Professional Documents
Culture Documents
Hani H. Al-Dmour
The University of Jorden
E-mail: Dr_dmourh@yahu.com
Tel: 00962795666979
RawanKhawaja, R
The University of Jorden
Al-Dmour
The University of Jorden
Abstract
1. Introduction
The service sector iswitnessing a significant expansion in today`s market place in terms of size and the
use of advance technology in both developed and emerging countries (Lovelock and Wirtz 2011). The
rapid development in information technology (IT) is permitting the service business to be extremely
developed and improved in service processes and operations. Banking sector is considered one of the
main service sectors that affect the market place. In every country a strong banking sector is very
important to stimulate economic growth and to maintain the financial stability of the country (AlSmadi
and AlWabel, 2011).
50 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
In Jordan the banking sector – as in many countries – is considered one of the main pillars of
the Jordanian economy. In Jordan the banking sector contributed around 18. 8% of gross domestic
product (GDP) at market prices in 2nd quarter of 2015 (Awraq Investment, 2015). Hence the banking
sector motivated by the development of technology and information system (IS) revolution to increase
profitability by attracting more customers and retaining the existing by providing service quality and
meeting customers’ expectations (AlSmadi and AlWabel, 2011). In addition to IS revolution to
increase profitability banking few decades before has been changed to be customer centric oriented,
because customers considered as the most important asset in banks and should be retained and
increasing continuously (Sadek and colleges, 2012).
Today attracting new customers is more expensive than retaining the existing customer, for that
the banks oriented to grant their existing customers loyalty as it is critical for business continuity with
granted profit growing, therefore banks should meet their customers’ expectations and satisfaction “in
order to improve their loyalty” by seeking an effective and efficient management strategies. (Rootman
et al. , 2008). The most important key for any successful bank is “the customer”. Therefore, banks need
to meet their customer expectations by keeping a strong and long relationship with them and to manage
properly their data through an efficient and effective. Customer Relationship Management (CRM), will
help the banks to serve their clients in a better way by managing and categorizing the customer data
based on the valuable information related to him/her on the CRM system (Ahmad, 2009)
Many researchers show the benefits of ECRM applications to the banks and their customers.
For example, Bezhovski and Hussain (2016) found that ECRM have decreased the work load, the
administrative cost, increase cross selling, increase bank revenue and to enable the bankers to
understand the customers’ future needs depending on past transactions. In addition, Scullin, et al.
(2002) posit that, well implemented ECRM system produces a winning customers and companies,
because over all improvements on customer experience leads to greater customer satisfaction which
will return on companies with positive effect “profitability”.
Bataineh (2015) also asserts that in order to cope with customers changing needs and to have
competitiveness advantages , banks should make all efforts to add value to their ECRM strategy to
create satisfied and loyal customer. Furthermore, he suggested that banks can enhance their ECRM
strategy from their customers’ perspective when determine customers’ needs, preferences and income
which classified as customer data quality. Abu Shanab and Anagreh(2015) indicated that that CRM is a
useful tool can improve banks profitability by retaining their customers and reducing cost ,in addition
to increase value of interaction with customers, also added that technology, customers and people are
main components for bank success while keeping the high security level in the banks.
This research has come to fill the gap in the literature review by examining practically the
influence of ECRM on the banks' business performance in Jordan as a developing country, since there
were no prior study was conducted in this context before . This study tried to answer the following
questions:
1. To which extent the CRMS applications are practiced or used by commercial banks in
Jordan?
2. What is the direction and strengths of the relationship between the ECRM and the type of
business performance (financial non-financial and combined)?
3. Which the main components of ECRM (Customer data quality, appropriate process, ECRM
technology service)that are highly associated with each type of bank's business
performance(financial non-financial and combined?.
51 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
2. Literature Review
2.1 Customer Relationship Management (CRM): Definition and Importance
The Customer Relationship Management (CRM) as a concept was introduced and developed in 1990s
in order to merge the market with the customer,as a result, the system was spread widely in all sizes of
companies that deal with customers (Xu, Yin, Lin and Chou 2002).
Galbreath and Roger (1999) defined CRM as: "Activities a business performs to identify,
qualify, acquire, develop and retain increasingly loyal and profitable customers by delivering the right
product, to the right customer, through the right time and the right cost. CRM integrates sales,
marketing, services, enterprise resources, planning and supply chain management functions through
business process automation, technology solutions, and information resources to maximize each
customer contact. CRM facilitates relationships among enterprises, their customers, business partners,
supplies and employees …. ”
Many studies defined the CRM as a system and a strategy used by companies to increase
customers value and loyalty in order to increase profitability and revenues (Kennedy, 2006), Christopher,
et al. , (1991) illustrated that the relationship between business philosophy of CRM with marketing is
improving the long term profitability by shifting the customer transaction into customer retention.
