Research Paper-literature Review.docx

Customer Satisfaction and Retention in the Sri Lankan Telecommunication Market Introduction: 68% of the customers are lost due to pure neglect. (Sumit Khanna, 2016).To company brand image and to boost profitability customer satisfaction is considered to be an important element. To retain the customer in context of relationship marketing, customer satisfaction should be point of focus for those companies who deal with customers, in particular. (Klee, 1997) This paper will focus on the customer satisfaction resulting in retention with reference to Sri Lankan Telecommunication market. This paper will investigate the key elements that will contribute to customer satisfaction and development of more comprehensive customer’s loyalty perception. Satisfaction is a term that is associated with total purchase and consumption of a targeted product or service expended by customer. It also includes the repurchase expectation overtime. (Rasanayagam2, 2013). As per Zeithnal and Bitner(1996), factors likes pricing , product quality, brand image and leads to customer loyalty. Ultimately, customer will buy services not the goods that are sold to them. Market sell and buy thousands of products but customer will exchange their hard earn money to those that will come up with “Good feelings and secondly solution to the problem”.(Sumit Khana, 2016) The purpose of this topic is to reveal all those customer retention and satisfaction factors that are contribution to growth of SLT industry, what are the areas that still need improvement? Telecommunication sector no longer depends upon Information technology and product innovation. In global competitive environment where customer choice and priorities are changing, telecommunication sector has to be on the best side to build “Customer Satisfaction and Retain previous customers”. In today’s world where organizations need to focus on customer satisfaction, business who are failed to do so will not able to build devoted customers. It is also observed that organizations and staff towards client devotion don’t have enough chemistry which will result in breakdown of customer relationship management process. (Bashir, 2017) Mobile operators (MNO’s) from Sri Lanka and Bangladesh have made it clear that customer satisfaction is critical to profitability of this sector because: (Gunaratne, December 2013).How customer satisfaction can be achieved.   

When Customer becomes loyal to the brand. Retention deepens the relationship with the company. And customer also recommend company services to other

Scope of this study This paper will help to identify the key factors that are affecting customer behavior in satisfaction and retention:   

Pricing: is this the key element to customer satisfaction? Customer service: Optimal services are the prime factor in retention. Customer loyalty: Antecedent of customer services.



Network Quality: Trigger to competitive advantage in telecommunication sector

Problems to identify This paper will not only identify the factors that contribute in building customer loyalty but Sri Lanka being the developing nation still have some problems in that sector that will be identified during research of that paper. What are the problems, this industry has the potential to overcome those constraints? Background of Telecommunication sector of Sri lanka DEPARTMENT OF CENSUS AND STATISTICS MINISTRY OF NATIONAL POLICY AND ECONOMIC AFFAIRS SRI LANKA has issued quarterly report FY 2016. In which telecommunication sector has shown growth rate of 8.3% which is the third highest in service sector. (LANKA, 2016). More than 50% people in Sri Lanka are mobile phone users which is less than the other market analysis, the penetration rate in mature markets are between 60% to 80% (Wire, 2016).Sri Lanka Telecom sector has shown a tremendous growth in recent years. This sector was liberalized in 1991 with further privatization in period of 1997. This industry is of $.8 billion and continues to grow despite of challenges faced by the government conflict with Tamil Tigers. Government owns 52% of shares and management is in the control of Nippon Telegraph Corporation of Japan (Paper, 2010). In the most recent development technologies like second generation communication system (2G), wireless application, protocol mobile internet and General Packet Radio Services (GPRS) has been introduced to meet the modern market telecom demand. In 2005, SLT signed an agreement with the Bharat Sanchar Nigam Ltd(BSNL). Through this submarine cable system South India will be able to connect with Colombo. In addition to that Sri Lanka largest mobile operator, Dialog Telekom took shares of Telekom Malaysia to get access to cable operating system. In order to provide better service to customers, Wireless Internet Network was launched. This project was launched by SLT to facilitate the broadband services in Colombo, Kandy and Galle. (Paper,2010) Privatization gives advantage to this industry because there was more focus on customer satisfaction and retention. Privatization brings lot of players in the market and ultimately it gave advantage to customers. To competitor in the market and increase profitability, it was important for the players in the telecom sector to focus more on customer services than technology, price or payment terms. Bringing value to delivery, having adequate and quick solution to customer’s problems and finally delivering with high quality were those contents and characteristics that will result in customer satisfaction. It will bring new customers and high customer satisfaction will result in retention as well (Dewasiri, 2014).

