Categories
Service design

A credit card that doesn’t want you paying excess interest?

20130611-201228.jpg

OK so this might start sounding like an advertorial real quick. I organised a 28 Degrees Master Card to use as my travel money card after reading Choice Magazine’s 2012 awards. Seems like they want to retain that customer mantle. My last email from them included a message that they will illuminate the consequences of only paying minimal monthly repayments on credit card balances.

Having conducted and worked with a lot of customer research and data for financial services providers all I can say is this definitely serves a need and banks should take note of product design like this.

Categories
Events Service design

The evolution of CX

The first Australian CXPA meet-up in Sydney (16/4/2013) was a breakfast session at Atlassian HQ with Cyrus Allen of Strativity as the MC. The special guest via a Google Hangout was CXPA and Temkin Group founder Bruce Temkin. He is also the creator of Forrester’s Customer Experience Index and Voice of Customer Award.

Bruce Temkin beaming in via a Google Hangout
Bruce Temkin beaming in via a Google Hangout

 

What Bruce saw from his side via this tweet

Coming at this space from an Experience Design background as I do, I was most interested in what Bruce Temkin had to say about the ‘evolution of cx management’. He presented the following chronological model:

CX intrigue 2005 -2009

  • Organisations have applications, infrastructure in place.
  • CRMs don’t deliver anticipated value.

CX exuberance 2008 – 2013

  • The term CX gets ’slapped’ on top of titles.
  • 60% of companies think they will be customer experience leaders in 3 years (the maturity model indicates this is a much longer journey)
  • Shows that ambitions are emerging, but that organisations are not realistic about the implications.

CX professionalism 2011 -2015

  • People are starting to have clear practices and procedures around customer experience
  • A set of consistent practices is being collectively pushed into the community (via the CXPA of course 😉
  • VOC programs, journey mapping become standard process.
  • Close loop systems are in place to re-contact customers and learn.

CX Mastery 2014 +

  • Real time customer satisfaction analytics are able to project NPS, customer trends and other metrics.
  • Employee engagement becomes increasingly important as the connection between staff and the ability to drive sustainable customer experience is acknowledged.
  • The human resource sector becomes committed to employee engagement.

Temkin’s rally cry to the community was to practise a core set of repeatable processes and procedures; for the differences in practise that have existed to date to become standardised if the ‘era of CX’ is to continue. In support of this vision the CXPA is developing a vendor neutral certification program they hope will be recognised as a legitimate professional standard globally.

I should mention the format of the breakfast. The talk was followed by a Q&A and group discussion. It was valuable gaining insight into so many organisations so quickly and hearing about the various surveys, processes and incentives in place. I have a whole page of notes but if your are intrigued, you may just have to come along to the next event.

If you want to read more of Bruce Temkin’s work check out his blog Customer Experience Matters.