Preview

Bsnl Review of Literature

Better Essays
Open Document
Open Document
1581 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bsnl Review of Literature
REVIEW OF LITERATURE
CUSTOMER SATISFACTION
Customer Satisfaction, a business term, is a measure of how products and services supplied by a company meet or surpass customer expectation. It is seen as a key performance indicator within business and is part of the four perspectives of a Balanced Scorecard.In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.There is a substantial body of empirical literature that establishes the benefits of customer satisfaction for firms.
MEASURING CUSTOMER SATISFACTION:
Customer Satisfaction, a business term, is a measure of how products and services supplied by a company meet or surpass customer expectation. It is seen as a key performance indicator within business and is part of the four perspectives of a Balanced Scorecard.In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.
CUSTOMER SERVICE PLAN
Maintaining an effective customer service program is one of the biggest challenges faced by managers in the current environment. Today, managers are faced with cutbacks in personnel, workforce reshaping, and lack of funds for adequate training. These constraints, although serious, must not be allowed to compromise customer service. Developing an effective customer service plan and instilling a commitment to it within the organization are key to the management process. Once developed and implemented, the plan helps to overcome other obstacles. Success breeds success, and in the service business there is no greater success than a satisfied customer. Therefore, managers should alwaysconsider the impact of how an effective customer service plan can help them to meet their goals.
Enlightened managers fully recognize the relationship between a sense of ownership and positive

You May Also Find These Documents Helpful

  • Good Essays

    Mkt 301 Exam 1 Study Guide

    • 1313 Words
    • 6 Pages

    Customer satisfaction: Customers’ evaluation of a good or service in terms of whether it has met their needs and expectations.…

    • 1313 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.…

    • 1754 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Customer satisfaction is usually measured by customer feedback forms to gain information about how well the company is delivering customer service as the customer is delivering their own opinions. Companies take these seriously as…

    • 5419 Words
    • 22 Pages
    Good Essays
  • Powerful Essays

    Customer satisfaction- a person's feelings of pleasure of disappointment that result from comparing a product's perceived performance to expectations. …Consumer value triad: quality, service, price…

    • 1551 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    * Customer satisfaction – one of the most important factor in a successful business strategy; a company must continue to develop, alter, and adapt products to keep pace with customers’ changing desires and preferences and it must seek to develop long-term relationships with customers and stakeholders.…

    • 1411 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Providing excellent, and memorable, client support is important for client retention. Without exceptional support, your clients will not return. Average or mediocre support won't keep your customers either, and bad customer service will simply drive them away. As a business owner or manager, you need to ensure that your business is focused on understanding "what is good customer service" and how to define customer service. With that understanding in place, you can work on building and maintaining great customer service, and high customer satisfaction levels.…

    • 454 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    buget

    • 428 Words
    • 2 Pages

    Customer satisfaction is an indication that your company understands the needs of your customers. Understanding your customers and being able to satisfy their needs is crucial to the strength of your business. Just remember, one unsatisfied customer can negate the promotional impact of several satisfied customers. Having strong customer service polices will add to the success of your company…

    • 428 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Training Plan

    • 1446 Words
    • 6 Pages

    By training the team in customer service, they will better learn how to serve their customers and by doing so, will hopefully help to form business relationships with the customers and increase the rate of return customers. With the amount of competition in the market today, it is important to be able to keep customers. The ability to solve problems and form relationships with customers is crucial. (Cascio, 2005)…

    • 1446 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Tesco - Customer Service

    • 1606 Words
    • 7 Pages

    Today's world competition is very strong in every kind of businesses. Every organisations must provide high quality products or services in order to survive, however their competitors also providing the same or comparable products or services. An important way to an organisation to get an edge over its competitors is to provide extra service to satisfy and delight their customers, which can retain them and also gain new customers. Therefore the achievement of customer satisfaction must be a major objective in all organisations.…

    • 1606 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Red Cross

    • 1179 Words
    • 5 Pages

    Customer satisfaction- one of the most important factors in successful business strategy. A company must also seek to develop long-term relationships with customers and its shareholders.…

    • 1179 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Firstly, customer satisfaction may appear to be an important and crucial component in maintaining customers over a long period of time. White and Yanamandram (2007) clearly define customer satisfaction as a fulfillment of a customer’s wishes or expectations of a purchase. In other words, the customer will be satisfied when they are able to get what they want. It is likely to be one key factor in measuring customer loyalty. According to Naumann, Williams and Khan (2009), customer satisfaction might be…

    • 2712 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Successful customer service relies on creative innovation; simply put a company does not need to apply a lot of money or technical resources to achieve desired goals. Research done over the past 10 years shows an accumulation of poor habits in customer service leads to disastrous ends. Therefore by developing customer service training it can improve service and develop standards of performance above just meeting statistical goals. Also, by creating an organizational behavior standard of customer service, management avoids the affects of poor relationship management. The development of customer service training will lead to stronger client loyalty, referrals, and lower costs of service.…

    • 3076 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    Argos Strategy

    • 2909 Words
    • 12 Pages

    Since 1980s, customer satisfaction has been considered as a remarkable topic in the field of marketing literatures (Rajshekhar, et al., 2006). Customer satisfaction is also a key feature of RM. According to Oliver‘s study (1997), customer satisfaction is very relevant to the customer‘s evaluation of product/service features. Furthermore, satisfaction is visibly seen as an affective response and opinion to the consumption experience 28…

    • 2909 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Customer Service Plan

    • 3207 Words
    • 13 Pages

    Increased customer satisfaction will bring many benefits to organization. It can contribute to better customer service to customers, increased the profit of customers. Also, the loyalty has been built up through the process of providing good customer services. It can increase the power of competition in market/…

    • 3207 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Attachment 51

    • 7385 Words
    • 33 Pages

    Telecommunication Union revealed that the penetration rate of mobile phone subscribers is 96.2 per 100…

    • 7385 Words
    • 33 Pages
    Good Essays