Professional Documents
Culture Documents
CERTIFICATION
DEDICATION
MY FAMILY
ACKNOWLEDGEMENTS
PREFACE
ABSTRACT
Today’s customers are significant factors in the company management with the
power to change cooperate short term and long-term strategies. Conquering markets
and achieving market leadership was no longer a company`s primary concern.
Instead, activities within the organization had to be coordinated to ensure that they
contributed to the development of mutually profitable relationships with the right
customers. The objective of the current study is to investigate the factors that could
potentially increase the understanding of service providing companies and customers
in order to improve customer retention. During the internship, we realized that, Africa
Multitech and Design Sarl was facing some problems like; inadequate prospecting
materials, and unplanned prospection, Cognizant of these facts, we noted this
problem statement that is; the extent to which a poor and inadequate prospection and
ineffective retention strategies affects the customer base of Africa Multitech and
Design Sarl from reaching it’s the required number. All of the above mentioned
problems enables us to come out with a research topic “the impact of prospection in
increasing a firm’s customer base: case of Africa Multitech and Design Sarl”. The
objective of the current thesis study is to investigate the factors that could potentially
increase the understanding of service providing companies and customers in order to
improve customer retention. How the company benefits from using a retention
strategy and how the company apply customer retention strategy as the key to their
business performance.
RESUME
Les clients d'aujourd'hui sont des facteurs importants dans la gestion de l'entreprise
avec le pouvoir de changer coopérer des stratégies à court terme et à long terme. La
conquête des marchés et le leadership sur le marché n'étaient plus la principale
préoccupation d'une entreprise. Au lieu de cela, les activités au sein de l'organisation
devaient être coordonnées pour s'assurer qu'elles contribuaient au développement de
relations mutuellement profitables avec les bons clients. L'objectif de la présente
étude est d'étudier les facteurs qui pourraient potentiellement accroître la
compréhension des entreprises fournissant des services et des clients afin d'améliorer
la fidélisation des clients. Pendant le stage, nous nous sommes rendu compte que
Africa Multitech and Design Sarl faisait face à des problèmes comme; des matériaux
de prospection inadéquats, et la prospection imprévue, Conscients de ces faits, nous
avons noté cette déclaration de problème qui est; la mesure dans laquelle une
stratégie de prospection médiocre et inadéquate et des stratégies de rétention
inefficaces affectent la clientèle de Africa Multitech and Design Sarl pour atteindre le
nombre requis. Tous les problèmes mentionnés ci-dessus nous permettent de sortir un
sujet de recherche "l'impact de la prospection et de la rétention des clients dans une
entreprise: cas de Africa Multitech and Design Sarl". L'objectif de l'étude de thèse
actuelle est d'étudier les facteurs qui pourraient potentiellement accroître la
compréhension des entreprises fournissant des services et des clients afin d'améliorer
la fidélisation des clients. Comment l'entreprise tire avantage d'une stratégie de
rétention et comment l'entreprise applique la stratégie de fidélisation des clients
comme clé de la performance de son entreprise.
