The Ownership Quotient: Putting the Service Profit Chain to Work for Unbeatable Competitive Advantage

The Ownership Quotient: Putting the Service Profit Chain to Work for Unbeatable Competitive Advantage
ISBN-10
1422110230
ISBN-13
9781422110232
Category
Business & Economics
Pages
225
Language
English
Published
2008
Publisher
Harvard Business School Press
Authors
James L. Heskett, Joe Wheeler, Earl W. Sasser

Description

Organizations worldwide have used a groundbreaking tool the service-profit chain to improve business performance. In The Ownership Quotient, the authors reveal the next level of thinking about the service-profit chain based on recent research into exemplar companies. Heskett, Sasser, and Wheeler extend the service-profit chain to include customer and employee "owners." Customer-owners are so satisfied with their experience that they relate their stories to others, persuade them to try a product, and provide constructive criticism and new product ideas. Employee-owners exhibit such enthusiasm for their organization that they infect customers with similar satisfaction, loyalty, and dedication. The lifetime value of a customer-owner is equivalent to that of a hundred merely typical customers. That makes the value of employees who promote customer-ownership priceless. Powerful and practical, The Ownership Quotient is your playbook for pushing performance to unprecedented levels.

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