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1. Acknowledgement………………………………………2
2. Objective………………………………………………...3
3. Introduction……………………………………………..5
4 Fundamental Business Building Database Tactics…………8
9. Bibliography ……………………………………………….
INTRODUCTION
Did you know the cost to gain new customers is 7-10 times greater
than the cost of retaining existing customers? When you stop to
consider that the average business will lose nearly half its customers
within a five-year period, the need to leverage existing relationships to
gain new customers becomes a matter of survival.Customer
Relationship Management is the establishment, development,
maintenance and optimization of long-term mutually valuable
relationships between consumers and the organizations. Successful
customer relationship management focuses on understanding the needs
and desires of the customers and is achieved by placing these needs at
the heart of the business by integrating them with the organization's
strategy, people, technology and business processes.At the heart of a
perfect CRM strategy is the creation of mutual value for all the parties
involved in the business process. It is about creating a sustainable
competitive advantage by being the best at understanding,
communicating, and delivering, and developing existing customer
relationships in addition to creating and keeping new customers. So the
concept of product life cycle is giving way to the concept of customer
life cycle focusing on the development of products and services that
anticipate the future need of the existing customers and creating
additional services that extend existing customer relationships beyond
transactions.
Tactically, it involves:
A. Compiling all sources of prospect and customer knowledge
B. Positively identifying all-important accounts
C. Developing an ideal customer profile by applying
firmographic attributes
D. Building a universe of all other companies similar to those
where
you do well
E. Acquiring the names of key players in the companies
of your universe
F. Generating responses (well qualified leads) from key
players at companies in your universe
Using this method, all of your new leads are from companies that
your sales force regards as important. And, all of those companies
are “pre-qualified” as those that look like your best customers.
How CRM can help you increase revenue . Here are 10 direct ways in
which a well planned CRM implementation can do exactly that.
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Studies have shown that the use of sales goals and/or quotas both for the
organization and for individual salespeople has a significant positive
influence on sales performance. Goals and/or quotas help us to benchmark
expected levels of company and individual performance . Shortfalls in
meeting sales and marketing goals prompt us to rethink our strategy and
refocus our efforts to get us “back on track”. When gauged against
historical, external, and internal performance , goals and/or quotas become
powerful success tools. CRM can provide an enterprise with the ability to
easily manage and track goals and quotas in a many areas such as lead
generation, closed sales, quotes outstanding, contacts made, and more.
4. Accurately forecast sales pipeline
All too often sales managers come up on the end of the sales period and
find they have not met their planned sales commitments. Unfortunately,
very little can be done to remedy the situation at the time. CRM can
provide the sales management team with the ability to easily predict future
sales in a number of powerful ways such as revenue by month, by product,
by sales stage, by region, and by salesperson. This can provide valuable
insight into what working and what not, bottlenecks in the sales process,
poor performance, etc. If sales projections suggest company goals will not
be met, this can be identified well in advance and potentially remedied.
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5. Replicate and institute proven sales methodologies throughout your
sales organization!
A good CRM solution will allow your organization to institute an
automated and proven sales process that replicates the practices used
by your top performers. Standardized and automated activity creation,
sales stage progression, and close probability forecasting will make it
easy for sales representatives to implement the process in their day to
day activities and will provide the organization with a consistent
method of tracking performance and forecasting the sales pipeline.
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Consider the value!
Consider the value of acquiring just a few of these capabilities within
your organization. Would these capabilities increase your sales and
marketing success by 10%, 20%, or even more? For most businesses,
even a modest 5% increase in revenue generation will return the
investment in a well planned CRM solution in 3 to 4 months. A 10%
increase typically results in a payback period of around 2 months. The
point is, the value in CRM is there. However, it is worth investing the
resources to roll out a CRM initiative strategically so this value can be
realized. This means planning and training.
If rolled out correctly, a good CRM system can help your business achieve
new levels of revenue growth.
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Nearly three-quarters of a century ago, two
brothers-in-law shared a dream to create an
innovative ice cream store that would be a
neighborhood gathering place for families.
Burton "Burt" Baskin andIrvine "Irv"
Robbins had a mutual love of old-fashioned
ice cream and the desire to provide customers
a variety of flavors made with ingredients of
the highest quality in a fun, inviting atmosphere.
As a teen, Irv worked in his father's ice cream store. During World War II,
Burt was a Lieutenant in the U.S. Navy and produced ice cream for his fellow
troops. When the war was over, the two entrepreneurs were eager to capitalize
on America's love of ice cream.
They started out in separate ventures at the advice of Irv’s father. In 1945, Irv
opened Snowbird Ice Cream in Glendale, California. His store featured 21
flavors and emphasized high-quality ice cream sold in a fun, personalized
atmosphere. A year later, Burt opened Burton's Ice Cream Shop in Pasadena,
CA. By 1948, theyhad six stores between them. This concept eventually grew
into Baskin-Robbins.
