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Traditional

CRM

Customer acquisition focused

Customer retention & loyalty focused

Primary channels of
communications are Face to Face
meeting and Phone call

Traditional channels and Online channels
with the advent of technology (email, chat
etc.)

Primary assets are people or
company agent

Primary assets are people, customer data,
knowledge content

Every customer is important and
hence transactional mind-set

Profitable customer is more important and
hence relational marketing mind-set

Customer data was stored as a
general historical data

Customer data was personalised and used
for cross-selling & up-selling
• Front end
• System to deal with customer touch points
• Internet
• Multimedia
• Television and other sources

• Back End
• Application integration for incoming e-mail / telephone
• Strengths
• Strong Brand
• Existing customer data
Integration of CRM through
• Knowledge Management System
Data Warehousing and Data mining should be used to create KMS
Identification of data gaps and ensuring data quality
Integration with third party data providers
 KMS should ensure right knowledge is available in the right form to the
right entities at the right time at right cost

• Business Intelligence Tools
 Develop algorithms for customer profiling and churn analysis
It will ultimately measure customer loyalty and attrition
• Train entire staff for uniformity across organization
• If possible, interaction in the firm should be done using CRM
technology as a pilot project for more clarity
• Front end staff should be encouraged to think more
strategically to come out with customer insights
• Back end staff should validate the claims of FE staff by BI/KM
tools.
Grey worldwide

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Grey worldwide

  • 1.
  • 2. Traditional CRM Customer acquisition focused Customer retention & loyalty focused Primary channels of communications are Face to Face meeting and Phone call Traditional channels and Online channels with the advent of technology (email, chat etc.) Primary assets are people or company agent Primary assets are people, customer data, knowledge content Every customer is important and hence transactional mind-set Profitable customer is more important and hence relational marketing mind-set Customer data was stored as a general historical data Customer data was personalised and used for cross-selling & up-selling
  • 3. • Front end • System to deal with customer touch points • Internet • Multimedia • Television and other sources • Back End • Application integration for incoming e-mail / telephone • Strengths • Strong Brand • Existing customer data
  • 4. Integration of CRM through • Knowledge Management System Data Warehousing and Data mining should be used to create KMS Identification of data gaps and ensuring data quality Integration with third party data providers  KMS should ensure right knowledge is available in the right form to the right entities at the right time at right cost • Business Intelligence Tools  Develop algorithms for customer profiling and churn analysis It will ultimately measure customer loyalty and attrition
  • 5. • Train entire staff for uniformity across organization • If possible, interaction in the firm should be done using CRM technology as a pilot project for more clarity • Front end staff should be encouraged to think more strategically to come out with customer insights • Back end staff should validate the claims of FE staff by BI/KM tools.