Customer Care Measurement & Consulting (CCMC) – in collaboration with the Center for Services Leadership at the W.P. Carey School of Business at Arizona State University and Kraft Heinz, brings you the release of key findings and implications from the 2020 National Customer Rage study.
The independent 2020 National Customer Rage study, the ninth study wave since the original such study conducted for the White House in 1976, offers a clear comparison of customer satisfaction with corporate customer care efforts across decades, and it shows that corporate America is risking a striking $494 billion in revenue by doing things the wrong way when it comes to customer care.
Read the recent article from the Wall Street Journal at this link.
Where do companies go wrong dealing with customer dissatisfaction? A detailed report from the CCMC is available for download at the link below:
Some background: In the 1970s, the first inception of the study found that dissatisfied complainants were more brand loyal than non-complainants and, as a result, American companies invested heavily in soliciting customer complaints. However, the 2020 Customer Rage study shows that today’s dissatisfied complainants are 22 percentage points less brand loyal than non-complainants. Brand loyalty increases only if complaints are satisfactorily resolved. Given that most complainants are less than satisfied, corporate America is engaging in customer care programs that might actually lose them customers.
Social media has emerged as a lead actor in the customer experience drama. Here are some statistics:
55% – the percentage expecting a company response to a complaint posted on social media
49% – never get a response to their social media complaint
14% – post their complaint at least once on social media
16X – the average number of times a social media user posts a product/service experience on social media annually
48% – use social media as a source of information during a year before buying products or services
865 – the average number of friends, followers and contacts across social media
Video commentaries on the study are below:
For further insights into the study and for inquiries, you can contact Customer Care Measurement and Consulting at this link.