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CX NYC 2018 Anjali Lai The Barometer Of Customer Change Readiness

The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

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Page 1: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

CX NYC 2018

Anjali Lai

The Barometer Of Customer Change Readiness

Page 2: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

2© 2018 Forrester Research, Inc. Reproduction Prohibited

“…Take the dough of existing sentiment

– the world as it is – and knead it into

forms that lead people to think and act

in certain ways.”

Page 3: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

3© 2018 Forrester Research, Inc. Reproduction Prohibited

Page 4: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Photo: Pexels.com

Page 5: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

5© 2018 Forrester Research, Inc. Reproduction Prohibited

What are the immediate

emotional effects of an

experience

What are the immediate

emotional effects of an

experience – and how do you

say the right thing to influence

consumers in the right moment?

Page 6: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Stated Behavior

Page 7: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Source: https://www.economist.com/blogs/graphicdetail/2016/07/daily-chart

Page 8: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Source: https://www.economist.com/blogs/graphicdetail/2016/07/daily-chart

Page 9: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Consumer Sentiment

Page 10: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

10© 2016 Forrester Research, Inc. Reproduction Prohibited 10© 2016 Forrester Research, Inc. Reproduction Prohibited

Source: Puerto Vallarta News

Page 11: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

11© 2018 Forrester Research, Inc. Reproduction Prohibited

Source: Forrester’s ConsumerVoices Market Research Online Community, Q4 2016

“It was long and rough but the

crew was terrific – they were

super friendly and cracking

jokes as we sat on the tarmac

in high winds. We finally got

off only five hours late!”

Page 12: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

12© 2018 Forrester Research, Inc. Reproduction Prohibited

Photo Source: W Magazine

Source: Forrester Analysis of Crimson Hexagon

Social Listening Data, Q4 2017

December 2017

Page 13: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Source: FitBit’s Earnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

$0

$100

$200

$300

$400

$500

$600

$700

$800

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016

FitBit Revenue ($M) FitBit Net Sentiment

FitBit Wearables: Revenue and Net Sentiment

Page 14: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Photo: Pexels.com

Page 15: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Dominant Voices

Page 16: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

16© 2016 Forrester Research, Inc. Reproduction Prohibited 16© 2016 Forrester Research, Inc. Reproduction Prohibited

Source: Vox

Page 17: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

17© 2016 Forrester Research, Inc. Reproduction Prohibited 17© 2016 Forrester Research, Inc. Reproduction Prohibited

Photo by Manki Kim on Unsplash

Page 18: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Isolation versus Identity

Page 19: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Comfort versus Novelty

Page 20: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Powerlessness versus Efficacy

Page 21: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Distrust versus Trust

Page 22: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

22© 2018 Forrester Research, Inc. Reproduction Prohibited

Forrester’s Consumer Energy Index

Isolation Identity

Comfort Novelty

Powerlessness Efficacy

Distrust Trust

Page 23: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

23© 2018 Forrester Research, Inc. Reproduction Prohibited

2. How to resonate with consumers

in the moment and draw them

into your brand experience.

1. The most important changes

in consumer attitude that

impact their desire to engage

with brands.

Page 24: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

24© 2016 Forrester Research, Inc. Reproduction Prohibited 24© 2016 Forrester Research, Inc. Reproduction Prohibited

Source: pixabay.com

Page 25: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

25© 2018 Forrester Research, Inc. Reproduction Prohibited

Total US March 1, 2018

Base: 1,076 US Online Adults

Source: Forrester Data, Q1 2018

Identity

46

Novelty

63

Efficacy

68

Trust

42

Overall Score: 54

Isolation

Comfort

Powerlessness

Distrust

Page 26: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

26© 2018 Forrester Research, Inc. Reproduction Prohibited

Total US

Base: 1,076 US Online Adults

Source: Forrester Data, Q1 2018

Identity

46

Novelty

63

Efficacy

68

Trust

42

Overall Score: 54

Isolation

Comfort

Powerlessness

Distrust

Page 27: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

27© 2018 Forrester Research, Inc. Reproduction Prohibited

Total US After Facebook News April 3, 2018

Base: 501 US Online Adults

Source: Forrester Data, Q1 2018

Identity

43

Novelty

50

Efficacy

41

Trust

36

Overall Score: 44

Isolation

Comfort

Powerlessness

Distrust

Page 28: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Base: 501 US Online Adults

Source: Forrester Data, Q1 2018

“Facebook will positively impact my quality of life.”

March 1, 2018

35%

Page 29: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Base: 501 US Online Adults

Source: Forrester Data, Q1 2018

“Facebook will positively impact my quality of life.”

April 3, 2018

10%

Page 30: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

30© 2018 Forrester Research, Inc. Reproduction Prohibited

Base: 501 US Online Adults

Source: Forrester Data, Q1 2018

30%

Page 31: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Page 32: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

“AI-enabled experiences will positively impact my quality of life.”

March 1, 2018

33%

Base: 501 US Online Adults

Source: Forrester Data, Q1 2018

Page 33: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

“AI-enabled experiences will positively impact my quality of life.”

April 3, 2018

22%

Base: 501 US Online Adults

Source: Forrester Data, Q1 2018

Page 34: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

34© 2018 Forrester Research, Inc. Reproduction Prohibited

What It Means (WIM)

› Measure how attitudinal drivers shift in context to

diagnose consumers’ volatile emotional state.

› Identify which consumers are emotionally withdrawing

from brand experiences – and are less compelled

to engage.

› Tailor messaging that fits how people are feeling

along the four drivers to draw consumers into your

brand (or digital) experience.

Page 35: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

35© 2018 Forrester Research, Inc. Reproduction Prohibited

Page 36: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

© 2018 Forrester Research, Inc. Reproduction Prohibited

Page 37: The Barometer Of Customer Change Readiness...Source: FitBit’sEarnings Reports; Forrester’s Analysis of NetBase Aggregated Social Listening Data, 2015 to 2017 0% 10% 20% 30% 40%

Thank youAnjali Lai

+ 212.857.0711

[email protected]