Customer service is what happens at the front line between someone receiving a product or service, and the business that is providing it. In B2C organizations, this includes the interactions between the paying customer and the business. In B2B companies, customer service most often happens between the end users at the organization making the purchase (individuals and departments), and the provider of the product or service (most often the sales and customer service departments).

Then, what is customer centricity? Customer centricity is a value that informs the behavior of the entire organization. It involves every individual at every level of the organization operating under the assumption that everything they do has the potential to affect the overall experience of the customer. Customer centricity includes customer service, but it doesn’t begin or end with frontline staff. Instead, a customer-centric organization considers the entire customer journey, and anticipates customer needs beyond the single transaction.

Adopting a customer-centric culture can have a tremendous impact on the organization and its employees. In fact, researchers at Forrester found that employees at 93 percent of customer-centric companies are happy to work there, compared to only 20 percent of employees at companies that are less focused on the customer experience. In addition, 95 percent of customer-centric companies said their customers are satisfied with their products and services, compared to only 46 percent of other companies. Meanwhile, a Walker study found that even a moderate improvement to the customer experience can impact the revenue of a $1 billion company by an average of $775 million over three years.

With such an impact on employees, customers, and the organization’s bottom line, it’s easy to see why more companies are putting a focus on customer centricity.