Retailing, being one of the
fastest growing sectors in
India, has started recognizing the importance of service
initiatives. Today, more than their products, the retail stores are known
for their service standards and people like to shop with a retail store which
delivers goods along with better services. Service standards are directly
linked to the store or channel selection, loyalty and fulfillment. The changing
expectations of consumers require services to be effectively planned and
executed. A classic example is that of the e-retailer amazon.com, that has made itself successful through quick
delivery and enhanced range of merchandise offered.
These days, retail shopping experience is more than negotiating
one's way through the store, website or catalog, selecting the
merchandise and paying for it. In fact, it is
essentially about services. If proper attention is not given to this aspect,
the customer becomes a transient customer or a temporary customer,
and loyalty suffers. Customer service cannot happen all by itself, but must
be integrated into all aspects of retailing. Thus, successful retailers
know that the demand for their merchandise is not just price elastic, as economists would believe, but also service elastic. |