Analysis on Value-Based Customer Loyalty Management for Service Enterprises
Bo Xiang
Abstract
Bo Xiang
Abstract
In the increasingly harsh market competition environment, customer loyalty is the headspring of profit and sustained competitive advantage for enterprises and customer value is the key driving force to customer loyalty. This paper analyzes the relationship between customer loyalty and profit-earning ability of the service enterprises. And the relationship between customer value and customer loyalty is analyzed deeply also. Furthermore, several management strategies and suggestions about how to carry out customer loyalty management in service enterprises on the basis of the theory of customer value are put forward.
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In the increasingly harsh market competition environment, customer loyalty is the headspring of profit and sustained competitive advantage for enterprises and customer value is the key driving force to customer loyalty. This paper analyzes the relationship between customer loyalty and profit-earning ability of the service enterprises. And the relationship between customer value and customer loyalty is analyzed deeply also. Furthermore, several management strategies and suggestions about how to carry out customer loyalty management in service enterprises on the basis of the theory of customer value are put forward.
Key concepts: Business, Customer retention, Loyalty business model, Customer advocacy, Customer equity, Customer to customer, Marketing, Customer delight