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From the outside, customers
interacting with a company
perceive the business as a
single entity, despite often
interacting with a number of
employees in different roles
and departments. CRM is a
combination of policies,
processes, and strategies
implemented by an
organization to unify its
customer interactions and
provide a means to track
customer information. It
involves the use of
technology in attracting new
and profitable customers,
while forming tighter bonds
with existing ones.
CRM software is used to
support these processes;
information about customers
and customer interactions
can be entered, stored and
accessed by employees in
different company
departments. Typical CRM
goals are to improve
services provided to
customers, and to use
customer contact information
for targeted marketing.
CRM initiatives often fail
because implementation was
limited to software
installation, without
providing the context,
support and understanding
for employees to learn, and
take full advantage of the
information systems. CRM can
be implemented without major
investments in software, but
software is often necessary
to explore the full benefits
of a CRM str
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