March 9, 2011 CUSTOMER EXPERIENCE PARTNERS WEEKLY EMAIL SERIES (To be added
to our distribution list email: pruden-vavra@customerexperiencepartners.com) They Say They’ll Recommend You, So What?
The annual Net Promoter Industry
Benchmarks were recently reported. It’s probably not all that surprising that USAA (87%), JetBlue Airways (60%), and
American Express (56%) were the big winners in their categories. As you may know, the Net Promoter Score (NPS) asks
consumers about their "willingness to recommend" a given brand and provides an overall score by subtracting the
number of ‘bottom-box’ responses (a 6 or lower) from the number of ‘top-two-box’ (9 or 10) responses.
In this national study 22,000 U.S. consumers were asked to rate 170 individual brands encompassing a wide variety of industry
sectors. And, in case you’re wondering, yes it is pos-sible to get a negative NPS score, just ask HSBC Bank (-13%) or
Citigroup (-6%). Is
that all you really need? We
might argue, as some have, despite Fred Reichheld’s (the creator of NPS) confidence in recommendation that it is no better than asking consumers about their intention to repurchase or their overall satisfaction with
a brand. Or we could challenge, as others have, that willingness to recommend
doesn’t correlate very well with the actual behavior of
recommending. - - But there’s actually a much more troubling issue that must be addressed regarding the strategic value
of NPS as the "Ultimate Question" and therefore the only ques-tion you needed to be asked. The fact is that if you
are anything other than one of the category leaders, and you desire to improve the experience that you are providing your
customers, then you need much more information than you can get from NPS’s single question. You need an objective under-standing
of the total experience
you are providing to your
customers. This understanding can only come from an examination of each and every touch-point (major points of interaction), and the experiential components compris-ing each touchpoint. We believe these elements are the building blocks that customers use to consciously
or sub-consciously evaluate their experiences with any organization to determine whether or not to use that business again.
Setting
Improvement Priorities Without
that customer feedback data there is no way for management to know how they stack up to customer evaluations, and most importantly
no way to know what changes in process, policies, training, physical environ-ments, or customer communications should get
the top priorities as budget-ing takes place. To learn more about optimizing the customer experience please call us or visit
our website, www.customerexperiencepartners.com.
Number XI-X
|
 |
 |
 |
|
Enter content here
|
 |
|
Enter content here
|
 |
|
Enter content here
|
|