Name: Pankaj L. Chowkekar Application ID: 6808 Class: S.Y. M.C.A. (Sem 4) Subject: Customer Relationship Management Group: A
Name: Pankaj L. Chowkekar Application ID: 6808 Class: S.Y. M.C.A. (Sem 4) Subject: Customer Relationship Management Group: A
Name: Pankaj L. Chowkekar Application ID: 6808 Class: S.Y. M.C.A. (Sem 4) Subject: Customer Relationship Management Group: A
Chowkekar
Group : A
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
Q. 1) a) Write a case study on use of CRM tools in Shopping Center and its impact on deciding
strategies.
Ans:
Retailing is India’s largest industry accounting for over 10% of the country’s GDP and around 8% of the
employment. Retailing is also one of Key elements of a marketing strategy. It facilitates the targeting
process making sure that a product reaches particular group of consumers. Retailers provide a collection
of service benefits to their customers. Such as being located in convenient places, providing a range of
alternatives to choose from and selling goods in quantities that match the personal consumption level.
The Indian retailing sector is highly fragmented with 97% of its business being run by the unorganized
retailers such as the traditional family run stores and corner stores. Organised retailing, however, is at a
very nascent stage though is share is expected to rise to 9-10% by the year 2010. The last few years have
witnessed immense growth in this sector.
In order to keep pace with increasing demand, there has been hectic activity in terms of entry of
international labels, expansion plans and focus on technology, operations and processes. Large Indian
players like Reliance, ITC are making significant investments in this sector. With growing competition it is
becoming increasingly difficult for retailers to survive in the new economy. A new revolution of
customized marketing is taking place and for retailers to survive today, they must adopt revolutionary
thinking. CRM is an emerging tool that enables retail marketers to maintain their presence in the
dynamic marketing environment. Initially CRM was the tool preferred by manufacturers in order to
motivate and retain retailers.
Now-a-days retailers are applying the same tool in order to retain the customers. The objective is to get
the customers to maintain loyalty towards the store, irrespective of the products and brands that they
prefer to buy.
CRM help to ensure continuous growth and success
1. The retailers or marketers need to have a better understanding of customers at the individual level.
2. They should provide the consumers with specific product – related information and deliver goods
targeted to their specific need.
3. Targeting “The moment of truth is consumer goods and services marketing are extremely important.
4. They should focus on customers’ orientation with a long term perspective, with high customer
commitment. The following tools can be used as a part of practicing CRM by the retailers.
1. Personalization: Make customers feel that they have achieved personal value, by matching product
value to individual customers’ personal value.
2. Communication: Make efforts to stay in touch by informing customers about new arrivals.
3. Rewards: Offer tangible rewards, discount offers, exciting prizes, customer loyalty bonus and
personalized discount coupons. Implement customer – member loyalty programs.
4. Special treatment: Categories and differentiate among loyal customers and non-loyal customers.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
● A technique of using software to automate the business tasks of sales, including order
processing, contact management, information sharing, inventory monitoring and control, order
tracking, customer management, sales forecast analysis and employee performance evaluation
● Sales Force Automation Systems (SFA), typically a part of a company’s customer relationship
management system, is a system that automatically records all the stages in a sales process.SFA
is often used interchangeably with CRM; however, CRM does not necessarily imply automation
of sales tasks.
● SFA includes a contact management system which tracks all contact that has been made with a
given customer, the purpose of the contact, and any follow up that might be required.
● This ensures that sales efforts won’t be duplicated eliminating the risk of irritating
customers.SFA also includes a sales lead tracking system, which lists potential customers
through paid phone lists, or customers of related products.
● Other elements of a SFA system can include, sales forecasting, order management and product
knowledge.More developed SFA systems have features where customers can actually model the
product to meet their required needs through online product building systems.
1. Sales staff will use their time more efficiently and more effectively and hence productivity will
increase. This increased productivity can create a competitive advantage in three ways: it can
reduce costs, it can increase sales revenue, and it can increase market share.
2. Field sales staff will send their information more frequently. Typically information will be sent to
management after every sales call (rather than once a week). This provides management with
current information, information that they will be able to use while it is still valuable.
Management response time will be greatly reduced. The company will become more alert and
more agile.
