2. INTRODUCTION
The CRM is a strategy which helps employees of an
organization to analyze customer information and get to
know their customers better. With knowledge of their
customers they can serve them better.
4. DEFINITION
“An integrated effort to identify, maintain, and build up a
network with individual consumers and to continuously
strengthen the network for the mutual benefit of both
sides, through interactive, individualized and value added
contacts over a long period of time”-by Shani and Chalasani
(1992) .
18. BENEFITS OF CRM
Provides better Customer Service
Increase Customer Revenues
Discover new Customers
Simplify Marketing and Sales Process
Helps to develop better communication channel
Facilitates cross-selling and up-selling
Track the customer contacts
19. CRM FAILURES
Implementation costs
Fail to Meet Expectations
Initiatives driven by technology
Poorly implemented
Lack of communication b/w everyone in customer
relationship chain
Technology being implemented without proper support
Lack of training to the staff
21. CASE STUDY
The hotel industry uses technology
Develop sophisticated websites
To enable online booking
To collect information
To use the data they have collected to offer loyalty
packages to profitable customers.