Specialist Project: Customer Loyalty in UK Retail Industry

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Added on  2023/06/08

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AI Summary
This specialist project (dissertation) investigates the role of customer loyalty programs in shaping customer perspectives within the UK retail industry, specifically focusing on Lidl. The research aims to examine various loyalty programs, their impact on customer perception, and the challenges faced in their implementation. The introduction provides an overview, followed by clearly defined research aims, objectives, and questions. The significance of the study is highlighted, emphasizing its importance for retail companies in a competitive environment and for researchers developing various skills. The rationale explains the choice of the topic, underscoring the value of loyalty programs for revenue generation. The project includes a literature review, research methodology (philosophy, choice, strategy, instrument, data collection, analysis, sampling, and ethical considerations), and potential outcomes, indicating the importance of customer loyalty in staying ahead of competitors and addressing changing customer behaviors. A Gantt chart is used for project management, and references support the research. The project provides a comprehensive analysis of customer loyalty programs and their impact on the retail sector.
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Specialist Project (Dissertation)
To examine the role of customer loyalty programme
in gaining customer’s perspective in retail industry
of UK.
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Content
Introduction
Research aim and Objectives
Research Questions
Significance or justification of the study
Rationale
Literature review
Research Methodology
Potential outcome
Gantt chart
Reference
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Introduction
Overview in the Chapter
To examine the role of customer loyalty programme in gaining customer’s perspective in retail industry
of UK.
Background to the study
Customer loyalty program is described as the process which is utilised for retaining the current customers
so that they keep buying the products and avail the services of the company
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Research Aims and Objectives
Research aim
To examine the role of customer loyalty programme in gaining customer’s perspective in retail industry of UK. A
study on Lidl.
Research objectives
To inquire regarding different loyalty programs launched by Lidl
To determine the role of customer loyalty programmes launched by Lidl in acquiring customer’s perspective
To investigate the challenges faced by Lidl in implementing loyalty programs in their organisation
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Research questions
What are the different loyalty programs launched by Lidl?
What is the role of customer loyalty programmes launched by Lidl in acquiring customer’s perspective?
What are the challenges faced by Lidl in implementing loyalty programs in their organisation?
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Significance or justification of the study
This research project is considered to be essential for the retail companies to function their business efficiently in
rapidly increasing environment.
Along with it, it will also support the companies to modify its way to using loyalist at global level for the purchase
of their product and service.
Due to which the research project is also significant for the researcher as it aids in learning numerous skills that is
data handling, project management, analytical skills, data collection, communication, time management and many
others.
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Rationale
The purpose of choosing the topic that is about the role of customer loyalty programme in gaining
customers in order to assist the retail industries.
In order to have better understanding about the customer loyalty programme.
The present research helps the companies to understand the value of the loyalty programs as they are
known to keep the revenues coming in the business.
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Literature review
To inquire regarding different loyalty programs launched by Lidl
To determine the role of customer loyalty programmes launched by Lidl in acquiring
customer’s perspective
To investigate the challenges faced by Lidl in implementing loyalty programs in their
organisation
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Research methodology
Research philosophy
Research Choice
Research Strategy
Research Instrument
Data collection
Data Analysis
Sampling
Ethical Consideration
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Potential outcome
As of the above research, it can be evaluated that the customer loyalty is one of the essential elements
to stay ahead in relation to the competitors
In relation to that the retail companies have to face numerous challenges as the behaviour of the
customers will keep changing.
It directly decreases the sales of the company as well as the loyal customer base for their product and
services in the market.
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Gantt chart
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The term Gantt Chart is described as a tool
which is used in the project management tool
while planning about all the responsibilities
which are around the deadlines.
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