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Customer Performance Management - The Following Trends in Customer Management? Gs
Customer Performance Management - The Following Trends in Customer Management? Gs
Volume 11, Issue 9, September 2020, pp. 1125-1134, Article ID: IJM_11_09_105
Available online at http://www.iaeme.com/IJM/issues.asp?JType=IJM&VType=11&IType=9
ISSN Print: 0976-6502 and ISSN Online: 0976-6510
DOI: 10.34218/IJM.11.9.2020.105
ABSTRACT
Customer Success Management (CSM) is a transcendent of customer management
and therefore needs to be rigorously evaluated from a word of mouth into the current
permutation. Three steps are used for the purpose of the current article. First, the
article discusses the wider literature on customer management and situates CSM
according to the general tradition of customer relationship, customer experience
design and management, and customer engagement. The first articulations of the CSM
in the literature are examined in the article. Thirdly, the article focuses on the
management of goals, stakeholder management and learning management in order to
raise original research questions and experimentation in management. In all, we
provide evidence that CSM is the main player supported by the seller and not the
customer and that the impact on corporate design and the customer is addressed.
Key words: Customer success management, Customer success manager, Learning
management, Stakeholder management, Goal management, Relationship marketing.
Cite this Article: Gaurav Sinha, Customer Performance Management: The following
Trends in Customer Management?, International Journal of Management, 11(9),
2020, pp. 1125-1134.
http://www.iaeme.com/IJM/issues.asp?JType=IJM&VType=11&IType=9
1. INTRODUCTION
Customer Success Management (CSM) has recently become more and more popular. About
five thousand people held the title of "Customer Success Officer" in 2015, while over thirty
thousand in 2010 claimed the title of work (Gainsight, 2019). "Customer Service Manager"
was listed by LinkedIn as LinkedIn 's 6th most promising position for 2019 (Pattabiraman,
2019). Famous CSM-practitioners, digital CSM resources and technology channels, CSM-
Business Press book and CSM-based press (Arona 2016, Mehta 2019; Mehta Steinman and
Murphy 2016, Murphy 2019) have been launched by marketing professionals and consultants.
While CSM has become newly famous, academic research only starts to work with the
concept of CSM and the articulation of a research plan. Since CSM still has to obtain
significant academic attention, a cautious investigator may question if CSM is only the
current managerial fad or a useful advancement in customer management. In response, we
first look at CSM as part of the natural progression of Customer Management (CRM), Client
Experience Design and Customer Management practises. In doing this, we invite scientists to
ask if CSM is the next step in the field of customer management. Second , we examine the
initial literature articulations of CSM and analyse how CSM continues to evolve with CRM,
client experience and engagement. Finally , in order to provide a new understanding of how
CSM could potentially affect the lifetime value of our customers, we use several research
streams.
Take into account the growth in the popular press (i.e. press releases, news items) of
CRM, customer experience, client engagement and CSM. Whilst academia cover CRM,
Customer Experience and Customer Interaction in similar ways, it is deemed desirable to
cover CSM in academic publishing . The scholarly media's analysis of the ratio to the press
shows an average of 2.85:1000 between the years 1995 and 2019 for their keywords:
Customer Relationship Management, Consumer Experience and Customer Interaction. The
"customer success" keyword is to be extended to the same relationship with only 179
academic articles referring to "customer success." In place, there are only seven academic
articles referring to 'customer success' at the time of this writing. (Porter & Heppelmann,
2015; Zoo, 2015)
A continuous development in both customer management practises and bonds is indicated
by the respective growth of academic papers with respect to CRM, customer experience and
customer participation. CRM, clients and client engagement are linked as concepts in
literature which build on and sustain each other (Bowden, 2009; Grewal, Roggeveen, Sisodia
& Nordfält, 2017; Palmer, 2010; Payne & Frow, 2005; Roy, Padmavathy, Balaji, &
Sivakumar, 2012; Sigala, 2018). CRM basically offers a customer data tracking system for
documents or databases. CRM enables companies to track their customer data and manage
and plan Customer Experience throughout their customer journey. Through the
implementation of customer experience management and design, companies receive fresh
insights on how to implement customer engagement and strengthen and amplify both
customer experience and customer engagement. Despite the plausible conceptualisation of
CRM, Customer Experience and Customer Engagement as a development in customer
management practise , it is important to examine CSM as the next evolution in customer
management practise. On the one hand, CSM may not represent a genuine breakthrough in
marketing practise if its management fads or the rebranding of existing customer management
practises. On the other hand, CSM promises more academic bursary if it constitutes a real
change or innovates traditional customer management practises.
