Preview

Proposals To Improve Competitive Capacity Through

Powerful Essays
Open Document
Open Document
2641 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Proposals To Improve Competitive Capacity Through
Proposals to improve competitive capacity through Customer Relationship Management implementation at Vietnam Airlines

Introduction
Since Vietnam joined the WTO, it has created conditions for the economy to grow at a high speed and brings many advantages as well as challenges for enterprises. The competition is intense in all markets, with features and new aspects. Transport services sector, especially air transport is not out of the general trend to Vietnam to implement its commitments under the roadmap. In this context, improving the competitive capacity of the airlines especially Vietnam Airlines is the important issue that the company must focus on to be able to compete with other rivals in the market not only in Vietnam but also in the world. In fact, the airlines which are exploiting flight to Vietnam today are the major airlines such as Singapore Airlines names, Cathay Pacific, Air France, Lufthansa, and even other Asian airlines like Thai Airways, China Airlines. Those companies are applying for the program customer relationship management as an effective tool supporting for sale, promotion and marketing policy. They not only dominate their familiar markets, usually the local market, but also gradually occupied the tourists at the Vietnam market - one of the key markets of Vietnam Airlines currently as well as in the future. In order to operate efficiently, save costs and easily manage information about customers, particularly in the context of integration, the Customer Relationship Management (CRM) application is necessary. This is a factor to help firms improve their competitive capacity. The deceleration in the application of CRM in business activities can make Vietnam enterprises have difficulty in the process of integration with the global economy, particularly for enterprises participate in service business like Vietnam Airlines. On that background, research object of this project is proposals to improve competitive capacity



References: Becker, J. U., Greve, G., Albers, S. (2009). The impact of technological and organizational implementation of CRM on customer acquisition, maintenance, and retention: Intern. J. of Research in Marketing, Vol. 26, pp.207–215. Garrido-Moreno, A., Padilla-Meléndez, A. (2011). Analyzing the impact of knowledge management on CRM success: The mediating effects of organizational factors: International Journal of Information Management,Vol. 31 , pp. 437– 444 Hung, S. Y., Hung, W. H., Tsai, C. A., Jiang, S. C. (2010). Critical factors of hospital adoption on CRM system: organizational and information system perspectives: Journal of Decision support Systems, Vol. 48, pp. 592- 603. Tohidi, H. (2011). The Role of Risk Management in IT systems of organizations: Procedia-Computer Science Journal, Vol.3, pp. 887-881. Tohidi, H., Jabbari, M. M. (2012). CRM in Organizational Structure Design, Procedia Technology: Procedia-Computer Science Journal, Vol. 1, pp. 579 – 582 Izquierdo , C. C., Cilla 'n, J . G ., Gutie´rrez, S. S. (2005). The Impact of Customer Relationship Marketing on the Firm Performance: a Spanish case: Journal of Services Marketing,Vol.19, No. 4, pp.234-244. Kamalian, A., Ya 'ghoubi, N., & Baharvand, F. (2013). Providing a model for successful implementation of customer relationship management (case study: Zahedan industrial city). International Journal of Academic Research in Business and Social Sciences, 3(5), 167-178. Retrieved from http://search.proquest.com/docview/1437525031?accountid=63189

You May Also Find These Documents Helpful

  • Powerful Essays

    Myer Swot Analysis

    • 3694 Words
    • 15 Pages

    References: 3. Lamb, CW., Hair, J.F., and McDaniel, C.(2005), “Chapter 20: Customer Relationship Management (CRW)”, Marketing (8 th ed), Thomson south-Western, Mason OH, pp.658-687…

    • 3694 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    Task1

    • 2724 Words
    • 11 Pages

    References: 1. Why Customer Relationship Management is so important? (2008) By Article Alley [online] Available from http://praveenortec.articlealley.com/why-customer-relationship-management-is-so-important-576369.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
  • Satisfactory Essays

    Customer relationship management or CRM is not just the application of technology, but is a strategy to learn more about customers' needs and behaviours in order to develop stronger relationships with them. It enables businesses to:…

    • 542 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    In any business venture, customers form the most important part of business success. Consequently, organizations’ relationship with the customers is crucial for the growth and sustainability of the business. Therefore in this paper to be discuss why it is important for any organization to implement customer relations management (CRM) to generate relations within their own business and with their customers.…

    • 1186 Words
    • 4 Pages
    Better Essays
  • Best Essays

    References: Chang, H. (2007). Critical factors and benefits in the implementation of customer relationship management. Total Quality Management, 18 (5). p. 483-508.…

    • 2238 Words
    • 9 Pages
    Best Essays
  • Better Essays

    Jackson, TW. 2005, ‘CRM: From ‘art to science’’, Database Marketing & Customer strategy Management, vol. 13, no. 1, viewed 10 August 2008…

