Article | 11th QMOD Conference. Quality Management and Organizational Development Attaining Sustainability From Organizational Excellence to SustainAble Excellence; 20-22 August; 2008 in Helsingborg; Sweden | A Combined QFD; AHP and ANP Approach for Quality Improvement and Capacity Expansion in the Greek Banking Sector: Some Preliminary Results

Title:
A Combined QFD; AHP and ANP Approach for Quality Improvement and Capacity Expansion in the Greek Banking Sector: Some Preliminary Results
Author:
Andreas C. Georgiou: Department of Business Administration, University of Macedonia, Greece Katerina Gotzamani: University of Macedonia, Greece Andreas Andronikidis: University of Macedonia, Greece George N. Paltayian: University of Macedonia, Greece
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Full text (pdf)
Year:
2008
Conference:
11th QMOD Conference. Quality Management and Organizational Development Attaining Sustainability From Organizational Excellence to SustainAble Excellence; 20-22 August; 2008 in Helsingborg; Sweden
Issue:
033
Article no.:
020
Pages:
223-236
No. of pages:
14
Publication type:
Abstract and Fulltext
Published:
2008-12-09
Series:
Linköping Electronic Conference Proceedings
ISSN (print):
1650-3686
ISSN (online):
1650-3740
Publisher:
Linköping University Electronic Press; Linköpings universitet


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Purpose: This paper proposes the utilisation of Quality Function Deployment (QFD) in order to detect and translate bank customers’ needs into actionable goals for capacity expansion. Specifically; this study aims to identify the selection criteria -“wants” of banks’ customers in Greece. Customers “wants” are also related to key market segments to develop the First House of Quality.

Methodology/Approach: A specific questionnaire was designed based on a list of selection criteria that was drawn from previous surveys as well as on the professional experience of the authors. Five hundreds forty nine (549) questionnaires were personally administered to customers of major banks in Thessaloniki; Greece. A total of 1770 customers were approached; yielding a response rate of 31%.

Findings: Exploratory factor analysis revealed six dimensions regarding bank customers selection criteria. These are: “Simple and effective service”; “Innovation Products”; “Pricing”; “Working Hours”; “Network Sufficiency”; and “Location”. Customers were categorized in six key market segments; based on their most frequently used bank products. These were: a) Housing Loans; b) Consumer Loans; c) Credit Cards; d) Savings Deposits; e) Time Deposits; and f) Funds.

Research limitations: Distributing questionnaires personally did not allow the creation of a completely representative sample of customers of the Greek bank industry.

Practical implications: Measuring customers’ perceptions in terms of the six selection criteria dimensions that emerged can support decision making regarding initiatives to be taken. Findings were related to specific bank product categories assisting managers to customize key banking processes to meet customer needs.

Originality/value of paper: The findings of this study provide insights into customers’ priorities when selecting a specific banking institution. Furthermore; they relate customer wants to specific market segments based on primary data; forming thus; a robust background for the next steps of the research.

Keywords: QFD; Banks; Customer criteria; Factor Analysis; Greece

11th QMOD Conference. Quality Management and Organizational Development Attaining Sustainability From Organizational Excellence to SustainAble Excellence; 20-22 August; 2008 in Helsingborg; Sweden

Author:
Andreas C. Georgiou, Katerina Gotzamani, Andreas Andronikidis, George N. Paltayian
Title:
A Combined QFD; AHP and ANP Approach for Quality Improvement and Capacity Expansion in the Greek Banking Sector: Some Preliminary Results
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11th QMOD Conference. Quality Management and Organizational Development Attaining Sustainability From Organizational Excellence to SustainAble Excellence; 20-22 August; 2008 in Helsingborg; Sweden

Author:
Andreas C. Georgiou, Katerina Gotzamani, Andreas Andronikidis, George N. Paltayian
Title:
A Combined QFD; AHP and ANP Approach for Quality Improvement and Capacity Expansion in the Greek Banking Sector: Some Preliminary Results
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