A transformative perspective of financial services for the unbanked Juan Bustamante, Adriana Amaya Journal of Services Marketing, 2020 Purpose This paper aims to examine the factors that affect financial services design of and their effect on the improvement of the unbanked customer well-being. Design/methodology/approach The authors use a path analysis to examine customer well-being integration in the activities of service organizations. The theoretical estimation model was conducted using a structural equation model with maximum likelihood estimation. To build a more robust model that explains customer well-being, direct and indirect effects are used in the estimation of the research model. Findings Perceived customer support and interaction with the storekeeper are two major factors that, positively, influence trust and customer participation (CP). In addition, CP plays a key role in enhancing financial empowerment and thereby in the production of greater customer well-being. Originality/value This study sheds light on the positive effects that the design of services has on customer well-being and exposes the underlying mechanisms that contribute to customer well-being through CP. It also provides a unique financial service format and specific strategies for managing trust and CP to enhance individual well-being in the unbanked population in a developing country.
Measuring customer experience in physical retail environments Juan Carlos Bustamante, Natalia Rubio Journal of Service Management, 2017 Purpose In a world where customer empowerment is continuously increasing and changing the service landscape, retailers must provide memorable shopping experiences to retain and attract new customers. When customers decide to go shopping in physical stores, they expect to enjoy their visit, experiencing cognitive, affective, social, and physical responses evoked by in-store stimuli. The purpose of this paper is to propose and validate a scale to measure in-store customer experience (ISCX). Design/methodology/approach This study’s theoretical review of customer experience (CX) demonstrates that a formative model provides the best structure for measuring the construct ISCX. Furthermore, the study follows the guidelines for rigorous construction of a formative scale, which include three main stages: generation of items, scale purification, and assessment of scale validity and reliability. Findings The results provide evidence that a formative third-order scale with a reflective second-order dimension (social experience) and three reflective first-order dimensions (cognitive, affective, and physical experience) has satisfactory psychometric properties. The findings also provide useful information on the effect of the ISCX scale on key performance variables such as satisfaction and loyalty to the store. Originality/value The ISCX scale proposed constitutes a useful multi-concept diagnostic tool for use by retailers to create fully experiential shopping environments with differential value for the customer. By providing a complete, robust, precise measure of CX in a retail environment, the scale gives researchers a structured way to examine the causes and consequences of CX in retail.
Use of mediating and moderating variables in explaining consumer loyalty in service environments Juan Carlos Bustamante Estudios Gerenciales, 2015 El presente artículo tiene por objeto desarrollar un modelo que permita explicar la lealtad del consumidor en un ámbito de servicios al incorporar al análisis variables mediadoras y moderadoras del comportamiento del consumidor. Para contrastar el modelo se realizó un estudio a consumidores de telefonía móvil y televisión por suscripción en Venezuela, a partir de lo cual se realizó una estimación mediante modelos de estructura de covarianza. La investigación produjo un modelo que demuestra la importancia del uso de variables mediadoras (valor percibido y confianza) en la predicción de la lealtad del consumidor en ambientes de servicio. El efecto moderador que produce la aversión a la pérdida quedó reflejado principalmente en el valor percibido y la confianza del consumidor, afectando así a las variables resultado, satisfacción y lealtad
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A transformative perspective of financial services for the unbanked J Bustamante, A Amaya Journal of Services Marketing 34 (2), 193-205 , 2020 2020 Citations: 19
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