The ultimate question driving good profits and true growth

Almost everyone appreciates the importance of customer satisfaction in business, but this book takes that idea to two extremes. First, it claims that customer satisfaction is more important than any business criterion except profits. Second, it argues that customer satisfaction is best measured by o...

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Main Author: Reichheld, Frederick F.
Published: Boston, Mass. Harvard Business School 2006
Subjects:
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020 0 0 |a 1591397839 
090 0 0 |a HF5415.5  |b .R439 2006 
100 1 0 |a Reichheld, Frederick F. 
245 1 4 |a The ultimate question  |b driving good profits and true growth  |c Fred Reichheld 
260 0 0 |a Boston, Mass.  |b Harvard Business School  |c 2006 
300 |a xi, 211p.  |b ill.  |c 24cm 
504 |a Includes bibliographical references (p. 197-198) and index 
520 |a Almost everyone appreciates the importance of customer satisfaction in business, but this book takes that idea to two extremes. First, it claims that customer satisfaction is more important than any business criterion except profits. Second, it argues that customer satisfaction is best measured by one simple question, "Would you recommend this business to a friend?" Pressure for financial performance tempts executives to seek "bad profits," that is, profits obtained at the expense of frustrating or disappointing customers. Such profits inflate short-term financial results, Reichheld writes, but kill longer-term growth. Only relentless focus on customer satisfaction can generate "good profits." One unambiguous question, with answers delivered promptly, can force organizational change, he claims. Reichheld makes a strong rhetorical case for his ideas, but is weaker on supporting evidence. The negative examples he gives are either well-known failures or generic entities like "monopolies," "cell phone service providers" and "cable companies." When presenting statistics on poor performers, the names are omitted "for obvious reasons." On the other hand, the positive examples are named, but described in unrealistically perfect terms. Believable comparisons of companies with both virtues and flaws would have been more instructive. 
650 0 0 |a Employee motivation 
650 0 0 |a Customer loyalty 
650 0 0 |a Leadership 
650 0 0 |a Consumer satisfaction 
650 0 0 |a Customer relations 
650 0 0 |a Employee loyalty 
999 |a 17432 
999 |a 17432  |b Book  |c General Collection  |e JKR Library