客户关系管理外文文献翻译.docx
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CUSTOMERRELATIONSHIPMANAGEMENT
As。
univ。
drd.MihaelaCorneliaPrejmerean
Lect。
univ.dr。
AlinaMihaelaDima
AcademyofEconomicStudies, Bucharest
Abstract:
After17yearsofeconomicalandmarketdevelopment, Romaniancompaniesfaceanewchallenge:
thetoughcompetitionfromtheEuropeanUnionandthebattleforthecustomers。
TheRomanianenterpriseswillhavetolearnnotonlyhowtoattractcustomers,butalsohowto keepthem.Marketingprograms includenowaspectsregardingcustomerorientation, relationshipmanagement,loyaltyandquality.Inthispaper,wewillfollowthemainaspects, characteristics,dimensionsandprocessesofCustomerRelationshipManagement,andwewillanalyzethechallengesthatthelocalcompanieswillhavetoface.ExamplesfromthefinancialservicesectorwillroundtheactualsituationoftheimplementationoftheCRMrulesandprinciplesinRomania.
Keywords:
marketinginformationsystem;customerrelationshipmanagement; businessasset, customeracquisition;customerretention.
1.Introduction
Inthelastdecade,themajorityof thecompanieswerepreoccupiedwithproduction,recession,mergers, newtechnologiesandbusinessregulation。
Romania'saccessionintheEuropeanUnionwillbringmanyadvantagesforfurtherdevelopment, togetherwithmembershipinaCommonMarketwithcommonpoliciesonproductregulation, andfreedomofmovementforallthefourfactorsofproduction(goods, services,capitalandlabor)。
ThismeansthatRomaniancompanieswillcompetewithothercompaniesfromtheEUdirectlyintheirhomemarket。
Europeancompaniesaremoreflexibleandmobileandwillputahighpressureonthelocalcompaniesinordertoproducebetterproducts,launchbetteroffersandservicesandorientate moretowardstheircustomers。
Highrevenueequalsimportantcustomerisaclassicrulewhenthecompanyorganisesitscustomerpolicy。
“Animportantcustomerbringsagross amountofmoneyforourenterprise”hasbecomeareflexformanycompaniesabroadandperhapsinRomania, too。
Butisthisalwaystrue, ordoweneedmoreinformationthanasimplefigurereportedattheendoftheyear?
2。
Marketinginformationsystem
Awinningcompanyismoreproductiveinacquiringandretainingcustomers, to expanditsclientele(Kotler, 2003)。
Thiscompanyimprovesthevalueofthecustomersbyreducingtherateofdefection,increasingthelongevityofcustomerManagement & marketingrelationship, makinglow-profitcustomersmoreprofitableorterminatingthemetc.Gatheringinformationontheactualorpotentialmarketplacenotonlyallowstheorganisationtomonitortrendsandissuesconcerningitscurrentcustomers, butalsohelpsitidentifyandprofilepotentialcustomersandnewmarkets,tokeeptrackofitscompetition,theirstrategies, tacticsandfuture plans(BrassingtonandPettitt,2003)。
Inordertocollectandorganizeahighquantityofdiverseinformation, theenterprisesstartedtobuildmarketinginformationsystems.Thereare, mainly, asetofproceduresandmethodsbywhichpertinent, timely andaccurateinformationiscontinuallygathered, sorted,analysed, evaluated,storedanddistributedfortheuseofmarketingdecisionmakers(ZikmundandD´Amico,1993).Themarketinginformationsystemincludesdatafromexternalandinternalsources (salesrecords,customerrecords, marketingcommunications, andsalesforceinformation).Thefocusonthecustomerandtheintegrationofthemarketingfunctionhelpsthecompanytocreatecustomerdatabaseswithcomprehensiveinformationaboutindividualcustomersorprospects.
3。
Customerrelationshipmanagement
CustomerRelationshipManagementhasbeenaroundforthelast30years,butitbecame veryimportantwhencompanies changedtheirattitudetowardsmarketingfunction。
Nowadays,thecross-functionalapproachtomarketingrequiresanorganizationalcultureandclimatethatencouragescollaborationandcooperationbetweendepartments。
Peoplewithinthebusinessmustunderstandtheirroleinservingcustomers, internalorexternalone.CRMbuildsontheprinciplesofrelationshipmarketingandrecognizesthatcustomersareabusinessassetandnotsimplyacommercialaudience, impliesthestructuringofthecompanyfromfunctionstoprocesses, informationareusedproactivelyratherthanreactivelyanddevelopsthene—to—onemarketingapproaches(Payne,2006).
WhendefiningCRM,wemustfirstexplainthedifferencebetweencustomeracquisitionandcustomerretention。
Thetwoconceptshavedifferentdrivers。
Attractingcustomershasbecomeverydifficultthesedays,whenpeoplearehardertoplease。
Theyaresmarter, priceconsciousandsensitive,moredemanding,lessforgiving,andtheyareapproachedbymanymorecompetitorswithequallygoodor betteroffers (Kotler,2003).Companiesfocusmoreonsalesanalysis, customersegmentation,advertising,merchandisingandcampaignmanagement.Themoredifficultpartiskeepingthecustomers。
AccordingtoBruhn,acustomerissatisfiedwhenthecomparisonbetweenofferandconsumptionfulfilshis/herexpectations,afterhe/sheacceptsthecompany, trustsitandexhibitsapositiveattitudetowardsit, becomesloyaltothatcompany。
Inthissituation,thecustomertalksfavourablyaboutthecompanyandaboutitsproducts,payslessattentiontocompetingbrandsandislesssensitivetoprice, whichturnstransactionsintoroutine(Bruhn, 1999).Withcustomerretention,thecompanymustpayattentiontoservice satisfactionandtrustin Customerrelationshipmanagementtheorganizationanditsstaff.Somecompaniesbelievethatifacustomercomplaintstheproblemwillbesolved,but96%ofunsatisfiedcustomersdon’tcomplainandgotoanothercompany。
Therefore, CustomerRelationshipManagementisthemechanismforretainingcustomers(Russell-Jones, 2003)。
MainlyCRMallowsthecompanytounderstandwhotheircustomeris, isolatethebestcustomer (thosewithwhomyoudesiretohavelong—standingrelationships),createrelationshipsstretchingovertimeandinvolvingmulti-interactions, managetherelationshiptomutualadvantage, seektoacquiremoreofthose“best”customers。
Inputslikemarketingstrategy, customerbase,products,andregulation,competitorsandstaffskillsaresynthesizedinaCRMprogrammewhichcreatesoutputsascustomerservice,customerretention,highershareofwallet, customerreferral, morepredictablerevenuesstreams, improvedprofitability,lowercostsandbettercompliance (Russell-Jones,2003).
4。
Developingastrategyincustomerrelationshipmanagement
BecauseCRMisacross—functionalactivityandlargecompanieshavethousandsandmillionsofcustomers,theneedforastrategicframeworkisveryhigh.ThedimensionsofaCRMstrategyaremainlyfocusedondefiningthefollowing topics:
- objectofthecustomerrelationshipmanagement–thecompanyhasthreeoptions:
focusingonthecompanyitself,onabrandoronthedistributor;
-targetsegment–thecompanyusuallysetsprioritiesbetweendifferentcustomersegments, itdefinesstrategiccustomersbasedontheportfolioanalyses,factorsasrevenue,lengthoftherelationship, income, collaborationwiththecustomer。
Theseareitsanalysiscriteria;
-waysofretainingthecustomers–customers’satisfactionisinthecentreofallthedecisions, butcustomersretentioncanalsobecomeacentralissuethroughcontractualclauses,suchasservice, leasingandwarranty;
-choosingtheinstrumentsofCRM–thecompanycombinestheinstrumentsofthe4P´swithfocusonthecustomer;
-intensityandtimingoftheCRMdecisions–showwhenandhowshouldthecompanyintroducedifferentinstruments; programmescanlastfromonedaytooneweek,orfromthreemonthtotwoyears;
-cooperationwithintheCRMprogramme–sometimesthecompanymustcooperatewithotherpartnersfromthedistributionchannel,mainlybetweenproducerandwholesalerandretail.
5。
Instrumentsofcustomerrelationshipmanagement
Thecommunicationpolicyplaysanimportantroleintheinstrumentsmix.Itfollowstwoobjectives:
first, tobuildapermanentdialoguewiththecustomerinordertostabilizeorchangeitsexpectations,andsecond,tocounteractinfluencesafterconsumption.ThemainCRMinstrumentswithin thecommunicationpolicyare:
Direct-Mailismaterialdistributedthroughthepostalservicetotherecipients’home orbusinessaddresstopromoteaproductorservice.InCRMthemailedissuecanvaryfromasimplelettertoacatalogue, anditssendingwillalwaysoccurataparticular
momentincustomer’slife (birthday,invitationforanevent)。
Itmustincorporatestickygadgetstoincreasetheirchancesofbeingopenedandread;Newslettersaredistributedtocustomersforfreeandcontaininformationaboutnewproducts, offersforspecialeventsandothers; Fidelitycards (storecards) areanimportanttoolingatheringinformationaboutcustomerbehaviour.Byaccumulatingpointsoffidelity,thecustomercanbenefitfromdifferentspecialoffers; Clientsclubdesignatesaconceptwhichhasgrowninparallelwiththefidelitycards。
ItsmainformsareVIP—Club,Fan—Club, Product—Interest-Club, andLifestyle-Club. Theclubrepresentsanopportunityforthecompanytomakeoffersinaccordancewiththesocialstatus,acceptance, prestigeandexpectationsofitscustomers;
Telemarketingallowscompaniestoundertakemarketingresearchandishighlymeasurableandaccountable;thenumberofpositiveandnegativeresponsesareeasilyrecordedandmonitored。
Itprovidesforinteraction, isflexibleandpermitsimmediatefeed—back.Online-marketingincludesmanyformssuchason-lineadvertising, on-linesalespromotions,on—linedirectmarketing, on-linepublicrelations,one—linepersonalselling.Themediumusedistheinternetandthemaininstrumentistheemail.