Marketing Financial Services

Marketing Financial Services

by Arthur Meidan (Author), JillianFarquhar (Author)

Synopsis

Marketing Financial Services recognises that the major function of the financial services marketer is decision making. It focuses on the major types of decisions - and problems - facing marketing executives. Strategies to win and retain B2B and B2C customers are discussed in the context of many financial services sectors, including banks, insurance companies, investment trusts and stock exchanges.

This second edition has been thoroughly updated to reflect changes in the industry and the availability of new technologies. The text has been made more accessible and includes gripping case studies to demonstrate the realities of financial services marketing in an unstable and competitive environment.

Key features:

* Logical structure and improved pedagogy, including new vignettes and detailed case studies
* An experienced and established author team gives expert advice
* International coverage shows you the big picture
* Companion Website, offering PowerPoint slides, revision questions and answers to case study exercises, and long case studies with notes and exercises

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More Information

Format: Paperback
Pages: 350
Edition: 2nd edition
Publisher: Palgrave Macmillan
Published: 21 May 2010

ISBN 10: 0230201180
ISBN 13: 9780230201187
Book Overview: An excellent book combining the closely related activities of financial services, services marketing and strategic marketing in a well presented, logically strong and scientifically correct method with plenty of advice, case studies, easy to follow charts, and graphs. This book can be used by anybody who wishes to learn the intricacies of customer relationships and relationship management in the financial services. I strongly recommend this clever book to all in the financial services markets and students of marketing. - Professor Tevfik Dalgic, School of Management, University of Texas at Dallas, USA The authors provide a comprehensive review of the theory and take it in to a contemporary setting. The book provides a framework for decision making and better marketing practice in the financial services industry. - Professor Sandra Vandermerwe, Chair of International Marketing and Services, Tanaka Business School, Imperial College London, UK An invaluable resource for all those interested in learning more about the marketing of financial services. The coverage of the book is extremely comprehensive, incorporating discussion of all main elements of marketing financial services. The main text is complemented very effectively with the use of examples, leading to an excellent blend of theory and practice. I would strongly recommend this book to both students and practitioners. - James Devlin, Professor of Marketing, Director of Undergraduate Programmes, Business School, University of Nottingham, UK A valuable resource for students and practitioners of financial services marketing, packed with up-to-date trends and useful examples that bring this fascinating area of study to life - Dr Tina Harrison, Senior Lecturer in Financial Services Marketing and Editor-in-Chief of the Journal of Financial Services Marketing This new textbook takes into account the reverberations that have affected the marketing of financial services following the global financial crisis.The international coverage reflects the increasingly global nature of financial services, whilst the up-to-date cases draw the readers' attention to the challenges that both existing players and new entrants face in marketing these products, to the increasingly demanding financial services customer. - Professor Steve Worthington, Department of Marketing, Monash University, Australia The global financial crisis of 2008-09 has highlighted the pivotal role played by the financial services sector; these events have clearly demonstrated that the way in which the sector designs and markets products to a retail market can have major implications for economic and social wellbeing. And, in turn, this underscores the importance of understanding the principles and practice of marketing financial services. This revised edition of one of the classic texts in the area is timely and topical; key elements of marketing as they apply to financial services are clearly articulated and supported with practical illustrations. Building on extensive accumulated experience of the sector, Meidan and Dawes Farquhar provide students with a thoughtful and insightful treatment of the many challenges associated with fair and effective marketing for retail financial services. - Professor Christine Ennew, Pro Vice Chancellor and Professor of Marketing, University of Nottingham, UK Jillian Dawes Farquhar and Arthur Meidan have succeeded in capturing the complexities and nuances of financial services and have presented a most understandable interpretation of how marketing should be practised in this sector. Their second edition is impressively up-to-date, presenting an analysis of recent developments in the international financial sector and their implications for marketing. Students and practitioners alike will welcome the strategic approach of t

