Any company today that practices brand management understands the importance of its touch points with its customers and prospects. As Dr. Paul Temporal puts it:
"Brand management is, at its simplest, managing the consumer experience by managing all the interactions (touch points) that any current or potential customer has with your brand. It is about those "moments of truth" that we all know too well can make us happy or frustrated." (1)
Try searching "touch points" on Google. You should get over 1.4 million results. Refine the search to "managing touch points." You still get over 400,000 results. The fact is, touch point management is a critical issue to companies.
If you read these articles on managing touch points, you likely will be given the advice that one should initially identify those interactions that make the most difference—that is, you should prioritize the touch points. For example, in advising on how to manage digital touch points, Patrick Fleck offers a 10-point action plan with the following as points 4 and 5:
4. "Assess risk. Classify each touch-point by level of business risk. Identify and quantify, if possible, the revenue volume associated with each touch-point. In other words, measure what is at stake at each digital touch-point. Don’t forget intangibles—like brand.
5. Prioritize. Beginning with the highest risk touch-points, perform customer research as necessary to clearly identify customer goals and needs." (2)
This is very sound advice, but it is easier said than done. How do you determine the business risk associated with a specific touch point?
