The purpose of this research was to focus on how Lloyds Bank, one of the leading and largest banks of the UK, is using CRM to their advantage. After collecting secondary data, several different methods implemented by the organization were found to implement and strengthen its CRM activities. The findings show the organization is providing training to its employees so that they can become more skillful and competent while dealing with consumers. Lloyd Bank is also tracking buying behavior of its consumers and demands of its consumers based on different demographic factors. These are helping the organization to customize or improve its products and services. Besides, it is also using social media marketing along with traditional marketing methods, such as newsletters to let the consumers know about new product launches. It is also providing discount coupons to its consumers to motivate their buying behavior. Lloyds Bank is also working to increase customer loyalty by providing VIP services to its consumers. It is also continuously improving the way consumers love to communicate so that customer engagement remains uninterrupted. Besides, as a bold move, rather than focusing on all the consumers, Lloyds Bank is only focusing on most-profitable and responsible consumers.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2025 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.