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Value managed relationships: The key to customer retention and profitability

Robin W. T. Buchanan and Crawford S. Gillies

European Management Journal, 1990, vol. 8, issue 4, 523-526

Abstract: The authors argue that customer satisfaction and retention are vital and can be improved by the technique which they call a Value Managed Relationship (VMR). A VMR is a collaborative, communicative partnership between suppliers and the supplier's customers, and it works by reducing system costs. Buchanan and Gillies point to examples in British industry where VMRs have been of great benefit.

Date: 1990
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Citations: View citations in EconPapers (4)

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