The Trusted Guide Podcast with Mark Slatin

#160 Rethinking Valuation: Why Customer Metrics Matter More

The Trusted Guide Podcast with Mark Slatin

Show Notes

What if the financial metrics you rely on to measure your company's success are actually steering you away from long-term customer loyalty and sustainable growth? In our latest episode of the Delighted Customers podcast, live from Harvard Business School, I dive into this burning question with Rob Markey, professor at Harvard and seasoned veteran at Bain. Rob challenges the conventional wisdom around company valuation, urging us to look beyond the income statement and balance sheet, and instead, consider the real engine driving revenue—our customers. The impact of this discussion is huge: by focusing on customer behavior and relationships, leaders can uncover hidden risks, make smarter trade-offs between short-term gains and long-term health, and build models for enduring shareholder value. If you think financials are telling you the whole story, this episode will make you think twice. Why should you listen to Rob Markey? Rob doesn't just teach at Harvard Business School—he's one of the world's foremost experts on customer value, business strategy, and the metrics that really matter for growth. As co-creator of the Net Promoter System, his practical frameworks have transformed how organizations like Bain & Company help clients create true customer-centricity. Rob's guidance blends academic rigor with real-world experience, making complex ideas actionable for any business leader looking to future-proof their organization. Here are three compelling questions Rob answers on the show: Why are traditional accounting metrics like revenue and profit reporting missing the bigger picture of customer value?

How can C-suite leaders balance inevitable short-term pressures with decisions that build loyalty and drive long-term growth?

What specific steps can leaders take to re-evaluate their customer base and transform the way they forecast and measure company success?

Tune in now and subscribe for more thought-provoking episodes! Find the Delighted Customers podcast on Apple Podcasts and Spotify, or listen on any of your favorite podcast platforms. Make sure to leave a review to help spread the word to more customer-obsessed leaders. Meet Rob Markey Rob Markey is a professor at Harvard Business School and a globally recognized expert in customer strategy, business growth, and valuation. Before Harvard, Rob was a Senior Partner at Bain & Company, where he led Bain's global Customer Strategy & Marketing practice. He's best known as the co-creator of the Net Promoter System (NPS), which has revolutionized how businesses measure customer loyalty and advocate for customers at the heart of their growth strategy. Markey has consulted with hundreds of organizations worldwide, helping them shift from product-centric to customer-centric models. Rob's work bridges the gap between academic thought leadership and hands-on business advising. His Harvard course explores these crucial topics, training the next generation of leaders to see their customers—not just their financials—as the core asset of their business. Rob's mission is to help executives see—and manage—the trade-offs between short-term targets and the actions that secure long-term profitability and loyalty. His insights are published in leading journals and he is a sought-after speaker at global events. Rob's previous appearances on the show: #15: Pt. 1 – The Room Where It Happened: The Net Promoter Backstory with Rob Markey (Part 1) — Episode 15 Amazon Music

#16: Pt. 2 – Measuring and Managing Customer Loyalty in a Digital World with Rob Markey (Part 2) — Episode 16 podcastrepublic.net

#65: The 3 Dimensions of Customer Value Creation with NPS Co-Inventor, Rob Markey (Part 1 of 2) — Episode 65 Apple Podcasts+1

#66: Rob Markey on Building Consistent Loyalty Through Trust and Emotional Connection (Part 2 of 2) — Episode 66 Apple Podcasts+1

Connect with Rob Markey on LinkedIn. Show Notes & References Fred Reichheld & Net Promoter System: Net Promoter System

Rob Markey

More from The Trusted Guide Podcast with Mark Slatin

Oct 15, 2026

Smart leaders. Stalled change. Here's why: most leadership teams say they "support" customer experience — but support isn't the same as action. It's been over a dozen years since "Outside In" was written and Megan Burns shared the six CX disciplines as their working model. I was curious about what has changed since those days - what would she include today that wasn't in the book. In this episode, we dig into why "we need leadership support" is the wrong ask, what actually moves change forward (funding, policy shifts, real decisions), and why that truth exists alongside a harder one: leadership support is genuinely difficult to earn, and change leaders still need a real strategy to get it. We go behind the scenes of the 6 Disciplines customer experience maturity model from Outside In — why it was built on behavior instead of attitude, and which disciplines companies most often fake their way through (customer understanding, governance, and culture top the list). We also unpack engagement strategy: how to find the "power core" inside an organization, build coalitions, and win the small battles that make bigger change possible. And we close with the one question every CX leader should ask before diagnosing any gaps: what are we already doing right? Show Notes 🔗 Episode 41 — How Do We Activate Employees to Deliver Consistently Good, Strategically Amazing Experiences? https://bit.ly/4gUlJWB 📖 Book: Outside In https://amzn.to/4xcilMJ 🔗 Connect with Megan Burns https://www.linkedin.com/in/meganburns/ 🔗 CX Index — Forrester https://www.forrester.com/research/cx-index/ Topics covered: Why "leadership support" is the wrong ask — and what real action looks like The paradox: support is hard to get, but that can't become the excuse for inaction Building an internal engagement strategy: finding the "power core" and building coalitions The origin story of the 6 Disciplines maturity model (built at Forrester, 2010) Why "behavior, not attitude" was the core design principle The 6 disciplines: Strategy, Customer Understanding, Measurement, Design, Governance, Culture Where companies most often perform "superficially" (and think they're excelling) Why leadership and change management were intentionally left out of the original model — and what Megan would do differently today The one diagnostic question to ask before any CX gap analysis