Literature Review SLT was privatized in year 1991, since then the investment in that sector shown a steady progress. According to World Bank Collection of Development indicator, current investment in telecom sector reported at 13650000 USD for the year 2014. (Economics, 2014) Customer Satisfaction Every industry whether manufacturing or services, needs customer satisfaction for momentous growth. This CS needs to turn into loyalty, customer retention. With numerous factors contributing to customer relationship management but this study will focus on loyalty, commitment and payment equity. (Verhoef, 2003). There is a significant relationship between customer satisfaction and customer loyalty. Customer satisfaction may be referred as a mental condition in which the brand is able to fulfil the desire of customers. (Daikh, 2015). Successful service provider relationship with customer strengthens the satisfaction level. (Pannda, 2003) Organizational superiority is subject to and influenced by service quality. In modern business environment success to growth main factor is the Customer satisfaction. (Lymperopo c. Chaniotakis, 2006). CS will not only result in increasing brand loyalty but also building sales profit and market share. (Caruana, 2002). Many authors have come up with different definitions related with customer satisfaction. The most valuable to relate with telecommunication market, satisfaction is status of pleasure or disappointment because of product or service performance as compared to expectation of targeted customers. (Anderson, 2000).it’s an attitude like judgment that customer will make when buying and using a product or services, interacting with that product (Bansal, 2001).its important to configure here that, the response the customer will build , will be on post purchase evaluation, after consuming or retaining that product effective response will be filled with overall product service experience (Haddrell, 1996). Another definition with same conclusion; it is experience based assessment of customer about expectation of the product and service; expectation may turn into positive or negative perception based on service provided by the industry. (Oliver R. S., 1989) (Oliver, 1997) Customer Retention Customer satisfaction may be subject to one time consumption only, for companies it is important to build customer satisfaction but also to retain that customer. Customer retention is however another important and cohesive plus for the companies. Retention will result in loyalty and constructive addition to company reputation. (Keller, 2006) (Kotler, 2000).but Parasuraman, Zeithaml and Berry gave five different perception and ideology on customer retention. Which should be considered by industries while marketing product in market; 1- when consumer will use any product and it will result in pure satisfaction, he or she may recommend it to other person to use. (Parasuraman, 1988)2- From people from near circle will make inquiries about the product , it may be recommended to them.3- give the audience enough margin or perception about product to use them. 4-besides of not using in one time the second thing that will ultimately result in actual profit making aspect of company is to regularly use the services and not to switch their priority. 5- Satisfaction level should be so high or it should be built in that way, people should prefer whenever they want to use it, priority on first base. Griffin also put practical explanation to (Hokanson, 1995)retention; 1- consistency, no switching to other brands in the market, product and services should be at that level, customer is ready to make regular purchase.2Telecommunication sector have to make changes in their product to meet the market demand, so whatever that is offered to the market, customer is ready to purchase if offered in variety of services as well.3-