LIST OF TABLES
Table 1: First purchase made from Africa Multitech and Design Sarl Cameroon....23
Table 2: Reason for first purchase from Africa Multitech and Design Sarl..............23
Table 3: Loyalty to Africa Multitech and Design Sarl Cameroon.............................24
Table 4: Loyalty to bands considering there provide you with high quality
good/services...........................................................................................................24
Table 5: Convenient is the service/product..............................................................24
Table 6: Quality of Africa Multitech and Design Sarl services/products..................25
Table 7: Recommendation to friends.......................................................................25
Table 8: Regards for our brand................................................................................25
Table 9: Degree of satisfaction with overall products/services of Africa Multitech
and Design Sarl........................................................................................................26
LIST OF ABBREVIATIONS
Name
General Manager
Social Capital
Judicial Status
location/ siege
Address
RCCM: N°
Tax payers N°:
Number of employees
Website
SOURCE:
TABLE OF CONTENTS
CERTIFICATION............................................................................................................................................i
DEDICATION.................................................................................................................................................ii
ACKNOWLEDGEMENTS............................................................................................................................iii
PREFACE......................................................................................................................................................iv
ABSTRACT.....................................................................................................................................................v
RESUME........................................................................................................................................................vi
LIST OF TABLES.........................................................................................................................................vii
LIST OF ABBREVIATIONS.......................................................................................................................viii
SYNOPTIC VIEW OF AFRICA MULTITECH AND DESIGN SARL.......................................................ix
TABLE OF CONTENTS................................................................................................................................x
GENERAL INTRODUCTION.......................................................................................................................1
PART ONE: INTERNSHIP FRAMEWORK................................................................................................4
CHAPTER ONE: GENERAL PRESENTATION OF THE ENTERPRISE...............................................5
SECTION ONE: HISTORY AND EVOLUTION OF THE ENTERPRISE................................................5
1.1: THE HISTORICAL BACKGROUND OF AFRICA MULTITECH AND DESIGN SARL..................5
1.1.1: MISSION..............................................................................................................................................6
1.1.2: OBJECTIVES OF Africa Multitech and Design Sarl.......................................................................6
1.1.3: LEGAL STATUS.................................................................................................................................6
1.2: THE STRUCTURAL ORGANIZATION...............................................................................................6
1.2.1: THE GENERAL MANAGEMENT......................................................................................................6
1.2.2: ADMINISTATIVE AFFAIRS:..............................................................................................................7
1.2.3: FINANCE AND ACCOUNTING........................................................................................................8
1.2.4: MARKETTING, PUBLIC RELATIONS AND RESEARCH.............................................................9
SECTION TWO: BUSINESS ENVIRONMENT........................................................................................10
2.1: THE INTERNAL ENVIRONMENT.....................................................................................................10
2.2: THE EXTERNAL ENVIRONMENT....................................................................................................12
2.2.1: THE EXTERNAL-MICRO ENVIRONMENT..................................................................................12
CHAPTER TWO: INTERNSHIP ACTIVITIES..........................................................................................14
SECTION ONE: PRESENTATION AT THE ENTERPRISE..................................................................14
SECTION TWO: SEQUENCE OF ACTIVITIES.....................................................................................15
2.1: CHRONOLOGICAL ORDER OF ACTIVITIES.................................................................................15
2.2: JUSTIFICATION OF THEME.............................................................................................................17
PART TWO: CONCEPTUAL FRAMEWORK...........................................................................................18
CHAPTER THREE: PRACTICAL ANALYSIS..........................................................................................19
SECTION ONE: CONTEXT AND OBJECTIVES.....................................................................................19
1.1: INTRODUCTION..................................................................................................................................19
1.2: PROSPECTING...................................................................................................................................19
1.2.1: STEPS IN PROSPECTING.............................................................................................................20
1.2.2: FORMULATING PROSPECT DEFINITIONS...............................................................................20
1.2.3: SEARCHING OUT POTENTIAL ACCOUNTS..............................................................................21
1.4: RESEARCH METHODOLOGY..........................................................................................................21
1.4.1: RESEARCH DESIGN.......................................................................................................................21
1.4.2: DATA COLLECTION........................................................................................................................22
1.4.3: SAMPLE UNIVERSE.......................................................................................................................22
1.4.4: DATA QUALITY................................................................................................................................22
SECTION TWO: MEANS AND RESULTS...............................................................................................23
2.1: ANALYSES OF THE QUESTIONNAIRE..........................................................................................23
CHAPTER FOUR: CRITICAL ANALYSES...............................................................................................27
SECTION ONE: PROBLEMS IDENTIFIED AT AFRICA MULTITECH AND DESIGN SARL...........27
1.1: STRENGHTS OF AFRICA MULTITECH AND DESIGN SARL.....................................................27
1.2: PROBLEMS IDENTIFIED AT AFRICA MULTITECH AND DESIGN SARL.................................27
SECTION TWO: RECOMMENDATIONS TO THE PROBLEMS IDENTIFIED AT AFRICA
MULTITECH AND DESIGN SARL............................................................................................................29
GENERAL CONCLUSION.........................................................................................................................31
BIBLIOGRAPHY..........................................................................................................................................33
APPENDICES..............................................................................................................................................34
GENERAL INTRODUCTION
Research Objective
The objective of the current study is to investigate the factors that could
potentially increase the understanding of service providing companies on how to
carry out prospection on customers in order to improve customer retention.
