The Ultimate Question: Driving Good Profits and True Growth

Hardcover
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Author: Fred Reichheld

ISBN-10: 1591397839

ISBN-13: 9781591397830

Category: Business Life & Skills

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One Question Can Determine Your Business s Future. Do You Know the Answer? CEOs regularly announce ambitious growth targets, then fail to achieve them. The reason? Their growing addiction to bad profits. These corporate steroids boost short-term earnings but alienate customers. They undermine growth by creating legions of detractors—customers who complain loudly about the company and switch to competitors at the earliest opportunity. Now loyalty expert Fred Reichheld shows how to reverse the equation, turning customers into promoters who generate good profits and true, sustainable growth. The key: one simple question—Would you recommend us to a friend?—that allows companies to track promoters and detractors and produces a clear measure of an organization s performance through its customers eyes. In industry after industry, this "Net Promoter Score" is the single most reliable indicator of a company s ability to grow. Based on extensive research, The Ultimate Question shows how companies can rigorously measure Net Promoter statistics, help managers improve them, and create communities of passionate advocates that stimulate innovation. Vivid stories from leading-edge organizations illustrate the ideas in practice. Practical and compelling, this is the one book—and the one tool—no growth-minded leader can afford to miss. The Washington Post Among management books, this one's a keeper.

1Bad profits, good profits, and the ultimate question32The measure of success233How the net promoter score (NPS) can drive growth394The enterprise story - measuring what matters595Why satisfaction surveys fail776The rules of measurement957Design winning customer strategies1178Deliver - building an organization that creates promoters1379Develop a community of promoters - by listening15510One goal, one number175App. AThe linkage between NPS and growth191App. BWinners and sinners for selected U.S. and U.K. industries195