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PRESENTED BY VARSHA RANA  PG-06-095 VISHAL WADEKAR PG-06-119 Successful Customer Relationship Marketing IBM
It is  a Comprehensive Strategy and Process of Acquiring , Retaining, and Partnering with  “Selective Customers”  to create Superior Value for the Company and Customer . Defining CRM
C-MAT Model ,[object Object],[object Object],[object Object],[object Object]
Analysis and Planning ,[object Object],[object Object],[object Object],[object Object]
process People and Organization Technology Measuring the effect CM Activity Targeting Enquire management Welcoming Know customers Customer development Managing problems Win back The customer Experience competitors The Proposition Analysis and planning
C-Mat Model ,[object Object],[object Object],[object Object]
C-Mat Model ,[object Object],[object Object],[object Object],[object Object]
Integrating customer data into CRM Strategy ,[object Object],[object Object]
The Quantitative Study ,[object Object],[object Object],[object Object]
Results ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Strategic data analysis for CRM ,[object Object],[object Object],[object Object],[object Object]
The product Dimension ,[object Object],[object Object],[object Object]
The Customer Dimension ,[object Object],[object Object],[object Object],[object Object]
The Customer Optimizer ,[object Object],[object Object],[object Object],[object Object],[object Object]
Data mining and warehousing ,[object Object]
Aspects of Data Mining ,[object Object],[object Object],[object Object]
Why use data mining in marketing ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
Discovery lead- ,[object Object],[object Object],[object Object],[object Object]
Discovery Led Work ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
When to use a particular technique
Does the problem involve sequencing or time dependencies Does the problem involve summarizing variation in the data USE CORRELATION USE SEGMENTATION Is the main interest in broad class or usual class Look for deviation .  USE DEVIATION ANALYSIS USE PROPENSITY ANALYSIS Does the problem involve predicting Behaviour Look for classes Yes Yes Yes Yes No No
Data mining interactive analysis Marketing and sales application Data mining application Data mining analysis function Data warehouse External databases Other databases Operational database RELATIONSHIP BETWEEN DATA MINING AND DATA WAREHOUSING
Analysis Requirement ,[object Object],[object Object],[object Object],[object Object],[object Object]
Pre-Relationship Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Continuing Relationship Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
Customer Recruitment, Retention and Competitive Defence ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]
Sharing customer data in the Value Chain ,[object Object],[object Object],[object Object],[object Object]
Arguments for sharing customer knowledge ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Arguments Against sharing customer knowledge ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reasons for sharing of customer knowledge ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Integrating customer management system ,[object Object],[object Object],[object Object],[object Object]
Data Cycle Campaign Optimization Campaign Execution Results Measurements Learning & Feedback Data Provision Data analysis or mining Common  Data
The intelligent supply Chain ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
“e Value Chain Processes” ERP SCM eCom CRM PDM Integrated Transaction Store Optimize Business Process Engage Business Partners Nurture & Sustain Relationship Products to Market Faster
e-hub Buy-side tools Sell-side tools e-hub Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller
Buyer value proposition ,[object Object],[object Object],[object Object],[object Object]
Seller Value Proposition ,[object Object],[object Object],[object Object],[object Object]
Market maker value proposition ,[object Object],[object Object],[object Object]
Customer Value Management (CVM) ,[object Object],[object Object]
CVM-Driven process ,[object Object],[object Object],[object Object],[object Object],[object Object]
Wireless customer management ,[object Object],[object Object]
Pervasive Wireless Devices ,[object Object],[object Object],[object Object]
Principles of Mobile Customer Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
Create Smart wireless devices  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Major financial beneficiaries ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The sectors affected ,[object Object],[object Object],[object Object],[object Object],[object Object]
Stages of Relationship ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Smart Cards ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]
Global Customer Management ,[object Object],Amount & complexity of information that can be transferred cost-effectively Digital TV World Wide Web Mobile Fixed Telephony Diffusion level in the population
Changing Customer Management ,[object Object],[object Object],[object Object]
Customer Management Through people ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
New competencies developed by Organizations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sector studies
Managing CRM in travel Industry include ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
DEFINITION OF SERVICES SERVICE TYPE NATIONAL Multinational  International To whom Customers experience service in one country only Customers experience service in one country only from company supplying in several countries Customers experience service in more than one country Examples Many customers of small firms Customers of multinational consumer goods companies User of international travel and communication Main competitive issue Identify service needs of local customers monitor competitor’s service standards  As for nationals, plus development competitive advantage by transferring best practice from other countries  A for Multinationals, plus identify international service needs of customers  monitor international service needs of customers and monitor international competitor’s service standards Focus of service delivery Full range of technique –systems standards, recruitments and training etc used to attune delivery to customer needs As for national, plus….. Head office may focus on whether methodology being followed and right infrastructure exist  Very strong focus on how people from different cultures handle people from different culture
Managing CRM in Airlines ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],THE NEED OF FREQUENT FLYER
The frequent flyer behavior airlines want to manage  ,[object Object],[object Object],[object Object]
