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Customer Satisfaction and Business Success

Ashley Herrera Southern New Hampshire University QSO-321 December 8, 2021 Adding Customer Value Customers and their experiences can have a major impact on a business. Not only do they buy a businesses product or services, if they enjoyed their experience, they will recommend your business to their friends and become loyal customers. Businesses that focus on their customer satisfaction will reap the rewards in revenue and reputation. Customer satisfaction can make your business stronger and build loyal customers. Initiative #1 My initiatives might not be the biggest, most eccentric ones, but they will make a huge impact within NationaliTeas. My first initiative is to consider customers opinions and perspectives Customer's opinions matter when it comes to successfully running a business. Customer Value The added value that my suggested initiative brings to the customers is that it makes the customers feel like they are being heard when they express their opinions or concerns. They get the sense of comfort that the company looks forward to hearing their feedback on their products and services. Considering customers opinions and perspectives can also build trust between the customer and the business. Business Value The added value that my suggested initiative brings to the business is that NationaliTeas will create strong relations with their customers and they will get loyal customers. Considering the customers opinions and perspectives will make the customers want to recommend the companies products and services to their friends and family. That will give NationaliTeas an outstanding reputation and could lead to a higher revenue. Potential Resources The best part about my suggested initiative is that you will not need to outsource and abundance of materials, or spend a ton of money. This initiative is based on building better customer service Your employees will just need to ask about the customers experience, or get a suggestion box for the customers to fill out. Monitoring and Evaluation If NationaliTeas were to implement my suggested initiative, they would need to have a designated employee or team to read over the customers opinions or perspectives and try to implement changes based on those reviews. The team or employee could read through the suggestions either once a week or bi-weekly in order to stay on top of them. The team would essentially be the people monitoring how the suggestions have impacted the company, and what they can do to solve some issues or concerns that the customer has. Initiative #2 The second initiative that I am going to suggest is to offer product guarantees. This initiative could improve quality of products and services offered and create a wider customer base. Customer Value The added value that my suggested initiative will give to customers is that they will be shopping with a sense of security knowing that they are purchasing good quality items, and if they are bad they will get a refund on the product or service Business Value The added value that my suggested initiative will bring in to the business is that they will