Why Satisfaction Doesn’t Buy Loyalty
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The 6th TQM World Congress, 2001, Saint Petersburg Customer Satisfaction and Loyalty 340 CUSTOMER SATISFACTION AND CUSTOMER LOYALTY IN EUROPEAN RETAILING
Customer satisfaction and customer loyalty is becoming an increasingly important factor in modern retailing a market characterized by slow growth and intense competition. Big non-European chains such as Walmart are already present in some countries and consider to buy some of the retail chains in other countries e.g. the Scandinavian countries. This development will demand even more focus on cu...
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To be successful, organizations must look into the needs and wants of their customers. That is the reason why many researchers and academicians have continuously emphasized on the importance of customer satisfaction, loyalty and retention. Customer satisfaction is important because many researches have shown that customer satisfaction has a positive effect on an organisation’s profitability. Du...
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