Customer Experience Management (CXM) is
a key strategy that supports an organization to grow their businesses. Customer
Experience Management (CXM) proactively initiates contacts, solves problems, delivers
contents, and understands the wants and needs of the customer. CXM is basically
an advanced strategy of CRM (Cormack). Customer Experience
Management (CXM) is crucial to the profitability and success of the business. Present
work is related to the CXM of Tim Horton restaurant. Present work will
elaborate on the current customers of restaurant, current and anticipated needs
and a new CXM model.
Company
Overview of Tim Hortons Fast food restaurant company
Tim Hortons is a subsidiary of
Wendy’s International Restaurant Brand. Tim Hortons was introduced by Tim
Hortons and Ron Joyce in 1964. As a fast food restaurant, Tim Hortons offers
several kinds of products such as coffee, donuts, beverages, wraps, apple pie,
and sandwiches. According to the information provided by the company, Tim Hortons
has a total of 4846 restaurants and cafes all over the world. Currently, Tim
Hortons operates in 14 countries including Bahrain, Philippines, United Kingdom
(UK), United Arab Emirates (UAE), Canada, United States (US), Oman, Kuwait,
Spain, Qatar, Mexico, Ireland, China, and Saudi Arabia.
Tim Hortons was a hockey player. He initiated
this business in Canada with the collaboration of Ron Joyce. Even now Tim
Hortons business in Canada is given more attention as compared to other
countries. Tim Horton's current headquarter is in Canada. Tim Hortons provide
special offers to the targeted market of Canada to remain competitive in the
market. Moreover, CRM strategies are also supportive of the sustainable growth
of Tim Hortons in Canada.
Existing
CXM model (strategies and tactics) of Tim Hortons Fast
food restaurant company
Customer Experience Management model
is the next category in the Customer Relationship management evolution. Customer Experience Management (CXM) model is
consist of advanced practices that makes an organization capable to deliver best
customer experiences to their customers with the purpose to build customer
equity and loyalty in the targeted market (Theglobeandmail.com). Tim Hortons is
following CXM model to grow their restaurant in the market of Canada. Tim Hortons
invest time in understanding distinctions within each segment, culture, and key
customer requirements. Tim Hortons perceive that create consistently valuable
customer experience they must have an understanding of the requirement of
market and customers. For realistic
growth plan, they highly invest in quality. Tim Hortons strategy is to provide
the best quality food with the best service delivery to ensure the best
customer experiences.
Who
are the Customers of Tim Hortons Fast food restaurant
company?
Current customers of Tim Hortons
are all age people living in Canada (for their restaurant in Canada). The
company selected its targeted audience on the basis of demographic and
geographic segmentation. Key demographic characteristics of its customers are
as all age male and female with average monthly income. Tim Hortons also sells
coffee and junk food, therefore, most of their customers are young age
customers.
need
of Tim Hortons Fast food restaurant Customer’s (current and anticipated needs)
Food is the basic need of human
being. In Canada, people prefer to busy baked and cooked food for their
breakfast, launch, and dinner because of their busy schedule. A number of
restaurants and cafes are working in Canada to provide several kinds of food items
to fulfill the basic need of customers. Considering the large variety available
to the customer we can say that customer’s demand and requirements are
increased. Tim Hortons customer now not only need food but they also seek for
the best quality and taste in affordable prices. Tim Hortons successfully
anticipated their needs regarding quality and taste. Somehow, still, there are
some customer's needs that are required to be anticipated by the restaurant. Tim
Hortons needs to pay more focus on the anticipation of these need for best
customer experiences and relationship with the restaurant.
Customer
feedback of Tim Hortons Fast food restaurant company
Company collects information from
social media platform and customer surveys about the perceived values and
opinion of their targeted customers regarding their experience at Tim Hortons. After
analyzing these feedbacks, they select the most frequent and commonly suggestions
presented in the feedback to make changes in their current customer services. Moreover,
Tim Hortons has a working customer complaint service to collect complaints from
the customers as feedback of provided services. Tim Hortons takes these
complaints positively to bring changes and make their services customer
oriented (Hutchinson, Singh and Walker).
Relationships
with Customers of Tim Hortons Fast food restaurant
company
Tim Hortons is building a
relationship with targeted customers through the use of social media platforms.
Tim Hortons has social media pages on Facebook and Twitter followed by their
prospective and loyal customers. The total number of followers on Twitter and
Facebook are as (in order) 649k (twitter) and 3104475 (Facebook). Tim Hortons
marketing team post engaging and interactive content on social media pages to
communicate and interact with their customers. Interactive and engaging social
media pages are key sources for customer relationship building.
