Initiatives to Achieve Customer Satisfaction

Document Sample
scope of work template
							            Social Report

     Initiatives to Achieve Customer Satisfaction


                                                                                                                                Created more opportunities to gather customer feedback
                                                                                                                                and provide information by holding post-sales follow up




                                                                                                         Results and progress
                                   Actively pursue post-sales follow up.                                                        seminars, and encouraging interaction between customers,
              Issues and targets
                for fiscal 2005




                                                                                                            for fiscal 2005
                                                                                                                                the staff and their superiors. Improved programs for
                                                                                                                                training junior sales staff.
                                                                                                                                Established online trading terminals and support desks at all
                                   Enhance the convenience of branches offices through                                          branches, enabling customers to easily access information
                                   utilization of IT.                                                                           and place orders
                                                                                                                                Commenced renovations at all branches. Promoted in-
                                   Create branch office atmospheres that are welcoming to a
                                                                                                                                house projects with the goal of improving customer
                                   broad clientele.
                                                                                                                                service quality.




           Approach to achieving                                           service. Further, Daiwa Securities Co. Ltd.                         3. Creating a functionally appealing environment at
           customer satisfaction                                           encourages training programs for the                                   all branches to satisfy a wider range of customers
                                                                           development of junior sales staff to further                        Daiwa Securities Co. Ltd. plans to renovate
         The Daiwa Securities Group is built on the                        emphasize, at an early stage, the importance                        all its branches by the end of fiscal 2007.
         trust of its customers. Customer confidence                       of following up post sales.                                         The aim is to improve each branch’s
         is its number-one Corporate Principle.                                                                                                convenience and functionality, while creating
         Moreover, the Group has made improving                            2. Utilizing IT at the offices                                      a relaxed, private and secure setting for
         customer satisfaction a top priority among                        Daiwa Securities Co. Ltd. has placed online                         investment consultation.
         its management issues. The Group seeks                            trading terminals at its branches as                                   In-house projects such as raising awareness
         the feedback from customers and uses this                         conveniences for customers to gather                                of the basics like business etiquette and
         information to provide new services and to                        information and place stock orders. Also,                           branch tidiness are also being pursued.
         improve the quality of customer service.                          online support desks have been established                             By improving both facilities and customer
                                                                           at the branches to assist customers who are                         service etiquette, Daiwa Securities Co. Ltd.
           How customer feedback is                                        not familiar with personal computers or                             aims to create a pleasant branch environment
           utilized and initiatives                                        Internet transactions.                                              for its customers.

            Improving customer satisfaction
         At Daiwa Securities Co. Ltd., the group
         company that has the most customer
         interaction, a Customer Satisfaction (CS)
         Promotion Section in the Sales Planning
         Department has been established to carry                          • How customer feedback is utilized
         out initiatives to improve customer
         satisfaction. For example, each week,                                                                                       Customers
         customer feedback received at the branches
         is shared and discussed by all executives
         and employees in the company.                                                                            Opinions, comments, and requests

           Initiatives to address
           fiscal 2005 issues                                                                                                                                                  Improvement
                                                                                                                 Daiwa Securities Co. Ltd. branches
         1. Actively pursue post-sales follow up
         Based on the annual customer questionnaire
         as well as other forms of feedback, following                                 Opinions, requests,                      Gathering feedback         Response proposals and
                                                                                      reports, and inquiries                        at each branch          steps for improvement
         up after sales is one of our most important                                                                               to be shared by
                                                                                                                                all branches (weekly)
         services. In fiscal 2005, Daiwa Securities Co.
         Ltd. increased opportunities for customers
         to give feedback to staff and their superiors.                              CS Promotion Section, Sales Planning Department, Daiwa Securities Co. Ltd.
         It held more post-sales follow up seminars,
                                                                                               Contact                                                Report
         keeping customers informed of new                                                                     Improvement                                              Improvement
         developments and encouraging them to                                               Departments responsible                                      Management
         provide feedback. The seminar content was                                              at headquarters
         also expanded to include more on customer



