| Once convinced of the need to measure and
manage customer feedback as rigorously as one measures
and manages profits, the next question is how to develop
an effective measurement process while avoiding the
pitfalls of satisfaction surveys. It isn't easy! Net
Promoter Scores may be simple in concept, but gathering
good data is hard work. It requires at
least as much effort and resources as many companies
currently spend (or squander) on
satisfaction surveys.
Companies should follow these seven principles when calculating NPS:
- Ask the Ultimate Question and very little else
- Choose a feedback scale that works and stick to it
- Aim for high response rates from the right
customers
- Report relationship data as frequently as
financial data
- Use granular data to make employees more accountable
- Audit to ensure accuracy and freedom from bias
- Validate that scores link to behaviors
Find out more about the 7 rules of
measurement in chapter 6 of The Ultimate
Question.
Buy it now on BarnesandNoble.com
If organizations take seriously the goal of turning
customers into promoters, then they must take seriously
the need to measure their success. As these rules of measurement
become more widely practiced, the hope is that they will evolve
into a set of generally accepted relationship measurement principles
that can focus organizational energy on relationship quality in the
same way that the science of accounting has focused us on profits.
Over time, indeed, more and more investors
and board members may come to demand an audited set of
relationship metrics that accord with the rules of
measurement detailed in The Ultimate Question.
One's initial impulse may be to balk at the investment
required to generate solid NPS metrics, but consider how
much most organizations now spend tracking and auditing
accounting profits, which can provide only a look in the
rear-view mirror. Net Promoter Scores not only help companies
see the future, they help them manage it to improve
performance. NPS can show companies how to grow. Learn
how listening to your customers can drive growth
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