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Telecommunication
The challenge for all telecommunications companies is choosing where and how to participate in the evolving markets. Projects
Telecommunication
Dialing up customer experience in telecommunications
Not satisfied with small but steady growth and cognizant of an increasingly competitive landscape, the leadership of a European telecommunications provider turned to Consult Plus for support. Given the importance of customer experience as a differentiating factor in the industry, Consult Plus focused on helping the company launch its Net Promoter SystemВ®. In just a few months, with the system in place, the company's scores improved as much as 50 percentage points, helping to boost acquisition and reduce churn.
Despite respectable revenue growth, the leadership team at TelecomCo remained wary of increasing competitive pressures in their market and of internal operational issues related to sales execution and customer service that threatened growth. To help resolve these issues and identify further value creation opportunities, the team asked Consult Plus to review their performance.
Consult Plus and the team at TelecomCo approached their work with an understanding of the importance of customer experience to telecommunications providers. In fact, Consult Plus analysis shows that companies that excel with customer experience grow revenues 4%–8% above their market because a superior experience helps to earn stronger loyalty among customers, turning them into promoters who tend to buy more, stay longer and make recommendations to their friends.
As measured by its Net Promoter Score, TelecomCo lagged behind its competitors in customer experience, and surveys indicated that the company’s network and customer service offerings were particularly weak. A customer experience transformation presented the opportunity to turn these figures around.
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