How to balance customer satisfaction and profitability
How to balance customer satisfaction and profitability Focus first on customer segmentation Different circumstances require different strategies On the one hand, an entrepreneur would prefer to run a highly profitable business with a low customer satisfaction rate than vice versa. On the other hand, levels of positive customer experience tend to decrease globally, as companies deliver better services and users get accustomed to these new standards almost instantly. I’ve found the core ‘balance’ to be driven by the business owner’s goals....