LITERATURE REVIEW: ANTECEDENTS OF CUSTOMER LOYALTY
From our studies we have identified main antecedents to customer loyalty along with some moderators vis-à-vis customer satisfaction, Commitment, Trust, Image, Conflict handling, Switching Cost. A brief review of these studies and explanation of these factors is presented below:
Customer Satisfaction and Loyalty
“No matter what you sell, you’ve got to sell satisfaction. This approach helped us build a clientele that is second to none in customer loyalty.” Stanley Marcus There are several conceptual bases for the customer loyalty but customer satisfaction has widely been addressed in literature. Oliver (1980) defined satisfaction as a post choice evaluative judgment concerning
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Commitment differs from loyalty as commitment refers to economic, emotional and or psychological attachments which a customer has for a particular store or brand or service (Thomson et al., 2005) and then because of this commitment the customer decides to be loyal or disloyal with the brand. Commitment plays the role of stabilizing the behaviors or force that maintains the behavioral direction irrelevantly of the circumstances (Scholl, 1981). Consumer commitment is the psychological connection to a service to continue the relationship with his existing supplier. Commitment is an essential component of long-term relationship (Beatty et al., 1988, Morgan and Hunt, 1994). It is a useful construct for measuring the likelihood of customer loyalty (Gundlach et al., 1995). Commitment is one of the important, common as well as dependent variable employed in buyer seller relationship studies (Wilson, 1995). Indeed, commitment exceeds the framework of the favorable attitude towards the brand: commitment has a stronger strength, robustness and stability than the general attitude towards the brand. Affective commitment produces stronger link to loyalty (Fullerton, 2003). Customer commitment is described as a logical antecedent to loyalty (Evanschitzky et. al., 2006).Commitment strengthen the relationship between inertia and customer loyalty, only commitment provides resistance to attractiveness from alternative offerings and generates action loyalty ( Li-Wei Wu, 2011 ). By conducting empirical research various researchers have found that commitment positively influences loyalty and it is an essential part of successful long term relationships (Oliver, 1997, Morgan and Hunt, 1994; Gundlach et al., 1995; Garbarino and Johnson, 1999; Fullerton, 2003, Hansen et. al.,
Matt’s relationships would not exist without loyalty because it ensures they will not leave him out to dry. Overall, relationships thrive when loyalty is a part of
Honestly, what is loyalty? One can’t even begin to define such a word. It’s one single seven letter word yet, it has a deep profound definition. As a matter of fact, typically one does not use loyalty until they are put to the test. Without a doubt, the test can be anything.
Is This Really Loyalty? What does loyalty mean in a relationship? To Odysseus, loyalty in a relationship does not seem to mean anything to him. In Homer’s
Loyalty is important because it shows that one can trust their partner no matter the situation. Enide had exhibited this trait countless of times proving that she deeply cares for
Merriam-Webster defines loyalty as, "…faithfulness to something to which one is bound by pledge or duty…" One could argue that loyalty has a conflicting component, because when humans make decisions there will be a driving force to what one is "bound" to do. Part of that driving force is how people value loyalty, hard work, morality, etc. Loyalty is a prevalent quality in the human experience because of the decisions of where we place our loyalties; but why is there such conflict in which one’s loyalty should be towards? Humans often encounter conflicting decisions in their experience and it is the idea of loyalty in which many of these decisions clash with one another. Research on loyalty is not a new topic.
What is being loyal to someone, how can it be seen? Why is it that when one is betrayed, that is all that they think about night and day? The truth is loyalty cannot be seen but only felt between people who have faith within one another. As for betrayal, it can affect one so severely that it cannot leave their mind, especially if a loved one has caused it. In “Choices” by Susan Kerslake and “The Veldt” by Ray Bradbury, the authors suggest that a person can change based solely on their needs, and question their ability to stay loyal or betray.
It can allow a person to rely on someone or something to help them get through tough times or that person can be too loyal causing unfortunate circumstances. Loyalty can be good because it allows a person to rely on someone or something to get through tough times. In the play, Romeo relies heavily on the Friar for help with his life. The Friar was the first person he went to when he needed help
Genuinely, what is loyalty? One can’t even begin to interpret such a word. It’s one single seven letter word yet, it has a broad profound definition. As a matter of fact, typically one does not use loyalty until they are put to the test. Without a doubt, the test can be anything.
Honestly what is loyalty? One can’t even begin to define such a word. It’s one single seven letter word yet, it has a deep profound definition. Typically one does not use loyalty until they are put to the test. The test can be anything, like staying loyal to the patriots or staying loyal to your best friend.
ESSAY Many times I’ve thought about what’s important in a friendship, what lays the groundwork of a friendship? , what really keeps a friendship proceed for a long time?. I decided that Loyalty is a significant quality in a friendship because without it everything else will suffer in a friendship. Loyalty holds a friendship together, it grows the friendship and makes it stronger.
Someone once said, “Loyalty isn’t grey. It’s black and white. You’re either completely loyal, or not loyal at all. And people have to understand this. You can’t be loyal only when it serves you.”
The attachment style which is carried from childhood continues to affect future adult romantic relationships, often it can be changed especially when one enters a romantic
Customers will be a loyal customer if their opinions and needs are met by a company. I believe this is the most important building block. I have worked as a manager of a retail card and gift store in Wantagh for the past five years. Throughout my five years, I take great pride in the customers that shop with us. If there is something that I can do to help my customers or order them a certain product, I don’t hesitate.
First of all customer means A person who buys goods or services from a shop or business, loyalty means the state or quality of being loyal, faithfulness to commitments or obligations. So Customer loyalty is the key objective of customer relationship management and describes the loyalty, which is established between a customer and companies, persons, products or brands. “Customer loyalty is an essential aspect in any organization whether it is offering a good or providing a service. “Many organizations are looking for various ways to increase their customer loyalty as it has a positive effect on the profitability of the organization.” (Gremler 1996: 171, Abdullah et al. 2000: 826).The individual market segments should be targeted in terms of developing customer loyalty.
Job satisfaction occurs when employees consider the type of the