
Understanding Superior Customer Value As Basis For Competitive Strategies In The Malaysian Automobile Market (2007)
In this
research study, the aim is to identify and describe the attributes of superior
customer value, which formed an important basis of building competitive
strategies in Malaysian automotive industry. Art and William (1999) quoted that
the attributes of superior customer value are fundamentally a blend of quality,
services, and price (QSP).From
consumer’s perspective, QSP have been identified as superior customer value
with the resulting experiences about the goods or services provided by the
Malaysian car companies. The values of QSP have been embedded in the brand
image, which will influence the buying decision. It is highlighted that
consumers have always craving for satisfaction in the form of promising QSP and
brand that drive them in their purchasing decision-making. Most of
the Malaysian car companies have their priority over their customer’s
satisfaction in their organisation’s philosophy and having their success vision
behind the concept of marketing. However, the research has concluded that
Malaysian car companies have inclined more towards selling concept than
developing a customer-oriented organisation. There are always implications that
Malaysian car firms need to adopt the concept of marketing via QSP to formulate
their business strategies in order to outperform their competitors in view of
the liberalisation of automotive industry in Malaysia. A self
administered questionnaire – to measure the respondent’s attitude, is the
method of gathering information from the two separated groups of respondent in
order to analyse the respondent’s attitude from consumer’s and Malaysian car
firm’s perspective respectively. The descriptive research designed will be
adopted in the study. Hypothesis testing and linear correlation analysis will
be preformed to support the research questions. All weaknesses of the survey
methods will be identified and priority is set in to omit any ineffective
methods of data collection.
Chapter
1:
Introduction
Objectives of the study
Research methodology
The market structure of
automobile industry in Malaysia
Industry outlook
Strategic insight into
communicating consumer value
Chapter
2: Literature Review
Purpose of literature
review
Definition of superior customer value
The heart of customer value
Defining value proposition from firm
perspective
Refining customer value triads
Quality attributes
Quality from the consumer’s perspective
Dimension of product quality
Dimension of service quality
Managing service quality
Strategic implications of quality
Price attribute
Communicating value through price
Valued-based pricing strategies
Role of Branding
What is a brand?
Branding customer experiences
Factors influence product decision
Superior customer values as bases of
competitive Strategies
Price
based strategies (Route 1 and 2)
Hybrid
strategy (Route 3)
Added
value, or differentiation strategies (Route 4)
Focused
differentiation strategy (Route 5)
Failure
strategy (Route 6, 7 & 8)
The marketing concept vs.
selling concept
Chapter
3: Research Design
Research objectives
Hypothesis testing
Bivariate correlation analysis
Ranking analysis
The role of research design
Type of research design
Data sources
Secondary
data research
Primary data research
Methods
of collecting respondent data
Communication
method
Self-administered questionnaire
Personal interview
Telephone interview
Observation method
Selecting an optimal
method
Sampling design
Sampling method
Sampling size
Measurement of quantitative survey
Nominal
scale
Ordinal scale
Interval scale
Rating scale method
Construction of
questionnaires
Survey questionnaires
(consumers)
Survey questionnaires
(organisation)
Administration of
Questionnaires
Survey questionnaires
(consumers)
Survey questionnaires
(organisation)
Piloting and pre-testing
questions
Chapter
4: Data Analysis
Test of reliability
Hypothesis testing
Hypothesis 1: Quality is one of the core
components of superior customer value
Hypothesis
2: Price is what customers pay in
exchange for superior customer value
Hypothesis 3: Branding plays an important
role in delivering superior customer value
Hypothesis
4: The value triad of QSP and branding can
influence customer-buying decision
Hypothesis
5: The Malaysian car companies understand
the importance of marketing concept
Hypothesis
6: The Malaysian car companies are not practicing marketing concept to create customer
value
Bivariate
correlation analysis
Ranking analysis
Other
analysis
Demographic analysis
Demographic
profiling Survey questionnaires (consumers)
Demographic profiling Survey questionnaires
(organisation)
Important
of product and service quality as one of the core components of superior customer
value
Important of product Quality
Important of Service Quality
Price is what customers pay in
exchange for superior customer
value
Perceived benefits and price
Price as a quality cue
The
role of branding from consumer’s perspective
Factors influencing consumer’s buying
decision
Importance of marketing concept to
formulate business strategies
Importance of marketing concepts
Bases of business strategies
Practising marketing or selling concept
Analysis of research findings
Hypothesis testing result
Bivariate correlation analysis
Ranking analysis
Other findings
Quality dimension (product and
service)
Price dimension
Branding from consumer’s perspective
Factors
influencing consumer’s buying decision
Importance of marketing concept as
basis of business strategies
Practising marketing or selling concept
Chapter 5: Conclusion
Conclusion
Implications
Recommendation
Limitations of research study
Bibliography
Appendices
Sample survey questionnaires (consumers)
Sample survey questionnaires (organisation)
Sample
covering letter
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