Preview

Research proposal on credit card

Powerful Essays
Open Document
Open Document
5286 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Research proposal on credit card
BSc (Hons) Management

LLC 3114 – RESEARCH METHODS

DISSERTATION

Assessing Customer Satisfaction on Credit Cards issued by The Mauritius Commercial Bank Ltd.

Name of Student: Pierre

Student ID Number:

Date: 21 April 2013

Table of Content

Abstract

Introduction

Brief preamble of The Mauritius Commercial Bank Ltd.

Objectives of the study

Rationale of the study

Research Aim and Objectives

Literature Review

Assessment of the Literature Review

Methodology

Data sources
Sampling
Data collection
Data analysis
Type of analysis

Time frame

References

Questionnaire

Abstract:

In today’s busy world, nobody has the time to withdraw money from the bank account for shopping. Everybody is interested in carrying the plastic money (credit card) in their wallet for shopping as it gives convenience, safety, easiness and even style. In this cutthroat competition, banks have to work hard to gain market share and to meet the expectations of customers so that they can delight their customers.

Success of any organization largely depends on how well and effectively the organization can serve its customer. Always perception can’t help a company to ensure satisfaction among its consumer. Monitoring consumers and fulfilling their expectations can ensure satisfaction. The current paper attempts to critically examine the customer satisfaction of the credit card users to guide the MCB to find out its lacking and ensure satisfaction among its consumers.. The study gives the detail about the difficulties faced by the credit card users. Findings will be based on the formal interview and data collected through questionnaire. The paper aims to give valuable information to make the current system of service more effective.

This study is carried out to identify customer preferences and expectations from credit card services. The main objective



References: Delener, N. and Katzenstein, H. (1994), “Credit card possession and other payment systems”, International Journal of Bank Marketing, Vol Gatignon, H. and Robertson, T.S. (1985), “A propositional inventory for new diffusion research”, Journal of Consumer Research, Vol Humphreys, D., Kim, M. and Vale, B. (2001), “Realizing the gains from electronic payments: costs,pricing, and payment choice”, Journal of Money, Credit, and Banking, Vol. 33 No. 2,pp. 216-34. Humphreys, D., Pulley, L. and Vesala, J. (1996), “Cash, paper, and electronic payments: a cross-country analysis”, Journal of Money, Credit, and Banking, Vol Mittal, V. and Kamakura, W.A. (2001), “Satisfaction, repurchase intent, and repurchase behavior: investigating the moderating effect of customer characteristics”, Journal of Marketing Research, Vol Mittal, V., Kumar, P. and Tsiros, M. (1999), “Attribute-level performance, satisfaction, and behavioral intentions over time: a consumption system approach”, Journal of Marketing, Soman, D. and Cheema, A. (2002), “The effect of credit on spending decisions: the role of the credit limit and credibility”, Marketing Science, Vol

You May Also Find These Documents Helpful

  • Powerful Essays

    Tengerine

    • 1155 Words
    • 5 Pages

    Tangerine bank, which has close to 2 million customers, positions itself as a virtual, atypical bank. The bank provides its clients with attractive interest rates on savings accounts, low fees, innovative products and award-winning client service. Moreover, understanding that most customers have a busy lifestyle, Tangerine makes all effort to provide them with easy and convenient online banking. However, the market in which Tangerine is competing is highly competitive and as more and more banks are mastering the concept of online banking the competition is becoming even more intense for Tangerine. Consequently, in order to address the competition, bank is planning to roll out new credit cards.…

    • 1155 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    When checking what you should put into your wallets before going to work, you won’t miss credit cards which are as vital as paper currency. Nowadays, credit cards are one of our daily necessities. Credit cards enable consumers to purchase commodities or services without having them make immediate payment. Yet what lay behind the pleasure associated with such a free purchasing pattern are a multitude of problems arising from bad debts.…

    • 729 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In order to find out if the credit card market is lucrative enough to warrant launching the product, Carle, must first take a look at Alpen Bank’s current business in Romania. Alpen first entered the Romanian market in 2000 and has since grown to over 200,000 customers and 15 branches. Alpen bank has mainly catered to affluent Romanians and has established itself as the bank for the wealthy. Since 2000 the Romanian economy has improved and incomes have risen dramatically especially within the affluent and middle classes. Since Romania joined the EU affluent Romanians have began to prefer branded products over locally made less expensive ones and have increased their demand for luxury items. With this the demand for cards has grown with both debit and credit cards growing 35% in 2006. I found the total number of middle, affluent and most affluent Romanian citizens as well as the total potential revenue of each market segment based on these numbers. (Exhibit A,B).…

    • 616 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Barclaycard has been the first mover in the UK for credit card services. They have intensely used advertisements as the main method of attracting customers using the message peace of mind to attract their customers to use their cards. However, recently many new entrants have entered the market to drive competition up and reduce the value of each Barclaycard credit cards. The following is a list of recommendations that Barclaycard should implement to remain competitive.…

