If you ever needed a case study on why customer satisfaction is important and what havoc lack of customer satisfaction can have on a company, look no further than the recent situation with Netflix. It lost 800,000 subscribers in the United States in one quarter and over 25% of its stock price.

Netflix responds to customer social media outrage

Thursday, September 22nd, 2011

How Social media are Amplifying Customer Outrage by author Chris Taylor shows examples of real life, on going, struggles between organizations and consumers. Some organizations are backing down from the public outrage. Some are not. Netflix responded with a change in their business model and a video of explanation. It remains to be seen if customers and Wall Street will react more positively.

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