The Impact of Customer Relationship Management on Customer Retention Case Study on Aramex
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Running head: RESEARCH PAPER Research Paper (Topic:The Impact of Customer Relationship Management on Customer Retention, case Study on Aramex) Name of the Student Name of the University Author’s Note
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1RESEARCH PAPER Abstract This study had evaluated the impact of customer relationship management and customer retention in Aramex. It has been seen that Aramex had been facing issues in retaining their existing consumers in the market. The study had critically analysed different literature and developed hypothesis. The research methodology had been developed based on the objective of the research where the study had used a positivist approach and deductive reasoning has been used. The study had surveyed 100 consumers and 5 managers to develop in depth analysis of the topic. The result has shown that majority of the consumers are loyal to the company but it has been seen that 9% of the employees are not loyal to the company and had given bad reviews. This result is worrying for the company as 9% population in a small sample would be huge in respect to the overall target population of the company. The study had also analysed the problems faced by the organization and provided suitable recommendations based on the need of the organization.
2RESEARCH PAPER Table of Contents Chapter 1: Introduction..............................................................................................................4 1.0 Introduction:.....................................................................................................................4 1.1 Background of the research..............................................................................................4 1.2 Research purpose.............................................................................................................5 1.3 Problem statement:...........................................................................................................5 1.4 Research aims and objectives:.........................................................................................6 1.5 Research questions:..........................................................................................................6 1.6 Structure of the research paper:........................................................................................7 1.7 Research hypothesis:........................................................................................................8 Chapter 2: Literature Review...................................................................................................10 2.0 Introduction:...................................................................................................................10 2.2 Relationship between customer relationship management and customer retention.......12 2.3 Impact of customer relationship management for retaining the customers:..................13 2.4 Factors affecting in effective customer relationship management:................................15 2.5 Strategies on customer relationship management:.........................................................17 2.6 Relevant theories and models on customer relationship management...........................19 2.7 Literature gap:................................................................................................................20 2.8 Summary:.......................................................................................................................22 Chapter 3: Research Methodology...........................................................................................24 3.1 Research Philosophy......................................................................................................24 3.2 Research Approach........................................................................................................25
3RESEARCH PAPER 3.3 Research Design.............................................................................................................26 3.4 Data collection and analysis...........................................................................................27 3.5 Sampling........................................................................................................................28 3.6 Reliability and Validity..................................................................................................29 3.7 Ethical consideration......................................................................................................29 Chapter 4: Findings and analysis.............................................................................................31 4.1 Quantitative Analysis.....................................................................................................31 4.1.1 Reliability test.............................................................................................................31 4.1.2 Descriptive statistics....................................................................................................34 4.1.3 Quantitative Questions................................................................................................37 4.1.3 Correlation...................................................................................................................61 4.1.4 Cross tabulation...........................................................................................................79 4.1.5 Regression analysis.....................................................................................................85 4.2 Qualitative analysis........................................................................................................89 Chapter 5: Conclusion................................................................................................................1 References..................................................................................................................................4
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4RESEARCH PAPER (Topic:The Impact of Customer Relationship Management on Customer Retention, case Study on Aramex) Chapter 1: Introduction 1.0 Introduction: After evaluating data of last five years it has been observed that organizations courier service industry is facing immense challenges in maintaining their sustainable of business. Lack of effective customer management system within organization is the primary reason due to which customers are losing their loyalty day by day. This very specific research proposal has selectedAramexas their chosen company. While evaluating in-depth case study on Aramexit is however observed that the customers are showing the reluctance in using the services from this company due to several issues. As a result, the organization is facing immense challenges in maintaining their overall business sustainability. However, this very specific study has focused to evaluate on how effective customer relationship management can reflect a positive impact on customer retention. At the same time, some of the major strategies of customer retention plan have also been critically evaluated in this research paper. 1.1 Background of the research Aramexis one of the most prestigious international mail delivery and logistics chains occupying recognizable place inUAE. Headquartered in Dubaithe particular organization has started their journey as a worldwide shipping solution at a competitive price. After the company has expanded their wings in multinational boundaries, the business experts of Aramexare facing several challenges in gaining customers’ loyalty. As a result, their customers’ retention plan is getting immensely affected (aramex.com 2018). The primary issue thatAramexis facing in retaining their customers is ineffective services. As this organizationiscompletelybasedonprovidingservicesandsolutionstheemployees
5RESEARCH PAPER associated with the operations need to be very much technical and cooperative(Hwang and Low 2012). After expanding their business in multinational countries, the business experts of Aramexdo not impose the employees in gaining Multilanguage competency. Customers have to face challenges in interacting with the service providers. Major issue has been identified thatAramexfails to deliver the services within proper stipulated time(Ahmad, Wynn and Clarkson 2013).In this kind of situation, the entire method of product delivery is getting late which ultimately leaves immense negative impact on the customers. 1.2 Research purpose The primary purpose of the study is to critically analyse the impact of customer relationship management on customer retention in context to the case study ofAramex.It has been observed thatAramexfails to satisfy the needs and demands of the customers due to several issues. Lack of service quality is one of the most effective reasons due to which the business experts fail to meet the needs and demand of the customers(Voss 2012). On the other hand, it has also been identified that the employees associated with the organization are unable to communicate with the people of different cultural backgrounds and attitudes. As a result, both the customers and services providers fail to make a good rapport with each other (Kumar and Reinartz 2018). After identifying this concern, the business experts have decided to implement customer relationship management strategies at the workplace for overcoming this kind of major issues. 1.3 Problem statement: The two identified business issues that have been selected for conducting this research papersuccessfulincludecustomerrelationshipmanagementandcustomerretention. Customer relationship management is the dependent variable(Khodakarami and Chan 2014). If the business experts are successfully able to follow customer relationship management, the business experts can make an effective plan of managing and retaining customers.Aramex
6RESEARCH PAPER fails to satisfy the needs and demands of the customers due to several issues. Lack of service quality is one of the most effective reasons due to which the business experts fail to meet the needs and demand of the customers(Nguyen and Mutum 2012). After identifying this kind of major issue the business experts have raised their concern on how customers’ loyalty can be gained. The purpose of this very specific research is to understand on howAramexneeds to adopt different customer retention strategies and policies for achieving business success. If the business venture fails to fulfil the needs and demands of the customers, the entire process of business faces challenges in reaching the peak of success(Ramchandani and Novitaz 2013). However,this very specific study has focused to evaluate on how effective customer relationship management can reflect a positive impact on customer retention. At the same time, some of the major strategies of customer retention plan have also been critically evaluated in this research paper. 1.4 Research aims and objectives: The research aims to explore the impact of customer relationship management on customer retention in context to the case study of Aramex. The primary objectives of this very specific study are as follows: To explore the impact of customer relationship management on customer retention To recognize the issues in customer relationship management process of Aramex To recommend effective customer relationship management strategies to Aramex for retaining customers 1.5 Research questions: What is the impact of customer relationship management on customer retention? What are the major the issues in customer relationship management process of Aramex
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7RESEARCH PAPER What are the recommendations of effective customer relationship management strategies to Aramex for retaining customers 1.6 Structure of the research paper: The entire research paper is constituted with five major stages, which include Introduction, Literature Review, Methodology, Findings and analysis and Conclusion and Recommendation. Chapter 1: Introduction: In the very introduction chapter, the study has identified the research issue. The primary concern of this very specific study is to evaluate theimpact of Customer Relationship Management on Customer Retention.Based on the identified research issue the study has evaluated on how customer relationship management leaves positive impact in retaining the customers(Choudhury and Harrigan 2014).Lack of service quality is one of the most effective reasons due to which the business experts fail to meet the needs and demand of the customers. After identifying this kind of major issue the business experts have raised their concern on how customers’ loyalty can be gained. Chapter 2: Literature Review: Literaturereviewisthecriticalevaluationofidentifiedresearchissueby incorporatingtheopinionofnumerousresearchscholars.Theprimarypurposeof implementing customer retention plan is to render business sustainability. Without gaining customers’ loyalty, the business organization can never retain customers. Without customer retention plan the business experts are not able to expand their business in the overall global market. Chapter 3: Methodology
8RESEARCH PAPER In the part of methodology various tools have been used with the help of data is gathered and evaluated. The limitation of the research paper is also been highlighted in this very specific part. Chapter 4: Findings and analysis In this chapter, the researcher has made survey analysis with the help of which participants have been directly involved with the identified research issue. The result of survey is presented in this very specific part. Chapter 5: Conclusion and recommendations: In this very specific part, the study has provided overall findings of the result. Based on the entire study major recommendations of improving customer relationship management have been provided. 1.7 Research hypothesis: H0:Customer relationship management has no major significance on overallcustomer retention plan H1:Customer relationship management has major significance on overallcustomer retention plan 1.8 Summary of the research: After evaluating the introduction part it can be summarised that the primary concern of this very specific study is to evaluate theimpact of Customer Relationship Management on Customer Retention.The primary purpose of implementing customer retention plan is to render business sustainability. Without gaining customers’ loyalty, the business organization can never retain customers. This very specific research proposal has selectedAramexas their
9RESEARCH PAPER chosen company. While evaluating in-depth case study onAramexit is however observed that the customers are showing the reluctance in using the services from this company due to several issues. Major issue has been identified thatAramexfails to deliver the services within proper stipulated time.In this kind of situation, the entire method of product delivery is getting late which ultimately leaves immense negative impact on the customers.At the same time, some of the major strategies of customer retention plan have also been critically evaluated in this research paper. The study primarily aims to evaluatethe impact of customer relationship managementoncustomerretention.Afterthecompanyhasexpandedtheirwingsin multinational boundaries, the business experts ofAramexare facing several challenges in gaining customers’ loyalty. As a result, their customers’ retention plan is getting immensely affected. The introductory part has evaluated the overall structure of the study in brief, which gives overall view about the entire structure of the research paper.
