|Author:||Sun, Wai Jose|
|Title:||Are satisfied customers the key to maintaining sales? : an investigation of the effectiveness of customer satisfaction and organizational socialization in customer retention|
|Subject:||Consumer satisfaction -- China -- Hong Kong|
Customer relations -- China -- Hong Kong
Organizational behavior -- China -- Hong Kong
Banks and banking -- Customer services -- China -- Hong Kong
Hong Kong Polytechnic University -- Dissertations
Department of Management
|Pages:||vii, 78 leaves : ill. ; 30 cm|
|Abstract:||The worldwide quality movement that has swept the manufacturing sector over the last decade is beginning to take shape in the service sector, especially in the banking field. The shift to quality focus is essential to the comeptitive survival of service business. In order to maintain sales and profit, managers are focusing on satisfying customer by improving their service quality. Research supported the long-term effect of customer satisfaction on customer retention. Also, customer organizational socialization was proved to be an effective tool to increase customer satisfaction. However, little researches study the direct relationship between customer organizational socialization and customer retention. Therefore, in this study, a model of customer repurchases intention was proposed. The model investigates the effectiveness of customer satisfaction and organizational socialization in customer retention. A quantitative study was developed to test the proposed model. One hundred twenty-five corporate customers of a Bank in Hong Kong participated in the survey. Results revealed customer organizational socialization, much more effective than customer satisfaction, is the main key to retain customer. The result gives some managerial implications for the Bank to strengthen its customer base (customers with loyalty).|
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