A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT STRATEGIES
Keywords:
Customer, Relationship, Management, Loyalty, Satisfaction, Retention.Abstract
Customer Relationship Management is one of the most talked topics in the industry today and for good reason. CRM (Customer Relationship Management) is an information industry term for methodologies, software, and usually Internet capabilities that help an enterprise manage customer relationships in an organized way. Customer Relationship Management (CRM) is about finding, getting, and retaining customers. CRM is at the core of any customer- focused business strategy and includes the people, processes, and technology questions associated with marketing, sales, and service. In today’s hyper-competitive world, organizations looking to implement successfulCRM strategies need to focus on a common view of the customer using integrated information systems and contact center implementations that allow the customer to communicate via any desired communication channel.
The study is conducted by using many of the customers of STOPAK by considering their responses. The customers of STOPAK are spread all over the world. So, it was bit tough to contact those customers but then I carried on my project work through distribution of questionnaire to the customers of STOPAK while they had all gathered for meeting in the company, and hence it was helpful and I was able to get the response and study the Customer Relationship Management Strategies of the company.
References
Anderson, J. C. & Narus, J. A. (1991, Spring) "Partnering as a Focused Market Strategy.” California Management Review, pp. 95-113.
Baker, M. J. (1998, Autumn) “Relationship Marketing in Three Dimensions.” Journal of Interactive Marketing, pp. 47-62.
Berry, L. L. (1995, Fall) “Relationship Marketing of Services--Growing Interest, Emerging Perspectives.” Journal of the Academy of Marketing Science, pp. 236-245.
Berry, L. L. & Parsuraman, A. (1991) Marketing Services – Competing Through Quality, New York: Free Press.
Bharadwaj, S. G. (1994) “The Value of Intangible Firm Assets: An Empirical Examination.” In J. N. Sheth & A. Parvatiyar (Eds.), Relationship Marketing: Theory, Methods and Applications). Atlanta, GA: Emory University Center for Relationship Marketing.
Bickert, J. (1992, May) “The Database Revolution.” Target Marketing, pp.14-18. Biong, H., Parvatiyar, A., & Wathne, K. (1996) “Are Customer Satisfaction Measures Appropriate to Measure Relationship Satisfaction?” In A. Parvatiyar & J. N. Sheth (Eds.),Contemporary Knowledge of Relationship Marketing (pp. 258-275).
Atlanta, GA: Emory University Center for Relationship Marketing. Bitner, M. J. (1995, Fall) “Building Service Relationships: It’s All About Promises.” Journal of the Academy of Marketing Science, pp. 246-251.
Borys, B. & Jemison, D. B. (1989, April) “Hybrid Arrangements as Strategic Alliances: Theoretical Issues in Organizational Combinations.” Academy of Management Review, pp. 234-249.
Cannie, J. K. & Caplin, D (1991) Keeping Customers for Life. Chicago: American Marketing Association.
Crosby, L. A. & Stephens, N (1987, November) “Effects of Relationship Marketing and Satisfaction, Retention, and Prices in the Life Insurance Industry.” Journal of Marketing Research, pp. 404-411.
Atul Parvatiyar & Jagdish N. Sheth Crosby, L. A., Evans, K. R., & Cowles, D (1990, April)” Relationship Quality in Services Selling--An Interpersonal Influence Perspective.” Journal of Marketing, 52, 21-34.
Dick, A. S. & Basu, K. (1994, Spring) “Customer Loyalty: Toward an Integrated Conceptual Framework.” Journal of the Academy of Marketing Science, 22, 99- 113.
Doney, P. M. & Cannon, J. P. (1997, April) “An Examination of the Nature of Trust in Buyer-Seller Relationships.” Journal of Marketing, 61, 35-51.
Doyle, S. X. & Roth, G. T. (1992, Winter) “Selling and Sales Management in Action: The Use of Insight Coaching to Improve Relationship Selling.” Journal of Personal Selling & Sales Management, pp. 59-64.
Dwyer, F. R., Schurr, P. H., & Oh, S. (1987, April) "Developing Buyer-Seller Relationships.” Journal of Marketing, 51, 11-27.
Evans, J. R. & Laskin, R. L. (1994, December) “The Relationship Marketing Process: A Conceptualization and Application.” Industrial Marketing Management, 23, 439-452.
Fein, A. J. & Anderson, E. (1997) “Patterns of Credible Commitments: Territory and Brand Selectivity in Industrial Distribution Channels.” Journal of Marketing, 61 (2), 19-34.
Fournier, S., Dobscha, S., & Mick, D. G. (1998, January-February) “Preventing the Premature Death of Relationship Marketing.” Harvard Business Review, pp. 42-51
Frazier, G. L., Spekman, R. E., & O’Neal, C. (1988, October) “Just-in-Time Exchange Systems and Industrial Marketing.” Journal of Marketing, 52, 52-67.
Ganesan, S. (1994, April), “Determination of Long-Term Orientation in Buyer Seller Relationships.” Journal of Marketing, 58, 1-19.
Gronroos, C. (1990, January) "Relationship Approach to Marketing In Service Contexts: The Marketing and Organizational Behavior Interface.” Journal of Business Research, 20, 3-11.
Gruen, T. W., Summers, J. O., & Acito, F. (2000) “Relationship Marketing Activities, Commitment and Membership Behaviors in Professional Associations.” Journal of Marketing, 64 (3), 34-49
Customer Relationship Management: Emerging Practice, Process, and Discipline 31 Guba, E. G. (1990) “The Alternative Paradigm Dialog.” In E. G. Guba (Ed.), The Paradigm Dialog (pp. 17-27).
Newbury Park, CA: Sage Publications. Gummesson, E. (1987, August) “The New Marketing- A Developing Long-Term Interactive Relationships.” Long Range Planning, pp. 10-20.
Downloads
Published
Issue
Section
License
Copyright Notice
Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.
Copyrights for articles published in World Scholars journals are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.