SUCHÁNEK, Petr and Maria KRÁLOVÁ. Customer satisfaction and underperformance in the food industry. In 3nd International Multidisciplinary Scientific Conference on Social Sciences & Arts SGEM 2016. 1st ed. Sofia: SGEM international multidisciplinary scientific conference on social sciences and arts, 2016, p. 829-837. ISBN 978-619-7105-74-2. Available from: https://dx.doi.org/10.5593/sgemsocial2016B23.
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Basic information
Original name Customer satisfaction and underperformance in the food industry
Authors SUCHÁNEK, Petr (203 Czech Republic, guarantor, belonging to the institution) and Maria KRÁLOVÁ (203 Czech Republic, belonging to the institution).
Edition 1. vyd. Sofia, 3nd International Multidisciplinary Scientific Conference on Social Sciences & Arts SGEM 2016, p. 829-837, 9 pp. 2016.
Publisher SGEM international multidisciplinary scientific conference on social sciences and arts
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50600 5.6 Political science
Country of publisher Bulgaria
Confidentiality degree is not subject to a state or trade secret
Publication form printed version "print"
RIV identification code RIV/00216224:14560/16:00088104
Organization unit Faculty of Economics and Administration
ISBN 978-619-7105-74-2
ISSN 2367-5659
Doi http://dx.doi.org/10.5593/sgemsocial2016B23
UT WoS 000395727000104
Keywords in English Eva ratio; customer satisfaction; business performance; food industry
Tags International impact, Reviewed
Changed by Changed by: Mgr. Kateřina Oleksíková, Ph.D., učo 240814. Changed: 27/4/2017 15:10.
Abstract
The subject of this article is the relationship between customer satisfaction and business performance. The aim of the article is to determine the relationship between selected factors which form part of customer satisfaction and business performance as measured by the Economic Value Added (EVA) indicator. The research was carried out on a sample of food companies from the Czech Republic using the companies’ publicly available accounting data and questionnaires for customers of these companies. The EVA indicator was constructed through a modular method using the ROE indicator as EVA equity. Customer satisfaction was assessed using six factors: image, customer expectation, perceived product quality, perceived product value, the customer’s own general satisfaction and customer loyalty. Firstly, the companies were divided into performing (with positive EVA indicators – more precisely, spread and ROE) and underperforming (with a negative EVA indicator – spread and ROE). It was found that higher customer satisfaction in certain areas of satisfaction leads to lower business performance. The reason for this is the higher ratio of costs to returns with underperforming companies.
Links
GA16-16260S, research and development projectName: Přístup managementu k redukci zpětných toků ve vazbě na spokojenost zákazníků a neustálé zlepšování
Investor: Czech Science Foundation
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