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10RESEARCH PAPER Chapter 2: Literature Review 2.0 Introduction: Literature review is one of the most significant parts of research paper which critically evaluates the identified research issue from numerouspoints of views. While making a critical literature review numerous eminent scholars show their own point of views. In this very specific part, the study has focused to make detailed analysis on howcustomer Relationship Management leaves a major significant impact on Customer Retention. Various critical theories have also been evaluated in this very specific study. On the other hand, this specific literature review has find out major gap at the end with the help of which the researcher can overcome those gaps. 2.1 Overview on customer relationship management Koegleret al. (2013)opined thatCustomer relationship managementis a practice or strategy that organizations use for managing and analyzing the customer interactions. In order to gain customers’ loyalty the business experts have to implement effective strategies and policies. If the customers do not their interest in purchasing products and services, the entire business organization fails to achieve its business goals and objectives. In order to maintain customer relationship management the business experts have to focus on improving various spheres of business.Saarijärvi, Karjaluoto and Kuusela (2013) stated thatvarious spheres include marketing, sales and services. In order to grab the attention of customers and build a good relationship with the customers marketing and promotion is one of the most significant factors. With the help of effective promotional techniques, the customers from various geographicalboundariesandattitudescangetdetailedoverviewabouttheproduct components and their durability as well as product features. As a result, the customers do not
11RESEARCH PAPER have to face innumerable challenges in acquiring knowledge on the products. By using various media tools, the marketing executives can make an effective rapport with the customers. Kirmaci (2012) opined thatdirect marketingis one of the most significant ways of building customer relationship. Large number of business organizations is there which tend to prefer direct marketing so that they can make a good rapport with the customers.On the other hand, it has also been observed that the customer service managers can directly interact with the service users and hare their point of views with customers. As a result, they can gain immense trust on the customers. On the other hand, sales department is another sphere of buildingcustomers’relation.SoltaniandNavimipour(2016)commentedthatifthe promotional methods become successful, the customer service executives do not have to face challenges in selling their products. However, while selling the products the business executives can make an effective rapport with the customers. Tseng and Wu (2014) opined thateffective customer serviceis another form of building relationship, which ultimately reflects on overall business profitability. It has been observed that organization while maintaining a good rapport with the customers tends to deliver the services within proper stipulated time. On the other hand, it has also been observed that good customer service always gains customers’ loyalty. As a result, business executives always search for maintaining effective bond with the customers by showing their managing and behavioural approaches.Rosman and Stuhura (2013) stated thatthe customers would not have to face challenges in receiving their services if the business executives want to share a good bond. It can be therefore concluded that customer relationship management is one of the most effective parts of retaining customers at the workplace.
12RESEARCH PAPER 2.2 Relationship between customer relationship management and customer retention Thetwooverarchingtermscustomerrelationshipmanagementandcustomer retention are inseparably related to each other.Khan et al. (2012)opined that in order to build customerrelationshipthebusinessexpertshavetoimplementeffectivestrategiesand policies. If the customers do not their interest in purchasing products and services, the entire business organization fails to achieve its business goals and objectives. In order to maintain customer relationship management the business experts have to focus on improving various spheres of business. Therefore, customer relationship management in other word is an effective strategy and policy with the help of which the business experts intend to build the heed of customers and maintain organizational sustainability. Symons (2014) opined thatcustomer retentionis the underlining concept with the help of which business experts make various plans and strategies in retaining the customers by satisfying their needs and demands. In order to maintain market sustainability the business experts have to face immense challenges in maintaining good rapport with the customers. Padilla-Meléndez and Garrido-Moreno (2014) commented thatlanguage barrier, cultural barrier, psychological barrier are the primary reasons due to which customers have to face challenges in communicating with the service providers. In order to overcome this kind of situations the business experts have to focus on maintaining effective communication with the customers. On the other hand, it has also been observed that due to the lack of proper communication customers he showed their reluctant attitude in using the services. While evaluating the relationship between customer relationship management and customer retention it can be observed that both the two concepts are inseparably related to each other.Saarijärvi, Karjaluoto and Kuusela (2013) stated thatif the business experts cannot maintain effective customer management relationship the entire process of customer retention will become failed. On the other hand, it has also been observed that customer
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13RESEARCH PAPER retention is one of the most significant parts of maintaining organizational image and reputation.Therefore,thebusinessexpertshavetoimplementeffectivecustomer management plans within operations so that they can grab the attention of large number of customers.Mainela and Ulkuniemi (2013) commented thatcustomers’ management plan enables the business experts in satisfying the needs and demands service users. Amidst most of the effective plans of customer management the business experts primary focus on three major factors. The factors include effective communication with the customers, providing good quality of products and delivering services within proper time. Amoakoet al. (2012) stated that customer service executive should always share a good bond with service users. If the business experts have to face language barrier in communicating with the customers the entire communication method becomes meaningless. In the kind of situation, the business experts have to render multilingual competency. With the help of an effective multilingual competency, the service providers can easily understand the needs and demands of the customers. At the same time, business experts have to focus on maintaining the superior quality of services. As a result, customers would like to show their interest in purchasing foods and services. Therefore, the customer retention is highly dependent on how the business experts are implementing customer relationship management within business. 2.3 Impact of customer relationship management for retaining the customers: While evaluating the impact of customer relationship management for retaining the customers, numerous business experts have showed their different point of views.Abdul Basri and Shaharuddin (2013) stated thatsome of the most eminent personalities have showed their point of views that customer relationship management leaves immense positive impact on retaining the customers. On the other hand, the study has also highlighted on how thebusinessexpertshavetofaceinnumerablechallengesinmaintainingcustomer
14RESEARCH PAPER relationship management at the workplace effectively. However, some of the most effective positive impacts of customer relationship management are as follows: Increases the number of target customers: In order to increase the number of target customers the business experts of an organization has to implement some innovative plans and policies so that they can expand their business in various geographical boundaries. If the business experts cannot impress the attention of customers by making effective interaction the entire process of business becomes restricted within regional boundary.Jocovicet al. (2014) opined that while drawing the attention of customers in different geographic boundaries the business experts would have to face immense challenges in maintaining effective communication with each other. Amongst mostoftherecognizablecustomermanagementpolicy,languageflexibilityishighly prominent. With the help of effective language flexibility, the business experts can attract customers of various cultural backgrounds and attitudes. Automatically the number of target customers will be increased. Gain customers’ loyalty: Yang (2012) opined thatcustomers’ loyalty implies on how the business exerts are able to satisfy the needs and demands of customers by providing quality of services as well as products. One of the most effective strategies of building customer relationship is providing good quality of products. In this kind of situation, the business experts always have to focus on gaining the trust of people by serving superior quality of products. However, after receiving good quality of products and services the business experts can get opportunities in getting loyalty of the customers. Automatically, the organization can reach the peak of success.
