Net Promoter Score (NPS)
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Pro Tip
Do not let NPS sit in an isolated dashboard. Implement a 'Closed-Loop Feedback' protocol where account managers are systematically flagged to contact any Detractor within 24 to 48 hours of survey submission to resolve their issues and prevent churn.
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Did you know?
NPS was introduced in 2003 by Fred Reichheld of Bain & Company in his landmark Harvard Business Review article, 'The One Number You Need to Grow.' His research proved that in most industries, a company's Net Promoter Score explained a significant portion of its organic revenue growth rate relative to competitors.
References
📖Difficulty:Beginner
For informational purposes only. This tool does not constitute financial advice. Consult a qualified financial adviser before making investment or financial decisions.
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