THE EFFECTIVENESS OF STRATEGIES IN IMPROVING CUSTOMER LOYALTY CASE OF FIRST MUTUAL LIFE

  • Type: Project
  • Department: Marketing
  • Project ID: MKT1047
  • Access Fee: ₦5,000 ($14)
  • Pages: 78 Pages
  • Format: Microsoft Word
  • Views: 137
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Abstract

The purpose of this study was to assess the effectiveness of customer service strategies engaged by First Mutual Life Assurance Company. The objectives being: to find out the effects that training employees on customer service have on customer loyalty; to identify if employee emotional intelligence results in customer loyalty; and lastly, to establish the effects of customer follow-up on customer loyalty. Studies on other customer service management strategies in the past decade, have been done by many scholars in other countries, but a study, particularly on these issues has not yet been made in Zimbabwe. The insights and concepts by these scholars were of significant help in the completion of this research study, as the research managed to identify knowledge gaps and close the gaps using the ideas and suggestions by other authors, which gave the researcher a more profound understanding of the customer service strategies and how these build customer loyalty. The research adopted exploratory and descriptive research design, using non-probability and probability sampling techniques. Questionnaires for collecting data on customers and employees were used, while management data collection was done using interviews, with the use of 118 respondents as the sample size out of a population size of 2569 people. With pilot testing having been done, data was gathered using interviews with management, questionnaires that were administered by researcher for customers and employees. The research found some challenges with obtaining information from management due to their busy schedules. Management was not available for some time during the research hence the researcher then booked appointments to interview them in order to overcome this challenge. In order to avoid respondents feeling uncomfortable to give the information they were assured by the researcher that their responses would be held in strict confidence. The data from the study was then presented, analysed and discussed by the research in relation to the research objectives. The research then concluded that employee customer service training, employee emotional intelligence, and customer follow up have a positive effect on customer loyalty. From the conclusions made, the research recommends that FML should identify areas that need training, conduct regular training in form of refresher courses, and make sure that management encourage the expression of positive emotions in every service encounter. The research also recommends that management should adopt the concept of regular follow ups so as to get feedback from customers about their service encounter. 

THE EFFECTIVENESS OF STRATEGIES IN IMPROVING CUSTOMER LOYALTY CASE OF FIRST MUTUAL LIFE
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Marketing
  • Project ID: MKT1047
  • Access Fee: ₦5,000 ($14)
  • Pages: 78 Pages
  • Format: Microsoft Word
  • Views: 137
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Marketing
    Project ID MKT1047
    Fee ₦5,000 ($14)
    No of Pages 78 Pages
    Format Microsoft Word

    Related Works

    The aim of this study was to investigate the effect of customer service strategies on  customer loyalty of insurance firms. The study specifically sought to establish the  extent to which quality service, service bay ambience and technology support  strategies affect loyalty of CIC insurance Group customers in Nakuru County. In  order achieve... Continue Reading
    Abstract It is imperative to acknowledge that brand equity is an inseparable part of marketing and essential to the companies to create core-competencies and build strong brand experience that will impact the consumer decision making process and foster customer loyalty, Aaker (2011). This study involves assessing the effectiveness of brand equity... Continue Reading
    The most important meaning of a product is what it means to the customer. Pen, for instance, may be a product to the manufacturer, but to the customer, it means a device for writing. What the producer considers as the consumer’s benefit may be at variance’ with what the consumer actually sees or perceive. Awa (2002) defined a product as... Continue Reading
    The most important meaning of a product is what it means to the customer. Pen, for instance, may be a product to the manufacturer, but to the customer, it means a device for writing. What the producer considers as the consumer’s benefit may be at variance’ with what the consumer actually sees or perceive. Awa (2002) defined a product as... Continue Reading
    ABSTRACT The customer retention among the insurance companies in Malindi town has been declining Khasaya. Compared with other financial institutions in the area, the attraction of the new customers has been inadequate within the insurance companies. Most customers open accounts with insurance companies in Malindi Town but make minimal transactions... Continue Reading
    Abstract  The study aimed at establishing the relationship between customer satisfaction, service quality and customer loyalty among customers of Centenary Rural Development Bank, Kabalagala branch. The study specifically intended to; (I) establish the level of customer satisfaction and service quality. (II) examine the level of customer loyalty... Continue Reading
    ABSTRACT           This research is used to explore the impact of perceived service quality on customer satisfaction and brand loyalty. The main objective of this study was to identify the service quality offerings of Honeywell Flour Mills Nig. Plc and Lister Flour Mills Ltd to their customers, to ascertain the level of customer’s... Continue Reading
     (A Case Study of DHL Express, Lagos) CHAPTER ONE INTRODUCTION 1.1      BACKGROUND OF THE STUDY A multitude of companies today has already identified the need to create a loyal customer base and acknowledges that maintaining existing customers and extending business with them is... Continue Reading
    TABLE OF CONTENTS CHAPTER ONE INTRODUCTION 1.1Background to the Study 1.2 Statement of the Research Problem 1.3 Aim and Objectives of the Study 1.4 Research Questions 1.5 Research Hypotheses 1.6 Scope of the Study 1.7 Significance of the Study CHAPTER TWO LITERATURE REVIEW 2.1... Continue Reading
    TABLE OF CONTENTS CHAPTER ONE: INTRODUCTION 1.1 Background to the Study 1.2 Objective of the Study 1.3 Statement of the Problem 1.4 Scope of the Study 1.5 Limitations of the Study 1.6 Significance of the Study CHAPTER TWO: LITERATURE REVIEW 2.1 Introduction 2.2 Activities of the... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us