This paper looks at system for customer relationship management (CRM), concentrating on the hospitality industry.
Analytical Essay # 123403 |
2,500 words (
approx. 10 pages ) |
50 sources |
MLA | 2008
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$ 45.95
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Abstract
In this article, the writer examines customer relationship management (CRM) systems, including their operational, analytical, and collaborative aspects and technology. The writer looks at how they relate to the hospitality industry and improving customer relations.
From the Paper
"Customer relationship management (CRM) creates a comprehensive picture of customer needs expectations and behaviors by analyzing information from every customer transaction. Although CRM can be leveraged to improve various aspects of ordering and fulfillment 'The intent of CRM is to create a dynamic environment of continuously improving customer relationships'. CRM is in part an information-gathering protocol that creates the customer intelligence necessary to develop customer relationships. By collecting storing and analyzing customer information companies can develop and maintain better relationships ..."
Tags:customer, customer relationship management, CRM, vendor, operational, technology, system, software, hospitality industry, customer
This paper discusses the information systems aspect of customer relationship management (CRM).
Term Paper # 103649 |
1,760 words (
approx. 7 pages ) |
12 sources |
APA | 2008
|
$ 34.95
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Abstract
This paper discusses customer relationship management (CRM) across industry in general. The historical development within the call center environment is first examined and then its adoption by other industries in order to capitalize more effectively on customer data is examined. The paper concludes that data and data management is increasingly at the core of CRM functionality.
Table of Contents:
Executive Summary
Overview
High-Level Description
Business Strategies
Users of the Systems
Detailed Description
Applications
Success
Failure
Conclusion
From the Paper
"The consumers of CRM applications and technology are primarily larger firms with more than 500 employees and typically operating in more than one market. The popularity and ease of installation of many lesser known CRM applications has meant that almost any firm of any size can install and apply CRM to one degree or another with the only primary difference between them and larger companies being the degree of integration achieved across platforms and across the organization."
Tags:customization applications functionalities, call center, data mining
This paper explores whether the current profile of customer relationship management (CRM) deployment across industry has been effective and what, if any, future relevance CRM will have in these industries.
Essay # 100327 |
2,015 words (
approx. 8.1 pages ) |
13 sources |
APA | 2007
|
$ 38.95
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Abstract
This paper explains that customer relationship management CRM allows organizations to develop a closer relationship with customers and to monetize the data and information, which would normally lay dormant within untouched massive databases. The author points out that CRM has become a business differentiator and especially has become relevant for e-commerce applications that find a ready infrastructure in which to be integrated. The paper suggests that the single most prevalent reason for the failure of CRM to deliver on expected returns is an organization that focuses too much on the data analysis function and loses sight of the actual customer transactions that are the most important part of the business process.
Table of Contents:
Research Hypothesis
Introduction
Technology Background
Historical
Technology
How It Functions
Suppliers
Consumers
Application of the Technology
Organizational Use
Applications
Strengths
Weaknesses
Success
Failure
Future Trends
The Future
Forces of Change
Conclusions
From the Paper
"Retail banking has taken a leading role in deploying e-commerce and e-business functionality in relation to its CRM initiatives. On-line banking has become a fact of life and hardly any commercial and consumer banking institution would consider going to market without these services integrated into its CRM portfolio." . Retail banking institutions have mastered the art of on-line bill paying, transfers, deposits, and account management to the degree that many customers simply do not feel the need or the desire to visit the bank."
Tags:e-commerce, portfolio, banking, software, databases
An investigation into effective customer relationship management strategies for the 21st century.
Research Paper # 53245 |
5,900 words (
approx. 23.6 pages ) |
21 sources |
MLA | 2004
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$ 84.95
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Abstract
This paper looks at how shifts in consumer behavior are frequently perceived to be inexplicable to marketers, who scratch their collective heads and wonder what can be done to improve or even salvage existing market share. It attempts to identify what part brand loyalty plays in an effective customer relations management strategy and to determine what businesses can do to maximize this feature in maintaining existing and achieving additional market share through their existing or improved customer relationship management (CRM) strategies.
From the Paper
"During the late 1980's it was observed that many consumer products firms have followed the strategy of producing multiple brands which compete in the same product category. This strategy is perhaps best exemplified by the brand management philosophy of package goods firms such as Procter & Gamble, widely regarded as the pioneer of this strategy (Schiller 1988). The underlying rationale with this approach was that it is better for a consumer to choose between several of a company's own products than to choose between those of other firms. The multi-brand strategy demonstrates that multinational corporations often conceal the manufacturers of their products or the name of their core brand while entering the market with multi brands or sub-brands."
