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The Satisfaction Profit Chain

CARLY FRENNEA, VIKAS MITTAL AND ROBERT A.WESTBROOK

The Satisfaction Profit Chain (SPC) is a theoretical framework that helps link attribute-level perceptions, overall customer satisfaction, customer intentions/behaviors, and financial outcomes. This chapter reviews existing empirical research in this area and provides guidance and recommendations for future research. It is intended to be helpful to managers and academics who are interested in understanding how customer satisfaction — a focal construct — is embedded in the context of its antecedents and consequences.

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Customer Satisfaction: A Strategic Review and Guidelines for Managers

VIKAS MITTAL AND CARLY FRENNEA

Superior customer satisfaction provides a clear strategic advantage and an inimitable resource for a firm—particularly in today’s complex and often uncertain markets. Two decades of academic research has quantified the impact of customer satisfaction on a number of beneficial customer behaviors and consequent financial performance. It is clear that firms that manage their customers as well as costs realize greater financial returns compared to firms who ignore customer satisfaction.

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