How do I present ROI and customer learnings across tests for a program?
The structure of the database of test learnings is important for communicating to stakeholders and assuring that decisions and actions are documented correctly. It can be a cultural tool above all, as it is a recipe for changing culture, from a data foundation. Not just arm waving about the theoretical benefits of democratized decision making.
Use Cases:
LOTS to take away from this structure below. Most of the takeaways I'd think should effect how you communicate to stakeholders.
For example:
1. A loss can equal a save
2. A flat test can still be 'implemented' (a win, it confirmed smth)
3. It shows the emphasis on RELATIVE effects across tests, which isn't talked enough in our industry dialog. Accuracy is over rated IMO, Precision FTW.
4. A financial model is critical. Create a goal tree map, then do a model to translate this into relative potential revenue. Use for BOTH prioritization and for reporting like this. It changes the game.
5. But don't only present $ numbers, also pair EVERY TIME with customer learning sentences, to TLDR what it meant for your customer's behavior and/or perceptions.