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Customer Satisfaction & Loyalty in the Life Sciences: Boosting Profit Through Exceptional Service & Support


Description: Overview

To build enduring loyalty, life science suppliers must constantly exceed customer expectations. Customer Satisfaction & Loyalty in the Life Sciences: Boosting Profit Through Exceptional Service & Support examines in detail what elements of customer service and technical support influence the customer’s experience and drive customer satisfaction and loyalty. This report will enable suppliers to benchmark their performance against their direct competitors in key segments and identify areas of strength and also where improvements can be made in their service offerings.

Customer Satisfaction & Loyalty
For this report, we surveyed over 1,000 scientists from around the world to measure their overall satisfaction with life science brands. Loyalty to your brand accrues each time a customer has a positive experience while ordering products from you. As scientists’ levels of satisfaction grow higher, their brand loyalty continues to grow. In essence, the more often customers interact with your brand, the more chances you have of ensuring their loyalty.

Customer Engagement
A highly engaged customer is not only more likely to purchase from you again but also to recommend your products to colleagues. We looked at which brands currently have the most highly engaged customers and what aspects of the purchasing experience are most likely to increase a customer’s level of engagement. In order to delve more deeply into customer engagement, we assessed:

- Customer perceptions of leading brands
- Overall satisfaction with life science brands
- Repeat customer potential of leading brands
- Brand promotion opportunities

Meeting Your Customers’ Service and Support Needs

The sales process does not end with the purchase. In fact, post-sale customer interaction is key to creating repeat business. A poor service or support experience can turn even the most highly engaged customer into a detractor. This report identifies which products are most likely to require service and/or support, as well as the most common reasons for customers to request help, so that you can train your staff to be prepared. In addition we looked at the frequency with which customers would like to interact with your company representatives so that you will be equipped to strike the right balance and improve the satisfaction levels of your customers.

From the customer’s perspective, a purchase initiates a relationship. Scientific customers, especially those using highly specialized products, usually want and need an ongoing relationship with their supplier’s customer service and technical support staff. We identify how you can effectively train your service and support personnel in order to improve your customer service offerings. Most often, the support staff of your company is the final contact with a customer. Find out how to avoid leaving a lasting bad impression.

In Customer Satisfaction & Loyalty in the Life Sciences: Boosting Profit Through Exceptional Service & Support, we reveal the secrets to increasing your brand’s profitability by creating highly satisfied customers who are not just loyal to your products but also have an emotional attachment to your high level of service and support.


Report Objectives

The primary objectives of this report are as follows:

- Evaluate how often customers require assistance from life science suppliers
- Measure customer engagement with leading life science brands
- Identify a life science brand’s most willing (i.e., loyal and satisfied) customers
- Assess customers’ overall satisfaction with life science brands
- Quantify customers’ intent to repurchase specific life science brands
- Determine customers’ willingness to recommend a particular life science brand to colleagues and co-workers (i.e., Net Promoter Score)
- Reveal customers’ degree of emotional attachment to life science brands
- Specify the types of products that most often require customer service and technical support
- Profile the major reasons customers need customer service and technical support
- Disclose the most important qualities of effective service and support personnel
- Indicate the types of customer service that suppliers excel at providing their customers and the types of service offerings that need to be improved
- Explain how suppliers most often disappoint their customers
- Provide insight into how suppliers can increase customer satisfaction and distinguish their service commitment from their competitors


Contents: Section 1: Analysis and Interpretation of Survey Results

- Introduction
- Study Objectives
- Significant Findings

Benchmarking Customer Satisfaction & Loyalty
- Overall Satisfaction with Life Science Brands
- Repeat Customer Potential of Leading Brands
- Brand Promotion Opportunities
- Customer Perceptions of Leading Brands

Customer Engagement with Life Science Brands
- Brand Profiles by Customer Engagement Levels
- Demographics of Highly Engaged Customers

Customer Service and Support Needs
- Frequency of Customer Interaction with Brand-Representatives
- Types of Products Requiring the Most Service and Support
- Common Reasons Customers Call for Service and Support

Providing Exceptional Service and Support
- Training Effective Service and Support Personnel
- Improving Your Customer Service Offerings
- How to Avoid Disappointing Your Customer
- Secrets to Increasing Profitability
- Conclusion


