The One Number You Need to Grow (HBR OnPoint Enhanced Edition) [DOWNLOAD: PDF] (Digital)

~ Frederick F. Reichheld (Author)

Editorial Reviews

Product Description

This is an enhanced edition of HBR article R0312C, originally published in December 2003. HBR OnPoint articles include the full-text HBR article plus a summary of key ideas and company examples to help you quickly absorb and apply the concepts. Companies spend lots of time and money on complex tools to assess customer satisfaction. But they're measuring the wrong thing. The best predictor of top-line growth can usually be captured in a single survey question: Would you recommend this company to a friend? This finding is based on two years of research in which a variety of survey questions were tested by linking the responses with actual customer behavior--purchasing patterns and referrals--and ultimately with company growth. Surprisingly, the most effective question wasn't about customer satisfaction or even loyalty per se. In most of the industries studied, the percentage of customers enthusiastic enough about a company to refer it to a friend or colleague directly correlated with growth rates among competitors. Willingness to talk up a company or product to friends, family, and colleagues is one of the best indicators of loyalty because of the customer's sacrifice in making the recommendation. When customers act as references, they do more than indicate they've received good economic value from a company; they put their own reputations on the line. The findings point to a new, simpler approach to customer research, one directly linked to a company's results.

Product Details

Do you have the free reader for this item?

• Format: Adobe Reader (PDF)
• Printable: Yes. This title is printable
• Mac OS Compatible: OS 9.x or later
• Windows Compatible: Yes
• Handheld Compatible: Yes. Adobe Reader is available for PalmOS, Pocket PC, and Symbian OS.
• File Size: 266 KB
• Digital: 12 pages
• Publisher: Harvard Business Review (March 3, 2009)
• Average Customer Review: No customer reviews yet. Be the first.
• Amazon.com Sales Rank: #1,089,308 in Books (See Bestsellers in Books)
• Required Free Software: Adobe Reader