Professional Documents
Culture Documents
Unit V
Unit V
GREATER NOIDA
MBA
Marketing of Services (AMBAMK0413)
Unit 5: Overview Of Current Trends In Service
Industry
By
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. ArunGangele/Mr.
by: Dr. Ajay Kumar Arun Kumar
Evaluation Scheme
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. Arun Kumar
by: Dr. Ajay Gangele/ Mr. Arun Kumar
Syllabus
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. ArunGangele/Mr.
by: Dr. Ajay Kumar Arun Kumar
Syllabus
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. ArunGangele/
by: Dr. Ajay Kumar Mr. Arun Kumar
Branch wise Application
1. Learning how to capture someone’s attention, nudge them towards certain behaviours.
2. Services marketing is most commonly used by companies that sell to individuals.
3. They research consumer behavior to create advertisements that appeal to certain
demographics, allowing companies to narrow the marketing focus to a concentrated
effort.
4. Use of customer data for achieving customer delight
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. Arun Kumar
by: Dr. Ajay Gangele/ Mr. Arun Kumar
Course Objectives
• To develop an understanding of the basic concepts and issues in service marketing.
• To build a working service marketing vocabulary so as to understand and discuss
marketing concepts in business settings.
• To learn about key characteristics of service and service processes, customer service
experiences, the role of internal stakeholders in service delivery, and organizational
challenges of managing service.
• To strengthen the ability to justify and support decisions through information
acquisition and management.
• To provide an understanding of how service customers determine value in a service
exchange and how this translates into a satisfied customer base.
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. ArunGangele/
by: Dr. Ajay Kumar Mr. Arun Kumar
Course Outcomes
.. Subject: Marketing
Subject:ofMarketing
Services of Services by: Dr. Ajay Gangele/Mr. Arun Kumar
by: Dr. Ajay Gangele/Mr. Arun Kumar
Program Outcome(s)
1. Apply knowledge of management theories and practices to solve business problems.
2. Foster analytical and critical thinking abilities for data-based decision-making.
3. Ability to develop value-based leadership ability.
4. Ability to understand, analyze, and communicate global, economic, legal, and ethical
aspects of business.
5. Ability to lead themselves and others in the achievement of organizational goals,
contributing effectively to a team environment.
Recap
• Service quality, Service GAP, CRM
1. Catering to millennials
Millennials (those ages 18-34) are expected to represent 50% of all travelers to the USA
by 2025, according to the Cornell Center for Hospitality Research. Companies need to
define their strategies based on this demographic group’s personality traits and habits—
they travel a lot; are early adopters of technology; like personalized interactions and are
spontaneous.
2. Tech explosion
Millennials (those ages 18-34) are expected to represent 50% of all travelers to the USA
by 2025, according to the Cornell Center for Hospitality Research. Companies need to
define their strategies based on this demographic group’s personality traits and habits—
they travel a lot; are early adopters of technology; like personalized interactions and are
spontaneous.
6. Sustainability rules
Eco-friendly practices are becoming the norm, as properties focus on renewable energy
resources and water scarcity. Many hotels are installing solar panels and updating systems
so that air conditioners and lights automatically switch off when guests leave their rooms.
8. Destination promotion
The explosion of social media is causing hotels to become more involved in destination
and self-promotion. Many are featuring guests’ images and tweets on their websites; some
are even using the material in their advertising campaigns.
1. Getting social
Did you ever think you’d live to see healthcare leverage the power of social media?
Not only are healthcare providers and brands becoming more active on social channels,
with 60% of doctors reporting that social media helps improve their quality of care, but
organizations have also begun using tools to reach out to the community.
2. Digitalization of healthcare
New technologies, such as patient-focused Customer Relationship Management (CRM)
solutions have helped improve patient satisfaction and the overall level of care. This data
aggregation may also help organizations cut costs by identifying and treating patients’
health issues sooner. For example, real-time data analytics can give doctors a snapshot of a
patient’s health that can lead to early intervention instead of advanced disease treatment.
3. Addiction treatment
With more than 90 Americans overdosing daily, we cannot fully address the state of
healthcare without mentioning addiction. Although funding is still somewhat uncertain, we
can be sure that addiction treatment will continue to be a large focus in the healthcare
industry. Family practitioners today are more educated on the signs and symptoms of
addiction, and prescriptions for addictive drugs are slowly beginning to decline.
Unfortunately, this isn’t a problem we’ll see go away soon, but we can only hope to see
some relief for this nationwide crisis.
• Customer service chatbots, like CenturyLink’s ‘sales assistant’, speech and voice services
for customers where they can explore or buy content by speaking, traffic classification,
network optimization and orchestration, and predictive network maintenance, like AT&T’s
self-healing and self-learning hardware that’s powered by artificial intelligence are among
some AI applications that are used by the leading players and are among the emerging trends
in the telecommunication sector.