Disadvantages of SFA
Q. 2) b) With the help of suitable example example how web enabling call center helps in business to
serve customer.
Ans:
Through the web enabled service, people can remain in contact with their customers and continue with
their business, unperturbed, on account of the distances between them.
People prefer the Intranet, since only people of a specific group can have access to one such facility. The
customer can avail of video conferences and outsource their problems or convey 84 messages.
In the intranet, the people of the group in business can view the information or queries of other people,
within the group. The web enabled call center services help people in different parts of the world to
access and enhance their business as well as valuable customers. This also helps in targeting brand
messages, potential acquisition of new call centers and it gives high returns for a relatively low
investment.
It provides enhanced employee performance, maximized customer satisfaction and reduces cost.
It also helps to maintain customer satisfaction, maintain standards and increase profitability. The call
center service is a thriving business today and it is evolving. It has become a necessity in both, developed
and developing countries. A web enabled call center is one that is based on a web page, on the World
Wide Web. The page provides a button, which can be clicked on to access the calls.
The integration of Internet and telephone with the operation of call centers made the process of call
center flexible and user friendly. Normally the call centers are backed up with the customer details and
the other information related with the customers like after sales services.
(a) Whenever the queries are forwarded by the users then the call forwarding technology will transfer
the query to a proper CCR and the information will be stored in the database.
(b) If the CCR is busy with another call then the IVR technology will inform the user about the position of
the CCR and tell them to wait or will take up the message and store it in the back office.
(c) As soon as the CCR becomes free then he will go through the user details and requests and will take
either of the following steps:
(i) If the user history reflects the similar problem then the reply will be given immediately.
(ii) If it is identified as a new critical problem then the call will be forwarded to the corresponding CCR.
(iii) If it is a general enquiry about the user details then the reply will be given to the user from the back
office.
(d) The users’ queries and replies will be again stored with his database for the further reference.
(e) This entire process requires various technologies like IVR, CTI, and ACD, which need the support of
web enablement with the entire process of call centers.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
Q. 3) a) Explain the role of ASP? What are the advantages and disadvantages of implementing ASP?
Ans.
Introduction
An Application service provider (ASP) is a business that provides computer-based services to customers
over a network. Software offered using an ASP model is also sometimes called On-demand software.The
most limited sense of this business is that of providing access to a particular application program (such
as medical billing) using a standard protocol such as HTTP.
The need for ASPs has evolved from the increasing costs of specialized software that have far exceeded
the price range of small to medium sized businesses.Through ASPs, the complexities and costs of such
software can be cut down.In addition, the issues of upgrading have been eliminated from the end-firm
by placing the onus on the ASP to maintain up-to-date services, 24x7 technical support, physical and
electronic security and in-built support for business continuity and flexible working.
ASP Business
● A specialist or functional ASP delivers a single application, such as credit card payment
processing or timesheet services;
● A vertical market ASP delivers a solution package for a specific customer type, such as a dental
practice;
● An enterprise ASP delivers broad spectrum solutions;
● A local ASP delivers small business services within a limited area.
● Some analysts identify a volume ASP as a fifth type. This is basically a specialist ASP that offers a
low cost packaged solution via their own Website. PayPal was an instance of this type, and their
volume was one way to lower the unit cost of each transaction.
● In addition to these types, some large multi-line companies (such as IBM), use ASP concepts as a
particular business model that supports some specific customers.
The application software resides on the vendor's system and is accessed by users through a web
browser using HTML or by special purpose client software provided by the vendor.Custom client
software can also interface to these systems through XML APIs.These APIs can also be used where
integration with in-house systems is required.
4. Key software systems are kept up to date, available, and managed for performance by experts
5. Improve the reliability, availability, scalability and security of internal IT systems
6. A provider's service level agreement guarantees a certain level of service
7. Access product and technology experts dedicated to available products\
8. Reduce internal IT costs to a predictable monthly fee.
9. Redeploy IT staff and tools to focus on strategic technology projects that impact the enterprise's
bottom line
1. The client must generally accept the application as provided since ASPs can only afford a
customized solution for the largest clients
2. The client may rely on the provider to provide a critical business function, thus limiting their
control of that function and instead relying on the provider
3. Changes in the ASP market may result in changes in the type or level of service available to
clients
4. Integration with the client's non-ASP systems may be problematic
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
System Interface Works with backend application Designed for front-end as well
through ERP system as backend applications through
ERP, Data Mart and Data
Warehouse
Q. 4) a) What is campaign Management? Give the flow diagram of a Campaign which is created by
marketing automation tool.
