Relational key account management: building a competitive advantage through structural reformations and relationship management skills

Spiros Gounaris, Nektarios Tzempelikos

Research output: Contribution to journalArticle

16 Citations (Scopus)

Abstract

Literature has widely recognised the importance of key account management (KAM) in building long-term customer relationships. Although KAM grounds significantly on the relationship marketing theory, most empirical studies focus on the financial impact a KAM programme can produce. Hence, only normative work can advise practitioners on the implications from adopting a relational approach in managing their business with customers who can help the supplier realise a broader set of strategic objectives. Drawing from 304 cases of different suppliers, this article seeks to start filling this gap in the literature and offer empirical evidence regarding the structural and relational implications from a KAM programme. In summary, the findings suggest that adopting a relational perspective through the development of key account management orientation (KAMO) will result in certain, necessary, structural reformation while allowing for specific relational skills to develop. Consequently, supplier's performance also improves. Moreover, this chain of effects remains strong independently of resources available to the supplier, suggesting that KAM can be a significant basis for developing a competitive advantage irrespectively of the supplier's size.
LanguageEnglish
Pages1110-1123
Number of pages24
JournalIndustrial Marketing Management
Volume43
Issue number7
Early online date15 Jul 2014
DOIs
Publication statusPublished - Oct 2014

Fingerprint

Management skills
Competitive advantage
Key account management
Relationship management
Suppliers
Empirical study
Resources
Strategic objectives
Customer relationship
Empirical evidence
Supplier performance
Marketing theory

Keywords

  • account management
  • relationship management
  • structural reformations

Cite this

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abstract = "Literature has widely recognised the importance of key account management (KAM) in building long-term customer relationships. Although KAM grounds significantly on the relationship marketing theory, most empirical studies focus on the financial impact a KAM programme can produce. Hence, only normative work can advise practitioners on the implications from adopting a relational approach in managing their business with customers who can help the supplier realise a broader set of strategic objectives. Drawing from 304 cases of different suppliers, this article seeks to start filling this gap in the literature and offer empirical evidence regarding the structural and relational implications from a KAM programme. In summary, the findings suggest that adopting a relational perspective through the development of key account management orientation (KAMO) will result in certain, necessary, structural reformation while allowing for specific relational skills to develop. Consequently, supplier's performance also improves. Moreover, this chain of effects remains strong independently of resources available to the supplier, suggesting that KAM can be a significant basis for developing a competitive advantage irrespectively of the supplier's size.",
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Relational key account management : building a competitive advantage through structural reformations and relationship management skills. / Gounaris, Spiros; Tzempelikos, Nektarios.

In: Industrial Marketing Management, Vol. 43, No. 7, 10.2014, p. 1110-1123.

Research output: Contribution to journalArticle

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T2 - Industrial Marketing Management

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AU - Tzempelikos, Nektarios

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