Customer Relationship Management
Customer relationship management (CRM) is a technology for managing all your company’s relationships and interactions with customers and potential customers. The goal is simple: Improve business relationships.
CRM aims to assist businesses in acquiring more and more customers, as well as growing the customer base and retaining them for an extended period of time. CRM establishes a channel of communication between customers and businesses. It helps businesses gain a clear understanding of what their customers want.
Business Case
- Develop Business Cases
- Assess value and ROI
- Advocate importance and needs
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Customer Relationship Management
The aim of a CRM is to allow businesses to better manage their customer relationships and ultimately drive more success. CRM software allows you to track and manage inbound leads automatically and provide a platform for sales and marketing to better understand their impact.
To have a successful CRM strategy means that you need to define how your work processes will change, what steps you’re going to take at each implementation stage, what you want to achieve and how you’re going to measure your goals, and how CRM is going to complement your business development plan.
According to the customer lifecycle, the first step in the CRM process is maximising reach with leads. In practice, reach is using your CRM to generate brand awareness via targeted marketing campaigns.