FERREIRA, Fernando [et. Al] (2017) - Enhancing knowledge and strategic planning of bank customer loyalty using fuzzy cognitive maps, Technological and Economic Development of Economy. ISBN 2029-4921 (Online). p. 1-17.
2029-4921 (online)
10.3846/20294913.2016.1213200
Title
Enhancing knowledge and strategic planning of bank customer loyalty using fuzzy cognitive maps
Subject
Customer loyalty Fuzzy cognitive mapping Knowledge enhancement Problem struc- turing Service improvement
Understanding customer loyalty has been a growing concern for the services industry. In a context of increasing competitive pressures, such loyalty is seen as a key element in service companies’ success. Maintaining customer loyalty and identifying its underlying factors, however, are recognizably di cult to do. Grounded on the use of cognitive mapping techniques, this paper proposes a knowledge-based framework for the identi cation of the key determinants of customer loyalty, and the relationships among them. A step-by-step guide to the development of such a framework is presented, and illustrated through a practical application in the banking context. e resulting ndings are supportive of the applicability of such methods for understanding customer loyalty, and the improvement of long-term relationships with customers. ey are furthermore indicative of new ways in which knowledge can be incorporated into management activities to improve service outcomes. Some managerial implications of our contribution and avenues for future research are also reported. info:eu-repo/semantics/publishedVersion
