Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty

This study aims to analyze pricing and promote strategies to increase customer loyalty of sharia banks in Kudus, Central Java, Indonesia. This research method using qualitative and quantitative approach. The data used is time series data. The population of this study are customers who actively trans...

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Main Authors: Amin Kuncoro, Y. Sutomo
Format: Article
Language:English
Published: Universitas Negeri Semarang 2018-06-01
Series:Jurnal Dinamika Manajemen
Subjects:
Online Access:https://journal.unnes.ac.id/nju/index.php/jdm/article/view/14655
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author Amin Kuncoro
Y. Sutomo
author_facet Amin Kuncoro
Y. Sutomo
author_sort Amin Kuncoro
collection DOAJ
description This study aims to analyze pricing and promote strategies to increase customer loyalty of sharia banks in Kudus, Central Java, Indonesia. This research method using qualitative and quantitative approach. The data used is time series data. The population of this study are customers who actively transact in Islamic banks in Kudus. Sampling technique using non probability sampling with accidental type of sampling. So the number of respondents needed in this research is a number of 100 active bank customers. The analytical method uses correlational descriptive analysis using Structural Equation Modeling (SEM), correlational assumption test and classical assumption test using AMOS 20 software. The result of this research explains that price and promotion contribute to increase customer and product loyalty which can become empirical variable. This proves that Sharia Bank is expected to have a special strategy to increase customer loyalty. How to increase loyalty in addition to improving the quality of Islamic banking products such as murobahah, musyarokah and mudharobah is to improve the characteristics of macro and Sharia micro finance institutions. This is because the excess of syariah bank products has never been found in conventional financial institutions in Indonesia.
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institution Kabale University
issn 2086-0668
2337-5434
language English
publishDate 2018-06-01
publisher Universitas Negeri Semarang
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series Jurnal Dinamika Manajemen
spelling doaj-art-fe360f70fdca4edd8e37749ddc3e02262025-08-20T03:25:47ZengUniversitas Negeri SemarangJurnal Dinamika Manajemen2086-06682337-54342018-06-0191899910.15294/jdm.v9i1.146557483Pricing Strategies and Implementation Promotion Strategies to Improve Customer LoyaltyAmin Kuncoro0Y. Sutomo1STIE AKASTIE AKAThis study aims to analyze pricing and promote strategies to increase customer loyalty of sharia banks in Kudus, Central Java, Indonesia. This research method using qualitative and quantitative approach. The data used is time series data. The population of this study are customers who actively transact in Islamic banks in Kudus. Sampling technique using non probability sampling with accidental type of sampling. So the number of respondents needed in this research is a number of 100 active bank customers. The analytical method uses correlational descriptive analysis using Structural Equation Modeling (SEM), correlational assumption test and classical assumption test using AMOS 20 software. The result of this research explains that price and promotion contribute to increase customer and product loyalty which can become empirical variable. This proves that Sharia Bank is expected to have a special strategy to increase customer loyalty. How to increase loyalty in addition to improving the quality of Islamic banking products such as murobahah, musyarokah and mudharobah is to improve the characteristics of macro and Sharia micro finance institutions. This is because the excess of syariah bank products has never been found in conventional financial institutions in Indonesia.https://journal.unnes.ac.id/nju/index.php/jdm/article/view/14655pricing strategypromoting strategyloyalty customers.
spellingShingle Amin Kuncoro
Y. Sutomo
Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty
Jurnal Dinamika Manajemen
pricing strategy
promoting strategy
loyalty customers.
title Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty
title_full Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty
title_fullStr Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty
title_full_unstemmed Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty
title_short Pricing Strategies and Implementation Promotion Strategies to Improve Customer Loyalty
title_sort pricing strategies and implementation promotion strategies to improve customer loyalty
topic pricing strategy
promoting strategy
loyalty customers.
url https://journal.unnes.ac.id/nju/index.php/jdm/article/view/14655
work_keys_str_mv AT aminkuncoro pricingstrategiesandimplementationpromotionstrategiestoimprovecustomerloyalty
AT ysutomo pricingstrategiesandimplementationpromotionstrategiestoimprovecustomerloyalty