Customer Loyalty & Retention
Best Practice: Enterprise Rent-A-Car
How does a private company come out of apparently nowhere
to surpass the performance of such highly recognized Rental
Car stalwarts as Hertz and Avis, achieve revenues of over
$8 Billion a year, a fleet of over 600,000 vehicles, and market
leadership in North America?
Enterprise Rent-A-Car has done just that in becoming the
17th largest privately held company in the U.S., by aligning
their whole business system to deliver not just satisfaction
but “complete satisfaction” that has lead to extraordinary
levels of both customer and employee retention.
Every month Enterprise conducts statistically valid customer
satisfaction surveys in each and every one of its 6500 field
offices. And it doesn’t just conduct the surveys, it
lives by them. The company recognizes that a “completely
satisfied” customer is more than 3 times as likely to
return as a “satisfied” one. So results are tabulated
and constantly compared across field offices, resulting in
plans that improve performance outcome.
Key steps are taken to deeply ingrain a performance orientation
in the company’s culture. For example, there is recognition
that unless a branch is regularly marked in the upper half
of all offices, those running the branch are not eligible
for inclusion in the promotion pool. And since virtually every
new management employee at Enterprise gets their start in
the field branch offices, the pursuit of “complete satisfaction”
has been bred into every existing level of the company.
If you’d like to explore how you might leverage your
unique approach to the market in driving customer satisfaction
and loyalty into substantially increased business performance,
simply give us a call 203-256-9944, ext. 11. We’d love
to explore your needs.
Contact John Hawkins
for more information.