Changing
Customers’ needs of Tim Hortons Fast food restaurant
company?
Customer's needs never remain
static. In fact, with the passage of time customer's need to get changes. In
order to keep up current products and services in accordance with the changing
customer needs Tim Horton always introduce innovative products and services.
New tastes and food items with high quality ingredients provide best customer
experiences and secure current customers from switching to the competitor
products.
Recommended
CXM model (strategies and tactics) of Tim Hortons Fast
food restaurant company
After analyzing the current
Customer Experience Management (CXM) strategies and tactics adopted by the Tim
Hortons a new recommended Customer Experience Management (CXM) model is
presented here that will definitely bring improvement in the customer
relationship management and customer experiences management. Tim Hortons needs
to follow up on the presented below strategies and tactics to ensure positive
results:
1.
CXM
outside of dining room: CXM should not be limited to dining halls only. In
fact, the restaurant should increase interaction with the customers by
developing a professional relationship with them. The restaurant marketing team
should keep updating their customers with new offers, special deals, menu
changes, and loyalty programs for the increase in engagement (Hutchinson,
Singh and Walker).
2.
Pay
attention to customer engagement: restaurant administration should directly
interact with the customers. Getting feedback by using scorecards or service
survey cards can work to collect customer responses. Bringing changes in the
light of feedback will definitely come up with the best outcomes.
3.
Make
every interaction important: Giving enjoyable and memorable customer
experiences can cultivate strong customer relationship with Tim Hortons.
4. Listen
to what your customers say: listening to customers' requests and feedback are
really important in CXM and CRM. Tim Hortons should communicate with targeted
customers and pay emphasis on feedback for appropriate CXM.
Implications
of investing in a revised CXM model of Tim Hortons Fast food restaurant company
There are some positive and
negative implications of investing in a revised CXM model. These implications
are presented below as positive and negative implications:
Positive Implications: Revised CXM
model will ensure customer equity and loyalty. We all know to target a new
customer always cost more than retaining a current customer. In the case of
poor customer experiences, the customer will switch to the competitor's product
thus the company will not only face a decrease in profit and but also increase
in cost for targeting new customers. Moreover, new CXM model will proactively
initiate contact, address customer's needs, solve problems, and deliver
content.
Negative Implications: Implementing
a new CXM model will require time and more efforts that are the key negative
implications of the revised CXM model.
Benefits
of adopting a CXM model of Tim Hortons Fast food restaurant
company
The key benefits of adopting a CXM
model are presented in this section. CXM ensure positive differentiation in the
targeted market. CXM enhance customer
satisfaction, customer experience, and loyalty. Increased customer centricity
and customer focus through the management of customer experience results in an
increase in sales (Skywavesolutions.com).
Success
measurement of revised CXM model of Tim Hortons Fast
food restaurant company
Two strategies are selected for the measurement of success supported by
the revised CXM model. Firstly, we will measure changes occurred in the sale of
Tim Horton after the implementation of the revised CXM model. Increase in sales
growth will definitely indicate the success of CXM model for Time Horton.
Secondly, we will measure the success of the revised CXM model by collecting
information from the customers. We will use balance scorecards and conduct a
survey online at social media platform about customer experiences. Thus we will
compare this feedback with the previous feedbacks. High customer satisfaction
and engagement will indicate the success of the revised CXM model.
Conclusion
on Tim Hortons Fast food restaurant company
The whole discussion concludes that Tim Hortons is fast food
restaurant working in 14 countries around the world. Tim Hortons branches in
Canada offer beverages, coffees, and other bakery related products to their
customers. Having a focus on long term profitability and sustainability in the
competitive market Tim Hortons invest in customer relationship management (CRM)
and Customer experiences management (CXM). CXM model has some limitations that
need to be addressed by the company. Revised customer experience management
model encourages the administration to pay more attention to customer
interaction, feedback, and needs for positive results and increase in profitability.
Cormack, Patricia. "`True Stories' of Canada:
Tim Hortons and the Branding of National Identity." Cultural
Sociology 2.3 (2008): 369-384.
Hutchinson, David, Jang Singh and Kent Walker.
"An assessment of the early stages of a sustainable business model in
the Canadian fast food industry." European Business Review 24.6
(2012): 519-531.
Skywavesolutions.com. CUSTOMER EXPERIENCE
MANAGEMENT BENEFITS. 2019.
<https://www.skywavesolutions.com/customer-experience-management-benefits/>.
Theglobeandmail.com. Three customer service
lessons from Tim Hortons. 2019.
<https://www.theglobeandmail.com/report-on-business/small-business/sb-marketing/three-customer-service-lessons-from-tim-hortons/article17516694/>.