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XIM, Bhubaneswar
October 15 16, 2014
SASHIKANT MOHANTY
CRM
XIM, Bhubaneswar
October 15 16, 2014
SASHIKANT MOHANTY
Customer Defection
Customer Involvement
What is changing?
What is CRM
A strategy used to learn more about customers needs and behaviors in order to develop
stronger relationships with them. CIO
Customer Relationship Management (CRM) is a strategy for managing all your companys
relationships and interactions with your customers and potential customers. It helps you
improve your profitability. Salesforce
A way to identify, acquire, and retain customers, a business greatest asset. - Siebel
CRM is a framework of processes to maximize revenues through effective management of prospects and
customers by systematic qualification, acquisition and retention.
RFM
How recently a customer purchased items
How frequently a customer purchased items
How much a customer spends on each purchase
(monetary value)
Pipeline Management
Lead Generation Process
Marketing, Sales
Business Development
Marketing
Sales
Channel Partners
Sales + Technical
Sales + Technical
Sales + Finance +
Operations
Sales + Finance
Sales (+ Corporate
Executives)
Constituents of CRM
FINANCIALS
SALES
SERVICE
ANALYTICS
MARKETING
Additionally, they welcome proposals that demonstrate the bidders understanding of the business, knowledge of the market,
relevant technology aids
What would be the key evaluation criteria for selection for the package? Suggest weightage youd associate with each
What are the areas you expect vendors to focus on should they be pitching a strong business case?
Who would you choose as partners in the evaluation process, that you expect to consult or engage to make the process
comprehensive? What areas would you expect them to contribute?
CRM: Summary
CRM has become a subject of strategic interest for Corporations, to stay
relevant in business, to increase sales-force productivity, to provide
single window of information thereby be differentiated competitively
eventually to increase revenues and return better value to customers,
investors and shareholders.
Challenges:
Business Managers ability to use leverage CRM is limited because of
lack of financial information
Head of Marketing/ Business Managers to take decisions on resource
allocation across options require information on business
performance by territory, product, channel etc, trends and outlook
To be competitive you need scenario planning skills and hence
advanced modelling capabilities
MOBILE
CRM
CRM ON
CLOUD
SOCIAL
CRM
Interaction