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Personalization and Data-driven Marketing Case Study of Guaranty Trust Bank

Akinsanya A. M. Adeyeye T. C.

Subject area: Management and Commerce  ·  Area of research: Management Science

Abstract

This study investigates the relationships between personalization strategies, data collection utilization, marketing effectiveness, customer satisfaction, brand loyalty, and privacy concerns in the context of Guaranty Trust Bank. A correlation analysis was conducted to examine the connections between these variables and customer engagement. The findings suggest that personalization strategies and data collection utilization have weak correlations with customer engagement, while marketing effectiveness is modestly linked to it. Brand loyalty appears to be more closely associated with marketing effectiveness, indicating potential indirect impacts on customer engagement. The study recommends a holistic approach to enhancing customer engagement, with a focus on optimizing marketing effectiveness.

Keywords

Personalization, data-driven marketing, customer engagement, marketing effectiveness, brand loyalty

References

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[4] Halimi, A., Chavosh, A., Namdar, J., Espahbodi, S., & Esferjani, P. (2011). The Contribution of Personalization to Customers’ Loyalty Across the Bank Industry in Sweden. Global Business Issues eJournal.

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[6] Ozturk, A., Nusair, K., Okumus, F., & Singh, D. (2017). Understanding mobile hotel booking loyalty: an integration of privacy calculus theory and trust-risk framework. Information Systems Frontiers, 19, 753-767. https://doi.org/10.1007/s10796-017-9736-4.

[7] Pirson, M., Martin, K., & Parmar, B. (2013). Formation of Stakeholder Trust in Business and the Role of Personal Values. Journal of Business Ethics, 145, 1-20. https://doi.org/10.2139/ssrn.2260527.

[8] Tong, C., Wong, S., & Lui, K. (2012). The Influences of Service Personalization, Customer Satisfaction and Switching Costs on E-Loyalty. International journal of economics and finance, 4, 105. https://doi.org/10.5539/IJEF.V4N3P105.

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How to cite this paper

Akinsanya A. M., Adeyeye T. C. "Personalization and Data-driven Marketing Case Study of Guaranty Trust Bank" Iconic Research And Engineering Journals Volume 7 Issue 2 2023 Page 620-625
Akinsanya A. M., Adeyeye T. C. "Personalization and Data-driven Marketing Case Study of Guaranty Trust Bank" Iconic Research And Engineering Journals, vol. 7, no. 2, Aug. 2023
Akinsanya A. M., Adeyeye T. C. (2023). Personalization and Data-driven Marketing Case Study of Guaranty Trust Bank. Iconic Research And Engineering Journals, 7(2).
Akinsanya A. M., Adeyeye T. C. "Personalization and Data-driven Marketing Case Study of Guaranty Trust Bank" Iconic Research And Engineering Journals, vol. 7, no. 2, Aug. 2023.
@article{1704989,
      author = {Akinsanya A. M., Adeyeye T. C.},
      title = {Personalization and Data-driven Marketing Case Study of Guaranty Trust Bank},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {7},
      number = {2},
      pages = {620-625},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1704989.pdf},
      abstract = {This study investigates the relationships between personalization strategies, data collection utilization, marketing effectiveness, customer satisfaction, brand loyalty, and privacy concerns in the context of Guaranty Trust Bank. A correlation analysis was conducted to examine the connections between these variables and customer engagement. The findings suggest that personalization strategies and data collection utilization have weak correlations with customer engagement, while marketing effectiveness is modestly linked to it. Brand loyalty appears to be more closely associated with marketing effectiveness, indicating potential indirect impacts on customer engagement. The study recommends a holistic approach to enhancing customer engagement, with a focus on optimizing marketing effectiveness.},
      keywords = {Personalization, data-driven marketing, customer engagement, marketing effectiveness, brand loyalty},
      month = {August},
  }