potential and the capacity of the product, create the loyalty and brand image. 4- Service industry need to adopt quickly, need to be proactive, to compete and build the portfolio, quite immune to the changes launched by other marketing campaigns of other companies. Linking customer satisfaction with Retention (OWIYE, 2010) Emily mentioned three behaviors that will contribute to the loyalty; 1-both consumer and service should made circumstances where no hesitation to purchase again, willingness to do so 2what is the primary behavior? Number of times, frequencies and quantities in use of customer 3secondary behavior, is that product or service is recommended to other? Sri Lanka Telecommunication Market Telecom sector in Sri Lanka is mature enough as compare to neighbor countries like Bangladesh and Pakistan. The progress has been study in recent years due to emergence and dominance of mobile market. The penetration dropped to the level of 16.3% to 11.3% in 2017. Due to mobile market domination, internet and broadband is also affected. Due to low in demand the services and coverage of data network is under observation and sophistication is low. (Budde.com, 2018) Below is the detailed analysis of the SLT industry. (TRCSL, 2018). SLTC is established under the act no 27 , 1996 as the national regulatory agency for telecommunication. This report is based on the analysis of the mobile and telecommunication industry progress and operators working in this industry. Overall revenue in year 2017 in fixed access operators are 29% of total revenue. There are other operators in that sector that are providing services in International Telecommunication Services, Direct to Home Satellite Broadcasting Services and Cable Television Services. Total Twenty five operators are in that sectors that are contributing with total revenue of 4%. There are three major players in fixed access telephone operators with investment of 58,963 million in this sector. Investment from last year has dropped in year 2017 as compared to year 2016; the investment figure was 32,865 million in year 2017 to year 2016 where stats are 56.6 million. As per TRC report the revenue is also increased in the year 2017 as compare to 2016 but on slow pace, at rate of 8.8% only. Revenue in the year 2017 is 59 million whereas in year 2016, numbers were 55 million (Report, 2016). License is issued to three players according to section 17, SLT Act 25 of 1991 as amended; Dialog Broadband Network (PVT) LTD, Lanka Bell LTD and Sri Lanka Telecom PLC. Dialog is on the top of the list that is providing most of the services not only to general customer but also to corporate sector of Sri Lanka, services include; Internet, Managed services, Internet Data center facility, Corporate Data network, residential and business value added services. (Dialog). According to sector analysis report of STL , change in taste of customer is quite evident as there is more trend of mobile subscribers. Because internet facility is becoming more and more compatible for mobile users, So with passage of time , broadband services is shaping into a limited scope , especially in general customer market. Subscriber base shown a positive result in year 2017 with increase of 2% only, the change is nominal but in comparison to last year where fixed access subscriber base was in negative range of -2%. Telecommunication levy is also collected from operated under telecommunication levy act no 21 of 2011 amended. Amount collected for Rs.29.1 billion. This tax will be charged from every person receiving telecommunication services. (ACT, 2018). Sri Lanka law has given clear instruction about the tax levy. This imposition on telecom sector is criticized by masses but law how so ever is using these

services have to pay it. On the value of internet supply the rate is 10%. In case of telecommunication services other than internet, rate will be 20%. Other than tax levy, international telecommunication operators levy is also collected from international operators. This tax was imposed on telecommunication development charges and out-going local access charges. TDC and OLAC were dropped in the year 2017 where the collection was Rs.6.20 billion as compare to year 2016 , in 2016 collection from international operators were Rs. 8.69 billion. Sector wise analysis gives comprehensive detail on telecommunication development in Sri Lanka. These rules are made telecommunication act 25 of 1991, all the operators that are authorized to any interconnected telecommunication system have to follow these rules. Other than rules there is strict compliance policy for the operators. TRC has given regulatory compliance details under “Surveillance “and Quality of services area. Tariff plans; there are approved tariff plans from three major fixed line operators. Mobile Communication Market in Sri Lanka According to sectorial analysis, Mobile market in Sri Lanka has major share in revenue of telecommunication market. More than 70% users in Sri Lanka are mobile subscribers. The reason for rise is due to end of three decade war in the north and east of the country with mobile users is from 16 to 35 year old. Due to this evident growth from mobile sector fixed access revenue has dropped down in last couple of years. Total revenue generated but this sector in last five years has shown unprecedented growth. Revenue in 2011 was Rs 83 billion that increased with amount of Rs 60 billion. In year 2017, revenue amount of Rs. 140.30 billion. Subscriber base in mobile sector is showing increasing trend. Total number of users has sworn to 28.20 million as compared to last year 2016 where total numbers of users were 26.23 million. This trend will continue to dominate the communication sector. There are total five major mobile operators in Sri Lanka; 1-Bhartia Airtel Lanka (PVT)LTD 2- Dialog Axiata PLC 3- Etisalat Lanka (Pvt) LTD 4- Hutchison Telecommunication Lanka (Pvt) LTD.5- Mobitel (PVT)LTD. These are all international telecommunication operators. Dialog is again in the lead with 7 million subscribers and Mobitel is second in list with 4.2 million subscribers. (Landed). Both mobile and fixed telecommunication sector are making continuous investment to attract users with latest technologies. Mobile sector and fixed operators are making investment in regular pace with investment of RS 26 billion in year 2016 and this value increased in year 2017 with investment amount of Rs.36.1 billion in year 2017. Below are the stats on internet users as per the population of Sri Lanka.

