Professional Documents
Culture Documents
Caselets- Discussion
Internal Assessment
2. Personal integrity: It is important that business leaders live a lifestyle of honesty, integrity
and high ethical standards because what these leaders do can damage the reputation of the
organization.
3. Customer Value Strategy: Ethical standards in business are based on customer focus and
commitment to providing value to our customers. When an organization is committed to
improving the lives of its customers, it is when that trust is breached that it would be a
strategic concern.
5. Customer service integrity: Service integrity is primarily after-sales service. It's easy to
make promises before selling, but following through and delivering a great customer
experience is what makes some organizations stand out.
• Self-service optimization. Find ways for customers to interact with your business when
they want to.
• Data management and analytics. Using data collected from customers to analyze their
preferences.
• Marketing driven by statistics. Gain insights about your business from customer data to
target marketing more effectively.
CRM or Customer Relationship Management is as old as business itself. However, in the last
few decades, the meaning of CRM has changed to CRM software. The concept of CRM has
evolved to a great extent, especially in the Indian context. A few decades before, it was
mostly used by large enterprises and was also limited to basic functionality, generally just a
customer database. However, in recent years, small and medium-sized enterprises have also
started using CRM. This has been made possible by the advent of newer technologies and
concepts such as SAAS and social media integration. Now, the scope of CRM has also
increased from just a customer database to a 360° view of customer interactions from various
channels, including but not limited to phone, chat, email, customer portals and mobile apps.
Social CRM
The latest buzzword in CRM is social CRM. Consumers and buyers rely heavily on social
media to make purchasing decisions. So salespeople use CRM with social media features to
track and influence buyers' buying patterns. With the advent of online e-commerce, the
importance of social media in CRM has increased manifold.
As email became the primary tool for business communication, people began to realize the
importance of email automation in their CRM strategy. In the case of CRM definitions, the
line between marketing and sales has slowly started to disappear. Email marketing has started
to become part of CRM.
Internal sales
In addition to the marketing and sales department, the internal sales team also began to take
shape. Inside Sales is more relevant to B2B compared to B2C. The primary role of the inside
sales team was to generate direct leads for the sales team or to conduct prospecting for leads
generated by the marketing teams.
Mobile CRM - Enterprise to Personal
Cheap smartphones with more affordable mobile internet plans have helped push Mobile
CRM to the next level. Mobile CRM has completely changed the way CRM is understood
and used in India. It has now become one of the biggest productivity tools for sales and
service teams.
The integration of telephony and CRM has led to the popularity of Call Centers or better
known as Contact Centers. Initially this was achieved with On Premise Telephony Servers.
These are now being replaced by Cloud Telephony Solutions. It has become essential for
businesses to use a telephone solution to interact with their customers. Therefore, the
integration of telephony with CRM is a must.
Initially, CRM was used as a customer database and an extension of any larger ERP
implementation. These were large database applications that had basic query management
functionality. The primary purpose of these CRM systems was to provide MIS reporting.
These were reporting tools rather than the everyday productivity tools that CRM is today.
MIS reports were used only by the marketing division to understand customer segments and
target marketing efforts accordingly.
Initially, CRM was only available to businesses due to its enormous cost. This was due to the
expensive software and infrastructure required to implement CRM. But SAAS changed
everything. Now expensive CRM software has become available as a service, available to
almost everyone. The biggest challenge in mainstream SAAS adoption was internet access.
With the widespread use of the internet across the country and the cheapening of broadband,
CRM is available to almost everyone and everywhere in India. The mobile internet revolution
in India is also changing the CRM landscape in India to an extreme level.