Sep 10, 2026

Technology can help organizations move faster.

Aug 13, 2026

Why Good Ideas Get Blocked: The Trust Equation for Change Leaders with Charlie Green It pairs naturally with the thumbnail, names the recognizable framework, and makes the change-leadership application explicit. WHY GOOD IDEAS GET BLOCKED: THE TRUST EQUATION FOR CHANGE LEADERS WITH CHARLIE GREEN Why do strong ideas—with solid evidence and a compelling business case—still get blocked? Because leading change takes more than credibility, data, and ROI. It requires trust. In this episode, I’m joined by Charlie Green, founder of Trusted Advisor Associates and co-author of the landmark book The Trusted Advisor, to explore how the Trust Equation applies to change leadership. Charlie explains why the framework should really be called the “Trustworthiness Equation” and breaks down its four components: credibility, reliability, intimacy, and self-orientation. We discuss why leaders often overestimate the rational elements of trust and underestimate the power of emotional safety, genuine attention, and making people feel heard. I also share a costly leadership mistake from my banking career: I failed to fully explore one stakeholder’s reservations about a major initiative, and the resulting resistance sent our work sideways for three years. If you lead change without direct authority—or struggle to secure support for ideas you know can make a difference—this conversation will help you approach resistance, influence, and stakeholder relationships differently. IN THIS EPISODE, YOU’LL LEARN: • Why trustworthiness matters more than simply asking others to trust you • How the four components of the Trust Equation work • Why intimacy and self-orientation can matter more than credentials and reliability • How fear prevents leaders from asking the necessary follow-up question • Why “Tell me more” can transform resistance into collaboration • How to prepare thoroughly while remaining open to other perspectives • What it means to “detach from the outcome” • Why people need to feel heard before they will support change • How an overlooked stakeholder concern can derail an initiative • Why ROI and other rational measures rarely tell the whole story SHOW NOTES :

Jul 16, 2026

Most change efforts don't fail because of bad strategy. They fail because the people leading them are asking the wrong question. Seth Godin has written 21 bestselling books. He's built movements, challenged industries, and spent decades studying why some ideas spread and others die quietly in conference rooms. In this conversation, Seth cuts straight to what most change leaders get wrong — and what to do instead. You'll walk away with: A clearer way to think about strategy that actually holds up under pressure Why chasing ROI may be the thing killing your credibility — and what to say instead How storytelling works (and what has to happen after you tell it) What it really takes to lead change when you don't have the authority to force it This one stayed with me long after we recorded it. I think it'll do the same for you. 🎧 This Is Strategy by Seth Godin — linked in the show notes.

Jun 18, 2026

What if the real goal of customer experience isn't delivering better experiences at all? In this episode of The Trusted Guide Podcast, Mark Slatin sits down with Joe Pine, co-author of The Experience Economy and one of the most influential thinkers in customer experience and business strategy. Joe argues that we're entering the next stage of economic value creation—one where organizations create value not merely through products, services, or experiences, but by helping people become who they aspire to be. At the heart of this conversation is a powerful idea: transformation requires identity change. Together, Mark and Joe explore what this means for customer experience professionals, business leaders, and anyone responsible for leading change. If customers are ultimately seeking a better version of themselves, how should that change the way we design experiences, build relationships, and measure success? And what can change leaders learn from this insight when trying to influence stakeholders and drive organizational transformation? In this episode, you'll learn: • Why transformation is fundamentally about identity • The difference between experiences and transformations • What organizations miss when they focus only on customer satisfaction • How understanding identity can create deeper customer loyalty and engagement • Why successful change leadership requires helping people become, not just do Whether you're leading customer experience, organizational change, or business transformation, this conversation will challenge you to rethink what people are really seeking—and how leaders can help them get there.

See all episodes →