HBR Highlights the Bad Profit Problem
More and more people are recognizing
corporations'
addiction to bad profits - and the need to
kick the
habit. In the June 2007 edition of the
Harvard
Business Review, for instance, Gail
McGovern and
Youngme Moon highlight the addiction in an
article
titled "Companies and the Customers Who Hate
Them." The authors catalogue several of the
sectors
in which customer-unfriendly practices have
become
industry standard, including retail banking,
rental cars,
mobile phones, credit cards, and health
clubs. They
also point out that new entrants to these
industries
are rapidly gaining share by adopting
customer-friendly polices.
Keep reading Fred Reichheld's latest blog
New Job Postings
Newsletter Managed by
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Greetings,
You know your company's Net Promoter Score. Now
what? In this month's newsletter, we
introduce Jeanne Bliss, our newest Net Promoter
blogger, and author of Chief
Customer Officer. She provides you with 5
specific
"now what?" actions.
Read on for two more new blogs by Fred Reichheld
and Scott Smith. And, learn three more reasons to
attend the European Net Promoter Conference
(June 27
& 28, 2007), read the
latest customer loyalty-related job posts and
see what the job board has to offer, and join
in the
latest discussion forum topics.
Please contact
us with any questions or comments.
Sincerely,
The Net Promoter Team
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Three More Reasons to Attend the Net Promoter Conference
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If you've yet to register for the European
Net Promoter Conference, taking place at The
Sheraton Park Lane Hotel in London, June 27 &
28, 2007, here are some reasons you don't
want to miss this event. (Check
out the full programme for all
sessions.)
#1: Hear the Latest from Fred Reichheld.
You've heard him tell you why your company
should use Net Promoter (listen
to an audio clip of Reichheld from the last
conference on the motivation behind the
creation of the metric). Now
hear his latest thinking on how Net Promoter
can help your company break down
organizational barriers that inhibit growth.
#2: Learn from the World's Biggest Net
Promoter Proponent. GE is the world's biggest
proponent of Net Promoter, and CEO Jeff
Immelt says "this is the best customer metric
I've ever seen." Learn how Net Promoter
helped GE Real Estate develop superb
relationship management as a differentiator
in the face of hyper-active competition.
#3: Hear How a Global Bank Went from "So
What?" to "Wow!" Learn how HSBC used Net
Promoter in their customer and market
segmentation to improve the customer
experience for detractors and passives, and
how this leading financial institution
created a link between customer loyalty and
growth, thereby enhancing their ability to
impact customer groups and business lines
around the world.
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We Know Our NPS. Now What?
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"Net Promoter can break through and
drive the change... but ONLY if you break the
cycle of what is done with the information
you receive." - Jeanne Bliss, Author
of Chief Customer Officer
Any time business asks a customer how they're
doing it should be for the purpose of action
on that information. But that's just not
happening today. Heck, companies are so
exhausted and numbed from customer survey
collection that just getting the report out
is considered a great feat.
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Customer Loyalty Job Board - Check It Out
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We've partnered with Job Target, a leading
career site services company that manages
more than 1,000 targeted career sites, to
create the new Customer Loyalty Job Board. If
you're seeking a new position or looking to
hire a customer loyalty expert, take
advantage of the new offering. For the
next 90 days, employers can enjoy free, unlimited
job posts. Explore what the job board
has to offer:
- Post a job
- Create an employer account
- View resumes
- Post an anonymous resume
- View jobs
- Receive job alerts
- Create a job seeker account
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The World Is Not Flat
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CRM solutions are intended to track a 360
view of customers. What does this mean?
Judging by the marketing literature supplied
by CRM vendors, a 360-degree view would offer
a complete view of the customer corridor
throughout the sales cycle: from the
customer's initial touch and transaction
history through the marketing program and on
to the purchase decision - with some
predictive analytics thrown-in for good measure.
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Discussion Forum
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Join the "Who Is Using Net Promoter?"
discussion forum: answer a question or ask
one. (Note: viewing posts requires brief
registration.)
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