Customer, what do you think?
Companies would like to know exactly what their customers want and expect. That’s why they collect data and use it to formulate hypotheses about their purchasing behavior. It would be easier to simply ask customers directly what makes them tick, according to researchers at the ISG Institute in St. Gallen.
Values are relative
Oliver Fiechter and Holger Haedrich from the ISG Institute St. Gallen can find out for companies what their customers value and what they are willing to spend money on. The two scientists have developed an online tool that makes it possible to measure and visualize the subjective values of individual customers. The survey tool that Fiechter and Haedrich use for their research was presented last week by Holger Haedrich, Head of Application Development at the ISG Institute, at the invitation of Ogilvy & Mather in Zurich. "If you want to understand your customers, you have to see them as individuals and not as sales drivers," emphasized Haedrich. "And you have to be able to measure the actual benefit of your products or services for your customers." What sounds complex and difficult is relatively straightforward with the ISG tool. This is because the survey and evaluation are carried out online, ideally with existing customers.
> ISG tool
And this is how it works: the customer logs into the survey and - surprise - is asked questions. For example, they have to decide what is more important to them: the service offered by the company or the characteristics of the product, the support provided by the supplier or the supplier's image, the support provided by the supplier or the characteristics of the product. Weighing up the factors against each other provides the evaluators with information about the customer's hierarchy of values. The respondent can also make statements on the price of the products and on competitor companies. "The nature of our survey leads to very precise results," emphasizes Haedrich. "The survey is conducted online, so there is no influence from interviewers. We also use visual elements such as sliders to measure emotions and can incorporate media, images and films into the survey."
Tool is adaptable
The evaluation options are also varied: for example, the company can view individual customer profiles, which show consumers' praise and criticism in detail. The company can also display overview charts on overall customer satisfaction, loyalty, commitment, involvement or competitive strength. It is also possible to link data from different sources, for example combining customer opinions with financial values and knowledge from the sales department. The online tool is adapted to the company's individual requirements. "Our tool could also be used to check the satisfaction of employees or shareholders," adds Holger Haedrich. It's all a question of programming.
Satisfaction is everything
Sounds good, except for the eternal sticking point: who takes part in the surveys? "B2B customers are usually very willing to answer the questions if a company asks them to," reports Haedrich. "After all, they know that it benefits them if a company wants to improve their satisfaction. By and large, this also applies to existing private customers." However, anyone who wants to use the online tool to collect information about potential new customers is likely to find it just as difficult to acquire participants as if they were conducting a written or telephone survey. At best, the small scope of the survey (or a prize) could encourage Internet surfers to give their opinion to a third-party company.
When developing the survey tool, Haedrich also thought more about existing customers: "Exploiting the potential of existing customers and maintaining customer relationships is more beneficial than constantly tapping into new segments," he says. "In addition, companies can also use our online tool to identify market niches or new segments among their existing customers." A survey of 2,000 existing customers costs around CHF 50,000 excluding development costs.
Anne-Friederike Wilhelm





