Shaw (1999) defined CRM as an interactive process that aims to achieve the optimum balance
between corporate and customer satisfaction in order to generate the maximum profit. To achieve such a
goal the author remarked that the activities of marketing, sales and services need to be integrated into the
CRM. TAhmed (2009) defined CRM as a software which provide the company with a valuable
information about customers such as: birthday date, place of birth, nationality, material status and names of
children. Also Yim, Anderson and Swaminathan (2004) showed that CRM affect customer satisfaction,
customer retention and sales growth. The author assert that CRM proves managers should think beyond
technologies and need to focus on CRM dimensions which significantly affect customer loyalty and
increase sales growth. CRM is more than atechnology, it is a strategic process (Hung and Lin 2008).
Focusing on CRM helps banks to understand current needs and to predictcustomer`s future plan
to do, in order to meet their goals (Xu 2002). Miremadi et al. ,(2012) stated that CRM overall goal is to
create trust, customer loyalty and longtime relationship in order to create maximum customer long life
relationship. Bouldinget al. (2005) noted that CRM has the potential to enhance both firm performance
and customer benefit, this means CRM enable firms to increase value extraction from customers in the
other hand customers gain greater value from firms because firms meet their needs and expectation
based on CRM.
Many previous studies showed the positive effect of CRM implementation in organizations in
general and in banks in specific. For example, Krasnikov et al. (2009) on selected banks in the US,
revealed that CRM program implementation has decreased the cost and increased the profitability of
the banks. Also many researchers analyzed the impact of CRM on relational variables such as loyalty
and satisfaction with positive significant effect (Feinberg at el. , 2002, Mithas at el. , 2005, Newell,
2001) and other research studies highlighted the positive significant impact of CRM on other variables
like profitability (Chang and Tsay 2004, Rahaman at el. , 2011). Woodcok and Stone (2012) were
discussing the simple strategies that customer relationship management (CRM) uses in wining,
keeping, developing customers and ensuring their profitability, in addition to the efficiency of the
customer management by reduce cost and increase yield. All above mentioned studies supported that
CRM program has a positive impact on banks and customers due to its benefits.
2002), in addition Miremadi, et al. , (2012) defined Electronic Customer Relationship Management
(ECRM) “as the combination of traditional CRM with e-business market place application”.
Miremadi (2012) added that ECRM refers to the set of activities that enable the firm to utilize the
new technology of internet to implement CRM, for that banks all over the world realized the benefit of
CRM implementation with internet and have actively used ECRM strategies. Also Ledderer etal. , (2000)
described Electronic Customer Relationship Management (ECRM) as a combination of hardware,
software, applications and management commitment. But Javadi and Azmoon (2011) defined ECRM as
a strategy of marketing, selling and integration of online service which plays a role of identifying,
obtaining and maintaining the customers who they are the largest assets of the companies. Romano and
Fjermestad (2003) said that (ECRM) concerns about economically valuable customers by attracting and
keeping them in other hand eliminating the economically invaluable customers.
ECRM is one of the new technique used as a competitive advantage in order to achieve the
development and for the continues improvement and has many benefits on both sides (customer side and
business side). Effective implementation of ECRM has to increase customer satisfaction and loyalty
which will affect the market by increasing sales and repeated purchasing (Akhlagh, Daghbandan and
Yousefnejad, 2014) which support our study. ECRM system was found to serve customers in a better
way to meet their expectations and to achieve higher profit and revenue for the business.
Many studies were done to support the benefits of ECRM on business in banks in specific. For
example,Bezhovski and Hussain (2016) found that ECRM has benefits on banks like decreasing work
load on branches, decrease administrative cost, increase cross selling, bank revenue and enables the
bankers to analyze customers’ needs based on past transactions. Another qualitative supported study by
Miremadi, Ghalamakri and Ramezani (2012) found that ECRM implementation brings competitive
advantages to the banks, in keeping them updated with the technology, 'marketing and strategic factors'
and customer segmentation. Soltani and Navimipour (2016) stated that ECRM is a gathering of
concepts, tools and processes which helps the organizations to get the maximum value from their
businesses, it also helps companies to increase the effectiveness of their personal interaction with
customers especially through individualization. Chen and Chen (2004) reveal that some companies
using ECRM often increase their customer loyalty to leverage brand equity.
