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Customer Relationship
Management
CRM
2
Customer Relationship
Management (CRM)
Traditional Marketing CRM
Goal: Expand customer base,
increase market share by
mass marketing
Goal: Establish a profitable,
long-term, one-to-one
relationship with customers;
understanding their needs,
preferences, expectations
Product oriented view Customer oriented view
Mass marketing / mass
production
Mass customization, one-to-one
marketing
Standardization of customer
needs
Customer-supplier relationship
Transactional relationship Relational approach
What is CRM?
 An integrated approach to identifying, acquiring and
maintaining customers.
 Allows companies to coordinate their approach across
channels, departments and also geographically.
CRM
History of CRM
 1980s: Database marketing emerges.
 1980s: Database helped larger organizations rather then
small who only got survey type info.
 1990s: CRM appears as a two-way communication device.
 1990s: CRM leads to programs such as frequent flyer miles
and bonus points on credit cards.
 2000s: Internet has helped expand from stagnant database
and allows off-site information storage.
 2000s: Used most frequently in financial services, high tech
corporations and the telecommunications industry.
What it does...
 Builds a database that describes the customers and the
relationship they hold with the company.
 Provides enough detail so that the company can offer the
client the product/service that matches their need the best.
 May contain information about their past purchases, who is
involved with the account and a summary of all
conversations.
What to look for in CRM
software...
 Make sure the primary goal (ie: customer service) is standard
in the software. Customization is very expensive.
 Make sure the program doesn't offer more then you need.
 Compare with other companies of equivalently the same size
who have purchased the same CRM software and examine
their results.
Benefits of CRM
 Research has shown that companies that create satisfied, loyal
customers have more repeat business, lower customer-
acquisition costs and stronger brand value.
 Which equals better financial performance.
Satisfied customers pay off…
siebel.com
CRM may...
 Help marketing departments identify and target their best
customers, manage campaigns as well as discover qualified
leads.
 Improve sales and streamline existing processes.
 Form individualized relationships with customers.
 Give employees information needed to improve customer
service and also to better understand customer needs.
CRM leads to...
 Identifying prospects and helps them become customers.
 Closing sales more effectively and efficiently.
 Allowing customers to perform business transactions quickly
and easily.
 Providing better service and support following a sale.
It even ties into BI…
(Business Intelligence)
CRM is closely related to business intelligence
because both methods involve using
technology to gather, analyze and organize
data in order to develop relevant information.
CRM is just a more specific form of BI that
concentrates strictly on customer’s behaviors
and actions, for both past and future
information.
The Players
The Top 11 CRM Manufactures Are:
Company Product name
1. Microsoft Microsoft Dynamics CRM 3.0
2. Sage Software SalesLogix CRM
3. SAP America Inc. SAP Business One CRM
4. Parature Inc. Parature
5. Entellium Entellium CRM
6. Pivotal corp. Pivotal CRM
7. Maximizer Software Maximizer Enterprise CRM
8. Netsuite Inc. NetSuite CRM+
9. Oncontact Software Oncontact V
10. ADAPT Software Applications ADAPT crm
11. Exact Software North America e-Synergy

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Customer+Relationship+Management.pptx

  • 2. 2 Customer Relationship Management (CRM) Traditional Marketing CRM Goal: Expand customer base, increase market share by mass marketing Goal: Establish a profitable, long-term, one-to-one relationship with customers; understanding their needs, preferences, expectations Product oriented view Customer oriented view Mass marketing / mass production Mass customization, one-to-one marketing Standardization of customer needs Customer-supplier relationship Transactional relationship Relational approach
  • 3. What is CRM?  An integrated approach to identifying, acquiring and maintaining customers.  Allows companies to coordinate their approach across channels, departments and also geographically.
  • 4. CRM
  • 5. History of CRM  1980s: Database marketing emerges.  1980s: Database helped larger organizations rather then small who only got survey type info.  1990s: CRM appears as a two-way communication device.  1990s: CRM leads to programs such as frequent flyer miles and bonus points on credit cards.  2000s: Internet has helped expand from stagnant database and allows off-site information storage.  2000s: Used most frequently in financial services, high tech corporations and the telecommunications industry.
  • 6. What it does...  Builds a database that describes the customers and the relationship they hold with the company.  Provides enough detail so that the company can offer the client the product/service that matches their need the best.  May contain information about their past purchases, who is involved with the account and a summary of all conversations.
  • 7. What to look for in CRM software...  Make sure the primary goal (ie: customer service) is standard in the software. Customization is very expensive.  Make sure the program doesn't offer more then you need.  Compare with other companies of equivalently the same size who have purchased the same CRM software and examine their results.
  • 8. Benefits of CRM  Research has shown that companies that create satisfied, loyal customers have more repeat business, lower customer- acquisition costs and stronger brand value.  Which equals better financial performance.
  • 9. Satisfied customers pay off… siebel.com
  • 10. CRM may...  Help marketing departments identify and target their best customers, manage campaigns as well as discover qualified leads.  Improve sales and streamline existing processes.  Form individualized relationships with customers.  Give employees information needed to improve customer service and also to better understand customer needs.
  • 11. CRM leads to...  Identifying prospects and helps them become customers.  Closing sales more effectively and efficiently.  Allowing customers to perform business transactions quickly and easily.  Providing better service and support following a sale.
  • 12. It even ties into BI… (Business Intelligence) CRM is closely related to business intelligence because both methods involve using technology to gather, analyze and organize data in order to develop relevant information. CRM is just a more specific form of BI that concentrates strictly on customer’s behaviors and actions, for both past and future information.
  • 13. The Players The Top 11 CRM Manufactures Are: Company Product name 1. Microsoft Microsoft Dynamics CRM 3.0 2. Sage Software SalesLogix CRM 3. SAP America Inc. SAP Business One CRM 4. Parature Inc. Parature 5. Entellium Entellium CRM 6. Pivotal corp. Pivotal CRM 7. Maximizer Software Maximizer Enterprise CRM 8. Netsuite Inc. NetSuite CRM+ 9. Oncontact Software Oncontact V 10. ADAPT Software Applications ADAPT crm 11. Exact Software North America e-Synergy