Financial Services Marketing

Acknowledgements

Foreword

Introduction

PART I: Context and strategy

1 The role, contribution and context of financial services

1.1 Introduction
1.2 Economic development
1.3 Government welfare context
1.4 Lifetime income smoothing
1.5 The management of risk
1.6 Financial exclusion
1.7 Mutual and proprietary supply
1.8 Regulation of financial services
1.9 Summary and conclusions

2 Marketplace structures, products and participants
2.1 Introduction
2.2 Some historical perspectives
2.3 The geography of supply
2.4 An outline of product variants
2.5 Banking and money transmission
2.6 Lending and credit
2.7 Saving and investing
2.8 Life assurance
2.9 General insurance
2.10 Summary and conclusions

3 Introduction to financial services marketing
3.1 Introduction
3.2 Defining financial services
3.3 The differences between goods and services
3.4 The distinctive characteristics of financial services
3.5 The marketing challenge
3.6 Classifying services
3.7 Summary and conclusions

4 Analysing the marketing environment
4.1 Introduction
4.2 The marketing environment
4.3 The macro-environment
4.4 The market environment
4.5 The internal environment
4.6 Evaluating developments in the marketing environment
4.7 Conclusions

5 Strategic development and marketing planning
5.1 Introduction
5.2 Strategic marketing
5.3 Developing a strategic marketing plan
5.4 Tools for strategy development
5.5 Summary and conclusions

6 Internationalisation strategies for financial services
6.1 Introduction
6.2 Internationalisation and the characteristics of financial services
6.3 The drivers of internationalisation
6.4 Globalisation strategies
6.5 Strategy selection and implementation
6.6 Summary and conclusions

7 Understanding the financial services consumer
7.1 Introduction
7.2 Consumer choice and financial service
7.3 Consumer buying behaviour in financial services
7.4 Industry responses
7.5 Summary and conclusions

8 Segmentation targeting and positioning
8.1 Introduction
8.2 The benefits of segmentation
8.3 Successful segmentation
8.4 Approaches to segmenting consumer markets
8.5 Approaches to segmenting business-to-business markets
8.6 Targeting strategies
8.7 Positioning products and companies
8.8 Repositioning
8.9 Summary and conclusions


PART II: Customer acquisition

9 Customer acquisition strategies and the marketing mix
9.1 Introduction
9.2 Short-term marketing planning
9.3 The role of the financial services marketing mix
9.4 The financial services marketing mix: key issues
9.5 Customer acquisition and the financial services marketing mix
9.6 Summary and conclusions

10 Product-service design and delivery
10.1 Introduction
10.2 The concept of the service product
10.3 Islamic financial instruments
10.4 Influences on product management
10.5 Managing existing product lines
10.6 New product development
10.7 Summary and conclusions

11 Communication and promotion
11.1 Introduction
11.2 Principles of communication
11.3 Planning a promotional campaign
11.4 Forms of promotion
11.5 Summary and conclusions

12 Pricing and value management
12.1 Introduction
12.2 The role and characteristics of price
12.3 Value and the challenges of pricing financial services
12.4 Methods for determining price
12.5 Price differentiation and discrimination
12.6 Price determination
12.7 Pricing strategy and promotional pricing
12.8 Summary and conclusions

13 Distribution channels: routes-to-market
13.1 Introduction
13.2 Distribution: distinguishing features
13.3 Distribution methods and models
13.4 Distribution channels
13.5 Summary and conclusions


PART III: Customer development

14 Customer relationship management strategies
14.1 Introduction
14.2 Drivers of Change
14.3 Customer persistency – acquire the right customers
14.4 Retaining the right customers
14.5 Customer retention strategies
14.6 The customer relationship chain
14.7 Lifetime customer value
14.8 Relationship marketing in specific contexts
14.9 Customer data management
14.10 Summary and conclusions

15 Service delivery and service quality
15.1 Introduction
15.2 The service profit-chain
15.3 Defining service quality
15.4 Models of service quality
15.5 The gap model of service delivery
15.6 The outcomes of service quality
15.7 Service failure and recovery
15.8 Summary and conclusions

16 Customer satisfaction, customer value and treating customers fairly
16.1 Introduction
16.2 Understanding customer satisfaction
16.3 Customer value
16.4 Defining customer satisfaction
16.5 Methodologies for obtaining satisfaction data
16.6 Making appropriate using of satisfaction information
16.7 Treating customers fairly
16.8 The satisfaction-advocacy relationship

17 Putting customer development into practice
17.1 Introduction
17.2 People and culture
17.3 Product considerations
17.4 Pricing and value
17.5 Advertising and promotion
17.6 Distribution and access
17.7 Processes
17.8 Evaluating marketing performance
17.9 Corporate social responsibility
17.10 Towards a sustainable future
17.11 Summary and conclusions

Bibliography