Customer-centric business strategies rule in today’s online economy. The underlying reason for this is because companies rely on a customer’s electronic word-of-mouth. Establishing a “relationship” means interacting with your end consumer, even if that conversation is through invisible, digital means. Whether question, comment, concern, or complaint, feedback paves the way to success.
The term Feedback appears a bit vague at first glance. What is it? What does it mean? What does it encompass? The Oxford dictionary states that feedback is defined as Information about reactions to a product, a person’s performance of a task, etc. which is used as a basis for improvement.
Broken down further, the meaning is two-fold: first, that information is provided, and second, that it is taken into consideration to make a positive change. These two characteristics emphasize the inherent power that describes this term. However, this does not explicitly define what “information” is. Feedback is actually an umbrella term when looked at it closely.
For the hospitality industry, namely hotels (although restaurants, destinations, and tour providers also share similarities), online feedback covers the information that comes from all of the reviews written on various online portals, the results gained from pre- onsite- and post-stay surveys, as well as all of the communications that happen through email, mobile messaging, and social media. This information often comes through various online channels in the following forms:
Online reputation management (ORM) has only recently become a piece of the feedback puzzle. As new channels like guest satisfaction surveys, messaging, and voice become more mainstream, the best way to describe all of these sources of information under one term is by using the term feedback.
The word feedback is understood in global markets, without needing a designated word translation, making it ideal to describe the growing field of online feedback and all the new areas of information that will open up in the future.