{"id":2413,"date":"2022-03-16T15:54:18","date_gmt":"2022-03-16T15:54:18","guid":{"rendered":"https:\/\/www.chatterresearch.com\/?p=2413"},"modified":"2023-03-03T13:30:27","modified_gmt":"2023-03-03T18:30:27","slug":"so-your-nps-is-72-whats-your-point","status":"publish","type":"post","link":"https:\/\/www.chatterresearch.com\/so-your-nps-is-72-whats-your-point\/","title":{"rendered":"So, your NPS is 72 \u2013 what\u2019s your point?!"},"content":{"rendered":"<p>[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1652993407993{margin-top: 100px !important;padding-right: 15% !important;padding-left: 15% !important;}&#8221;][vc_column][vc_column_text css=&#8221;.vc_custom_1659040080360{padding-bottom: 20px !important;}&#8221;]<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #ae00c3;\">BLOG<\/span><\/p>\n<h1 style=\"text-align: center;\"><span style=\"color: #0f1629; font-size: 55px; font-weight: bold;\">So, Your NPS is 72 &#8211; what&#8217;s your point?!<\/span><\/h1>\n<p>[\/vc_column_text][vc_column_text el_class=&#8221;blog_author&#8221; css=&#8221;.vc_custom_1652730596280{margin-bottom: 60px !important;}&#8221;]<strong>by Zack Hamilton<\/strong>[\/vc_column_text][vc_single_image image=&#8221;2872&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; qode_css_animation=&#8221;&#8221; css=&#8221;.vc_custom_1652730826094{margin-bottom: 60px !important;}&#8221;][vc_column_text]I remember one of my very first Zoom meetings as an executive advisor. It was with the CEO of a very large North American retailer. This brand is considered one of the top experiential brands in the world, and up until that point, we seldom had the opportunity to engage with any member of their executive leadership team.<\/p>\n<p>Our account leader opened the call and set the objectives for the meeting. Very quickly, the CEO of this retailer spoke up: \u201cWe have a <a href=\"https:\/\/www.chatterresearch.com\/what-is-nps\/\">NPS<\/a> of 72, I\u2019m not sure what value this call will provide.\u201d At that moment, our team froze. Except for me.<\/p>\n<p>I replied, \u201cSo what?\u201d (The silence was deafening).<\/p>\n<p>I continued, \u201cI couldn\u2019t care less what your <a href=\"https:\/\/www.chatterresearch.com\/what-is-nps\/\">NPS<\/a> is. When I look at your text analytics, the topics that are negatively impacting your experience this quarter have been trending negative for the last 18 months. Which means, your brand could be providing a significantly better experience that deepens your moat and accelerates your competitive differentiation.\u201d<\/p>\n<p>That got his attention. I saw his demeanor change. He was engaged. And the questions continued for another 45 minutes \u2013 well beyond our 30-minute scheduled meeting.<\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"blogh2\"><span style=\"color: #5a84ff;\">The problem: executive leaders are too fixated on the score<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>This CEO is not alone. As a matter of fact, this is a common sentiment among many CEOs I\u2019ve spoken to throughout my career. For more than two years, I spent hundreds of hours on Zoom calls with executive leaders discussing the value (or lack thereof) of their experience strategy.<\/p>\n<p>The two most common questions I would receive from leaders were:<\/p>\n<ul>\n<li>What is our <a href=\"https:\/\/www.chatterresearch.com\/what-is-nps\/\">NPS<\/a>?<\/li>\n<li>How does it compare to X, Y, and Z competitors?<\/li>\n<\/ul>\n<p>It\u2019s not that these questions are bad by any means, but they do encourage certain behaviors among the experience team \u2013 specifically, a maniacal focus on the score. All too often, experience professionals are tasked with goal setting (increase our NPS by 2 points by the end of a specific time period) that leads to assigning specific NPS goals\/targets per location.\u202fThis is a limiting approach that is hurting their overall customer experience.<\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"blogh2\"><span style=\"color: #5a84ff;\">Additional problem: NPS is impacted by many factors<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>In the last two years alone, we have seen digital experiences, labor shortages, and supply chain issues (to name a few) significantly impact NPS scores. The challenge with NPS being the only focus of an organization is that no specific leader or employee can control the score.