StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Customer Relationship Management - Essay Example

Cite this document
Summary
Running Head: Customer Relationship Management Customer Relationship Management Name: College: Tutor: Date: Categorizing Customer Needs Every organization in the world needs to have a systematic approach of capturing the voice of the customer and translating the needs of the customer to product features…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Customer Relationship Management
Read Text Preview

Extract of sample "Customer Relationship Management"

Download file to see previous pages

Recent research on categorization has led to scholars questioning the assumption and trying to test the impacts of two variables which are moderating on the customer needs categorization (Hamilton, 2005). Categorizing Customer Needs in Computer Software Sales Selling computer software is a business to business (B2B) activity. Hence, there is a need of categorizing customer needs for this activity. There is a method provided that helps the organization in the identification and categorization of the customer’s visits or contacts with the customer service center.

This means that the organization has been provided with a method of identifying the customer’s problem or goal. The organization has also been using this method to categorize the customer needs into set that are centered on behavior. Hence, the organizations has integrated customer categorization and goal thereby initiating a foundation for optimizing the direction of the customer’s request through an appropriate center. This method helps the organization in the collection of information that is related to the customer’s behavior.

The organization then uses the information in the determination of the optimum manner that customer’s needs can be handled (Gupta, 2001). . One the customers have been consulted, the organization then interprets the customers’ needs correctly in specs and design. Hence, the organization then provides operational definitions of output (Fader, 2010). Best Measures for Actual and Potential Value for the Customer Base Customer base refers to the grouping of the customers or consumers that an organization servers.

The customer base is mainly composed of repeat customers with high ration of purchase over a given period. The best measure for actual and potential value for the customer base is the Eyeball Approach. The Eyeball Approach is based on the assumption that companies need to rapidly acquire customers so that they can grow. This also enhances the chances of the company to gain first mover advantage and also helps in the creation of network externalities which are very strong. For the organization that is involved in selling computer software to other businesses, the Eyeball Approach is also very advantageous based on the fact that the number of businesses coming into the customer care desk indicates to the organization whether the organization is registering a positive growth.

With an increase in the number of customers that are coming to the organization, it means that the organization is developing positively. This also means that its actual value for the customer base is very high. This also indicates that the potential value for the customer base is also very favorable to the organization. Hence, it is important for the organization to use the Eyeball Approach to assess the actual and potential value for the customer base (Hamilton, 2005). Why the Eyeball Approach is Advantageous The assumptions of the Eyeball Approach have been

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Customer Relationship Management Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/human-resources/1395095-customer-relationship-management
(Customer Relationship Management Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/human-resources/1395095-customer-relationship-management.
“Customer Relationship Management Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/human-resources/1395095-customer-relationship-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Customer Relationship Management

Current Key Principles of Customer Relationship Management

Customer Relationship Management CRM 4.... CRM Plan 4.... .... Current Key principles Without having sound marketing strategy, it is impossible for a company to achieve success in the market.... In this rapidly changing business environment, a business must embrace the agility to modify strategies and maintain a strong competitive position (Manning, 2010; Hesse-Biber, 2011; Kumar, 2011)....
7 Pages (1750 words) Essay

Electronic Customer Relationship Management

Customer Relationship Management (CRM) was one of the most talked about field in the 20th century.... However, a new concept of electronic Customer Relationship Management (e-CRM) is quickly replacing it in the contemporary business world.... The electronic Customer Relationship Management e-CRM system must be equipped with appropriate records about users and customers and should use alternate channels to contact the customer.... For businesses that have online presence, e-CRM systems provide the necessary relationship management with customers....
11 Pages (2750 words) Essay

Customer Relationship Management in Todays Marketing Mix

Customer Relationship Management is a vital element in the provision of ... They aspire to maintain a solid customer base while aiming to increase that number by active marketing and selling of the products.... This way companies may determine the approaches they need to apply for specific customer groups or clusters.... According to the American Marketing Association, "Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders" (AMA Adopts New Definition of Marketing)....
15 Pages (3750 words) Essay

Customer Relationship Management Program

hellip; This discussion talks that Implementation of the Customer Relationship Management system results in enabling the organization to provide ultimate experience to the customers.... After the merger of two Fortune 25 companies namely GTE and Bell Atlantic, the main issue was the formulation of the standard Customer Relationship Management program.... Customer Relationship Management ProgramINTRODUCTION:In today's competitive world, organizations have changed from being product focused to customer focused....
2 Pages (500 words) Case Study

Marketing: Customer Relationship Management

Relationship marketing & Customer Relationship Management.... Marketing relationship management) relationship management is a management model that facilitates an organization's interaction with its customers through a developed system of technologies.... This assignment analyzes a management model that facilitates an organization's interaction with its customers through a developed system of technologies.... hellip; Rock Foundations seeks to develop an efficient customer care personnel that is informed of trends in the housing industry such as prices, designs, locations, and the involved legal environment....
1 Pages (250 words) Assignment

Customer Relationship Management: Data Mining

Customer Relationship Management (CRM) is system used for managing the company's interactions with its… stomers, and it is limited to activities taking place in the customer facing functions such as marketing customer service, and sales among others (Kincaid 2003, p.... This paper explores Customer Relationship Management particularly the data mining technique and its importance in an organization.... Customer information is the most important part of Customer Relationship Management, and it serves as a critical component of building loyalty (Kincaid 2003, p....
5 Pages (1250 words) Essay

CRM - Customer Relationship management

This has been attributed to its effective Customer Relationship Management strategies, which have made it possible for the business to retain its loyal customers and attract new clients towards its products and services.... Customer Relationship Management: Concepts and technologies.... has been able to implement the customer relationship strategy through keeping track of its customers.... The company is able to implement the customer relationships management strategy through defining it as the key responsibility for the business....
1 Pages (250 words) Essay

Implementation of Customer Relationship Management

The paper "Implementation of Customer Relationship Management" focuses on the advantages and disadvantages of a phased approach to Customer Relationship Management.... hellip; Phased type of implementation, which is involved in breaking the Customer Relationship Management project into easily manageable segments ease the transition and as well encourage the employee acceptance since it minimizes any disruption and the quantity of change that the users must be able to absorb at some point in life (Kumar 87)....
8 Pages (2000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us