2. Data warehousing is connected to the efficiency of the Customer Relationship Management (CRM) strategy in several ways. In data warehousing, a database is designed to do analytical analysis and all relevant data is pooled together in this database. A CRM strategy is a key component to run any business, it gives a plan to develop customer relationships. A CRM system is directly involved with building customer relationships and streamlining processes to increase profits by improved customer service which would lead to increased sales. A huge amount of relevant customer data is used in this process, which is done using data warehousing. For any CRM strategy to be efficient, relevant data from data warehousing is a must. Various functionalities of a CRM system like single customer view, permission management, campaign segmentation, manage deliverability, customer services, customer analysis, personalization, and customer loyalty scheme either gets support extended by data warehouse or it utilizes the data-warehouse data.
3. The major components of customer service infrastructure are overall pleasant customer experience, friendliness, top-tier knowledge, promptness, and first call resolution. Customer service should be aimed at the goal of giving the customer an overall pleasant experience, based on which the customer will return whenever he needs a product or service from a business. The components of friendliness, knowledge, promptness, and first call resolution also helps in building a customer base.
4. The changing role of Customer Service Representatives (CSRs) are many as it incorporates additional marketing and sales activities. These are taking ownership of customer service problems, troubleshooting issues and resolve them, escalating unresolved problems to concerned personnel, collecting feedback from customers, documenting solution articles, and using customer support software to resolve customer issues.
2. Connect the importance of data warehousing to the efficiency of a customer relationship management strategy....
Chapter 4 Objectives 1. Describe customer service strategy and its relationship to a SWOT (strengths, weaknesses, opportunities, and threats) analysis and a strategic plan. 2. Connect the importance of data warehousing to the efficiency of a customer relationship management strategy. 3. Identify the major components of a customer service infrastructure. 4. Discuss the changing role of CSRs as it incorporates additional marketing and sales activities.
Question 1 - Sales considered one of the major application components of Customer Relationship Management systems aims to provide software tools and data sources to manage sales activities, and optimize cross-selling and up-selling. Discuss how these tools optimize cross-selling and up-selling.
Chapter 3 Objectives 1. Explain the relationship between customer expectations and customer perceptions. 2. Cite examples of customer first impressions. 3. Describe the three customer turnoffs. 4. Discuss the importance of customer loyalty. 5. Discuss the traits and skills CSRs should possess.
explain the importance of inventory management in reference to 1. profitability 2. strategy 3. customer satisfaction 4. competitive advantage
answer both please Question2 What is the main purpose of the Sales and Customer Relationship Management certificate? o To enhance knowledge and essential sill for inside and outside sales and service positions acros all 0.5 pts marketing channels o To apply analytical tools for better decision making in social media communications. O To lean to collect and analyze data on consumer demographics. To learn to use, manage, and strategize market research. Question 3 0.5 pts Why is it advantageous to...
Chapter 1 Explain fully superior customer value and synergies. Explain fully corporate strategy and all the components of corporate strategy. Explain fully strategic business unit. Explain fully market segmentation and market segments. Explain fully the designing of market driven strategy. Chapter 2 Identify and explain fully each of Porter’s 5 Forces. Explain fully relative market position and market potential. Chapter 3 Explain fully marketing segmentation including the bases for segmentation. Explain fully marketing sizing, market targeting, and market niche. Chapter...
What is one of the four elements of the process cycle for customer relationship management? Select one: a. customer interaction b. customer satisfaction c. customer loyalty d. customer profitability e. customer support It is possible today to calculate the total financial returns for each customer. Select one: True False What type of marketing analytics is being used when data is used from likes for posts on Facebook? Select one: a. Web analytics b. retail analytics c. demographic analytics d. social...
1. Read Chapter 7: Organizations and Information Systems, in particular the section on Customer Relationship Management (CRM) The book name is Experiencing MIS 7th edition 2016. Assignment Instructions: Read the following short case and submit your answers to the questions: A department-store chain has five stores scattered throughout Connecticut. In order to improve customer service throughout the chain, the CEO would like to implement a CRM system. 1. Provide and number any assumptions or premises you will be working off...
1. From a marketing management perspective, it's best to think of customer service as part of Promotion, not part of Product. True or False 2. Which of the following is true of proactive customer service? Multiple Choice It requires companies to wait for customers to complain before responding. Companies adopting this approach to customer service view unhappy customers as unprofitable. Use of social media to track customer complaints reduces a firm's efforts toward proactive customer service. It can be achieved...
Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6 "Identify Critical Issues and Priorities" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured....