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Presenter : Wayne Yang Teacher : Daphne Yuan 2014.6.30

How Engaged Are Your Customers? A commissioned study conducted by Forrester Consulting on behalf of Adobe Systems Incorporated September 2008. Presenter : Wayne Yang Teacher : Daphne Yuan 2014.6.30. Agenda. Background Today’s Customers Want To Be Engaged How Engaged Are Customers?

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Presenter : Wayne Yang Teacher : Daphne Yuan 2014.6.30

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  1. How Engaged Are Your Customers? A commissioned study conducted by Forrester Consulting on behalf of Adobe Systems Incorporated September 2008 Presenter:WayneYang Teacher:Daphne Yuan 2014.6.30

  2. Agenda • Background • Today’s Customers Want To Be Engaged • How Engaged Are Customers? • To Really Understand Engagement, Measure Less • Engagement: What It Means For IT • Conclusion

  3. Background • Today’s customers are harder to win and keep. To meet this challenge, companies are focused on fostering customer engagement: creating deep connections with customers that drive purchase decisions, interaction, and participation over time • In exploring this topic, Forrester Consulting conducted a survey commissioned by Adobe of more than 200 business decision makers at companies around the globe to understand how they measure engagement in their organizations and the technologies they use to support customer engagement.

  4. Today’s Customers Want ToBe Engaged • Customer • A deep emotional connection with the brand • High levels of active participation • A long-term relationship • KeyFactaboutengagement • Engagement activities span channels • Online engagement programs will skyrocket this year • Technology choices focus on making the Web site more engaging • Firms plan to experiment with new forms of technology-enabled participation

  5. Engagement activities span channels

  6. Online engagement programs will skyrocket this year

  7. Technology choices focus on making the Web site more engaging

  8. Firms plan to experiment with new forms of technology-enabled participation

  9. Firms plan to experiment with new forms of technology-enabled participation

  10. Expect Engagement To Drive Higher Loyalty And Sales • more loyal • Buys, renews, or upgrades more products, more often • Recommends the brand to others

  11. How Engaged Are Customers? • Results-10 most popular metrics used to track engagement, three — sales volume, new customer acquisitions, and customer retention • Emotion-metrics such as brand affinity were seen as highly effective measures of engagement among firms that use them • Web site activity-capture levels of customer activity on firms’ Web sites, such as frequency of site visits and logins, average number of pages viewed per visit, and completeness of information submitted by customers in online forms.

  12. How Engaged Are Customers? • Results-10 most popular metrics used to track engagement, three — sales volume, new customer acquisitions, and customer retention • Emotion-metrics such as brand affinity were seen as highly effective measures of engagement among firms that use them • Web site activity-capture levels of customer activity on firms’ Web sites, such as frequency of site visits and logins, average number of pages viewed per visit, and completeness of information submitted by customers in online forms.

  13. How Engaged Are Customers? • Results-10 most popular metrics used to track engagement, three — sales volume, new customer acquisitions, and customer retention • Emotion-metrics such as brand affinity were seen as highly effective measures of engagement among firms that use them • Web site activity-capture levels of customer activity on firms’ Web sites, such as frequency of site visits and logins, average number of pages viewed per visit, and completeness of information submitted by customers in online forms.

  14. How Engaged Are Customers?

  15. How Engaged Are Customers?

  16. Today’s Metrics Map To Forrester’s Customer Engagement Framework

  17. But They Still Don’t Tell The Whole Story • Some engagement data isn’t easy to get. • The data that is available is spread out across the company • Behavior can’t always be tied to a specific customer • There is no universal formula for putting it all together

  18. The data that is available is spread out across the company

  19. To Really Understand Engagement, Measure Less • Identify the ten most important things that engaged customers and prospects do • Define which channels support each form of engagement • Track how many people do any of these activities • Capture frequency metrics in addition to program adoption

  20. To Really Understand Engagement, Measure Less • Measure intimacy using surveys and sentiment tracking • Summarize adoption, frequency, and intimacy metrics in a single dashboard • Generate the engagement dashboard regularly

  21. Engagement: What It Means For IT

  22. Engagement: What It Means For IT • New Route Requires Letting The Community Drive • Content will be monitored, not published • Systems will be sanctioned, not deployed

  23. Engagement: What It Means For IT

  24. Different Navigation Systems Will Be Required • Interactions will be on-going. • The systems won’t need to be in the data center. • New tools for measuring engagement will be required

  25. Conclusion • An empowered customer is an engaged customer. • Engagement must drive business results • IT plays a new and vital role

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