1. CUSTOMER KNOWLEDGE, ORGANIZATIONAL RISK PROPENSITY, AND CUSTOMER RESPONSE CAPABILITY.
- Author
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Jayachandran, Satish, Hewett, Kelly, and Kaufman, Peter
- Subjects
CONSUMERS ,MARKETING ,CUSTOMER satisfaction - Abstract
In a hypercompetitive environment of rapidly changing technology, a characteristic of a growing number of markets since the 1980s, customer needs are continuously evolving. Therefore, the need to develop the capability to respond to customers, and do so better than rivals, is more critical than ever now. The marketing literature has closely linked the customer knowledge of an organization to the capability to respond to customers' needs (Day 2000). We define customer responding capability as the competence of an organization in satisfying customer needs. In this study, we highlight the significance of customer knowledge processes by examining how it has direct and moderating influences on customer responding capability. [ABSTRACT FROM AUTHOR]
- Published
- 2003