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What are success factors that play a role in customer success management and what role does it play in the overall firm performance?

  • This study examines the underexplored areas of customer success management, focusing on the impact of leadership and companywide collaboration, and the role of customer success in overall firm performance. A qualitative research approach was utilized, which involved reviewing relevant literature and conducting an interview with the Vice President of Customer Success Management in B2B at a case company. Findings revealed that both leadership and pervasive collaboration greatly enhance the customer journey experience. Given that 75% of Annual Recurring Revenue is derived from existing customers, the substantial role of customer success in propelling business growth is affirmed. The study also demonstrated the importance of proactive customer engagement, assimilating customer feedback into products and services, and nurturing personal relationships with customers for fostering innovation. It further stressed the need for service provision and decision-making at various levels, as well as the implementation of a range of communication channels, to ensure customer success.

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Metadaten
Author of HS ReutlingenSchmaeh, Marco; Huber, Lea; Mahmoudi, Niloofar
URN:urn:nbn:de:bsz:rt2-opus4-44358
DOI:https://doi.org/10.33642/ijbass.v9n6p8
ISSN:2469-6501
Erschienen in:International journal of business and applied social science
Publisher:Center for Promoting Education and Research
Place of publication:New York
Document Type:Journal article
Language:English
Publication year:2023
Tag:company performance; customer journey experience; customer relationship management; customer success management
Volume:9
Issue:6
Page Number:5
First Page:62
Last Page:66
DDC classes:650 Management
Open access?:Ja
Licence (German):License Logo  Creative Commons - CC BY - Namensnennung 4.0 International