Hypothesis
Problem Statement
During the internship, we realized that, Africa Multitech and Design Sarl was
facing some problems like; inadequate prospecting materials, unplanned
prospection, inadequate branding and communications of products and services.
The information flow was not perfectly carried out and considering the fact that
prospection was not coordinated. Cognizant of these facts, we noted this
problem statement that is; the extent to which a poor and inadequate prospection
and retention strategies affects the customer base of Africa Multitech and
Design Sarl from reaching it’s the required number. All of the above mentioned
problems enables us to come out with a research topic “the impact of
prospection in increasing a firm’s customer base: case of Africa Multitech and
Design Sarl”
The objective of the current thesis study is to investigate the factors that could
potentially increase the understanding of service providing companies and
customers in order to improve customer retention
How the company benefits from using a retention strategy.
How the company apply customer retention strategy as the key to their
business performance.
To analyze the impact of customer prospection and retention to an
organization.
Methodology
The methodology used to carry out this research was by the quantitative research
method. Quantitative data is raw information that occurs in the form of figures
that can be calculated; analysed and described. Firstly, a literature assessment
was conducted to help in identifying established theories, reports and basic
organisational standpoints about retention[CITATION For13 \l 1036 ] and how
prospection can be planned and realised. Such data can be collected through the
administration of a questionnaire.
Secondary data’s was obtained from textbooks, the company’s magazines,
internet and classroom lectures.
Structure in Parts
My work is divided into two parts and four chapters. Part one is made of the first
chapter which deals with the history and evolution of Africa Multitech and
Design Sarl Cameroon. The second chapter will be based on my internship
activities at Africa Multitech and Design Sarl. Part two is made of the third
chapter which is the practical analysis and lastly chapter four which includes
critical analyses, strengths, weaknesses and recommendations purposed by us to
be adopted in order to enhance effective customer prospection and the staff so as
to realize predetermine goal and enjoy a competitive advantage over others.
CHAPTER ONE
GENERAL PRESENTATION OF THE ENTERPRISE
This section gives a general overview of Africa Multitech and Design Sarl that
is; its creation, evolution, mission legal status and the business environment
Africa Multitech and Design Sarl offers financial and payment valued added
services targeting public customers and professional institution using its
proprietary digital finance transaction platform: Smobilpay
Africa Multitech and Design Sarl Cameroon was created in 2012 but when
operational in 2014. Africa Multitech and Design Sarl Cameroon offers various
products.
Faced with intensive growing competition, for over 4 years of existence today,
Africa Multitech and Design Sarl has been able to make a name and a place as a
software developer. It is in this competitive spirit that she progressively opened
her branched in Douala to satisfy her growing network of more than 200 agents.
She has not seized to multiply efforts to impose herself as a software developer.
Presently, there is one branch of Africa Multitech and Design Sarl in Cameroon
with the head office in Bamenda, having five products (Smobilpay, mobile agent
banking system, mavimeter, sale, and insurance) with Smobilpay as the major
product, with a strong rural network in all the 10 region of Cameroon, more than
200 financial institution offering Smobilpay services to customers, more than 6
banks using Smobilpay as switch and one universal interface
1.1.1: MISSION
A mission statement declares an organization's purpose, or why it exists. That
often includes a general description of the organization, its function, and its
objectives. Africa Multitech and Design Sarl’s mission is to enable Sustainable
solutions for your needs.
However, she and her team designs management strategies and propose to the
head of directors.
The main functions of department are that of designing strategies and policies
for respective areas.
Property accounting:
A typical business owns many substantial long-term assets called property,
plant, and equipment; including office furniture and equipment, retail display
cabinets, computers, machinery and tools, vehicles (autos and trucks), buildings,
and land.
