3
@ IJTSRD | Available Online @ www ISSN No: 245 Inte R Customer Satisfaction an Arush Chan ABSTRACT This study is to show how the custom and loyalty in online and offline enviro or remains the same. In this contex answering the following question increasingly important to managers department. Are the levels of custom and loyalty differs in online v/s offl services are provided the same? If, yes might explain this differences? How th between customer satisfaction and loy environment is different from offline We develop a hypothesis which wil relationship between satisfaction and lo the hypothesis through a simultaneous e using two data seta of online and offline a particular industry. We discovered th the same where the customers gets equ when he buys online or offline , loyalty provider is higher in offline than in on find that there is a direct relation satisfaction and loyalty, higher will be t higher will be the loyalty and vice- improve the overall satisfaction to the further strengthened the industry. Keywords: Online markets, satisfac services, internet, e-commerce INTRODUCTION The rapid growth of online transactions questions about the level of satisfaction the online environment v/s offline Online shopping is the process wher directly buy goods and services etc through internet. Nowadays managers about how the online medium influenc and loyalty and the relationship betwee w.ijtsrd.com | Volume – 2 | Issue – 5 | Jul-Aug 56 - 6470 | www.ijtsrd.com | Volum ernational Journal of Trend in Sc Research and Development (IJT International Open Access Journ nd Loyalty in Online and Offline hi Garg Sethi, Puneet Kumar Sethi ndigarh Group of Colleges, Landran, Greater Mohali, Punjab, India mer satisfaction onment differs xt we will be ns that are s in service mer satisfaction line when the s what factors he relationship yalty in online environment. ll explain the oyalty. We test equation model e customers of hat results are ual satisfaction y to the service nline. We also nship between the satisfaction versa. It will customer and ction, loyalty, s has raised the and loyalty in environment. reby customer from a seller are concerned ces satisfaction en satisfaction and loyalty. Although there a relating to factors that influen and purchase intention in the Customer satisfaction facto influence purchase intention location. Satisfaction and loy for each other. It is possible fo without being highly satisfied studies have been explored purchases from an org environment. Collectively, th qualified report for the po relationship between custo retention on behavioural loyalt PROBLEM ANALYSIS Online purchasing is consi customers lack direct contact the customers those who us lower satisfaction as compare In online purchasing trust p customer satisfaction. PROBLEM STATEMENTS There are so many studies whi satisfaction in online and offl research aims at examining de customer satisfaction in environment. The main researc “What are the significant de satisfaction in online and offlin THEORETICAL FRAMEW Factors that Influencing Cu Online and Offline Environme The consumer buying proces customer purchase a product 2018 Page: 638 me - 2 | Issue 5 cientific TSRD) nal e Environment are abundant researches nce customer satisfaction context of e-commerce. rs that are found to are varied by time and yalty are not surrogates or a customer to be loyal d or vice-versa. Several that customer’s repeat ganization in offline hese studies have found ositive impact on the omer satisfaction and ty. idered uncertain since with the customers and se online service have ed to offline purchasing. plays a central role in S ich explore the customer line services. Hence this eeply the determinants of online and offline ch question is-: eterminants of customer ne environment?” WORK ustomer Satisfaction in ents. ss does not end when a t. After purchasing the

Customer Satisfaction and Loyalty in Online and Offline Environment

  • Upload
    ijtsrd

  • View
    10

  • Download
    0

Embed Size (px)

DESCRIPTION

This study is to show how the customer satisfaction and loyalty in online and offline environment differs or remains the same. In this context we will be answering the following questions that are increasingly important to managers in service department. Are the levels of customer satisfaction and loyalty differs in online v s offline when the services are provided the same If, yes what factors might explain this differences How the relationship between customer satisfaction and loyalty in online environment is different from offline environment. We develop a hypothesis which will explain the relationship between satisfaction and loyalty. We test the hypothesis through a simultaneous equation model using two data seta of online and offline customers of a particular industry. We discovered that results are the same where the customers gets equal satisfaction when he buys online or offline , loyalty to the service provider is higher in offline than in online. We also find that there is a direct relationship between satisfaction and loyalty, higher will be the satisfaction higher will be the loyalty and vice versa. It will improve the overall satisfaction to the customer and further strengthened the industry. Arushi Garg Sethi | Puneet Kumar Sethi "Customer Satisfaction and Loyalty in Online and Offline Environment" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: https://www.ijtsrd.com/papers/ijtsrd14164.pdf Paper URL: http://www.ijtsrd.com/management/marketing/14164/customer-satisfaction-and-loyalty-in-online-and-offline-environment/arushi-garg-sethi

