Monday, April 20, 2009

The ESSENCE of Customer Relationship Management

How often have you been managed so well as a customer of a product or service, that it instigated you to re-purchase the same brand? The answer might be close to never. Negating persevering attention to existing and potential consumers is a blunder that many people make. And this is especially true in public sector undertakings and this forces me into stating one of my dreadful experiences in an insurance company which I visited to pay the regular premium. It was insanely astonishing to notice the poor quality of service that was rendered which in turn made me look out for better servicing insurance companies.

It is satisfying though to come across some, who go beyond the rules of CRM to achieve customer delight and one such entity is C. Krishniah Chetty & sons that is existing since 1860’s. This prominent jewellery shop has served a diversified number of consumers from British of the pre-independent India to the younger and vibrant generation of today’s Incredible India. It boasts of the impeccable CRM software technologies which are consistently updated with relevant data relating to their broad array of consumers. Another important aspect they dwell on is the cultivation of existing consumers that extends a personal touch through custom design and wedding planning, C2C selling and buying brokerage assistance, hallmarking and a plethora of services.

Just making a sale would not classify you to be successful, it is what happens after sales is equally or more important that not only adds to the existing customer base but multiplies the numbers.

3 comments:

VIPUL RAI said...

rightly said...

company following the CRM concept to give a customer delight will alwayz have a better picture or brand image in customer's mind..if not product wise...but atleast when it comes to 'service' they surely gonna have positive picture...

...now i have 2 conditions

1)suppose i have a monopoly in a market....and consumers dont have any other option but to my product and services...(here comes the concept of "spurious loyalty") then do i really need to follow the CRM...???

2)if compare to the competitors my product is really goooooooooddddddd...do i need to follow CRM...???

...and if ur answer is ...'NO',...then can we conclude that CRM is used by certain organizations to cover up the flaws in their product and services...

...think...think...!!!

Marketing Essence said...

I would have to answer both questions with an even more specific insight into your question. The first one is to see the kind of stimulus response methods that they use to get consumers to make purchases. If they use instrmental conditioning to allure consumers then there requires to be CRM in place. Otherwise (and this is in seldom cases?), there seems to be no need for an effective CRM to exist.

Now, the second question can be a debateful one. The fact that the company betters itself from its competitors cannot just be a really gooodddd product only, it has to be backed by many other incentivised activities that the firm embeds upon the consumers and one of them must most definitely be CRM. I hope this answers a very interesting question that you have posed.

Thanks Vipul

Cheers

VIPUL RAI said...

yup... :)