Domenico Azzarello, Bain & Company
Domenico, partner in Bain’s Paris office, kicked off the afternoon with a discussion about the importance of Net Promoter economics, and approaching it as a transformation program. He highlighted the important connection of Net Promoter with key economic factors including:
1. customer tenure
2. level of spend
3. recommendations
4. price premium
We had some discussion earlier in the day about how companies can figure out how much impact word-of-mouth has in their business. Domenico showed a good example of positive and negative word of mouth economics, which led to some good questions about how you go about quantifying the WOM factor in your business.