real-world template to calculate the lifetime value impact of improving first response time by X%
I want to walk you through a real-world template I use when I need to quantify how improving first response time (FRT) — by any given percentage — will affect customer lifetime value (LTV). This is the kind of modelling that turns CX initiatives from "nice to have" into board-level priorities. I’ll share the assumptions I typically make, the step-by-step calculation, and a ready-to-use table example so you can plug in your own numbers.Why...