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Customer Loyalty Case Study in Financial Services

Customer Relationship Analysis

BACKGROUND

The Loyalty Research Center (LRC) performed a customer relationship research program for a financial services company, which will be identified as Company XYZ.  In considering the issues that could affect the customer relationship, a major component of the program focused on evaluating the different ways in which customers could contact/transact with the company.  These communication modes included:

  • Interactive voice response unit

  • Customer service center

  • Sales/Brokerage network

  • Website

SITUATION

The analysis determined the relative impact of each of these communication modes on the overall customer relationship, the performance evaluation of each of these modes, the key drivers for each mode and the performance evaluation of various mode attributes.  This information provided the executive team with insight into the communication mode that required the most attention and some diagnostics on how to improve performance.  In addition, each mode had one or more managers that used the research results to guide them in improving the design and service associated with their specific mode.

MARKETING MANAGEMENT QUESTION

How does customer loyalty vary by mode of communication and how should each mode be managed?

Find out what course of action was taken and what the results were.  Read the full text - Case 4: Customer Loyalty Case Study in Financial Services.

For more information contact:
Loyalty Research Center
931 East 86th Street, Suite 120
Indianapolis, IN  46240
Tel: (317) 465-1990
Fax: (317) 465-1991
Email: LSeibert@loyaltyresearch.com
web: www.loyaltyresearch.com


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