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Entries in leadership (6)

Wednesday
Jun162010

Customer credos, charters and public commitments: When are they a good idea?

I'm in London this week visiting some clients, working with some Bain teams, and attending the Net Promoter Conference.  During some of my meetings, a colleague pointed out that NatWest had just published a "customer charter" with 14 aspirational statements (link).  Hard to tell whether it's fundamentally a marketing positioning -- their tag line is "Helpful Banking" -- or something more.  It is certainly plastered all over their consumer home page today.

It seems many companies are busy publishing similar public commitments to their customers.  Out of curiosity I did a quick search on Google for "customer charter" and came up with a pretty long list of links.  Here are some of the first that came up.  They are from all over the (English language) world.  A few are almost silly, others seem quite thoughtful.

As I buzzed through these, I found myself wondering under what conditions a customer charter is a good idea.  Among the more compelling rationale I have heard executives use to explain their intent in adopting a customer charter:

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