Customer Relationship Management
₹160.00
TYBMS — SEMESTER – V
Author: Jia Makhija
SEVENTH REVISED EDITION 2024
Description
Syllabus
(1) Introduction to Customer Relationship Management:
- Concept, Evolution of Customer Relationships: Customers as Strangers, Acquaintances, Friends and Partners.
- Objectives, Benefits of CRM to Customers and Organisations, Customer Profitability Segments, Components of CRM: Information, Process, Technology and People, Barriers to CRM.
- Relationship Marketing and CRM: Relationship Development Strategies: Organizational Pervasive Approach, Managing Customer Emotions, Brand Building through Relationship Marketing, Service Level Agreements, Relationship Challenges.
(2) CRM Marketing Initiatives, Customer Service & Data Management:
- CRM Marketing Initiatives: Cross-Selling and Up-Selling, Customer Retention, Behaviour Prediction, Customer Profitability and Value Modeling, Channel Optimization, Personalization and Event-Based Marketing.
- CRM and Customer Service: Call Center and Customer Care: Call Routing, Contact Center Sales-Support, Web Based Self Service, Customer Satisfaction Measurement, Call-Scripting, Cyber Agents and Workforce Management.
- CRM and Data Management: Types of Data: Reference Data, Transactional Data, Warehouse Data and Business View Data, Identifying Data Quality Issues, Planning and Getting Information Quality, Using Tools to Manage Data, Types of Data Analysis: Online Analytical Processing (OLAP), Clickstream Analysis, Personalisation and Collaborative Filtering, Data Reporting.
(3) CRM Strategy, Planning, Implementation & Evaluation:
- Understanding Customers: Customer Value, Customer Care, Company Profit Chain: Satisfaction, Loyalty, Retention and Profits.
- Objectives of CRM Strategy, The CRM Strategy Cycle: Acquisition, Retention and Win Back, Complexities of CRM Strategy.
- Planning and Implementation of CRM: Business to Business CRM, Sales and CRM, Sales Force Automation, Sales Process / Activity Management, Sales Territory Management, Contact Management, Lead Management, Configuration Support, Knowledge Management.
- CRM Implementation: Steps: Business Planning, Architecture and Design, Technology Selection, Development, Delivery and Measurement.
- CRM Evaluation: Basic Measures: Service Quality, Customer Satisfaction and Loyalty, Company 3E Measures: Efficiency, Effectiveness and Employee Change.
(4) CRM New Horizons:
- e-CRM: Concept, Different Levels of E-CRM, Privacy in E-CRM:
- Software App for Customer Service:
- Activity Management, Agent Management, Case Assignment, Contract Management, Customer Self Service, Email Response Management, Escalation, Inbound Communication Management, Invoicing, Outbound Communication Management, Queuing and Routing, Scheduling.
- Social Networking and CRM.
- Mobile-CRM.
- CRM Trends, Challenges and Opportunities.
- Ethical Issues in CRM.