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ReserarchID
JL252
Growing and sustaining the customer base of an organization is always a challenge to firms’ especially in an industry that is highly competitive and where the cost of brand switching is relatively low. For an organization to adopt any strategy, the need to scan its environment will be necessary to avoid making a strategic blonder that is capable of causing an organization it’s live as a corporate entity. The objective of the study is to identify and discuss strategies an organization can adopt in growing and sustaining its market share in a given industry. These strategies include; innovation strategy, market segmentation strategy, market expansion strategy, 80/20 business strategy, and customer relationship retention strategies. The study was supported by an empirical study on Customer Retention Practices on Firm Performance.
Onwudiwe Uju Jovita Ph.D. 2018. \u201cCustomer base Strategies\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 18 (GJMBR Volume 18 Issue A13): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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Total Score: 104
Country: Nigeria
Subject: Global Journal of Management and Business Research - A: Administration & Management
Authors: Onwudiwe Uju Jovita Ph.D, Agwamba Adolphus Chibuzor Ph.D, Ugwuegbu Charles Onyemachi M.sc, Opara Darlington Osondu M.sc (PhD/Dr. count: 0)
View Count (all-time): 125
Total Views (Real + Logic): 2839
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Publish Date: 2018 12, Mon
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Growing and sustaining the customer base of an organization is always a challenge to firms’ especially in an industry that is highly competitive and where the cost of brand switching is relatively low. For an organization to adopt any strategy, the need to scan its environment will be necessary to avoid making a strategic blonder that is capable of causing an organization it’s live as a corporate entity. The objective of the study is to identify and discuss strategies an organization can adopt in growing and sustaining its market share in a given industry. These strategies include; innovation strategy, market segmentation strategy, market expansion strategy, 80/20 business strategy, and customer relationship retention strategies. The study was supported by an empirical study on Customer Retention Practices on Firm Performance.
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