MBA Operation Project on ECRM Strategies of Indian Companies
MBA Operation Project on ECRM Strategies of Indian Companies
Abstract
In recent years, changes in Indian customers' lifestyles have resulted in a significant increase in the number of fast food retail outlets in the nation. Customer relationship management (CRM) and e-CRM (electronic CRM) are set to expand in the face of the country's rapidly changing demographics and economic climate, with many businesses going online not out of choice, but out of need (Feinberg et al., 2002). Fast food outlets are increasingly responsible for managing client connections, with relationship marketing, CRM, and e-CRM receiving special emphasis. In order to maintain a connection with consumers, marketing tactics must have an electronic component. It is thought that e-CRM may be a useful tool for building customer connections and allowing businesses to create lucrative partnerships. This study examines the problems surrounding the use of e-CRM technologies by fast food restaurants to preserve client relationships, as well as their effectiveness.
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Introduction
Understanding customer requirements and developing marketing strategies to target customers has been a focus in the strategic development of the customer centric approach. The internet and telecommunications have given these endeavours a whole new dimension. Furthermore, the increasing competing activities and changing lifestyles of customers have exacerbated the difficulty of capturing the attention of consumers via successful marketing efforts. Marketing strategists have long been concerned with consumer purchasing habits. The increasing disposable income levels of middle-income groups, as well as the availability of new ways to spend money, have fueled recent developments in the Indian market.
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Conclusion
The e-CRM should be used to convey the marketing strategy's emotional component. By improving services and adding a surprise aspect to the encounter, it should be able to establish a long-term relationship with the client. The information should be presented in such a way that it does not cause dissonance in the customer's thinking. Companies that correctly utilise and implement customer collection, storage, and management strategies may benefit from better service delivery and profitability. Creating consumer confidence necessitates the use of technologies that aid in a productive and long-term relationship with the client.
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Or call us +91 9481545735
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