CSM initial articulations give examples where CSM extends from small iterations of
customer management practises to radical re-imagination at the organisation level of customer
management practises (Hochstein et al., 2020; Porter & Heppelmann, 2015; Zoltners et al.,
2019). In a business with little improvements in processes or procedures CSM can be small
changes in integrating customer language and culture. The focus of these changes is on a
small local CSM version where the retailer needs to see that the customer uses the seller's
goods to the full. For the more striking reason, CSM stands for developing a customer
management approach to the agent / trust in industries with usually longer arms. In
relationships like a trust or agency, the seller proactively concerns itself with leading clients
beyond simply using the seller's narrow offer. This vision of CSM can be realised in full
through a redesign of organisational elements (Porter & Heppelmann, 2015). CSM
manifestations along a continuum of smaller innovations to more radical departures can
generate confusion among scholars as to how CSM can be located within the larger landscape
of customer management. In the case of less radical CSMs, on the one hand, a more
traditional customer management practise may seem synonymous. A more progressive form
of CSM could, on the other hand, seem too different from traditional customer management
practises. Businesses that incorporate CSM more or less progressive have yet to empirically
identify the drivers and implications of the bursaries.
retention are improved (Purcărea, 2018; So, King, Sparks and Wang , 2016). Customer
engagement research includes wide-ranging areas of commitment such as (1) cognitive, (2)
emotional, (3) behavioural, and (4) social elements.
In all, we are designing CRM, client experience and customer engagement in response to
shifts in technologies and business landscapes as a result of evolving customer management
practise (Harmeling et al . 2017; Novak et al . 2000; Stone et al . 1996). Popular media and
scholars likewise describe CSM in the software industry as a result of technology and
environment changes (Porter & Heppeln, 2015; Zoltners et al., 2019; Hochstein et al., 2020)
concerned with the wider value of the customer over and above merely using the seller's
specific bid.
As a framework for evaluating how to integrate CSM within one organisation, Hochstein
et al. (2020) introduces ambidextreity in services and modularity. On the one hand,
ambidexterity in service sales implies that all job functions should take account of the
importance of our customers. Many work roles are not, however, encouraged to take account
of the broader value of customers. For example, while Customer experience and Customer
Development managers may be asked to consider the wider value for use of customers, their
narrower emphasis promotes reactive support, customer satisfaction, ex ante speech, and
financial-, social-, operational- and strategic customer success. On the other hand, modularity
implies that the tasks should be separated, with certain tasks focused solely on CSM.
Modularity allows CSM to make improvements on customer experience and customer
participation by promoting (1) constructive and non-reactive customer support interaction, (2)
broader customer results as opposed to more local satisfaction, (3) ex-customer ex-value
versus customer ex-ante voice and (4) customer growth instead of billing and buying
upselling services.
CSM articles managed include discussions on the structure of the company, descriptions
of the function and related key measures of success. CSM also presents itself in an
organisational structure as a new functional unit, putting together the marketing , sales and
service capabilities of a sales company (Porter&Heppelmann, 2015). The interoperability of a
variety of resources with respect to the achievement of customer objectives is a priority of all
CSM structural approaches (Hochstein et al. 2020, Zoltners et al . 2019). Customer success
managers are implemented at points of development where consumers use the services of the
selling company. Through its focus on integration issues, customer success managers seek to
overcome consumer challenges, revealing and potentially reducing conflicting stakeholder
goals. In other words, CSM's organisation, with the use of large stakeholder groups to help
clients achieve success, was structured to go beyond conventional customer experience, and
customer involvement.
