The document outlines the learning objectives of a Customer Relationship Management (CRM) course, emphasizing the concepts of CRM, eCRM, and their differences from traditional and database marketing. It highlights the importance of using strategies and technology to foster customer relationships, increase sales, and enhance customer satisfaction over time. Additionally, it distinguishes between CRM and eCRM while discussing the benefits and assumptions of CRM, including the importance of customer retention and the role of technology in modern marketing approaches.

1. Overview of CRM

2. Learning Objectives
At the end of the course, participants should be
able to do the following:
Explain the concepts of CRM
Explain the concepts of eCRM
Identify the difference between CRM and
Traditional Marketing
Identify the difference between CRM and
Database Marketing
Identify the relationship between CRM and
eCRM

3. “Customer Relationship Management is a
comprehensive strategy and process of
acquiring, retaining and partnering with
selective customers to create superior value
for the company and the customer.”
- Parvatiyar and Sheth

4. “Customer relationship management is about
attracting, developing, maintaining and
retaining profitable customers over a period
of time.”
- Massey, Montoya-Weiss & Holcom

5. “CRM relates to strategy, managing the dual-
creation or value, the intelligent use of data
and technology, the acquisition of customer
knowledge and the diffusion of this
knowledge to the appropriate stakeholders,
the development of appropriate (long-term)
relationships with specific customers and/or
customer groups and the integration of
processes across the many areas of the firm
and across the network of firms that
collaborate to generate customer value.”
- Boulding, Staelin, Ehret and Johnston

6. CRM versus Traditional Marketing
Traditional marketing focus on the four Ps
(price, product, place and promotion) for
increasing market share through increase in
the volume of transactions between seller and
buyer. While customer relationship
management focus on using strategies,
procedures, tools and technology for
promoting the relationship between the seller
and customer so as to increase sales revenue,
profitability and customer satisfaction.

7. Attributes of Market Exchanges
Attribute Marketing Through 4Ps
Transactions
Marketing Through
Relationships, Networks, and
Interactions
1. Actors The buyer has a generic need and the
seller has a generic offer
The buyer has a particular need, and
the seller has a unique offer
2. Nature of marketing exchange The products or services are
standardized
The products or services are
customized
3. Interaction between actors The interaction between actors are
characterized in terms of, for example,
power, conflict and control
The interaction between actors are
characterized in terms of, for example,
trust, commitment and cooperation
4. Duration of marketing exchange The duration of marketing exchange is
independent and discrete
The duration of marketing exchange is
on-going
5. Structural attributes of market
place
The structural attributes of market
place is characterized as an anonymous
and efficient market
The structural attributes of market
place is characterized in terms of
numerous networks to a network
approach
6. Marketing approach The marketing approach is the 4Ps or
the marketing mix
The marketing approach is marketing
through relationships, networks and
interactions
Source: Lindgreen and Antioco, Customer Relationship Management

8. Components of CRM

9. Business Drivers of CRM
• Averagely, the cost of retaining a customer is
less than that of acquiring a new one.
• A dissatisfied customer may become
aggressive opposition
• Advances in electronic commerce provides
wide range of relationship opportunities for
boosting customer loyalty and satisfaction

10. Assumptions of CRM
• Current information is right
• Consumers prefer individual, differentiated
treatment, services and products
• The future behaviour of consumers depends
on their past behaviour

11. Myths of CRM
Successful CRM needs complete customer
data and a very large database
CRM is a gigantic project
Very good CRM technology system guarantee
excellence in business
Segmentation is a prerequisite to CRM
CRM needs highly advanced analytics

12. Key Cost Goals of CRM & Action Points
• Trim down cost of sales and distribution
- Deploy web applications for reducing sales force
- Manage customer relationships instead of products
- Use focused advertising to target customers
• Boost sales revenue growth by increasing customer satisfaction
- Enhance sales by cross-selling
- Enhance sales by up-selling
• Reduce customer support costs
- Provision of appropriate level of information to customer facing
personnel
- Call center automation for easy access to information
• Reduce cost requirements for customer satisfaction
- Manage customer experience
- Deploy customer profitability analytics

13. CRM versus Database Marketing
Database marketing is a company-centric technique
which focus on using discount programmes and
promotions to sell more products to customers
for less cost: Therefore it’s difficult to use it for
building customer loyalty. While Customer
relationship management focus on enduring
relationship with customers by identifying and
providing customer values in the context of
customer’s viewpoint and not based on the
company’s opinion: Therefore it’s easy to use it
for building customer loyalty.

14. eCRM
eCRM involves matching and blending people,
processes and technology for enabling an
organisation to attract, retain and partner
with customers to facilitate enhancement of
value to both customers and the organisation.

15. CRM versus eCRM
The infusion of applicable electronic technology
including database-driven software, business
intelligence and web systems to the customer
relationship strategy of a firm so as to achieve
established objectives depicts eCRM. While
CRM focus on the generic application of a
firm’s customer relationship strategy in
achieving established objectives.

16. Customer relationship management provides
opportunity for expectations of customers to
be properly identified, explored and used for
controlling value proposition with the aim of
increasing customer satisfaction.

17. Customer Expectations Versus Experienced Service
Model A Model B

18. Benefits of eCRM to a Firm
• Transaction security
• Personalized services
• Relationship with customers
• eMarketing
• Using email for communication
• Enhanced workflow
• Large data storage
• Advanced analytics
• Time efficiency

19. Benefits of eCRM to Customers
• Convenience
• Confidence
• Service quality
• Transaction process speed
• Structured interaction

20. Steps for Achieving Goals of CRM
• Customer Identification
• Customer Differentiation
• Customer Interaction
• Customization

21. Dr Elijah Ezendu is Award-Winning Business Expert & Certified Management Consultant with expertise
in Interim Management, Strategy, Competitive Intelligence, Transformation, Restructuring, Turnaround
Management, Business Development, Marketing, Project & Cost Management, Leadership, HR, CSR, e-
Business & Software Architecture. He had functioned as Founder, Initiative for Sustainable Business
Equity; Chairman of Board, Charisma Broadcast Film Academy; Group Chief Operating Officer, Idova
Group; CEO, Rubiini (UAE); Special Advisor, RTEAN; Director, MMNA Investments; Chair, Int’l Board of
GCC Business Council (UAE); Senior Partner, Shevach Consulting; Chairman (Certification & Training),
Coordinator (Board of Fellows), Lead Assessor & Governing Council Member, Institute of Management
Consultants, Nigeria; Lead Resource, Centre for Competitive Intelligence Development; Lead
Consultant/ Partner, JK Michaels; Turnaround Project Director, Consolidated Business Holdings Limited;
Technical Director, Gestalt; Chief Operating Officer, Rohan Group; Executive Director (Various Roles),
Fortuna, Gambia & Malta; Chief Advisor/ Partner, D & E; Vice Chairman of Board, Refined Shipping;
Director of Programmes & Governing Council Member, Institute of Business Development, Nigeria;
Member of TDD Committee, International Association of Software Architects, USA; Member of Strategic
Planning and Implementation Committee, Chartered Institute of Personnel Management of Nigeria;
Country Manager (Nigeria) & Adjunct Faculty (MBA Programme), Regent Business School, South Africa;
Adjunct Faculty (MBA Programme), Ladoke Akintola University of Technology; Editor-in-Chief, Cost
Management Journal; Council Member, Institute of Internal Auditors of Nigeria; Member, Board of
Directors (Several Organizations). He holds Doctoral Degree in Management, Master of Business
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22. Thank You