Customer Relationship Management
Customer Relationship Management
1 Goals of CRM.
2 Phases of CRM.
3 Components of CRM.
4 Approaches to CRM.
5
4 Benefits of CRM.
6
4 CRM success factors.
1
Definition
2
Goals of CRM
revenue growth
Create loyalty
Goals
of Repeat sales
Excellent service
3
Phases of CRM
Acquisition
Acquisition Retention
Retention Extention
Extention
• Customerreturns
••Techniques
Techniquesused
usedto form •Customer
toform returnsand
andbuys
buysfor
for•Introduce different product
second •Introduce different product
relationship
relationshipwith
withnew
new secondtime.
time. and
customers. ••Increase the number of andservices
servicesfor
forloyal
loyal
customers. Increase the number of costumers.
••For achieving this step customers that purshase costumers.
For achieving this step customers that purshase ••Retain
software tools and regularly.
databases Retainthem
themasascutomers
cutomersfor
for
software tools and databasesregularly. the
are used. theextended
extendedproducts.
products.
are used.
4
components of CRM
Contact and
account
management
Customer
5
Components of CRM
6
Components of CRM
7
Approaches to CRM
Operational
Analytical Collaborative
8
Approaches to CRM
9
Benefits of CRM
Custo Servic
Visio mer e Profit
n
•Improve
•Expand the •Improve
customer
market & service by a •Long term
satisfaction by
attract new single point of profitability.
knowing
partners. communication
customer
•Develop with customer.
demands.
additional •Customize
•Reporting. •Sustainable
revenue. •Email income.
knowledge
marketing.
base.
10
CRM success factors
Employees databases
11
CRM success factors
•Employees
•Build strong
have to •Report out
internal •Good service
understand only the data
partnership is the bridge
what you use, and
around the for a strong
information is use a data that
CRM strategy. CRM.
to be capture you report.
and why?
12
References
o http://www.scribd.com/doc/7008217/Customer-Relationship-
Management
o http://www.scribd.com/doc/28664396/Customer-Loyalty
o http://www.destinationcrm.com/Articles/CRM-News/Daily-
News/What-Is-CRM-46033.aspx
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