NPS Blog
Author Archives: Fred Reichheld
The danger of dismissing a dissatisfied customer
The byproducts of happy clientele are obvious, but the cost of detractors is less clear to many business leaders. By the time their irritation is evident in traditional metrics—declining sales, failed product upgrades, defections to rivals—the cause of their discontent … Continue reading
- Posted in Author Q&A
- Tagged linkedin
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The most toxic kind of corporate “waste”
This post originally appeared on LinkedIn. In the suburb where I live, people regularly demolish 4,000-square-foot homes just because they’re a little outdated, clearing the way for new 8,000-square-foot estates. Everything goes into the dumpster— all the flooring, drywall, window, … Continue reading
Delighting bank customers one phone at a time
Almost one-third of the 74,700 US consumers that Bain & Company surveyed for its latest global Customer Loyalty in Retail Banking report used smartphones or tablets for banking during the three months prior to the survey. That’s up from one-fifth of respondents … Continue reading
- Posted in Author Q&A
- Tagged happiness, linkedin, loyalty
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How salespeople can destroy your business
This post originally appeared on LinkedIn. Some executives don’t seem to care what their employees do to close a sale. Customers vote with their wallets, so buyers must have liked what they saw, right? Would those executives feel the same … Continue reading
- Posted in Author Q&A
- Tagged begging, employee engagement, linkedin, loyalty
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Numbers count, but feelings come first
This post originally appeared on LinkedIn. Long ago, one of my statistics professors in college cautioned me that statisticians tend to obsess about creating the highest R-squared. Inflating one’s R-squared might be just the ticket for getting your results published in … Continue reading
- Posted in Action, Author Q&A, Reliable metric
- Tagged linkedin, loyalty economics, loyalty scores, Net Promoter system
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Don’t try to satisfy your employees!
This post originally appeared on LinkedIn. Plenty of companies now understand that they need to turn more customers into promoters if they are to grow profitably. They also recognize that they can’t accomplish that goal unless front-line employees and supervisors are … Continue reading
Why the Golden Rule is good business
This post originally appeared on LinkedIn. The Golden Rule—treat others as you would want to be treated—is a pillar of most of the world’s great religions. It lies at the heart of secular ethics. It is an expression of the basic … Continue reading
- Posted in Author Q&A, Loyalty economics
- Tagged bad profits, Golden Rule, happiness, linkedin
- 3 Comments
Let customers know you’re listening to them
Closing the loop is a central element of the Net Promoter system that Rob and I describe in our book. It signals to customers that their feedback actually produces results and brings that customer’s voice right inside the organization and allows … Continue reading
- Posted in Author Q&A, Closed loop
- Tagged closed loop, linkedin, Net Promoter system, NPS
- 2 Comments
At stores, the most challenging time of the year
This post originally appeared on LinkedIn. The holidays are a prime time for stores to build loyal customers—or create detractors. Millions of shoppers are heading to their local malls these days, basking in holiday spirit as the late Andy Williams … Continue reading
Achieving true sustainability in a throwaway society
Companies love to use buzzwords like “stewardship” and “sustainability” in their public relations campaigns. But inside their walls, many treat their most precious assets as disposable: people. Maybe it’s time to rethink corporate responsibility and return to the fundamental idea that companies … Continue reading
- Posted in Author Q&A, Employee engagement
- Tagged employee engagement, linkedin, loyalty economics
- 2 Comments
Instilling holiday spirit in harried retail employees
Millions of shoppers are heading to their local malls these days, basking in holiday spirit as the late Andy Williams croons “It’s the Most Wonderful Time of the Year” over the PA system. But some employees are probably ready to … Continue reading
- Posted in Author Q&A, Employee engagement
- Tagged employee engagement, linkedin, loyalty, loyalty economics, loyalty scores
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Is customer loyalty dead?
This post originally appeared on LinkedIn. In a world where many customer interactions happen online, where human tellers and clerks have been replaced by ATMs and kiosks, where customers have tremendous price transparency at the click of a mouse, is … Continue reading
- Posted in Author Q&A, Employee engagement, Interaction prioritization, Loyalty economics
- Tagged linkedin, loyalty, Net Promoter system, NPS, service, Vanguard
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“Wowing” customers every day, not just Black Friday
Many stores are adopting a hurry-up offense for Black Friday this year and opening the evening of Thanksgiving Day, hoping to attract the most eager shoppers. Is opening earlier (and cutting into employees’ time with their families) the way to delight … Continue reading
The one word that customers love to hear
TD Bank trains customer-facing employees to satisfy any client requests that don’t violate the bank’s policies. Sometimes the company says yes before its customers can even ask the question, most recently by offering fee refunds to people affected by Hurricane … Continue reading
Profits follow when you put people first
Too many companies focus on maximizing short-term profits because they are a reliable metric for evaluating executives’ performance. But many companies would benefit from measuring how closely they follow the Golden Rule. As Net Promoter practitioners know, companies that delight their customers … Continue reading
- Posted in Author Q&A
- Tagged customer metrics, Golden Rule, happiness, Net Promoter system, NPS, service
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