How airlines manage customers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CRM in RETAILING ,[object Object],[object Object],[object Object],[object Object],[object Object]
Strategies for managing loyal retail customers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Communication ,[object Object],[object Object],[object Object]
CRM in Automotive Example-students, employed person, housewife, retired person National fleets, car rentals, leasing companies, local and central government, other public organizations
Beyond the basic vehical ,[object Object],[object Object],[object Object],[object Object],[object Object]
Distribution Channel Evolution ,[object Object],[object Object],[object Object]
1.Car supermarkets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.Direct selling by automotive manufacturers ,[object Object],[object Object],[object Object],[object Object]
CRM applications of call centers  Targeting Outbound telemarketing to prospect list generated from internet and coupon campaign Acquisition Booking test drive, perhaps ordering too Welcoming Welcome and introduce call for every purchase Account management-Retention Replacement cycle calling at timed intervals before expected replacements Account management-Development Campaigns to cross sell and up sell (eg. warranties, accessories, financial services) to the buyers and to family members Intensive care-Service Problem Ensure availability to handle complaints, allow easier complaint tracking  Intensive care- customer change Regular calling cycle to collect data on an y changes in need Pre-divorce Extra careful ‘listening’ in call center; triggering urgent action; active calling to identify what else can be done to help customers Divorce Outbound call to protect brand and offer route back Win back  Out bound telemarketing
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Strategic challenges in customer management
Consumer Durables ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The modelling process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Utilities and telecommunication ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The changing focus on customer service ,[object Object],[object Object],[object Object],[object Object]
Customer retention  ,[object Object],[object Object],[object Object]
Systems for utility customer management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Required business functionalities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 

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Successful Customer Relationship Marketing Strategies

  • 1. PRESENTED BY VARSHA RANA PG-06-095 VISHAL WADEKAR PG-06-119 Successful Customer Relationship Marketing IBM
  • 2. It is a Comprehensive Strategy and Process of Acquiring , Retaining, and Partnering with “Selective Customers” to create Superior Value for the Company and Customer . Defining CRM
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  • 5. process People and Organization Technology Measuring the effect CM Activity Targeting Enquire management Welcoming Know customers Customer development Managing problems Win back The customer Experience competitors The Proposition Analysis and planning
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  • 21. When to use a particular technique
  • 22. Does the problem involve sequencing or time dependencies Does the problem involve summarizing variation in the data USE CORRELATION USE SEGMENTATION Is the main interest in broad class or usual class Look for deviation . USE DEVIATION ANALYSIS USE PROPENSITY ANALYSIS Does the problem involve predicting Behaviour Look for classes Yes Yes Yes Yes No No
  • 23. Data mining interactive analysis Marketing and sales application Data mining application Data mining analysis function Data warehouse External databases Other databases Operational database RELATIONSHIP BETWEEN DATA MINING AND DATA WAREHOUSING
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  • 34. Data Cycle Campaign Optimization Campaign Execution Results Measurements Learning & Feedback Data Provision Data analysis or mining Common Data
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  • 36. “e Value Chain Processes” ERP SCM eCom CRM PDM Integrated Transaction Store Optimize Business Process Engage Business Partners Nurture & Sustain Relationship Products to Market Faster
  • 37. e-hub Buy-side tools Sell-side tools e-hub Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller
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  • 58. DEFINITION OF SERVICES SERVICE TYPE NATIONAL Multinational International To whom Customers experience service in one country only Customers experience service in one country only from company supplying in several countries Customers experience service in more than one country Examples Many customers of small firms Customers of multinational consumer goods companies User of international travel and communication Main competitive issue Identify service needs of local customers monitor competitor’s service standards As for nationals, plus development competitive advantage by transferring best practice from other countries A for Multinationals, plus identify international service needs of customers monitor international service needs of customers and monitor international competitor’s service standards Focus of service delivery Full range of technique –systems standards, recruitments and training etc used to attune delivery to customer needs As for national, plus….. Head office may focus on whether methodology being followed and right infrastructure exist Very strong focus on how people from different cultures handle people from different culture
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  • 65. CRM in Automotive Example-students, employed person, housewife, retired person National fleets, car rentals, leasing companies, local and central government, other public organizations
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  • 70. CRM applications of call centers Targeting Outbound telemarketing to prospect list generated from internet and coupon campaign Acquisition Booking test drive, perhaps ordering too Welcoming Welcome and introduce call for every purchase Account management-Retention Replacement cycle calling at timed intervals before expected replacements Account management-Development Campaigns to cross sell and up sell (eg. warranties, accessories, financial services) to the buyers and to family members Intensive care-Service Problem Ensure availability to handle complaints, allow easier complaint tracking Intensive care- customer change Regular calling cycle to collect data on an y changes in need Pre-divorce Extra careful ‘listening’ in call center; triggering urgent action; active calling to identify what else can be done to help customers Divorce Outbound call to protect brand and offer route back Win back Out bound telemarketing
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