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Customer Relationship Management - Software, Technology, Or Philosophy
Most customers couldn't give a rat's behind about what goes on behind the scenes to provide them with a superior customer experience. But if you are in a position to develop and nurture relationships with customers, and compile and use information about them, their buying habits, and preferences, then Customer Relationship Management (CRM) is something worth looking at.
Because CRM is usually considered a technology, as in sofware platforms, it seems a bit daunting, particularly when one looks at the dizzying array of software around. What does it do? Which is best?
In this section we'll try to help you understand the basics of CRM, the software, the philosophy and intent, and even perhaps help you with buying decision.
CRM (Customer Relationship Management) Advice and Info
Client Relationship Planning In The Banking Industry - by n/aThis article maintains that the banking industry's client relationships have recently undergone a major shift in terms of client relationship management. Read how the new multi-faced requirements of clients present a challenge and how exactly these challenges can be met to give the customer good customer service. (Added: 14-Nov-2004 Hits: 535 )
Who's the Boss? - by Frederick Newell
In Why CRM Doesn't Work: How to Win by Letting Customers Manage the Relationship, author Frederick Newell reminds us who should really be in charge. (Added: 27-May-2005 Hits: 669 )
People Make CRM Succeed - by Roger K. Allen
companies that focus only on the technical side of customer relationship management will either fail or achieve only partial success. If an organization is to truly become customer centric it is essential to put at least as much effort into managing the human and organizational sides of change. All of us will do well to remember the lesson from General Schwarzkopf Jr.: It is ultimately human beings and not technology that make organizations succeed. (Added: 30-Nov-2009 Hits: 565 )
CRM Technology - by Meredith Gossland
CRM was supposed to bring companies closer to their clients. The basic idea was to; find out what a client wants and needs, give it to them, and get them to be your client for life. ""But as with all good technology, it hasn't actually brought the sales teams, marketing departments, or customer service departments any closer to the customer at all! (Added: 21-Mar-2006 Hits: 656 )
Has technology improved the customer experience in most companies? - by Robert Bacal
Many companies believe that technology is a solution to help them provide better customer service. It should be. But is it? (Added: 23-Oct-2006 Hits: 554 )
Customer Relationship Management For A Higher Level Of Customer Service - by Susan Jan
For businesses large and small, profitability and success depends upon customer retention, customer relationship enhancements and customer acquisition.This is often known as Customer Relationship Management or CRM. CRM is the managing of all business and interactions with customers.""The main purpose of Customer Relationship Management is to allow businesses to better manage their customers through the introduction of reliable systems, processes and procedures for interacting with those customers. (Added: 11-Jul-2010 Hits: 379 )
Client Relationship Management in Investment Banking - by Louise Lee
Read this CRM point of view in the investment banking industry. CRM benefits are discussed. The author's take on the resulting culutral changes are talked about as well. And the virtues of buying or developing CRM are listed for your benefit. (Added: 6-Nov-2004 Hits: 706 )
The Future of CRM - by Steven Pinchuk
CRM can no longer function as just a database of customer names and contact information. CRM must assume a new much more central role in profit optimization across the entire enterprise. This article describes what a new CRM should do, some of the steps that need to be taken and how this new CRM should be utilized.""One solution is a patent pending approach to predict future lifetime behavioral patterms for customers and vendors. Once lifetime behavior patterns can be predicted this can be used to coordinate marketing, pricing, distribution, etc. Then pricing and availability can be determined based on future strategic or lifetime value of that customer and not on their segment or past value. This will allow true one to one marketing for anyone who we have enough data to not have to treat as part of a segment. (Added: 21-Dec-2010 Hits: 293 )
CRM: The Past and the Future - by Barton Goldenberg
Born of contact management applications 25 years ago, enterprise software systems have come a long way. (Added: 18-Jan-2006 Hits: 843 )
What Is Collaborative Filtering? (CRM Help) - by Robert Bacal
The field of customer relationship management if filled with jargon. Here's a brief explanation of the meaning of collaborative filtering. (Added: 28-Oct-2006 Hits: 527 )
5 Myths about On Demand CRM Solutions | Customer Service in the Cloud - by John M Perez
Five myths related to using CRM solutions "in the cloud". (Added: 18-Nov-2011 Hits: 69 )
A Step by Step Guide to Successful CRM - by John Frazer-Robinson
Think of the Customer-driven business model as a loyalty machine. Get your business running this way, get your act right, and Customer loyalty is the natural end result. When you look at the machine, you%u2019ll find it has principal areas. The top area is about the acquisition of new business. The left hand side is about looking after Customers and fulfilling all their needs. The central core %u2013 I think of it as the engine of the Customer loyalty machine %u2013 is Customer Superformance. And then to the right, issues to with complaint handling and resolution." "Effectively, now you have a step-by-step guide to the process of CRM. A guide to the building and managing of real Customer loyalty: a to becoming a Customer-driven busines (Added: 20-Mar-2011 Hits: 154 )
What Is Data Mining? (CRM Help) - by Robert Bacal
Data mining is really a fancy term for a process to help you understand and stay in touch with your customers, so you can provide individualized service, and customer service options. Here's a simple explanation, including the relationship of data mining to CRM. (Added: 28-Oct-2006 Hits: 693 )
How does BPM make effective customer relationship management? - by Ed Reiter
CRM is the front-line contact with the customer. BPM is the main tool used by the Customer Service or CRM to guarantee the customer experiences is a positive one every time they have a transaction with the organization. Without the correct processes in place, even the best Customer Service Team cannot provide a consistent experience to the organization customers. BPM is taking a new role in CRM. A well defined BPM strategy can bring transparency to the CRM or Customer Service effort. (Added: 15-Mar-2011 Hits: 140 )
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