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Customer Relationship Management




                    Notes            Post-purchase eCRM Features
                                     Dandan found the presence  of FAQs  very useful  in case  she  is  searching for  some
                                     information. She said if she needs an answer to a question, she will first search FAQs and
                                     if she could not found her desired information then she will write an email. Neither did
                                     she ever make any complaint on the travel website nor  did she find any kind of such
                                     feature over the websites for lodging any kind of complain against the company. She said
                                     she can writer an email to company in case she has to complain. But when asked what if
                                     you found this feature on travel websites then she replied that she can use this feature as
                                     well. She acknowledges that she did not face any kind of problem ever from the travel
                                     website and she does not know whether there is any ‘problem solving’ features on travel
                                     websites or not. In case she has to resolve any problem for example ‘change of tickets’ or
                                     cancellation of tickets, she will try to find such feature over the website or will send them
                                     an e-mail to the company. But Dandan believes that it is better if websites provide such
                                     kind of feature so that she could immediately change or cancel her ticket in future. She said
                                     that she never used ‘order tracking’ because she got an e-ticket immediately in her e-mail.
                                     She further answered a question and said that if she loses her email or e-ticket in any case
                                     she can contact the company for getting another ticket and it should not be difficult. But
                                     when asked what if you found this feature on website she replied that she can use this
                                     facility as well. Dandan never gave ‘feedback’ to the travel company. She said that she will
                                     give feedback only in case of her bad experience in future and therefore she said it is better
                                     if websites provide this feature.
                                     Questions

                                     1.   Analyse the case and present your observations.
                                     2.   How do  you  think,  has  the  advancement in  CRM  helped  Dandan in  gaining
                                          satisfaction?

                                   Source:  http://epubl.ltu.se/1653-0187/2008/042/LTU-PB-EX-08042-SE.pdf

                                   13.2 Summary

                                      The recent trend of globalisation and liberalization has posed serious problems to domestic
                                       banks.
                                      The entry of new foreign banks and private sector banks with their advanced knowledge
                                       base of automation in the banking operations and aggressive marketing strategies  has
                                       pushed public sector banks to a tight corner.
                                      Potential customers have started moving towards foreign banks and private sector banks.
                                       To survive and  succeed, banks must identify their marketing areas, develop adequate
                                       resources, convert these resources into healthy and efficient services and distribute them
                                       effectively satisfying the manifold tastes of customers.
                                      The domain of customer relationship management extends into many areas of marketing
                                       and strategic decisions. Its recent prominence is facilitated by the convergence of several
                                       other paradigms of marketing and by corporate initiatives that have developed around
                                       the  theme of  cooperation  and  the  collaboration  of  organizational  units  and  their
                                       stakeholders, including customers.
                                      CRM  refers  to  a  conceptually  broad  phenomenon  of  business  activity,  and  if  the
                                       phenomenon  of cooperation and collaboration with customers  becomes the  dominant
                                       paradigm of marketing practice and research, CRM has the potential to emerge as the
                                       predominant perspective of marketing.




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