Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Level 3 Communications, Inc.    LVLT

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

Level 3 Communications : 2 Unwritten Customer Experience Rules We Need to Learn

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2017 | 04:14pm CEST

Marketing newsflash

Mining insights from data is a top goal for leading marketers. Says who? The CMO Survey, a biannual survey directed by Christine Moorman, professor at Duke University's Fuqua School of Business. There's a lot of great information in the survey, but let's focus on the section that asks what is perhaps the most critical question in marketing: What do customers want?

Turns out, the list of customers' top priorities is neither long or complex. Here's what ranked as the top five:

  1. Superior quality products
  2. Excellent service
  3. Trusting relationship
  4. A low price
  5. Superior innovation

Customers' Top Priorities

The bottom-line? Make great products and keep doing it better than everyone else. Ensure dealing with you is consistently a good experience. Make sure I know I can rely on you to be trustworthy in all your interactions. Strive to make your industry-and mine-progress and remain competitive. Oh…and make the price right.

But what do customers REALLY want?

Anti-newsflash

There's nothing new in this list. These expectations/requests are the basic buckets of a standard business strategy. So why does an organization like the American Marketing Association bother to ask the questions?

Because businesses forget that this entire list matters. Need proof? Look no further than the latest 'viral' customer experience nightmare. Take your pick - you can find an example just about every day. Just as dismaying as the frequency of these incidents is the fact these stories aren't limited to just one organization or even a single industry, but cross virtually every type of business.

To be fair, the majority of companies involved accept responsibility and take actions to change for the better. We applaud their accountability. But the crux of the matter is this: over and over, examination of these events reveal the employees involved didn't respect their customers as human beings. In each case, employees were more focused on completing corporate tasks than on protecting the basic needs of their customers.

There's a lesson in this for all of us. It's a good time for everyone to assess the written and unwritten guidance we demonstrate and expect employees to embrace. How? It starts with grounding our culture and values in what customers really want. Hint…it's not just low prices.

The unwritten rules

Wait - I started this blog talking about quality, service and price. Now I'm talking about treating customers as humans. What gives?

Well, market growth and advantage come from earning the right to serve customers. And to earn the right to serve customers, we need to abide by two unwritten rules:

1) Recognize and always bear in mind that we are dealing with actual people.

2) Our customers and potential customers expect us to behave like people, too.

Let me add, they expect us to be respectful people.

So, based on these two critical unwritten rules, here's what the Customer's Top Priorities list actually looks like:

  1. Treat me as a human worthy of respect.
  2. Do business and act like you're a human worthy of respect.
  3. Superior quality products
  4. Excellent service
  5. Trusting relationship
  6. A low price
  7. Superior innovation

Customer experience starts with seeing customers as people. I'm not just customer 210843. I'm Christine, flying off to see my mom or visit my customers. I have goals that I'm trying to achieve and I'm relying on-not to mention paying for-your support.

What next?

You probably think you're fine and already focus on the customer. And hopefully you're right. But how well does that mindset manifest and cascade through your company?

If you don't have a Voice-of-the-Customer (VOC) program to listen directly to your customers - you should. VOC programs can pinpoint problems that can be taken care of immediately. They can also help provide more nuanced insights. For instance, whether customers consider you a trusted provider, via likelihood to recommend queries. Verbatim comments are also incredibly powerful. Read what they say and you'll see problem and possible solution patterns emerge.

Invest in programs that reinforce putting a human face on your customers. Train frontline employees to see customers as the people they are.

Also, see employees as the people they are, and work to remove barriers, improve processes and empower them as they serve customers.

The reality is, no one is perfect. But if we fall back on basic principles of offering respect and being accountable, even when the unexpected happens, we're on the road to building trust, a better business and great success.

Level 3 Communications Inc. published this content on 18 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2017 14:13:19 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LEVEL 3 COMMUNICATIONS, IN
05/18 LEVEL 3 COMMUNICATIONS : 2 Unwritten Customer Experience Rules We Need to Learn
05/18 LEVEL 3 COMMUNICATIONS : to Present at the J.P. Morgan 45th Annual Technology, M..
05/17 AT&T : U.S. Patents Awarded to Inventors in New Jersey (May 17)
05/17 LEVEL 3 COMMUNICATIONS : U.S. Patents Awarded to Inventors in Oklahoma (May 17)
05/16 LEVEL 3 COMMUNICATIONS : The Tampa Bay Buccaneers Use Solutions from Level 3 to ..
05/12 ZAYO : Edward Morche joins Zayo as president of sales
05/11 LEVEL 3 COMMUNICATIONS : Recognizes Diversity and Inclusion with Weeklong Celebr..
05/10 U.S. Patents Awarded to Inventors in New Jersey (May 10)
05/10 LEVEL 3 COMMUNICATIONS : RecruitMilitary Recognizes Level 3 as a 2017 Most Valua..
05/09 LEVEL 3 COLOMBIA RECEIVES ISO 9001 : 2008 Quality Certification for its Housing ..
More news
Sector news : Integrated Telecommunications Services - NEC
05/23DJTELEKOM MALAYSIA BERHAD : 1Q Net Profit Down 28.5% at MYR230.43 Million
05/19 European shares claw back gains after worst week in six months
05/18DJALTICE A : EU Accuses Altice of Breaking Rules in Portugal Telecoms Merger
05/18 ALTICE A : vows to challenge EU charges over PT Portugal deal
05/18DJSINGAPORE TELECOMMUNICATIONS : 4Q Net Profit Rises 1.8%
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
05/22 Glazer Capital's Hardware And Technology Arbitrage Quarter
05/19 Level 3 Communications, Inc. 2017 Q1 - Results - Earnings Call Slides
05/16 Top Merger Stocks Held By Fund Managers (Mid-Q2 2017 Edition)
05/15 Corvex adds Facebook, exits Williams to headline Q1 changes
05/10 Top Picks From The Sohn Investment Conference
Advertisement
Financials ($)
Sales 2017 8 269 M
EBIT 2017 1 400 M
Net income 2017 513 M
Debt 2017 8 150 M
Yield 2017 -
P/E ratio 2017 42,45
P/E ratio 2018 34,47
EV / Sales 2017 3,59x
EV / Sales 2018 3,38x
Capitalization 21 564 M
More Financials
Chart LEVEL 3 COMMUNICATIONS, IN
Duration : Period :
Level 3 Communications, In Technical Analysis Chart | LVLT | US52729N3089 | 4-Traders
Full-screen chart
Technical analysis trends LEVEL 3 COMMUNICA...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 62,6 $
Spread / Average Target 4,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
James Oren Ellis Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer
Andrew Dugan Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
LEVEL 3 COMMUNICATIONS..5.87%21 564
VERIZON COMMUNICATIONS..-14.80%185 530
NIPPON TELEGRAPH AND T..6.60%98 689
DEUTSCHE TELEKOM AG10.33%94 895
TELEFONICA SA12.74%56 284
ORANGE SA5.92%46 660
More Results