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Integrated Relationship Marketing Strategies in the Millennium.

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Presentation on theme: "Integrated Relationship Marketing Strategies in the Millennium."— Presentation transcript:

1 Integrated Relationship Marketing Strategies in the Millennium

2 We are living in a time that has variously been called  Information age  Knowledge economy, and  Age of discontinuity Continuous improvement is being applied more to processes than products

3 The add-on selling organisation focuses on  cross selling expertise,  effective communication of its offerings and their benefits to consumers  development of a coherent brand personality that can reach across multiple offerings  careful management of the offering portfolio

4 Building a customer base and brand equity is a long-run process of raising awareness, inducing trial and usage as a precursor to gain customer loyalty, and then tightening the relationship

5 Identifying the customer Identifying customer needs and expectations Measurement of customer satisfaction level, and Developing an improvement plan STRATEGY OF IMPROVING CUSTOMER RELATIONSHIP THE FOUR STEP PROCESS

6 FOUR SUB-STEPS IN DEVELOPING AN IMPROVEMENT PLAN Gap analysis matrix Complaint handling system Preventing recurrence of problems Appraisal of employees

7 It is essential that people at all management levels should commit to a single overriding purpose for the business to create a satisfied and loyal customer by delivering superior value The process of relationship building and loyalty management begins with the market targeting decision Contd..

8 The company’s mission statement should incorporate the overall definition of customer relationship focus and value Building and managing brand equity is a key part of building customer relationship and managing customer loyalty Marketing is no longer a separate management function, but a market-focused leadership for creating superior customer value and profitability such as adoption of CRM, innovation management and value chain management

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