Media Reviews
An excellent book combining the closely related activities of financial services, services marketing and strategic marketing in a well presented, logically strong and scientifically correct method with plenty of advice, case studies, easy to follow charts, and graphs. This book can be used by anybody who wishes to learn the intricacies of customer relationships and relationship management in the financial services. I strongly recommend this clever book to all in the financial services markets and students of marketing. - Professor Tevfik Dalgic, School of Management, University of Texas at Dallas, USA The authors provide a comprehensive review of the theory and take it in to a contemporary setting. The book provides a framework for decision making and better marketing practice in the financial services industry. - Professor Sandra Vandermerwe, Chair of International Marketing and Services, Tanaka Business School, Imperial College London, UK An invaluable resource for all those interested in learning more about the marketing of financial services. The coverage of the book is extremely comprehensive, incorporating discussion of all main elements of marketing financial services. The main text is complemented very effectively with the use of examples, leading to an excellent blend of theory and practice. I would strongly recommend this book to both students and practitioners. - James Devlin, Professor of Marketing, Director of Undergraduate Programmes, Business School, University of Nottingham, UK A valuable resource for students and practitioners of financial services marketing, packed with up-to-date trends and useful examples that bring this fascinating area of study to life - Dr Tina Harrison, Senior Lecturer in Financial Services Marketing and Editor-in-Chief of the Journal of Financial Services Marketing This new textbook takes into account the reverberations that have affected the marketing of financial services following the global financial crisis.The international coverage reflects the increasingly global nature of financial services, whilst the up-to-date cases draw the readers' attention to the challenges that both existing players and new entrants face in marketing these products, to the increasingly demanding financial services customer. - Professor Steve Worthington, Department of Marketing, Monash University, Australia The global financial crisis of 2008-09 has highlighted the pivotal role played by the financial services sector; these events have clearly demonstrated that the way in which the sector designs and markets products to a retail market can have major implications for economic and social wellbeing. And, in turn, this underscores the importance of understanding the principles and practice of marketing financial services. This revised edition of one of the classic texts in the area is timely and topical; key elements of marketing as they apply to financial services are clearly articulated and supported with practical illustrations. Building on extensive accumulated experience of the sector, Meidan and Dawes Farquhar provide students with a thoughtful and insightful treatment of the many challenges associated with fair and effective marketing for retail financial services. - Professor Christine Ennew, Pro Vice Chancellor and Professor of Marketing, University of Nottingham, UK Jillian Dawes Farquhar and Arthur Meidan have succeeded in capturing the complexities and nuances of financial services and have presented a most understandable interpretation of how marketing should be practised in this sector. Their second edition is impressively up-to-date, presenting an analysis of recent developments in the international financial sector and their implications for marketing. Students and practitioners alike will welcome the strategic approach of this successful textbook. - James G. Barnes, Faculty of Business Administration, Memorial University of Newfoundland, Canada I particularly like the strategic treatment of the topics and the highlights for me are chapters 8 (Creating value: product) and the final chapter's strategic overview. The case studies and vignettes are truly international which is so important for teachers of financial services who reside outside Europe or North America. The turbulent financial times of 2008-2009 have been captured adroitly as have the recent advances in mobile telephony, social media communication, etc. - Ron Garland, Associate Professor, Department of Marketing, Waikato Management School, University of Waikato, New Zealand The authors have brought a new dimension to what was already an academic marker in this field. The text follows a structured thinking process and has a challenging up-to-date context, lively content with real relevance to industry, as well as a good monological approach. - Professor Luiz Moutinho, Foundation Chair in Marketing, University of Glasgow, UK Written by two outstanding scholars in the field, this book is a must reading for the students of financial services marketing and practitioners alike. Comprehensive coverage of well-structured topics combined with thought-provoking case studies and excellent examples, make Marketing Financial Services indispensable as a one-stop knowledge and action source on financial services marketing. - Ugur Yavas, Department of Management and Marketing, East Tennessee State University, USA Prof. Dawes Farquhar and Prof. Meidan have managed to give a European flavour to this book, especially through examples and end-of-chapter cases, which makes it suitable as core material in financial services marketing courses in different countries. They have included an interesting and original chapter that covers the issue of building the financial services brand, a challenging task for every services marketer. This adds to the originality of this textbook, which is a must-have for academics, students, practitioners and marketing managers. - Shpetim CERRI, Lecturer, Department of Marketing, Faculty of Economics, University A. Xhuvani, Elbasan, Albania, UK The second edition has been significantly improved, with the following new features: * Content has been thoroughly reviewed, revised and updated. * The structure has been modified with several new well-related chapters to the financial services market - reflecting changes in the sector and the availability of new technologies. * The text is more student friendly, and includes many case studies and vignettes plus many useful pedagogical features. - Dr. Essam B. Ibrahim, Director of Doctoral Programme, Senior Lecturer in Marketing, University of Edinburgh Business School, UK
Author Bio
JILLIAN DAWES FARQUHAR is is Professor of Marketing Strategy at the University of Bedfordshire, UK. She has extensive experience of consulting for major financial services providers and is Editor of the International Journal of Bank Marketing.

ARTHUR MEIDAN is Emeritus Professor of Marketing at Sheffield University Management School, UK. He has lectured, consulted and taught extensively on bank and insurance marketing throughout the world. He has also published widely and currently serves on the editorial board for both the International Journal of Bank Marketing and the Journal of Financial Services Marketing.