The establishment of appropriate service strategy for banking industry customers with different value Online publication date: Sat, 21-Feb-2015
by Shun-Hsing Chen, Chen-Kuo Pai, Fei-Yun Chen
International Journal of Services Technology and Management (IJSTM), Vol. 16, No. 1, 2011
Abstract: This study classifies banking customers basing on customer's value for businesses through the customer's value diagram (CVD). This diagram divides customers into three levels: premium customers, general customers and static customers. Furthermore, the diagram integrates the performance control matrix (PCM) to selectively propose different service strategies to the customers. The service strategy proposed by businesses should take into consideration resource efficiency. From the matrix, the three strategies adopted are as follows: 1) increasing resource and enhancing quality; 2) maintaining current service quality; 3) decreasing resource and avoiding wastefulness. Through different service strategies, they can satisfy the requirements and enhance the satisfaction from different customers. In addition, the corporation improves services to the customers who contribute highly to the business incomes. Finally, customer's loyalty is strengthened with newly created customer value. The businesses then can manage to optimise resource allocation and to utilise the resource more efficiently through this service strategy.
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