Impact of Service Quality on Customer Satisfaction and Loyalty towards Flexible Management in the German Banking Sector.

Background: The introduction of advanced types of banking networks such as Online banking, Automated Teller Machines (ATM), telephone banking, as well as mature capital markets and global competition have prompted bankers to explore the value of consumer loyalty. Top companies know that the path to...

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Publicado en:Journal of Humanities & Social Sciences Research Vol. 4; no. 2; pp. 36 - 51
Autores principales: Ramzani, Sara Ravan, Gharleghi, Behrooz, Watson, Alison, Smith, Hugh, Horam, Phungmayo, Cunha-Cruz, Victor, Basnet, Anjana
Formato: Artículo
Publicado: BP Services Dec2022
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Dec2022
      vid: 4
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      pub: BP Services
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        10.37534/bp.jhssr.2022.v4.n2.id1164.p36
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        atl: Impact of Service Quality on Customer Satisfaction and Loyalty towards Flexible Management in the German Banking Sector.
      aug:
        au:
          Ramzani, Sara Ravan
          Gharleghi, Behrooz
          Watson, Alison
          Smith, Hugh
          Horam, Phungmayo
          Cunha-Cruz, Victor
          Basnet, Anjana
        affil:
          GISMA Business School, 14469 Potsdam, Brandenburg, Berlin, Germany
          Arden University, Berlin Campus, 10963, Berlin, Germany
          School of Leadership and Management, Arden University, London, UK
      su:
        Customer satisfaction
        Customer loyalty
        Banking industry
        Quality of service
        Automated teller machines
        Germany
      sug:
        subj:
          Germany
          Customer satisfaction
          Customer loyalty
          Banking industry
          Quality of service
          Automated teller machines
      keyword:
        Banking Sector
        Customer Satisfaction
        Customer's Loyalty
        Loyalty Programs
        Service Quality
      ab: Background: The introduction of advanced types of banking networks such as Online banking, Automated Teller Machines (ATM), telephone banking, as well as mature capital markets and global competition have prompted bankers to explore the value of consumer loyalty. Top companies know that the path to growth goes through their clients. Therefore, this research focuses on finding the impact of service quality, customer satisfaction and loyalty programs on customer's loyalty in banking sectors of Germany. Methods: The questionnaire was developed and polled to gather data from 331 clients with bank accounts in various banks in Germany. The five-dimensional model of SERVQUAL (Parasuraman et al., 1988, Kasiri et al., 2017) is used in this paper. Additionally, customer satisfaction was utilized to mediate the influence of service quality on customer loyalty among banking customers in Germany. Results: We suggested a new model that incorporates the direct impact of technology on consumer satisfaction. Analysis concluded that service quality, consumer retention and loyalty programs are essential aspects that can boost customer loyalty. So banks must concentrate on offering loyalty programs to their loyal consumers. Conclusion: Analysis suggests that banks should concentrate on enhancing the efficiency of their offerings in order to increase consumer retention and customer loyalty.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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          year: 2022
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