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Chapter 19 : CRM and E-Business

Defining CRM

    Strengthening Relationships with Existing Customers
    Using Customer Information to Provide Better Service
    Creating Customer Value and Loyalty
    Implementing Integrated CRM Solution Strategy

Functions of CRM

    Attracting New Customers
    Generating More Business from Existing Customers
    Retaining Profitable Customers

The E-CRM Architecture

    E-CRM Components

E-CRM Infrastructure Requirements

    Integration of Customer Content
    Integration of Customer Contact Information
    Integration of the Extended Enterprise
    Integration of Systems

CRM for E-Customers

    Targeting E-Customers
    Acquiring E-Customers
    Retaining E-Customers

Challenges in Implementing E-CRM Projects

Chapter Summary

In this chapter, we have studied in detail about how to manage customer relationships online.

The chapter discusses about the key elements of CRM that includes acquiring new customers, generating more business from existing customers and retaining profitable customers.

It also explains four types of business integration which is crucial for an efficient e-CRM infrastructure including integration of customer content, customer contact information, extended enterprise and systems.

Finally, the chapter discusses various organizational challenges faced while implementing CRM and explains CRM strategies for targeting, acquiring, and retaining e-customers.

 

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