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MarketTools acquires CustomerSat
MarketTools, Inc., a provider and innovator of online market research solutions,
announced today that it has acquired CustomerSat, a leader in Enterprise
Feedback Management (EFM). The combination of the two companies establishes
the foundation for Customer Insight Management -- a new category of enterprise
solutions based on gathering intelligence, sharing information, and applying
insights throughout all phases of the product and customer lifecycle, from
idea generation to new product development, in-market strategies, and customer
engagement, retention and advocacy. CustomerSat Chairman and CEO John Chisholm
has been named MarketTools Executive Vice President and General Manager
of the CustomerSat business unit, reporting to MarketTools CEO Amal Johnson.
Call Center Employees Target Wachovia With Potential Class Action
A federal lawsuit filed recently in Alabama alleges that the nation's
fourth-largest bank failed to pay call center employees for the time required
each shift to log on to their computers and related software before taking
calls. If a class action suit proceeds and the plantiffs prevail, the
Charlotte, N.C.-based company could be required to pay millions of dollars
to compensate call center employees for back pay and overtime. Specifically,
the suit alleges that Wachovia violated terms of the Fair Labor Standards
Act by not paying for the time required at the beginning of an employee's
shift to prepare to receive customer service calls.
GWI Software Announces c.Support Version 7.0
GWI Software has announced the release of c.Support Version 7.0, with
two editions to better address the needs of support centers of differing
sizes and needs. The two web-based editions leverage a single code stream
but allow different feature set combinations. The c.Support 7.0 Service
Desk Edition's features include incident, problem, change, SLA, asset,
knowledge, and workflow management, as well as customer self-service,
ad-hoc reporting, and much more. The c.Support 7.0 Incident Management
Edition's features include powerful incident, knowledge, asset, and SLA
management, as well as customer self-service, custom reporting, advanced
routing, and much more.
Moniker Online Services Selects Parature
Customer Service Software
Parature,
a provider of on-demand customer service software, announced that Moniker
Online Services, LLC has selected Parature Customer Service software to
manage the support needs of their 65,000 customers. Moniker is a provider
of domain name registration, management, and monetization services for
individuals and businesses that wish to have a unique address and branded
identity on the Internet. Prior to implementing Parature Customer Service,
Moniker was managing all of their support requests via Microsoft Outlook.
Parature enabled Moniker to fundamentally change the way they support
their customers through its Software-as-a-Service (SaaS) delivery and
integrated intuitive design.
Eniro turns over a new page with eGain
eGain, a provider of multichannel customer service and knowledge management
software, announced that Eniro, the Nordics' leading directories and search
company, has selected its email management products to improve the quality
and efficiency of its customer service. eGain Mail is set to alleviate
the pressures and demands of email communication between its multiple
contact centers and its customers. It is replacing existing Microsoft
Outlook programs that were unable to cope with the company's increasingly
high volumes of customer demand.

Services
Industry Summit - eService Strategies and Challenges
April 21-23, 2008
Join us for the Services Industry Summit
- eService Strategies and Challenges, April 21-23, 2008 in historic
Charleston, SC. Industry luminaries from leading organizations will share
their insights and discuss the latest issues and trends in the areas of
eservices, knowledge management and others!
Register
today!
Standard
Customer Satisfaction Surveys Don't Make the Grade in Improving Service
Levels
Customer surveys are everywhere -- at the store, on the phone, the Web
-- and still customer service horror stories flourish. With all the solicitation
for customers' opinions, companies should wonder why there isn't an increase
in customer satisfaction and customer loyalty.
According
to a new white paper by Impact Achievement Group, "Asking the Right
Questions: How to Get ROI on Customer Surveys," the data gathering
is not contributing to a better understanding of customers. In part, there
are fundamental flaws in common attempts to measure customer satisfaction.
Surveying
the wrong customers:
Companies should consider how many customers have the time or are bored
enough to provide time-consuming answers for the survey company. Forget
random sampling--companies need to survey their best customers, not those
with an axe to grind. Notably, it is more common to survey the wrong customer
in the business-to-business market (decision makers versus users).
No
actionable feedback:
Frontline employees are adverse to long surveys -- they're not paid enough
nor have the time. For employees to improve customers' experience they
need to survey frequent customers -- who spend enough money -- to elicit
appropriate solutions from management.
A
disguised marketing initiative:
Many customer satisfaction surveys are nothing more than an attempt to
gain data to help better market and advertise products and services. Years
of this practice discourages customers from participating even in legitimate
surveys, further limiting survey reliability.
Scores
don't equal improved economics:
Research has consistently shown an unpredictable link between satisfaction
scores and profitability/growth. For example, detailed analysis of surveyed
customers has shown that between 60 and 80 percent of customers who've
turned to another supplier have rated themselves as "satisfied"
or "very satisfied."
