The utmost goal of any business irrespective of the industry is to serve the customers in a manner that contributes positively to the betterment of their lives. It’s the reason why businesses invest millions of dollars in research just enure their products and services meet the exact needs of their customers. Failing to mind your customers is a sure ticket to failure. Hence, the reason to rethink how business approach customer focus.
There are a couple of organizations that have demonstrated admirable efforts to improve customer focus and these have paid off.
Such an example is Netflix. After delivering nearly one billion DVDs into customers’ mailboxes in 2007, Netlfix learned that their customers wanted something more inexpensive, easily accessible entertainment that does not restrict when and where you could watch it.
As such, Netflix recognized the need to be more customer-focused irrespective of whether it’s going to disrupt its business model for years.
The switch to video streaming spiraled Netlfix’s popularity and revolutionized how we consume television and movies. In fact, rival DVD rental business competition couldn’t match the competition posed by Netflix.
Today, it’s imperative to have a razor-sharp customer focus to survive the competition, with the ever-changing customer expectations and general market competition.