Another research has examined the outcomes of ECRM implementation in Thai banking sector
from their customer`s perspective. The results showed that success ECRM implementation increase the
relationship quality between the bank and customers, and increase the outcomes also, this comprises on
overall satisfaction, trust, loyalty, retention and willingness to recommend which will be reflected on
bank overall profitability (Sivaraks, Krairit and Tang, 2011).
Yazdanifard and Chenh long (2010) discussed the impact of ECRM in different scale of
companies on customer satisfaction. The authors asserted that most companies with proper ECRM and
success implementation had a positive impact. However, a negative impact was remarked in some
companies due to the failure in implementing an effective ECRM, the authors highlighted some of the
positive impacts as below:
• Increasing customers’ loyalty due to increase the communication with customers and
accessing the customers’ information.
• Predict customer expectation and purchasing power due to his transactions history.
• Classify the most profitable customers to be premium customers through time and
resources allocation
• Customer service efficiency and cost reduction due to improvement in ECRM system
software.
Dhingra and Dhingra (2013) in their study recognized the advantages of ECRM in banking
sector, such as customer interaction and satisfaction, high speed accurate transactions, customer
comfort and convenience, availability of the transaction history which considered the main benefit for
employees and banks and trust which is considered the most important advantage for customers.
Researchers studied many factors related to the ECRM, andthey mainly focused on the appropriate
53 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
process, customer data quality and ECRM system technology determinants (Soltani and Navimipour,
2016; Akhlagh, et al. , 2014; Roh, Ahn and Han, 2005; Wixom, 2001; Fok and Hartman, 2001). The
main components of ECRM are:
According to Roh et al. (2005) quality of customer data can be measured by integrity of
customer information, usefulness of customer information, support of information segmentation and
forecasting the purchasing power of customers.
• Integrity of customer information: it concerns about protecting the information of ECRM
users from any manipulation that could be happened by companies or employees (Graves
and Wong, 2015)
• Usefulness of customer information: to have a rich information about ECRM users that
can be useful and valuable for the system, and the information to be clear, correct and
effective in order to be easy to analyze and understand (Berg 2012, Tervakari et al. ,
2014)
• Support of information segmentation: it describes how ECRM system support in customer
information segmentation by classifying the customer`s data which helps in determining
the valuable customers and the loyal customer (Qian and Xu, 2012).
• Forecasting the purchasing power of customers: the quality of the customer information in
ECRM system can help topredict the purchasing intention, to build trust and loyalty with
customers, and to predict which products the customers are more concern about (Lin, Tsai
et al. , 2015).
and ECRM technology system). Thus,this section presents the theoretical framework developed for this
study and explain the role of each variable included in the diagram.
Appropriate Process
Financial
performance
Customer Data Quality
Non-
Financial
ECRM Technology Performance
System
The conceptual framework of this study has been designed to illustrate the main construct of
the ECRM and its relationship with each type of business performance. The operational definition of
these construct are
• Appropriate process (Independent variable) it is defined as a practical set of process,
strategy and technology as Drasin and Van de Ven(1985) described it in the structure of
the contingency theory, in addition it has the ability to improve ECRM performance
through customer interaction process, processing sales channels, personalization of
process and after-sales service process (Roh et al. , 2005).
• Customer data quality (Independent variable) is the collection of customers’ data to
understood the users’ satisfaction, needs and feedback (Hill, 2009) as the data should be
useful and accurate in order to be successful for CRM implementation (Abbott et al.
2001) .
• ECRM system technology (Independent variable) is to assess the ECRM system itself,
as it should have the ability to collect, analyze and process customers’ data, in addition
should be easy to use and friendly (butler, 2011)
• Business performance (Dependent variable) which measure bank performance from
branch managers’ perspective by comparing their business performance in relative to
bank performance average, as this comparison will allow controlling to different
economic activities in the study`s population, mainly will take into consideration
customer satisfaction and profitability (Kim, Hiskisson and Wan, 2004). For the purpose
of this study, there were two types of measures for business performance were used:
financial and non-financial performance.
4. Research Hypotheses
Sekaran and Bougie (2013) defined hypotheses as “logically conjectured relationships between two or
more variables expressed in the form of testable statements” (p. 83). Therefore, in order to test the
relationship between ECRM and business performance, the following null hypotheses were developed:
• H01: There is no significant relationship between the independent variables (appropriate
process, customer data quality and ECRM system technology); and thefinancial business
performance of Jordanian commercial banks.
