Preview

A Study on Customer Relationship Management Practices in Selected Multi Brand Retail Stores in Salem District.

Best Essays
Open Document
Open Document
2708 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Study on Customer Relationship Management Practices in Selected Multi Brand Retail Stores in Salem District.
TOPIC:

A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT PRACTICES IN SELECTED MULTI BRAND RETAIL STORES IN SALEM DISTRICT.

NAME:

J.GOPI, M.B.A, (Ph.D),

DESIGNATION:

ASSISTANT PROFESSOR & PLACEMENT OFFICER, DEPARTMENT OF BUSINESS ADMINISTRATION / TRAINING & PLACEMENT CELL.

INSTITUTION:

AVS COLLEGE OF ARTS & SCIENCE, RAMALINGAPURAM, ATTUR MAIN ROAD, SALEM - 636106.

E-MAIL ID:

gopimba.lecturer@gmail.com

MOBILE NUMBER:

+91 99947 96631.

A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT PRACTICES IN SELECTED MULTI BRAND RETAIL STORES IN SALEM DISTRICT.

* Dr. A. JELINCE DHINAKAR * J.GOPI M.B.A, (Ph.D),

ABSTRACT:

Retailing is the largest private industry in the world. It is also India 's largest industry accounting for over 10% of the country 's GDP and around 8% of the employment.
Customer relationship management is an emerging tool that enables marketers to maintain their presence in the dynamic marketing environment. In the city like Salem these organized retail store and firms are concentrating and targeting the consumer from the different segments like rural, urban, low, middle and high income segments etc. The research paper attempts to evaluate the CRM practices of the retail stores in Salem city. CRM is highly exercised in the industry like hospitality, services industry etc. but it is having equal importance in the retail industry also. The results of this research paper shows that the customers don 't take a single second when it comes to change the preference and break the loyalty for an organization, in such a situation it the CRM of the organization which will compel the customers to visit the retail outlet again and again.

Key Words: Retail Stores, Customer Relationship Management, Customer Loyalty.



Bibliography: Anand Tamana (2008), "Organized Retailing in India Need of the Hour", Marketing Mastermind, February. p.p. 28-30. Banerjee Arindam (2002), "Roadmap for Successful CRM Implementation", Indian Management, July. p.p. 48-52. Pahuja Anurag & Verma Rajesh (2008), "Customer Relationship Management Need of the Hour", Marketing Mastermind, January. p.p. 26-29. Puneeet Shweta (2008), "Technology The Heart of Organized Retail", Marketing Mastermind, May. p.p. 45-48. Sunder K Shyama & Dr. Ramji (2000), "Coming Closer to the Customer", Indian Management, December. p.p. 49-51.

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
  • 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
  • Good Essays

    Through customer relationship management programs, retailers can know their customers’ preferences, behavior and preferred products. For example, major department stores such as Neiman marcus, Nordstrom and Saks Fifth Avenue encourage their customer to sign up a free account for newsletter. The retails will save the customer’s preference and shopping habits with website searches. They will offer products and secret sales based on customers’ shopping and searching behavior. In addition, retails can send newsletters to the customer’s email with promotional items. The retails can offer promotions to a selection of customers, such as new customers. Customer relationship management is an effective way of marking, promoting business and consumer loyalty. It establishes a cooperative and collaborative relationships between buyers and…

    • 903 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In the 1960’s American firms relied on marketing because it became the motivating force and the ‘marketing concept era’ dawned, which is the idea that an organization should strive to satisfy the needs of consumers, while also trying to achieve organization’s goals. Many firms such as General Electric have achieved great success by putting extraordinary efforts on consistently collecting information about customer’s needs, sharing this information freely, and using it to build and create customer value. This is the result of the ‘customer relationship era, in which firms seek continuously to satisfy the high expectations of customers which led to customer relationship management (CRM), the process of identifying prospective buyers, listening to the inner thoughts, and developing favorable long-term perceptions of the organization and its offerings, hoping the buyers will choose them in the marketplace.…

    • 1707 Words
    • 7 Pages
    Better Essays
  • Best Essays

    Retail Buying

    • 3282 Words
    • 14 Pages

    In recent years, business competition has been more serious and information exchange has become more significant. Modern management concepts play an important role for retail buying. The aim of this report is to introduce performance of Category Management (CM), Efficient Consumer Response (ECR) and Consumer Relationship Management (CRM) strategy. It is divided into two major sections. To begin with, section one will critically assess the strategic importance of these concepts for both large retailing…

    • 3282 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Kotorov, R. (2003). Customer relationship management: strategic lessons and future directions. Business Process Management Journal , 9 (5), 566- 571.…

    • 1675 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Indeed, it is no longer easy to survive or stand out in today 's business world. Businesses are facing management challenges from both external and internal market forces, increasing competitive intensity and changing customer needs. Managers need to find their way to breakthrough and maintain attractive to a target market. Customer relationship management (CRM), a long-existing management strategy, may be a breakthrough for businesses situating at bottle neck. Contemporary businesses have changed their formal vision and mission statements to include the element of customer relationship. It seems that dealing customer relationships and keeping customers, account for the greatest concern for businesses nowadays, also for the foreseeable future. (Thompson, 2000) In this essay, I will address the challenges faced by companies, followed by introducing customer relationship management, as a solution. The essay will then concluded by stating the prospective of customer relationship management development.…

    • 846 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Customer relationship management (CRM) emerged in the 1990’s, promising to revolutionize the business and customer dynamic. At present, CRM has yet to live up to its promise of individualized customer relationships with carefully targeted customers. In property and casualty insurance, customer and insurer relationships are important. It is more cost effective to retain current customers than to acquire new ones. This thesis explores the history of CRM and how its proper implementation can help identify areas of customer satisfaction and retention in the property and casualty insurance industry. Data were collected from a regional property and casualty insurer and analyzed to determine customer satisfaction standards. A factor analysis and several multiple…

    • 10592 Words
    • 43 Pages
    Powerful Essays
  • Powerful Essays

    Bibliography: Levy, Michael; and A. Weitz, Barton. Retailing Management. New Delhi: Tata McGraw Hill Publishing Company Limited, 2002. 754 pp.…

    • 3173 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Terms

    • 3208 Words
    • 11 Pages

    The Customer Relationship Era: From the late 1900's and early 200's and continuing today, companies have sought to extend it's marketing concepts into the practice of customer relationship management. Customer relationship management is focused on the continuous learning and information gathering about customers and in doing so being able to not only meet a consumers expectations or needs but to go above and beyond in producing ongoing consumer…

    • 3208 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    .nhvhj

    • 5118 Words
    • 35 Pages

    evolving role of customer data", Marketing Intelligence & Planning, Vol. 31 Iss 6 pp. 584-600 http://…

    • 5118 Words
    • 35 Pages
    Better Essays
  • Powerful Essays

    The objective is to study the importance of CRM system on mall management and to know why business people are shifting to CRM applications. Also in this business world the customer is the superior to all. So to study on how to attract new customers and to sustain the existing customers to our business.…

    • 2342 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Customer Relationship Management in Small and Medium Sized Enterprises in Iloilo City and Its Effect on Customer Satisfaction…

    • 451 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mba 3rd Sem

    • 668 Words
    • 3 Pages

    4. Retail Customer Relationship Management: Introduction, Customer service, order management, Multi-channel retailing, Retail return & Reverse Logistics, Retail Loyalty Programmes…

    • 668 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    A project Report submitted for the partial fulfillment of the requirements for the award of…

    • 15601 Words
    • 68 Pages
    Powerful Essays

Related Topics