Return to search

Relationship marketing : an evaluation of content, strategies and models applying in a monopolistic market

Thesis (MBA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: Relationship Marketing can be defined as an ongoing process of identifying and
creating new value with individual customers, and then sharing that value over a lifetime
of business association.
The definition incorporates a number of key concepts such as long-term commitment,
open and ongoing communication, trust and interdependence, collaboration and
cooperation, as well as total organisational commitment.
A wide range of models and strategies describe the processes and underlying
constructs and clearly distinguishes between an organisational process and a
behavioral process. The organisational approach focuses on the key organisational
processes, technology, culture and values as well as corporate commitment needed to
make this a success.
The behavioral approach focuses on the key behavioral constructs needed for
successful relationship management between buyer and seller, or manufacturer and
retailer, for example ongoing communication, joint planning and performance
evaluation, and trust and commitment.
Customer satisfaction is highlighted as a key driver of the relationship management
process and a number of cases clearly indicate that satisfied customers are needed for
successful Relationship Marketing. It is not only about the wining and dining, but more
about adding real value that will make customers commit their lifetime business.
Relationship Marketing in a monopolistic market is discussed and the question is asked
why any business should implement a relationship management process when that
business is dominating the market. It is quite obvious that the benefits of a relationship
marketing approach will drive customer value and satisfaction to higher levels and that
the future lies in retaining customers and not recruiting new customers all the time.
Even in monopolistic market situations organisations will try to increase or protect market share and developing long-term relationships with customers might just provide
that competitive edge needed.
Relationship Marketing is clearly not only about behavioral issues ,or on the other hand
about organisational systems. It is an integrated approach incorporating all key
organisational processes and systems which needs to be cemented in the corporate
culture and values of the business. It is also an approach that advocate very specific
behavioral constructs for example trust and commitment.
- Any organisation that plans to incorporate a relationship marketing approach, needs to
focus on the behavioral as well as organisational aspects of business. / AFRIKAANSE OPSOMMING: "Relationship Marketing" vertaal as verhoudingsbemarking word gedefinieer as 'n
deurlopende proses van waarde toevoeging vir individuele kliente oor 'n lewenslange
periode van besigheidassosiasie.
Definisies van hierdie benadering beklemtoon 'n aantal belangrike konsepte soos onder
andere langtermyn verbintenis, twee-rigting kommunikasie, vertroue en
interafhanklikheid, en samewerking.
'n Aantal modelle en strategeƫ onderskei baie duidelik tussen 'n organisatoriese
benadering en 'n gedragsbenadering tot verhoundingsbemarking. Die organisatoriese
benadering beklemtoon die belangrikheid van stelsels, prosesse, waardes en kultuur,
en implementering op totale organisatoriese vlak.
Die gedragsbenadering definieer verskeie gedrags konsepte onderliggend aan 'n
suksesvolle verhoudingsbemarking proses.
Klientbevrediging as 'n sleutel suksesfaktor word bespreek en die stelling word gemaak
dat ongelukkige kliente nie hulle lewenslange besigheid sal toevertrou aan 'n verskaffer
wat nie hul behoeftes bevredig nie.
Verhoudingsbemarking in 'n monopolistiese mark word bespreek en die voordele van
hierdie benadering word uitgelig. Enige organisasie, ongeag die markaandeel, poog
voortdurend om verder te groei en 'n verhoudings benadering kan daardie addisionele
voordele bied.
Ten slotte, word uitgewys dat verhoudingsbemarking beide 'n organisatoriese sowel as
'n gedragsbenadering insluit en enige maatskappy wat poog om hierdie konsep te
implementeer, moet beide inag neem.

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/49680
Date03 1900
CreatorsVisagie, Hendrik J.
ContributorsLoubser, S., Stellenbosch University. Faculty of Economic & Management Sciences. Graduate School of Business.
PublisherStellenbosch : Stellenbosch University
Source SetsSouth African National ETD Portal
Languageen_ZA
Detected LanguageEnglish
TypeThesis
Format131 p.
RightsStellenbosch University

Page generated in 0.002 seconds