Porter & Heppelmann (2015), for example, are charged with "controving the use of
product and performance data to assess value catering and finding ways for users to improve
the capture of conventional sales and service organisations" by the CSM "which are not
prepared and do no incentives to take up. While some businesses can mislabel non-CSM jobs
as CSM, they are found by Zoltners and others (2019) to support the consumer and direct the
customer to value. Service and sales functions are more oriented, according to Hochstein et al.
(2020), on revenue, efficiency and customer satisfaction, while CSM focuses on stakeholder
management to ensure value for money for its customers. The CSM work positions, together,
are more frequently separated by prioritising stakeholder management towards customer
value for money, from job roles related to customer service and customer engagement (e.g.
sales, account management, support).
The traditional key performance indicators are found fault with Hochstein et al. (2020),
since they are indicators of lagging, including satisfaction and loyalty. Rather, Hochstein et al.
(2020) explains CSM, by focusing on leaders who not only demonstrate consumer
engagement and potential value for money, as a change from customer experience and
customer commitment.
32,883 newspapers in 2019 referred to the 'success' keyword. Different word pairs of
"success" have also become increasingly common. Popular 'success' terms pairs include
"success factors," "project success," "economic success" and "product success," "innovation
success" and "innovation success."
The use of success with multiple word pairs suggests that success is used to describe a
wide range of conceptual aims. In an export context , for example, success can be quite
different from success in an innovation context. A definition of success can have different
assumptions even in a particular context of success. The term "product success" can evoke the
vision of a product which has a particular market share for one person. For another person, the
term "product success," even though those market share goals have never been reached, may
evoke high user engagement (Cooper & Kleinschmidt, 1987). Therefore, one might assume
that the success of customers is determined by the expectations co-created by buyers and
sellers. We use Target Management as a simple CSM research stream in response.
that CSM may need (1) to help shape the cognitive representation of its customers' aims to
reside at the level where the sales organisation can offer the means of achievement.
4. CONCLUSION
As we conclude, CSM is further demonstrated by several business examples which illustrate
how CSM enhances customer and business performance. Take into account two examples
given in the table. To deliver on this promise, Microsoft has newly reorganised its business
units into a distinct client success business unit with over 2000 employees proactively focused
on maximising value-for - money for its customers. Microsoft's mission statement was to
empower every individual in every organisation on the planet to do more. Secondly , it is
difficult for ADP salesmen to get referrals, as consumers have struggled with product
acceptance and with value for money. Reconnaissance of the slowing metrics of retention,
expansion and comparison, ADP shifted its focus to the proactivity of assessment of customer
success such as performance and acceptance. As a result, ADP won 51% of its clients with
success plans and 73% of its contractual revenues.
Our aim is to encourage academic researchers to consider whether CSM is an established
term with a new name or a step forward in the philosophy, theory and practise of customer
management. We have discussed the arguments throughout this paper that CSM is an accurate
answer to developments in the technology and business environment similar to prior customer
management innovations. In order to identify how the CSM innovated or left behind CRM,
customer experience and customer commitment, we reviewed CSM 's initial articulations in
the literature. Finally, to create original research questions and promote management
innovation in CSM implementation, we explored task management, learning management and
stakeholder management research sources.
By taking into account the research streams of goal management, scholars may investigate
whether objective satisfaction decelerates customer achievement in counter-intuition. Using
stakeholder management research streams, scholars may analyse how coordination techniques
for customer networks leverage stakeholder capital to the full service value of customers.
Based on research streams in learning management, scientists might consider how businesses
actively use failure as a tactic to increase the value of the lifetime of customers. Overall,
future CSM research could examine firm level factors that predict non-fiduciary CSM versus
a fiduciary form CSM, competition level factors and customer-level factors.
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