The Influence of Digital Marke
The Influence of Digital Marke
The Influence of Digital Marke
GENERAL MANAGEMENT
Abstract
This study discusses customer satisfaction in financial services organizations. The data collection method used was
a questionnaire distributed to 250 banking customers and analyzed using the Lisrel SEM program. Research
findings indicate that banking organizations that use internet technology in marketing can have an impact on
customer satisfaction. Customer value obtained based on experience and good service can strengthen customer
relationships. This research was conducted in the Indonesian context. However, the findings of this study have the
opportunity to be generalized and applied to financial organizations in other countries.
Keywords: Digital Marketing, Customer Experience, Relationship Marketing and Customer Satisfaction
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satisfaction can be marked by the emergence of the competition, which can be a statistical and dynamic customer
customer's desire to re-transaction. experience. Customer satisfaction is a consumer's feeling
about product performance in which consumers have
According to Rahman (2015); Andaç, et al. (2016) digital expectations about the product and feel satisfied if the
marketing is a strategy used by a company by utilizing product's performance is above the average consumer desire
technology that is developing as it is today, such as the (Sudari, et al, 2019).
internet. Banon, et. al., (2021) said that digital marketing is part
of management science that utilizes internet network H2: There is a positive direct relationship between
technology which aims to expand and accelerate marketing customer experience and customer
reach. In its use, social media such as Facebook is not only a
mass social communication medium but also one of the largest
digital marketing platforms. Digital marketing can be defined as
the process of using digital technology to integrate, target, and Relationship Marketing and Customer
measure in-depth communication with customers to retain and Satisfaction
gain customers (Ghotbifar, et al., 2017; Yasmin, et al., 2015).
Relationship Marketing focuses on orientation to customer
Customer experiences are personal and extraordinary, they retention, continuous customer contact, customer value, long
involve customer perception and participation, engage term scale, and an emphasis on customer service. High
customers emotionally, share with others and are temporarily commitment to meet customer expectations and quality that is
remembered (Sharma & Rather, 2015). In a study conducted the concern of all staff (Yang, et al., 2016). Satisfaction can be
by Sukwadi (2015) customer experience includes personal used as a foundation when building and developing a
responses that are not objective and have the obligation to business, mutual benefits and long-term relationships with
interact directly or indirectly with the company's organization. customers (Herath&Herath, 2019).
Customers have positive initiatives in interacting with the
company's organization after making transactions, using H3: There is a positive direct relationship between
products, and giving an assessment of the products used. relationship marketing and customer satisfaction
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several steps, namely preparation, composition and finalization respondents were interested in being involved in the research
as well as calculating whether the respondents were interested and were able to fill out the answers to the questionnaires sent.
in being involved in the research and were able to fill out the
answers to the questionnaires sent.
This research uses quantitative descriptive analysis and Results And Discussion
survey method. The study was conducted in Lampung province
and used a sample of 250 respondents and was selected using
Testing Requirements Analysis
a non-probability sampling method through purposive sampling Normality Test
technique. The response rate is done using a closed design
and instrument and sent using email. It is hoped that this The normal test of data is used to evaluate the distribution
design can increase the response rate. In addition, the authors of the processed data. Based on data calculations using
took several steps, namely the preparation, preparation and SPSS, the following results are obtained:
finalization of the instrument, as well as calculating whether the
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Based on the summary of the results in Table 4, the the latent variable η1. The value of construct reliability 2 is 0.52
construct reliabilityξ1 is 0.56 smaller than 0.70 (CR<0.70) and less than 0.70 (CR<0.70) while the variance extracted value is
the variance extracted is 0.83 more than 0.50 (VE>0.50). This 0.81 above 0.50 (VE>0.50). This shows that the four manifest
means that the four manifest constructs have consistency in constructs have consistency in measuring the latent variable
measuring the latent variable ξ1. The value of construct η2.
reliabilityξ2is 0.76 greater than 0.70 (CR>0.70) and the
variance extracted is 0.93 more than 0.50 (VE>0.50). This
means that the four manifest constructs have consistency in
measuring the latent variable ξ2. The value of construct T-value Coefficient Calculation Results
reliabilityη1is 0.76 above 0.70 (CR>0.70) and the variance
After testing the requirements analysis, the next step is the
extracted value is 0.91 above 0.50 (VE>0.50). This means that
calculation and testing of each path coefficient.