Organizational objectives
An objective is a desired outcome that is what an organization interns to
achieve. An organization’s objective is the major influence on its marketing plan
and decisions. It is for this reason that one organization may want to grow as
quickly as possible (marketing penetration) which other may not want to grow at
all (market concentration)
Stake holders
Organizational resources
The resources that a company has at its disposal are important influences on the
marketing decisions; example, personnel, material and financial resources which
comes from home and abroad example computers, networking system. Africa
Multitech and Design Sarl has personnel, material, and financial resources.
CUSTOMERS
Customers are all those individuals or groups who actually form a target market
of a firm's product. In other words, they are those who actually buy a firm's
product. Customers are at the centre of production. Customers are those who
actually buy the firm’s product. Marketers need to study its customer’s market
so closely so as to be informed of any changes taking place which may affect
sales. [CITATION Bly05 \l 1036 ]
COMPETITORS
Company competitors are those firms which offer similar and substitute product
to the market for consumption. Competitors make up the most threatening
Suppliers are other businesses (firms or individuals) who provide the company
with the required resources notably raw materials, equipment or machines and
other maintenance services. To attain its role in satisfying customer relationship,
the company must partner with suppliers so as to optimize its performance.
INTERMEDIARIES
Organizations do not always deal directly with the customers of their product or
service instead they deal with intermediaries. Marketing intermediaries are all
firms that help the company to promote, sell and distribute its goods to final
buyers. These middlemen may include agents, whole sellers and retailers.
CHAPTER TWO
INTERNSHIP ACTIVITIES
On the first day of our internship, we were received by some of Africa Multitech
and Design Sarl staff Douala branch. After a brief introduction with the staff, the
Marketing Manager arrived and immediate send us to his office. The manager
gave us brief information about the company. We were told that Africa
Multitech and Design Sarl Cameroon is a private limited company with its
headquarters in Germany and branches in other countries like Nigeria, Malawi
and also Cameroon. In Cameroon, Africa Multitech and Design Sarl
headquarters is in Bamenda but it runs all its activities in Douala. He further
explained to us that the company`s main activities are software developing,
information technology consulting.
Later in the afternoon, after break, the marketing manager introduced us to the
rest of the Africa Multitech and Design Sarl staff present. They all extended
words of welcome to us and we were oriented about the company`s policies. we
were informed that the company`s working days run from Monday to Fridays
and the working period runs from 8:00 am to 5:00 pm and every Friday, we
dress in the company`s T-Shirt and just an hour break that is from 12:00 noon to
1:00 pm. We were also warned about the late coming and disrespect in the
company. When I started, we were just two but two other interns joined us
making four.
During the first two weeks of our internship, we were taught in detail about the
company and the various products/services they offer. We were taken round the
various department to have some knowledge about what other departments are
doing. After learning in details about the company and its products, we were
asked to do a presentation of what we have learned so far to the staff.
We faced a lot of difficulties during presenting and learning since it was our first
time and it was still the beginning and we could not really understand how
things were been done. But before the first two weeks ended, we had learned
many things about the product being offered.
During this week, we went out for marketing. We went to areas were taxis
usually stand or stop. Our main mission there was to place the smobilpay
stickers on taxis and to carry out prospect to new customers. Our main aim there
was to convince and persuade people to consume Africa Multitech and Design
Sarl product which is Smobilpay and also take the numbers of the prospects who
are interested to consume our product. In the act of trying to convince the
customer, we faced some problems.
Firstly, trying to convince the customers was very stressful because most of
them where purely francophone who didn’t even have English as their second
language. Also, it was very difficult to talk to the prospects since most of them
were in the taxi going and some people were just passing. Also, going to shops
to prospect was not easy because most of the shop owners were busy selling and
This two weeks, we did follow-up of the prospects we took their numbers on the
field when prospecting. We all the prospects and tried as much hard to convince
them to be partners with us. If they accept of being partner with us, we follow
them up by giving them our document called `Bon de command` to fill and then
we take their own documents. After the transaction is done, we give them our
product by installing our application to their mobile phone and try to see that
they are working. With this follow-up stage, we faced many problems
Some prospects were very busy when we call and when we kept persisting, we
became a boredom to them and some of them did not even want to talk to us that
we are disturbing. But never the less we always look for a more mature way to
talk to them, for them to become our partners.
