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american customer satisfaction index(ACSI?TRANSCRIPT
About ACSI• The American Customer Satisfaction Index was started in the United
States in 1994 by researchers at the University of Michigan in conjunction with the American Society for Quality in Milwaukee, Wisconsin, and CFI Group in Ann Arbor, Michigan.
• The ACSI model was derived from a model originally implemented in 1989 in Sweden called the Swedish Customer Satisfaction Barometer (SCSB). Claes Fornell, Chair of ACSI LLC and CFI Group, developed the model and methodology for both the Swedish and American versions.
• Hailed as the "Father of Customer Satisfaction," Claes Fornell is without question one of the most influential scholars in marketing science today. His name can be found on 3 of the top 15 most academically cited papers from the leading sources in the field—Journal of Marketing, Journal of Marketing Research, Marketing Science, and Management Science.
ACSI Model
The American Customer Satisfaction Index (ACSI) is an independent national benchmark of customer satisfaction with the quality of products and services available to household consumers in the United States.Each year, roughly 70,000 customers are surveyed about the products and services they use the most. The survey data serve as inputs to an econometric model that benchmarks customer satisfaction with more than 230 companies in 43 industries and 10 economic sectors, as well as over 100 services, programs, and websites of federal government agencies.l
CONT….The American Customer Satisfaction Index (ACSI) is an economic indicator based on modeling of customer evaluations of the quality of goods and services purchased in the United States and produced by both domestic and foreign firms with substantial U.S. market shares The ACSI’s time-tested, scientific model provides key insights across
the entire customer experience. The ACSI’s benchmark results are strongly related to a number of essential indicators Micro level- companies that display high levels of customer satisfaction tend to have higher earnings and stock returns relative
to competitors Macro level-customer satisfaction has been shown to be
predictive of both consumer spending and gross domestic product growth.
ACSI Structure
The American Customer Satisfaction Index (ACSI) collects survey data at the individual customer level to provide insights across the entire customer experience .The national customer satisfaction benchmark— national ACSI score—is an aggregation of all sectors and industries
measured by the ACSI. more than 230 major companies that provide goods and services
to U.S. consumers. Specifically, the national ACSI benchmark represents the average
of all sector scores, weighted by each sector’s contribution to the U.S. gross domestic product (GDP).
The national ACSI benchmark is updated each quarter and serves as an indicator of the health of the U.S. economy.
ACSI Methodology
Perceived Quality
Perceived Value
Customer Expectations
Customer Satisfaction
Customer Complaint
Customer Loyalty
Economic Indicator
The American Customer Satisfaction Index is an important indicator of the nation’s economic performance, both for individual firms and for the economy at large. Customer satisfaction is a leading indicator of company financial
performance. Stocks of companies with high ACSI scores tend to do better than
stocks of companies with low scores. Economic growth is dependent on producing not only more, but
also better, products and services. Manufactured goods tend to score higher for customer satisfaction
than do services Mergers and acquisitions have a generally negative effect on
customer satisfaction, particularly among service industries.
Industrial scores
T.V player/ Recorder
soft drink
Automobile
Food manufaturing
Internet Retail
Helth Insurance
Airlines
Internet Socila media
Subscribe T.S
Internet service provider
0 10 20 30 40 50 60 70 80 90 100
85
84
83
83
82
72
69
68
68
65
Series 1
Automobile
Mercedes-Benz (Daimler)
Lexus (Toyota)
Subaru
Toyota (Toyota)
Honda
Mazda
Jeep (Chrysler)
Chevrolet (GM)
Dodge (Chrysler)
88
87
86
86
86
82
80
79
79
score
score
ACSI Household Applianceand Electronics Report 2013
• Personal computers ACSI scores
Household Appliance ACSI Scores
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