The document outlines the conceptual foundation of Customer Relationship Management (CRM), including its significance, evolution, and strategies for building customer relationships. It details the five stages of the customer loyalty ladder, from prospect to partner, and categorizes customers into segments based on their loyalty and profitability. Additionally, it discusses key metrics for evaluating customer acquisition, engagement, and retention, emphasizing the importance of customer loyalty in business success.
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The document outlines the conceptual foundation of Customer Relationship Management (CRM), including its significance, evolution, and strategies for building customer relationships. It details the five stages of the customer loyalty ladder, from prospect to partner, and categorizes customers into segments based on their loyalty and profitability. Additionally, it discusses key metrics for evaluating customer acquisition, engagement, and retention, emphasizing the importance of customer loyalty in business success.