Sunny Bindra's 'The X in CX' Highlights Customer Experience's Pivotal Role in Business Success
Sunny Bindra, a renowned business reporter and CEO advisor, has published 'The X in CX', a book that underscores the critical role of customer experience (CX) in business success. Bindra argues that customers are the lifeblood of a company, bringing in revenue daily, and that their experiences significantly impact their loyalty and spending.
Bindra's book categorizes customer feelings into '10 Customer Buttons', with price being just one dimension. It emphasizes the need for CEOs and boards to drive CX success from the top, ensuring they understand customer journeys and discuss customer issues at the board level. A Qualtrics study backs this up, finding that 50% of consumers reduced or stopped spending with a brand after a poor customer experience.
Bindra meets with company leaders to discuss customer centricity and growth strategies, often recommending 'The X in CX'. He encourages readers to apply its lessons to provide exceptional customer experiences. He also highlights that CX Key Performance Indicators (KPIs) are predictive or leading indicators, unlike business KPIs which are lagging indicators.
Bindra's 'The X in CX' serves as a reminder that customer experience is not just a buzzword, but a crucial factor that can make or break a business. By understanding and improving CX, companies can boost customer loyalty, increase spending, and ultimately, drive long-term profits.
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