Executive Sponsorship… is the Golden Ticket!

A couple of weeks ago I spent a few days in a conference room with the top Executives of my division. Our discussions where wholly focused on our loyalty programs, the data, action items, and how we can leverage our data to further improve our customer’s experiences and therefore increase our loyalty. I had a light bulb moment realizing that I am particularly fortunate to have the ears of these key leaders and that they are fully engaged in the loyalty program. They view the loyalty info as fundamental, rather than an afterthought or a bright shinny object that they can point to.

These meetings got me thinking about how many loyalty programs are destined for failure… or at least they’ll be marginalized in their success because of their lack of top Executive Sponsorship. Having the top Executive sponsorship allows countless synergies that cannot be listed here, but here are a few top benefits:

1) The Executives set the standard for the focus of the company. If they are really focused on customer loyalty and are using the data… ultimately so will everyone in the organization.

2) The Executives have the larger broader view of the business economics and can bring a valuable perspective to the loyalty data. In the end this will make the program much more successful with increasing loyalty.

3) The foundation of a great loyalty program is not collection and dissemination of the data, but rather the operational and strategic changes we make in our business based upon what the data is telling us… you NEED Executives to drive these changes!

4) When customers know that a loyalty program is being utilized by the Executive Team to drive operational and strategic changes, they are more likely to:
a. Take the survey and therefore increase sample response rates
b. Provide in-depth verbatim responses that help make the statistical information more actionable.
c. Respond when asked for more in-depth interviewing of their experiences.

Over the years that I have been running loyalty programs, I have had a mix of whether the programs were appropriately sponsored at the Executive level, but now that I have had exceptional Executive sponsorship over the last 2 years… it has convinced me of 2 things:

1) Having Top Executive Sponsorship…. is the Golden Ticket!
2) I really don’t want to run another loyalty program… unless I have the golden ticket!

Sincerely,
Chris Antonelli
FantasticFailures.com

Trackbacks Comments
  • Marty Graffi says:

    Couldn’t agree more. Of all the successful Customer Experience and Loyalty programs we’ve launched with clients over the years the majority have engaged executive sponsorship as well as cross functional departments. This is definitely the key to taking action on the feedback and implementing changes to their business processes as opposed to just listening to your customer.

Leave a Comment