    • 2218 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Firstly, customer satisfaction may appear to be an important and crucial component in maintaining customers over a long period of time. White and Yanamandram (2007) clearly define customer satisfaction as a fulfillment of a customer’s wishes or expectations of a purchase. In other words, the customer will be satisfied when they are able to get what they want. It is likely to be one key factor in measuring customer loyalty. According to Naumann, Williams and Khan (2009), customer satisfaction might be…

    • 2712 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Enron Corporate Culture

    • 9948 Words
    • 40 Pages

    Constangioara, A., & Florian, G. L. (2010). Consumer credit market in EU. Journal of Electrical and Electronics Engineering .…

    • 9948 Words
    • 40 Pages
    Powerful Essays
  • Better Essays

    Buying on Credit np

    • 1676 Words
    • 5 Pages

    Durkin, Thomas A. Credit Cards: Use And Consumer Attitudes,. 1st ed. 2000. Web. 30 Nov.…

    • 1676 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Abstract: In recent years, economic pressures, heightened competition, rapid technological developments, and a decline in consumer purchasing power are paving the way for the change in global market for the credit card business. The aforementioned changes and transformations are also affecting credit card business and card issuers and users in developing countries as well. Despite the recent developments in technology and impediments to credit card usage in developed countries, one still observes the spread of credit card ownership and usage in advanced developing countries of Asia, Africa, Middle East, and Latin America. In recent years, as the demand for upscale and middle income markets has saturated there has been a scope for penetration of credit cards into less wealthy markets of these countries. Country like India faces the similar problem of acceptance of different brands of credit cards because of innovative features. Consumers’ attitude towards different brands of credit cards is being studied during the two periods (2002-05 & 2006-09) because of changing features. The number of dimensions considered for the first factor analysis was 14 (14 variables) during the period of 2002-05 and for second factor is 54 (54 variables) during the period of 2006-09. The demographic profile is different because of two sets of data has taken during two different timings. The changing attitude of Indian Customers can be thoroughly known through the factor analysis.…

    • 5406 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    This research explores the relationships between service quality, customer involvement and customer satisfaction in the highly competitive banking sector. The study sought to identify the most important attributes in bank settings, which may be used to review characteristics of the banks as experienced by customers. The main aim is to find out customer service quality performed by banks at present and expectations of customers from the banking service. From past studies on this subject it is clear that there is some service quality gap that should be minimized. Banking organizations as well as other authorities interested about the subject can use the article.…

    • 3713 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    This study deal with the analysis of the customer satisfaction and expectations about services of the Jamuna Bank Limited. This study was limited within the Dhaka city specially Dilkusha in Motijheel and in the neighborhood area under the command area of Dilkusha Branch.…

    • 3190 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Proposal of Shonali Bank

    • 1406 Words
    • 6 Pages

    In the modern competitive environment, the pursuit of service quality is now considered to be an essential strategy. Offering a superior product is no longer sufficient, as firms in the 21st century economy compete on a much broader platform. In terms of the banking sector, service quality has become an increasingly important factor for success and survival. Provision of high quality service aids in meeting several requirements such as customer satisfaction and its consequent loyalty and market share, soliciting new customers, improved productivity, financial performance and profitability. It has also become an important research topic because of its important relationship to corporate marketing and financial performance. In the current study the researcher intends to find out the customer service performance of Sonali Bank. The research has the potential for ongoing customer satisfaction program initiated by Sonali Bank and…

    • 1406 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Plastic Money

    • 518 Words
    • 3 Pages

    The plastic money culture seems to be spreading fast if the total transaction volumes through cards (both debit and credit) in the country for 2002 is anything to go by. Transaction volumes include both cash withdrawals and purchases made through such cards.…

    • 518 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    E Payment

    • 13536 Words
    • 55 Pages

    Chapter 1. Introduction 1.1 Electronic payment systems and their place in electronic commerce 1.1.1 E-commerce and electronic payment systems 1.1.2 Limitations of traditional payment systems in the context of online payments 1.1.3 The need for new payment systems designed for e-commerce 1.2 User acceptance: understanding and issues 1.3 Research objectives 1.4 Research scope 1.4.1 The role of electronic payments in customer e-commerce activities 1.4.2 Approach and methodology Chapter 2. Classification and characteristics of electronic payment systems 2.1 Classification of payment systems 2.1.1 Introduction 2.1.2 Primary classification of payment systems 2.1.3 Further classification of account-based systems 2.1.4…

    • 13536 Words
    • 55 Pages
    Powerful Essays
  • Better Essays

    Customer Dissatisfaction

    • 1211 Words
    • 5 Pages

    This report discuss the causes and negative effects of customer dissatisfaction. It suggest a number of solutions to help eliminate or at least reduce the consequences of customer dissatisfaction.…

    • 1211 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Economics

    • 660 Words
    • 3 Pages

    money is an alternative to the cash or the standard ‘money’. Plastic money is referring to the…

    • 660 Words
    • 3 Pages
    Good Essays

Related Topics