top of page

Customer-Centricity: The Key to Survival for B2B Companies

Did you know that B2B companies are facing a significant risk of losing over two-thirds of their customer base? According to a Gallup analysis, only 29% of B2B customers are fully engaged with the companies they do business with, while the remaining 71% are ready to take their business elsewhere. This trend cuts across industries, including heavy manufacturing, pharmaceuticals, and law firms, indicating that B2B companies are failing their customers on a broad scale.

Despite having certain advantages like reputation and market presence, B2B companies often struggle to support long-term business growth. Even major players in their respective industries find themselves trapped in a cycle of competing on price, making it difficult to build meaningful customer relationships. This traditional playbook is becoming increasingly ineffective, demanding a new approach to drive growth.

To thrive in today's market, B2B companies must shift their perspective and adopt a customer-centric model. This approach goes beyond merely focusing on the customer or improving the customer experience—it places the customer at the core of everything the company does. The goal is to make the customer organization more successful, fostering a mutually beneficial partnership.

While many B2B companies recognize the importance of customer-centricity, few have effectively implemented this model. They invest in methodologies to optimize costs but lack a comprehensive plan for maximizing customer relationships. Although they may conduct surveys to gauge customer satisfaction, the collected data often remains stagnant in spreadsheets, with little action taken.

Gallup has observed this scenario repeatedly, where valuable customer feedback fails to drive meaningful change. Ignoring customer voices can be more detrimental than not seeking feedback at all. Customers expect their concerns to be addressed and their needs met. Failure to act upon feedback results in increased disengagement and undermines the credibility of future surveys.

To overcome these challenges, B2B companies must listen attentively to their customers and take decisive action. This guide, based on Gallup's extensive work with B2B clients, serves as a roadmap for leaders seeking to prioritize customer centricity and accelerate growth. It provides valuable insights and best practices to help leaders foster and strengthen their most important customer relationships.

Commitment and follow-through are crucial in building a customer-centric culture. By aligning business strategies with customer needs and wants, B2B companies can position themselves for long-term success and differentiation in the competitive landscape. Read the full report



bottom of page