Both practitioners and academics understand that consumer loyalty and satis
faction are linked inextricably. They also understand that this relation is
asymmetric. Although loyal consumers are most typically satisfied, satisfa
ction does not universally translate into loyalty. To explain the satisfact
ion-loyalty conundrum, the author investigates what aspect of the consumer
satisfaction response has implications for loyalty and what portion of the
loyalty response is due to this satisfaction component. The analysis conclu
des that satisfaction is a necessary step in loyalty formation but becomes
less significant as loyalty begins to set through other mechanisms. These m
echanisms, omitted from consideration in current models, include the roles
of personal determinism ("fortitude") and social bonding at the institution
al and personal level. When these additional factors are brought into accou
nt, ultimate loyalty emerges as a combination of perceived product superior
ity, personal fortitude, social bonding, and their synergistic effects. As
each fails to be attained or is unattainable by individual firms that serve
consumer markets, the potential for loyalty erodes. A disquieting conclusi
on from this analysis is that loyalty cannot be achieved or pursued as a re
asonable goal by many providers because of the nature of the product catego
ry or consumer disinterest. For some firms, satisfaction is the only feasib
le float for which they should strive; thus, satisfaction remains a worthy
pursuit among the consumer marketing community. The disparity between the p
ursuit of satisfaction versus loyalty, as well as the fundamental content o
f the loyalty response, poses several investigative directions for the next
wave of postconsumption research.