SERVQUAL Essay Example | Topics and Well Written Essays - 1500 words

SERVQUAL - Essay Exampleortance of guest satisfaction due to the extend competition which has increased the strategic necessity of customer satisfaction along with quality and loyalty lastly. This helps greatly in achieving better customers and people who would further promote the business. By adopting numerical method to research study, the researcher aims to identify the gap between customers expectations and customers perceptions towards Al-Khalij Banks services. The selected sample consists of 15 respondents. The results reflects that the customers are somewhat satisfied with the services they receive at Al-Khalij Bank.The basic aim of management of whatsoever business is to ensure that their customers are satisfied from the products and services they purchase. Businesses formulate strategies that can hit customers loyalty to the stigmatise and its products upon attaining customers satisfaction. Businesses focus on influencing consumer behavior through effective marketing a nd quality products and services, which help them to meet customers expectations. It was non long time ago that customers satisfaction was not considered as an important factor to have an impact on the organizations performance. Strategists and business managers failed to understand the fact that greater customer satisfaction would eventually lead to greater profitability (Olorunniwo, Hsu and Udo). Moreover, the absence of quality competition within industries also deprived businesses to achieve customer satisfaction. This was mainly because customers had few alternatives to fulfill their demand for a product or service. However, in symbolise times, the scenario has quite changed as there is a defined importance of customer satisfaction due to the globalize competition, which has increased the strategic necessity of customer satisfaction along with quality and loyalty eventually. This helps greatly in achieving better customers and people who would promote the business further