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The influence of Social Media on Customer Relationship Management: Critical Factors for Customer Engagement - Dissertation Example

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The influence of Social Media on Customer Relationship Management: Critical Factors for Customer Engagement

This dissertation presents an examination of influences of social media on CRM and critical factors for customer engagement in an age of social media by presenting salient themes from published literature in a review of relevant literature, and an examination of expert insights acquired from semi-structured interviews involving experts. In an age of ubiquitous computing, customers are becoming more digital oriented and the advent of social media has unleashed far-reaching change in the way in which individuals interact. The social web now represents the enormous power of the collective and online word of mouth presents substantial influences on masses, with Web 2.0 & Web 3.0 characterising emergence of new technologies and business trends. Now, CRM embeds customer centricity, customer engagement, responsiveness, collaborative thinking, customer advocacy and interactivity through social networking. The new social CRM presents business value, and customers are increasingly likely to demand a shift to the new way of doing business. However, social CRM demands investment in new technologies, acquisition of new skills, integration of social CRM with enterprise systems and a shift in managerial thinking towards new matrices. Customer engagement now demands to get to know about what customers are saying on social media, identification of customer needs, deciding about information requirements for customer decision-making, identification of value customers and influencers, etc.


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now represents the enormous power of the collective and online word of mouth presents substantial influences on masses, with Web 2.0 & Web 3.0 characterising emergence of new technologies and business trends. Now, CRM embeds customer centricity, customer engagement, responsiveness, collaborative thinking, customer advocacy and interactivity through social networking. The new social CRM presents business value, and customers are increasingly likely to demand a shift to the new way of doing business. However, social CRM demands investment in new technologies, acquisition of new skills, integration of social CRM with enterprise systems and a shift in managerial thinking towards new matrices. Customer engagement now demands to get to know about what customers are saying on social media, identification of customer needs, deciding about information requirements for customer decision-making, identification of value customers and influencers, etc. Customers must have the right information and motivators at the right stage of their decision-making, and it makes sense to pay attention to their service or assistance requests emanating from social media. This dissertation presents an examination of influences of social media on CRM and critical factors for customer engagement in an age of social media by presenting salient themes from published literature in a review of relevant literature, and an examination of expert insights acquired from semi-structured interviews involving experts. (This page intentionally left blank) CHAPTER 1: BACKGROUND AND OBJECTIVES ______________________________________ Customer Relationship Management (CRM) is about managing the relationships between a business organisation and its customers, clients and sales prospects (Bhattacharya, 2011, pp. 45 - ...Show more

Summary

The researcher of this dissertation will attempt to examine existing literature and identifiable potential applications / benefits for social media association with CRM to decide about how social media will influence CRM in the future…
Author : isaiah42
The influence of Social Media on Customer Relationship Management: Critical Factors for Customer Engagement essay example
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