Mon.Apr 11, 2022

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Break-even point | Definition, analysis, and formula

Zendesk

Starting a business can feel a lot like gambling. There’s a significant financial buy-in up top, and you need to take risks if you want to make money. But when you’re down on your luck in gambling or business, the short-term goal may simply be to break even. Break-even points exist across a variety of financial situations. Homeowners, investors, and stockbrokers all understand the line where financial investment meets financial return.

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Where next for CX and the contact centre in 2022?

MyCustomer Experience

WThere’s a direct correlation between excellent customer service and business growth. We’ve seen in the last year how customer expectations. 11th Apr 2022. By Artur Nowakowski Chief Technology Officer.

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5 Top Customer Service Articles of the Week 4-11-2022

Shep Hyken

Each week I read many customer service and customer experience articles from various resources. Here are my top five picks from last week. I have added my comment about each article and would like to hear what you think too. Your Loyalty Program Might Be Losing You Money by Raghuram Iyengar, Young-Hoon Park, and Qi Yu. (Harvard Business Review) In February 2020, Panera Bread announced the Unlimited Sip Club and rocked the coffee world.

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3 Successful Higher Ed Chatbot Use Cases

Comm100

Nearly one half of US respondents disagree that in-person higher education is worth the cost. Combine this opinion with increasing competition from home and abroad, and you don’t paint the most positive picture for higher education. However, it’s certainly not all doom and gloom for universities and colleges. Advancements in technology are providing higher education with effective ways to improve student support across every stage of the student lifecycle, and chatbots are becoming key to this.

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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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The Power of Service Recovery

Service Quality Institute

Everyone screws up. The problem is what you do to keep the customer from defecting. Often “I am sorry” will work. If you have a monopoly “I am sorry” is fine. Most of us have competition and the cost of losing a customer is huge. Very few people know the cost of a defection so if you have a bank, retail store, gym, hair salon, or thousands of other businesses what is the real cost of losing a customer?

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Intelligent Automation is Marching In

DMG Consulting

Intelligent Automation is Marching In. The world has changed rather dramatically during the past year and a half, with a wide variety of activities going virtual. From virtual classrooms to the surge in e-commerce and subscription services (e.g., HelloFresh, Stitch Fix, Harry’s, Peloton, Netflix, etc.), and the exodus from commercial real estate to work-at-home, the effects are evident every day and everywhere.

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Can a surveying solution help us gather employee feedback as well as customer information?

DMG Consulting

Question: Can a surveying solution help us gather employee feedback as well as customer information? Answer: While surveying solutions have traditionally been utilized to collect, analyze and share solicited feedback regarding products, services and brand perception from customers and prospects, these applications can also capture and measure employee satisfaction.

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Effective communication requires plain speaking

MyCustomer Experience

E“Intellectual discussion s between marketing executives using flowery language and drawing diagrams on a white board can be a million miles. 11th Apr 2022. By Nicholas Watkis Principal Consultant.

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Can I Have a Digital Signature on a Power of Attorney?

Lightico

The legality of digital power of attorney is not a straightforward matter. The question of whether a digital signature can be used to sign power of attorney depends on the individual circumstances and state laws. In general, people may prefer power of attorney to be authorized via wet signature, since the document will need to be notarized anyway. But in many cases, a digital power of attorney option does exist and may be more convenient. eSignatures , including typed signatures , are the final

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