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Management

Effective Executive


September'11
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Loyal Staff Equals Loyal Customers’: A Personal Reflection 
Hiring the Best 
Customer Loyalty Programs: Best Practices 
Build Your Hub to Sustain Business Success 
An Outsider’s Perspective on Enabling Organizational and Customer Loyalty Through Appreciative Insights
The Loyalty Link 
Putting Employees First and Customers Second 
Communicating for Employee and Customer Loyalty 
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Loyal Staff Equals Loyal Customers’: A Personal Reflection

-- Dr. Stephanie Jones

Staff members stay loyal to organizations with good growth prospects, and especially where they feel they can build relationships with customers and really add value for them. Conversely, staff members will leave apparently unsuccessful organizations with high customer turnover and lack of customer loyalty—it’s just not much fun or rewarding. In such an organization, there is no opportunity to really help customers in an ongoing way; so this contributing factor to job satisfaction is lacking.

Article Price : Rs.50

Hiring the Best

-- Terence R Traut

Hiring continues to be the key to a company’s success. Hiring the right staff —with the skills and characteristics required for success—requires behavioral event interviewing. This article provides insights into effective interviewing and hiring.

Article Price : Rs.50

Customer Loyalty Programs: Best Practices

-- David Robinson

It’s a rare business owner or manager who can say, “We have as much revenue as we can handle, and frankly, profitability is better than we’d ever hoped for.” Most executives are faced with the daily struggle to increase turnover and bring more money to the bottom line. ‘Customer Loyalty Programs’, familiar to most executives in the form of frequent flier miles, have become ubiquitous. Companies, small and large, offer a myriad of loyalty reward programs but not all of them are thoughtfully designed or effective. This brief review describes when loyalty programs work well, the features of the best programs and the various types of program that can be adopted.

Article Price : Rs.50

Build Your Hub to Sustain Business Success

-- Dan Coughlin

Dan Coughlin is a business keynote speaker, seminar leader, and executive coach on leadership, innovation, and branding. He is also the author of four books on generating sustainable, profitable growth. His clients include McDonald’s, GE, Toyota, Prudential, Coca-Cola, Marriott, Boeing, Abbott, SUBWAY, Kiewit, and the St. Louis Cardinals. Visit www.thecoughlincompany.com to know more.

Article Price : Rs.50

An Outsider’s Perspective on Enabling Organizational and Customer Loyalty Through Appreciative Insights

-- Mohit (Max) Bhanabhai

To create the mode of thinking to accommodate the flow of information that is evidently abstractions and articulations, is not only very useful but also provokes scientific enquiry into technical issues that could have been overlooked and which could be quite serious to the business agenda!

Article Price : Rs.50

The Loyalty Link

-- Robert L Jolles

Is it really true that loyal employees create loyal customers? We’d all like to think so. Of course, we’d all like to think that good things happen to good people too, so I decided to test this theory of loyalty and go beyond hoping this is true. I decided to prove it.

 

Article Price : Rs.50

Putting Employees First and Customers Second

-- Ronald J Burke

Providing a service is very different from making a product. Individuals buying a product have no contact with the individuals that made it.

Article Price : Rs.50

Communicating for Employee and Customer Loyalty

-- Colin Coulson-Thomas

Effective communicators can play a key role in moving from a climate of confrontation to a culture of loyalty and collaboration. They can identify supporters and opponents of change and endeavor to ensure each understands the other’s viewpoints and legitimate concerns. They can put feedback loops in place and encourage senior managers to listen. They can assess tolerance for diversity and whether sufficient discussion and debate is occurring.

Article Price : Rs.50
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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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