15RESEARCH PAPER Business profitability: If the business experts can gain the trust of people in providing good services, the entire process of business can render immense profitability.Meadows and Dibb (2012) opined that customers are the primary stakeholder for an organization. If the customers get satisfied after receiving the services, they tend to use the service again. Automatically, the sales volume of the business organization becomes high. The business experts can easily gain profitability in the market. After evaluating the overall study, it can be summarized that after receiving good quality of products and services the business experts can get opportunities in getting loyalty of the customers. Automatically, the organization can reach the peak of success. While drawing the attention of customers in different geographic boundaries the business experts would have to face immense challenges in maintaining effective communication with each other.Tayloretal.(2014)statedthatamongstmostoftherecognizablecustomer management policy, language flexibility is highly prominent. Some of the most eminent personalities have showed their point of views that customer relationship management leaves immense positive impact on retaining the customers. 2.4 Factors affecting in effective customer relationship management: Bach and Österle (2013) opined thatcustomer relationship management is one of the most important strategies for gaining attention of customers. At the same time, the business expertshave to face several challengesin maintainingeffectiverelationshipwith the customers. Various eminent scholars have provided their own opinion regarding this specific factor. Economic constraints:
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16RESEARCH PAPER Karjaluotoet al. (2014) commented that economy is one of the most effective barriers due to which the business experts fail to implement effective customer management strategy. If the organization does not have economic strengths, the business experts have to face challengesinimplementingstrategies.Inordertoimplementeffectivetrainingand development session the business experts would have to invest large amount of money. Economy is one of the most important barriers due to which the business experts fail to implement effective customer relationship management(Weske 2012). On the other hand, duetolackofeconomicstrengthsthebusinessexpertscannotimplementadvanced technology at the workplace. As a result, customers’ service system becomes very much slow thathighlyreflectsnegativeimpactontheoverallsuccessofbusinessaswellas organizational image. Lack of management skill: Ramchandani and Ghias (2012) stated thatlack of proper management skill is one of the most significant reasons due to which the customer service executives do not build good relationship. It has however been observed that the customers are from various geographical backgrounds and attitudes. Their language, culture and psychology differ from one person to another. In this kind of situation, the business experts have to face immense challenges in communicating with those people who do not have competency in maintaining formal communication. However, without having any proper management skill and competency level the business experts cannot implement effective customer relationship management. Due to the lack of proper communication, the customers are hesitated in visiting to the stores. Lack of technological competency: It has also been observed that technology is one of the most effective barriers due to which business experts cannot maintain good rapport with the customers. Large number of
17RESEARCH PAPER employees associated with the workplace is not well accustomed with the advancement of technology.Herhausen and Schögel (2013) stated thatthey have to face immense barriers in operating advanced technology. However, due to the lack of technological competency customers become deprived of receiving effective feedback from the business experts. However, in order to give proper feedback to the customers about brands as well as services the business experts have to focus on enhancing their technological competency. After evaluating the necessary factors affecting effective CRM system it can be summarized that economy is one of the most important barrier due to which the business experts fail to implement effective customer relationship management.Hwang and Low (2012) opined thaton the other hand, due to lack of economic strengths the business experts cannot implement advanced technology at the workplace. The study has evaluated that without having any proper management skill and competency level the business experts cannot implement effective customer relationship management. Due to the lack of proper communication, the customers are hesitated in visiting to the stores. They have to face immensebarriersinoperatingadvancedtechnology.However,duetothelackof technological competency customers become deprived of receiving effective feedback from the business experts. 2.5 Strategies on customer relationship management: In order to maintain effective customer relationship some of the major strategies and policies should be implemented which are as follows and the strategies are as follows: Communicate rapidly and effectively: Voss (2012) commented thatthe business experts would have to be prompt in responding the customers in dealing with the employees effectively. It has often been observed that the business experts are not very accustomed of giving rapid feedback to the
18RESEARCH PAPER customers due to their inefficiency in management kill. In this kind of situation, the customers are not getting proper feedback from the customers. However, this very specific study has focused to make detailed overview on how business experts in providing rapid and prompt communication have dealt with the customers effectively(Khodakarami and Chan 2014). In order to maintain proper customer relationship the managers intend to make direct and rapid feedback to the customers in order to maintain brand identity and brand image. Maintain product quality: It has been observed that product quality is one of the most important factors due to which customers tend to use the services.Choudhury and Harrigan (2014) stated thatthe organization on the other hand becomes successful in gaining image and reputation. While running the entire process of business in various geographical boundaries the business experts have to focus on providing good quality of services.Saarijärvi, Karjaluoto and Kuusela (2013) commented thateffective quality of product is always helpful which impresses the customers immensely in using the services repeatedly. Along with providing good quality of services, the business experts instruct the customers to deliver the products within stipulated deadline. In addition, quality service is always helpful in increasing the business wings in different geographical boundaries as well. Provide effective customer services: Effectivecustomerserviceimpliesmeetingdeadlineofdeliveringproducts. Customers do not like to receive late delivery especially in the shipping industry. Therefore, the business executives would have to be professionally trained so that they can deliver the services within proper time.Kirmaci (2012) stated thatthe business experts need to be responsive as well. With the help of providing effective response to the customers, the service providers can make a good rapport with each other. If the delivery executives do not become
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19RESEARCH PAPER very much responsive, the customers start to lose their trust on the organization. Therefore, the business experts would have to be very much flexible in delivering the services within proper deadline. Analyze customer relationship ROI: After implementing different strategies on CRM, the business experts have to analyse the result or feedback by using ROI analysis. The primary purpose of this very specific ROI is to evaluate the implemented strategies and policies are effective enough for the business experts or not.Soltani and Navimipour (2016) stated thatif the business experts implement “communicate rapidly and effectively”strategy, the business managers have to critically evaluatewhether thisimplementedstrategy iseffectiveenough for building customer relationship or not. If the result is predicted as positive, the business experts can continue with the CRM strategy in future in quest of achieving business aims and objectives. After evaluating the overall CRM strategies, it can be concluded that the business experts are not very accustomed of giving rapid feedback to the customers due to their inefficiency in management kill. In this kind of situation, the customers are not getting proper feedback from the customers. While running the entire process of business in various geographical boundaries the business experts have to focus on providing good quality of services.Tseng and Wu (2014) opined thateffective quality of product is always helpful which impresses the customers immensely in using the services repeatedly. The business experts need to be responsive as well. With the help of providing effective response to the customers, the service providers can make a good rapport with each other. 2.6 Relevant theories and models on customer relationship management Among most of the prominent models of customer relationship management, IDIC model is the most prominent model with the help of which the business experts have to
20RESEARCH PAPER follow four major stages for fulfilling customers’ needs and demands. At the very first stage, the business experts have to identify the target customers.Saarijärvi, Karjaluoto and Kuusela (2013) stated thatafter identifying the target customers, business experts have to differentiate the customers as per their geographic, demographic and psychographic backgrounds. In addition, interact is the stage where the business experts tend to know the needs and demands of the customers. Based on the basic needs and desire of the customers the managers tend to make their product design in accordingly. In addition, with the gradual flow of time the business experts have to change their business strategy as per current market trends. Before changing business strategy an effective interaction with the customers is highly important to know their values and desires. Customize is the final stage where the business experts have to select products as per needs and demands of customers.Mainela and Ulkuniemi (2013) commended thatbased on the demands and income status of the customers the business experts tends to segregate the products and services. As per market demand, the products are manufactured as well. However, these four stages of CRM model primarily aims to segregate on how customers want products and services and the business managers tend to deliver the services as per their needs and desires. If the result of this IDIC model is predicted as positive, the business experts can continue with the CRM strategy in future in quest of achieving business aims and objectives. 2.7 Literature gap: Before evaluating the literature gap, it can be analyzed that In order to maintain customer relationship management the business experts have to focus on improving various spheres of business. As a result, the customers do not have to face innumerable challenges in acquiring knowledge on the products. By using various media tools, the marketing executives can make an effective rapport with the customers. The study has however evaluated that the customer service managers can directly interact with the service users and hare their point of
21RESEARCH PAPER views with customers. As a result, they can gain immense trust on the customers. On the other hand, sales department is another sphere of building customers’ relation. Language barrier, cultural barrier, psychological barrier are the primary reasons due to which customers have to face challenges in communicating with the service providers. However, the study is not devoid of some of itsmajor literature gaps. The author has not evaluatedif the businessexpertscannot maintaineffectivecustomer management relationship the entire process of customer retention will become failed. On the other hand, it has also been observed that customer retention is one of the most significant parts of maintaining organizational image and reputation. At the same time, business experts have to not focused to discussed on maintaining the superior quality of services. As a result, customers would like to show their interest in purchasing foods and services. The study has not discussed while drawing the attention of customers in different geographic boundaries the businessexpertswouldhavetofaceimmensechallengesinmaintainingeffective communication with each other. Amongst most of the recognizable customer management policy, language flexibility is highly prominent. Automatically, the organization can reach the peak of success. While drawing the attention of customers in different geographic boundaries the business experts would have to face immense challenges in maintaining effective communication with each other. The study could have discussed on how economy is one of the most important barrier duetowhichthebusinessexpertsfailtoimplementeffectivecustomerrelationship management. On the other hand, due to lack of economic strengths the business experts cannot implement advanced technology at the workplace. Effective quality of product is always helpful which impresses the customers immensely in using the services repeatedly. The study has not evaluated on how along with providing good quality of services, the
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22RESEARCH PAPER business experts instruct the customers to deliver the products within stipulated deadline. The theories of customer relationship management could have been evaluated in more detailed. 2.8 Summary: After evaluating the overall literature review it can be summarized that this very specific study has focused to evaluate on how effective customer relationship management can reflect a positive impact on customer retention. At the same time, some of the major strategies of customer retention plan have also been critically evaluated in this research paper. It has also been identified that the employees associated with the organization are unable to communicate with the people of different cultural backgrounds and attitudes. The study has also highlighted that fact that if the business venture fails to fulfil the needs and demands of the customers, the entire process of business faces challenges in reaching the peak of success. However,this very specific study has focused to evaluate on how effective customer relationship management can reflect a positive impact on customer retention.In addition, The study has also highlighted that fact that lack of service quality is one of the most effective reasons due to which the business experts fail to meet the needs and demand of the customers. After identifying this kind of major issue the business experts have raised their concern on how customers’ loyalty can be gained. The study has also highlighted that fact that in order to gain customers’ loyalty the business experts have to implement effective strategies and policies. If the customers do not their interest in purchasing products and services, the entire business organization fails to achieve its business goals and objectives. On the other hand, it has also been observed that the customer service managers can directly interact with the service users and hare their point of views with customers. The study has also highlighted that fact that the customers would not have to face challenges in receiving their services if the business executives want to share a good bond. It can be therefore concluded that customer relationship management is one of the most effective parts
23RESEARCH PAPER ofretainingcustomersattheworkplace.Inordertomaintaincustomerrelationship management the business experts have to focus on improving various spheres of business. Therefore, customer relationship management in other word is an effective strategy and policy with the help of which the business experts intend to build the heed of customers and maintain organizational sustainability. The study has also highlighted that fact that by involving the opinion of numerous eminent scholars, the study has evaluated the fact that amidst most of the effective plans of customer management the business expert’s primary focus on three major factors. Some of the most effective strategies for maintaining customer relationship management have also been critically evaluated in this study. Customer retention is highly important for maintaining organizational glory as well as profitability. Therefore, customer relationship management is the only significant strategy that can be implemented within business organization for meeting customers’ needs and demands. At the end, the study has critically found out major literature gap for improving the future scope of the study.