<\/p>\n<p>Additionally, when asked for competitive benchmarks on brand NPS, there are too many variables regarding how companies engage with consumers to understand their score. How close to the experience are they engaging their customers? Which communication methods are being used? In which order are survey questions being presented? Then there are the additional aesthetics of the survey, with colors and tags that encourage a different score. Also, don\u2019t get me started on the overall gamification from the frontline by asking for a 10 in order to hit the desired outcome.<\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"blogh2\"><span style=\"color: #5a84ff;\">Which questions should CEOs and brand leaders actually be asking?<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>The world\u2019s leading experiential brands with the deepest moats use customer feedback as a lever for CX innovation. Leading brands also understand the impact of focusing on internal improvements and benchmarking against themselves in order to deliver better experiences and enrich the lives of their customers every day. This is why customers love these brands.\u202fOne great example would be Amazon.: during the 2018 Economic Club lunch in Washington DC, Jeff Bezos discussed the importance of obsessive focus on the customer versus obsession on the customer.<\/p>\n<p>These brands are asking, \u201cWhat actions have we taken based on the feedback we have received from our customers?\u201d \u201cWhat are the business outcomes these actions have created?\u201d<\/p>\n<p>Experience leaders should not be focused on \u201cimproving the score\u201d as their annual goal. They should be focused on ensuring everyone within the organization has access to customer feedback to ensure the customer is being prioritized throughout every initiative and goal-setting session.<\/p>\n<p>An experience leader should be focused on increasing same-store sales, reducing customer churn, improving operational performance, and improving the lives of employees who are responsible for delivering great experiences. The best experience leaders are focused on influencing the organization, and by default, the NPS score will reflect the level of influence and actions taken by your organization.<\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"blogh2\"><span style=\"color: #5a84ff;\">Shifting the experience professional mindset<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p>When CEOs shift their mindset from \u201cscore-focused\u201d to \u201caction-oriented,\u201d experience professionals will need to show up differently. They will need to use a different set of skills, like understanding and connecting the dots from \u201chere\u2019s what we are hearing\u201d to which stakeholders will take action.[\/vc_column_text][vc_separator type=&#8221;normal&#8221;][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1652814423875{padding-right: 20px !important;padding-left: 20px !important;}&#8221;][vc_column][vc_column_text css=&#8221;.vc_custom_1652731048415{margin-top: 50px !important;margin-bottom: 50px !important;}&#8221;]<\/p>\n<h3><span style=\"color: #5a84ff;\">Here is a framework leading experience professionals are using to shift the way they engage with stakeholders across the organization:<\/span><\/h3>\n<p>[\/vc_column_text][vc_column_text]The red box is how experience professionals align experience strategy with business strategy to accelerate the delivery of positive business outcomes. Which questions do the business stakeholders need to be answered?\u202f\u202f[\/vc_column_text][vc_single_image image=&#8221;2423&#8243; img_size=&#8221;large&#8221; onclick=&#8221;link_image&#8221; qode_css_animation=&#8221;&#8221; css=&#8221;.vc_custom_1647463735148{padding-top: 25px !important;padding-bottom: 25px !important;}&#8221;][vc_column_text]<strong><a href=\"https:\/\/www.chatterresearch.com\/wp-content\/uploads\/2023\/02\/Chatter-by-Stingray-Experience-Professionals-Influencing-Plan.