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Role of Relationship marketing in Competitive Marketing strategy

Nagasimha Balakrishna Kanagal
Journal Name
Journal of Management and Marketing Research
Journal Publication
others
Publication Year
2009
Journal Publications Functional Area
Marketing
Publication Date
Vol. 2, July 2009 P 1-17
Abstract

Competitive Marketing Strategy (CMS) has Relationship Marketing (RM) as one of the key functionality in enhancing business performance. RM is defined as the identification, establishment, maintenance, enhancement, modification and termination of relationships with customers to create value for customers and profit for organization by a series of relational exchanges that have both a history and a future. Relational exchanges can be viewed under transaction cost analysis and social exchange theories depending on the context. The role of RM in CMS includes: guide moments of truth, improve profitability, build partnering, address 'Customer Better', buy in of customer attention, protect emotional well being, understand consumer psyche, build trust with customer.

Role of Relationship marketing in Competitive Marketing strategy

Author(s) Name: Nagasimha Balakrishna Kanagal
Journal Name: Journal of Management and Marketing Research
Volume: Vol. 2, July 2009 P 1-17
Year of Publication: 2009
Abstract:

Competitive Marketing Strategy (CMS) has Relationship Marketing (RM) as one of the key functionality in enhancing business performance. RM is defined as the identification, establishment, maintenance, enhancement, modification and termination of relationships with customers to create value for customers and profit for organization by a series of relational exchanges that have both a history and a future. Relational exchanges can be viewed under transaction cost analysis and social exchange theories depending on the context. The role of RM in CMS includes: guide moments of truth, improve profitability, build partnering, address 'Customer Better', buy in of customer attention, protect emotional well being, understand consumer psyche, build trust with customer.