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The role of CRM within corporate strategy

A general analysis

The role of CRM within corporate strategy
Über dieses Buch
  • Art: Bachelorarbeit
  • Autor: Jörg Pfeiffenbrück
  • Abgabedatum: Mai 2004
  • Umfang: 80 Seiten
  • Dateigröße: 1,3 MB
  • Note: 1,0
  • Institution / Hochschule: Högskolan i Halmstad (Halmstad University) Schweden
  • ISBN (eBook): 978-3-8324-4066-4
  • ISBN (Paperback) :
    978-3-8324-4066-4 P
  • ISBN (CD) :978-3-8324-4066-4 CD
  • Sprache: Englisch
  • Prämierung:
  • Arbeit zitieren: Pfeiffenbrück, Jörg Mai 2004: The role of CRM within corporate strategy, Hamburg: Diplomica Verlag
  • Schlagworte: marketing, company, corporate culture, customer relationship management, empiricism

Bachelorarbeit von Jörg Pfeiffenbrück

Abstract:

Doing business is easy. Doing business successfully is difficult. Doing business successfully in the long run is a real challenge to management and employees.

Companies are driven by the pursuit for growth, and profitability. The increasing globalization process is creating fierce competition. The need for a clear strategy, a guideline is essential to succeed permanently. This means to shift the concentration from short term objectives to long term ones, based on the main determents of success – the customer.

The purpose is to find out whether companies are putting strategic emphasis on Customer Relationship Management (CRM), that is, if companies perceive CRM as an important part of their strategy in general or if CRM is an unused tool and is given less intention.

Two parts – a theoretical and an empirical one – are the main components of this thesis. The theoretical part covers three important issues – strategy, CRM and the combined view on both single parts. The empirical study is based on a quantitative method – a questionnaire containing 10 general questions regarding CRM and strategy – which includes the response of 106 companies mainly from Sweden and Germany.

Stating to be customer oriented is only one thing of the medal. To obtain and to maintain customer focus when doing business is far more difficult. It demands understanding of the complexity, commitment, expertise and time. Obstacles derive from a false interpretation of what customer-led means, from reluctance to change, a lack of communication, and eagerness. Without having a strategy it is nearly impossible to be accomplished. The successful alignment of CRM components and other strategic issues to one viable corporate strategy is essential for future success. This includes constant innovation, foresight, and freedom of mind and thoughts.

Table of Contents:

Abstract 2
Introduction 2
Purpose 2
Method 2
Analysis and conclusions 3
Table of Content 4
Table of figures and tables 6
1. Introduction 7
1.1 Background 7
1.2 Problem discussion 8
1.3 Purpose 9
1.4 Limitations 9
1.5 Disposition 9
2. Methodology 11
2.1 Scientific approach 11
2.1.1 Induction 11
2.1.2 Deduction 11
2.1.3 Our approach 11
2.2 Research method 11
2.2.1 Qualitative 12
2.2.2 Quantitative 12
2.2.3 Our method 12
2.3 Method for collecting data 13
2.3.1 Secondary data 13
2.3.2 Primary data 15
2.3.3 Our data collection 15
2.4 The questionnaire 15
2.4.1 Requirements 15
2.4.2 Structure 16
2.5 Measurement 17
2.5.1 Validity 17
2.5.1.1 Internal validity 17
2.5.1.2 External validity 18
2.5.2 Reliability 18
2.5.3 Practicality 18
2.5.4 Validity, reliability, and practicality of our research paper 18
2.6 Limitations, obstacles, and constraints 20
3. Theoretical Framework 24
3.1 Definitions 25
3.1.1 What is a strategy? What is the use of it? 26
3.1.2 Types of strategies 28
3.1.3 Goals as basic function 29
3.1.4 Analysis models 31
3.2 Factors of influence during the strategy development 34
3.2.1 Information basis - determinants and interdependences 34
3.2.2 Dangers and their meeting mechanisms 36
3.3 CRM 39
3.3.1 What is Customer Relationship Management (CRM) all about – Definition of CRM 39
3.3.2 What is the goal of CRM? 40
3.3.3 The classic market relationship 45
3.3.4 Customer loyalty 47
3.4 Strategy and CRM 49
3.4.1 CRM as a strategic competitive advantage 49
3.4.2 The customer 50
4. Empirical Studies 52
4.1 Question 1 52
4.2 Question 2 52
4.3 Question 3 53
4.4 Question 4 53
4.5 Question 5 54
4.6 Question 6 54
4.7 Question 7 55
4.8 Question 8 56
4.9 Question 9 56
4.10 Question 10 57
4.11 Supplement 57
5. Analysis 59
5.1 Customer orientation and customer satisfaction/loyalty 59
5.2 Responsibility within the organization 60
5.3 Strategic element and corporate communication 60
5.4 Relationship approach 61
6. Conclusion and Reflections 62
6.1 Conclusion 62
6.2 Reflections 63
7. List of References 64
7.1 Books, Magazines, Articles 64
7.2 Internet Pages 66
Appendix 1 Secondary Data Search 68
Appendix 2 Examples of a customer experiences with customer services 69
Appendix 3 Introduction Letter (English) 71
Appendix 4 Introduction Letter (German) 72
Appendix 5 Questionnaire (English) 73
Appendix 6 Questionnaire (German) 76

Arbeit zitieren:
Pfeiffenbrück, Jörg Mai 2004: The role of CRM within corporate strategy, Hamburg: Diplomica Verlag

Schlagworte:
marketing, company, corporate culture, customer relationship management, empiricism

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