These two weeks, we checked smobilpay pay current account balances of micro
finance, cyber café, shops and many other establishment to see the once that are
active and the once that are not active. By checking their balances, the ones that
are not active, we call or send them mails reminding them that their accounts
needs to be refilled so as to continue benefiting from our platform. And for the
establishments that are working, we continue to encourage them to work harder
to get surplus bonuses. During this period, we faced many problems. This was
due to the fact that some of our partners had already switch from consuming our
goods and instead the goods of our competitors. Also, the continuous sending of
mails to our partners became a burden to them. Some of the partner’s even stop
receiving our calls or replying to our mails. With this, we had to come up with
many strategies on how to maintain our existing customers.
During these weeks, we were out on the field for prospection, branding of our
sales points and attended to our customers that had problems using our service
Smobilpay. However, prospection was not that easy because of customers
complains. Both the new prospects and actual customers. And also concerning
the branding of our sales points, it was not easy because some people never
wanted our branding materials that it is going to dirty their sales points.
CHAPTER THREE
PRACTICAL ANALYSIS
1.2: PROSPECTING
Efficient organization of time and thorough planning of work are earmarks of
above-average salespersons. They look for ways to “stretch” productive selling
time. They arrange travel and call schedules to economize on time spent en route
and distance traveled. They make appointments to avoid prolonged waiting for
callbacks. They do not waste time trying to sell to people who cannot buy or are
not likely to do so. The planning work, which is essential in eliminating calls on
non-buyers, is called “prospecting.” Improvement in prospecting is one way to
stretch productive selling time. Many sales personnel devote too little time to
prospecting and, as a consequence, too much to calling on non-prospects.
Salespersons who are proficient in prospecting apply their selling efforts
productively; they do not call on non-prospects and can devote their full
attention to those likely to buy.
Some companies use specialized personnel for prospecting, but most regard it as
one of the salesperson’s responsibilities. Even though salespersons may not to
“all” the prospecting, they often have access to information on likely prospects
that is not available to central office personnel.
Validity concerns the accuracy of the data or in other words the precision of the
measurements. Reliability concerns consistency of the results or in other words
the research should produce the same results in different occasions (Denscombe,
2010). We ensure the reliability and validity of the research by numerous ways.
First, by defining appropriate case study, population and sample suitable for the
study purpose which ensures reliability.
We are going to carry out a detailed analysis of how the problem was being
identified (through primary and secondary sources); the strengths of the
enterprise, its weaknesses in section one and also the recommendations
proposed by us in section two.
ago; 14 of the 150 respondents between 6-12 months ago and just 63 of the 150
respondents made their first purchase less than 6 months ago.
Table 2: Reason for first purchase from Africa Multitech and Design Sarl
Response No of respondents Percentage
Advertisement 25 16.6666667
Online researched 30 20
First vendor 20 13.3333333
Recommendation 35 23.3333333
No particular 40 26.6666667
Total 150 100
Source: Questionnaire
As seen above, 40 of the 150 respondents said nothing in particular prompted to
carry out their first purchase from Africa Multitech and Design Sarl Cameroon,
while 35 of the 150 respondents came from recommendation, 30 from online
research, 25 from first vendor and 25 from advertisement.
Table 3: Loyalty to Africa Multitech and Design Sarl Cameroon
Response No of respondents Percentage
Yes 38 25.3333333
No 112 74.6666667
Total 150 100
Source: Questionnaire
The table above tells us that most of the respondents didn’t considered
themselves as loyal customers to Africa Multitech and Design Sarl Cameroon as
112 of the 150 respondents answered No and just 38 answered Yes.
Table 4: Loyalty to bands considering there provide you with high quality good/services.
