Tuesday, December 1, 2020
Home CRM 6 Components Of Customer Relationship Management Strategy

6 Components Of Customer Relationship Management Strategy

6 Components Of Customer Relationship Management Strategy

 

 

In my previous article, I have looked at some of the drivers of customer relationship management. In this article, I want to look at some of the components of customer relationship management strategy. Follow me as we look at that together in this article.

 

Customer Relationship Management strategy

 

In defining Customer Relationship Management Strategy , we said that any organisation that desires to be customer-centered must have a laid down on how they want to achieve their objectives. In this article, I will be talking about those elements that need to be present in any CRM strategy before we can say that it is worthwhile. Let’s look at this together.

 

Case Study

Mr Winfred is an entrepreneur. His products are well known in his country and beyond. Until the recent time, he held away as he controlled a large percentage of the market share in his own area of interest.  There was also another entrepreneur . Mr Hanold , a business man that has decided to do business from customer perspective with technologies to back it up.

 

 

At the onset,Mr Hanold decided that profit will not be his priority . He decided to meet the needs of his customers first, by meeting every of his prospects and customers at the right place, right time with the right products and services.

READ THIS  Unknown Analytical CRM Application Areas in CRM

 

When Mr. Winfred could not hold it any longer , he contacted a consultant to help him out of the situation. The consultant advised him to formulate policies that will allow them to meet the customers/prospects with the right product at the right place.

 

He also advised him to treat his loyal customers specially in order to retain them for life. He told him that before he could formulate a good CRM strategy , there are some basic things that he has to do.

READ THIS  5 Reasons Why You Keep loosing Customers

 

Now the components…

#1 Integration

A good CRM initiative should be integrated into business processes throughout the enterprise. What we are saying here is that there must be a conscious effort to change the orientation of the various departments on the organisation, most especially those that deal deal directly with the customers , that is , marketing ,sales and customer service departments of the organisation.

 

They must be taught how to deal with the customers and make them the centre piece of the entire organisation.

 

#2 Accessibility

A good CRM initiative must be accessible to every personnel involved in customer’s approach and enhance customer’s experience . Much of customer-centric ideology must revolve around customers .

 

The level of success that will be recorded has to do with the amount of information that the organisation have about their customers .

 

This information must be available to all departments in the organisation so that they can take the business decision without much delay.

 

Although there is a need for the organisation to protect customers information ,bit this should not be done in a way that it will slow down business processes or it will be difficult for those that need it to access it.

READ THIS  Unknown Facts About Customer Touchpoints In CRM

 

#3 Measurability

The problem we have in most part of the world ,most especially in the third world countries is that, there is no maintenance culture. In formulating a customer centric enterprise, there must be a way of analysing and measuring the results. When the process is being monitored ,it will be very easy for the organisation to measure it’s progress and make neccesary changes as situation demands.

 

#4 Unified data

At times, in some bank’s in Nigeria, you would have observed that it’s always difficult for some calibres of staffs to attend to you. This is because some of them do not have the required information about customers.

READ THIS  Unknown Methodologies For ROI Estimation

 

Each department in the organisation must have the same information as regards their customers. This information must be made available to every departments in the organisation who might need it in order to take decisions or ressolving issues .

 

#5 Coordination

A good CRM strategy must have a coordinated process and strategy. There must be a Project Manager who is well vast in customer relations to manage the project. As soon as the initiators have the support of top management , a team must be set up to manage the process in order to ensure that it is well coordinated.

 

#6 Web based and real time

A good CRM strategy must be Web based and it must be available twenty four hours in a day and seven days a week There is a need for it to be Web based because some of your customers also have their own business that they are doing, therefore they must be able to do business with your organisation from the convinience of their homes.

READ THIS  Understanding Model Building And Analysis In CRM

 

It must also have reporting metrics which notify you when things are going wrong. There are also applications that will suggest to you some important information about your customers. Just feed in your customer information, the application will provide the results.

 

 

Now your take on this article…

I know you might agree with some of the points that I have raised in this article. You might not agree with some of the issues raised. Let me know your views about the topic discussed. We will appreciate it if you can drop your comment. Thanks in anticipation.

 

 

Become Part Of our Fan Base on Facebook. Click Here.

Follow Us on twitter. Click Here.

Download Our App. Click Here
Many Crypto. One place. Use Roqqu

 

 

Adeniyi Salauhttps://cehnigeria.com
I am an IT entusiast and a man of many parts. I am a Certified Digital Marketer, Project Manager and a Real Estate Consultant. I love writing because that what keeps me going. I am running this blog to share what I know with others.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

CommentLuv badge

Most Popular

The ULTIMATE On-Page SEO Plugin for WordPress

When you do, you’ll receive over $500 worth of premium WordPress themes (with updates!), plus a whole lot of other goodies. This is HANDS-DOWN...

How to Create Quality Content with the Help of E-A-T and YMYL

In today’s market, products and services of a company are given the same level of importance as their content. As tech-savvy as the consumers...

Components Of A Good Website Optimization Strategy

Components Of A Good Website Optimization Strategy   Website optimization continues to evolve, but its primary focus is optimizing the visitor experience to make sure your...

Understanding Shared Marketing Objectives For Marketers

Understanding Shared Marketing Objectives For Marketers   Marketing objectives should be aligned with business objectives to provide business growth. Marketers should understand the key metrics that...