Enabling Customer-Centricity and Relationship Management using Net Promoter Score

Florea Nicoleta Valentina (), Tănăsescu Dorina Antoneta and Duică Anişoara
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Duică Anişoara: Valahia University of Targoviste, Romania

Valahian Journal of Economic Studies, 2018, vol. 9, issue 2, 115-126

Abstract: We are in the fifth era of marketing development, that of relationship marketing, where the environment is influenced by globalization, informatization, market liberalization, and the overcapacity of production, and the focus will be not on increasing the volume of production, but on obtaining profit using relationship with profitable customers. Customer-centricity, customization, one-to-one relationship and measuring the value of each customer is an advantage in the fearless market. Organizations if they knew what customers wants would offering only those products or services they want, but to help them to know the customers’ needs better, they use models, new methods and calculation of performance indicators. One of the models which help organizations to determine the customer value and centricity is Net Promoter Score (NPS), its formula being developed by Reichheld F. in 2006. Our research is made on 10 organizations and on 150 respondents and is consisting in using NPS in order to observe customers’ perception of the analysed brands, to measure how well the brand is having satisfayed and loyal customers, and the desire for recommendation of the analysed brand. Our article is using simulation, modeling and IT programs to observe possible relationships and future trends.

Keywords: customer relationship management; customer-centricity; Net Promoter Score; performance (search for similar items in EconPapers)
JEL-codes: C53 D12 L14 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:9:y:2018:i:2:p:115-126:n:11

DOI: 10.2478/vjes-2018-0023

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