57 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
5. Research Methodology
5.1 Research Type and Scale of Measurement
The study proposed to test the relationship between the Electronic Customer Relationship Management
(appropriate process, customer data quality and ECRM system technology) and the business
performance of Jordanian commercial banks. Hence, it is a relational and correlational study because it
searches in the existence of relations between the independent and the dependent variables. In addition,
it is considered as a quantitative research, as it produced quantitative data, and is concerned with the
hypothesis testingThe study used the questionnaire survey to verify the hypotheses and research
framework. The questionnaireswere distributed in the Jordanian commercial banks either by hand or
email and it contained27 questions. It also contained questions regarding the key characteristics of
respondents namely: age, gender, education level, position and type of ECRM system using in the
bank.
To measure the business performance “financial performance and non-financial performance”
of Jordanian commercial banks, the bank`s managers were asked to point out the degree of their
business performance in relative to the banking sector performance average. Comparing the bank to the
bank`s average will allow controlling for different economic activities in the study`s population. Thus,
in arriving at a measure for business performance, the degree of importance of each dimension were
used as a weight, with performance on each item being weighted by the relative importance of each
item. The study used a ‘five-point Likert scale from 1 to 5’ rating from strong disagree to strong agree
to measure the questionnaire items. It has become quite common to use the five-point Likert scale
measure in many studies.
measurable group, i. e. a specific geographical area and a selective group of people (as our study in
Amman for a selective group in the branches).
questionnairesinto computer files so that computer could analyze the data. The SPSS Version 21
program was used in order to analyze the data. Various descriptive and inferential statistical methods
have been used to analyze data such as:
• Cronbach’s Alpha Reliability measure
• Multiple regression analysis.
• Analysis of variance (ANOVA).
• Stepwise regression test.
Kolmogorov-Smirnova Shapiro-Wilk
Statistic Df Sig. Statistic df Sig.
Business performance . 314 119 . 000 . 798 119 . 000
Appropriate process . 304 119 . 000 . 792 119 . 000
Customer data quality . 315 119 . 000 . 798 119 . 000
ECRM system technology . 306 119 . 000 . 808 119 . 000
Lilliefors Significance Correction
As shown in table (3) all results of variables are between . 304 and . 315 for (KS) test with (LF)
test correction and results for (SW) test between . 798 and . 808, which all above 0. 05 that indicate
that all variables are normally distributed as per to Ghasemi and Zahedisal (2012).
7. Testing Hypotheses
The purpose of hypotheses testing is to determine accurately if the null hypotheses (denoted by H0)
can be rejected in order to support the alternate hypothesis (denoted by H1) (Sekaran and Bougie,
2010). The probability value (p-value) obtained from the statistical hypothesis test is considered the
decision rule for rejecting the null hypothesis (Creswell, 2003). If the p-value is greater than a
predetermined level of significance (α- level), then the null hypothesis cannot be rejected and no
support will be claimed for the alternative hypothesis. By contrast, if the p-value is less than or equal to
than the α-level, then the null hypothesis will be rejected and the alternative hypothesis will be
supported.
Multiple Regression Analysis, and Analysis of Variance (ANOVA were used to test the
research main hypotheses of the study. Multiple regression analysis and analysis of variance were
conducted in order to examine the effect of the independent variableson business performance in
Jordanian commercial banks and to test the three hypotheses of this study.
Also, in this study the severity or degree of multicollinearity is tested by examining the relative
size of the pairwise correlation coefficient between the explanatory independent factors. An
examination of the correlation matrix indicates that the correlation for each coefficient is less than
about (. 50). Therefore, it is possible to interpret the findings since the multicollinearity is not severe
(Hair et al. , 2010).
Hair et al. (2010) recommended assessing the tolerance and variance inflation factor (VIF).
Tolerance refers to the assumption of the variability in one independent variable that does not explain
the other independent variable. The VIF reveals much of the same information as the tolerance factor.
The common cut off threshold is a tolerance value of . 10, which corresponds to VIF value above 10.
Multicollinearity was indicated in a tolerance level of less than . 10 or a VIF value above 10. The
tolerance l value for each independent variable above the ceiling tolerance value of . 10, consistent
with the absences of serious level of multicollinearity. This judgment was further supported by a VIF
value for each independent variable above the threshold value of 1. 0. For more details as presented in
Table 4.