the three manifest constructs have consistency in measuring
Path Coefficient
No. Variable Result Conclusion
SLF* tvalue
1. η2over ξ1 0,51 5,57 RejectsH0 Significant
2. η2over ξ2 0,23 3,41 RejectsH0 Significant
3. η2over η1 0,16 1,97 RejectsH0 Significant
4. η1over ξ1 0,59 7,66 RejectsH0 Significant
5. η1over ξ2 0,14 2,13 RejectsH0 Significant
Table 5.Resultsof Path Coefficient
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From the sub-structure test 1, the path coefficient (γη1ξ1) is Sub-Structure 2 Equation
0.59 and the tvalue = 7.66 >ttable (0.05: 250) = 1.65, meaning
that it rejects Ho and the path coefficient γη1ξ1 is significant. The path coefficient value found, namely sub-structure 1 is
The path coefficient (γη1ξ2) is 0.14, and the tvalue = 2.13 described in the equation persamaan η2 = γ21ξ1+ γ22ξ2 +
>ttable (0.05: 250) = 1.65, meaning that it rejects Ho and the β21η1 + ζ2. This test will result in a decision to test hypotheses
path coefficient γη1ξ2 is significant. 3, 4 and 5.
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Based on Lisrel's output, the overall fit test of the model of variable ξ1 on variable η2 with a value of tvalue>ttable,
using the χ2 test (chi square) was obtained from the Weighted namely 5.57 > 1.65, meaning that it can be concluded that
Least Squares chi-square value of 165.39 with a p-value of hypothesis 1 is accepted.
0.0000 <0.05 and it was concluded that the results of the χ2
test did not match as a whole. In addition, the comparison of
the value of χ2 with the degree of freedom (χ2 / df) is
165.39/84 = 1.96 <0.05 so it can be concluded that through Positive Direct Effect of Variable (Customer
controlling the complexity of the model (which is proxied by the Experience) ξ2on Variable (Customer
number of pressures of freedom), the model actually has a Satisfaction) η2
good fit which is quite good.
Hypothesis 2 has a positive direct effect of ξ2 on η2. The
The next test is that the RMSEA shows that it is smaller findings of this study indicate that there is a direct positive
than 0.08, so it can be concluded that the model has a good fit. effect of variable ξ2 on variable η2 with a value of tvalue>ttable
Furthermore, AGFI which shows test results less than 0.90, which is 3.41 > 1.65, and it is concluded that hypothesis 2 is
means that the model fit is less recommended, while GFI, CFI, accepted.
NFI, NNFI, IFI, RFI and ECVI show test results more than 0.90
so it can be concluded that the model fit is very good.
Positive Direct Effect of Variable
(Relationship Marketing) η1on Variable
Positive Direct Effect of Variable (Digital (Customer Satisfaction) η2
Marketing) ξ1on Variable (Customer
Satisfaction) η2 Hypothesis 3 has a positive direct effect of 1 on 2. The
results of this study indicate that there is a direct positive effect
Hypothesis 1 has a positive direct effect of ξ1 on η2. The of variable 1 on variable 2 with a value of tvalue>ttable that is
results of this study explain that there is a direct positive effect 1.97 > 1.65, and it can be stated that hypothesis 3 is accepted.
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Positive Direct Effect of Variable (Digital researchers. Furthermore, this paper would not be feasible
Marketing) ξ1on Variable (Relationship without the unwavering assistance, support, and work of their
articles, who accompanied them to successfully complete the
Marketing) η1 research. They also wish to thank their family and friends for
their unwavering support. Last but not least, they wish to
Hypothesis 4 has a positive direct effect of ξ1 on η1. This
express their heartfelt thanks to the Almighty for providing them
study resulted in a positive direct effect of variable ξ1 on
with sufficient grace, strength, and wisdom during the research.
variable η1 with a value of tvalue>ttable, namely 7.66 > 1.65,
and it was concluded that hypothesis 4 was accepted.
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