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A moment of truth (MOT) is marketing lingo for any opportunity
a customer (or potential customer) has to form an impression about a company,
brand, product or service. Marketers strive to use moments of truth to create
positive, customer-centric outcomes. The concept itself is very simple -- if
every customer interaction has a positive outcome, the business will be
successful.
Although moments of truth can include mass communication, a MOT's power
comes from those interactions in which the communication is personalized. The
value of a moment of truth was first conceptualized in the 1980s by Jan
Carlzon, the CEO of Scandinavian Airlines Systems and expanded upon by A.G.
Lafley when he was the CEO of Proctor & Gamble.
Customers have an expectation that each moment of truth will provide
accurate information and an effortless interaction with an organization.
There is significant downside risk if moments of truth do not achieve a
baseline level of an individual's expectations and customer satisfaction
(CSAT) rankings are poor.
The challenge organizations face regarding moments of truth is to
identify every possible customer touch-point and optimize each one, whether it
is a recurring experience, such as sending out a billing statement, or a
one-time communication with a sales representative over the phone.
Different types of MOTs
The following list is an aggregate from several different sources:
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A black swan event is an incident that occurs randomly and unexpectedly and has wide-spread ramifications. The event is usually followed with reflection and a flawed rationalization that it was inevitable. The phrase illustrates the frailty of inductive reasoning and the danger of making sweeping generalizations from limited observations. The term came from the idea that if a man saw a thousand swans and they were all white, he might logically conclude that all swans are white. The flaw in his logic is that even when the premises are true, the conclusion can still be false. In other words, just because the man has never seen a black swan, it does not mean they do not exist. As Dutch explorers discovered in 1697, black swans are simply outliers -- rare birds, unknown to Europeans until Willem de Vlamingh and his crew visited Australia. Statistician Nassim Nicholas Taleb uses the phrase black swan as a metaphor for how humans deal with unpredictable events in his 2007...
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