Journal of Management Research and Analysis
Official Publication of Innovative Education and Scientific Research Foundation
Official Publication of Innovative Education and Scientific Research Foundation
Print ISSN: 2394-2762
Online ISSN: 2394-2770
CODEN : JMRABX
Journal of Management Research and Analysis (JMRA) open access, peer-reviewed quarterly journal publishing since 2014 and is published under auspices of the Innovative Education and Scientific Research Foundation (IESRF), aim to uplift researchers, scholars, academicians, and professionals in all academic and scientific disciplines. IESRF is dedicated to the transfer of technology and research by publishing scientific journals, research content, providing professional’s membership, and conducting conferences, seminars, and award programs. With more...Original Article
Author Details :
Volume : 3, Issue : 3, Year : 2016
Article Page : 110-121
Abstract
The business environment in India is getting highly competitive day by day and unstable global economy is adding another flavour on it. In this situation, many firms are even finding it difficult to survive and few businesses left with no choice then to fold up due to the limitation they have in facing regular challenges of the business activities. In this highly competitive environment, the survivor is the one who look beyond its traditional methods of retaining its precious customers and constantly reviewing its strategies to become more consumers centric.
Consumer retention is considered as one of the major relationship marketing concepts concerned with developing and maintaining a long-term consumer-firm relationship. The importance of customer retention has increased by many folds since the majority of firms started losing their consumers due various reasons and knowing the fact that acquiring new consumers is a costly affair of. Thus, the model of competition has shifted from acquiring new consumers to retaining the existing one and moreover luring them away from rival companies. In accordance with the above mentioned statements, this study focus on developing a theoretical framework for consumer retention strategies for telecom service industry in India.
Keywords: Retention Strategies, Loyalty, Satisfaction, Switching Barriers, Switching Cost, Customer Relationship Management, Alternative Attractiveness & Telecom Service Industry
How to cite : Sharma V, Sonwalkar J, Consumer retention strategies for telecom service industry in India: a theoretical perspective. J Manag Res Anal 2016;3(3):110-121
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