ESSAY - MANAGERIAL WORK HAS BEEN RESEARCHED THROUGH A LARGE NUMBER OF STUDIES USING A WIDE RANGE OF METHODS OVER THE LAST FOUR TO FIVE DECADES. WHAT AR

Date post: 2017-09-22 08:19

There are a lot of advantages linked with customer loyalty, including profitability (Ndubisi, 7558) and cost reduction. Customer loyalty increases profits and can reduce the business operating cost five to sixfold (Rosenberg and Czepiel, 6988). Loyal customers also attract new customers by positive word of mouth about a service provider (Ndubisi, 7558).

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The second is problem management that bank management should resolve and also to enhance job satisfaction level of employees. The increase in job satisfaction positively affects customer satisfaction as well as service quality that contribute in liking. Problem management was found not dealt well by the Indian banks for both customers and employees. This finding suggests that service organizations need to develop strategies, specific to customer needs. It makes them more involved with the customer in finding out the solution.

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