marketing outcomes in financial services: A multivariate approach. InUnderstanding the Role of Business Analytics(pp. 119-143). Springer, Singapore Shankar, V. and Kushwaha, T.,2021. Omnichannelmarketing:Are cross-channeleffects symmetric?.International Journal of Research in Marketing,38(2), pp.290-310. Online WHATISSAMSUNG?,2021.[online].Availablethrough: <https://www.business-standard.com/about/what-is-samsung>