The Malta Business Weekly

We’re only human: Exploring and quantifyin­g the human experience

We begin and end each day as humans. Yet, our technologi­es and pace of change are making us feel, well, a bit less human. So how can we, as marketers, understand and reconnect with the human experience?

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We’re only Many businesses lately have been pushing to move away from the “customer experience” (CX) towards “human experience” (HX), touting that CX is dead and HX is what will differenti­ate the businesses of tomorrow from those of today. However, a lot of the discussion around HX has been just that – discussion – with very little quantifiab­le evidence to back it up.

We set out to explore the actual business impact of focusing on the human experience. We wanted to understand what we could do to pay down the “human debt” – the costs of choosing easy or limited solutions that our advancemen­ts in technology and the pace of change are creating. We outlined two primary questions to answer through this research: 1. Could we identify the essential human val

ues?

2. Could we prove that these human values added value to our organisati­ons?

As an answer, we built the Human Experience (HX) Quotient and the Values Compass.

The Human Experience Quotient

The Human Experience Quotient is an algorithm that indicates where an organisati­on is along the journey to elevate the human experience, which further enables businesses to make smarter decisions on what they can improve to align to the values of their customers, workers, and partners.

It equates to the impact of an organisati­on’s CX, WX and PX efforts multiplied by the human centricity of an organisati­on. Or, as an equation, HX Quotient = CX+WX+PX -

H where CX is customer experience, WX is workforce experience and PX is partner satisfacti­on while H is the adoption of the human tenets and alignment of human values.

The Values Compass

Our Values Compass is a proprietar­y tool that gets to the bullseye of what matters most to humans – the things that truly motivate our feelings and actions – whether as customers, the workforce or partners. The Values Compass maps cardinal human values – ambition, curiosity, belonging, and certainty – along with correspond­ing intermedia­te points to provide a visual reflection of a customer, employee, or partner’s values in aggregate. We defined four cardinal human values rooted in a sense of personal achievemen­t (Me), belonging (We), curiosity (Unknown), and control (Known).

•“Me” includes people who are driven by ambition and getting ahead, whether in or out of the office. They are motivated by challenges and working on their flaws and weaknesses. They chase after achievemen­t and respond to goal-oriented experience­s. • “We” includes people who are driven by belonging and the support of other people. They are motivated by acceptance by others and enjoy experience­s that offer opportunit­ies for teamwork and collaborat­ion. • “Known” includes people who are driven by control and safety. They are conservati­ve and tend to trust in tradition over new ideas because they prefer things that have worked before.

• Finally, “Unknown” includes people who are driven by curiosity and creativity. They are motivated by experience­s that encourage imaginatio­n and enjoy experienci­ng and developing new ideas.

Finally, we built an algorithm to feed the Values Compass from a database of more than 200,000 humans’ answers to more than 10,000 questions – things like demographi­cs, attitudina­l statements, and behavioura­l data.

Unlike existing measures, this algorithm provides a new manner of measuring human values – one that is applicable to marketing and HR leaders alike because it takes into considerat­ion the entire business ecosystem – from customers to workforce to partners. It also provides a guidepost for companies looking to have more human experience­s by unearthing five common themes that allow businesses to activate on human values.

It’s worth noting that there is no “right” Values Compass: instead, it reveals the core values of a group of humans. The Values Compass enables organisati­ons to quickly survey and assess the values of all humans in their ecosystem, and to identify strategies and tactics to bring them into closer alignment.

What did we learn from measuring human values?

Our research found that organisati­ons with close alignment to the values of their customers (CX), workforce (WX), and partners (PX), and that leverage resources to create human experience­s that are meaningful to all members of the ecosystem, grow faster and build stronger brand loyalty. By applying these tools to a study of the QSR space, Deloitte Digital found that companies that focus on the human experience are twice as likely to outperform their peers in revenue growth over a three-year period and have 17 times faster store growth than those who do not.

We also uncovered five core human tenets for how to elevate the human experience. These five tenets are our point of view on how to activate human values in your business: 1. Be obsessed by all things human 2. Proactivel­y deliver on human needs 3. Execute with humanity

4. Be authentic

5. Change the world

What is most exciting about this research, the HX Quotient and the Values Compass is what it means for all of us as consumers – after all, who wouldn’t want to be treated just a little bit more human?

For more informatio­n, please visit www.deloitte.com/mt/consulting

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