Source: http://www.internetlivestats.com/internet-users/sri-lanka Above stats are clearly depicting the increased usage of internet technology .During the year 2016 , number of mobile users and connections surged to 1.5 million with 300,000 broad band and dial-up connections. This effected the internet penetration to level of 30% and total internet users jumped to 6.1 million.

Source: http://www.digitalmarketer.lk/internet-usage-statistics-in-sri-lanka-2016-updated.html

Although main objective of most of operators is to give best services to users but it’s the difference in customer services that makes the approach different from other players in market. Sri Lanka Telecom is the fixed wired broadband provider that also provides DSL and WiMAX

broad band services. Lanka bell is also fixed broadband internet service provider. Moreover Mobitel and Airtel also provide 3G and HSPA mobile broadband internet connectivity services

Share of world internet is only .2%, therefore Sri Lanka government is on urge to improve internet services for educational, recreation and occupational reasons. Government has removed 15% value added services on telecommunication sector to attract investment and give more relief to mobile and fixed access users.

Customer satisfaction and retention in telecommunication industry; Difference between the approaches of the players With brief introduction of customer satisfaction, and telecommunication market of Sri Lanka; this part of research paper will entirely focus of factors that affecting the approach of different players in market. These factors are the result of customer satisfaction and retention. As already elaborated with different definitions and scholars point of discussion; customer satisfaction is the result of following factors; does supplier has the capacity to introduce latest technology, engineering and re-engineering aspect of product and services, this factor also explain the department wise capability of supplier. Players in that industry have enough strength to meet the deadline. Efficiently and effectively provide customer services. Customer service include following factors that need to be addressed immediately to retain and build customer loyaly.is customer is satisfied with complaint management, cost of packages , quality of services and more importantly the quality of service. Customer life cycle should be managed with etiquette and friendliness. All the above factors can be conclude fewer than two categories that are called supplier strength; behavior and performance of product and services. Higher customer satisfaction level is; higher the sentiment attached with specific brand. There are some other factors that can change the approach of different competitors in market; Service Quality Service quality that matters in end! According to research and suggestions from most of intellectuals, quality of service matters more than price and promotion activities. Player in market is identified with their service and customer gratification. How a customer queries are identified and addressed are the questions that build market worth of a product. Various benefits are: 1-relationship between customer and company becomes more harmonious 2recommendations for repurchase, cause to retention.3- helps to build customer loyalty 4customer make the recommendation to other customer, that will ultimately benefit the company.5- company reputation will have a positive impact among competitors and it will gave financial benefit to company. (Lu, Celine Berchoux,, & Michael W. Marek,, 2015). Product Attribute Product attribute that defines key elements offered to customer. In telecommunication sector product attribute might be same but how it is presented and what latest technology brought into market matters in end? Attributes that will increase or lower satisfaction level of customer, depending on what are the main key factors of product that will result in ultimate satisfaction of