Ans.
Campaign management encompasses the multitude of campaigns that are plant an executed through
different channels so that a continuous marketing communication flow is created . Sometimes these
campaigns are devised in the morning and executed that every afternoon.
By continuously measuring the effect of every contact “customer touch point” and making adjustments,
the dialogue may be continually refined. This puts the organization in a better position to market its
goods and services and develop relationship with the right customers. The goal of campaign
management is to interact with prospects and customers at the right movement, with the rights
offerings and the right message communicated through the right channels.
Q. 4) b) Explain in detail opt in, opt out, cross selling and up selling.
Ans.
Opt in and Opt out
An opt-in system is one in which a person needs to actively indicate interest or a desire to be a part of
something. In contrast, an opt-out arrangement makes users part of a system, and provides them with
the opportunity to remove themselves from it. With regard to technology, the way in which the initial
communication in opt-in and opt-out methods is handled is different, with more options available up
front for the former.
The major difference between opt-in and opt-out is the way in which customers or users are treated by
a system and the type of input required of them.
An opt-in system is typically designed to be approachable and provide as much information as possible.
Using an opt-in method requires development of an interface that clearly presents the option. Contact
information needs to be provided by someone interested in information through this system, and it can
simply be added to a list of opt-in registrations.
From a technological standpoint, an opt-out system can be fairly easy to create. Data is used from
another source to populate a list of individuals who are a part of this service. It is up to users to then
indicate that they no longer wish to be part of a mailing list or other program. Some method needs to be
provided for them to opt-out of the arrangement. This can be somewhat complicated, but usually
involves a link or other simple indicator that sends a notice to remove someone's information from a
list.
Cross-selling
Cross-selling identifies products that satisfy additional, complementary needs that are unfulfilled by the
original item. For example, a comb could be cross-sold to a customer purchasing a blow dryer.
Oftentimes, cross-selling points users to products they would have purchased anyways; by showing
them at the right time, a store ensures they make the sale.
Cross-selling is prevalent in every type of commerce, including banks and insurance agencies. Credit
cards are cross-sold to people registering a savings account, while life insurance is commonly suggested
to customers buying car coverage.
In ecommerce, cross-selling is often utilized on product pages, during the checkout process, and in
lifecycle campaigns. It is a highly-effective tactic for generating repeat purchases, demonstrating the
breadth of a catalog to customers. Cross-selling can alert users to products they didn't previously know
you offered, further earning their confidence as the best retailer to satisfy a particular need.
Up-selling
Upselling is the practice of encouraging customers to purchase a comparable higher-end product than
the one in question. Upselling often employs comparison charts to market higher-end products to
customers. Showing visitors that other versions or models may better fulfill their needs can increase
average order value and help users walk away more satisfied with their purchase. For eg. You may go to
purchase a 44 inch television but end up buying a 52 in television just because the sales person was able
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
to convince you to do so. Companies that excel at upselling are effective at helping customers visualize
the value they will get by ordering a higher-priced item.
Cross-selling and upselling are similar in that they both focus on providing additional value to customers,
instead of limiting them to already-encountered products. In both cases, the business objective is to
increase order value inform customers about additional product options they may not already know
about. The key to success in both is to truly understand what your customers value and then responding
with products and corresponding features that truly meet those needs. Upselling and cross-selling are
mutually beneficial when done properly, providing maximum value to customers and increasing revenue
without the recurring cost of many marketing channels.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
1) This is the testing phase that comes after the development stage. This Beta Testing involves the active
user's participation.
2) In this phase the user specified customization process will be completed and the system will be
prepared ready for the data migration.
3) This testing phase ensures acceptance of the system by the power users. The term power user
indicates that the success or the failure of any system depends on the users.
Because of this reason the users are termed as power users. The complete verification of the developed
system is also done based on the requirements specified by the users initially.
