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Hospital requirements from Medical Textile Industry G.Balamurugan, BPT. MHA Quality Service Manager, Meenakshi Mission Hospital & Research Centre, Madurai
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3 Indian Health Care Industry size-Rs.20,000 cr. Per capita spending - 4% of GDP Expected -6% of GDP Total Healthcare sector-Rs.73,000 cr. Expected growth of 13% for next 6 years Highly technology driven, a big bet High value – low value products Research & Development Innovation Transformation
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4 Status of Indian Industry Highly disintegrated 2300 players in organized spinning sector 280 composite mills 1000 weaving units 1,45,000 independent processing units Status of machinery tech.?
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10 Designing brand strategy Cut throat competition Brand reputation Brand value Reputation value Experiential value
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Complaints Are Not Enough ‘Customer satisfaction’ is “customers’perception of the degree to which the customer’s requirements have been fulfilled. Customer complaints are a common indicator of low customer satisfaction but their absence does not necessarily imply high customer satisfaction.
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Components of Competitive Edge Quality Innovation Value of Money Personal Service Flexibility Charity Image Brand Loyalty Unique Selling Proposition Customer Care Culture Communication Commitment
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Customer Satisfaction Percentage of people who say they are satisfied with these kinds of customer service.
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The customer feedback ‘Iceberg’ Of those whose customer experience is below expectation:- 10% make an official complaint 25% mention the problem to an employee 65% don’t talk to anyone in the organization may take their business elsewhere, but tell lots of other people. You can influence the result It’s unlikely you will know A problem well solved often creates a delighted customer
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Convert Problems Into Opportunities
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Failures in Success Story Success is a journey,not an end Permission to fail is one of the greatest motivators Analyzing the failures with open mind is also a motivator Good companies celebrate failures like celebrating success Management should support success and failures equally.
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Complaint Is a Gift
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Goals of Customer Focus: End goal of customer focused strategies is the same: Boosting retention and repurchase = more sales!!! Creating Better Products or Services Offering compelling customer experience Building deeper customer relationships
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Why Customer Satisfaction is important? “The reasons why customers no longer deal with a particular supplier”
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20 1 satisfied customer BRINGS = 8 new customers 1 dissatisfied customer SPOILS = 21 potential customers - Harvard Business Review
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Customer Lifetime Value Average transaction value Yearly frequency of purchase Customer life expectancy x x
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Understand Satisfaction Drivers CustomerSatisfaction Access to products & Services Emotional Factor Service Quality Price Product Quality
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Annual Customer Satisfaction Surveys Focus Groups (Formal/ informal) Online Questionnaires Phone or Fax Surveys Feedback Forms Online Polls Customer Service Feedback CRM Software Other Surveys (Benchmarking, Employee, Org Alignment) Different forms of measurement
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Customer is the king Company Product / Service Repeat Purchase Customer Satisfaction or Dissatisfaction Expectation
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Loyal Customers Make regular repeat purchases Purchases across product and service lines Refers others Demonstrates an immunity to the pull of the competition
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26 WHAT IS CULTURE INDIVIDUAL- ACTIVITY REPEATED ACTIVITY BY AN INDIVIDUAL- BEHAVIOUR REPEATED BEHAVIOUR-HABIT REPEATED BEHAVIOUR BY THE SOCIETY FOR YEARS-CULTURE
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27 Deterring factors High hygiene standards Raw – finished product Lack of customized production Shift to value added products Infection control Communication channels
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Supportive Leadership
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29 Federation of Hospital Administrators Unique platform “HOSMAN” –Newsletter Conferences and seminars
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Giving customers a memory and experience so great that they'll want to repeat it. Food for Thought
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