How can teams ensure that they are effectively collecting and analyzing customer feedback in order to accurately measure the impact on business performance and drive innovation?

Teams can ensure effective collection and analysis of customer feedback by using a variety of tools such as surveys, focus groups, and social media monitoring. It is important to have a structured process in place to gather, organize, and analyze the feedback in a timely manner. Utilizing data analytics and customer relationship management systems can help teams track and measure the impact of feedback on business performance. Regularly reviewing and discussing the feedback with key stakeholders can help drive innovation by identifying areas for improvement and new opportunities.