4) The first steps involves creation of the testing environment at the site. The testing environment will
be seperate from the actual working environment setup.
5) The risk involved with developing this testing environment is that it may crash the entire systems.
6) In order to avoid such a risk it is better that the customer purchase a server machine that can be
isolated easily and can work with the legacy system side by side.
7) A few problems may also arise by implementing such a server machine especially in case of extensive
customization wherein extensive checks are performed during development.
8) To overcome these problems, we need to develop a close relationship between the development
team and the implementation team.
9) The success or failure of this phase depends upon the back up resource available.
Having advocates for your company will help you in the long run. They not only give repeat business to
you, but also are also willing to promote your goods or services to more prospective customers. This will
be done by developing strong relationships through entire customer life cycle. They will refer your
products or services to their friends and family members.
Importance of Customer Life Cycle
The beauty of the customer lifecycle lies in the fact that it's nonlinear, meaning it follows a cyclical
pattern at the end. Customer retention is the end goal in developing strong brand loyalty, but your
business needs to continually offer relevant and timely messaging to prior customers, otherwise your
top-of-mind awareness will quickly fade.
The customer lifecycle can help your business maximize the revenue potential for each client who makes
a purchase on your website. Once a customer has become a brand advocate, the potential for upselling
increases as a result. New product features, releases or exclusive offers are also a great way to progress
consumers through the lifecycle. As long as your messaging is consistent, relevant and is in tune with
their needs, you can turn one-time buyers into loyal customers quickly.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
Q. 6) b) Explain the various factors to be considered while implementing CRM solutions in call center
service.
Ans.
Implementing CRM takes careful planning, a solid understanding of your business goals, and a good
helping of patience. So, before making any major moves, ask yourself if you can check off these five
things:
What is your lead qualification process? When does a lead become an opportunity? What’s your process
for services and warranties? How does the CRM you’re considering fit with these? Implementing CRM
could catalyze some changes – you’ll streamline and automate a lot more – but for the most part, its
main goal should be to help you improve on what’s already working. That’s why it’s so important to
understand how your processes will tie in with your new system before you implement. If you have an
implementation partner, they’ll initiate the conversation with your team. They can help you brainstorm
and answer the team’s questions about the role of your CRM in the day-to-day of each department. Not
only is this informative, but it may also ease concerns from those wondering how the implementation
will affect their work.
As you search for a CRM, it’s easy to get caught up in the carnival of possible features. Avoid getting
distracted by the shiny objects. Instead, organize your thoughts around how each function will impact
your ROI potential. Step away from the feature sets and write down what YOUR company needs,
specifically. What functionality is most realistic to achieve your goals? How do you profile and market to
your customers? How will that change in the future? Will the features support those changes? Which
features are must-haves and which are nice-to-haves? Use this framework to narrow down the
essentials and rank your requirements. The term “rank” is crucial here. Assign a numeric value to every
feature. If you simply list out prioritized requirements, you’ll end up with too many high-priority features
and not enough clarity on what’s most important. Your implementation partner can help you define and
rank your requirements to weed through the information overload
Too often during implementations do companies let integration requirements slip through the cracks.
Integration is one of the most important aspects of CRM implementation. Think about how integration
will affect your CRM. How will your CRM work with your phone system? What will happen to an
opportunity after it closes in the system? Where will the quote be created? Is there a process to approve
discounts? What information do salespeople need to see from other systems to make them more
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
productive? If you’re not sure, ask your implementation partner for help identifying your integration
factors. Many CRM implementers are familiar with integration and can guide you to choose the right
mixture of programs for your needs. Save yourself from unexpected financial pitfalls and time
commitments by keeping integration top-of-mind throughout your CRM implementation journey.
Consider why individuals will be using the system and what levels of authorization they’ll need. Are
there certain people who have limited access and others who can see everything? Giving your team too
many data points to juggle or asking them to enter too much information can deter them from wanting
to use the program. Talk to your implementation partner about setting data rules inside your CRM and
make sure you’ve established a set policy prior to implementation. In addition, think about where these
individuals will be accessing the CRM. Does the CRM support mobile apps? What information will your
teams need out in the field? Do they need offline mobile access too? Simplify their interaction with the
CRM as best you can to promote user adoption and facilitate better use cases for each department.
