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References
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What Is Customer Service, and What Makes It Excellent?Customer service is the support, assistance, and advice provided by a company to its customers both before and after they buy or use its products or services.
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What Is Customer Service? - SalesforceCustomer service is the support you offer your customers, both before and after they buy and use your products or services.
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Customer service vs. customer experience: Key differentiators - IBMThe simplest key difference between CX and customer service is that CX is concerned with meeting customer needs during the entire customer journey.
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Customer Support vs. Customer Service: What's the Difference?Sep 29, 2025 · Customer service is more about the consumer's overall experience interacting with a particular company, whereas customer support focuses on ...
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[PDF] Loyalty Rules! - Bain & CompanyThe bottom line is this: An increase in customer retention rates of. 5 percent increases profits by 25 percent to 95 percent. Those numbers star- tled many ...
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21 Surprising Customer Retention Statistics | Annex CloudA 5% increase in customer retention can boost profits by up to 75%. (Bain & Company); Almost 65% of a company's business comes from repeat customers.
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107 Customer Service Statistics and Facts You Shouldn't IgnoreAug 5, 2025 · 93% of customers are likely to make repeat purchases with companies who offer excellent customer service. ... 90% of customers rate an ...
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Experience-led growth: A new way to create value - McKinseyMar 23, 2023 · McKinsey defines net revenue retention as the percentage of recurring revenue retained from existing customers over a given time period.
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[PDF] Customer experience: - McKinseyAcross sectors and regions, business leaders are recognizing the competitive advantage of superior customer experience and the value that resides not only in ...
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Service-Profit Chain: How Quality Drives Profit - HBS OnlineMar 25, 2025 · “When we create value for our customers, our customers are more satisfied and more loyal, which leads to revenue growth and profitability,” ...Missing: statistics | Show results with:statistics
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Here's What Happens When You Focus on Employees to Better ...Aug 2, 2021 · Companies that prioritize EX to deliver a premium customer experience achieve 1.8 times faster revenue growth than those that don't, according ...
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The Barter System | Definition, History & Examples - LessonThe barter system dates back to 6000 BC, making it the oldest mode of transaction. ... Everyday bartering interactions can involve trading with consumer services.
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History of Consumer Rights Protection – COIEven under Roman law we find provisions to protect the buyer who entered into a contract, such as the right to claim defective goods. Under Czech law, the ...
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[PDF] Inclusion and Exclusion in Medieval European Craft Guilds.They increased business and brought in more customers by enforcing quality standards. Conversely, guilds imposed a plethora of entry barriers against groups ...
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[PDF] Business in the Middle Ages: What Was the Role of Guilds?Guilds are defined as associations of craftsmen and merchants formed to promote the economic interests of their members as well as to provide protection and ...
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Compartment Couture: New York City Department Stores 1850-1930Sep 11, 2018 · ... Macy's, a dry goods store founded in 1851 and a department store by 1858, were “harbingers of modern retailing” (Kawamura 191-203). As the ...
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What was marketing called before 1900? - Matt HopkinsJan 20, 2015 · Before 1900, businesses used word of mouth, local shopkeepers, and direct sales to local shopkeepers, with promotion mainly in store.Missing: pre- | Show results with:pre-
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Call centers: the history of their origin and development - SIGURD ITMar 15, 2022 · The concept of customer service by telephone originated in the 1920s, and telephone operators were the first to provide such services.
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Reform, Regulation, and Pharmaceuticals — The Kefauver–Harris ...in the form of “adequate and well-controlled investigations”— before ...Missing: influence | Show results with:influence
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The History of the Call Center Explains How Customer Service Got ...Aug 5, 2016 · This anecdote highlights something important about customer service: Service with a lot of interaction is highly intensive and rarely scaleable.
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The History of 800 Numbers and Why We Want Them - Talkroute... 1980s to make toll-free service more affordable and efficient. In 1993, 800 numbers became available from any phone carrier in the telecom industry as they ...
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A Short History of Digital Commerce and Five Trends to Watch in the ...May 10, 2021 · During the 2000s, technology matured. RESTful APIs eventually took hold as microservices, launching a new set of ecommerce platform vendors. At ...Missing: disruption growth
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Unlocking the next frontier of personalized marketing - McKinseyJan 30, 2025 · As more consumers seek tailored online interactions, companies can turn to AI and generative AI to better scale their ability to personalize experiences.Missing: 2020s | Show results with:2020s
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How Tech Has Shaped Customer Service for Almost 150 YearsRating 4.7 (40) Oct 8, 2021 · Before communications technology allowed businesses to serve customers remotely, the only way to provide customer service was in person. If a ...
