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Index of Paper Presentations for the Parallel Sessions - Academy of ...

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EXPLORING A NEW DIMENSION OF CUSTOMER SERVICE AND ITS IMPACT ON SALESGROWTH AND LOYALTYPr<strong>of</strong>. Krishna K. Havaldar1Pr<strong>of</strong>. Jacob Alexander2Pr<strong>of</strong>. Mihir Dash3Introduction“Forget about <strong>the</strong> sales you hope to make and concentrate on <strong>the</strong> service you want to render.”-Harry BullisToday's customers are becoming harder to please. They are smarter, more demanding and less <strong>for</strong>giving. Thechallenge <strong>for</strong> any marketer is to make <strong>the</strong>se customers delighted, and delivering superior quality products andservices is an essential ingredient to achieve this.Superior customer service drives customer satisfaction and loyalty. Satisfied customers tend to stay longer with <strong>the</strong>company and spread positive word-<strong>of</strong>-mouth to o<strong>the</strong>r customers, while dissatisfied customers tend to leave <strong>the</strong>organization and fur<strong>the</strong>r damage <strong>the</strong> image <strong>of</strong> <strong>the</strong> company through negative word-<strong>of</strong>-mouth. Customer service isone <strong>of</strong> <strong>the</strong> critical touch points that need to be taken care <strong>of</strong> to increase <strong>the</strong> level <strong>of</strong> customer satisfaction. Inparticular, <strong>the</strong> complaint handling mechanism is a crucial component <strong>of</strong> superior customer service, reinstatingcustomer confidence in <strong>the</strong> event <strong>of</strong> complaint. This enhances customer satisfaction and loyalty towards <strong>the</strong>company.The Ox<strong>for</strong>d Dictionary defines „service‟ as an assistance or benefit given to someone. Kotler (2002) refers to

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