Customer Relationship Management (CRM) is a buzz word in marketing. Each year more and more is spent on software-based systems for managing customer relationships. Yet there is growing evidence that many of these systems do not add value and that many may in fact harm customer relationships.
Susan Foreman reviews this evidence as well as providing useful pointers to how CRM can be implemented successfully in organisations.
Get full access to this article
View all access options for this article.
References
1.
CoylesStephanie, GokeyTimothy C.‘Customer retention is not enough’The McKinsey Quarterly, 2002, Number 2.
2.
RogersBeth‘Measurement & Analysis for Marketing’.Journal of Marketing, September 2003, Vol. 12, Issue 1.
ZahayDebra, GriffinAbbie‘Customer Learning Processes, Strategy Selection and Performance in Business-to-Business Service Firms’, Decision Sciences’, Spring 2004, Volume 35, No. 2.
5.
ThomasJacquelyn S, ReinartzWener, KumarV.‘Getting the most out of all your customers’Harvard Business Review, July – August 2004.
6.
VandermerweSandra‘Achieving Deep Customer Focus’Sloan Management Review, Spring 2004.