Business Management

 

Business Management & Client Experience: A Symbiotic Relationship

While business management and client experience (CX) may seem like separate aspects of running a business each with their own distinct priorities, they are intrinsically linked throughout the lifecycle of a business. Business management typically focuses on optimizing processes, resource allocation, and strategic decision-making, while CX centers around delivering outstanding value, satisfaction, and fostering enduring client relationships.

Forming a symbiotic relationship between the two can make or break a company's reputation, growth potential, and profitability. When businesses prioritize client-centric strategies in their management decisions, it invariably leads to enhanced CX. In turn, exceptional client experiences have a direct impact on business management priorities and outcomes.

It's about more than just satisfying clients or efficiently managing operations; it's about forging a holistic approach to business that recognizes the intense interdependence of these two vital aspects that can results in these benefits (and more):

  • Prioritizing CX in business management leads to processes and decisions that anticipate client expectations, boosting satisfaction and providing a competitive edge.

  • Successful alignment between business management and CX fosters a reputation of reliability and trustworthiness.

  • Rapid shifts in client expectations and market trends necessitate an aligned approach, making businesses more agile and responsive.


Strategies for Alignment

Achieving synergy between business management and CX necessitates a multi-faceted approach. We recommend beginning by identifying the pivotal touchpoints where management decisions intersect with the client journey. One key way to handle this is through journey mapping, where the entire customer journey, from initial awareness to post-purchase support is defined and documented.

Management practices don’t necessarily need to be modified for “client-centricity” but rather awareness of the client’s experience. This means not only understanding client needs, but also proactively anticipating them whenever possible with an intentional plan. Conversely, it is very important to understand how your current business management operations can impact the client’s experiences with your firm.

A few other pivotal ways to ensure alignment between business management and CX include:

  • Encouraging cross-collaboration and knowledge sharing between different departments, such as marketing, sales, support, and delivery, to ensure a unified approach.

  • Use data analytics and client feedback to inform your customer journey mapping activities.

  • Establish a structured system to gather and analyze client feedback at critical points in the engagement. Use this information for continuous improvement.

  • Leverage technology solutions that can automate and streamline operations to further enhance service delivery.


Leveraging Technology

Technology is a conduit for streamlined processes and enhanced CX. With advances in artificial intelligence (AI) becoming increasingly more accessible to the general public, it can be an incredible tool to gain even more efficiencies in a much more expansive capacity than ever before. For instance, technology can:

  • Provide clear insights through data analytics about potential consumer and existing client behaviors, needs and wants

  • Enhance personalization with client outreach or ongoing communications (not just including their name, either!)

  • Create cross-functional alignment with client outreach and service delivery through intuitive CRM systems

  • Give your clients 24-7 access to modified support through AI-driven chatbots

These are just a few real-world examples of how businesses can harness the power of technology to create seamless and efficient interactions with clients. Various AI-driven technologies can go even further with respect to operational efficiencies, personalization and automations.

Be cautious of allowing technology to lead your operations rather than the other way around. Adoption for any emerging (or established) technologies significantly improves when the process is supported by technology. Not the case when companies attempt to use a new tool to solve a deeper operational issue.

understand your clients' experience first, then identify processes to optimize and refine, then implement change management throughout organization and then utilize technology to ease the new process

Employee Engagement

Employees are the driving force behind the delivery of exceptional client experiences. Their role extends beyond merely executing tasks; they are ambassadors of your brand's commitment to client satisfaction. Strategies for employee engagement need to be centered around empowerment. Equipping employees with the skills, knowledge, and autonomy to make decisions that prioritize client satisfaction is paramount.

When employees are engaged, they become enthusiastic champions of your mission, creating a ripple effect of positive interactions that resonate with clients. Not only that, but when they are not engaged, it will cost you — quite literally. Gallup’s 2023 State of The Global Workforce estimates that employees who are not engaged or actively disengaged cost $8.8 trillion in lost productivity.

How to solve for this? Bridge the connection between employee experience and client experience.

By aligning the strategic focus on both EX and CX, a symbiotic relationship emerges, bridging gaps, driving innovation and creating a cohesive brand experience that not only retains loyal customers but attracts new ones.

(source: CMSWire)