    • 1179 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    pampers

    • 2116 Words
    • 7 Pages

    Taylor, S. (2007). The Importance of CRM Customer Relationship Management. Retrieved 26 February 2004, from http://ezinearticles.com/?The-Importance-of-CRM-Customer-Relationship-Management&id=425303…

    • 2116 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Retail Buying

    • 3282 Words
    • 14 Pages

    References: Al-Khouri, A.M. 2012. Customer Relationship Management: Proposed Framework from a Government Perspective. Journal of Management and Strategy, 3 (4), pp. 34-54.…

    • 3282 Words
    • 14 Pages
    Best Essays
  • Best Essays

    Roles of Customer Relationship Management (CRM) in Airline Industry: Its Concepts and Implications 1. Introduction In today’s global marketplace, airlines are countered with unstable and highly competitive business environment. Most airline companies perceive that it is increasingly important to react quickly and effectively to changing demand patterns of the customers. The challenge is maintaining profits in the face of forceful competition. The opportunities are in managing customer relationships to earn customer profitability that can contribute to the firm profits. If airlines do not know the information like who are the customers? What are the customers’ expectations and needs placed on the airlines’ services? Then, how can airlines guarantee that they are serving their best services to the customers. Therefore, many airlines are turning their focus on utilizing customer relationship management (CRM) as a vehicle for building and maintaining good relationships with its customers. The deeper the relationships the airlines build with the customers, the more opportunities the company can boost the overall profit margins. 2. Global Picture of Airline Industry Air transportation industry remains competitive globally. The average growth rate of world air travel is approximately 5% per year over the past decades, with substantial annual variations due to instability of global economic conditions and differences in economic development in different parts of the world (Chitnis, 2006; Deloitte Touche Tohmatsu, 2009). Historically, the annual growth in airline industry has been about twice the annual growth of global GDP. However, the dramatic downward trend of airline industry’s record was between 2001 and 2005. This downturn is basically influenced by the combined effects of the global economic shrinking that began in early 2001 and the incidents of terrorist attacks of 11 September 2001 in America. This contributed to the decreasing customer demand for air travel…

    • 2383 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Research Paper on CRM

    • 2412 Words
    • 10 Pages

    The purpose of this report is to provide an understanding about Customer Relationship Management (CRM) and the reason why it is considered as an evolutionary breakthrough in today’s business world. To add further, this covers the importance of customer relationship management with respect to customer service and loyalty which results in profitability to a company in the long run. It also explains the development of the company’s vision to increase profits with the help of technology, people and processes. There had been many management concepts which had become famous in the business world however all of them were short lived. None of them could meet the requirements of the changing business world.…

    • 2412 Words
    • 10 Pages
    Good Essays
  • Powerful Essays

    This report explores CRM’ s implication on information, business strategy, as well as an issue which will influence successful implementation of CRM . Furthermore, this report analyzes factors which will barrier or promote information flow within organization. Through facilitating information flow across organization, CRM systems can assist organizations to have better understanding of customers, therefore to increase customer satisfaction, boost customer loyalty and maximize customer lifetime value through delivering tailored products and personalized services. Additionally, organizations can use customer knowledge to support business strategy’s implementation. However, in order to effectively manage the generation, dissemination and sharing of customer knowledge, which is very crucial in retaining competitive advantage of organization, organizations cannot solely depend on the technology components of CRM and should integrate CRM with knowledge management tools. Moreover, successful implementation of CRM systems requires change of organizational culture. example, in 2001, the failure rate of CRM projects was estimated to between 55 and 75 percent. (Kotorov, 2003). One of the major reasons which caused this failure was lack of understanding of what CRM initiatives entail (Goldenberg, 2000 cited in cited in Chen & Popovich 2003). These failing organizations believed that CRM was only a technological solution. However, like other information technology, the implementation of CRM will have many impacts on organizations and require many changes within organizations. In order to enable CRM’s successful implementation and achieve business objective, Organizations need to adopt the changes. Therefore, the aim of this report is to facilitate the comprehension of the CRM through using MIT…

    • 3011 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    In this modern world of science and technologies nowadays, companies in Malaysia may no longer be able to survive without prioritising customers. Regardless of the companies’ type, they are by no means should put customer as their king. The secret of winning customer heart is by managing relationship with them. Evans and Lindsay (2008) have introduced several aspect of customer relationship management for companies to follow. Among which are: being accessible and show commitment, develop customer contact employees, set customer contact requirements, enhance partnership and alliances and exploiting customer relationship technology.…

    • 1547 Words
    • 7 Pages
    Best Essays
  • Best Essays

    knowledge management

    • 3954 Words
    • 18 Pages

    analysis tool with data visualization for managers which significantly improves the process of customer segmentation. Presented research is supported by implementation of proposed approach by which experiments…

    • 3954 Words
    • 18 Pages
    Best Essays