Consumer Trends Conference: cX: Behind the Smoke & Mirrors_vfinal

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c o n s u m e r i n s i g h t & t r e n d s p o t t i n g c o n f e r e n c e

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t o r o n t o , c a n a d a

c u s t o m e r e x p e r i e n c e :

b e h i n d t h e s m o ke a n d m i r r o r s

“ i f I h a v e s e e n f u r t h e r …

the disclaimer.

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Apr 13, 2023 3

… i t i s because i have stood on the shoulders o f g iants…”

joe pine & kim korn, “authenticity”

& “infinite possibilities”

daniel pink“why right brained

thinkers will rule the future”

reid brownscombe, bmo financial

group

simon sinek “start with why”

roger martin(various works)

sean hayesax dev group

our journey today…

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where are we going today?

Semantics, taxonomies & definitions

What’s changed & why?

What can we do?

Who’s doing it?

w h e r e w e a r e g o i n g , d e p e n d s o n a g r e e i n g w h e r e w e a r e a t .

setting the table.

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(no . no t those 3c ’ s )

the 3c’s of experience

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the new 3c’s

customer clientconsumer

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the customer

the client

the new 3c’s: an example

the consumer

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exper ience i s mu l t i - f ace t .

the 3X’s: pX. sX. clX.

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product experience (pX) is about function & utility is what you do

service experience (sX) is about access & ease of

use is about how you do it

life experience (lX) is about emotion & result is about why you do it

the 3X’s

product

service

life

loyalty

size & share

advocation

Customer don’t care about…

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simon says…

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the formula for cX

product

service

life

what you do. how you do it. why you do it.

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you’re doing ok mom.

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need . wan t . benefi t .

lX & sX

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service experience is: life experience is:

what products & service facilitate

the game trophy

unique

understanding why customers need

products

a journey

about a result

about access to products (24-7)

the ticket to the game

easily replicable

knowledgeable, friendly staff

responsiveness & professionalism

enables a transaction

lX not the same as sX

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need a… benefit is…

a home.

to learn.

transport.

to buy the iPad 3.

to follow a dream.

to retire.

to help my kids go to school.

to travel the world.

mortgage.

school loan.

car loan.

credit card.

small business loan.

RRSP

equities & bonds.

loan.

needs vs. benefi ts: a banking example.

what we believe are experiences. what are really experiences.

t h e g a m e i s n ’ t c h a n g i n g . i t ’ s a l r e a d y c h a n g e d .

the bad news.

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the bad news.

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“What got you to where you

are, may not be enough to get you to where you want to

go.”

warren’s done alr ight. so has marshal l .

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the vendor customer relationship has changed.

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… and can you blame them?

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not so good.

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pretty darn good.

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but social unrest & change existed before sm…

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social technology. authenticity. new economy * .

* J. Pine & J. Gilmore

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Where loyalty & engagement is created….

… about staying when things go wrong…

economic model developmentC

om

mod

itizedC

usto

miz

ed

Transformation

©Joseph Pine II & Kim Korn: Infinite Possibility

Commodities

Products

Services

ExperienceBrand

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the toughest job.. .

… w h a t a re w e g o i n g t o d o a b o u t t h i s ?

great…

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… there is hope.

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people.

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want.

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meaning.

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authentic relationships, are loyal relationships.

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If you are authentic, you don't have to say you're authentic.

If you say you're authentic, you better be authentic.

It is easier to be authentic, if you don't say you're authentic.

axioms of authenticity …

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Where loyalty & engagement is created….

… about staying when things go wrong…

economic model developmentC

om

mod

itizedC

usto

miz

ed

Transformation

©Joseph Pine II & Kim Korn: Infinite Possibility

Commodities

Products

Services

ExperienceBrand

Apr 13, 2023 48

what is the good l i fe?

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it’s o.k.

to say…

no…

to your…

customers.

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the ROI…

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closed ended questions, get closed ended answers…

would you… will you…

un-engaging questions, get unengaged responses… rate us… on scale of 1-10…

kpi’s, metrics & questions

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… but HOW???

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recognize the chal lenge.

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to be d iff erent , you’ve got to do th ings d iff erent ly

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operating & organizational models…

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tradit ional models wil l del iver tradit ional returns

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si los work for storage not experiences

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do you l ike ketchup?

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“If you want your employees to drive loyalty, you’ve got to

give them the wheel…”

(Bryan Pearson, CEO LoyaltyONE)

the way it was the way it is inspire + release diverge + revenue

generate explore + pioneer benchmark yourself

command + control converge + cost cut exploit + optimize benchmark competitors grow customer base

command + control to inspire + release

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johnny, the bagger.

