Abstract
Nowadays, the set of business resources identifies in customer loyalty one of the most important intangible assets(Christopher, Payne & Ballantyne, 1992; Cialdini, 1984; Clemmer & Schneider, 1996;Cronin & Taylor, 1992; Crosby & Taylor, 1983; Cummings & Bromiley, 1996): as pointed out on several occasions by the management literature, loyalty is a core resource both for businesses and for customers (Darroch, 2005; Palacios Marqués & José Garrigós Simón, 2006; Smith & Rupp, 2002; Rowley, 2002; Chaudhuri & Holbrook, 2001; Hollensen, 2015; Palmatier, Jarvis, Bechkoff, & Kardes, 2009). The deep changes experienced by modern markets have progressively led businesses toward the need for a more rational analysis of their customer portfolio and turnover dynamics (Bang & Joshi, 2010; Schindehutte, Morris, & Kocak, 2008; Sirmon, Hitt, Arregle, & Campbell, 2010), concluding that the conquest of new customers can be compatible, in purely economic terms, only with high-growth markets and customers who tend to express a low churn rate (Selden & MacMillan, 2006; Tsai, 2005; Verhees, Meulenberg, & Pennings, 2010; Vrontis & Thrassou, 2007). However, the digital economy and the new evolutionary trends of markets and consumers have created a fracture with respect to the way customer loyalty was interpreted before the introduction of the Internet. Today, the acquisition of a new customer is much more expensive than the interventions that may be implemented for retention purposes (Reichheld, 1996; Kotler, Burton, Deans, Brown & Armstrong, 2015); moreover, for this reason indeed, on the Internet, the strategic attitude of a company aims at favoring the preservation of the “capital” that is mostly at risk: loyal customers (Busacca & Castaldo, 1996,Saeidi, Sofian, Saeidi, Saeidi & Saaeidi, 2015.). The warning signs of such a revolution in the concept of business, and the conditions triggering such a change in the markets, first classical (offline) and then digital (online), are numerous and varied (Shankar, Smith, & Rangaswamy, 2003; Zhang & He, 2012):
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Del Giudice, M., Peruta, M.R.D. (2017). Definition and Evolution of the Variables in the Model in Marketing Studies and Research. In: The Satisfaction of Change. Palgrave Studies in Democracy, Innovation, and Entrepreneurship for Growth. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-41884-1_2
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