24RESEARCH PAPER Chapter 3: Research Methodology Research methodology consists of specific techniques for classifying, choosing, processingandevaluatinginformationregardingthetopicofresearch.Research methodology is chosen based on the objective of the research. Saunders research onion has been used to develop the research methodology which each layer of the onion will unfold a suitable instrument to be used in the research. This approach to research provides knowledge regarding the boundaries and limitation within which the data will be collected and analysed in the research (Mackey and Gass 2015). The core of the research onion is chosen by keeping parity with the outer layer to manage reliability and validity of the research.The different objectives of a research are explanation, description and prediction (Silverman 2016). The purpose of the research is understanding the cause and effect relationship between customer relationship management and customer retention. Therefore, the study has used experimental research to examine the cause and effect relationship between both the variables. This is an applied research as it addresses a research problem having practical implications on business entities (Taylor,Bogdan and DeVault 2015). The research would provide suitable recommendations based on the findings which can be implemented by the managers to improve the customer relationship management strategies and retention of the existing consumers. The research methodology section has provided detailed description of research approach, philosophy, design, data collection, data analysis, sampling, reliability, validity and ethical aspects of the research. 3.1 Research Philosophy Research philosophy defines the beliefs and assumptions made by the researcher while performing the collection and analysis of data.These assumptions can be ontological (basedonnatureofreality),epistemological(assumptionsregardingknowledge)and
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25RESEARCH PAPER axiological (based on ethics and values) (Hughes and Sharrock 2016). Epistemological view provides the opportunity of using different types of research methods and it is more appropriate for the development of the knowledge in business and management.The differenttypesofphilosophiesinresearcharepositivism,interpretivism,realismand pragmatism (Padilla-Díaz 2015). Positivism facilitates in taking scientific approach in the research where observations are taken into account to develop effective generalisations. The knowledge that is developed in positivism is accurate and unambiguous. Positivist approach follows scientific empiricist approach to yield pure facts and data that is uninfluenced by human bias and interpretation.Positivism facilitates in evaluating the cause and effect relationship between customer relationship management and customer retention.Positivism also facilitates in conducting quantitative analysis of data.The hypothesis has already been developed based on the existing theories in the research and positivism will assist in testing the theory and developing generalisations. This is the reason that positivism has been chosen as the philosophy in this research. 3.2 Research Approach There are two methods of reasoning in business research which covers a broad area and these two approaches are inductive and deductive. These approaches define the type of research to be performed. Deductive approach and inductive approach are differentiated by the importance of hypothesis in the research and the way the hypothesis is formulated. Inductive approach is more suited in research where specific observations are developed into tentative theories (Sekaran and Bougie 2016). Therefore, new generalisations and paradigms are formulated in this type of research approach. However, this study has used deductive approachasitmovesfromgeneralisationstospecificresults. In deductiveapproach, hypothesis is developed from the existing theories and these theories tested by quantifiable data collection and analysis (Jackson 2015). The top down approach best suited in this
26RESEARCH PAPER research as conclusions has been derived from the facts that are available. This also facilitates in numerical estimation and drawing statistical inference in the research. 3.3 Research Design Research design has been defined differently by different researchers where some considers is as the choice between qualitative and quantitative data. On the contrary, research design has also been defined as the selection of different research instruments for effectively collecting and processing data. In general, research design is the plan of using different research instruments for addressing the research question. The three major types of research design are exploratory, explanatory and conclusive (Meyers, Gamst and Guarino 2016). Explorative research design is used in cases where there is lack of research and particular aspects of the research area are explored. Exploratory study does not aim to provide any conclusion in the research and does not provide any definitive answer to the research question (Kratochwill 2015). However, exploratory research provides in-depth analysis at varied levels within the research scope. The flexibility of this type of research design is high as it facilitates in changing the direction of the research at any time. On the contrary, conclusive research design are used to generate or develop findings that have practical implications. The current study fits the criteria of conclusive research as the results will facilitate in improving customer relationship management strategies and customer retention at Aramex. Conclusive research assists in using quantitative methods of collecting and processing data (Lewis 2015). The conclusive research design is ideal for establishingrelationshipbetweentwovariablesanddevelopingfindingsthathelpsin effective decision making. Conclusive research design can be further divided into two parts, one is causal research design and another is descriptive research design.The descriptive research is used for description of functions of phenomenon where case study method, cross section study, longitudinal study, case series study and retrospective study (Hox, Moerbeek
27RESEARCH PAPER and Van de Schoot 2017).However, in this research, causal research design is the most appropriate as it has facilitated in measuring the relationship between customer relationship management and customer retention strategies. 3.4 Data collection and analysis This study has used a single research design and primary method has been used for collecting data from the respondents. Secondary data has been collected to critical analyse past literature on similar topics. This has provided in understanding the major gap in the previous researches and a new design has been developed to address the gap in the literature. The secondary data has been collected from peer reviewed journals that have been published in the last 5 years. The primary data has been collected by generating a survey questionnaire. The survey questionnaire consists of close ended questions and majority of the questions are based on five-point Likert scale (Palinkas et al. 2015).The close ended questionnaire facilitates in collecting quantitative data which can be statistically analysed. The close ended questionnaire has also facilitated in collecting data that is relevant to the research. The study has also collected qualitative data where open ended questions will be asked in interviews to the managers. The open-ended question has facilitated in conducting in-depth analysis of the data. The data has been analysed using statistical tool like SPSS (statistical package for social sciences). The research has used inferential statistics to establish the relationship betweencustomerrelationshipmanagementandcustomerretention.Theresponse frequencies of the participants have been represented in tabular form along with graphs. Descriptive statistics have been displayed and discussed which consists of mean, media, mode and standard deviation. Pearson’s Correlation has been used as a method of analysing the nature and degree of correlation between the variables (Quinlan et al. 2019). Regression analysis has been used to test the hypothesis developed where F statistics have been used to
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28RESEARCH PAPER reject the null hypothesis. The qualitative data has been analysed using coding where both open coding and axial coding has been used. The answers of the respondents have been analysed to identify the key terms and phrases. These phrases are related to theories to generate significant findings. The results from both qualitative and quantitative analysis has been amalgamated to draw conclusions. 3.5 Sampling Sampling is the method of choosing elements from the whole population. Sampling is used to reduce the sampling size so that cost and time of conducting the research is also minimized.Sampling process goes through five phases in case of primary data where selecting the target population, sampling frame, sample size, sampling method and the implementation are the steps. There are two types of sampling, one is probabilistic sampling and other is non-probabilistic sampling (Etikan, Musa and Alkassim 2016).Probabilistic sampling and non-probabilistic sampling can be further classified into different methods. Probabilistic sampling can be classified into simple random sampling, stratified sampling, cluster sampling and systematic sampling. Non-probabilistic sampling can be divided into quotasampling,purposivesampling,multistagesampling,snowballsamplingand convenience sampling (Gadde and Ortega 2015). In this study, the target population consists of the population in UAE and the sampling frame will include only the consumers and managers of Aramex. The sample size of the study consists of 100 consumers and 5 managers of Aramex. Simple random sampling has been chosen as the method of sampling for quantitative data. Simple random sampling is based on randomization which provides equal opportunity to the consumers for being chosen. Purposive sampling has been used as the method of the choosing managers within the organization.
29RESEARCH PAPER 3.6 Reliability and Validity Reliability is the ability of the research to replicate the results by using different sets of data. Reliability measures the precision of the instruments and the internal consistency of the data collected. Cronbach’s Alpha has been used to measure the internal consistency of the data collected. The scale reliability of the data is measured using cronbach’s alpha test. Test retest reliability has been used to measure the reliability of the qualitative data (Noble. and Smith 2015). Validity measures the suitability of the instruments used in the research and in this study, pilot testing has been used to check the suitability of the questions in the research. In pilot testing the question is sent to 10 consumers to check whether proper answers are derived or not. The research has used construct validity to measure the validity of the qualitative data. 3.7 Ethical consideration Ethical consideration is one of the most crucial aspect for failure and success of the research.The study has made sure to keep in mind the three cardinal sins of research. Plagiarism, fabrication and falsification has been avoided in the research.The authors have been credit for their contribution in the research by providing proper citations. The data collected is authentic and none of the data is falsified for develop significant result in the research.None of the data has been manipulated to generate findings in accordance to the objective of the research (Bell, Bryman and Harley 2018).The study has followed the data protection act to protect the privacy of the respondents. The participants’ anonymity has been maintained and none of the data has been used for any other purpose. A consent form has been sent to the participants which consists of all the details of the research. The purpose of the research has been clearly communicated to the study so that the respondents have full knowledge about the research. The respondents took part in the research on their free will and none of them has been forced to take part.The questionnaire does not consist of any
30RESEARCH PAPER discriminatory question which would harm the sentiments of the respondents. The collected data has been stored effectively and will be destroyed after the research is completed.