customer. Bedsides customer satisfaction and price, Product attribute that some targeted customer might be looking for. For example, most of operators offer the same but internet speed and accuracy that will enhance satisfaction level, if that level will be maintained it will also result in customer retention as well. Anderson and Mittal (2000) also confirms that unevenness can be different for different segments and it will also depend how long they have been, this concept is further elaborated with nonlinear relationship, consecutive performance in a product attribute will result in less satisfaction and loss retention as well. Promotion It is kind of marketing strategy that help competitors to reach targeted audience with a certain message to achieve organizational goals. According to Udeshini and Ambalam , promotional strategies helps in brand awareness; advertising, sales promotions , personal selling and direct marketing are the independent variable and brand awareness is the dependent variable to let the customer know about product and services. (Udeshini Piratheepan & Ambalam Pushpanathan, December 2013). Promotion is combination of various efforts to create awareness and seek sales growth, it’s a company tactic to entice customer to purchase company’s product. Marketers need to identify need of customer, what they want to purchase, why and when? (IBRAHIM ADEKUNLE, May 2014) Pricing Unlike promotion, pricing is more a financial factor that identifies and stabilizes the profitability of product or service provider. In telecom sector pricing is major factor that identify the approach of competitors. Price is kept low to catch the attention of masses, for corporate customer package details may be on higher side. Continuing with same research as per scholars point of view, Zethmal and Bitner(2000) suggest the same. Price have significant role in perception of service and quality. Services are intangible that can’t be quantified whereas price is the only factor that forecast the expected income of and operator or expense of customer. Bolton(2003) has noted unfairness price perception. But this factor may vary as it depends upon relevance and immediacy to a specific transaction. In comparative ratio calculation, buyer and seller input and output is used but in most of cases the buyer didn’t know how seller made its cost structure, what are the factors that influence the price of seller. For price fairness judgment, parties involved in that transaction is an important element. When price discrepancies occur that may be factor of parties involved in that transaction. Price unfairness may lead to negative consequences of seller. (Xia, Kent B. Monroe, & Jennifer L. Cox, 2004) Customer Experience Customer experience is also a key attribute. Tangibility of a product is definable but goods services actually explain how much seller is serious about customer queries. No matter how small customer issue is, seller with purpose to comprehend that issue is optimal option. (Pine, 2017) Joseph Pine in Harvard Business review wrote an article about “Welcome to Experience Economy” and called experience as part of economy. Customer desire better experience, more and more businesses are heading towards it. It is also called as progression of economic value.

Word

Dimensions of Service Quality  Reliability  Responsive ness  Assurance  Empathy  Tangibles

Person

Past Experience

Expect Perceived Quality Perceived

  

Expectation Exceeds Expectation Met Expectation not Met

A

Source :Parasuraman (1985) Customer

Satisfaction Model

Zeithman and Bitner 1996 also explained the customer satisfaction: quality of service is connected with customer satisfaction, result of excellence and superior delivery process that will meet the customer satisfaction. One point of focus here is the customer expectation with all reliability, assurance and responsiveness that will result in perceived service quality. Organizations need to focus on continuous improvement to achieve their strategic goals. In the above model there are two factors that will impact the service quality delivered; that is customer perception and customer expectation, the goal is to meet the expectation level with the perceived level. Services can be combination of tangible and intangible properties, when customer will perceive service, it will result in three conditions.1-this is the ideal condition where the level of service will meet the expectation level, it is ideal point for promoter, making things evident that all efforts are made to meet mind of peace of customer2- Second condition is the equal level, where the expectation and perceive service are at equal point. It’s like a win win situation for

both users and provider. This point might be a signal for operators to improve their service and product. 3- The third level is not what an organization might be expecting with the users but that can be faced ultimately, it is the point where the expectations will be lower than perceive services, expectations are not meet. This is the poor quality that resulted in lower expectation level. These milestones are not being considered as cost but it is the investment that will result in long term profitability of product and organization itself.

