Glossary

Customer Experience

Customer experience is how customers perceive their interactions with a company.

All glossaries

Evaluation Metrics

Average Handle Time (AHT) refers to the average duration it takes for a customer service representative to handle a customer interaction, from the beginning to the end. It includes talk time, hold time, and any after-call work. AHT is a crucial metric for measuring efficiency and productivity in customer service operations.

Understanding the Customer

Behavioral Analysis is a systematic approach that examines human behavior, actions, and interactions to understand motives, patterns, and predict future actions. It involves the study of various factors impacting behavior, aiding in crime investigation, psychological profiling, and identifying behavioral patterns in individuals and groups.

Understanding the Customer

Buyer's Journey refers to the process a consumer goes through from the initial awareness of a product or service to the final purchase decision. It typically includes stages like awareness, consideration, and decision-making, helping businesses understand and cater to customer needs at each step.

Evaluation Metrics

Churn Rate refers to the percentage of customers or subscribers who discontinue using a product or service within a given period. It helps businesses measure customer retention and identify areas for improvement to reduce churn and increase customer loyalty.

Customer Value and Acquisition

Customer acquisition refers to the process and strategies employed by businesses to attract and gain new customers. It involves various tactics such as marketing campaigns, advertising, referrals, and lead generation to expand the customer base and increase revenue.

Strategies and Techniques

Customer Centricity refers to a business approach that prioritizes the needs, preferences, and satisfaction of customers. It focuses on delivering exceptional customer experiences, understanding their requirements, and tailoring products or services accordingly to build long-term relationships and drive business growth.

Customer Satisfaction and Success

Customer Effort Score (CES) is a metric used to measure the ease of a customer's experience with a product or service. It quantifies the amount of effort a customer has to put in to resolve an issue or achieve a desired outcome, helping businesses identify areas for improvement and enhance customer satisfaction.

Understanding the Customer

Customer empathy refers to the ability of a business or individual to understand and relate to the emotions, needs, and experiences of their customers. It involves actively listening, showing compassion, and taking appropriate actions to meet customer expectations.

Customer Satisfaction and Success

Customer Experience Score is a metric used to assess customer satisfaction and loyalty. It measures the overall experience a customer has with a product, service, or brand and helps companies improve their offerings based on customer feedback.

Strategies and Techniques

Customer Experience Strategy refers to a plan or approach adopted by businesses to enhance and optimize the overall customer experience. It involves designing and implementing strategies to meet customer expectations and create positive interactions to foster loyalty, satisfaction, and business growth.

Understanding the Customer

Customer journey refers to the complete experience and interactions a customer has with a company, from initial awareness to post-purchase. It includes all touchpoints, emotions, and decisions made throughout the process, shaping the overall perception of the business.

Strategies and Techniques

Customer Journey Mapping is a process of visualizing and understanding the various touchpoints a customer experiences while interacting with a business. It helps businesses identify pain points and opportunities for improvement to enhance the overall customer experience.

Customer Value and Acquisition

Customer Lifetime Value (CLV) is a metric that calculates the total worth of a customer to a business over their entire relationship. It helps businesses understand the long-term profitability of their customer base and make informed decisions regarding customer acquisition, retention, and marketing strategies.

Customer Value and Acquisition

Customer retention refers to the strategies and actions taken by businesses to retain existing customers and encourage them to continue making purchases. It involves building strong relationships, offering exceptional experiences, and providing value, ultimately leading to increased loyalty and repeat business.

Understanding the Customer

Customer segmentation is the practice of dividing a customer base into distinct groups based on similar characteristics, behaviors, and needs. It helps businesses tailor their marketing strategies to effectively target and serve different customer segments, enhancing customer satisfaction and driving profitability.

Customer Satisfaction and Success

Customer service refers to the support and assistance provided by a company to its customers. It involves addressing inquiries, resolving issues, and ensuring customer satisfaction, aiming to build strong relationships and enhance the overall experience.

Customer Satisfaction and Success

Customer support refers to the assistance provided by a company to its customers before, during, and after a purchase. It aims to resolve queries, address concerns, and ensure customer satisfaction through various channels such as phone, email, chat, or social media.

Strategies and Techniques

Design thinking is a problem-solving approach that emphasizes empathy, collaboration, and iteration. It involves understanding user needs, redefining problems, and exploring creative solutions through prototyping and testing.

Strategies and Techniques

Emotional Connection refers to a deep bond or attachment formed between individuals, characterized by shared feelings, understanding, and empathy. It involves a strong emotional resonance that can enhance relationships and foster a sense of belonging and intimacy.

Evaluation Metrics

First Call Resolution refers to the ability of a customer support team to resolve a customer's issue or query during their initial contact. It aims to minimize the need for further interactions, enhancing customer satisfaction and reducing costs for the company.

Customer Value and Acquisition

Market differentiation refers to the process by which a company distinguishes its products or services from competitors' offerings. It involves creating unique features or positioning strategies to attract target customers and gain a competitive advantage in the market.

Strategies and Techniques

Omnichannel marketing is a strategy that integrates multiple communication channels to deliver a seamless and consistent customer experience across various touchpoints, both online and offline. It aims to create a unified brand message and provide customers with a cohesive journey throughout their interactions with a business.

Evaluation Metrics

Return on Investment (ROI) is a financial metric used to evaluate the profitability of an investment. It measures the gain or loss generated relative to the cost of the investment, providing insights into its efficiency and potential returns.

Understanding the Customer

Target audience refers to the specific group of individuals or customers that a product, service, or message is intended for. It involves identifying and understanding the demographics, interests, needs, and preferences of these individuals in order to effectively tailor marketing strategies and communication efforts towards them.

Understanding the Customer

User Experience (UX) refers to the overall experience a person has while interacting with a product or service. It focuses on enhancing usability, accessibility, and satisfaction by considering user needs, preferences, and expectations.

Understanding the Customer

A user persona refers to a fictional representation of a target user group, created to understand their characteristics, needs, and behaviors in order to design effective products or services that cater to their specific requirements.

Customer Value and Acquisition

A value proposition refers to the unique benefit or advantage that a product, service, or business offers to its customers, setting it apart from competitors and creating value for the target audience.

Customer Satisfaction and Success

Voice of the Customer (VoC) refers to the process of collecting and analyzing feedback, opinions, and expectations of customers to understand their needs and preferences. It helps businesses improve products, services, and customer experiences by incorporating valuable insights from their target audience.