For those of you familiar with our work you will know that we successfully validated the link between a customer centric culture and new product success. Our chart below shows the links between our 8 dimensions of a customer centric culture and the key business performance outcomes.
Essentially organizations that develop a cultural focus that is obsessed with customers, outperform everyone else in the markets in which they play.
I just came across a great example of how this can work in reverse for a company that has not developed a customer culture – Comcast Cable.
Comcast recently announced a major new product – they are now a cell phone provider in the US market:
Here is the reaction I found in some comments people who saw this announcement on LinkedIn (the majority of the comments were along the same line….):
This is of course only anecdotal evidence, however, it is going to make it tough to make this product launch a success with an undercurrent of negative feelings towards the experiences many customers have had with the brand in the past….
How you treat your current customers today will have a massive impact on how they will respond to new product introductions in the future.
Build your company’s customer culture today to ensure you continue to be successful in the future. Learn more in the Customer Culture Imperative, our award winning book.