The Global Phoenix - Issue 4 The Global Phoenix - Issue 4 | Page 7

Global Satisfaction Trends Three overarching trends are driving new approaches to global customer service. 1. Social media, collaboration tools and technology connecting people around the globe, require new strategies, skill sets and mindsets and bring new pressure on companies to be more mindful of their customer service. A bad experience can lead to a quick blog or tweet, and can result in damage to the company’s image. It is much less expensive to deal with a routine customer complaint in a way that gives them a good experience than it is to lose a good customer. 2. Emerging new markets, including some of the fastest growing economies such as Ghana, Qatar, Turkmenistan and China, will provide the consumer growth engines of the future. 3. Globalization of the labor market will drive companies to compete for the same global brainpower and talent. Off-shoring and outsourcing are not just ways to save money, they are essential strategies to compete in the global marketplace. www.theglobalphoenix.org Page 7