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the experience eco-system

LIFE DESIGN

EXPERIENCE DESIGN

SERVICE DESIGN

PRODUCT DESIGN

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the experience process (as- is)

Why? How? What? Finance.

Marriage Experience

Our customers have a dream. Our customers source the pieces.Our customers figure out how to make it real.

And by this point, the experience has been designed

and financing of it a transaction…

Where the experience occurs.

Where we are

engaged.

Loyalty & Emotion. Transaction & function.

Where decision

are made.

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case study

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a lot of the old tools, aren’t val id anymore

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reptilian brainreactive

fight vs. flight

limbic systememotionslong-term memory

neocortex communication

creativityadaptability

prefrontal lobe

full- spectrum thinking

anticipatory + pro-active

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“Asking people why they choose you over another may provide wonderful evidence of

how they have rationalized the decisions, but it does not shed much light on the true

motivation for the decision. It’s not that people don’t know, it’s that they

have trouble explaining why they do what they do.

Decision- making and the ability to explain those decisions exist in different parts of the

brain.”

~ Simon Sinek, Start With Why.

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LIFE DESIGN

EXPERIENCE DESIGN

SERVICE DESIGN

PRODUCT DESIGN

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i t ’s not about “or’s”

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the experience process (could- be?)

Why? How? What? Finance.

Marriage Experience

And we then provide the finances to pay for the pieces.

And as side, generate business for commercial clients, which requires more financing for

them.

Collaboratively, we source the pieces.

Commercial Client

Db

Segmentation &

Tagging

Marriage Experience Home Experience School Experience Baby ExperienceBusiness Experience Retirement Experience Travel Experience

Channel Interface

Our customers come to us to figure out how.

Our customers have a dream.

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peop le buy exper iences . they buy why. no t what .

Marriage Experience

Home Experience

School Experience

Baby Experience

Business ExperienceRetirement Experience

Travel Experience

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the banking experience as it could be?

Marriage Experience Centre Retirement Experience CentreExperience Theme of the week

Making Money Make Sense Training Centre

Self- Service Centre

Networking Centre

Figuring it all out centre…

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i t ’s not a digital or real experience.

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Multiverse: Time-Space-Matter Variables.

©Joseph Pine II & Kim Korn: Infinite Possibility

(Real-time events) (Material substance)

(Physical places)

(Manipulated time)(Digital substance)

(Virtual places)

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Source: Stan Davis, Future Perfect (Reading, MA: Addison-Wesley, 1987), p. 5. & p. 92

“My intention in this book is to give new

meaning to time, space, and matter

in shaping tomorrow’s business and

organization. In the industrial economy

managers considered time, space, and

matter as constraints, whereas in the

new economy they will come to think of

them as resources. This will require

profound transformations in the way we

think about time, space, and matter.”

No-Matter: “In the new economy, the

value added will come increasingly from

intangibles. . . whose importance does

not lie in their material existence.”

Time-Space-Matter.

Apr 13, 2023 85

Multiverse: Manipulating the Variables.

(Real-time events) (Material substance)

(Physical places)

(Manipulated time)(Digital substance)

(Virtual places)

©Joseph Pine II & Kim Korn: Infinite Possibility

Apr 13, 2023 86

Multiverse: the 8 Dimensions of Experience

Augmented

Virtuality

Warped Reality

Reality

Alternate Reality

Augmented Reality

Physical Virtuality

Virtuality

Mirrored Virtuality

©Joseph Pine II & Kim Korn: Infinite Possibility

Apr 13, 2023 87

multiverse examples

i f y o u t a ke n o t h i n g … t a ke t h i s …

so, in summary…

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where did we go today?

Semantics, taxonomies & definitions

What’s changed & why?

What can we do?

Who’s doing it?

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1.are different “types” of customers & “experiences” require there own engagement model integration with other “types” key

2.loyalty is based on the experience eco-system traditional contract is broken product & service differentiation are no longer

unique get back to basics- be authentic (don’t sell it)

3. cX is not a divisional responsibility breakdown the traditional organizational models provide boundaries, not controls

the takeaways.

c a s e s t u d i e s

so, who’s doing it?

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pike place.

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apple.

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charmin rest room.

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c o n s u m e r i n s i g h t & t r e n d s p o t t i n g c o n f e r e n c e

1 5 - a u g u s t - 2 0 1 2

t o r o n t o , c a n a d a

c u s t o m e r e x p e r i e n c e :

b e h i n d t h e s m o k e a n d m i r r o r s

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