Customer Relationship Management - Case Study [Mercedes Benz]Jas Singh Bhasin
ย
Historically, Mercedes-Benz was sold in the UK through a franchised network of some 138 dealerships.
Each of these was autonomous, with the exception of three dealerships owned by the distributor Daimler Chrysler UK (DCUK).
DaimlerChrysler had relatively little control over relationships between dealers and customers. Dealers managed their own relationships including customer research, data base management, acquisition and retention processes.
This presentation describes the challenges faced by the company initially and how did they overcome those challenges.
One of the Chapters of an MBA Course Series on Services Marketing under Marketing Management that is tought at the B-Schools in India.
This chapter is the Introduction (Part-2) which deals with How to market "Services"
Customer Relationship Management - Case Study [Mercedes Benz]Jas Singh Bhasin
ย
Historically, Mercedes-Benz was sold in the UK through a franchised network of some 138 dealerships.
Each of these was autonomous, with the exception of three dealerships owned by the distributor Daimler Chrysler UK (DCUK).
DaimlerChrysler had relatively little control over relationships between dealers and customers. Dealers managed their own relationships including customer research, data base management, acquisition and retention processes.
This presentation describes the challenges faced by the company initially and how did they overcome those challenges.
One of the Chapters of an MBA Course Series on Services Marketing under Marketing Management that is tought at the B-Schools in India.
This chapter is the Introduction (Part-2) which deals with How to market "Services"
Definitions
Concepts and context of relationship management
Evolution
Transactional Vs relationship approach
CRM as a strategic marketing tool
CRM significance to the stakeholders
The book has been designed to serve as an essential insight
necessary to understand CRM (Customer Relationship Management)
that especially meets the requirements of T5 MBA students of KTU
specializing in marketing. Substantive coverage has been given to
topics like CRM technology, Sales Force Automations, Enterprise
Marketing Automation, implementing CRM, Application Service
Provider, Impact of CRM on Marketing Channels and CRM Tools.
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURYNishant Agrawal
ย
DEFINING MARKETING FOR THE 21st CENTURY
WHAT IS MARKETED?
DEMAND STATES
Core MARKETING CONCEPTS
MARKETING CONCEPTS
Company orientation
Towards marketplace
COMPANY ORIENTATION
Holistic Marketing Concept
Understand four Ps (Marketing Mix)
MARKETING TASKS
What is Key Account Management? Key account management (KAM) defines full relationship between your business and the customers you are selling to. It describes the individual approach of sales people to their customers in order to create long everlasting business relationship.
Definitions
Concepts and context of relationship management
Evolution
Transactional Vs relationship approach
CRM as a strategic marketing tool
CRM significance to the stakeholders
The book has been designed to serve as an essential insight
necessary to understand CRM (Customer Relationship Management)
that especially meets the requirements of T5 MBA students of KTU
specializing in marketing. Substantive coverage has been given to
topics like CRM technology, Sales Force Automations, Enterprise
Marketing Automation, implementing CRM, Application Service
Provider, Impact of CRM on Marketing Channels and CRM Tools.
Chapter 1 DEFINING MARKETING FOR THE 21st CENTURYNishant Agrawal
ย
DEFINING MARKETING FOR THE 21st CENTURY
WHAT IS MARKETED?
DEMAND STATES
Core MARKETING CONCEPTS
MARKETING CONCEPTS
Company orientation
Towards marketplace
COMPANY ORIENTATION
Holistic Marketing Concept
Understand four Ps (Marketing Mix)
MARKETING TASKS
What is Key Account Management? Key account management (KAM) defines full relationship between your business and the customers you are selling to. It describes the individual approach of sales people to their customers in order to create long everlasting business relationship.
Microfinance Market Global Industry Trends and Forecast (2023-2032)PriyanshiSingh187645
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Despite a projected decrease in size from USD 646.25 million in 2023 to USD 228.7 million by 2032, the microfinance market exhibits a positive growth trajectory with a CAGR of 10.41%.
Self-Service in Wealth Management: Remaining CompetitiveCapgemini
ย
Globally, companies are using digital technology to transform the way they run operations. This transformation is being driven by the increased sophistication of new channels such a mobile and social media. Across financial services, banks, brokerages and insurance companies are leveraging these evolving technologies to enable self-service capabilities so customers can resolve issues or get information without interacting with a representative. This paper looks at self-service in wealth management and examines the impact to deliver a forward-looking cross-channel client experience.
DFID and World Bank are setting up a new facility, known as MICFAC, to help increase the access to microfinance services - such as loans, savings, insurance and money transfer services - for the poor of Sub-Saharan Africa.
How can we do this best? Find out more about the facility then have your say in our consultation at:
http://consultation.dfid.gov.uk/microfinance2010
U.S. Retail Banking: Prescriptions for Channel Integration and BeyondCognizant
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To achieve the dual goals of satisfying tech-savvy customers and boosting the bottom line, banks must first lay the foundation for integrated channels and fulfillment processes. Here is how they can embark on this two-laned path.
Investments in Customer Centricity Are Seeing Dividends for Financial Service...1to1 Media
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A look at how Retail Banks and Insurance Companies are evolving their product-focused missions into customer-centric strategies for financial gains. www.1to1media.com
Digital Transformation of U.S. Private BankingCognizant
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U.S. private banks need to rethink their business models and accelerate their push to meet the ever-rising expectations of digitally savvy high-net-worth clients.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Business Valuation Principles for EntrepreneursBen Wann
ย
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
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Discover the innovative and creative projects that highlight my journey throughย Full Sail University. Below, youโll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Putting the SPARK into Virtual Training.pptxCynthia Clay
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This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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โขCHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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2. ๏ฝA
stakeholder is anybody who has a
claim, stake or vested interest in the issue
at hand, or in an organization, or in his or
her relationship with a product, service or
brand.
