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In this sense, innovations are not just new revenue streams, but also new ways to enhance the customer experience (differentiate your company), before, during, and after purchase or touch-points. Adjust your voice-of-the-customer methods to reflect what you've learned about customers' realities, expectations, and preferences.
That’s because the price margins between competitive brands have narrowed , services have become standardized and migration costs have been minimized, leaving out just one key differentiator – customer experience (CX). According to a McKinsey study , 70% of buying experiences are based solely on how customers feel treated.
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