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History and evolution of contact centers - TechTargetAug 16, 2024 · Early 1900s. Sears introduced a new time-scheduling system that enabled it to handle 10 times the volume of business using an assembly line ...Missing: 1920s | Show results with:1920s
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Traditional & Technological Methods of Customer Service - Study.comIn this lesson, we'll discuss the differences between technological and traditional methods of customer service.<|control11|><|separator|>
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Gartner Survey Finds Self-Service and Live Chat Will Surpass ...Aug 27, 2025 · Gartner Survey Finds Self-Service and Live Chat Will Surpass Traditional Channels as Top Customer Service Technologies By 2027 · Phone and Email ...
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Is Asynchronous Chat The Future Of Customer Service? - ForresterMay 4, 2023 · Asynchronous chat is poised to proliferate throughout the B2C ecosystem, redefining expectations around customer service.
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The contact center crossroads: Finding the right mix of humans and AIMar 19, 2025 · While digital interactions have grown faster than assisted ones (6 percent annually since 2010, according to our research), human-to-human ...
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The New Conversation: Taking Social Media from Talk to Action ...Two thirds of companies predict their use of social media will grow significantly over the next three years, but still struggle with strategic integration of ...
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How to Market to Customers with Mobile Messaging - GartnerMar 24, 2017 · In-app push notifications encourage a company's more loyal users (those who have downloaded a branded application) to engage with an ...
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Omnichannel: The path to value | McKinseyApr 30, 2021 · Omnichannel excellence requires a laser-like focus on value creation. Leaders in the field take a hard look at their strategic and customer priorities.Missing: Apple | Show results with:Apple
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The five zeros reshaping stores - McKinseyMar 16, 2022 · Channels integrate seamlessly with Apple ID, allowing customers to schedule in-store appointments in seconds and helping reps to quickly ...
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Gartner Predicts 80% of Customer Service Organizations Will ...Jan 12, 2021 · By 2025, 80% of customer service organizations will have abandoned native mobile apps in favor of messaging for a better customer experience ...
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History of IVR & Its Evolution Through the YearsAug 29, 2023 · The first commercial use of IVR was in 1973 when Steven Schmidt used the technology for an order inventory control system. IVRs were also used ...1970s: Increased Use of... · 2020s to Present Day: Modern...
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A Closer Look at Robotic Process Automation in Customer SupportRPA can automate updating customer information or entering data into CRM or ticketing systems. Bots can extract data from different sources, validate and format ...What is robotic process... · Examples of RPA automation...
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The Complete History of CRM - SalesforceAutomating sales and marketing. The beginnings of CRM as we know it started in the 1980s. Robert and Kate Kestnbaum were pioneers of database marketing.
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New Data Shows 4 Ways Automation Impacts Customer ServiceAutomation increases repeat purchases by 36%, reduces first response time by 37%, resolution time by 52%, and ticket-to-order ratio by 27%, and increases CSAT ...Missing: 30-50% | Show results with:30-50%
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The evolution of chatbots and generative AI - TechTargetApr 25, 2023 · Chatbots evolved from basic rule-based bots, to conversational agents using NLP, and then to generative AI chatbots using large language models.
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Chatbot Evolution: ChatGPT Vs. Rule-based - Analytics VidhyaMay 12, 2023 · In this blog, we will explore the evolution of chatbots, starting from rule-based chatbots to the emergence of ChatGPT, which is powered by large language ...Chatbot Evolution: Chatgpt... · Rule-Based Chatbots · Gpt3. 5 And Gpt4 Api<|separator|>
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AI customer service for higher customer engagement | McKinseyMar 27, 2023 · AI-enabled customer service is now the quickest and most effective route for institutions to deliver personalized, proactive experiences ...
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Reimagining Consumer Experiences in the AI Era for ... - DeloitteHyper-personalized and customer-centric experiences: AI leverages predictive modeling and sophisticated customer segmentation to deliver hyper-personalized ...<|separator|>
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Amazon Is Losing Its Focus On Frictionless Customer ExperienceSep 26, 2024 · From One Click ordering to frustration-free packaging to a trivially simple return process, Amazon strives to make things easy for its customers ...
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IBM Case StudiesO2 Czech Republic used IBM watsonx Assistant to create a virtual assistant that handles 30% of customer service inquiries exclusively by voice. IBM CIO ...
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Transforming Customer Support with IBM Watson & Generative AIStreebo and IBM revolutionized insurance customer support with a chatbot powered by Watson & Generative AI, improving efficiency and customer experience.
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The One Number You Need to GrowThe One Number You Need to Grow by Frederick F. Reichheld from the Magazine (December 2003). The CEOs in the room knew all about the power of loyalty.
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CSAT: Definition, Calculation & 2025 Benchmarks - RetentlyCSAT (Customer Satisfaction Score) is a survey methodology used to measure a customer's satisfaction with a business, product, or service.
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What's Your Customer Effort Score? - GartnerCES is measured by asking a single question and scoring the response on a scale from 1 to 7, with 1 representing the highest level of disagreement with the ...