Response No of respondents Percentage
Yes 93 62
Somewhat 24 16
No 33 22
Total 150 100
Source: Questionnaire
If been offered high quality goods/services, 93 of the 150 respondents answered
yes to been loyal to those brands; 24 were in a confused state and just 33 of the
150 respondents answered no.
CHAPTER FOUR
CRITICAL ANALYSES
Constant Innovation
Innovation is one of the most driving force for the survival of most firms in the
world today. Considering how sophisticated the market place has become, a
company that doesn’t innovate has high chances of going out of the market.
Africa Multitech and Design Sarl Cameroon is led by an innovative team, which
sees innovation as a must do thing.
1.2: PROBLEMS IDENTIFIED AT AFRICA MULTITECH AND DESIGN SARL
Weaknesses are the qualities that prevent us from accomplishing our mission
and achieving our full potential. These weaknesses deteriorate influences on the
organizational success and growth. Weaknesses are the factors which do not
meet the standards we feel they should meet. We noticed the following
weaknesses at Africa Multitech and Design Sarl:
Unplanned Prospection
Prospecting is the first step in the sales process, which consists of identifying
potential customers, and prospects. The goal of prospecting is to develop a
database of likely customers and then systematically communicate with them in
the hopes of converting them from potential customer to current customer. Sales
representatives should planned and rehashed on the characteristics, positive
attributes and possibly objections.
Insufficient Materials for Prospecting
Prospecting requires a lot of materials so as, to facilitate the flow of information
from the sales representative to the potential customer. Materials like; brochures,
leaflets, laptops notepads and other technological gadgets were in short supply.
As a result there were so many delays in the whole process.
Keeping Customers Unsatisfied
Satisfaction is the act of providing what is needed or desired: the act of
satisfying a need or desire. A result that deals with a problem or complaint in an
acceptable way. Africa Multitech and Design Sarl from our observation left
most of its customers unhappy, which was very detrimental to retention and
loyalty as well.
Inadequate Branding and Communication of Products/Services
Marketing communication (MarCom) is a fundamental and complex part of a
company's marketing efforts. Successful branding involves targeting audiences
who appreciate the organization's marketing program. Advertising is a small but
important part of marketing communications; the marketing communications
mix is a set of tools that can be used to deliver a clear and consistent message to
target audiences. Africa Multitech and Design Sarl lacks the technical know how
to put up an excellent message that greatly influence the choices to be made by
potential and actual customers.
Inadequate training of the sales team
The sales team is not well embedded in sophisticated training that would build
their morals before, during and after they have met a prospect.
relations. All these tools put together makes up the communications mix, a well-
blended communication mix will create a more triple and yielding effect.
Adequate Training of the sales team
The main idea behind training is to extract the best out of a candidate in terms of
performance on the job. Of course, experience is still the best teacher, but it runs
a very costly and time-consuming school. Training cuts short the time required
to learn on the basis of experience.
GENERAL CONCLUSION
The aim of the thesis was to elaborate on the impact of customer prospection
and retention by investigating a service company, which can improve their
customer retention through customer relationship management. Companies may
choose to apply different parts of customer relationship management to their
businesses through technology and other means of communication with their
customers, various training programs and other resources devoted towards the
employees of the company. Evaluating the past and present behaviour makes it
possible for the company to adopt the most effective business strategy.
Customer retention strategy helps a company to gain profit because only five
percent of the existing customers can lead the company towards 85 percent of
the gross profit. Customer retention is the mirror image of customer defection
rate. A proper process for customer feedback, complaint management, front staff
training, special bonus and offers to customers will increase the business
performance, which is an improvement to the employee-working environment.
The more satisfied the customers, are the better public image will be presented
to them and more value will be created for the business.
Although individuals may qualify as prospects in other respects, they may be
inaccessible to the salesperson. The president of a large corporation, for
example, may need insurance and be willing and able to pay for it, but a
particular salesperson may have no way to make the contact.
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APPENDICES
Appendix 1: Questionnaire
Appendix 2:
Appendix 3: