20-06-2011, 09:43 AM
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CUSTOMER RELATIONSHIP MANAGEMENT
A CRM is a collection of people, processes, software, and internet capabilities that helps an
enterprise manage customer relationship effectively and systematically. The goal of CRM is to
understand and anticipate the needs of current and potential customer to increase customer
retention and loyalty while optimizing the way product and services are sold.
CRM stands for Customer Relationship Management. It is a strategy used to learn more about
customer's needs and behaviors in order to develop stronger relationships with them. After all,
good customer relationships are at the heart of business success. There are many technological
components to CRM, but thinking about CRM in primarily technological terms is a mistake. The
more useful way to think about CRM is as a process that will help bring together lots of pieces
of information about customers, sales, marketing effectiveness, responsiveness and market
trends
The objective is to capture data about every contact a company a company has with a
customer through every channel and store it in the CRM system to enable the company to truly
understand customer action. CRM software helps an organization build a database about its
customer that management, sales people, customer service provider and even customer can
access information to access customer needs with product and offering.
Marketing Automation
is the most comprehensive campaign management solution available.
It provides everything needed to turn raw, disparate customer data into profitable marketing
campaigns – all the way through inception, execution and measurement.
Marketing Optimization
applies sophisticated mathematical approaches to optimize
marketing campaign ROI given limited budgets, channel capacities and other organizational
constraints