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Abstract
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Article Information:
Customer Satisfaction and Profit Enhancement through Social CRM
P. Menaka, K. Thangadurai, M. Uma and M. Punithavalli
Corresponding Author: P. Menaka
Submitted: February 08, 2014
Accepted: March 30, 2014
Published: July 05, 2014 |
Abstract:
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Customer Relationship Management (CRM) is a concept for increasing companies’ profitability by enabling them to identify and concentrate on their profitable customers. CRM and knowledge management, have great influence in the success of an organization. A number of CRM approaches focuses on technology applications, but the critical role of knowledge management has now become an active research area. The customer’s value has become apparent for the leading companies in today’s competitive environment. Therefore they are constantly trying to improve their relationship with customers via their customer relationship management systems. Knowledge Management (KM) can also help to improve the quality of the information obtained by CRM. However, in order to be more effective, KM should be provided with a steady and ongoing process of gathering information from outer sources in cooperation with the CRM system. In this study, a Customer Knowledge Management (CKM) model has been integrated with CRM and KM in four stages. Then, in order to improve the performance of CKM, a Social CRM (SCRM) is proposed. SCRM would help in reaching the customer in a more efficient manner through online. SCRM can improve the overall profitability of the organization as direct feedback from customers are made available online which can motivate other customers to buy the products. This research study mainly focuses on the integrated SCRM model with CKM to compete with the online customers and to add values to the product based on the feedbacks of the customers.
Key words: Feedback, knowledge management, manufacturing profit, online service, social CRM, ,
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Cite this Reference:
P. Menaka, K. Thangadurai, M. Uma and M. Punithavalli, . Customer Satisfaction and Profit Enhancement through Social CRM. Research Journal of Applied Sciences, Engineering and Technology, (1): 48-55.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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