To read this content please select one of the options below:

Tools for converting consumers into advocates

John Blasberg (Partner with Bain & Company in Boston and leads the firm's North American Consumer Products Practice, (john.blasberg@bain.com))
Vijay Vishwanath (Boston partner, leads the firm's Global Consumer Products Practice, (vijay.vishwanath@bain.com))
James Allen (Partner in London, co‐leads the firm's Global Strategy Practice, (james.allen@bain.com))

Strategy & Leadership

ISSN: 1087-8572

Article publication date: 7 March 2008

2631

Abstract

Purpose

Executives need a more advanced tool for examining consumers' loyalty, one that provides a sharper, more precise view. this paper aims to introduce such a tool.

Design/methodology/approach

The paper looks at Bain's Net Promoter Score (NPS).

Findings

The paper finds that the tool needs to focus not on satisfaction and market share but on consumer advocacy, which is key to creating enthusiastic consumers who come back to buy offerings again and again – and are happy about doing it. Bain's NPS can reveal whether consumers identify emotionally with a brand and feel listened to and understood by the company that makes it. NPS scores help identify groups of consumers who feel well served by your product and groups that do not, whose needs you can then probe further. NPS opens a window into how well mass brands are actually serving profitable consumer segments, as opposed to catering to a statistically “typical” consumer who exists only in theory.

Practical implications

Because NPS scores help uncover determinants of future behavior, they provide a much better basis for spotting product weaknesses, evaluating a brand's health and helping gauge whether new products will succeed.

Originality/value

By producing and evaluating NPS data on a regular basis, organizations can institutionalize a cultural shift, making consumer metrics just as practical and auditable as financial metrics like profit and return on equity. They can make performance in the eyes of consumers just as critical a goal as financial performance.

Keywords

Citation

Blasberg, J., Vishwanath, V. and Allen, J. (2008), "Tools for converting consumers into advocates", Strategy & Leadership, Vol. 36 No. 2, pp. 16-23. https://doi.org/10.1108/10878570810858176

Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

Related articles