Wednesday, May 6, 2020
The Relationship Between Customer Loyalty and Satisfaction
The Relationship between Customer Loyalty and Satisfaction Introduction In the past decades, there was a controversial issue about the relationship between customer loyalty and satisfaction. Actually, it is still a heated debate nowadays. Some people said that customer satisfaction bring customer loyalty, while some people believed that customer loyalty affect customer satisfaction. Interestingly, very few executives and managers understand the critical difference. The purpose of this paper is to find the relationship between customer loyalty and satisfaction and how should companies do to build loyalty. According to some previous researches, we found that customer satisfaction is just one of the factors of affect customer loyalty.â⬠¦show more contentâ⬠¦The most common qualitative techniques are personal interviews and focus groups.Quantitative research is used to determine and predict the attitudes, opinions, and behavior of the market based on a scientific sampling. Web/e-mail and telephone surveys fall into this category. And the quantitative research is better to research the relationship between the customer loyalty and customer satisfaction. For example, one university want to survey the students to the school canteen satisfaction and loyalty. They use survey to collecting material. There have three questions to understand the student to the canteen satisfaction evaluation. The three questions include compared with other universities, how is the canteen service quality; how is the canteen service quality; how is the canteen management. And about loyalty, it also have three questions include whether will choose the other restaurant that near the school; Whether in the future will continue in the student canteen repast; whether will to others will praise and recommend university student canteen. Use the survey to know about the relationship between the customer loyalty and customer satisfaction. (InfoTrends,2012ï ¼â° Meta analysis a systematic method of evaluating statistical data based on the results of several independent studies of the same problem.Show MoreRelatedThe Relationship Between Customer Loyalty and Customer Satisfaction3723 Words à |à 15 PagesThe relationship between customer loyalty and customer satisfaction John T. Bowen University of Nevada, Las Vegas, Nevada, USA Shiang-Lih Chen University of Nevada, Las Vegas, Nevada, USA Keywords Customer loyalty, Customer satisfaction, Database marketing, Hotels Abstract Develops and implements a method for hotels to identify attributes that willincrease customerloyalty. Otherhotels can replicate the methodology used in this study. The study makesRead MoreRelationship Between Customer Satisfaction And Consumer Loyalty1520 Words à |à 7 Pagesthe relationship between customer satisfaction and consumer loyalty and apply its relationship into all the market industries including products and services, particularly in financial institutions. Preliminary sample data (N=80) will be collected from faculties and students at Johnson and Wales University of all ethnicities, national and international students. The hypothesis of the study is developed as H1: There is a significant positive relationship between customer loyalty and customer satisfactionRead MoreThe Relationship Between Customer Satisfaction and Brand Loyalty1748 Words à |à 7 PagesThe Relationship between Customer Satisfaction and Brand Loyalty Abstract This study attempts to examine the impact of customer service (retail service quality and product quality) on brand loyalty. It focuses on the particular aspects of customer service: personal interaction, policy, reliability, and problem solving. Data will be collected through an in-person survey and an on-line survey immediately following the purchase or visit to the store or website. Another survey will be administeredRead MoreConceptual Model And Framework . According To Above Literature1345 Words à |à 6 Pagesimage, customer satisfaction and customer loyalty. This research sets up hypotheses H1, H2, H3, confirm how these factors to influence and relate to each other. (Figure 1) H1 H2 H3 Figure 1. Relationship between Brand Images, Customer Satisfaction and Customer loyalty Hypothesis H1. There is a strong relationship between customer loyalty and Brand image H2. There is a strong relationship between customer loyalty and Customer satisfactionRead MoreEssay on Types Of Research1400 Words à |à 6 PagesOne problem managers consistently want research on is the relationship between customer satisfaction and loyalty. The research found on the relationship of customer satisfaction and loyalty spans over the past decade. Many researchers argue that there is no relationship between customer satisfaction and loyalty while others find direct correlations between the two and a businessââ¬â¢s profitability. In Roger Hadowellââ¬â¢s study, he defines loyalty as both behavioral and attitude while conducting his researchRead MoreTypes of Research1468 Words à |à 6 PagesOne problem managers consistently want research on is the relationship between customer satisfaction and loyalty. The research found on the relationship of customer satisfaction and loyalty spans over the past decade. Many researchers argue that there is no relationship be tween customer satisfaction and loyalty while others find direct correlations between the two and a businessââ¬â¢s profitability. In Roger Hadowellââ¬â¢s study, he defines loyalty as both behavioral and attitude while conducting his researchRead MoreFactors Affecting Customer Satisfaction On A Firm s Profitability1334 Words à |à 6 Pagesformulated: H1: Customer satisfaction has positive lagged influence on a firmââ¬â¢s profitability. H1a: Customer satisfaction has immediate influence on a firmââ¬â¢s profitability. How profitability affects customer satisfaction Most of the literature focuses on the impact of customer satisfaction on profitability. This particular research acknowledges the possibility of profitability affecting the customer satisfaction. Research attempts to analyse the effect of past profitability on customer satisfaction. ConsideringRead MoreThe High Quality Relationship With Customers1322 Words à |à 6 Pagesaccording to customersââ¬â¢ expectations. Various important parts of banking sector like operations, service quality, employee satisfaction, customer satisfaction, financing products, efficiency, financial performance are being studied by many researchers to better understand and serve the community at large (Arokiasamy, 2013). The high quality relationship with customers is the main influence of a successful service provider (Panda, 2003) ââ¬Å"which determines customer satisfaction and loyaltyâ⬠(Jones, 2002Read MoreService Quality As A Core Competitive Strategy1115 Words à |à 5 Pagesbusiness and banking sector in this case is not an exception .A bank customer will be loyal if they can produce greater value than their competitor (Dawes and Swailes 1999). In addition, higher profit will be earned by the banks if they can position themselves better than the competitors within a specific market (Davis at al. 1995) Therefore, banks should focus on service quality as a core competitive strategy. Customer loyalty, Oliver (1999) defined like acommitment to re-buy or re-patronize decisionRead MoreConsumer Behaviour Article Summary672 Words à |à 3 Pages ââ¬Å"The relationship between customer loyalty and customer satisfaction.â⬠Reference of article: John, T., Bowen, Shiang, Lih., Chen. (2001). The relationship between customer loyalty and customer satisfaction. International Journal of Contemporary Hospitality Management, 13(5), pp. 213-217. Type of article: Scholarly_ research based article. SUMMARY The research is mainly conducted to identify and implement those factors in ââ¬Å"hotelâ⬠that help to increase ââ¬Å"customer loyaltyâ⬠as it is
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