Preview

Customer Relationship Management

Better Essays
Open Document
Open Document
3632 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Customer Relationship Management
CRM is both a business strategy and a set of discrete software tools and technologies, with the goal of reducing costs, increasing revenue, identifying new opportunities and channels for expansion, and improving customer value, satisfaction, profitability, and retention. CRM software applications embody best practices and employ advanced technologies to help organizations achieve these goals.( Mc Dougall,2004)
CRM focuses on automating and improving the institutional processes associated with managing customer relationships in the areas of recruitment, marketing, communication management, service, and support. CRM takes a very customer-centric view of the entire customer life cycle, which means that a CRM business strategy places the customer at the centre of the organization’s universe.
The management of relation with customer (CRM) as a key competitive strategy needs paying attention to the customers ' needs and practicing customer- facing method in all industries (Buttle, 2009, P.89). Using communicative technology of information, industries try to create long term relation with customers, so improving management relation customer has been more common(Lambert,2010,P.12).

For example, in Zimbabwe, Econet has its customer services and these help maintain their relationships with its customers. Customer care services (www.econet.ac.zw) at Econet Wireless include:
General Enquiries (111)
This helpline is the main Econet Help line which caters for both prepaid and post-paid related queries. The helpline supports the three main languages used in Zimbabwe, these being Shona, Ndebele and English. Other languages like Tonga, Nambia, Nyanja & Venda are supported but to a limited extent. Our call centre is national in nature and takes cognizance of that fact, hence diversity in the languages to support our various clients.
Interactive Voice Response – IVR
We are on a path to international standards level and to begin with we have invested in the best technology



References: 1) Buttle. Francis, 2009, Customer Relationship Management, concept & Technology, Elsiveir, London 2) Douglas. M. Lambert, 2010, CRM as a business process, Journal of business & industrial marketing 3) Greenberg, Paol, 2010, The impact of CRM on customer insight, Emerald. 4) Kotler, P., and Fox, K. Strategic Marketing for Educational Institutions. Englewood Cliffs, N.J.: Prentice Hall, 1995.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    CRM is an acronym for customer relationship management, and the software products are designed to improving customer satisfaction. Broadly, a CRM provides software that allows a business to track customer relations, trends, and transactions that determine effectiveness of sales campaigns…

    • 2244 Words
    • 9 Pages
    Satisfactory Essays
  • Better Essays

    Client Relationship Management is a system to make solid relationship with the customer and to know more about the customer needs. Stronger relationship with the customers will help in the change of the business. CRM helps in understanding the needs of the customers by get-together the information about the customers and this serves to market and offer the association 's things. CRM makes the use of designing and human resources for the change of the business. By realizing CRM Better customer organization may be given.…

    • 829 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Task1

    • 2724 Words
    • 11 Pages

    2. Challenges of Implementing a CRM (2010) By Matt Koble [online] Available from http://www.ehow.com/list_6631188_challenges-implementing-crm.html [Accessed on 12 Jan 2013]…

    • 2724 Words
    • 11 Pages
    Better Essays
  • Good Essays

    CRM at minitrex

    • 598 Words
    • 3 Pages

    Customer Relationship Management is a strategy to develop strong relationships with the customer and to know more about the customer needs. Stronger relationships with the customers will help in the development of the business. CRM helps in understanding the needs of the customers by gathering the information about the customers, and this helps to market and sell the company’s products. CRM makes the use of technology and human resources for the development of the business. By implementing CRM…

    • 598 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mkt 220 Test One Review

    • 2104 Words
    • 9 Pages

    Customer Relationship Marketing (CRM) – using information about customers to create marketing strategies that develop and sustain desirable customer relationships.…

    • 2104 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    Natalie dalbo, the customers relations manager in Allianz insurance company has been interviwed by the members of our group in regards to the implementation of CRM.she started her career with this company in march 2007 and worked at various levels, from head office to the front end of the business and in most cases wil…

    • 542 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Military

    • 611 Words
    • 3 Pages

    CRM systems provide information to coordinate all the business processes that deal with customers in sales, marketing, and service to optimize revenue, customer satisfaction, and customer retention. This information helps firms identify, attract, and retain the most profitable customers; provide better service to existing customers; and increase sales.…

    • 611 Words
    • 3 Pages
    Good Essays
  • Good Essays

    IFSM Outline

    • 1095 Words
    • 5 Pages

    CRM is a strategy that can help employees of a company analyze customer’s information to serve them better. By creating a good business plan, it gives the customer and organization the two strength that can benefit both sides.…

    • 1095 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Supply Management

    • 481 Words
    • 2 Pages

    Customer relationship management is also known as CRM which is widely used in companies to reduce costs and increase profitability by increasing customer satisfaction. The overall goals are to find, attract, and win new clients, retain those the company already has and reduce the costs of marketing and client service.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Bull, C., (2003) ‘Strategic issues in customer relationship management (CRM) implementation’, Business Process Management Journal’, 9, 5, 592-602…

    • 2856 Words
    • 12 Pages
    Best Essays
  • Best Essays

    Short Paper of Crm Sample

    • 2086 Words
    • 9 Pages

    CRM is the customer strategy that manufacturers adopting, CRM software gives manufacturers the extra edge in identify and target potential customer. It allows absolute marketing effectiveness.…

    • 2086 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    using loyalty cards and users of those cards don’t much of time shop at different retailers.…

    • 4066 Words
    • 17 Pages
    Powerful Essays
  • Best Essays

    CRM, or Customer Relationship Management, is a way for businesses to find potential customers. While the first time term of CRM were used in the 1980s, it wasn 't until the 2000s that it really began to shine. CRM software helps businesses identify and categorize existing customers. This allows them to see the specific demographics their products appeal to, in turn allowing them to market their products more effectively.…

    • 1547 Words
    • 7 Pages
    Best Essays
  • Powerful Essays

    New Trends in Marketing: CRM

    • 3914 Words
    • 16 Pages

    CRM is as a process that will help bring together lots of pieces of information about customers, sales, marketing effectiveness, responsiveness and market trends.…

    • 3914 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Related Literature on Crm

    • 553 Words
    • 3 Pages

    According to Gartner Inc., the provider of research and analysis on the global information technology industry, the estimated size of the CRM software market in Europe, the Middle East, and Africa was approximately $2.3 billion in total software revenue in 2006. The forecast indicated that the market will have an annual growth rate of 11.3%, which will result in revenue of approximately $3.9 billion by 2011. Companies based all over the world are developing their own approaches to the CRM business strategy in order to increase their efficiency and effectiveness in operations. With the wide spread of CRM, problems and issues examined in this study are apparently not unique to the U.S.…

    • 553 Words
    • 3 Pages
    Good Essays