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Customer relationship management strategy meaning. Customer relationship management crm has once again gained prominence amongst academics and practitioners. Customer relationship management or crm is a phrase that describes how your business interacts with your customers. The success stories of hm or maybelline or apple all circles back to one main factor customer loyalty.
Customer relationship management crm has been brought to attention in late nineties especially among the academics and practitioners. Owners understand the basics of customer relationship management crm and more specifically how the internet can help you implement crm in your business. The book provides a comprehensive and balanced review of customer relationship management.
Welcome to the second edition of customer relationship management. To maximize customer value corporate profitability and thus shareholders value. Customer relationship management this booklet is designed to help small and medium business.
Download full text pdf read full. Customer relationship management crm is a management approach that seeks to create develop and enhance relationships with carefully targeted customers in order. A strategy to sustain the organizations name and products in the customers minds.
Field concerns and data collection customer data integration cdi enables an organization to accrue knowledge about the customer a necessary antecedent for an effective crm strategy. Crm is also about what you do with that information to better meet the needs of your. The new concept has directed the attention towards various vital aspects including the necessity of direct relationship between customers and marketers the importance of keeping.
Customer relationship management 5 2. Cdi allows for the creation of a consolidated view of the customer from multiple customer data stores. It explains what crm is the bene ts it delivers the contexts in which it is used the technologies that are deployed and how it can be implemented.
However that is only part of the picture. Customer relationship management notes study materials pdf download. The fundamental factor behind any successful company is not just the ceo the business innovation or the technology but its the loyalty of its customer base.
Prince sattam bin abdulaziz university. Customer relationship management which started to spread like wildfire across the globe. Most people think of crm as a system to capture information about your customers.
Pdf Measuring The Effect Of Customer Relationship Management Crm Components On The Non Financial Performance Of Commercial Banks Egypt Case Customer Relationship Management Strategy Meaning
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