Tags:marketing, mass, target
This paper looks at customer relationship management (CRM) within industry.
Analytical Essay # 130557 |
2,250 words (
approx. 9 pages ) |
0 sources |
APA |
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$ 41.95
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Abstract
In this article, the writer discusses customer relationship management (CRM) across industry in general. The historical development within the call center environment is first examined and then its adoption by other industries in order to capitalize more effectively on customer data is examined. The writer maintains that CRM allows organizations to develop a closer relationship with customers and to monetize the data and information that would normally lay dormant within massive databases relatively untouched. The writer concludes that the single most prevalent reason for failure of CRM to deliver on expected returns is an organization that focuses too much on the data analysis functionality and loses sight of the actual customer transactions that are the most important part of the business process.
Tags:customer, relationship, management
This paper discusses the current effectiveness of customer relationship management (CRM).
Analytical Essay # 130745 |
1,500 words (
approx. 6 pages ) |
6 sources |
APA |
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$ 29.95
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Abstract
In this article, the writer argues that customer relationship management (CRM) is not something to be taken lightly; in other words, it is an efficacious means of prioritizing customers and in developing insight into new prospects. With this in mind, the writer looks at the history of CRM, what it entails, the sorts of applications it can be used for, what its strengths and weaknesses are, and its future.
From the Paper
"... every bit as importantly - what the future holds out for this relatively new business innovation. As an addendum, the following research paper provides a great deal of insight into how the relationship between customers and businesses has evolved even in the last generation as the public becomes more educated and as consumers become more discerning and demanding."
Tags:customer, relationship, management
An examination of customer relationship management (CRM) software environment vis-a-vis the airline industry and in particular British Airways.
Essay # 86795 |
2,700 words (
approx. 10.8 pages ) |
5 sources |
2005
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$ 48.95
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Abstract
The following research examines the customer relationship management (CRM) software environment vis-a-vis the airline industry and in particular British Airways (BA). After a brief recap of the airline industry currently and the history of the airlines general migration to CRM applications as a response to market events such as 9/11, a particular CRM related solution is proposed that can be integrated into current technologies.The paper examines the development of an individualized customer media center that incorporates many of the extant functional technologies into a customizable web-space that each consumer is awarded after a certain amount of frequent flier miles.
Tags:british, airways, crm
This paper is a complete research study, including an extensive literature review, exploring how pharmaceutical companies can achieve long term customer relationship in Gulf council countries (GCC).
Research Paper # 98430 |
11,070 words (
approx. 44.3 pages ) |
63 sources |
APA | 2007
|
$ 131.95
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Abstract
This paper explains that the independent variables for this study about customer relationship management (CRM) are (1) I.T. infrastructure, (2) top management support, (3) team building, (4) role specification, (5) communication, (6) common bond (7) planning process, (8) system integration, (9) employee motivation and (10) monitoring processes. The author reports that the study methodology involved an online questionnaire used to survey 100 doctors, pharmacists and other health and financial authorities in Kuwait. The paper includes many statistics and tables.
Table of Contents:
Introduction
Literature Review
Principles of CRM?
Benefits of CRM
Trends of CRM Formation
Why CRM Fail?
CRM Strategy
Limitations of CRM
CRM in Global Context or in Developing Countries
CRM Performance Indicators
Factors Influencing CRM Performance
General Framework of the Study
Research Hypotheses
I.T. Infrastructure
Top Management Support
Team Building
Role Specification
Communication
Common Bond
Planning Process
System Integration
Employee Motivation
Monitoring Processes
Methodology
Research Design
Sampling Unit
Sampling Frame
Method of Selecting the Sample Elements
Participants
Data Collection
Scale Development
Data Analysis
Dependent Variable
Independent Variables
Questionnaires
Reliability and Validity of the Results
Delimitations
Ethical Issues
Results, Data Analysis and Discussion
Results
Question 1
Hypothesis Testing Of Regression B/W IT Infrastructure and CRM
Statements
Calculation
Question 2
Hypothesis Testing of Regression B/W Top Management Support and CRM
Statement
Calculation
Question 3
Hypothesis Testing of Regression B/W CRM and CRM-Teams
Statement
Calculation
Question 4
Hypothesis Testing of Regression B/W CRM and Role Specification
Statement
Calculation
Question 5
Hypothesis Testing of Regression B/W CRM and Communication
Statement
Calculation
Question 6
Hypothesis Testing of Regression B/W CRM and Common Bonds
Statement
Calculation
Question 7
Hypothesis Testing of Regression B/W CRM and Planning Process
Statement
Calculation
Question 8
Hypothesis Testing of Regression B/W CRM and System Integration
Statement
Calculation
Question 9
Hypothesis Testing of Regression B/W CRM and Employee Motivation
Statement
Calculation
Question 10
Hypothesis Testing of Regression B/W CRM and Monitoring Process
Statement
Calculation
Significance and Conclusion
Who Should Use CRM?
