In business relationships have always been what most people come to rely upon, the old cliché of supply and demand will always be there but, who is supplying these days and, who is in demand? Knowingly, or not, the same can be said for personal relations. People build relationships with others that are mutually beneficial, although they are usually emotional connections whereas business decisions should be based on practicality. In business, if you are a provider of products or services, it can be much easier to provide the same thing to everyone instead of trying to provide something different to everyone that walks through your door;
There are challenges
Trying to deliver something unique to each of your consumers like accounting advisory services Cambodia is going to increase your costs and take far too long to implement; it probably makes no business sense. However, delivering something unique to each consumer is the future of customer experience; that is what people want; people prefer to feel in control and have options.
Why? Simply because people want something different, and now that the Internet has grown in popularity, they can have it. Customers expect personalised products and experiences when they want them, business is no longer the same as it once was, the customer really is king!
Something generically personalized?
In most cases, a company’s goal is to serve and scale its client operations, with a focus on standardizing processes and enhancing efficiency. Most firms nowadays are built to scale easily, seeking to push large numbers of clients through as efficient operations as possible. Any change can cause a disruption in the business, therefore the system in place must be smooth and capable of responding swiftly. The goal is to generate a profit while consuming as little of the company’s time and resources as possible.
The problem is that consumers are individuals, and they want their specific needs satisfied. If a business is established to handle demand, and the company relies on operational efficiencies to manage those expectations, the experience feels impersonal and mechanical, a little like AI. Unfortunately, when it comes to creating relationships, impersonal and mechanical client experiences don’t really fall into the same bracket.
Doing the opposite of what you know
In order to be successful today, brands must engage in their customer experiences even when they don’t want to. Companies now must figure out how to offer personalised, customised experiences, despite the fact that everything they’ve been taught about business teaches them otherwise. Usually business classes teach operating effectiveness – how and where to manage demand so that as many clients as possible pass through their doors with as little effort as feasible.
To produce more customised, personalised experiences, the organisation must first speak with its customer-facing workers. What are customers requesting that isn’t on the menu? What is the most common feedback received through the contact centre? There is a wealth of feedback available on social media and at the contact centre. Is your executive team trained in a contact centre, as several of the world’s largest corporations require executives to spend a bit of time a year on the phone?
Don’t just stay afloat, lead
Companies that do not provide individualised experiences risk being disrupted. Simply because their most important stakeholders will go soon for the personal experiences they seek in a partnership. Companies would have more time to be systematic if they just slowed down. Creating personalised, personalised experiences can be accelerated by technology such as machine learning, but not everyone has access to it right now. Personalisation is still in its early stages.
Most businesses have yet to master personalisation. What we do have access to is the capacity to develop policies that allow for variety and take into consideration client preferences, dislikes, and tastes. To learn how to develop more tailored consumer experiences, large corporations can establish innovation hubs or even partner with start-ups. Try doing the polar opposite of what the rest of the business world does and watch what happens; you may well be surprised.