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CRM Process:
CRM process is defined as any group of action that is instrumental in the achievement of the output of an operation system, in accordance with a specified measure of effectiveness.
The main objective of CRM process is to originate a powerful new tool for customer retention
CRM implementation & success rate purely depend upon the process, which includes the future, revenue, customer value customer retention, customer acquisition & profitability
Iterative Process:every org. follow a set of their own procedures to market their product, service or promotional activities. Some activities are common to all
CRM process has got its own set of rules to change an org. into a full fledged CRM based org.
To achieve this, org has to definitely go through 2 levels of iterations. Therefore different tech. is needed for each company.
Iterative Cycle:
CRM Modification Determine the boundaries of patterns Fix the limits of channel model Define/Refine POI models Arrange pattern with technology Define/Refine organizational impact Preference & corrective gap Provision technology ecosystem Make a Go-To-Market blueprint Plan, deliver, & manage implementation Assess customer lifetime value Measure & access program value REPEAT THE ITERATION