057: Customer Loyalty Trumps Industry Disruption

While it may be fun to be a disrupter, it’s not so fun to be the disruptee. What happens to organizations that have their entire industry shaken up? What can these businesses do to prepare for and respond to disruption? Jeannie and Adam tackle industry disruption, customer experience, and loyalty. We've Got a Remedy for That Having a happy, loyal, dedicated customer base is one of the best remedies to industry disruption. While customer loyalty alone won’t save a brand from sinking, coupling it with infrastructure and technological improvements may, and this strategy is better in the long term than seeking legislation to hold onto your once glory days (we’re looking at you, cable). Your competitors are setting customer expectations in your industry. If your business can’t deliver on the newly-formed expectations stemming from innovation in the industry, you will find customers increasingly more likely to defect. If your industry is being disrupted there are many things customers do to keep competitive advantage, but cultivating customer loyalty is the strategy that lasts. So how can you implement customer loyalty strategies to protect your business from industry disruption? Related Content Uber vs. Lyft vs. Taxis, referred to in the episodeIn The Age of Disruption, Customer Love Is More Important Than EverHow Customer Service Can Save Cable Sponsor Message Capability & Performance (SCP) Standards establish the Global Benchmark for Service Excellence. Developed by Service Strategies, in cooperation with approximately 50 leading service and support organizations from around the world, the Service Capability & Performance Standards have enhanced the capabilities and performance of service and support operations worldwide since 1998. Join Service Strategies for an informative Customer Success Workshop in San Diego on October 27th. The workshop is part of the Service Industry Summit event, which brings together leaders from companies like Cisco, Dell and others to discuss the challenges of a changing service landscape. Visit servicestrategies.com to learn more.   Take care of yourself and take care of your customers. Learn more about your ad choices. Visit megaphone.fm/adchoices