One-size-fits-all
solutions can't meet a company’s unique needs:
Cookie-cutter surveys produces crummy data, yielding an "average"
insight to customers' attitudes. Instead, companies need custom, local
research that addresses the unique customer relationship and internal
business practices. Simple, anecdotal feedback is of more use to management
-- not to mention those on the front line.
Surveys
focus on transactions -- not relationships:
Customers focus on the overall experience -- not individual transactions.
Evaluating the quality of the relationship includes every detail of the
customer's experience combined with the emotional and branding ties the
customer has. Specific, transaction-oriented questions don't address customers'
overall company experience.
Dissatisfaction
as a result of the survey itself:
Intrusive, lengthy and ambiguous surveys are frustrating. When company
decision makers forget this and use outside survey companies, they avoid
direct customer dissatisfaction with the survey process. Worse, they entrust
responsibility for customer information to people with very little --
if any -- interest in representing the company's brand positively. Lousy
survey data, ignored by management, further add to customer dissatisfaction.
Manipulation
destroys credibility:
Tying performance marks or dollars to the scores can encourage manipulation
among employees. When punished or rewarded for goals they can’t
control or influence, employees instead focus on “gaming”
the reward or eliminating the punishment.
More...
Study Reveals Video and Web 2.0 are Helping Companies Increase Collaboration
in Today's More Interactive and Global Workforce
According
to a new study by Cisco, consumer adoption of video and Web 2.0 has grown,
companies are increasingly interested in using video to help grow their
businesses, reach new customers, increase collaboration between their
employees and look for more environmentally conscious means of communicating.
More than half of the 850 corporate information technology (IT) decision
makers surveyed say they are using video and Web 2.0 tools today. Another
25 percent said they are exploring such tools. However, nearly all those
surveyed said more needs to be done to ready the network before they can
implement video and Web 2.0 technologies to support organization-wide
communication and collaboration.
Video
and Web 2.0 technologies such as blogs, Wikis, telepresence and web conferencing
are helping companies to keep pace with rapid market changes. Nearly 30
percent of companies surveyed reported that the primary business reason
for investing in video and Web 2.0 tools is to address the demand for
innovative products and services from their customers. The desire to be
more environmentally conscious (26 percent) was also reported as a consideration
in rolling out video applications.
In
this era of the dynamic, collaborative knowledge worker, which is seeing
a growing importance in global teaming, and a flatter, more interactive
organization, enterprises need to innovate with their communication tools
to be more agile in response to market changes. Nearly half the respondents
anticipate using video more widely in the next five years, with more efficient
collaboration with remote employees (66 percent) and reduced travel costs
(56 percent) as the business drivers.
Additional
key findings from the study include the following:
- Aside
from cost, the biggest barrier to deploying video was challenges associated
with maintaining a secure network (27 percent).
- Respondents
agreed that IT complexity will increase as companies resolve how to
deploy video and Web 2.0 technologies on top of existing collaboration
applications.
- Only
a small percentage of companies report that their network is ready to
support video; the leading barriers are insufficient bandwidth and a
lack of network infrastructure.
- Decision-makers
in the United States are more likely to state that their network is
increasing in complexity, becoming more costly to manage while enabling
greater mobility.
More...
Business Budgets Still Cover Upgrades
A new Forrester Research report suggests that despite the uncertain U.S.
economy, many enterprises are continuing to plan major software projects
and purchases. Seventy-nine percent of 215 North American "business
process and applications professionals" surveyed said that they intend
to upgrade some or most of their core enterprise applications within three
years.
Forty-nine
percent of respondents plan to upgrade their enterprise resource planning
(ERP) software in either 2008 or 2009, according to the report. Within
the same time frame, 47 percent are set to refresh their customer relationship
management (CRM) systems, and 37 percent are eyeing supply chain management
(SCM) upgrades. These particular results are based on answers from 191
respondents, according to Forrester.
Seventy-six
percent of respondents said hardware and data center upgrades or migrations
are a "priority" or a "critical priority" during the
next 12 months. Sixty-five percent said the same for developing a master
data management (MDM) strategy.
This
activity will largely revolve around a centralized point of influence,
according to the study.
Eighty-four
percent of enterprises surveyed said their top IT officer was either "very
influential" or has "complete authority" over technology
purchasing.
"[F]irms
appear to be satisfied with centralized decision-making," the study
states. "However, the real organizational battle will be to reconcile
major software decisions being made corporatewide as the combination of
senior line-of-business execs with significant authority and budget and
the software-as-a-service (SaaS) model gives license to make application
decisions without IT's involvement."
Forrester
touts its framework for developing a long-term packaged applications strategy.
The study found that only 20 percent of respondents intended to consider
a five-year applications plan during 2008.
More...
