Hassan Sherwani ROLE OF SALES AND MARKETING IN ... - Oulu
Hassan Sherwani ROLE OF SALES AND MARKETING IN ... - Oulu
Hassan Sherwani ROLE OF SALES AND MARKETING IN ... - Oulu
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way of achieving this goal is to continuously generate new intelligence about customer<br />
needs and to know best way to satisfy those (Stanley & John, 2000).<br />
The relationship between customer value and customer satisfaction is opened up by Lam<br />
et. al (2004) . It is argued that customer satisfaction is the result of a customer’s<br />
perception of the value received in a transaction or relationship. Theoretically, customer<br />
value can be considered a cognition-based construct capturing any benefit-sacrifice<br />
discrepancy, whereas customer satisfaction is primarily an affective and evaluative<br />
response. The social science literature indicates that cognitive thought processes trigger<br />
affective responses, suggesting that customer value judgments affect perceptions of<br />
satisfaction. It has been argued that customer value has a positive effect on customer<br />
satisfaction. The main challenge for any firm is to maximize the effectiveness of<br />
customer value creation activities for the firm. These activities are considered as<br />
processes that may cut across several functions within an organization. According to<br />
Hammer (1996), a process perspective on a business is the customer’s perspective which<br />
simply means that a process requires that one should start with the customers and what is<br />
required from their point of view, and work backward from there. Moreover, the focus is<br />
shifting from the activity of attracting customers to activities which concern having<br />
customers and taking care of them. Delivering customer value is critical to the success of<br />
any business. But customer expectations are continually evolving, changing, and<br />
increasing so firms must be searching for ways to improve and expand or risk failure.<br />
The old axiom that management’s primary responsibility is to “manage change or<br />
change management” has never been more realistic. Today’s rapidly changing business<br />
environment places a huge penalty on status quo management (Gale, 1994). In addition,<br />
customer behavior plays an important role in after sales activates and operations where<br />
customer behavior can be understood well by collecting inputs from customers through<br />
various sources, integrating them and verifying the integrated and accuracy of collected<br />
data. Therefore, it is recommended that every organization should do their research in<br />
understanding their behavior with the help of integrated team of marketing and sales<br />
professionals. Hence all organizations must engage themselves in studying customers<br />
through an exclusive department with dedicated team of marketing professionals.