Implications: In this day and age, standing still is the new falling behind.
This story suggests that companies should constantly be asking (consumers) how they can do even better. And as a collection of service or satisfaction improvements is developed, it might be wise to roll them out incrementally, so that the consumer notices. If you bring a huge collection of improvements to market all at once, it might leave the consumer asking “what have you done for me, lately” just a few months down the road.
Are you innovating to the point where you have something new to offer and talk about frequently… as the customer expects?
Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.
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