How Customer Satisfaction Impacts Financial and Operations Management

Customer Satisfaction Impacts Financial

How Customer Satisfaction Impacts Financial and Operations Management

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Measuring operations and satisfaction in a quantitative manner is key to incorporating customer satisfaction issues into financial management decisions. By integrating customer satisfaction issues and financial management decisions, the operations manager is adding value to the long-term goals and increasing the efficiency of customer relationship management, and, by extension, providing a competitive edge for the company.

Click the link below to watch a video by Jamie Thorpe, Head of Relationship and Commercial at Grass Roots Measurement.

Watch – Introduction to Grassroots Measurement Services

In the video, pay attention to the benefits of using performance measurement techniques, such as mystery shopping and customer satisfaction surveys. Then, in your paper, address the following questions:

• What are some of the quantitative and qualitative performance measurements used to help differentiate the customer experience?
• How can these measurements be used to improve not only operational performance but also financial performance?

Your paper should be 2-3 pages long, citing at least three sources, and should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course as well as providing new thoughts and insights relating directly to this topic.