When I clean out my closet at the change of each season, it’s a cathartic experience. Everything is nicely
organized and all the unnecessary clutter is removed. Think of this as a metaphor for your CRM. Just as
you wouldn’t shove your dirty laundry into the closet with your fresh new clothes, you don’t want to
throw all your dirty data into your fresh new CRM. As annoying as it may seem, cleaning your data
before importing it to your new system is an absolute implementation MUST. Think you can just go in
later and clean it up? Maybe, but how much time will you waste trying to pick out the dirty pair of socks
once they’re mixed in with all the clean pairs? If you’re unsure about the cleanliness of certain contacts,
bounce them against a public database like Hoovers or Inside View to compare.
Get the whole team on board with a data cleanup plan. Make each person responsible for their own
data accuracy. Have data with no owner? Send a list to everyone affected and ask them to look it over
by a certain date. If anything needs to be saved, they must let you know, otherwise it will go into the
trash. Implementing a CRM with clean data will help you put your best foot forward and start using the
software at its highest potential right off the bat. Don’t skip this critical step.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
Interactive voice response can be used to front-end a call center operation by identifying the needs of
the caller. Information can be obtained from the caller such as an account number. Answers to simple
questions such as account balances or pre-recorded information can be provided without operator
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
intervention. Account numbers from the IVR are often compared to caller ID data for security reasons
and additional IVR responses are required if the caller ID does not match the account record.
IVR speech recognition interactions (call flows) are designed using 3 approaches to prompt for and
recognize user input: directed, open-ended, and mixed dialogue.
A directed dialogue prompt communicates a set of valid responses to the user (e.g. "How can I help you?
... Say something like, account balance, order status, or more options"). An open-ended prompt does not
communicate a set of valid responses (e.g. "How can I help you?"). In both cases, the goal is to glean a
valid spoken response from the user.
A mixed dialogue approach involves shifting from open-ended to directed dialogue or vice-versa within
the same interaction, as one type of prompt may be more effective in a given situation. Mixed dialog
prompts must also be able to recognize responses that are not relevant to the immediate prompt, for
instance in the case of a user deciding to shift to a function different from the current one
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
ACDs route incoming calls to the most qualified employee or employees within a company that can
address a caller's needs. The technology can also use rule-based instructions such as caller ID, automatic
number identification, interactive voice response or dialed number identification services to determine
how calls are handled. ACD systems are often found in offices that handle large volumes of incoming
phone calls from callers who have no need to talk to a specific person, but require assistance from any
of multiple persons (e.g., customer service representatives) at the earliest opportunity.
There are several contact routing strategies that can be set up within an algorithm based on a
company's needs. Skills-based routing is determined by an operator's knowledge to handle a caller's
inquiry. Virtual contact centers can also be used to aggregate the skill sets of agents to help multiple
vendors, where all real-time and statistical information can be shared amongst the contact center sites.
An additional function for these external routing applications is to enable Computer telephony
integration (CTI), which improves efficiency for call center agents by matching incoming phone calls with
relevant data via screen pop.
An automatic call distributor (ACD) is often the first point of contact when calling many larger
businesses. An ACD uses digital storage devices to play greetings or announcements, but typically routes
a caller without prompting for input. An IVR can play announcements and request an input from the
caller. This information can be used to profile the caller and route the call to an agent with a particular
skill set.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
c) EMA components
Ans.
Enterprise marketing automation is part of customer relationship management module. Enterprise
marketing automation can also be an independent software installed by the company. The main
function of the enterprise marketing automation module is to run different marketing programs in the
organization.
1.Market Segmentation
Market segmentation is the process of identifying smaller markets that exist within a larger market.
These groups are called market segments. Market segmentation helps marketer develop marketing
mixes for individual segments. Market segmentation helps marketers develop marketing mixes that are
more specially tailored to the characteristics and wants of people of the segments that are identified
and selected as target markets.
Segmentation isolates consumers with similar life styles, needs and the likes and increases our
knowledge of their specific requirements. The more marketers establish this common ground with
consumers, the more effective they will be in assessing these requirements in their communication
programmes and informing and/or persuading potential consumers that the product or service offering
will meet their needs
2. Campaign Management
Campaign management encompasses the multitude of campaigns that are plant an executed through
different channels so that a continuous marketing communication flow is created . Sometimes these
campaigns are devised in the morning and executed that every afternoon.
