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Management Consulting: What KPIs do you measure and realistic goals have you established for customer service?

  • Answer:

    Overall, based on my experience at BCG, I think consultants do too little in customer satisfaction arena. In best cases, the chief client officer on the account will send out a survey to key people at the client at the end of the year and also do a sit-down "account" review with the main client contact to get some feedback - these are supposed to be mandated. In practice, I've seen this done sporadically at best. I think most consultants think that if clients continue to buy, they are "happy enough," which kind of makes sense but is not a very good leading indicator: once the stop buying, it's too late to try and fix the problems that led to that decision. It is obvious that it's cheaper to retain a client than to lose them and try to win them back. Ways to improve it: the office head should mandate that all client relationships that are beyond one-off cases should be reviewed yearly and discuss the results with the client officer/principal/project leader team, making sure actionable steps are designed to improve client satisfaction and evaluation is done at regular intervals to see if they were taken. It may also help to send "more senior" partners not directly involved in work for that particular client to talk to the client and try to tease out some insight into the real state of things.

Olga Narvskaya at Quora Visit the source

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At we usually relied on to measure client satisfaction. There is more literature on NPS elsewhere, but it would be typical to send surveys to key client stakeholders/counterparts toward the end of a case or immediately afterward. NPS being a Bain-developed metric, the partners seemed to take it pretty seriously.

Naoya Kanai

Short answer is - it depends on what you mean by 'customer'. If a firm has fairly expensive / bespoke products or services and has small customer base of customers, the KPIs you are looking at would take on an account management flavor. In this case, you are looking at interaction KPIs such as frequency, recency and effectiveness of customer contact by the account manager, as well as account KPIs such as revenue diversity across sector / product, and the size of each account. An example of this is a manufacturing firm where the top 200 customers makes up half the sales volume. Salespeople (usually well-networked industry executives) track their contacts in a CRM, identify customers who know multiple members of the sales force and 'swarm' them by pitching value propositions. If a firm is working with standardised products / SKUs and selling in a B2C environment, the KPIs would be to manage the experience of your ultimate consumer. That would be customer interaction process KPIs such as time to resolution and first time resolution, warranty process KPIs such as warranties triggered by product and replacement lead times, and customer service perception KPIs such as the Net Promoter Score. What goals to pursue are a high level question which is hard to answer meaningfully without some context. But the approach I generally use is to mix business manager knowledge with reasonable data analysis, such as presenting seasonality effects in the forum where decisions for KPI targets are made.

Jason T Widjaja

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