Fred Reichheld: the Godfather of customer loyalty

Fred Reichheld is a legend in the field of customer loyalty. If
you’ve ever received a text or email asking to rate a product or
service, you can thank Fred for that. Although the system isn’t
without its critics, it’s estimated that NPS (Net Promoter Score)
is now used by two-thirds of Fortune 1000 companies.


Since its initial development in the early ‘90s, Fred developed
the NPS system to measure how likely customers were to recommend
a company to a friend. His latest book, Winning on Purpose: The
Unbeatable Strategy of Loving Customers, builds on the early
system and is a must-read for any businessperson pursuing
sustainable success.


We talk to Fred about the good and the bad of the NPS system, how
it’s developed over time, how NPS is a key indicator for the
quality of a company’s leadership and much more.


Here's what we discussed:





What would a younger you say about your success? (00:14)

Could you give us an overview of your career? (01:00)

Where did your passion for customer loyalty come from?
(02:32)

How much has the NPS changed since you first came up with the
concept? (05:04)

Could you give some examples of companies that you feel have
done NPS in the right way? (16:51)

Have you noticed differences in the application of NPS across
the world? (22:31)

Would you say there is a direct correlation between NPS and
good leadership at a company? (24:45)

Who are the most inspiring business leaders you've met?
(30:30)

Have you noticed a dip in overall customer service since the
pandemic? (34:05)

The Good News Postcard: What is your advice to your younger
self? (38:40)

What makes a great business leader? (40:16)






Thanks to Finley from the Jill Dando News for bringing us The
Good News Postcard this week. Get your dose of positive news by
visiting The Good News Post, a website collated by hundreds of
young people aged 8 to 18 in the UK. They've written real-life
“news that’s good for you”, covering people, animals, stories to
cheer people up, and tips to make lives better.


Be sure to subscribe to the podcast and the Business Leader
YouTube channel for more interviews with some of the world’s
leading business figures.


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