61 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
Table 4: Collinearity Statistics
Collinearity Statistics
Model
Tolerance VIF
Appropriate process . 449 2. 229
Customer data quality . 427 2. 343
ECRM system technology . 571 1. 752
According to Table (4. ), the values of Tolerance ranges between . 427 and . 571 which is
acceptable, as for the VIF the values range between 1. 752 and 2. 343 which is also acceptable and this
indicates that there is no collinearity within the data. This implies that there is no problem in the model
regarding having interchangeable Beta values between independent variables.
The main objective of multiple regression analysis here is to understand the extent to which the
components of ECRM (appropriate process, Customer Data and ECRM Technology system) are being
implemented in enhancing the business performance measures (financial and non- financial
performance (taken separately or together). A summary of the results of multiple regression analysis,
with the F-ratio test, for the above hypotheses are s presented in Table (5).
The results indicate that there are significant and positive relationship between the extent of
ECRM being used and each type of business performance measures (financial and no-financial, and
combined) at . 000 level of significance, taken together or Separately. . Thus, it can be concluded that
there appears to be a relationship between the level of ECRM implementation and their impacts in
improving the business performance either financial or non-financial .
The result also shows that about . 70% of variance of the combination of business performance
measures (financial and non-financial) taken together can be explained by the availability ECRM
components, which is much higher than once each factor taken separately . According to the stepwise
multiple regression method, the factors which highly correlated with the dependent variable (i. e. , the
combined of business performance measures) is expected to enter into the regression equation. The F
value at . 00 level of significance is used to determine the “goodness of fit” for the regression equation.
The F value is the ratio of explained to unexplained variance accounted for by the regression equation,
when the total variance accounted is low, interpretation of the individual beta coefficient has little
meaning (SPSS, 2013). Therefore, when the adjusted R square is around . 10 or above and the F value
of the regression equation reaches to 0. 05 level of significance, the individual beta weight is
explained.
Prior to interpreting the results of the multiple regression analysis, several assumptions were
evaluated. First, stem-and-leaf plots and box plots indicated that each variable in the regression was
normally distributed and free univariate outliers. Second, inspection of the normal probability plot of
standardized residuals, as well as the scatter plot of standardized residuals against standardized
predicted value, indicated that the assumptions of normality, linearity and homoscedasticity of
residuals were achieved. The findings of the stepwise regression analysis are presented and discussed
here under the following subsections:
62 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
The Stepwise regression analysis findings also indicate that out of those 3 explanatory
independent components, only two components included in the regression equation. These two
components in in terms of their order of importance are: "Customer Data Quality" and "Appropriate
Process". The adjusted square for these two components is . 469 s shown in table (6). This indicates
that about 47% of the variations of the financial performance of commercial bankscould be explained
byonly thesetwo components.
2. Stepwise Multiple Regressions: Non- Financial Performance Factor as an Dependent;
Taken alone.
The results of the regression analysis indicate that the ECRM (i. e. , all appropriate process,
customer data quality and ECRM technology system ) is significantly related to the non- financial
performance factor. The direction of this relationship is positive. . The Stepwise regression analysis
findings also indicate that out of those 3 explanatory independent components, only two components is
included in the regression equation. These two components in terms of their order of importance are
(1)"Appropriate Process", (2)" ECRM Technology System", see Table (7).
To the best knowledge of the researchers, supporting empirical evidence for the effect of the
ECRM upon the non-financial performance measures might not be established in the previous studies.
The adjusted square for these two components is . 552 as shown in table (7) This indicates that about
55% of the variations of the non-financial performance can be explained by these components. In
comparing the results shown in Table (6) with those of the financial performance, it may be concluded
that the impact of the ECRM components s upon the non-financial performance (. 55) produce a much
higher explanation of the variance than upon the financial performance (. 47). This might indicate the
non- financial performance indicators could be improved much better than non-financial performance
by the implementation of ECRM. This might be due to the fact that ECRM system is more concern
with performance measures such as customer's satisfaction and loyalty than other measures.
3. Stepwise Multiple Regressions: (Financial and Non-financial Performance Factors as
aDependent, Taken Together.
This approach is expected to provide evidence to the influence of the ECRM components upon
business performance measures (i. e. , combination of financial and non-financial measures), taken
together when compared with their influence upon each one acts alone. More of the predictor
components are expected to enter in the regression equation. The findings of the multiple regression
indicate that the implementation of ECRM (i. e. all three components ) are associated with the level of
63 European Journal of Economics, Finance and Administrative Sciences Issue 93 (2017)
the financial and non-financial factors, taken together. The findings also indicate that all the
components of ECRM are included in the regression equation. The adjusted R square for those
components together is . 703, i. e. , about 70% of the variation of the combination of business
performance is explained by them Table (8). Those three most important factors included in the
regression equation are in terms of their order of importance"Customer Data Quality", "Appropriate
Process" and "ECRM Technology System".
