Beyond NPS – driving a business forward with practical, tangible insights

February 20th, 2020 by Colin Buckingham

For many large organisations, insight is a function embedded in the structure of the business. However, if you are not a huge, global organisation with a team of trained insights professionals sourcing consumer perspectives of your brand, it can be difficult to know where to begin with gaining insights, let alone actioning them across the business. Small and medium companies – those with fewer than 250 employees – account for 99.9 per cent of UK businesses in the private sector*, but many of them think market research is only for giant businesses and big budgets.

With this in mind, I took to the stage with Paul Webb, CEO of Synectics, at Quirk’s London to talk about how we embedded customer centricity at the heart of their business. Synectics is a UK based, AIM listed company working on the global design, integration, and support of advanced security and surveillance equipment to companies around the world. It’s a really smart, specialist technology business which punches way above its weight in the global market.

Despite previous bad experiences of working with consultants, the Synectics management board realised that they had reached a critical point in the group’s evolution and made a conscious decision to take a different approach and gain an external viewpoint in order to deliver a clear and focused strategy.

To help re-define the company’s direction, the Rainmakers approach was to begin with an external perspective and to put the customer at the heart of Synectics’ business model. We conducted in depth interviews with customers around the world and also with key stakeholders within the business, along with detailed market and competitor analysis. A series of workshops throughout the programme – some more structured with a wider management group, others informal or impromptu with a core team – enabled us to develop the strategy iteratively and ensure that the plans we put in place were viable to execute as well as being fully aligned with customer needs.

This work had three key outcomes:

• Starting from a legacy of previously disparate and in some cases acquired businesses, we aligned the company’s offer around two core propositions and simplified the brand architecture.
• We identified some major growth opportunities for the business, including the expansion of the group’s US based Gaming specialism into the Asian market, where Synectics has subsequently enjoyed huge success.
• We guided an internal restructuring, driven by customer needs and market opportunities. The business was reorganised around the two core propositions and business models, and regional service hubs were located to maximise the global market reach achievable with the group’s resources.

As we built on this work over time, we established a constant dialogue with customers. In 2016, this expanded into Synectics’ Customer Excellence programme. This collects the metrics you need to improve your customer service – NPS scores (willingness of customers to recommend you), the importance of different aspects of the product and service offer to customers, and Synectics’ performance on each of those.

What’s really impressive about this programme though is the way Synectics have worked with their customers to share, action, and improve the results. They have fed back the findings very openly and directly to customers, acknowledging honestly what needed to be addressed as well as absorbing the praise for their strong points. They told their customers what they were going to do to improve, committed the resources needed to make it happen, and reported back on a regular basis. A true programme of continuous action and improvement, not just the words.

As a result, the core NPS metrics have risen every year, performance on key drivers has improved, and 80% – yes, eighty per cent – of Synectics’ customers say that they view Synectics are their preferred long-term partner for future needs.

So, what advice can we give to other medium-sized companies to ensure they can make full advantage of insights?

1. Have a clear road map for growth
   Make sure you have a step by step structure for a programme of strategic work that is easy for everyone to navigate. The journey should be tangible and transparent.
2. Treat the relationship as a partnership
   The market research industry constantly refers to ‘suppliers’ and ‘vendors’ but the best work is done in a partnership between client and agency. When you work with your agency as an extension of your team, integrated in the business, they will drive the best impact and own the outcomes.
3. Take the long view
   A successful client-agency relationship should have shared goals at its heart. Lay out the aims of the project clearly at the offset so you can work together to achieve them. Work on the basis that you’re going to be around together for long enough to see the consequences of the decisions you make.
4. Communicate, communicate, communicate
   The communication of insights internally is essential to unlock the true ROI of research, but communicating research results in the right way with customers is also essential. It’s important to use feedback loops to get better at what you do.
5. Put the customer at the centre
   Whether B2C or B2B, small or gigantic, it’s vital to put the customer at the heart of your organisation. If you don’t know your customer, you never really know your business. Internal stakeholders may have a number of different opinions about the best direction for the business to take, especially in industries where it’s possible to meet regularly with customers. These internal perspectives are extremely valuable, but it’s the customers’ opinions that really matter.

Synectics initially brought Rainmakers in as consultants for a period of six months, but after the impactful work we achieved together we have now been in a partnership for eight years. The customer continues to be at the heart of the business as we collaborate on a series of work streams, through business strategy and planning, customer excellence, and innovation, connecting a number of elements to drive the business as a whole.

Regardless of company size or audience, Synectics shows that practical, tangible insights can and should be accessible and actionable for all businesses, not just giants, in order to drive positive change.

*Federation of Small Businesses, 2018

« Back to Blog

Suggested posts for you:

The new mentality of small business owners

Reading Time: 3 minutesWe know that small businesses are now growing again: the number of VAT registered small businesses is…

LEARN MORE

Exciting news from Rainmakers CSI

Reading Time: < 1 minuteWe are excited to let you know that we are now part of STRAT7, the global strategic…

LEARN MORE