๏ฝ Customers
are one of most important type
of stakeholders. They hold the key to the
value in the company and in fact, the
company itself
3. ๏ฝ
They are interrelated.
๏ฝ
Both need each other to advance
The interdependence of business and society implies
that both business decisions and social policies must
follow the practices of shared value exchange.
4. Creating meaningful interactions between
various stakeholders enable the identification
of shared objectives, design of solutions that
account for various perspectives, and creation
of representative program strategies required
to scale up important high-impact capacity
development strategies.
6. ๏ฝ CRM
is a process or methodology used to
learn more about customers' needs and
behaviors in order to develop stronger
relationships with them. It helps
businesses use technology and human
resources to gain insight into the behavior
of customers and the value of those
customers.
7. ๏ฝ
Running a successful CRM project requires a high
degree of stakeholder management.
CSR oriented Financial Institutions (FI) will have robust
stakeholder engagement programs to solve complex
sustainability challenges, provide input into business
strategy, and keep abreast of stakeholder concerns.
๏ฝ To have a better stakeholder management especially in
the rural areas which is the bottom of the pyramid, there
is a necessity for corporates to work towards financial
inclusion for the same technology and communication
are the prime moves.
๏ฝ
9. Financial inclusion is characterized primarily as
either general access to loans (mostly
consumption or consumer loans rather than
livelihood loans) or access to savings accounts.
Very few risk management and vulnerability
reducing products are available to small holder
producers.
๏ฝ Access to finance is primarily a bridging resource
for many low income groups.
๏ฝ
11. ๏ฝ
According to Deputy Reserve Bank Governor Ms. Usha
Thorat(2007)[1] on an all India basis, only 59% of adult
population in the country has bank accounts which leave the
41% of the population as unbanked. In rural areas, the
coverage is 39% against 60% in urban areas.โ
๏ฝ
Thus a majority are excluded from the payments system,
which means not having access to a bank account and formal
credit markets, forcing them to approach informal and
exploitative financial markets
[1] Thorat, Usha, โFinancial Inclusion โ the Indian Experienceโ, HMT-DFID
Financial Inclusion Conference, London 19 June 2007
13. ๏ฝ Microfinance
has enhanced their outreach
over the period 2001-2007 in India.
๏ฝ This
growth is visible not just in terms of
the number of active borrowers but also
gross loan portfolio and total assets.
14. ๏ฝ
There is still a paucity of accurate data with regard to
the absolute number of clients and poor women served.
๏ฝ
While institutions have done well in terms of extending
access to financial services to low income women
clients, the focus has largely been in terms of delivery of
credit
15. ๏ฝ
Low income clients everywhere have a range of evolving needs
as they are more vulnerable and face a large number of risks.
They need continued access to the wide range of financial
services to counter the vulnerabilities that they and their families
face in their daily struggle for survival.
๏ฝ
Access to a wide range of risk mitigating financial services at
affordable cost is very critical especially as it enlarges livelihood
opportunities and empowers the poor to take charge of their lives
16. ๏ฝ
The SHG Bank Linkage Programme (SHGBLP) and its
variants These are supported by NABARD and Public Sector
Commercial Banks.
๏ฝ
The SHG Bank Linkage Programme (SHGBLP) and its
variants These are supported by NABARD and Public Sector
Commercial Banks.
๏ฝ
The
Partnership
Model
of
ICICI
and
other
private
commercial banks: Since banks face substantial priority sector
targets and microfinance is beginning to be recognized as a good
business opportunity for institutions, a variety of models have been
tested between banks and MFIs.
17. ๏ฝ In
rural areas customers cannot be expected
to come to branches in view of opportunity
cost and time and hence banks will have to
reach out through a variety of devices such
as weekly banking, mobile banking, satellite
offices, rural ATMs and use of Post offices.
18. ๏ฝ
Financial inclusion offers a huge potential for business
in terms of resources and assets and banks therefore
need to take aggressive steps to use technology,
business processes and personnel to be able to exploit
this potential in innovative and creative ways.
๏ฝ
Use of technology is critical in building up a reliable
credit information system, build up data base on
customers for a variety of purposes, thereby reducing
the transaction cost involved in checking encumbrances
and collaterals and also facilitating better pricing of risk.
19. ๏ฝ Banks
should
focus
on
relatively
unbanked and under served areas rather
than
competing aggressively in already
well served areas. There is a clear need to
vastly increase the numbers served by
existing branches for savings loan and
remittances.
20. ๏ฝ
Financial inclusion should be led by understanding
the needs of the customer rather than achieving
targets. The focus for rural areas should be reach
out rather than the number.
๏ฝ
Delivery of financial products must be preceded
by i improving financial literacy and credit
counseling. The focus should be on customizing
products for transactions, remittances, savings,
loans and insurance.
21. ๏ฝ
Last but not the least, the role of the State
Governments in facilitating financial inclusion is
critical.
๏ฝ
Land settlement rights, computerization of land
records, and providing economic and social
infrastructure
with
pro-active
agricultural
extension machinery will greatly help in using
financial inclusion for sustainable development