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While, companies differ tremendously in both the diversity of customers served and the number and nature of the offerings to market, those who are succeeding in meeting, or exceeding, Millennial expectations have a channel-less approach to engagement and look to deliver excellent conversations in ways that seamlessly traverse the right channels at the right time.
If the topic of Millennial and Gen-Z customer engagement is of interest to you and your company, you will no doubt have noticed the huge amount of information and research that has been completed on this topic. Much of this is based on trying to understand and define what makes them different to other generations and to categorise them, rather like books in a library. Taking this further, it’s been recognized that the Millennial grouping is very wide (1980 – 1996), so, many companies have also now broken this down into further categories that define ‘types’ of Millennials. If we continue this process of sub-categorization, unsurprisingly, we will end up back at personalized service – maybe that should be the starting point and not the destination? This is not a new phenomenon; the older Millennials are now 39 years old and have been consumers for 20 years, so why the intense scrutiny on this now?
It’s at this point, I start to question the whole process of these intense studies across age groups and what it really all means, in practice, to the companies I spend time with. This is not to say that there aren’t differences across generations, clearly the way I think and go about life is different from my parents and children.
Here are a couple of points that maybe help frame our thinking:
The difference these two points draw out is that; It is perhaps the speed of reaction and the connected culture our young people live in, that differentiates them most from previous generations. For those fans of Star Trek, when I see my kids, it’s like the Borg, a group of intricately connected beings who are always on and always in touch, sensing and knowing what each other is doing and moving as one. Whereas, my online friendship group is relatively small and largely of people I have spent time with, my older kids have thousands of friends and acquaintances they have often only tenuously met but associate with in a virtual world.
Taking all of this into account, perhaps, one of the most important junctures we are coming to where these differences have a measurable impact, is the arrival of the Millennial grouping as the major spending power.
There are three areas that summarize well the direction of travel for companies as they seek to engage the speed and reaction of Millennials.
While, companies differ tremendously in both the diversity of customers served and the number and nature of the offerings to market, those who are succeeding in meeting, or exceeding, Millennial expectations have a channel-less approach to engagement and look to deliver excellent conversations in ways that seamlessly traverse the right channels at the right time. At a recent meeting, a client said they found themselves having to reset their technology every 5 to 8 years, comparing this to companies who are spearheading the leading Millennial engagements, their model is one of evolution; their platforms allow and adapt to ever changing channels and levels of engagement in a rapid way, with minimal change.
In summary, customers, regardless of age, are not asking for automation, or robots, or new channels of communication! They don’t all know what AI or digital customer engagement are, but often, and more so with Millennials and Gen-Z, what they want to achieve, requires these. What they do know is, if something is nice to do, value for money, easy to achieve, and a pleasant experience, they will do it again and almost certainly recommend it in some form.
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