Table Error! No text of specified style in document.8: The Stepwise Regression Analysis: Combined Factors
(Financial and Non-Financial)
In comparing this solution with the other two solutions presented in the previous sections , it
may be concluded that the influence of ECRM components upon the combination of the two business
performance measures (i. e. , financial and non-financial) would give better explanation (predictive
power) than upon each factor acting alone. The rate of explanation, which they account for, is
increased from 55% (non-financial performance) and47% (financial performance) to about 70% as
presented in Table (8). The importance components ofECRM s that related to each type of business
performance (i. e. , financial , non-financial and combined) are summarized in Table (9) .
Table 9: A summary of the Stepwise Regression Analysis.: The Importance of Components of ECRM
Related to Business Performance
This conclusion implies that a better understanding of the impact of the implementation of
ECRM components on commercial banks upon their business performance requires that the two
combinations of financial and non-financial performance measures should be viewed and investigated
together rather than only viewing each of them alone. Furthermore, viewing non- financial
performance alone would also give better understanding than viewing -financial performance alone.
This result is supported by Akhlagh et al. (2014) and by Roh et al. (2005).
viewed as a whole rather than isolated fragments. The application of thee multiple regression analysis
reveals that there is a moderate relationship between the availability of ECRM and each type
ofbusiness performance (financial, non-financial and combined) at the aggregate level.
In comparing this among the type of business performance (financial, non-financial and
combined), the result indicated that the influence of availability of ECRM principles upon the
combination of the two business performance measures (i. e. , financial and non-financial) would give
better explanation (predictive power) than upon each factor acting alone. The rate of explanation which
they account for is increased from 57% (non-financial performance) and47% (financial performance)
to about 70% as presented. Furthermore, the application of stepwise regression analysis also showed
that the relative importance of these factors isdiffering according to the type of business performance.
For example while the "Customer Data Quality" as a component of ECRM has shown importantly
related to enhance the financial and combined performance, it was not shown important to enhance
non-financial performances. Furthermore, the "Appropriate Process" has shown important to all types
of business performances measure. It can be concluded that the implementation of ERCM by
commercial bank plays an important role in enhancing the business performance whither financial or
non-financial performances . However, the results found that appropriate process had the greatest
impact on non-financial performance. This might indicate that if banks want to improve their
communication interaction with customers this will increase the customer satisfaction and loyalty and
it will be reflected on the bank overall performance and profitability.
This conclusion also implies that a better understanding of the impact of the availability
ofECRM on the commercial business banks' performance requires that the two combinations of
financial and non-financial performancemeasures should be viewed and investigated together rather
than only viewing each of them alone. Furthermore, viewing non- financial performance alone would
also give better understanding than viewing financial performance alone.
All these results were foundin line with the findings of Akhlagh et al. (2014) who supported the
positive relationship between appropriate process, customer data quality and ECRM system
technologywith business performance. Another study done by Roh et al. (2005) supported same results
of this study, that CRM process, customer information and system technology generally improve
firms’financial performance.
These findingsarealsoconsistent with what were demonstrated in the previous. As a result of
that, banks should take into consideration the appropriate process of ECRM system, customer data
quality and ECRM system technology in order to enhance their business performance whether
financial or non-financial performance. In addition, the banks should educate the employees about the
importance of customer data quality and its main effect on ECRM system and the business
performance of the banks.
The findings of the study are particularly important from managerial and marketing
perspectives more than purely building marketing strategies and campaigns focused on the increase of
the profitability and employees’performance. It is important from the customers’ perspective to be
cooperativewith banks by providing the needed data, feedback and comments that takes there concern
in order to make the requested upgrade.
to be static rather than dynamic. This drawback limits the generalization of the study’s findings to
further situations and beyond the specific population from which the data was gathered. Future
longitudinal studies could provide a better understanding of the implementation of ECRM over time.
The study proposes a framework for future research in measuring the electronic customer
relationship management (ECRM) andbusiness performance from customers’ perspective. This study
done only on Jordanian commercial banks in Amman city, for that in the future, same study could be
conduct on a wider range, foreigner banks, Islamic banks and to be compared with Jordanian
commercial banks and for the wider range, the sample could be spread all over Jordan.
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