Author Question: What is the Voice of the customer (VOC) strategy? List and describe its 4 steps. What will be an ... (Read 133 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
What is the Voice of the customer (VOC) strategy? List and describe its 4 steps.
 
  What will be an ideal response?

Question 2

In the Coors case study, genetic algorithms were of little use in solving the flavor prediction problem.
 
  Indicate whether the statement is true or false



stano32

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

Voice of the customer (VOC) is a term usually used to describe the analytic process of capturing a customer's expectations, preferences, and aversions. It essentially is a market research technique that produces a detailed set of customer wants and needs, organized into a hierarchical structure, and then prioritized in terms of relative importance and satisfaction with current alternatives.
 Listen encompasses both the capability to listen to the open Web (forums, blogs, tweets, you name it) and the capability to seamlessly access enterprise information (CRM notes, documents, e-mails, etc.).
 Analyze This is taking all of the unstructured data and making sense of it. Solutions include keyword, statistical, and natural language approaches that will allow you to essentially tag or barcode every word and the relationships among words, making it data that can be accessed, searched, routed, counted, analyzed, charted, reported on, and even reused.
 Relate After finding insights and analyzing unstructured data, here you connect those insights to your structured data about your customers, products, parts, locations and so on.
 Act In this step, you act on the new customer insight you've obtained.

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

For a complete list of videos, visit our video library