Thursday, August 11, 2011

The Freezing Point of a Customer Iceberg

A Customer Iceberg as explained by Avinash Narula, the man credited with this concept, is simply put; every dissatisfied customer who in time turns into a Customer Iceberg. The more unhappy he is, the more dangerous a Customer Iceberg he turns into.

The concept though simplistic is very relevant to companies at many levels. Dissatisfied customers become even bigger icebergs when they are ill treated continuously. Customers are way more vocal of their concerns these days with innumerable avenues to express their disgust with companies available. Social media has become the favorite melting pot for many Customer Icebergs. They seem to find haven on these outlets and companies have to dedicate resources to tackle them at this stage. But to do this, companies need to thoroughly understand the threats posed by this phenomenon.

Like an iceberg, only the tip of the Customer Iceberg is visible to a company at times and therefore they react with very little decisiveness. The hidden part of the iceberg is where the danger lies as companies ignore the damaging abilities of these Customer Icebergs until they get hit head on by it. If companies can dedicate resources and time to discover threats before they run into them, they can immunize themselves from mass attacks from unhappy customers.

Working this concept to your advantage is what every company should aim at. Breaking down customers into various sizes of Customer Icebergs and laying out plans to tackle them should be top of mind for every company. Customer Icebergs are not a phenomenon new to companies but at the same time it also is something companies have shown great incompetence in managing. So can this concept be a tipping point for customer service in companies or drown like so many other ideas bandied around?

This is what we think, what do you think?

No comments:

Post a Comment