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Showing content with the highest reputation on 09/03/2024 in Posts

  1. Persona Profiling is a technique of building a fictionalized and representative description of a business’s ideal customers based on actual research data. The profiling process entails gathering demographic, psychographic, and behavioural information to create personality archetypes that represent different segments or groups within the target market. The key elements of a persona profile may typically includes, Photos or illustrations to humanize and make the persona memorable. Demographics including name, age, location, etc. Other Basic Information such as bio, job title and education Psychographics such as personal values, personality, traits and archetypes Goals that the persona aims to achieve Skills, areas of expertise and technology proficiency Personal preferences such as favorite channels, preferred apps, trusted resources, etc. These persona profiles aren't just based on stereotypes, but they are built using real customer data, providing a deep understanding of individual customers. Benefits of Persona Profiling By incorporating the persona profiles into Lean Six Sigma projects, teams can ensure that their efforts are in line with the needs and expectations of the customers, leading to effective and customer-centric solutions. Let's have a look at how; Enhanced Customer Focus: By keeping the customer at the center of all decision-making processes we are able to understand the needs, pain points and motivations of different customer segments. Additionally, persona profiling can aid in idea generation and prioritizing features by keeping the focus on the customer throughout the project lifecycle. Relevant Data Collection: Data collection becomes targeted and meaningful when persona profiles guide the process. Teams can design and carry out data collection activities that are in line with the specific characteristics of each persona, leading to insights relevant to the project goals. Problem Identification: A deeper analysis of customer experiences can be done by incorporating persona profiling into LSS projects, which can help identify root causes of customer dissatisfaction or inefficiencies. By understanding how different personas engage with a process or a product, teams can uncover specific issues affecting each customer segment. For example, if a persona indicates frustration with longer wait times, the project can focus on streamlining processes that contributes to delays. Teams can also prioritize their efforts based on which customer segments are most impacted by specific issues, ensuring efficient resource allocation and focusing on improvements that will have the maximum impact on customer satisfaction. Tailored Solutions: By integrating persona profiling within LSS projects, we can develop customized solutions to meet the specific needs of different personas. For instance, a persona that values quick services may require process streamlining, while another that prioritizes detailed information might benefit from enhanced communication channels. Being able to customize solutions with such a focus on the voice of the customer leads to effective and widely accepted improvements. Empathy and Engagement: Persona profiling can help cultivate a strong sense of empathy among team members for the customers they are serving. When teams are able to visualize and understand the personas, they can engage deeply with the project and remain motivated to achieve outcomes that genuinely improve customer experiences. Sustainable Improvements: By keeping customer personas in mind throughout the DMAIC process, Lean Six Sigma teams are able to conceptualize improvements that are sustainable in the long term. The persona profiles also serve as a common reference point for all team members, ensuring that everyone is aligned on who the customers are and what they need, leading to a cohesive project execution. Continuous monitoring, improved communication and adjustments based on insights from different personas ensures that the improvements remain relevant as the customer needs evolve. Integrating Persona Profiling into DMAIC 1. Define Phase Customer-Centric Focus: In this phase, persona profiling can identify the key customer segments and their specific needs, ensuring that the project is focused on solving problems that matter the most to the target audience. Voice of the Customer: Persona profiles provide a clearer picture of the VOC by humanizing the data and customer feedback, aiding in setting of precise projects goals in line with customer expectations. For example, a financial services company may identify "FIRE-focused Millenial"* as a key persona to target for a new investment app. 2. Measure Phase Targeted Data Collection: The data collection process can be targeted to gather specific insights from the personas, leading to relevant and actionable data. Identifying Key Metrics: Persona profiles can help pinpoint which metrics are the most important to different customer segments. These might include satisfaction scores, response times or effectiveness of specific service touchpoints. For example, they key metrics for "FIRE-focused Millenial" may include time to open an account, mobile app rating, investment portfolio performance etc. 3. Analyse Phase Root Cause Analysis: By analysing data through the lens of different personas, teams are able to uncover pain points and inefficiencies affecting the different customer groups Prioritization of Issues: Profiling helps prioritize issues based on which customer segments are the most affected, ensuring improvements are made where they will have the maximum impact on satisfaction. For Example, analysing the account setup process, investment options and FIRE goals can help the team to address critical issues and that the solutions meet the target audience's needs. 4. Improve Phase Tailored Solutions: The improvement strategies can be tailored to address the unique needs of the different personas. Prototyping and Testing: Solutions can be tested with specific personas in mind, allowing for effective prototyping and refinements based on the feedback from representative customer groups. For example, the improvements may focus on streamlining the account opening process or providing personalized investment recommendations based on risk tolerance and FIRE goals or offering educational content on FIRE strategies or enabling seamless mobile access to account information and tools. 5. Control Phase Ongoing Monitoring: Post the implementation of improvements, ongoing monitoring can be put in place and tailored to measure the impact on different personas ensuring that the improvements continue to meet the expectations of all key customer segments. Sustaining Gains: By keeping the focus on the customer as the business evolves, ensuring continuous alignment with customer needs and preferences can help sustain the gains. For example, increase in percentage of income saved towards FIRE goals or continued usage of the mobile app and educational resources can be the success criteria for the "FIRE-focused Millenial" persona. References & Glossary 1. FIRE is the acronym for Financial Independence Retire Early movement. 2. https://www.robertacinus.it/en/blog/marketing/customer-personas-profiling-the-basic-step-to-boost-your-marketing-strategy/ 3. https://persona.qcri.org/blog/elements-of-a-persona-profile/
