Service recovery in the Australian banking industry
Article
Article Title | Service recovery in the Australian banking industry |
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ERA Journal ID | 40337 |
Article Category | Article |
Authors | Valenzuela, Fredy (Author), Cooksey, Ray (Author), Chandralal, Lalith (Author) and Hassan, Rumman (Author) |
Journal Title | Contemporary Management Research: an international journal |
Journal Citation | 9 (4), pp. 463-482 |
Number of Pages | 20 |
Year | 2013 |
Place of Publication | Taiwan, Republic of China |
ISSN | 1813-5498 |
Digital Object Identifier (DOI) | https://doi.org/10.7903/cmr.11370 |
Web Address (URL) | http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwiJvp6gzJ7MAhWF5KYKHWTVDRsQFggcMAA&url=http%3A%2F%2Fwww.cmr-journal.org%2Farticle%2FviewFile%2F11370%2Fpdf&usg=AFQjCNFKoMkKvXAx38uP7YMfFd_R-mOBLQ |
Abstract | Considering the importance of service recovery as a corrective measure for service failures, this paper explores: (a) when Australian customers complain (b) the process they follow to look for solutions to their complains and (c) how they evaluate banks' service recovery efforts. To address these objectives, 25 in-depth interviews were conducted with Australian retail banking customers. Results show that the main reasons for complaints were incorrect transactions, performance not meeting expectations, and unfair fees. The study also showed Australian customers perceive two steps of the complaining process are very important to have a control over the complaint: gathering all required information and lodging a complaint in person. In relation to evaluating banks' service recovery efforts, Australian customers felt that banks were not paying much attention to their complaints and that there was a lack of acknowledgement and responsiveness. |
Keywords | service recovery; complaining behaviour; customer satisfaction |
ANZSRC Field of Research 2020 | 350699. Marketing not elsewhere classified |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | University of New South Wales |
University of New England | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q348q/service-recovery-in-the-australian-banking-industry
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