Reference no: EM131294314

Application: Marketing Research and the Promotion of Customer Loyalty

Marketing research is a valuable resource that guides organizations' decision making. As noted in the Learning Resources, research is used to help organizations identify consumers' needs and concerns and then develop marketing strategies to address them.

For this Application Assignment, you will evaluate elements of marketing research related to a particular scenario. Also in this Application, you will consider the difference between customer satisfaction and customer loyalty and examine approaches to promote customer retention.

Prepare for this Application as follows:

• For Section One:Marketing ResearchReview the instructions for Chapter 6 Problem 6 on page 228 of Essentials of Health Care Marketing. In addition to considering how you will answer this problem, think about the marketing-research process. What elements of the marketing-research process described in Chapter 5 of the text would you recommend the organization apply in this scenario?
• For Section Two: Customer LoyaltyConsider the following statement: " Although it is obvious that dissatisfied customers will certainly switch, it has been found that even satisfied customers will switch providers or suppliers. Satisfaction in and of itself is not sufficient" (Berkowitz, 2011, p. 236). With this in mind, think about the following questions:
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  • Why are customer satisfaction surveys important for health care organizations?
  • What is the difference between customer satisfaction and customer loyalty?
  • How would you assess customer loyalty?
  • Why would this distinction be important for a health care organization as it considers its financial investments in marketing strategies? What implications does this have in terms of attracting new customers versus retaining customers?
  • What is the purpose of organizational branding?

Then write a 2- to 3-page paper that addresses the following:

• Section One: Marketing ResearchAnswer the questions for Chapter 6 Problem 6 on page 228 of Essentials of Health Care Marketing. In addition, explain the types of additional marketing research you would recommend the organization conduct given this scenario.
• Section Two: Customer LoyaltyAnalyze the distinction between customer satisfaction and customer loyalty. Also evaluate the significance of organizational branding and other aspects of marketing described in this week's Learning Resources. Explain how they relate to customer loyalty.

The Application is due by Day 7 of this week.