Citation preview

Page 1: Customer Satisfaction and Loyalty in Online and Offline Environment

@ IJTSRD | Available Online @ www.ijtsrd.com

ISSN No: 2456

InternationalResearch

Customer Satisfaction and Loyalty in Online aArushi Garg Sethi

Chandigarh Group of Colleges

ABSTRACT This study is to show how the customer and loyalty in online and offline environment differs or remains the same. In this context we will be answering the following questions that are increasingly important to managers in service department. Are the levels of customer satisfaction and loyalty differs in online v/s offline when the services are provided the same? If, yes what factors might explain this differences? How the relationship between customer satisfaction and loyalty in online environment is different from offline environmeWe develop a hypothesis which will explain the relationship between satisfaction and loyalty. We test the hypothesis through a simultaneous equation model using two data seta of online and offline customers of a particular industry. We discovered that the same where the customers gets equal satisfaction when he buys online or offline , loyalty to the service provider is higher in offline than in online. We also find that there is a direct relationship between satisfaction and loyalty, higher will be the satisfaction higher will be the loyalty and vice- improve the overall satisfaction to the customer and further strengthened the industry. Keywords: Online markets, satisfaction, loyalty, services, internet, e-commerce INTRODUCTION The rapid growth of online transactions has raised the questions about the level of satisfaction and loyalty in the online environment v/s offline environment. Online shopping is the process whereby customerdirectly buy goods and services etc through internet. Nowadays managers are concerned about how the online medium influences satisfaction and loyalty and the relationship between satisfaction

@ IJTSRD | Available Online @ www.ijtsrd.com | Volume – 2 | Issue – 5 | Jul-Aug 2018

ISSN No: 2456 - 6470 | www.ijtsrd.com | Volume

International Journal of Trend in Scientific Research and Development (IJTSRD)

International Open Access Journal

Satisfaction and Loyalty in Online and Offline EnvironmentArushi Garg Sethi, Puneet Kumar Sethi

Chandigarh Group of Colleges, Landran, Greater Mohali, Punjab, India

This study is to show how the customer satisfaction and loyalty in online and offline environment differs or remains the same. In this context we will be answering the following questions that are increasingly important to managers in service department. Are the levels of customer satisfaction and loyalty differs in online v/s offline when the services are provided the same? If, yes what factors might explain this differences? How the relationship between customer satisfaction and loyalty in online environment is different from offline environment. We develop a hypothesis which will explain the relationship between satisfaction and loyalty. We test the hypothesis through a simultaneous equation model using two data seta of online and offline customers of a particular industry. We discovered that results are the same where the customers gets equal satisfaction when he buys online or offline , loyalty to the service provider is higher in offline than in online. We also find that there is a direct relationship between

will be the satisfaction versa. It will

improve the overall satisfaction to the customer and

Online markets, satisfaction, loyalty,

The rapid growth of online transactions has raised the questions about the level of satisfaction and loyalty in the online environment v/s offline environment. Online shopping is the process whereby customer

from a seller through internet. Nowadays managers are concerned about how the online medium influences satisfaction

and loyalty and the relationship between satisfaction

and loyalty. Although there are abundant researches relating to factors that influence customer satisfaction and purchase intention in the context of eCustomer satisfaction factors that are found to influence purchase intention are varied by time and location. Satisfaction and loyalty are not surrogates for each other. It is possible for a customer to be loyal without being highly satisfied or vicestudies have been explored that customer’s repeat purchases from an organization in offline environment. Collectively, these studies have found qualified report for the positive impact on the relationship between customer satisfaction and retention on behavioural loyalty. PROBLEM ANALYSIS Online purchasing is considered uncertain since customers lack direct contact with the customers and the customers those who use onlower satisfaction as compared to offline purchasing. In online purchasing trust plays a central role in customer satisfaction. PROBLEM STATEMENTSThere are so many studies which explore the customer satisfaction in online and offline seresearch aims at examining deeply the determinants of customer satisfaction in online and offline environment. The main research question is “What are the significant determinants of customer satisfaction in online and offline environ THEORETICAL FRAMEWORKFactors that Influencing Customer Satisfaction in Online and Offline Environments.The consumer buying process does not end when a customer purchase a product. After purchasing the

Aug 2018 Page: 638

6470 | www.ijtsrd.com | Volume - 2 | Issue – 5

Scientific (IJTSRD)

International Open Access Journal

nd Offline Environment

and loyalty. Although there are abundant researches nce customer satisfaction

and purchase intention in the context of e-commerce. Customer satisfaction factors that are found to influence purchase intention are varied by time and location. Satisfaction and loyalty are not surrogates

ossible for a customer to be loyal without being highly satisfied or vice-versa. Several studies have been explored that customer’s repeat purchases from an organization in offline environment. Collectively, these studies have found

e positive impact on the relationship between customer satisfaction and retention on behavioural loyalty.