Internet of Things –
Although mentioned above as part of challenges faced by telecom industry due to the huge
amount of data that connected devices generate, but this is one major trend that will provide
telcos with more opportunities in the coming years. Becoming an IoT connectivity service
provider and offering Machine to Machine (M2M) devices can open up new streams of
revenue for the telcos. Gartner predicts that there will be nearly 20 billion devices
connected to the IoT by 2020 and that IoT product and service suppliers will amount to a
business of $300 billion in revenue.
Blockchain Technology
The use of this upcoming technology allows the different stakeholders of the logistics
industry such as manufacturers, suppliers, customers, auditors, warehouse managers,
and others to create a transparent and efficient system for recording transactions,
tracking assets, and managing all documents involved in the logistics process.
5. Bite-Sized Learning
Short-term attention span has always been an issue in the education sector. Students have
struggled a lot to cope with the long, intense text. The learning content has not been very
interactive, which reduced learning abilities in students.
Intelligent
Things
Blockchains
Digital and
Twins Distributed
Ledgers
ITES (IT
enabled
Services)
Virtual Reality ITES
and Augmented Intelligent
Reality Apps
Artificial
Intelligence and
Advanced
Machine Learning
Rapid technology change, increased pressure to reduce costs, and increased use of
smartphones is making the concept of virtual firms more attractive to many in the industry. In
the future, more professional firms will go virtual and have few permanent offices.
By hiring contract employees, placing the entire infrastructure in the cloud, and utilizing a
small number of physical offices, professional services firms can cut their costs and help
increase their revenue. Professional services firms need to adapt to technology changes and
should be ready to take major steps in this direction to take on new business challenges and
maximize growth.
Services are now being split into several individual components and sold separately rather
than bundled together. A growing number of clients prefer to pick and choose service
elements that can be executed in house and allocate the rest to specific service providers.
This approach is called modularization of services. Modularization is particularly appealing
when a single service firm would not be able to handle the complexity of a large project
and hence is willing to approach four to five firms to collaborate together.
1. Services Marketing Text and Cases, Vinnie Jauhari & Kirti Dutta, Oxford Uniersity
Press.
2. Services Marketing, Zeithaml Valerie and Mary Jo Bitner, Gremler & Pandit, Tata
McGraw Hill.
3. Services Marketing, Lovelock, Christopher. Prentice Hall.
4. Services Marketing, Nargundkar, Rajendra. Tata McGraw Hill
5. The Essence of Services Marketing, Adrian Payne. PHI.
Services Marketing, Ravi Shankar. Excel Publishing
• The student should have basic knowledge of the concepts of Service Performance.
• Students must be aware of the different service industries and their functioning.
• A basic understanding of the recent trends and advancements in Information technology
and marketing is required.
• To get an idea about e-services and professional services
Introduction:
The call center industry is a vital part of customer service and support for many businesses
across various sectors. In recent years the call center industry has undergone significant
transformations due to advances in technology changing customer expectations and the
increasing use of data analytics. This case study will examine some of the current trends in
the call center industry and their implications for businesses.
Trend 1:
Omnichannel Communication One of the notable trends in the call center industry is the
shift towards omnichannel communication. Customers today expect to interact with
companies through multiple channels such as phone calls emails chatbots social media and
messaging apps. Call centers are increasingly adopting omnichannel strategies to provide a
seamless and consistent customer experience across all touchpoints. This trend requires
call centers to integrate different communication channels and technologies to ensure a
unified customer experience.
Trend 2:
Automation and AI Another significant trend in the call center industry is the increasing
adoption of automation and artificial intelligence (AI) technologies. Call centers are
leveraging AI-powered chatbots virtual assistants and speech recognition systems to handle
routine inquiries and tasks more efficiently. Automation helps call centers to improve
operational efficiency reduce costs and free up human agents to focus on more complex
customer interactions. However balancing automation with human touch is crucial to
maintain the quality of customer service.
Trend 3:
Data Analytics and Personalization Data analytics plays a vital role in shaping the future of
call centers. By analyzing customer data and interactions call centers can gain valuable
insights into customer preferences behavior and sentiment. This data-driven approach
enables call centers to personalize interactions anticipate customer needs and offer targeted
solutions proactively. Moreover leveraging analytics helps call centers to optimize their
operations improve decision-making and enhance overall performance.
Conclusion:
In conclusion the call center industry is experiencing a period of transformation driven by
technological advancements and evolving customer expectations. Businesses that adapt to
the current trends in the call center industry stand to benefit from improved customer
service operational efficiency and competitive advantage. By incorporating omnichannel
communication automation AI and data analytics into their call center operations
businesses can deliver exceptional customer experiences and position themselves for long-
term success in the dynamic call center landscape.