By continuously measuring the effect of every contact “customer touch point” and making adjustments,
the dialogue may be continually refined. This puts the organization in a better position to market its
goods and services and develop relationship with the right customers. The goal of campaign
management is to interact with prospects and customers at the right movement, with the rights
offerings and the right message communicated through the right channels.
quality of the product or service that is being offered. Consumers often must encounter an experience
to not only be a satisfied customer, but a loyal customer.
Customer service is a part of that experience. Top notch service will create loyalty and a returning
customer, which is what we all must strive for. Excellent customer service is vital to businesses today.
It’s a component that is often missing, unfortunately. How do you provide great customer service?
Always make your customer a priority.
Greet them in a friendly manner, whether that be via telephone, email or in person. Let them know you
are there to help and that you will take care of them, not only before the sale but after as well. After all,
in a thriving business customers are not optional it’s a requirement for businesses to survive.
Call centre worker at a very small workstation/booth, using Call Web Internet-based survey software,
“most companies use statistics from their call center products to track their CSR(customer service
representative) performance, evaluating their performance and compensating them according to the
volume of calls they support.
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
CTI enables control of the phone through the PC. This allows computer software such as email programs
to connect you to the telephone system with just the click of a mouse. With incoming calls, a
corresponding CTI function can display information about the caller from a CRM system, such as their
contact details or call history. These additional functions make communication in business more efficient
and allow for the better exchange of information.
To operate Computer Telephony Integration, the computer needs the appropriate software to control
the system phone or communicate with the telephone system. To facilitate the connection of CRM or
back-end systems with as little effort as possible, the CTI programs usually have software modules that
can communicate with popular CRM and back-end systems via standardised interfaces.
For communication between the telephone system and the computer software, there are standardised
protocols such as CSTA (Computer Supported Telecommunications Applications). This protocol defines
the type and format of the data to be transmitted without specifying the actual transport layer, thereby
allowing CTI solutions to be implemented by many more manufacturers.
Advantages:
1) Easy Call Handling
2) Detailed information of customer is available.
3) Integration of Call Logs and Caller Data into a Unified Dashboard
4) Increased Collaboration Within Departments
5) Reduced Costs
6) Increased Productivity
7) Enhanced Caller Experience
Name: Pankaj L. Chowkekar Application ID: 6808
Class: S.Y.MCA (SEM –IV) Academic Year: 2017-2018
e) Components of e-CRM
Ans.
1. The eCRM or electronic customer relationship management encompasses all the CRM functions
with the use of the net environment i.e., intranet, extranet and internet.
2. Electronic CRM concerns all forms of managing relationships with customers making use of
information technology (IT).
3. eCRM is enterprises using IT to integrate internal organization resources and external
"marketing" strategies to understand and fulfill their customers needs.
4. Comparing with traditional CRM, the integrated information for eCRM intra-organizational
collaboration can be more efficient to communicate with customers.
5. It is a well-structured and coordinated process of CRM that automates the processes in
marketing, sales and customer service.
6. An effective E-CRM increases the efficiency of the processes as well as improves the interactions
with customers and enables businesses to customize products and services that meet the
customers’ individual needs.
Strategy components
When enterprises integrate their customer information, there are three eCRM strategy components:
1. Operational: Because of sharing information, the processes in business should make customer’s
need as first and seamlessly implement. This avoids multiple times to bother customers and
redundant process. Operational CRM involves the automation of business processes involving
front office customer touch points.
2. Analytical: Analysis helps company maintain a long-term relationship with customers. It
analyses the data created on the operational side of CRM effort for the purpose of business
performance management and improvement. Prediction of customer behavior, identifying
relevant customer segments, potential customers etc are some of the activities.
3. Collaborative: Collaborative CRM facilitates interaction between customers and companies and
between members of a company so as to improve communication and coordination to increase
customer retention.Due to improved communication technology, different departments in
company implement (intraorganizational) or work with business partners (interorganizational)
more efficiently by sharing information. Voice conferencing, email, web based and other
interactive technologies are some of the examples