THE KEY ASPECTS OF CRM RELEVANT TO IMPLEMENTATION IN THE BANKING SECTOR
DOI:
https://doi.org/10.37435/NBR22051001Keywords:
customer relationship management, value creation, customer satisfactionAbstract
ABSTRACT
Purpose— Adopting a qualitative approach, this study inquired into the implementation of Customer relationship management (CRM) within the banking sector. The aim of this study was to develop a better understanding of how and why the banking sector implements CRM in the workplace.
References
Ahmad, M. J., Rauf, N., Faiyyaz, A. G., Saddiq, M., & Nawazish, S. (2020). Customer
Relationship Management as a Valuable Component of Banking Performance:
An Evidence from Pakistani Bank.
Al-Qeed, M. A., ALsadi, B. Y., & Al-Azzam, Z. F. (2017). The impact of customer
relationship management on achieving service quality of banking sector of
Jordan. International Journal of Business and Management, 12(3), 180-190.
Amoako, G. K., Neequaye, E. K., Kutu-Adu, S. G., Caesar, L. D., & Ofori, K. S. (2019).
Relationship marketing and customer satisfaction in the Ghanaian hospitality
industry: an empirical examination of trust and commitment. Journal of
Hospitality and Tourism Insights.
Aramburu, I. A., & Pescador, I. G. (2019). The effects of corporate social responsibility
on customer loyalty: The mediating effect of reputation in cooperative banks
versus commercial banks in the Basque country. Journal of business ethics, 154(3),
-719.
Awiti, G., & Otieno, P. (2021). Influence Of Customer Relationship Management on
Customer Retention in Commercial Banks In Kenya. International Research
Journal of Business and Strategic Management, 2(1).
Battor, M., & Battor, M. (2010). The impact of customer relationship management
capability on innovation and performance advantages: testing a mediated
model. Journal of marketing management, 26(9-10), 842-857.
Becker, J. U., Greve, G., & Albers, S. (2009). The impact of technological and
organizational implementation of CRM on customer acquisition, maintenance,
and retention. International Journal of research in Marketing, 26(3), 207-215.
Bohling, T., Bowman, D., LaValle, S., Mittal, V., Narayandas, D., Ramani, G., &
Varadarajan, R. (2006). CRM implementation: Effectiveness issues and
insights. Journal of Service research, 9(2), 184-194.
Brige, A. (2006). Building relationship with customers by using technological
solutions in commercial banks of Latvia. Baltic Journal of Management.
Bukola, A. A., Abosede, A. G., & Adesola, M. A. (2019). Customer Relationship
Management and Small and Medium Enterprises Performance: Pragmatic
Evidence from Oyo State, Nigeria. Asian J. Educ. Soc. Stud, 5(2), 1-9.
Chen, I. J., & Popovich, K. (2003). Understanding customer relationship management
(CRM): People, process and technology. Business process management journal.
Cvijović, J., Kostić-Stanković, M., & Reljić, M. (2017). Customer relationship
management in banking industry: Modern approach. Industrija, 45(3).
Dandago, K. I., & Rufai, A. S. (2014). Information technology and accounting
information system in the Nigerian banking industry. Asian Economic and
Financial Review, 4(5), 655-670.
Dubey, N. K., & Sangle, P. (2018). Customer perception of CRM implementation in
banking context: Scale development and validation. Journal of Advances in
Management Research.13
Gil-Gomez, H., Guerola-Navarro, V., Oltra-Badenes, R., & Lozano-Quilis, J. A. (2020).
Customer relationship management: digital transformation and sustainable
business model innovation. Economic research-Ekonomska istraživanja, 33(1), 2733-
Girchenko, T., Ovsiannikova, Y., & Girchenko, L. (2017). CRM system as a keystone
of successful business activity. Knowledge-Economy Society: Management in the
Face of Contemporary Challenges and Dilemmas, 4(3), 251-261.
