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Customer Relationship Management A Databased Approach V. Kumar Werner J. Reinartz Instructor’s Presentation Slides
Chapter Three Strategic CRM
Topics Discussed ,[object Object],[object Object],[object Object],[object Object]
CRM Perspectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Strategic CRM
Strategic CRM ,[object Object],[object Object],[object Object],CRM
Components  of CRM Strategy 4) CRM  Strategy  Implementation 2) Integration and  alignment of  organizational processes  1) Customer-Management Orientation 3) Information capture  and alignment of  technology
Customer Management Orientation ,[object Object],[object Object],[object Object],[object Object]
Case Study: CRM Business Model  - Capital One ,[object Object],[object Object],[object Object],[object Object]
CRM Business Model    - Capital One ( contd.) ,[object Object],[object Object],[object Object]
Integration and Alignment of  Organizational Processes ,[object Object],[object Object],[object Object]
Integration and Alignment of  Organizational Processes (contd.) ,[object Object],[object Object],[object Object],[object Object]
Inter-functional Alignment Example: Capital One ,[object Object],[object Object],[object Object],[object Object]
Information Capture and Alignment of Technology ,[object Object],[object Object],[object Object],[object Object],[object Object],INFO
CRM Implementation Matrix Analytical CRM Operational CRM Management Dimension   Decline and exit stage   Growth and retention stage   Acquisition stage   Customer dimension  Each cell in the matrix corresponds to a specific implementation activity or process Customer dimension: captures influence of changing phase of a customer-firm relationship  Management dimension: constitutes analytical and operational aspects of CRM
Characteristics of Marketing-Driven  CRM Implementation ,[object Object],[object Object],[object Object],[object Object],[object Object],marketing CRM
CRM at Work: Capital One  Testing New Products ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],new products
CRM at Work: Capital One  Testing New Products (contd.) ,[object Object],[object Object],[object Object],[object Object]
Steps in Developing a CRM Strategy   Gain enterprise-wide commitment Build a CRM project team Analysis of business requirements Define the CRM strategy
Step One: Gain Enterprise-wide Commitment ,[object Object],[object Object],[object Object],[object Object]
Step Two:  Build A CRM Project Team ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Step Three-Analysis of Business Requirements ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Step Three (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Step Four: Define the CRM Strategy   a .  Value Proposition  b. Business case A Defined CRM Strategy   ----- ---------->  c. Customer strategy   d. Enterprise transformation plan   e. Other stakeholders
The Value Proposition ,[object Object],[object Object],[object Object],[object Object],[object Object]
Business Case ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Business
Customer Strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Enterprise Transformation Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Key Stakeholders of Strategic CRM  Customers  Employees  Partners  Owners  Suppliers  Preferred Value Propositions Management  Practice of Strategic CRM
Other Stakeholders ,[object Object],[object Object],[object Object],[object Object]
Strategic CRM Framework Environment Customers Employees Management Products Competitors Partners Suppliers Practice of Strategic CRM
Suppliers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Suppliers (contd.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Owners/investors ,[object Object],[object Object],[object Object],[object Object],[object Object]
Employees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CRM Implementation at IBM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Implementation Stages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Implementation Stages (contd.) ,[object Object],The modules of Siebel CRM software that IBM has implemented and is planning  to implement are Sales, Call Center, Marketing, Field Service, Service,  e-Channel, e-Marketing, e-Service, and General e-Business
IBM Case Summary ,[object Object],[object Object],[object Object]
IBM Case Summary (contd.) ,[object Object],[object Object],[object Object]
Key Lessons From IBM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],IBM
Summary ,[object Object],[object Object],[object Object]

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Chapter 3: Strategic CRM

  • 1. Customer Relationship Management A Databased Approach V. Kumar Werner J. Reinartz Instructor’s Presentation Slides
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  • 7. Components of CRM Strategy 4) CRM Strategy Implementation 2) Integration and alignment of organizational processes 1) Customer-Management Orientation 3) Information capture and alignment of technology
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  • 15. CRM Implementation Matrix Analytical CRM Operational CRM Management Dimension Decline and exit stage Growth and retention stage Acquisition stage Customer dimension Each cell in the matrix corresponds to a specific implementation activity or process Customer dimension: captures influence of changing phase of a customer-firm relationship Management dimension: constitutes analytical and operational aspects of CRM
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  • 19. Steps in Developing a CRM Strategy Gain enterprise-wide commitment Build a CRM project team Analysis of business requirements Define the CRM strategy
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  • 24. Step Four: Define the CRM Strategy a . Value Proposition b. Business case A Defined CRM Strategy ----- ----------> c. Customer strategy d. Enterprise transformation plan e. Other stakeholders
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  • 29. Key Stakeholders of Strategic CRM Customers Employees Partners Owners Suppliers Preferred Value Propositions Management Practice of Strategic CRM
  • 30.
  • 31. Strategic CRM Framework Environment Customers Employees Management Products Competitors Partners Suppliers Practice of Strategic CRM
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