  2. Persona Profiling - It’s a process of demarcating and segregating customers basis their behavioral pattern, which is created basis studies and data collected from market. It helps organizations to devise their customer reach strategy by aligning it as per the customer requirements. It could include gathering information on customer demographics, intent, issues, expectations etc, but needs to be supported by concrete data evidence. In the DMAIC approach, it is prominently used during the Define and Measure phase, wherein VOC is being analyzed and studied. By creating Customer Persona's its becomes easy to assign a particular data output with a relevant persona created. It helps in better identification and mitigation of any issues which concerning customer behavior. Study of Customer personas prepare the organizations to be flexible in approach as per the requirements collected and refine output accordingly. Some of the examples of Customer Persons mappings could be, - Mutual Funds providers have various categories of funds like Higher Risks, Medium Risk and Low Risk Funds, basis investors Risk Taking appetite - Promotional Activities are planned as per the demographic segregation basis spending pattern for a particular location, thus saving on the cost incurred in advertisements
  3. Persona profiling is a process of creating a customer's profile for a suitable product. It provides a product expert with key customer traits such as age, location, education and choices. In an organisation, persona profiling can be used to create segments for each product or customer base. This can help the organization with better alignment to customer satisfaction and preferences. In Lean Six Sigma, persona profiling can be used to create segments of data for a customer base and analyse the data for a better customer satisfaction impact. These data sets can be used to study the factors to improve customer satisfaction and drive continuous improvement for a product/process. I can think of examples from the Banking industry. They launch specific products and services for customers based on their profile such as bank accounts for housewives or working women. Another example will be NRI bank accounts or term insurance for working professionals.
  4. The persona profiling is more of targeted custom approach one can take to cater needs of diverse target audience, stakeholders or customers. The personas can represent needs based on demography, purchase patterns and seasonality. In Six Sigma define phase, one can use this approach to understand needs of stakeholders and business and can be augmented with Kano model outcomes. During Improve phase, this can be leveraged to come up with more tailored solutions and help prioritise among many solutions. Example, If one persona is created for representing North American and other for India regions, the seasonality can vary based on purchase patterns observed in Thanksgiving in North American region and different pattern observed in Indian region during Deepavali season. The solution approach and prioritisation based on personas can be more effective compared to generic traditional one.
  5. Persona Profiles are creating fictitious characteristics of ideal customer , user, products etc. based on real data. These profiles are called persona. This cerates based on research data, demographics, customer pain & gain, emotions, behavior etc. The popular or structured way to do Persona Mapping is Empathy mapping ( Design thinking tool). It is a collaborate tool to organize & synthesize insights of a persona’s pain point regarding an identified problem. Persona mapping can be used in the define & measure phase to understand the customer's feedback, customer expectation and customer satisfaction in terms of the process improvement. This can help in creating the CTQ ( critical to quality). Persona Profiling can be used for the below : 1. VOCs can be captured 2. VOCs can be converted to CTQs 3. We can derive potential / Target solution 4. Focused data collection to avoid bias 5. Relevant metrics can be derived & designed Few examples where persona profiling can be used 1. Retail industry 2. Banking industry 3. E-commerce industry 4. Health care industry 5. Software / gaming industry 6. OTT platform 7. Automotive industry
  6. Persona Profiling is an activity which is aimed at creating the profile (a.k.a persona) of the target audience of a product or a service. This will include information about the customer demographics, their requirements, their pain areas, behaviors etc. The inputs for customer persona are gathered through market research, surveys and customer interviews and it is further utilised to design customer marketing campaigns, internal processes, as well as for product enhancement/modifications to make things more customer oriented. In a Lean Six Sigma project, inputs gathered through the above mentioned channels can be utilized to enhance service/product in Analyze & Improve phase, so that the customer needs can be assessed pro-actively which help in driving a more than satisfactory customer experience resulting in an improves Cust Satisfaction. Example: For a Digital print organization which provides printing device to its customer, the Order fulfilment team was having an average CSAT Score of 3.7 on a scale of 1-5. Through persona profiling it was identified that most of its customers were Businesses who would like to spread lesser time in placing orders for Toners. To address this below mentioned change/enhancements were done: - IVR options and verification process steps were reduced which reduces the call Handling time by 20%(average) - Automating ordering option was introduced - An app was installed on the devices which would monitor the toner levels and will trigger an alert for ordering to the Order fulfillment team when any toner reached a specific empty percentage - Website ordering option was introduced making it possible for customers to order it from a website as per their convenience As a consequence of the above mentioned steps, the average CSAT for the process improved to 4.3 and has been doing weel since then.
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