Online purchasing is considered uncertain since customers lack direct contact with the customers and the customers those who use online service have lower satisfaction as compared to offline purchasing. In online purchasing trust plays a central role in

PROBLEM STATEMENTS There are so many studies which explore the customer satisfaction in online and offline services. Hence this research aims at examining deeply the determinants of customer satisfaction in online and offline environment. The main research question is-:

“What are the significant determinants of customer satisfaction in online and offline environment?”

THEORETICAL FRAMEWORK Factors that Influencing Customer Satisfaction in Online and Offline Environments. The consumer buying process does not end when a customer purchase a product. After purchasing the

Page 2: Customer Satisfaction and Loyalty in Online and Offline Environment

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

@ IJTSRD | Available Online @ www.ijtsrd.com | Volume – 2 | Issue – 5 | Jul-Aug 2018 Page: 639

product the customer consumes the product and then evaluates the experience to decide whether the product was satisfactory or unsatisfactory. Satisfaction is a post-consumption evaluation of how- well a product meets customer expectations. There are several factors that influence satisfaction in both environment which are ease of obtaining information, frequency of use, prior experience etc. Conceptual Framework of the Relationship between Online/ Offline Services and Customer Satisfaction There are some common factors determining customer satisfaction in online and offline environment which are diversity of products, technological system, brand image etc. Except that there are some specific factors which affect only online and offline environment. In online medium such as interactivity of websites and trust. The personal interaction is the only specific factor in offline medium. The common factors indicates the relationship between online and offline environment. RESEARCH DESIGN This study will try to explore the determinants of customer satisfaction in online and offline medium. We focus on measuring the customer satisfaction in online and offline services. RESULTS Online shopping is becoming more popular day by day with the increase in the usage of World Wide Web known as www. Online shopping has truly revolutionized and influenced our society as a whole. In online service it is easy to obtain information which increases the customer satisfaction. The interactivity of website and trust is considered a tool for increasing the customer satisfaction. On the other hand, in offline service the customer satisfaction increases through payment of equity which means the price the consumer pay is as fair as the product quality that they get. Here the personal interaction can increase customer confidence and post purchasing satisfaction. Conclusion, Recommendations, Limitations GENERAL CONCLUSIONS Online 1. Ease of obtaining information is the only common

factor significantly affects the general customer satisfaction in online service .Variety, quick service and reduced prices were three significant

ways in which online shopping influenced people from all over the world.

2. The specific factors such as interactivity of website and trust are also statistically significant increasing the customer satisfaction in online service. Specially understanding the consumer’s attitudes towards online shopping, making improvement in the factors that influence consumers to shop online.

Offline 1. In offline service, there are 3 common factors that

significantly increase the customer satisfaction. Those factors are the ease of obtaining information, frequency of use, and payment equity.

2. Personal interaction as a specific factor is also proved to have a significant effect on customer satisfaction.

RECOMMENDATIONS Online service providers 1. Make information as easy as possible and provide

customized experience and greater value to frequent online users.

2. Make the website more attractive and assure that quality should remain consistent.

3. Make the website more trustable and enhance the information content of the website.

Offline service providers 1. Provide greater value to the more frequent

customers 2. Increase the quality of service and sometimes give

additional discount to the customers. 3. Increase the capability of the personnel. LIMITATIONS 1. This research is only focuses on the determinants

of customer satisfaction in online and offline services.

2. The comparison of general satisfaction between online and offline is not addressed intensively.

3. Our findings suggest the relationship between satisfaction and loyalty is perhaps more complex than current theorizing would suggest.

REFERENCES 1. Alba, J., Lynch, J., Weitz, B, Janiszewski, C.,

Lutz, R., Sawyer, A., & Wood, S. (1997).

2. Interactive Home Shopping: Consumer, Retailer and Manufacturer Incentives to Participate in

Page 3: Customer Satisfaction and Loyalty in Online and Offline Environment

International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470

@ IJTSRD | Available Online @ www.ijtsrd.com | Volume – 2 | Issue – 5 | Jul-Aug 2018 Page: 640

Electronic Marketplaces. Journal of Marketing, 61, 38-53.

3. Balasubramanian, S., Konana, P., Menon N.M. (2003). Customer Satisfaction in Virtual environments: A study of Online Investing. Management Science, Vol. 49, No. 7. pp. 871–889.

4. Barber, B. M., & T. Odean. 2000. Trading is hazardous to your wealth: The common stock investment performance of individual investors. J. Finance, 55(2), 773–806.

5. Bolton, R. N., & Lemon, K. N. (1999, May). A dynamic model of customers’ usage of services: usage as an antecedent and consequence of satisfaction. Journal of Marketing Research, 36, 171– 186.

6. Cassab, H., & Maclachlan D.L. (2006). Interaction fluency: a customer performance measure of multichannel service. International Journal of Productivity and Performance Management, 55(7), 555-68.