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31RESEARCH PAPER Chapter 4: Findings and analysis This chapter has critically evaluated the data from both quantitative method and qualitative method.The quantitative data has been evaluated by statistical tools and inferential statistics. On the other hand, qualitative data has been evaluated using coding. The data collected has been represented in tables and every table has been aptly interpreted to draw relevant insights in respect to the research topic. 4.1 Quantitative Analysis 4.1.1 Reliability test Reliability Statistics Cronbach's AlphaCronbach's Alpha Based on Standardized Items N of Items .931.93615 Table 1: Reliability statistics (Source: As created by author) Cronbach’s Alpha is used for measuring the internal consistency of the data collected. Thisisanappropriatemethodofmeasuringthescalereliabilitywherethesurvey questionnaire consists of the questions having multiple Likert scale options.The value of cronbach’s alpha in the study is .931 which shows that there is high level of internal consistency between the variables. The item total statistics in the table below shows the value of cronbach’s alpha if any item is deleted. It has been seen that in case of the first questions, the value of alpha increases if these variables are deleted. This is also evident from the fact thatcorrecteditem-totalcorrelationisalmostnegligiblewhencomparedto theother variables. This is due to the fact that these variables are not using multiple scale options for
32RESEARCH PAPER the questions. These questions does not have any impact on the examining the relationship between customer relationship and customer retention. Item-Total Statistics Scale Mean if Item Deleted Scale Variance if Item Deleted Corrected Item-Total Correlation Squared Multiple Correlation Time period of being associated with the organization 27.62125.753-.022.109 Gender28.92125.711.041.152 Tier of consumers27.41124.810-.021.104 Call centre provides best possible service 28.44106.471.871.818 satisfaction with outlet representatives 28.46108.716.862.793 Satisfaction with courier services 28.51106.071.863.840 good experience with sales employees 28.47108.231.852.762 Recommend company services to friends, family and acquaintances 28.48107.101.849.801 Good experience with mobile application 28.55106.876.861.803 Excellent delivery28.57105.904.877.810
33RESEARCH PAPER service Importance to the needs of the consumers are given 28.54106.877.865.782 Value is given to develop a healthy relationship 28.46107.180.853.831 Satisfactory effort is being made to establish a good relationship 28.50108.131.844.777 Trust level28.55104.755.889.819 Overall Satisfaction level28.54107.604.828.730 Table 2: Item-total Statistics (Source: As created by author) Item-Total Statistics Cronbach's Alpha if Item Deleted Time period of being associated with the organization.945 Gender.937 Tier of consumers.954 Call centre provides best possible service.920 satisfaction with outlet representatives.921 Satisfaction with courier services.920 good experience with sales employees.921 Recommend company services to friends, family and.921
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34RESEARCH PAPER acquaintances Good experience with mobile application.920 Excellent delivery service.920 Importance to the needs of the consumers are given.920 Value is given to develop a healthy relationship.921 Satisfactory effort is being made to establish a good relationship .921 Trust level.919 Overall Satisfaction level.921 Table 3: Item-total Statistics (Source: As created by author) 4.1.2 Descriptive statistics Statistics No of respondents Time period of being associated with the organization GenderTier of consumers Call centre provides best possible service NValid100100100100100 Missin g 00000 Mean2.811.513.021.99 Median3.002.003.002.00 Mode4212
35RESEARCH PAPER Std. Deviation1.098.5021.5241.049 Variance1.206.2522.3231.101 Table 4 (Source: As created by author) Statistics satisfaction with outlet representativ es Satisfaction with courier services good experience with sales employees Recommend company services to friends, family and acquaintance s Good experience with mobile application NValid100100100100100 Missin g 00000 Mean1.971.921.961.951.88 Median2.002.002.002.002.00 Mode21a221 Std. Deviation.9371.079.9741.0381.037 Variance.8781.165.9481.0781.076 Table 5 (Source: As created by author) Statistics
36RESEARCH PAPER Excellent delivery service Importance to the needs of the consumers are given Value is given to develop a healthy relationship Satisfactory effort is being made to establish a good relationship Trust level NValid100100100100100 Missing00000 Mean1.861.891.971.931.88 Median2.002.002.002.002.00 Mode11221 Std. Deviation1.0731.0341.029.9871.122 Variance1.1521.0691.060.9751.258 Table 6 (Source: As created by author) Statistics Overall Satisfaction level NValid100 Missing0 Mean1.89 Median2.00 Mode1 Std. Deviation1.034 Variance1.069
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37RESEARCH PAPER a. Multiple modes exist. The smallest value is shown Table 7 (Source: As created by author) The above tables show the descriptive statistics of the data collected where mean, median, mode, standard deviation and variance has been calculated. The entire population of the sample has been represented using the descriptive statistics in the research. The data has been broken down into measures of central tendency and variability. 4.1.3 Quantitative Questions 1. How long have you been availing services of Aramex?(where 1- Less than 1, 2- 1-2, 3- 2-4 and 4- More than 4) Time period of being associated with the organization FrequencyPercentValid PercentCumulative Percent ValidLess than 1 1616.016.016.0 1-22323.023.039.0 2-42525.025.064.0 More than 4 3636.036.0100.0 Total100100.0100.0 Table 8: Time period of being associated with the organization (Source: As created by author)
38RESEARCH PAPER Figure 1:Time period of being associated with the organization (Source: As created by author) This question has aimed to identify the time period of association of the consumers with Aramex.The results show that 36% of the respondents have been associated with the organization for more than 4 years and 25% of the respondents have been availing the service between 2-4 years. On the other hand, 23% of the consumers have been associated with the organization between 1-2 years and 16% have been associated with the organization for less than a year.
39RESEARCH PAPER 2. Your Gender?(1- Male, 2- Female) Gender FrequencyPercentValid PercentCumulative Percent ValidMale4949.049.049.0 Female5151.051.0100.0 Total100100.0100.0 Table 9:Gender (Source: As created by author) Figure 2:Gender (Source: As created by author) This question aims to examine the gender parity between the respondents in the research.In this study, 49% of the respondents are male and 51% of the respondents are female.
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40RESEARCH PAPER 3. Tier of consumer?(1- Tier 1, 2- Tier 2, 3- Tier 3, 4- Shop and Ship, 5- Cash Customers) Tier of consumers FrequencyPercentValid PercentCumulative Percent ValidTier 12525.025.025.0 Tier 21515.015.040.0 Tier 31717.017.057.0 Shop and Ship 1919.019.076.0 Cash Customers 2424.024.0100.0 Total100100.0100.0 Table 10:Tier of consumers (Source: As created by author)
41RESEARCH PAPER Figure 3:Tier of consumers (Source: As created by author) The question highlights the type of consumers taking part in the survey. This result of the survey shows that 25% of the consumers belong to tier 1, 24% of the consumers belong to cash customers, 19% of the respondents belong to the category of shop and ship, 17% belong to Tier 3 and 15% belong to Tier 2. 4. How far do you agree that Aramex call centres provide you the best possible service? (1- Strongly agree, 2- Agree, 3- Indifferent , 4- Disagree, 5- Strongly disagree) Call centre provides best possible service FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 3434.034.034.0 Agree4848.048.082.0 Indifferent99.09.091.0
42RESEARCH PAPER Disagree33.03.094.0 Strongly disagree 66.06.0100.0 Total100100.0100.0 Table 11:Call centre provides best possible service (Source: As created by author) Figure 4:Call centre provides best possible service (Source: As created by author) The question aims to portray the quality of the call centre services of Aramex. The findings show that 34% and 48% have strongly agreed and agreed to the respondents in the
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43RESEARCH PAPER survey. On the contrary, it has been seen that 9% are neutral, 3% and 6% have disagreed and strongly disagreed to the research question. This shows that the consumers are quite satisfied with the call centre services of the organization. 5. How far do you agree that you are satisfied with the outlet representatives of Aramex?(1- Strongly agree, 2- Agree, 3- Indifferent , 4- Disagree, 5- Strongly disagree) Satisfaction with outlet representatives FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 3232.032.032.0 Agree5050.050.082.0 Indifferent99.09.091.0 Disagree77.07.098.0 Strongly disagree 22.02.0100.0 Total100100.0100.0 Table 12:Satisfaction with outlet representatives (Source: As created by author)
44RESEARCH PAPER Figure 5:Satisfaction with outlet representatives (Source: As created by author) The question aims to examine the satisfaction of the respondents with the outlet representatives of Aramex. The findings show that 32% and 50% have strongly agreed and agreed to the respondents in the survey. On the contrary, it has been seen that 9% are neutral, 7% and 2% have disagreed and strongly disagreed to the research question. This clearly indicate that the outlet representatives have been able to effectively deliver great quality of services to the consumers. This means that there has been effective implementation of customer relationship management within the organization and it is expected that there will increase in consumer loyalty. 6. How far do you agree that you are satisfied with the courier services of Aramex?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Satisfaction with courier services FrequencyPercentValid PercentCumulative
45RESEARCH PAPER Percent ValidStrongly agree 4141.041.041.0 Agree4141.041.082.0 Indifferent99.09.091.0 Disagree33.03.094.0 Strongly disagree 66.06.0100.0 Total100100.0100.0 Table 12:Satisfaction with courier services (Source: As created by author) Figure 6:Satisfaction with courier services
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46RESEARCH PAPER (Source: As created by author) The question has critically analysed the satisfaction of the customers with the courier services of Aramex. The outcomes show that 41% have strongly agreed and 41% have agreed to the respondents in the survey.On the contrary, it has been seen that 9% are neutral, 3% and 6% have disagreed and strongly disagreed to the research question. This question has also revealed that the consumers have been highly satisfied with the courier services and it has increased their loyalty towards the organization. 7. How far do you agree that you have good experience with the sales employees of Aramex?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Good experience with sales employees FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 3434.034.034.0 Agree4848.048.082.0 Indifferent99.09.091.0 Disagree66.06.097.0 Strongly disagree 33.03.0100.0 Total100100.0100.0 Table 13:Good experience with sales employees (Source: As created by author)
47RESEARCH PAPER Figure 7:Good experience with sales employees (Source: As created by author) Thequestionhashighlightedtheexperienceofthecustomerswiththesales employees of Aramex. The outcomes show that 34% have strongly agreed and 48% have agreed to the respondents in the survey. On the contrary, it has been seen that 9% are neutral, 6% and 3% have disagreed and strongly disagreed to the research question. This question has also revealed that the consumers have had a good experience in most of the occasions. There are few consumers that have not had an appropriate experience with the company. 8. How far do you agree that you will recommend our company to your family, friends and acquaintances?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Recommend company services to friends, family and acquaintances FrequencyPercentValid PercentCumulative Percent
48RESEARCH PAPER ValidStrongly agree 3737.037.037.0 Agree4545.045.082.0 Indifferent99.09.091.0 Disagree44.04.095.0 Strongly disagree 55.05.0100.0 Total100100.0100.0 Table 13:Recommend company services to friends, family and acquaintances (Source: As created by author) Figure 8:Recommend company services to friends, family and acquaintances (Source: As created by author) The question has evaluated the loyalty of the consumers towards Aramex. The findings have shown that 37% have strongly agreed and 45% have agreed to the respondents
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49RESEARCH PAPER in the survey.On the contrary, it has been seen that 9% are neutral, 4% and 5% have disagreed and strongly disagreed to the research question. This shows that majority of the respondents have recommended the company to friends, family and acquaintances or are willing to do so. This response is quite positive which shows that majority of the consumers are quite loyal to the company.
