Recently, the world has seen a major shift in business practices and
attitudes. Experts agree that companies have much to gain by moving away
from inward-looking, product-focused organizations to becoming an outward-
looking, customer-focused business (McKeown, 2001). Customers today have
more powering the current marketplace and businesses must compete based on
relationships, rather than simply relying on the basic products and
services customers have come to expect.
In addition to traditional direct channels, companies are moving to the
Internet and also working with channel and alliance partners to meet
customer needs. E-commerce has become a necessity for competition, and
businesses must carefully manage networks of relationships to build loyal
and profitable end customer relationships. However, the term "customer
centric" goes beyond simply being nice to customers - it is more concerned
with really understanding how to deliver an outstanding customer
experience, which, in turn, results in tangible, bottom-line results.
Customer Relationship Management (CRM) is "a business strategy to get,
grow, and retain the right customers, leading to long-term profitability
(Thompson, 2003). Thanks to the Web-accelerated power shift to customers,
CRM is essential to create a sustainable competitive advantage based on
Customers' expectations are high. In today's business environment,
interaction with customers must be more sophisticated, intelligent and
personalized (McKeown, 2001). For an ecommerce business environment to
succeed, it must exceed expectations at every interaction. Therefore,
businesses are using CRM measures to build and maintain their online
CRM involves reaching out to prospects, customers and business associates
with an invaluable proposition and building ongoing interactions, which
deliver value to all involved. CRM extends this principle by maximizin
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