Golovkova, A., Eklof, J., Malova, A., & Podkorytova, O. (2019). Customer satisfaction
index and financial performance: a European cross-country study. International
Journal of bank marketing.
Heinonen, H. (2014). Developing CRM for a Growing International Company: The
Case of Merus Power Dynamics Oy.
Iriqat, R. A., & Daqar, M. A. M. A. (2018). The mediating role of customers’
satisfaction on the effect of CRM on long-term customers loyalty in the banking
sector in the Palestinian territory. Asian Social Science, 14(8), 76-90.
Khalifa, M., & Shen, N. (2005, January). Effects of electronic customer relationship
management on customer satisfaction: A temporal model. In Proceedings of the
th Annual Hawaii international conference on system sciences (pp. 171a-171a).
IEEE.
Kirakosyan, K., & Dănăiaţă, D. (2014). Communication management in electronic
banking. Better communication for better relationship. Procedia-Social and
Behavioral Sciences, 124, 361-370.
Latif Rashid Al-Mawahreh, M. A. The Impact of Modern Technology on the
Customer Relationship
Management A Study of Jordanian Banks.
Longhurst, R. (2003). Semi-structured interviews and focus groups. Key methods in
geography, 3(2), 143-156.
Manish, D., & Vaishali, D. (2013). Determinants of Electronic customer relationship
management (e-CRM) for customer satisfaction in banking sector in
India. African Journal of Business Management, 7(10), 762-768.
Mugambi, S. W. (2022). Influence of alternate banking channels on customer satisfaction at
Kenya Commercial Bank in Nairobi, Kenya (Doctoral dissertation, Africa Nazarene
University).
Naim, A. (2022). Mapping of social customer relationship management with
electronic customer relationship management. European Journal of
Interdisciplinary Research and Development, 2, 14-25.
Naim, A., & Alqahtani, K. (2021). Role of Information Systems in Customer
Relationship Management. Pulse, 2(2).
Ogbu Edeh PhD, F., & Blessing, U. E. (2019). Knowledge management and employee
effectiveness of Nigerian deposit money banks. International Journal of
Management & Entrepreneurship Research, 1(1), 31-41.
Okonkwo, C. D., & Ugwuonah, G. (2019). Improving bank customers’ satisfaction
through relationship marketing practices. International Journal of Marketing
Research Innovation, 3(1), 30-36.14
Parvatiyar, A., & Sheth, J. N. (2001). Customer relationship management:
Emerging practice, process, and discipline. Journal of Economic & Social
Research, 3(2).
Qayyum, A., & Sanaullah, A. (2019). IMPACT OF RELATIONSHIP BENEFIT ON
CUSTOMER LOYALTY IN SERVICE FIRMS. Pakistan Business Review, 20(2),
-253.
Reddy, M. S., & Cherukuri, J. (2019). Customer relationship management
practices and their impact over customer purchase decisions: A study on the
selected private sector banks housing finance schemes. Asian Journal of
Multidimensional Research (AJMR), 8(2), 132-144.
Reeves, Scott, Ayelet Kuper, and Brian David Hodges. "Qualitative research
methodologies: ethnography." Bmj 337 (2008).
Santouridis, I., & Tsachtani, E. (2015). Investigating the impact of CRM resources on
CRM processes: a customer life cycle based approach in the case of a Greek
bank. Procedia Economics and Finance, 19, 304-313.
Saxena, N., & Taneja, M. (2018). A study on CRM effectiveness in public and private
sector banks. International Journal of Public Sector Performance Management, 4(1),
-56.
Srivastava, S. K., Chandra, B., & Srivastava, P. (2019). The impact of knowledge
management and data mining on CRM in the service industry. In Nanoelectronics,
circuits and communication systems (pp. 37-52). Springer, Singapore.
YuSheng, K., & Ibrahim, M. (2019). Service innovation, service delivery and customer
satisfaction and loyalty in the banking sector of Ghana. International Journal of
Bank Marketing