Branding Brand satisfaction is another term that is related with customer satisfaction. It is the subjective evaluation of a product where the expectation of exceeds than limit. Branding in other words is the brief introduction of a company now. Customer are not following the company or increasing its market they are actually following the brand, the product that is satisfying their expectation level. Brand defines the company level, a specific value that will specify the company to market. Brand can be a name, a symbol of combination of both. When a customer will name a product, brand image will pop up in his mind. This what a company aims to build in customer mind. Different strategies are identified for brand research strategy. (smith) Branding is also connected with customer loyalty. There are different factors that will result in customer loyalty that are; courteous employees, knowledgeable employees, competitive price, friendly employees, quick service, building clarity and good value. There are plenty of factors that are essential to branding. Branding can’t be achieved over night it is the process of continuous effort. According to Kotler (2009) and Fe and Ikova(2004), comparing the expectation with perceived quality is ultimate experience provided by service provider. Measuring Customer Satisfaction Oh and Parks(1997) come up with nine methods for measuring the customer satisfaction which are; expectancy(what customer expect) disconfirmation(not meeting the level ) , assimilation, comparison level with other competitors in market, assimilation contrast, equity of brand and organization itself, product attribute that needs to be unique to gain market advantage, comparison level , negativity that will build when expectations will be lower and valueperception. Although all these factors are based on cognitive psychology but in most of research the CS is also measured and subject to behaviorist approach as well. Limitations faced by the companies and the industry as a whole As already discussed in this report that the biggest competition that is faced by fixed access network in Sri Lanka is growing mobile market; growth is at rate of 73% and resulting in monopoly of that sector. Growth in telecommunication is evident as compare to other peers but their some challenges as well as limitations faced by telecommunication sector in Sri Lanka. (Rauniyar & Soumya Samuel) Non-Accessibility to Rural Areas, as compare to urban areas of Sri Lanka, the rural areas have fewer access to telephone and internet services. This facility needs major improvement because half of country population is living in that area. Operators are mainly focusing on capital city that

constitute 5% population of whole country. Operators are reluctant to introduce their services in that area due to cost and benefit of establishment in rural areas. Policies of government, competitors are unable to handle political pressure, corruption and waste those results in losing their customer. As part from that, this industry is also facing regulatory issues like; barrier to entry and exit that will result in anti-competitive strategic behavior. (Jayasuriya, 2000). SLTL has monopoly in fixed wireless lines that result in restriction in telephone calls. More licenses should be issued to other players to boost investment and improve fixed lines accessibility in country. Moreover there was intense competition in market in 2000 due to entrance of new players but due to regulatory intervention competition has eased off, Market is facing problems due to unprofitable nature of small players so if there will be any new entry in market it will worsen the condition. Moreover, SLT is facing difficulties in getting clearance from government authorities in setting up public Wi-fi zones and need proper backbone network to facilitate public and offload many of traffic to macro 3G and 4G layer. (Journal, 2016) Technological advancement and brain Darin, Sri Lanka is ahead of South Asian countries but still behind the South East Asian countries like Malaysia, Thailand in terms of mobile and internet penetration. According to Certified Manager professional journal (Managment, 2016), Chairman of SLT and Mobitel has admitted that lack of technological advancement and brain Darin especially in area of technical filed is a major concern for telecom sector and there is need to retain the best in Sri Lanka industry. Taxes and tariff, there had been criticism in past regarding the tariff imposed by government in that sector, 10% to 20% tax levy is imposed on mobile and fixed access users which is a concern because it will put additional cost in price mechanism of operators. Other than tariff and taxes this industry is also facing currency risk which is putting additional pressure on import expense, this industry demands latest technology and professionals, major parts are imported from foreign countries and result in pilling up of import expense on telecom sector. Currently, dollar is at rate of 161.64 in exchange of 1 Sri Lanka rupees. (Lanka, 2018)

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