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Churn Rate: Definitions, Examples, and Calculations - InvestopediaThe churn rate is the percentage of customers or subscribers that discontinue their relationship with a business over a specific period, indicating the ...
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Customer Lifetime Value (CLV) Formula & Example - ChurnZeroCustomer Lifetime Value (CLV) is the amount of revenue your business will make from a customer over time. Find how to calculate it here.
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It's the Most Challenging Time of the Year..for Customer ServiceDec 10, 2024 · High Volume of Inquiries: During the holiday season, some businesses experience a doubling of customer contact rates, as Forester Research ...
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Emphasize Emotion In Your Holiday Customer Service - ForresterEmphasize Emotion In Your Holiday Customer Service ... Brands are planning for an influx of seasonal agents to handle increased interaction volume during the ...
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Smarter call-center coaching for the digital world | McKinseyNov 19, 2018 · A gap of much more than 30 to 40 percentage points between agents in the top performance quartile and the bottom suggests weaknesses in the ...Missing: errors | Show results with:errors
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The Impact Of Multilingual Customer Support On Customer ... - ForbesOct 30, 2024 · Providing multilingual customer support is essential to ensure that language barriers do not hinder sales and negotiations. A multilingual ...
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What is GDPR, the EU's new data protection law?The GDPR will levy harsh fines against those who violate its privacy and security standards, with penalties reaching into the tens of millions of euros. With ...Does the GDPR apply to... · GDPR and Email · Article 5.1-2Missing: threats | Show results with:threats<|control11|><|separator|>
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The consumer-data opportunity and the privacy imperative - McKinseyApr 27, 2020 · About one-third of the breaches in recent years have been attributed to insider threats. This risk can be mitigated by ensuring that data ...
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How data privacy compliance strategies can mitigate cyber threatsAug 5, 2024 · Organizations must develop solid data security policies and practices to help prevent serious incidents, including information breaches involving customers and ...
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6 Best Practices to Show Empathy in Customer Service | HelpCenterAug 2, 2024 · 1. Acknowledge your customer's concerns 2. Practice active listening 3. Look at things from your customer's perspective 4. Overcome your biases 5. Use positive ...
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Empathy Exercises for Customer Service: 10 Ways to Train Your TeamOct 15, 2025 · Explore 10 empathy exercises for customer service professionals. Learn how to train your team to better understand customers and deliver ...10 Empathy Exercises To Help... · 1. Empathy Map · 6. Storytelling Sessions
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What is proactive customer service? Examples + strategies - ZendeskAug 12, 2025 · Proactive customer service is anticipating and addressing customer needs before they arise. It involves taking the initiative to resolve issues, provide ...
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Best Practices for Proactive Customer Service Success - SobotMay 12, 2025 · Best practices include leveraging customer feedback, using technology/automation, training teams, personalizing interactions, and monitoring ...Strengthened Brand... · Personalize Customer... · Measure Success And...
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What Is a Feedback Loop and How Does It Work? - QualtricsOct 6, 2021 · A customer feedback loop is the process of getting feedback from customers and responding to that feedback. You can have positive or negative ...
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Closing the Customer Feedback Loop - Harvard Business ReviewGenerated by a brief survey the investment firm e-mails out daily, the report shows the most recent responses from her team's clients.
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How Zappos Customer Service Wows Customers To Win - ChattermillUnlimited Call Times At Zappos, they don't measure call time, they're longest call was almost six hours long! They don't use scripts because they trust ...Meet Zappos · Why Is Zappos Customer... · Zappos Customer Service...Missing: empowerment | Show results with:empowerment<|separator|>
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6-Step Voice of the Customer Strategy for 2025 - SprinklrJun 2, 2025 · By 2025, 60% of organizations with VoC programs will move beyond surveys, analyzing voice and text interactions to gain deeper insights. The ...What is a 'voice of the... · action-ready steps for an... · reasons why a strong VoC...
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The future of CX: five ways the metaverse will transform customer ...Jan 19, 2023 · The metaverse will empower customers, enable real-time conversations, and offer greater personalization through avatars and AR, redefining CX.
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Ethics of AI in customer experience and service - ZendeskAug 7, 2025 · AI ethics act as a safeguard against biases, privacy violations, and unintended consequences that can harm others (and your business).
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Do consumers care about sustainability & ESG claims? - McKinseyFeb 6, 2023 · A recent study by NielsenIQ found that 78 percent of US consumers say that a sustainable lifestyle is important to them. Yet many CPG executives ...
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Consumers willing to pay 9.7% sustainability premium, even as cost ...May 15, 2024 · Consumers are willing to spend an average of 9.7% more on sustainably produced or sourced goods, even as cost-of-living and inflationary concerns weigh.
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Research: Consumers' Sustainability Demands Are RisingSep 18, 2023 · For most consumers, sustainability has been considered a “nice-to-have” in the brands they buy, but it's rarely been table stakes.