Assessing Customers Satisfaction through Customer Satisfaction Portfolio

Sustained growth of service business hugely depends upon the level of satisfaction of its customers. Indian Banking Industry is no exception to this phenomenon. After Liberalisation of Indian Banking Industry, many New Private Sector Banks (NPSBs) changed their forms and became proactive. Their a...

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Main Author: Dr. Alok Kumar Rai
Format: Article
Language:English
Published: Srusti Academy of Management 2012-06-01
Series:Srusti Management Review
Subjects:
Online Access:http://www.srustimanagementreview.ac.in/paperfile/847970179_Assessing%20Customers%20Satisfaction%20through%20Customer%20Satisfaction-Dr.%20Alok%20Kumar%20Rai-Vol.%20-%20V%20%20%20Issue%20I%20%20%20Jan%202012.pdf
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author Dr. Alok Kumar Rai
author_facet Dr. Alok Kumar Rai
author_sort Dr. Alok Kumar Rai
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description Sustained growth of service business hugely depends upon the level of satisfaction of its customers. Indian Banking Industry is no exception to this phenomenon. After Liberalisation of Indian Banking Industry, many New Private Sector Banks (NPSBs) changed their forms and became proactive. Their activity changed the market dynamics of the industry. The resultant was the empowerment of the customers and hence came the realization on part of the banks to give superior care for the satisfaction of the customer. It is worth mentioning that many of the initiatives taken by the banks did not result into what they had planned for (Rai, 2009). A stocktaking of the satisfaction of customers of the banks thus becomes imperative. The study uses Kano model to evaluate the level of Satisfaction of customers as it delivers greater significance to the bank over other commonly used scales as SERVQUAL, SERVPERF and Banking Service Quality Scale (BSQ). The study not just aims to identify the level of Satisfaction of the bank customers but also the relative significance of different parameters of satisfaction in terms of their contribution to overall satisfaction.
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spelling doaj.art-7614f91ba58f4769ba61856ccbfb0ea82022-12-21T22:39:10ZengSrusti Academy of ManagementSrusti Management Review0974-42742582-11482012-06-01VSpl-I127134Assessing Customers Satisfaction through Customer Satisfaction PortfolioDr. Alok Kumar Rai0Associate Professor Faculty of Management Studies Banaras Hindu UniversitySustained growth of service business hugely depends upon the level of satisfaction of its customers. Indian Banking Industry is no exception to this phenomenon. After Liberalisation of Indian Banking Industry, many New Private Sector Banks (NPSBs) changed their forms and became proactive. Their activity changed the market dynamics of the industry. The resultant was the empowerment of the customers and hence came the realization on part of the banks to give superior care for the satisfaction of the customer. It is worth mentioning that many of the initiatives taken by the banks did not result into what they had planned for (Rai, 2009). A stocktaking of the satisfaction of customers of the banks thus becomes imperative. The study uses Kano model to evaluate the level of Satisfaction of customers as it delivers greater significance to the bank over other commonly used scales as SERVQUAL, SERVPERF and Banking Service Quality Scale (BSQ). The study not just aims to identify the level of Satisfaction of the bank customers but also the relative significance of different parameters of satisfaction in terms of their contribution to overall satisfaction.http://www.srustimanagementreview.ac.in/paperfile/847970179_Assessing%20Customers%20Satisfaction%20through%20Customer%20Satisfaction-Dr.%20Alok%20Kumar%20Rai-Vol.%20-%20V%20%20%20Issue%20I%20%20%20Jan%202012.pdfcustomer satisfactionservice quality gapkano modelsatisfaction and dissatisfaction coefficientcustomer satisfaction portfolio
spellingShingle Dr. Alok Kumar Rai
Assessing Customers Satisfaction through Customer Satisfaction Portfolio
Srusti Management Review
customer satisfaction
service quality gap
kano model
satisfaction and dissatisfaction coefficient
customer satisfaction portfolio
title Assessing Customers Satisfaction through Customer Satisfaction Portfolio
title_full Assessing Customers Satisfaction through Customer Satisfaction Portfolio
title_fullStr Assessing Customers Satisfaction through Customer Satisfaction Portfolio
title_full_unstemmed Assessing Customers Satisfaction through Customer Satisfaction Portfolio
title_short Assessing Customers Satisfaction through Customer Satisfaction Portfolio
title_sort assessing customers satisfaction through customer satisfaction portfolio
topic customer satisfaction
service quality gap
kano model
satisfaction and dissatisfaction coefficient
customer satisfaction portfolio
url http://www.srustimanagementreview.ac.in/paperfile/847970179_Assessing%20Customers%20Satisfaction%20through%20Customer%20Satisfaction-Dr.%20Alok%20Kumar%20Rai-Vol.%20-%20V%20%20%20Issue%20I%20%20%20Jan%202012.pdf
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