Business
“In times of crisis, as leaders, we often want to clamp down—command and control. We go into bunker mode.” However, customer loyalty is best built by closing the distance between a brand's leadership and the front lines of employees and customers, explains Rob Markey of Bain & Company. We discussed all of this and more on this week’s episode of the On Brand podcast. About Rob Markey Rob Markey is a partner in Bain & Company’s New York office and a leader in the firm’s Customer Strategy & Marketing practice. He is an expert in customer and employee loyalty, new product development, and customer service strategies. Rob leads the NPS Loyalty Forum, a group of approximately 35 senior executives from loyalty-leading companies around the world, such as The Vanguard Group, American Express, JetBlue, Telstra, TD Bank, LEGO, Progressive Insurance, PwC, and Intuit. He has published numerous articles on various aspects of customer experience and loyalty in publications such as the Harvard Business Review. He is the co-author of The Ultimate Question 2.0: How Net Promoter Companies Thrive in a Customer-Driven World, by Harvard Business Review Press, a New York Times and Wall Street Journal bestseller. Rob earned an MBA from the Harvard Business School. Episode Highlights How can brands build loyalty in times of crisis? “The brands that are succeeding are those that give their employees and customers a voice,” Rob shared. Leadership lessons from Stanley McChrystal. Recently, Rob had the opportunity to interview General Stanley McChrystal on his podcast. “In a crisis, the biggest mistake you can make is to assume you know the conditions on the ground.” Here's a link to the interview and the podcast. There are four mechanisms for opening communication between leadership and the front lines. Actually, Rob shared six but we spent a lot of time talking about the value of structured listening, small huddles of employees, and direct follow up with individual customers. What brand has made Rob smile recently? “I'm doing a lot of cooking lately so Williams Sonoma.” Rob shared a story about how the found him with the right product, in the right place, at the right time. I pointed out that smiles are contagious and went and connected Williams Sonoma as well. To learn more about Rob, check out his writing on the Bain & Company website and his recent work on customer value. As We Wrap … Did you hear something you liked on this episode or another? Do you have a question you’d like our guests to answer? Let me know on Twitter using the hashtag #OnBrandPodcast and you may just hear your thoughts here on the show. On Brand is sponsored by my book Brand Now. Discover the seven dynamics to help your brand stand out in our crowded, distracted world. Order now and get special digital extras. Learn more. Subscribe to the podcast – You can subscribe to the show via Apple Podcasts, Stitcher, Google Play, TuneIn, and RSS. Rate and review the show – If you like what you’re hearing, head over to Apple Podcasts and click that 5-star button to rate the show. And, if you have a few extra seconds, write a couple of sentences and submit a review. This helps others find the podcast. OK. How do you rate and review a podcast? Need a quick tutorial on leaving a rating/review in iTunes? Check this out. Until next week, I’ll see you on the Internet!