{"id":25734,"date":"2021-06-17T05:45:31","date_gmt":"2021-06-17T05:45:31","guid":{"rendered":"https:\/\/inmoment.com\/?post_type=glossary-terms&p=25734"},"modified":"2021-06-18T09:19:10","modified_gmt":"2021-06-18T09:19:10","slug":"what-is-nps","status":"publish","type":"glossary-terms","link":"https:\/\/inmoment.com\/xi-terms\/what-is-nps\/","title":{"rendered":"What is NPS"},"content":{"rendered":"
NPS also stands for the Net Promoter System\u00ae, a trademarked system and framework that was built around the Net Promoter Score<\/a>, a model that essentially tries to tie a corporation\u2019s bottom line with its customer happiness and satisfaction with the company\u2019s product and services, and aims at managing corporate profits and sustainability through a customer experience lens.<\/p>\n The Score and the System were developed by Fred Reichheld, the head of the customer loyalty practice at Bain & Co, a for-profit top-tier management and strategy consulting firm, along with his team.<\/p>\n The Net Promoter System is a model so like any model it\u2019s imperfect. Certainly, there is more to profit than customer happiness, but Bain proved NPS to be a good proxy for it in many cases<\/a>. The simplicity and intuitive nature of Net Promoter Score sparked its worldwide popularity.<\/p>\n\nFurther Reading<\/h2>\n\t\t\n\t\t