Trends Report

Mitigate Risks In The Customer's Journey

How To Create And Execute A Customer-Focused Risk Framework

November 24th, 2014
Renee Murphy, null
Renee Murphy
With contributors:
Andrew Hewitt , Christopher McClean , Megan Burns , Jennie Duong , Josh Blackborow

Summary

Risk professionals cannot help businesses succeed without a clear strategy to win, serve, and retain customers. With countless delivery channels and untapped target customers, firms find themselves seeking competitive advantage in developing market-leading customer experiences. But truly customer-obsessed firms focus on risk, not just strategy. Considering the amount of visibility and investment in customer-focused strategies and the risk to the organization if they don’t work, there is alarmingly little customer-related risk management going on. Without a better understanding of the risks that could impede successful customer engagement, far too many projects, and even many businesses, will fail.

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