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Learning to Love Your Complaining Customers - Building Online Business
The angry restaurant patron. The irritated airline passenger. The retail customer screaming about a return or refund. Every company worries about complaining customers. They can be loud, disruptive, bad for employee morale, and have a huge impact on companies. But are customer complaints as damaging as they seem? A new Journal of Marketing study turns its lens on customer complaints, performing the largest scientific study ever to understand how they affect companies’ performance. A few years ago, Snapchat lost $1.3 billion in market value in a single day after a Kylie Jenner tweet about unhappiness with the app’s new layout. She simply said: “Sooo does anyone else
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