Introduetion Ch de Customer dissatisfaction with service widespread — Expectations of customers higher than ever — “Does your company deserve my patronage and loyalty?” — Starting po
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Foreword by Don Tapscott
know why all business will soon be e-business.”
From the Foreword by Don Lapscom
Dr Ravi Kalakota
Author of Frontiers of Electronic Commerce and Hectronic Commerce: A Manager's Guide
Marcia Robinson
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Ì Introduetion
Ch de
Customer dissatisfaction with service widespread
— Expectations of customers higher than ever
— “Does your company deserve my patronage and loyalty?”
— Starting point today: What was exceptional yesterday
Organizations with long-standing customer bases find they
lack the info and data to make good service decisions
— 90% companies don't have sales and service integration
Companies must view their service encounter through the eyes of their customers
— To maintain ongoing relationships strong
— Acquisition and selling costs of new customer very high
— Dissatisfied customers primarily due to lack of customer service
— 70% of complaining customers will do business again if
VỆ "- their complaint quickly addressed
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i
Ú Timely delivery of excellent service
Combination of business process and technology
When competition is fierce, companies go back to basics: create value for customer
Execs must ask
— Can their companies’ infrastructures allow value creation?
— Can their companies’ existing CRM infrastructures support doing business in the e-world
| Only by integrating sales and service infrastructure with
all aspects of operations can management see change in
Trang 4a } Top Demand Drivers in CRM Verticals
‘a Telecommunications — Primary CRM applications
a Include:
) — Multi-channel contact centers
— Business intelligence
— Customer data integration and analysis
— Web-based billing systems
— Marketing automation/campaign management systems
— Mobile CRM
i | 4% Banking and Financial Services — Primary CRM
_@e) applications include:
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| Retail — Primary CRM applications use e-
7 commerce transaction and point-of-sale data to
Few retailers are providing improved interaction but many
customers are demanding it - this is an opportunity for companies to distinguish themselves
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Strategic Business Drivers
i Are these “hot buttons” that influence your
— Shrinking margins due to product commoditization
— Scattered global customers
These are strategic level questions aimed at CxO
and other senior level executives to uncover CRM opportunities
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fae This chapter
business model
— Discuss how marketing practices and systems
nr must be reworked to support ecommerce
Lae environment
aff #) Service levels on the Web today often leave a
fai lot to be desired As buyers jump from site to
ST site only to ultimately abandon the shopping
i938 cart without buying anything from anyone
Roh ae ñ) © e-Business Strategies, -7.- wwwebstrategy.com
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) Def hing CRM
Mh ú | Integrated sales, marketing, and service strategy
— depends on coordinated enterprise-wide actions
CRM software suite
— Helps better manage customer relationships by tracking customer interactions of all types
— Automates selling and customer service cycle
¢ direct-mail marketing campaigns, telemarketing,
telesales, lead qualification, response mgmt,
lead tracking, opportunity mgmt, quotes and order configuration
Trang 9— Using existing relationships to grow revenue
— Using integrated information for excellent service
— Introducing consistent, replicable channel processes and procedures
im tis la
bon A@ 1s aa 1a CRM is an
Trang 10tin Managing the Customer Life Cycle:
KO The Three Phases of CRM
* Reduce Cost * Listening
s > g CÓ
s
1 eLifetime value eTangible and intangible benefits
a eShare of wallet eBrand equity gains
N * is © e-Business Strategies, -10- www.ebstrategy.com
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tousiness’ The New CRM Architecture: Organizing
vệ 0: around the Customer
| To determine how CRM and supporting tech will work
MA together for your firm, ask these questions
— Are most of company’s apps designed simple to automate existing departmental processes?
— Are these apps capable of identifying and targeting best customers, those who are the most profitable?
— Are these apps capable of real-time customization of
products and services?
— Do these apps track when the customer contacts the company, regardless of the contact point?
— Are these apps capable of creating a consistent user experience across all contact points the customer chooses?
If answers to each is no, seriously consider CRM
Trang 12Complete Integrated
Solutions
0 around the Customer
Direct Cross-Sell & Proactive
www.ebstrategy.com
Trang 13¢ Personalization and one-to-one marketing
"an *° Customer analytics and business intelligence
Trang 14Ề A => “YU =~ © €2 (
Customer Service and Billing
Marketing and Fulfillment
* Up-sell Field Sales
Trang 15| How it Fits Together
Front Cưstomer on Marketing Sales § 5 CN Cưstomer Product
Office Service Automation Automation Š 2 T \ Data Mart Data Mart Data Mart
WY
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ss) What Capabilities Make Up Leading Edge
— Sales planning and forecasting
— Analyzing, predicting and driving customer value and behaviour
— Identifying the right time to make the right offer to the right market
— Consistently enhancing the customer
Vĩ
— Involving customers to better accommodate their needs
— Demand driven supply chain and fulfillment integration
- «| Pe 1.
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Front Office
Marketing and Fulfillment
Call Center
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Xu | Multi-channel shopping behavior has become
im Mainstream; yet widespread retailer excellence
mi) remains elusive ( some catalog retailers are
"8 exceptional)
' 4) shoppers
a ) The role of the catalog has never been more
*/ © capabilities are becoming more critical
` -
rt a ñ © e-Business Strategies, -19-
wow cbstrategy.com
a
Trang 20A eae ¢ Tri-Channel Shoppers are demanding (well-informed) consumers;
So | * Servicing Tri-Channel Shoppers is very challenging-requires high-
levels of coordination!
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‘ W& : Late delivery
-Poor product information
¢Product out-of stock
, | *Product misrepresentation
9) *Website performance issues
4 *High shipping and handling charges
Trang 22Eine M ° Define a vision of integrated CRM
¢ Establish the CRM strategy and specify its objectives
,
` s Understand the customer
11 - Review cultural changes that will need to occur
Trang 23R lu ¢ Evaluate appropriate applications with an
| uncompromising focus on ease of doing business
¢ Identify and target quick wins
¢ Put ownership of the end-to-end project in the hands of a single manager
Trang 24marketing File arKeting
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ý } Anticipate Organizational Changes
ai : Organizational resistance to CRM inevitable
— Current incentive systems work against CRM as they reward performance that deals with only part
of the customer's relationship with organization
— Requires careful transition from existing silo- centric infrastructure to an integrated customer- centric infrastructure
— Organizations with global operations must manage customer interactions in different languages, time
zones, currencies, and regulatory environments
im th Impact on corporation’s front line staff
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{
: | | CRM Key Benefits
i) > Deeper understanding of customers
Increased marketing and selling opportunities
¢ Identifying the most profitable customers
¢ Making it easier for sales and channel partners to sell
¢ Faster response to customer inquiries
| | - Increased efficiency through automation
¢ Receiving customer feedback that leads to new and
improved products or services
¢ Obtaining information that can be shared with business partners
if " aes 7
eo aps
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2:0) Measuring Success or RO!
0` - Fewer product returns
° lncreased sales conversion per sales channel (the ratio of leads to customer sales)
w¢ @ ° Reduced cost per customer order
¢ Increased profit per sales person
Trang 28How much do your customers know about the products and services you offer?
i) Are your employees equipped with thi
information they need to understand your customers’ preferences, needs
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) Tel Us More
Ú Are your product life cycles shrinking and are you
yy getting new products to market faster?
Can you provide real-time customer data to your sales
force?
Have you found a cost-effective method of converting
prospects into profitable customers?
| | How do your customers prefer to be contacted?
Are you prepared to support your customers if your
_ customer base doubles?
* Is your sales force prepared to scale effectively as
Trang 30Fax - 678-339-9793