50RESEARCH PAPER 9. How far do you agree that you have good experience with the mobile application of Aramex?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Good experience with mobile application FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 4343.043.043.0 Agree3939.039.082.0 Indifferent99.09.091.0 Disagree55.05.096.0 Strongly disagree 44.04.0100.0 Total100100.0100.0 Table 14:Recommend company services to friends, family and acquaintances (Source: As created by author)
51RESEARCH PAPER Figure 9:Good experience with mobile application (Source: As created by author) The question has examined the experience of the consumers with mobile application of Aramex. The findings have shown that 43% have strongly agreed and 39% have agreed to the respondents in the survey. On the contrary, it has been seen that 9% are neutral, 5% and 4% have disagreed and strongly disagreed to the research question. User friendliness on technological platform is one of the key aspects of providing the consumers with excellent experience and the results reflect the same thing.The mobile application provides the consumers with knowledge regarding their packages and deliveries so effective online platform contributes to the customer journey map. 10. How far do you agree that you are provided with excellent delivery service of the company?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Excellent delivery service FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 4646.046.046.0 Agree3636.036.082.0 Indifferent99.09.091.0 Disagree44.04.095.0 Strongly disagree 55.05.0100.0 Total100100.0100.0 Table 14:Excellent delivery service
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52RESEARCH PAPER (Source: As created by author) Figure 10:Excellent delivery service (Source: As created by author) The question has aimed to evaluate the quality of the delivery service of the consumers of Aramex. The findings have shown that 46% have strongly agreed and 36% have agreed to the respondents in the survey.On the contrary, it has been seen that 9% are neutral, 4% and 5% have disagreed and strongly disagreed to the research question.This results clearly show that delivery service is excellent and majority of the consumers are satisfied with the service. However, it is essential for the organization to examine those consumers that are not satisfied with the consumer so that consistency of the services can be increased.
53RESEARCH PAPER 11. How far do you agree that our company gives importance to the needs of the consumers?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Importance is given to the needs of the consumers FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 4242.042.042.0 Agree4040.040.082.0 Indifferent99.09.091.0 Disagree55.05.096.0 Strongly disagree 44.04.0100.0 Total100100.0100.0 Table 14:Importance is given to the needs of the consumers (Source: As created by author) Figure 11:Importance is given to the needs of the consumers
54RESEARCH PAPER (Source: As created by author) The question has highlighted the level of importance given to the needs of the consumers in Aramex. The findings have shown that 42% have strongly agreed and 40% have agreed to the respondents in the survey.On the contrary, it has been seen that 9% are neutral, 5% and 4% have disagreed and strongly disagreed to the question. The majority of the consumers have felt that adequate importance has been given to them but it is critical to analyse the consumer and mode of service that has made the consumer feel less important. 12. How far do you agree that our company gives value in developing a healthy relationship with the consumers?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Value is given to develop a healthy relationship FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 3535.035.035.0 Agree4747.047.082.0 Indifferen t 99.09.091.0 Disagree44.04.095.0 Strongly disagree 55.05.0100.0 Total100100.0100.0 Table 14:Value is given to develop a healthy relationship
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55RESEARCH PAPER (Source: As created by author) Figure 12:Value is given to develop a healthy relationship (Source: As created by author) The question has highlighted the value given to develop a healthy relationship for the consumers in Aramex. The findings have shown that 35% have strongly agreed and 47% have agreed to the respondents in the survey.On the contrary, it has been seen that 9% are neutral, 4% and 5% have disagreed and strongly disagreed to the question. The majority of the consumers have felt that adequate importance has been given to them but it is critical to analyse the consumer and mode of service that has made the consumer feel less important. 13. How far do you agree that our organization makes satisfactory effort in building relationship with the consumers?(1- Strongly agree, 2- Agree, 3- Indifferent , 4- Disagree, 5- Strongly disagree) Satisfactory effort is being made to establish a good relationship FrequencyPercentValid PercentCumulative
56RESEARCH PAPER Percent ValidStrongly agree 3737.037.037.0 Agree4545.045.082.0 Indifferen t 99.09.091.0 Disagree66.06.097.0 Strongly disagree 33.03.0100.0 Total100100.0100.0 Table 15:Satisfactory effort is being made to establish a good relationship (Source: As created by author) Figure 13:Satisfactory effort is being made to establish a good relationship (Source: As created by author)
57RESEARCH PAPER The question has examined the perception of the consumers regarding the effort given to develop a healthy relationship for the consumers in Aramex. The findings have shown that 37% have strongly agreed and 45% have agreed to the respondents in the survey.On the contrary, it has been seen that 9% are neutral, 6% and 3% have disagreed and strongly disagreed to the question. The majority of the consumers have felt that the company has made significant effort in developing an effective relationship with the consumers. 14. How far do you agree that you have placed your trust on Aramex?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Trust level FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 4646.046.046.0 Agree3636.036.082.0 Indifferen t 99.09.091.0 Disagree22.02.093.0 Strongly disagree 77.07.0100.0 Total100100.0100.0 Table 16:Trust level (Source: As created by author)
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58RESEARCH PAPER Figure 14:Trust level (Source: As created by author) The question has identified the trust level of the consumers towards the services provided by Aramex. The findings have shown that 46% have strongly agreed and 36% have agreed to the respondents in the survey. On the contrary, it has been seen that 9% are neutral, 2% and 7% have disagreed and strongly disagreed to the question. The majority of the consumers have developed a trust level towards the organization but there are still 9% respondents that do not trust the services the provided by the organization. 15. How far do you agree that you are satisfied with the overall experience with the services of the organization?(1- Strongly agree, 2- Agree, 3- Indifferent, 4- Disagree, 5- Strongly disagree) Overall Satisfaction level
59RESEARCH PAPER FrequencyPercentValid PercentCumulative Percent ValidStrongly agree 4242.042.042.0 Agree4040.040.082.0 Indifferen t 99.09.091.0 Disagree55.05.096.0 Strongly disagree 44.04.0100.0 Total100100.0100.0 Table 17:Overall Satisfaction level (Source: As created by author)
60RESEARCH PAPER Figure 15: Overall Satisfaction level of the consumers (Source: As created by author) The question has depicted the overall satisfaction level of the consumers of Aramex. The findings have shown that 42% have strongly agreed and 40% have agreed to the respondents in the survey. On the contrary, it has been seen that 9% are neutral, 5% and 4% have disagreed and strongly disagreed to the question. The majority of the consumers are satisfied with the overall services provided by the organization. However, it is crucial to examine the reason the remaining consumers are not satisfied as it is affecting the business.
