Relationship marketing in the banking sector of Zimbabwe: Re-engineering connection with the manufacturing Micro and Small Enterprises customers

Emmanuel Dumbu

International Journal of Management Sciences, 2013, vol. 1, issue 1, 16-23

Abstract: Financial institutions have recently been under intense scrutiny as a result of developments in the global market. The Global Financial Crisis has not spared the Zimbabwean banking sector as the banking are finding themselves exposed that their image has been seriously tarnished. The introduction of the multicurrency has not led the banks to be immune to the global developments in the financial sector. The current study focuses on the relationship management in the banking sector as a tool to reconnect with the manufacturing Micro and Small Enterprises in Masvingo Urban. The current study is of an exploratory nature and a qualitative approach became an obvious choice. Data was collected through open ended questionnaire completed by a convenience sample of 20 bank tellers and 20 MSEs owners and managers. The data was organised and presented thematically. The study found out that the banking sector is aware of the need for reconnection with customers, MSEs feel ignored by the banking sector and relationship management was found to be the most important tool for business partners reconnection. The research recommends that banks develop effective relationship marketing; banks equip staff with skills necessary to meet needs of the MSEs customer segment and develop sub-market specialisation.

Keywords: Relationship Marketing; re-engineering manufacturing; Micro and Small Enterprises. (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://rassweb.org/admin/pages/ResearchPapers/Paper-3-ms_1497124102.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rss:jnljms:v1i1p3

Access Statistics for this article

More articles in International Journal of Management Sciences from Research Academy of Social Sciences
Bibliographic data for series maintained by Danish Khalil ().