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DEPARTMENT ..Management..
Masters of Business Administration
Subject Name: Customer Relationship Management
Code: BAB-754
Customer Lifecycle
Management DISCOVER . LEARN .
1
EMPOWER
Customer
Relationship
Management
Course Outcome
CO Number Title Level
Remember
CO1
To answer as to how customer relationship management
works and the factors that influence its success
Will be covered in
Understand
this lecture
To understand customer needs, fulfill customer requirements,
CO2
resolve customer complaints and retain customers
Understand
To understand the approaches to and guidelines used to
CO3 analyze challenges in CRM and make strategies to resolve the
same.
2
Three reasons to invest in Customer touch point
management
Retain
Customer
Engagement
Grow
Serve
Onboard
Acquire
Target Customer Lifecycle
Personalize the experience a customer has with you over time
Phase 1: Recognize:
- Brand management
- Content Targeting
- Customer Segmentation
Phase 2: Anticipate
- Email marketing
- Site marketing
Retain
- Geo targeting
Customer
Phase 3: Engage
Engagemen
t -A/B Testing
- Predictive offers Grow
- Mobile Marketing
Serve
Onboard
Acquire
Target
Customer Lifecycle
Personalize the experience a customer has with you over time
Acquire: Persuade the customer that you will
meet and exceed needs
Phase 1: Recognize:
- Offer Management
- Persuasive content architecture
Phase 2: Anticipate
- Community
- Recommendations
- *Scenario management
- Rich media
Retain
Phase 3: Engage
Customer - *Behavioral Targeting
Engagemen - Instant Messaging
t
Grow
Serve
Onboard
Acquire
Target
Customer Lifecycle
Personalize the experience a customer has with you over time
Onboard: Convert prospects into customers
Phase 1: Recognize:
- *Commerce
- *Merchandising
Phase 2: Anticipate
- *Product configurations
- *Rich Visualization
Phase 3: Engage
- Guided Selling
- Contract Management
Retain
Customer
Engagemen
t
Grow
Serve
Onboard
Acquire
Target Customer Lifecycle
Personalize the experience a customer has with you over time
Serve: Allow customers to self serve in a
collaborative environment
Phase 1: Recognize:
- Account Management
- Customer Feedback
- Ratings
Phase 2: Anticipate
- Issue resolution
- Real time alerts
Retain
Phase 3: Engage
- Click to call
Customer
- Innovation management
Engagemen
t
Grow
Serve
Onboard
Acquire
Target
Customer Lifecycle
Personalize the experience a customer has with you over time
Grow: Deepen your relationship with your
customer base
Phase 1: Recognize:
- Online Community’s
- Special Pricing
Phase 2: Anticipate
- Cross Sell
- Lifecycle dialogs
Serve
Onboard
Acquire
Target
Customer Lifecycle
Personalize the experience a customer has with you over time
Phase 1: Recognize:
- Enhanced content
-
Phase 2: Anticipate
- Event based dialogs
- Knowledge Base
- Expert location
Retain
Customer
Phase 3: Engage
Engagemen - Click to call
t - Instant messaging
Grow
Serve
Onboard
Acquire
Target
Customer Lifecycle
Customer Lifecycle Management For
Mobile Marketers-A Case Study
Why Customer Lifecycle Management
CLM is the process of marketing to customers based on the stage they are
in
Building blocks of effective CLM
3. Real time,
personalized, automated
Right message to the right customer at the campaigns
right time, through the right channels
Segmentation
Segmentation engine
has to run real-time
Timely
Communication
• Copy: right
length, clear
• Tonality –
conversation
al,
arousing
curiosity
Onboarding journey
1
Onboarding: points to ponder
1
References:
1.Brealey, R. (1983). Risk and return on common stocks. Cambridge, MA: MIT Press. Brennan, R.,
Canning, L., & McDowell, R. (2010).
2.Business-to-business marketing (2nd ed.). London: Sage Publications. Capon, N., & Glazer, R.
(1987).
3.Marketing and technology” a strategic alignment. Journal of Marketing, 51(July), 1–14. Cui, A. S.
(2013).
4.Portfolio dynamics and alliance termination: The contingent role of resource dissimilarity. Journal
of Marketing, 77, 15–32. Day, G. (1977).
5.Diagnosing the product portfolio. Journal of Marketing, 41(April), 29–38. De Reyck, B., Grushka-
Cockayne, Y., Lockett, M., Calderini, S. R., Moura, M., & Sloper, A. (2005).
6.The impact of project portfolio management on information technology projects. International
Journal of Project Management, 23(7), 524–537. Fournier, S., & Avery, J. (2011).
References:
7. Putting the relationship back into CRM. Sloan Management Review, 52(3), 63–72.
Frei, Frances X. (2008, April 1–14).
8. The four things a services business must get right. Harvard Business Review (Prod.
#: R0804D-PDF-ENG). Friend, S. B., & Johnson, J. S. (2014).
9. Key account relationships: An exploratory inquiry of customer-based evaluations.
Industrial Marketing Management, 43, 642–658. Gabas-Varini, E. (2003).
10. Project portfolio management: Get more value from IT investments. Whitepaper,
available at http://projectmanagement.ittoolbox.com/documents/ document.asp?
i=897
THANK YOU
For queries you can reach me on
Email: bhupinder.chahal@cumail.in