2.
You have a Developing Stage organization.
What is this going to tell me?
Your digital experience is how the vast majority of your customers perceive their journey with you. In its simplest form, that customer journey is a snapshot of the entire customer experience starting from the customer’s first interaction with your organization and brand and every interaction thereafter. How well are you doing in managing that journey?
What does "Developing Stage" mean?
Based on your results, your business is missing key digital strategies and tactics and could be at risk of decreased revenue, increased cost, and a lack of customer loyalty.
The customer journey must be catered to and nurtured vigilantly. This means a simultaneous focus on touchpoint optimization and the journey at large. And because customers, product offerings, and touchpoints change and evolve, this means you must continually update your understanding of how customers navigate across touchpoints and move through the journey.
Today, your organization seems to have a good foundation, but lacks a framework to effectively link and measure these touchpoints. Without that framework, you are not in a position to iterate. It is these necessary iterations that will lead you to an ever-evolving digital experience and, therefore, improved results in meeting your business goals.
This could lead to the following consequences:
Higher costs of customer acquisition
Lower online and/or offline conversion rates
Lower customer retention rates
Lower CSAT and NPS scores, from a lack of customer and business intelligence
Reduced customer lifetime value, cash flow, and profit
What should I do next?
Your primary focus should be on building a framework that allows you to target your potential customers and experiment with more effective efforts, from acquisition to conversion and through to retention. Start with a process of discovery, diagnosis, and solution design to begin addressing your critical needs. To help get you started, download the free ebook: “A Guidebook for the Considered Purchase Journey”.