n Journal of Contemporary Management - Bank managers' views on relationship marketing
|Article Title||Bank managers' views on relationship marketing|
|© Publisher:||Prof. Marthie Grobler|
|Journal||Journal of Contemporary Management|
|Affiliations||1 Nelson Mandela Metropolitan University|
|Publication Date||Jan 2011|
|Pages||315 - 336|
|Keyword(s)||Banks, Customer retention and Relationship marketing|
The purpose of this article is to investigate relationship marketing and customer retention in South African banks, based on the perceptions of bank managers. Banks can use relationship marketing and customer retention to attract and maintain profitable clients. However, often the views of managers and clients differ regarding the variables important for bank-client relationships. A self-developed, structured questionnaire was distributed via judgemental snowball sampling to bank managers in South Africa. Findings in the paper revealed that, according to bank managers, only two of the selected six variables influence relationship marketing. As this study forms part of a broader study, a difference in the viewpoints of bank managers and individual banking clients is evident.
This article focuses on how banks should change their bank managers' relationship marketing views to align these with the views of clients. Ultimately, strategies suggested by this article could improve bank-client relationships and banks' customer retention.
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