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a><\/strong> for a free copy of the influencing framework for experience professionals.[\/vc_column_text][vc_column_text css=&#8221;.vc_custom_1652731317883{margin-top: 50px !important;margin-bottom: 50px !important;}&#8221;]<\/p>\n<h3><span style=\"color: #5a84ff;\">Here is how leading experience professionals communicate the impact of experiential data during executive leadership meetings:<\/span><\/h3>\n<p>[\/vc_column_text][vc_single_image image=&#8221;2422&#8243; img_size=&#8221;large&#8221; onclick=&#8221;link_image&#8221; qode_css_animation=&#8221;&#8221; css=&#8221;.vc_custom_1647624520644{padding-top: 25px !important;padding-bottom: 10px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1647624546290{margin-top: 10px !important;}&#8221;]In this overview, experience professionals are explaining how customer and employee feedback data is used, while connecting the dots to business outcomes achieved by leveraging said feedback. This is a great opportunity to not only discuss wins, but also engage with executive stakeholders regarding additional prioritizations or investments.[\/vc_column_text][vc_separator type=&#8221;normal&#8221; up=&#8221;90&#8243;][\/vc_column][\/vc_row][vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1652735611244{margin-top: 20px !important;margin-bottom: 50px !important;padding-right: 20px !important;padding-left: 20px !important;}&#8221;][vc_column width=&#8221;1\/6&#8243; el_class=&#8221;blog_footer_picture&#8221;][vc_single_image image=&#8221;2773&#8243; img_size=&#8221;full&#8221; onclick=&#8221;custom_link&#8221; img_link_target=&#8221;_blank&#8221; qode_css_animation=&#8221;&#8221; link=&#8221;https:\/\/www.linkedin.com\/in\/zackhamilton\/&#8221; el_class=&#8221;social-linkedin&#8221;][\/vc_column][vc_column width=&#8221;2\/3&#8243; css=&#8221;.vc_custom_1652814315535{margin-top: 50px !important;}&#8221;][vc_column_text]<\/p>\n<h5 style=\"color: #ae00c3;\">Connect with Zack for a chat<\/h5>\n<p>Zack Hamilton<br \/>\nSenior Vice President, Chief Experience &amp; Strategy[\/vc_column_text][vc_column_text]<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-2774\" src=\"https:\/\/www.chatterresearch.com\/wp-content\/uploads\/2022\/01\/blog_twitter_1x.webp\" alt=\"\" width=\"35\" height=\"35\" title=\"\"> <img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-2775\" src=\"https:\/\/www.chatterresearch.com\/wp-content\/uploads\/2022\/01\/blog_linkedin_1x.webp\" alt=\"\" width=\"35\" height=\"35\" title=\"\">[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row css_animation=&#8221;&#8221; row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; z_index=&#8221;&#8221; css=&#8221;.vc_custom_1652993407993{margin-top: 100px !important;padding-right: 15% !important;padding-left: 15% !important;}&#8221;][vc_column][vc_column_text css=&#8221;.vc_custom_1659040080360{padding-bottom: 20px !important;}&#8221;] BLOG So, Your NPS is 72 &#8211; what&#8217;s your point?! [\/vc_column_text][vc_column_text el_class=&#8221;blog_author&#8221; css=&#8221;.vc_custom_1652730596280{margin-bottom: 60px !important;}&#8221;]by Zack Hamilton[\/vc_column_text][vc_single_image image=&#8221;2872&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; qode_css_animation=&#8221;&#8221; css=&#8221;.vc_custom_1652730826094{margin-bottom: 60px !important;}&#8221;][vc_column_text]I remember one&#8230;<\/p>\n","protected":false},"author":14,"featured_media":2904,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-2413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/posts\/2413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/comments?post=2413"}],"version-history":[{"count":51,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/posts\/2413\/revisions"}],"predecessor-version":[{"id":5437,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/posts\/2413\/revisions\/5437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/media\/2904"}],"wp:attachment":[{"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/media?parent=2413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/categories?post=2413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chatterresearch.com\/wp-json\/wp\/v2\/tags?post=2413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}