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There are 2 modules in this course
With growing age, income, and ethnic diversity, customer expectations are also becoming more diverse. Therefore, it is becoming difficult to satisfy all customers with growing but divergent expectations. This course, taught by Professor Jagdish Sheth, 2020 Padma Bhushan Award winner for Literature and Education, suggests shaping customer expectations is as, if not more, important than exceeding customer expectations. There are three strategies to manage customer expectations: abandon the customer, accommodate the customer, and adjust customer expectations. Since not all customers are profitable, one must link managing customer expectations with profitability outcomes.
Customer expectations are increasingly divergent. Therefore, companies must learn how to manage diverging expectations in addition to exceeding customer expectations. We are very selective with recruiting employees and we need to similarly be selective when choosing customers. Customer selectivity is very key for managing customer expectations and we need to learn to “fire” customers. For instance, airlines have banned unruly customers.
How to Manage Diverging Customer Expectations (parts 3 and 4)
Module 2•4 hours to complete
Module details
This module suggests how human resource practices and employee selection and retention can be an effective analog for customer selection and customer retention. Employee selectivity, career development, promotion, and retirement are useful to apply to customer selectivity, customer lifetime value, customer promotion, and customer retirement.
What's included
21 videos1 reading2 assignments1 peer review
Show info about module content
21 videos•Total 60 minutes
How to Manage Diverging Customer Expectations 21•3 minutes
How to Manage Diverging Customer Expectations 22•1 minute
How to Manage Diverging Customer Expectations 23•4 minutes
How to Manage Diverging Customer Expectations 24•2 minutes
How to Manage Diverging Customer Expectations 25•3 minutes
How to Manage Diverging Customer Expectations 26•2 minutes
How to Manage Diverging Customer Expectations 27•3 minutes
How to Manage Diverging Customer Expectations 28•2 minutes
How to Manage Diverging Customer Expectations 29•3 minutes
How to Manage Diverging Customer Expectations 30•3 minutes
How to Manage Diverging Customer Expectations 31•2 minutes
How to Manage Diverging Customer Expectations 32•3 minutes
How to Manage Diverging Customer Expectations 33•3 minutes
How to Manage Diverging Customer Expectations 34•4 minutes
How to Manage Diverging Customer Expectations 35•3 minutes
How to Manage Diverging Customer Expectations 36•4 minutes
How to Manage Diverging Customer Expectations 37•3 minutes
How to Manage Diverging Customer Expectations 38•3 minutes
How to Manage Diverging Customer Expectations 39•4 minutes
How to Manage Diverging Customer Expectations 40•2 minutes
How to Manage Diverging Customer Expectations 41•4 minutes
1 reading•Total 30 minutes
A Framework for Managing Customer Expectations•30 minutes
2 assignments•Total 60 minutes
Module 2 Summative Quiz•30 minutes
Module 2 Practice Quiz•30 minutes
1 peer review•Total 90 minutes
Submit Your Project Here•90 minutes
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