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61RESEARCH PAPER 4.1.3 Correlation Correlations Time period of being associ ated with the organi zation Ge nde r Tier of consu mers Call cent re prov ides best poss ible serv ice satisfact ion with outlet represe ntatives Satisf action with courie r servic es good exper ience with sales empl oyees Recom mend compa ny service s to friends, family and acquain tances Good exper ience with mobil e applic ation Exce llent deliv ery servi ce Impor tance to the needs of the consu mers are given Value is given to devel op a health y relatio nship Satisf actory effort is being made to establi sh a good relatio nship Tru st leve l Overa ll Satisf action level Time period Pears on 1.10 4 .087-.08 1 -.064-.090-.036-.079-.056.011.035-.041-.003.014-.027
62RESEARCH PAPER of being associat ed with the organiz ation Corre lation Sig. (2- tailed ) .30 2 .391.426.524.375.726.433.582.910.731.687.976.889.786 Sum of Squar es and Cross - produ cts 119.39 0 5.6 90 14.38 0 - 9.19 0 -6.570- 10.52 0 - 3.760 -8.950- 6.280 1.34 0 3.910-4.570-.3301.72 0 -3.090 Covar iance 1.206.05 7 .145-.09 3 -.066-.106-.038-.090-.063.014.039-.046-.003.017-.031
63RESEARCH PAPER N100100100100100100100100100100100100100100100 GenderPears on Corre lation .1041-.093.029.097.001.083-.009.022.021.109-.048.073.092.012 Sig. (2- tailed ) .302.359.775.336.988.409.931.830.833.280.634.472.364.907 Sum of Squar es and Cross - produ 5.69024. 990 - 7.020 1.51 0 4.530.0804.040-.4501.1201.14 0 5.610-2.4703.5705.12 0 .610
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64RESEARCH PAPER cts Covar iance .057.25 2 -.071.015.046.001.041-.005.011.012.057-.025.036.052.006 N100100100100100100100100100100100100100100100 Tier of consum ers Pears on Corre lation .087-.09 3 1.013.015-.060.007-.070-.011.026-.005-.064-.086-.02 8 -.005 Sig. (2- tailed ) .391.35 9 .900.886.550.942.492.912.794.961.527.393.781.961 Sum of Squar es and 14.380- 7.0 20 229.9 60 2.02 0 2.060-9.8401.080-10.900- 1.760 4.28 0 -.780-9.940- 12.86 0 - 4.76 0 -.780
65RESEARCH PAPER Cross - produ cts Covar iance .145-.07 1 2.323.020.021-.099.011-.110-.018.043-.008-.100-.130-.04 8 -.008 N100100100100100100100100100100100100100100100 Call centre provide s best possible service Pears on Corre lation -.081.02 9 .0131.791**.838**.761**.797**.825**.842* * .781**.804**.760**.806 ** .753** Sig. (2- tailed ) .426.77 5 .900.000.000.000.000.000.000.000.000.000.000.000 Sum-9.1901.52.020108.76.97093.9276.9685.95088.8893.883.8985.9777.9393.880.89
66RESEARCH PAPER of Squar es and Cross - produ cts 1099000060000800 Covar iance -.093.01 5 .0201.10 1 .777.949.777.868.898.948.847.868.787.948.817 N100100100100100100100100100100100100100100100 satisfact ion with outlet represe ntatives Pears on Corre lation -.064.09 7 .015.791 ** 1.787**.752**.777**.807**.789* * .779**.816**.795**.785 ** .747** Sig. (2- .524.33 6 .886.000.000.000.000.000.000.000.000.000.000.000
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73RESEARCH PAPER ) Sum of Squar es and Cross - produ cts 1.3401.1 40 4.28093.8 60 78.58092.88 0 80.44 0 85.30089.32 0 114. 040 87.46 0 84.58 0 83.02 0 97.3 20 79.46 0 Covar iance .014.01 2 .043.948.794.938.813.862.9021.15 2 .883.854.839.983.803 N100100100100100100100100100100100100100100100 Importa nce to the needs Pears on Corre lation .035.10 9 -.005.781 ** .779**.807**.778**.776**.769**.796* * 1.737**.774**.799 ** .773**
74RESEARCH PAPER of the consum ers are given Sig. (2- tailed ) .731.28 0 .961.000.000.000.000.000.000.000.000.000.000.000 Sum of Squar es and Cross - produ cts 3.9105.6 10 -.78083.8 90 74.67089.12 0 77.56 0 82.45081.68 0 87.4 60 105.7 90 77.67 0 78.23 0 91.6 80 81.79 0 Covar iance .039.05 7 -.008.847.754.900.783.833.825.8831.069.785.790.926.826 N100100100100100100100100100100100100100100100 Value isPears-.041-.04-.064.804.816**.852**.775**.840**.772**.773*.737**1.773**.810.756**
75RESEARCH PAPER given to develop a healthy relation ship on Corre lation 8***** Sig. (2- tailed ) .687.63 4 .527.000.000.000.000.000.000.000.000.000.000.000 Sum of Squar es and Cross - produ cts -4.570- 2.4 70 - 9.940 85.9 70 77.91093.76 0 76.88 0 88.85081.64 0 84.5 80 77.67 0 104.9 10 77.79 0 92.6 40 79.67 0 Covar-.046-.02-.100.868.787.947.777.897.825.854.7851.060.786.936.805
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76RESEARCH PAPER iance5 N100100100100100100100100100100100100100100100 Satisfac tory effort is being made to establis h a good relation ship Pears on Corre lation -.003.07 3 -.086.760 ** .795**.753**.764**.765**.790**.791* * .774**.773**1.813 ** .774** Sig. (2- tailed ) .976.47 2 .393.000.000.000.000.000.000.000.000.000.000.000 Sum of Squar es and Cross - -.3303.5 70 - 12.86 0 77.9 30 72.79079.44 0 72.72 0 77.65080.16 0 83.0 20 78.23 0 77.79 0 96.51 0 89.1 60 78.23 0
79RESEARCH PAPER Sum of Squar es and Cross - produ cts -3.090.61 0 -.78080.8 90 71.67086.12 0 73.56 0 80.45080.68 0 79.4 60 81.79 0 79.67 0 78.23 0 89.6 80 105.7 90 Covar iance -.031.00 6 -.008.817.724.870.743.813.815.803.826.805.790.9061.069 N100100100100100100100100100100100100100100100 **. Correlation is significant at the 0.01 level (2-tailed)
RESEARCH PAPER80 The correlationtableclearlyshows thatmajorityof the elementsof customer relationship management is positively correlated with the elements of customer retention. The average correlation value is 0.7 and it is significant at two tailed. The two tailed test has assisted in understanding the direction and degree of relationship between both the variables. The Pearson’s correlation clearly shows that customer satisfaction and customer loyalty is directly linked to the quality of service provided by the organization. 4.1.4 Cross tabulation Tier of consumers * Call centre provides best possible service Crosstabulation Count Call centre provides best possible serviceTotal Strongl y agree AgreeNeutralDisagre e Strongl y Disagre e Tier of consumers Tier 1101030225 Tier 26620115 Tier 341011117 Shop and Ship 61020119 Cash Custome rs 81212124 Total3448936100
RESEARCH PAPER81 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data. Tier of consumers * satisfaction with outlet representatives Crosstabulation Count satisfaction with outlet representativesTotal Strongl y agree AgreeNeutralDisagre e Strongl y Disagre e Tier of consumers Tier 181232025 Tier 24821015 Tier 36812017 Shop and Ship 61021019 Cash Customers 81211224 Total3250972100 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data. Tier of consumers * Satisfaction with courier services Crosstabulation
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RESEARCH PAPER82 Count Satisfaction with courier servicesTotal Strongl y agree AgreeNeutralDisagre e Strongl y Disagre e Tier of consumers Tier 1101030225 Tier 24820115 Tier 38611117 Shop and Ship 61020119 Cash Customers 13712124 Total4141936100 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data. Tier of consumers * good experience with sales employees Crosstabulation Count good experience with sales employeesTotal Strongl y agree AgreeNeutralDisagre e Strongl y Disagre
RESEARCH PAPER83 e Tier of consumers Tier 1101032025 Tier 23921015 Tier 341011117 Shop and Ship 8821019 Cash Customers 91111224 Total3448963100 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data. Tier of consumers * Recommend company services to friends, family and acquaintances Crosstabulation Count Recommend company services to friends, family and acquaintances Strongly agree AgreeNeutralDisagreeStrongly Disagree Tier of consumers Tier 1911311 Tier 239201 Tier 368111
RESEARCH PAPER84 Shop and Ship 610201 Cash Customers 137121 Total3745945 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data. Tier of consumers * Good experience with mobile application Crosstabulation Count Good experience with mobile applicationTotal Strongl y agree AgreeNeutralDisagre e Strongl y Disagre e Tier of consumers Tier 191131125 Tier 28421015 Tier 36811117 Shop and Ship 10621019 Cash Customers 101011224 Total4339954100
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RESEARCH PAPER85 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data. Tier of consumers * Excellent delivery service Crosstabulation Count Excellent delivery serviceTotal Strongl y agree AgreeNeutralDisagre e Strongl y Disagre e Tier of consumers Tier 112831125 Tier 29320115 Tier 36811117 Shop and Ship 8821019 Cash Customers 11911224 Total4636945100 The cross tabulation between the type of consumers and their opinion on the respective topic does not have significant implication. There is no difference in behaviour pattern among the consumers and there is even spread across the population. The cross tabulation has not been able to derive any significant result from the data.
