Professional Documents
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management
Problem statement
This paper explores the reasons for, and challenges with, integrating customer relationship
management (CRM) with social media marketing.
Hypothesis
Social and CRM in combination are likely to be more effective than individually.
Key findings
Social and CRM in combination is likely to be more effective that either social or CRM
individually.
A true SCRM strategy will still be driven by marketing but will need to be developed
and executed enterprise-wide.
Social media containers are risky for brands. They do not own the ‘fan’ data; their
consumers can drift to another social container very quickly, and targeting different
types of consumers is not easy
frequent price promotions, such as price deals, are related to low brand equity
high advertising spending, high price, good store image, and high distribution
intensity are related to high brand equity.