Section 2: Study Methodology and Demographics

- Questionnaire Overview
- Questionnaire Design
- Analytical Techniques
- Demographics
- Questionnaire


Section 3: Presentation of Survey Data

Brand Usage
- Brands Currently Used by Life Scientists
- Frequency of Interactions with Company Representatives
- Length of Time Favored Brands Have Been Used

Feelings About Current Brands Used
- Overall Level of Satisfaction With Current Brand
- Likelihood of Continued Use With Current Brand Choice
- Likelihood of Recommending Current Brand to a Colleague or Friend
- Levels of Emotional Response and Expectations of Preferred Brand

Opinions About Customer Service
- First Contact When Answering a Non-Technical Problem
- Products That Most Often Require Customer Service
- Reasons Most Often Leading to Contact with Customer Service Department
- Importance of Specific Qualities Found in Effective Customer Service Departments
- Most Important Priority of Life Science Customer Service Departments
- Satisfaction Levels with Specific Types of Assistance Received from Customer Service
- Overall Satisfaction with Customer Service Received in the Past 12 Months

Opinions About Technical Support
- First Source of Assistance for Technical Problems
- Products for which Technical Assistance is Most Often Required
- Most Frequent Reason to Contact Technical Support
- Frequency in which Sales Reps are Considered a Good Source of Technical Support and Advice
- Importance of Specific Qualities Found in Effective Technical Support Departments

Increasing Your Customer Satisfaction and Loyalty
- Point at which Most Life Science Suppliers Fail to Live up to Customer Service and/or Technical Support Expectations
- Best Way to Improve the Level of Customer Service and Technical Support
- Decision Making Based on Service-Oriented Traits

Demographics

Section 4: Appendices
- Insights and Perspectives
- Company Performance Profiles
- Cross-Tabulations by Supplier


Methodology 1,115 scientists completed a 29-question survey between June 21 and June 27, 2007. The electronic questionnaire was fielded to registered members of The Science Advisory Board, an online community of tens of thousands of scientists, physicians and healthcare professionals from around the world. The Science Advisory Board is divided into two panels (Research and Clinical) and “convenes” regularly via the World Wide Web (www. scienceboard.net) to voice their opinions on a wide variety of issues, relating to biomedical research and clinical technologies. These experts—representing all aspects of the life sciences and medicine—have agreed to make themselves available to participate in our online research activities. The Science Advisory Board members who participated in this study were drawn from the Board’s Research Panel. Special analytical techniques used to prepare the report include: - Derived Importance Model for the construction of quadrant charts relating satisfaction levels with key attributes of life science suppliers’ customer service departments. - Net Promoter Score analysis designed to calculate the percentage of a supplier’s customers who are so satisfied and loyal to a supplier’s brand that they are promoting the brand to their colleagues based on their experiences with the supplier’s customer service and technical support. - Customer Engagement Model measures customer engagement, links the outcome to financial performance, and is an effective tool for brand management, segmentation, positioning, and differentiation. - ‘Connection Between Receptivity to Sales Reps and Customer Engagement’ assesses the link between science’s responses in the report; “Improving Sales Rep Performance in the Life Sciences” (published in April 2007) and their levels of engagement measured in this title. Market Segment Respondents=1,115 Academic 684 61% Pharmaceutical/Biotechnology 243 22% Hospital or University Medical Center 57 5% Government 54 5% Contract Research 30 3% Medical Device/Diagnostics 17 2% Commercial Testing Lab 16 1% Private Research 14 1% Job Position Respondents=1,115 Staff Scientist 245 22% Post Doctoral Fellow 217 19% Principal Investigator 214 19% Lab Director/Supervisor/Coordinator 141 13% Professor/Teacher 137 12% Graduate Student/Research Assistant 118 11% Laboratory Technician 31 3% Department Head 7 1% Production/Manufacturing 4 <1% Pharmacist 1 <1% Geographic Region Respondents=1,115 North America 619 56% Europe 387 35% Asia 80 7% Australasia/Pacific 21 2% Central/South America 4 <1% Africa 4 <1%


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