RESEARCH PAPER86 4.1.5 Regression analysis Regression Model Summaryb Mode l RR Square Adjusted R Square Std. Error of the Estimate Change Statistics R Square Change F Change df1 1.883a.780.769.500.78066.7375 Model Summaryb ModelChange Statistics df2Sig. F Change 194.0002.186 a. Predictors: (Constant), Trust level, Importance to the needs of the consumers are given , Value is given to develop a healthy relationship, Satisfactory effort is being made to establish a good relationship, Excellent delivery service b. Dependent Variable: Recommend company services to friends, family and acquaintances ANOVAa ModelSum of Squares dfMean SquareFSig. 1Regression83.288516.65866.737.000b Residual23.46294.250 Total106.75099
RESEARCH PAPER87 a. Dependent Variable: Recommend company services to friends, family and acquaintances b. Predictors: (Constant), Trust level, Importance to the needs of the consumers are given, Value is given to develop a healthy relationship, Satisfactory effort is being made to establish a good relationship, Excellent delivery service Coefficientsa ModelUnstandardized Coefficients Standardized Coefficients tSig. BStd. ErrorBeta 1(Constant).126.1171.081.282 Excellent delivery service .069.094.071.731.466 Importance to the needs of the consumers are given .185.092.1842.018.046 Value is given to develop a healthy relationship .427.091.4234.681.000 Satisfactory effort is being made to establish a good relationship .059.100.056.592.555 Trust level.208.098.2252.132.036
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RESEARCH PAPER88 a. Dependent Variable: Recommend company services to friends, family and acquaintances Residuals Statisticsa MinimumMaximumMeanStd. DeviationN Predicted Value1.074.681.95.917100 Residual-1.022.926.000.487100 Std. Predicted Value-.9552.977.0001.000100 Std. Residual-2.0451.853.000.974100 a. Dependent Variable: Recommend company services to friends, family and acquaintances Charts Regression analysis is used to develop a model to depict the relationship among two ormorevariables.Inthisscenario,linearmodellinghasbeenusedtoestablishthe relationship between customer relationship management and customer retention. The value of
RESEARCH PAPER89 Multiple R is 0.883 which measures the correlation between the variables and the study shows that there is strong positive correlation between the variables. R square is the coefficient of determination which measures the goodness of fit of the model developed in the research.R square also measures the explaining capability of the independent variable. The value of R square is 0.780 which is almost close to 0.8 and the value of the good of fit is high at 0.8. The histogram and the normal probability plot show that the data follows standard normal distribution and the data plotted in the graph also follows a linear pattern. This means that there is positive relationship between the variables in the research. It has also been seen concludedthat customerrelationshipmanagementcan explain78% of the characteristics of the independent variable, customer retention. The F statistics has shown that value of F is less than 0.05 which means that the null hypothesis can be rejected and the alternative hypothesis can be accepted. 4.2 Qualitative analysis QuestionsComments 1. What are the challenges you face while“In majority of the cases, we face challenge in
RESEARCH PAPER90 developingeffectiverelationshipwiththe consumers? coping up with the needs of the consumers and thenewtechnologicaldevelopmentinthe industry” “Wemainlyfaceissuesincontinuously innovating the services provided by us. It is tough to bring about rapid changes as economic implications are high in these scenarios.” “Wefacedifficultlyinunderstandingthe changingneedsoftheconsumersasitthe industry has become quite fast paced.” “In majority of the cases, we face challenge in coping up with the needs of the consumers and thenewtechnologicaldevelopmentinthe industry” “Wemainlyfaceissuesincontinuously innovating the services provided by us. It is tough to bring about rapid changes as economic implications are high in these scenarios.” 2. What is the role of technology in CRM implementation? “CRM is itself a technologicaltool used to effectively communicate with the consumers. Technology facilitates in developing effective software that improves the relationship with the consumers.” “Technology and CRM goes hand in hand and it helps in streamlining the business processes. It also helps in improving the profitability of the organization “ “Technology is a key component of customer
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RESEARCH PAPER91 relationship management and it helps us to stay connectedwiththeconsumers.Weeven understandtheneedsandwantsofthe consumers based on the data acquired through CRMtoolandassistsineffectivedecision making.” “CRM is itself a technologicaltool used to effectively communicate with the consumers. Technology facilitates in developing effective software that improves the relationship with the consumers.” “Technology is a key component of customer relationship management and it helps us to stay connectedwiththeconsumers.Weeven understandtheneedsandwantsofthe consumers based on the data acquired through CRMtoolandassistsineffectivedecision making.” 3. What are the methods you use while training employees in effective customer handling? “ We provide varied skills to our employees but we mainly focus on improving the soft skills of theemployeesandhandlingclientsunder pressure situation. “ “ We provide varied skills to our employees but we mainly focus on improving the soft skills of theemployeesandhandlingclientsunder pressure situation. “ “We provide varied skills to our employees but we mainly focus on improving the soft skills of
RESEARCH PAPER92 theemployeesandhandlingclientsunder pressure situation. “ “We provide varied skills to our employees but we mainly focus on improving the soft skills of theemployeesandhandlingclientsunder pressure situation. “ “We provide varied skills to our employees but we mainly focus on improving the soft skills of theemployeesandhandlingclientsunder pressure situation. “ 4.What is the role of CRM in customer retention? “CRM is one of the key aspects of retaining the existingconsumersanddevelopingeffective relationship with new consumers in the market. CRM improves the trust level and satisfaction of the employees which enhances the relationship between both the parties.” “Customer retention is enhanced by the CRM activitiesdevelopedbytheorganization.It facilitatesingainingdataoncustomer behaviour. “ “CRM is one of the key aspects of retaining the existingconsumersanddevelopingeffective relationship with new consumers in the market. CRM improves the trust level and satisfaction of the employees which enhances the relationship between both the parties.” “Customer relationship management is one of the effective tools for improving the satisfaction
RESEARCH PAPER93 level and loyalty of the consumers.” 5. How does the data collected through CRM processes help the business entity in enhancing the relationship with the consumers? “The data collected through CRM is used to analyse the behaviour of the consumers and their needs. We use CRM to streamline the processes and continuously improve logistics.” “The data collected through CRM is used to analyse the behaviour of the consumers and their needs. We use CRM to streamline the processes and continuously improve logistics.” “The data collected through CRM is used to analyse the behaviour of the consumers and their needs. We use CRM to streamline the processes and continuously improve logistics.” “The data collected through CRM is used to analyse the behaviour of the consumers and their needs. We use CRM to streamline the processes and continuously improve logistics.” “The data collected through CRM is used to analyse the behaviour of the consumers and their needs. We use CRM to streamline the processes and continuously improve logistics.”
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QuestionsCodes 1. What are the challenges you face while developingeffectiverelationshipwiththe consumers? Timeconstraint,rapidchangeinexternal environment and customer need 2. What is the role of technology in CRM implementation? Streamliningoverallprocesses,Collecting consumer data 3. What are the methods you use while training employees in effective customer handling? Soft skill training, customer handling techniques 4.What is the role of CRM in customer retention? Positiverelationship,directlyproportion, improves customer loyalty and satisfaction 5. How does the data collected through CRM processeshelpthebusinessentityin enhancingtherelationshipwiththe consumers? Analysingthebehaviouralpatternsofthe consumers
Chapter 5: Conclusion Objective 1: To explore the impact of customer relationship management on customer retention The findings of the study have clearly shown that there is positive relationship between customer retention and customer relationship management. The value of Multiple R is 0.883 which measures the correlation between the variables and the study shows that there is strong positive correlation between the variables. R square is the coefficient of determination which measures the goodness of fit of the model developed in the research. R square also measures the explaining capability of the independent variable. The value of R square is 0.780 which is almost close to 0.8 and the value of the good of fit is high at 0.8. The histogram and the normal probability plot show that the data follows standard normal distribution and the data plotted in the graph also follows a linear pattern. This means that there is positive relationship between the variables in the research. It has also been seen concluded that customer relationship management can explain 78% of the characteristics of the independent variable, customer retention. The F statistics has shown that value of F is less than 0.05 which means that the null hypothesis can be rejected and the alternative hypothesis can be accepted. Objective 2: To recognize the issues in customer relationship management process of Aramex As per the statements made by the managers, “We mainly face issues in continuously innovating the services provided by us. It is tough to bring about rapid changes as economic implications are high in these scenarios.” This shows that time, flexibility, continuous innovation and economic capital are few aspects which is keeping the customer relationship management
from being fully effective in the market.The company requires flexibility and high investment so that they can develop effective technology that would improve the overall process of adapting to the change in the consumer pattern. Objective 3: To recommend effective customer relationship management strategies to Aramex for retaining customers The report has provided following recommendation to improve the CRM process based on the issues identified and the responses of the consumers: It is essential to communicate rapidly and effectively to adapt to the changes in the working environment. It has often been observed that the business experts are not very accustomed of giving rapid feedback to the customers due to their inefficiency in management kill. In this kind of situation, the customers are not getting proper feedback from the customers. However, this very specific study has focused to make detailed overview on how business experts in providing rapid and prompt communication have dealt with the customers effectively. In order to maintain proper customer relationship, the managers intend to make direct and rapid feedback to the customers in order to maintain brand identity and brand image. It is key to maintain the quality of the services offered by the organization. It has been observed that service and product quality is one of the most important factors due to which customers tend to use the services.It has been stated thatthe organization on the other hand becomes successful in gaining image and reputation. While running the entire process of business in various geographical boundaries the business experts have to focus on providing good quality of services. Along with providing good quality of services, the
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business experts instruct the customers to deliver the products within stipulated deadline. In addition, quality service is always helpful in increasing the business wings in different geographical boundaries as well. The organization needs to increase the efficiency and customer orientation of the services provided by the organization. Effective customer service implies meeting deadline of delivering products. Customers do not like to receive late delivery especially in the shipping industry. Therefore, the business executives would have to be professionally trained so that they can deliver the services within proper time. With the help of providing effective response to the customers, the service providers can make a good rapport with each other. If the delivery executives do not become very much responsive, the customers start to lose their trust on the organization. Therefore, the business experts would have to be very much flexible in delivering the services within proper deadline. The organization needs to monitor and analyse the return on investment of customer relationship. After implementing different strategies on CRM, the business experts have to analyse the result or feedback by using ROI analysis. If the result is predicted as positive, the business experts can continue with the CRM strategy in future in quest of achieving business aims and objectives.
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