It wasn’t until 1953 that the ice cream chain dropped the separate identities of
Snowbird and Burton's and became Baskin-Robbins. A local advertising
agency, Carson/Roberts, advised a uniform identity and image under the name
Baskin-Robbins 31 Ice Cream. Their recommendations included the "31®"
logo to represent a flavor for every day of the month, Cherry (pink) and
Chocolate (brown) polka dots to be reminiscent of clowns, carnivals and fun
and lastly, the use of cartoons to bring their flavors alive with personality to
graphically highlight the name and delicious ingredients. With this over-
arching branding, Baskin-Robbins' iconic pink spoons were created with the
belief that people should be able to try any of their many flavors without cost.
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In 1954, Baskin-Robbins put their product
on the line against their competitors at the
Los Angeles County Fair. That year they
won their first Gold Medal and set the
pattern for county and state fair
participation, earning Gold Medals for
Baskin-Robbins Ice Cream every year since
that first contest.
The franchise model created by Burt and Irv decades ago is still used by
Baskin-Robbins today. We are 100% franchised, with each owner holding a
stake in the business' success, while product development and merchandising
are handled at Baskin-Robbins headquarters. This hands-on, small business
approach allows franchisees the ability to create a strong presence in local
communities all over the world. Through this franchise business model, we
continue to provide innovative, high-quality ice cream treats to more than 150
million customers worldwide. And as a result, Baskin-Robbins has grown to
become the world's largest chain of ice cream specialty stores, with more than
2,800 locations throughout the United States and 5,800 around the globe.
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.
Since
1945,
we've
introduced
more than
1,000
unique,
fun and
delicious
ice cream
flavors. Our original top-selling flavors like
Mint Chocolate Chip and Pralines 'n Cream
continue to delight millions worldwide. Still,
we continue to consistently introduce new,
exciting flavor combinations, as well as ice
cream industry-leading innovations such as
hand-packed ice cream quarts, a unique
flavor ribbon technique, the use of
traditional dessert ingredients and the
introduction of mousse-textured ice creams.
From our introduction of signature ice cream
cakes and the growing line of beverages,
including our signature Cappuccino Blast®,
our commitment to creating new and
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exciting products is unsurpassed in the
industry. It’s all part of our mission to make
the Baskin-Robbins neighborhood a tasty,
fun place for our customers.
BR GIFT
The Gift Certificate entitles the young and young at heart to a great treat at
any outlet.
Amazing variety of flavours, beverages and Sundae that cater to a wide range
of tastes.
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PROMOTIONAL CAMPAIGN
Spider man 3
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The lovestorey 2050 campaign
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Company profile :- Fast ‘n Fresh
VISION STATEMENT
In five years, Fast ‘n Fresh Ice Cream will be established in METRO
AND SEMI METRO CITIES, and expansion plans will be developed for
company owned and franchise locations in other CITIES.
VISION TRIGGER
The main vision trigger will be the catchy slogan: “Fast ‘n Fresh - -
good for you!” The vision trigger will emphasize the premium quality of its
products as well as representing that everything about the business will be
good for its customers. This will include fast service, inviting décor, healthy,
premium quality foods, and a selection broad enough to meet the needs of
individual customers.
BUSINESS OBJECTIVES
Fast ‘n Fresh Ice Cream will have these business objectives during its first
three years of operation:
1. Cash break-even by the end of its first year of operations.
2. Cash reserves before taxes of $20,000 by the end of its second
year of operations.
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3. Cash reserves before taxes of $40,000 by the end of its third year
of operations.
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.
Free Sampling
To promote and let the people who have not yet tested the product compnies
use the technique called free sampling. And have done free sampling to
make sure that people are aware of the product and also to get the feed back
out of the customers to make sure if there are any lags in the product.
Carnivals
FAST N FRESH have worked their way in the customers heart by knowing
them in every way. They try to promote their products and make sure that
their product is available in carnivals and all special events that are taking
place.
Fun Fair
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One way to have direct contact with the customer is to promote different fun
fair all over the country. This way existing customer and new customer both
are easily targeted.
Value Addition
Banners
An effective way to add customer value towards the product is to display
banners and bill boards all over the city so that customer are aware of their
brand and make them feel proud about their brand.
T.V Commercials
T.V commercials are very effective and excellent way to promote the product
and also to increase the value of customers. Its easy way to reach the
customers mind and create a positive image towards a brand
Posters
Posters are cheap and easy to display way to reach into customers mind and
create a positive view of the brand and also to increase the value a customer
holds towords the product and engro food have worked hard to gain this
position
1 :-WWW.BR31.COM
2:-WWW.SLIDESHARE.COM
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Books
CRM BY S.C. BALASHANKAR
CRM BY H. PEERU MOHAMED AND A.SAGADEVAN
NEWS PAPER
Times of India
Hindustan Times
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