Journal Press India®

International Journal of Management Issues and Research
Vol 3 , Issue 1 , January - June 2014 | Pages: 15-24 | Research Paper

THE IMPORTANCE OF CUSTOMER SATISFACTION IN RELATION TO CUSTOMER LOYALTY AND RETENTION

Author Details ( * ) denotes Corresponding author

1. * Meera Arora, DAV Institute of Management, Faridabad, Faridabad, Haryana, India (meera_arora@rediffmail.com)
2. Mukesh Chaturvedi, School of Business Studies, Sharda University, India

With liberalization and subsequent de-monopolization in the telecom service segment in India, the development of the telecom sector has experienced a major transformation in terms of its growth, technological content, and market structure. As the market scenario changed from that of single­ player to multi-players, the expectations of the customers have also increased, since they not only have luxuries of choices but also have enough freedom to enjoy a higher bargaining power and exercise their preferences. To match the expectations of the consumers, the Indian telecom service providers, have become more receptive and responsive to the customers' needs and choices and endeavor to give them greater satisfaction by providing them with a plethora of value additions, apart from the basic service offerings.

Keywords

Customer Satisfaction, Customer loyalty, Customer Relationship Management, Indian telecom Industry.

1. Oliver, R.L. (1981). Measurement and Evaluation of Satisfaction Processes in Retail Settings, Journal of Retatling, Vol. 57, No.1,pp. 25-48. 2. Tse, D. and Wilton, P. (1988). Models of Consumer Satisfaction Formation: An Extension, Journal of Marketing Research, 25(1), pp. 204-212.
3. Kotler,P. and Armstrong, G. (2011). Principles of Marketing (14th Edition) , Pearson education, Delhi.
4. Hoyer, W. D. and Maclnnis, D. J. (2001). Consumer Behaviour. 2nd ed., Boston, Houghton Mifflin Company.
5. Rust, R.T. and Zahorik, A.J. (1993). Customer satisfaction, customer retention, and market share. Journal of Retailing, 69, Summer,pp.193-215
6. Drucker, P.F. (1973). Management: Tasks, Responsibilities and Practices, Harper and Row, New York, NY
7. Claycomb, C. and Martin, C.L. (2002). Building customer relationships: an inventory of service provider s objectives and practices, Journal of Services Marketing, Vol.16No. 7,pp. 615-35.
8. Anderson, E.W., Fornell, C. and Lehmann,
D.R. (1994). Customer satisfaction, market share, and profitability: findings from Sweden, Journal of Marketing, Vol. 58, pp. 53-66.
9. Bena, I. (2010). Evaluating customer satisfaction in banking services. Management and Marketing, 5 (2), pp. 143-
150.
IO.Morgan, R. M. and Hunt, S. D. (1994). The commitment-trust theory of relationship marketing. Journal of Marketing, 58 (3), pp. 20-38.
11. Deng, Z., Lu, Y., Wei, K. K., and Zhang, J. (2010). Understanding customer satisfaction and loyalty: An empirical study of mobile instant messages in China. International Journal of Information Management, 30(4), pp. 289-300.
12. Bansal, S. and Gupta, G. (2001). Building Customer Loyalty Business-to-Business Commerce. In J. N. Sheth, A. Parvatiyar and
G. Shainesh, eds., Customer Relationship Management. New Delhi, Tata McGraw­ Hill,2001,pp. 3-25. 13. Kandampully J. (1?98). Service quality to service loyalty: A relationship which goes beyond customer services, Total Quality Management, vol.9, No.6,pp. 431-443.
14. Mcllroy, A. and Barnett, S. (2000). Building Customer Relationships: Do Discount Cards Work?, Managing Service Quality, 10 (6), pp. 347-355.
15. Anderson, H. and Jacobsen P. N. (2000). Creating Loyalty: It's Strategic Importance in Your Customer Strategy. In S. A. Brown, ed., Customer Relationship Management, Ontario, John Wiley, 2000, pp. 55-67.
16. Bowen, J. T. and Chen, S. L. (2001). The Relationship between Customer Loyalty and Customer Satisfaction, International Journal of Contemporary Hospitality Management, pp. 213-217.
17. Barnes, James G. (1997). Closeness, Strength, and Satisfaction: Examining the Nature of Relationships Between Providers of Financial Services and Their Retail Customers. Psychology and Marketing 14 (8), pp. 765- 790.
18. Gupta, R. K. (2004). Building successful CRM. In N.M Shanthi (Ed.), CRM In Telecom: Concepts and Cases (72-83). Hyderabad, The ICFAI University press, pp. 49-64.
19. Thomson, B. (2004). Successful CRM: Turning Customer Loyalty into Profitability, In N.M Shanthi (Ed.), CRM In Telecom: Concepts and Cases (72-83). Hyderabad, The ICFAI University press, pp. 49-64. Subramanyam, N. (2003). CRM -A key to corporate success, customer relation management. New Delhi: Excel Books, pp. 17-24. 21. Chum management solutions key to telecom bottom lines. (2003, September 22).
Financial Express Retrieved from.
22. Krishna, R., and Khatri, M. (2008). Antecedents of customer relationships in the telecommunication sector: An empirical study. ICFAI University Journal o_lServices Marketing, 6 (3), pp. 38-59.
23. Shanthi, N. M. (2005). Effectiveness of predictive chum models to sustain market share in mobile industry-an appraisal. /CFAI journal of Services Marketing, pp. 52-57.
24. Pezeshki, V., Mousavi, A., and Grant, S. (2009).Importance-performance analysis of service attributes and its impact on decision making in the mobile telecommunication industry. Measuring Business Excellence, 13 (1), pp. 82-92.
25. Ling, C. E., and Run, E.C. (2009).
Satisfaction and loyalty: Customer perception of Malaysian telecommunication service providers. ICFAI, University journal of service marketing, 7 (1).
26. Pathak, K., and Rastogi, S. (2007). Determinants of customers churn in emerging telecom markets: a study oflndian cellular subscribers. Journal of Global Academy of Marketing Science, 17 (4), pp. 11-15.
27. Kim, M.K., Park, M.C., and Jeong, D.H. (2004). "The effects of customer satisfaction and switching barrier on customer loyalty in Korean mobile telecommunication services," Telecommunication Policy, 28(2).
28. Iqbal,A., Zia, M. H., Bashir, S., Shahzad, K., and Aslam, M. W. (2008). Antecedents and outcomes of customer satisfaction in using prepaid cellular service in Pakistan. Proceedings of the First International Conference on Business and Technology, Iqra University, Islamabad, Pakistan.

Abstract Views: 1
PDF Views: 14

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.