The possible interrelationships among four constructs-excellence, mark
et orientation, management of expectations, and service reliability-ar
e considered. Proposals concerning the interrelationships among these
constructs are made, and a model of their relationship to business per
formance specified. The model is tested with data from a sample of lar
ger U.K. service firms, and the relationships are analyzed using LISRE
L. The research implications for academics, and the ramifications for
practitioners are discussed. The results highlight the role that manag
ement of expectations plays in moderating the relationship between exc
ellence and business performance. (C) 1998 Elsevier Science Inc.