Does relationship marketing improve customer relationship satisfaction and loyalty?

Show simple item record Leverin, Andreas Liljander, Veronica 2008-08-15T11:30:54Z fi 2011-03-02T09:39:41Z 2008-08-15T11:30:54Z fi 2011-03-02T09:39:41Z 2006
dc.identifier.citation This article has been published in the International Journal of Bank Marketing Vol. 24 No 4, pp. 232-251 fi
dc.description.abstract Purpose - This study investigates the relationship marketing (RM) strategy of a retail bank and examines whether - after its implementation - customer relationships were strengthened through perceived improvements in the banking relationship and consequent loyalty towards the bank. Design/methodology/approach - A survey was conducted on two profitability segments, of which the more profitable segment had been directly exposed to a customer oriented RM strategy, whereas the less profitable segment had been subjected to more sales oriented marketing communications. Findings - No significant differences were found between the segments on customers’ evaluations of the service relationship or their loyalty toward the bank. Furthermore regression analysis revealed that relationship satisfaction was less important as a determinant of loyalty in the more profitable segment. Research limitations/implications - This study was conducted as a case study of one specific branch of a bank group in Finland, which limits the external validity of its results. It was not possible to ascertain if, or to what extent, customers of the more profitable segment had received the intended RM treatment. Other limitations are also discussed. Practical implications - Customer orientation is desirable within retail banking and more studies are needed on the differential drivers of loyalty across customer profitability segments. By identifying the aspects of a banking relationship that are more highly valued among more profitable customers than among less profitable customers, bank managers would be able to more effectively devise appropriate strategies for different segments. Originality/value - The study contributes to the RM literature and marketing of financial services by providing empirical evidence of the effects of RM activities on customer relationship perceptions in different profitability segments. fi
dc.language.iso en
dc.publisher Emerald en
dc.subject Relationship marketing fi
dc.subject Customer relationship satisfaction fi
dc.subject Customer loyalty fi
dc.subject Segmentation fi
dc.subject Retail Banking fi
dc.subject.other Marketing fi
dc.title Does relationship marketing improve customer relationship satisfaction and loyalty? fi
dc.relation.version Personal final accepted version

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