Thursday, May 31, 2012

How Can American Express Help You?

Jim Bush was put in charge of call-center customer service for American Express. His basic insight was that breaking with industry orthodoxy by transforming those conversations into less structured, more human engagements would pay off.

Instead of evaluating service reps mainly by how quickly they got customers off the phone, as many companies still do, he switched to the net promoter score developed by Bain's Fred Reichheld. It's based on one question: would you recommend this company to a friend? AmEx's score has risen significantly under Bush's direction, and he was right - it pays off.

Customer spending is up, attrition is down. As AmEx's executive VP of world service, he oversees some 20,000 employees, about a third of the company's total. In a Q&A with Geoff Colvin, he talks about how the company has changed the way it trains service employees, the power of personality, turning collection calls into positive experiences, and much more.

Read the CNN article (so cool). 

Why Women Aren’t C.E.O.s, According to Women Who Almost Were

"It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .