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Net Promoter Community > New York Conference Blog 2007 > Tags > lyons
 

New York Conference Blog 2007

2 Posts tagged with the lyons tag

Simon Lyons, the global head of marketing and communication at Aggreko, Plc doesn’t care about any of the occasional criticism of the NPS metric by academics. “NPS is directionally-correct, and it’s so simple! Nothing else is so useful for focusing the entire organization on the customer!” During his presentation today, Simon showed a disguised example from Aggreko’s actual results showing a tight correlation between NPS performance and revenue growth.

Simon introduced a number of interesting frameworks during his talk. One simple and thought-provoking framework is illustrated below:

NPS_and_profit_margin.jpg

Simon accurately stresses the fundamental difference between looking at current financial results vs. NPS results: financial results tell you how the company did yesterday/today, while NPS tells you how well the company will be doing tomorrow. Financial results are lagging indicators, while NPS is a leading indicator.

Apparently, the Aggreko board “gets it” as, according to Simon, “the white-hot heat of the board is focused on any executive in the organization whose unit doesn’t do well on the NPS score.”

For more details, read about their Net Promoter program with Satmetrix.

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In the B2B track, we heard from Dr. Laura Brooks of Satmetrix, Martyn Christian of FileNet, and Simon Lyons of Aggreko. All of these presentations highlight key themes for success in realizing gains in NetPromoter scores that drive business results. The consistent themes of these speakers clearly demonstrate best practices that must be deployed to drive growth.

 

To start with Laura shares her research on the best practices observed in the Satmetrix customer base. By analyzing customers, she has found 4 key elements to success:

 

 

  • Executive foundation: This is not a vision or mission statement, but a way of doing business, led from the top. This means putting investment behind it and driving change throughout the organization. This is key to realizing the value of NPS. If your leadership is paying lip service to customer centricity, you will not see the value of NPS or any loyalty program.
  • Organizational alignment: We heard this as a key theme to Experian's success earlier today as Laura DeSoto shared the techniques they deployed to align the organization around delivering a superior customer experience. To what extent does every part of the organization really focus on the customer and how to you translate that to every employee's role?
  • System infrastructure: You need the supporting system infrastructure to enable the collection, analysis and accountability of customer insights. You must have the systems in place to deliver data quickly to every employee and make it actionable. We heard from several speakers today that traditional market research data is not timely enough to enable the organization to quickly respond to customer feedback.
  • Process integration: You must integrate the data into the natural flow of the business to truly drive customer centricity throughout the business.

Laura's presentation had much more insight into the best practices for moving your Net Promoter score. John Williams shares more in his posting "Measure Who Matters!"

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