Spending on Governance, Risk Management, and Compliance Will Exceed $32B
in 2008
AMR Research announced that companies will spend more than $32B on governance,
risk management, and compliance (GRC) in 2008 -- an increase of 7.4% over
2007. Spending on Sarbanes-Oxley (SOX) compliance is expected to grow
only 2% to $6.2B.
For the first time since AMR Research began conducting this study in 2003,
executives have shifted their GRC budget focus to operational and enterprise
risk management -- making SOX and other regulatory compliance programs
a necessary "to-do," but not a top-of-mind initiative. 31% of
companies reported that better managing and mitigating risk in the business
is the most influential issue driving their GRC investment in 2008.
For
the last few years, GRC services numbers have been decreasing as companies
streamlined compliance activities, but as risk rises in importance, companies
report they want and need guidance on how to frame the risk discussion
in a business context. Thus, GRC initiatives remain an intensely human
effort. Two-thirds of budgets (approximately $21.5B) are earmarked for
people-related expenses (services plus head count) in 2008.
More...

What Are Your Customer Demographics? By Rosanne
D'Ausilio, Ph.D., President of Human Technologies Global, Inc.
Are you aware of who your customers are? Are they male or female? What is
their age? Are they married or single? If you answered no to any these questions
you are not alone. Many organizations are unaware of who their customers
are. Why are demographics important? First, they help you in deciding which
channels of communication are most valuable to you. Secondly, for new and
potential customers, knowing your target audience is crucial. Third, demographics
serve as a means of locating geographic areas where the largest number of
potential customers live.
Full
Article...
Customer Complaints: Techniques for Special Occasions
Everyone would like something for nothing, given the chance, but most
of us stop short of deliberate scheming. Customers who are clearly out
to complain to get freebies -- meals, vouchers, tickets -- need firm handling.
Otherwise, they go away and tell their friends to try the same trick.
They could put you out of business.
Full
Article...
E-Mail In Peril
E-mail as we know it is under duress. Ever-increasing loads of spam--estimated
at up to 98% of all e-mail--is drowning out the messages business users
need to see. Highly targeted phishing attacks are making news and leaving
customers and employees jumpy. And for IT, concerns about sensitive data
traveling the Internet unencrypted mean valuable e-mail business uses
aren't even being considered. Can anyone throw us a lifeline?
Full
Article...
Seven Rules for Redefining Customer Experience
For years, companies have made significant investments in customer-oriented
initiatives. And the response from customers? Recent market research shows
that only 8 percent of customers describe their experience as "superior,"
and that 59 percent will leave after just a single bad experience.Companies
know they need to take action. Many are re-thinking their approach to
customers by embracing the proven success of relationship management,
which provides a range of sophisticated processes and tools to effectively
shape the customer experience. In taking advantage of these evolving approaches,
newcomers should consider seven fundamental rules.
Full
Article...
Why IT Hates the iPhone
Many IT groups have banned the iPhone from their workplaces, complaining
that there is no way to force employees to protect their iPhones with
passwords and that they can't erase sensitive corporate data from remote
locations if the device is stolen or lost. Additionally, they say the
iPhone doesn't support the software many businesses use and that it only
works on one cellular carrier's network. But keeping the iPhone out of
the office may be a losing battle. As a result, some technology experts
say the iPhone could usher in a change in the way businesses adopt new
technologies.
Full
Article...
Predictably
Irrational: The Hidden Forces That Shape Our Decisions
by Dan Ariely In
a series of illuminating, often surprising experiments, MIT behavioral
economist Dan Ariely refutes the common assumption that we behave in fundamentally
rational ways. Blending everyday experience with groundbreaking research,
Ariely explains how expectations, emotions, social norms, and other invisible,
seemingly illogical forces skew our reasoning abilities.
Not
only do we make astonishingly simple mistakes every day, but we make the
same types of mistakes, Ariely discovers. We consistently overpay, underestimate,
and procrastinate. We fail to understand the profound effects of our emotions
on what we want, and we overvalue what we already own. Yet these misguided
behaviors are neither random nor senseless. They're systematic and predictable
-- making us predictably irrational.
More
Info...
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Check
it out today
Research
Results: 2008 Trends in Customer Relationship Management (CRM)
The
majority of respondents (81%) in CRMindustry.com's "2008 Trends in
Customer Relationship Management (CRM)" survey are happy with the
overall performance of their CRM technology vendor. The research, conducted
in November - December 2007, surveyed high-level CRM executives representing
a range of industries. The data gathered provides valuable insight into
the issues and challenges important to those responsible for CRM in their
organization.
To
get a complimentary copy of the executive summary, as well as view the
graphs, click
here.
White Paper: Using
Web-based Support Tools to Improve Customer Service
This informative white paper examines the
latest trends and technologies in using Web-based support tools to improve
customer service. Get
your copy today!
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