Answer To: ITIS101 IT and Business Processes Assessment 3: Individual Case Study S2 2021 Due Date: Week 10...
Deblina answered on Jul 25 2021
Customer Relationship Management: Best Travel 13
CUSTOMER RELATIONSHIP MANAGEMENT: BEST TRAVEL
Executive Summary
Due to the increased and intense competition in the global marketplace many organizations are significantly using and inculcating customer relationship management to manage and enhance customer relationships in the industry. A good customer relationship is effective and is associated with benefits and increases competitive advantages of the organization. In this era of technology, electronic customer relationship management is also acknowledged as another potential solution for business operation. This paper presents the effectiveness of the Customer Relationship Management Solutions in a fast-growing Sydney-based transport Company, Best Travel. It focuses on the discussion regarding the importance of customer relationship management for the Best Travel. Further elaboration of the business processes concerning customer relationship management is provided in this assignment. It also evaluates the CRM systems and the possible challenges Best Travel might face in the implementation of CRM in their organization.
Table of Contents
Introduction 4
Customer Relationship Management 4
Importance of Customer Relationship Management for Best Travel 5
Business Processes for Customer Relationship Management 7
Customer Relationship Management Solutions 9
Collaborative CRM systems 9
Operational CRM systems 10
Analytical CRM systems 10
Challenges to Customer Relationship Management in Best Travel 11
Conclusion 13
References 14
Introduction
The global business environment has become a dynamic and ever-expanding phenomenon by removing boundaries that compels the business organization to compete in the global market. This aspect of increased competition in the global marketplace has forced the companies to focus on their relationship with the customers. These rapid changes and the metamorphosis in the global scenario have impacted the companies to meet the environmental alterations by using customer relationship management. This aspect was effectively carried out to create a competitive advantage and become a profitable company. The Best Travel is a Sydney based transport company which has experienced an effective growth in the past years. Recently they are planning to deploy a customer relationship management solution for strengthening its electronic customer relationship management. Therefore, it is evident to build a certain robust system to effectively improve business processes, keep account of the movement of goods, enhance customer relations and enhance productivity.The report documents the importance of customer relationship management of Best Travel in their business processes and also depicts applications of customer relationship management based on features, price, and the challenges expected from its implementation.
Customer Relationship Management
The evolution in the business environment and marketing strategies had compelled the companies to adopt certain changes in the organization which altered the product-based approach to consumer-based structures. The key component to address this issue was customer relationship management. Customer relationship management refers to a customer-centric business model that structures the operation of the organization according to the needs of the customer and integrates marketing, sales, production, logistics, and accounting with an effective focus on the customer (Guha, Harrigan & Soutar, 2018).
It is evident to note that technological developments have digitalized consumer behavior and patterns. Hence, businesses are opting for better ways to communicate and interact with customers by using electronic customer relationship management. Electronic customer relationship management allows businesses to understand customer behavior and forecasts according to customer needs through an effective study of online activities (Marolt et al., 2020). An effective electronic customer relationship management improvises the levels of interaction between the customers and the service provided by an organization.
Importance of Customer Relationship Management for Best Travel
A transport company plays a prominent role in the service sector. The features of the services are intangibility of the service performance, greater involvement of the customers in the business processes, effective problems in maintaining the quality control and the standard of the service, and the importance of time as customers limit the amount of time expecting a better service.
So, to keep the customer satisfied Best Travel must maintain an effective relationship with the customers and should decide about the extent of services and facilities that they will provide to their customers. It is evident to have proper knowledge about the preferences of the customer and thereby develop and design services according to their preferences. Moreover, it is also important for Best Travel to provide services to the customers at a suitable price and deliver them effective services through an efficient network system.
The application of CRM in the transport company helps to provide cost-effective services to the consumers. It is an essential aspect to achieve consumer satisfaction by adopting CRM strategy and use it as an effective tool for survival and become successful in the competitive market. The technological application of CRM by Best Travel will help to develop a database about the customer's demographic, physiographic, and behavioral elements. These databases will help the firm to analyze and profile the customers accordingly and help in customizing services provided to them.
An effective customer relationship management also promises to improvise the capability of the front office through back-office operations. Researchers view that the organization profoundly focuses on enhancing the thirty functions of the customers. An electronic customer relationship management can enhance customer interaction, relationships, and personalized opportunities. Thus, Best Travel should employ electronic customer relationship management for improving quality and productivity performance. This would enhance the customer's satisfaction, which would effectively retain the existing customer and lead to repeated purchases and loyalty. So, good customer relationship management is important to motivate customers by adjusting the products and...