Implications
The Future of CRM?
Conclusion
From the Paper
"The fourth question explored the relationship between CRM and role specification. Question five explores the relationship between CRM and communication. The answers of the respondents have been summarized in Table 5.1. Thirty four (34) respondents asserted that it is "extremely likely" that companies with clear communication patterns will be highly successful in maintaining long-term CRM. Ten (10) respondents asserted that it is "Quite likely" that companies with clear communication patterns will be highly successful in maintaining long-term CRM."
Tags:investment, strategy, model, principles, over-concentration
This paper explores how a customer relationship management (CRM) strategy can improve Wal-Mart's customer satisfaction levels.
Case Study # 101781 |
2,528 words (
approx. 10.1 pages ) |
15 sources |
MLA | 2008
|
$ 46.95
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Abstract
The paper focuses on the declining trend in its customer satisfaction metrics within Wal-Mart's retail locations. The paper examines how a customer relationship management (CRM) initiative can reverse this. The paper shows how, for Wal-Mart, its CRM strategy must be anchored with an emphasis on personnel driven CRM solutions within the store, since its IT infrastructure and related CRM technology platforms are already industry leading applications. The paper explains how Wal-Mart can create a personal relationship with its customers and the closest retail location to those customers.
Outline:
Overview
CRM in Detail
An Example of CRM at Work
CRM's E-Commerce Solutions
Emergent Models
Conclusion
From the Paper
"CRM strategies have been in existence since commerce became a human endeavour and companies have historically always sought to satisfy their customers. Often an organization's CRM strategy is nothing more than a business owner's attempt to build a relationship with the organization's customers and this aspect still rests with executive leadership today (De Koning & Maravanyika). However, in the contemporary retail business environment CRM has been appropriated by IT applications and products designed to automate CRM efforts. Companies are rushing to automate and better manage their methods in which they have traditionally dealt with customers, including people who might not be considered customers yet, as well as develop completely new concepts in managing the customer from a service perspective. CRM applications incorporate the business functions of marketing materials, developing and maintaining customer histories, and coordinating a company's multi-faceted approach to interactions with customers."
Tags:technology, consumer, metrics, personalization, feedback
This paper explores customer relationship management (CRM) and why it is a vital practice to businesses for attracting and maintaining customers.
Research Paper # 117705 |
1,642 words (
approx. 6.6 pages ) |
14 sources |
APA | 2009
|
$ 32.95
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Abstract
This paper discusses how managing effective relationships with customers has become increasingly important in the era of constrained resources and global competition. The paper explains how customer relationship management (CRM) encompasses all tools, strategies and other technology-based capabilities that help a business organize and manage its customer relationships. Specifically, the paper outlines the goals CRM attempts to achieve in organizations and emphasizes how CRM is essential for a business' long-term survival and success.
Outline:
Abstract
Introduction
CRM Discussion
How to Use CRM in Business
CRM and Business Strategy
Implementation Considerations & Recommendations
Conclusion
From the Paper
"CRM is a technology utilized by organizations to shine the focus of the company on the customer through various strategies. With CRM, companies hope to create "lasting and meaningful relationships with the organization's most valuable customers or clients" (Hallenbeck, 2007). According to The Center for Customer Strategy, as referenced by Levit, consumers are looking for products and services that offer added value, as opposed to buying something based on small differences in prices. CRM has proven to be one of the most controversial topics, as well as one of the most rapidly expanding businesses, since the late 1990's (Foss, Stone, & Ekinci, 2008)."
Tags:information, technology, public, relations, employees