Customer Satisfaction = Experience / Expectations
Explanation of the formula...if someone goes to Burger King and orders a burger they might expect that burger to be a 2 - out of a 5 point rating system. Burger King, like many franchises, are great at maintaining consistency. So, when you eat this burger it is no surprise that it is a 2 out of 5. Not a great burger perhaps but it is what you expected. So, your Experience (2) divided by your expectations (2) would result in 100% customer satisfaction.....you got just what you expected so you are satisfied.
Now, lets say next week you go to Hennessey's Tavern for a burger (check them out...they do have great burgers...http://www.hennesseystavern.com/laguna_beach.html). You love the burger's there and you expect this to be a 5 of 5 burger experience. The burger comes, and much to your surprise, you could only rate the burger as a 4 out of 5. This means your satisfaction is 4/5 or 80% of what you expected. You are not wholly satisfied.
Even though your rating of the Hennessey's burger, 4 out of 5, is twice as high as the Burger King burger, 2 out of 5, your satisfaction level is 20% lower.
Lesson: when a customer's experience is in line with their expectations they will be 100% satisfied.
On that note this blog is established. Readers can expect this blog to share ideas and observations related to business excellence. The intent is to provide business people with a source for inspiration, motivation and education. Please read, respond and pass it on. Hopefully your experience will always be in line with your expectations.
No comments:
Post a Comment