33   DAIWA SUSTAINABILITY REPORT 2006
  Customer Support Center                             Monthly Report, which is sent to executives,                                                     From the responses, it was revealed that
  inquiries and responses                             all branch managers, branch internal                                                          the greatest sources of dissatisfaction came
                                                      administration supervisors, and general                                                       from a change in salesperson due to




                                                                                                                                                                                                                          Social Report
In fiscal 2005, there were 7,019 calls made to        managers at headquarters.                                                                     transfers, and the lack of follow up after
the Customer Support Center, an increase of                                                                                                         sales. These issues will be addressed in
1,228 over the previous fiscal year. Of these            Fiscal 2005 customer                                                                       fiscal 2006.
calls, 2,075 were complaints, 361 more than              satisfaction survey
the previous fiscal year. Problems with the




                                                                                                                                                                                                                          Initiatives to Achieve Customer Satisfaction
online trading system were the cause of 223           Since fiscal 2001, Daiwa Securities Co. Ltd.
of these increase in complaints.                      has been carrying out an annual customer
   Complaints concerning branches made up             satisfaction survey in order to assess
1,354 of the complaints received in fiscal            customers’ opinion of our services. In fiscal
2005. Half of these dealt with dissatisfaction        2005, over 220,000 questionnaires were sent
over customer service and the business                out, and about 80,000 of them were returned.
etiquette of sales staff. In these cases, the
complaints were relayed to the branches or
departments concerned within the same
day. This system enables rapid response to            • Results from the customer satisfaction survey
customer complaints. Moreover, customer
comments received by telephone are
                                                        Satisfaction level




published in the Customer Support Center                                                       Salesperson’s                   Points to maintain                                 Important points to maintain
                                                                                               appearance
                                                                                               and manner
                                                                                                                                                                                                     Quick and
                                                                                                                                                                                                     efficient service
• Number and types of calls received by the
                                                                                                                                                                            Salesperson’s
  Customer Support Center                                                                                                                                          ability to comprehend


                                             Calls                                                                                                           Product and                  Easy-to-understand
   0         2,000     4,000         6,000    8,000                                                                                                          service knowledge            explanations


  FY
2003 1,620            4,132           46
                                                                                                                          Advice on
                                                                                                                          financial products

  FY
2004 1,714            4,068           9                                                                                                          Provision of information on
                                                                                                   Comprehensive advice for                      economic and market conditions
                                                                                                   portfolio management
  FY                                                                                                                                                           Post-sales follow up
2005   2,075             4,944               0
                                                                                                                                                                           Important points for improvement


         Complaints      Inquiries     Feedback                                                                                                                                                  Importance level
                                                                             * There were five satisfaction levels from very high to very low, and three importance levels, with “high” (10.0 points),
                                                                               “neutral” (5.0 points) and “low” (0.0 point).




    Future issues and fiscal 2006 targets
                                                        Comments from stakeholders
   In fiscal 2006, the Daiwa Securities Co.                                       Customer satisfaction initiatives at the
   Ltd. will continue working on constructing
                                                                                  Daiwa Securities Group
   a pleasant environment at its branches.
   Specifically, the Group aims to maximize
                                                              The Daiwa Securities Group is dependent on the satisfaction of its customers.
   the utilization of new office space post
   renovation and create a service flow that                  As the employees that actually interact with customers in the branches, we
   will give customers a better impression.                   in the Investment Services Section play a major role in delivering customer
   Also, the company is implementing                          satisfaction. In order to ensure that customers are happy when they visit one
   training programs that will improve the                    of our branches, I think it is important to make them feel glad they came in,
   knowledge and etiquette of junior sales
                                                              and encourage them to come again. If every employee appreciates the                                          Mami Kunifuda
   staff. Following efforts started in fiscal
   2005, the Group will continue to work on                   benefit of making customers feel this way, and thereby achieve in job                                        Deputy General Manager
                                                                                                                                                                           Headquarters Investment Services Section
   the area of post-sales follow up.                          fulfillment, we can improve customer satisfaction even further.                                              Daiwa Securities Co. Ltd.




                                                                                                                                                                           DAIWA SUSTAINABILITY REPORT 2006              34