How can companies effectively measure the impact of implementing customer feedback into their CX competency programs, and what strategies can they use to track improvements in long-term customer satisfaction and loyalty?

Companies can measure the impact of implementing customer feedback into their CX competency programs by tracking key metrics such as Net Promoter Score, customer satisfaction scores, and customer retention rates. They can also analyze trends in customer feedback over time to identify areas of improvement. To track improvements in long-term customer satisfaction and loyalty, companies can conduct regular surveys, monitor customer interactions, and use data analytics to identify patterns and trends in customer behavior. Additionally, companies can establish benchmarks and set goals for improvement to measure the success of their CX competency programs over time.