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Shep Hyken discusses the importance of customer satisfaction surveys in improving organizational performance. According to Peter Drucker, you can't manage what you don't measure, highlighting the value of surveys in providing data for improvement. Two key aspects are identified: asking the right questions to gather useful information and taking action based on the survey results. Not using the feedback received renders the survey ineffective, so it's essential to act on the data collected for the survey to be impactful.