Trends

The chastening effect of the recession has many financial services firms taking a cautious view of future CRM investments. One reason is that these firms are husbanding their resources. Another is a growing awareness that investments in CRM by the financial sector have not been all that successful.

Customer relationships are damaged when companies hear too late about customer concerns or issues to do anything to repair them. Even worse, many crucial concerns aren't being heard by the right people at an organization. For example, are managers aware of which customers are unhappy? Did an employe...

There's no longer any debate about whether social media's going to have a huge impact on CRM. Social media's a little different than the usual emerging business technology, mostly because it didn't begin as a business technology. It started with consumers -- and how they use it varies dramatically.

For decades, organizations have been dealing with the challenges of driving better, more effective customer service. Traditional CRM solutions have focused on presenting consolidated customer information, but they still rely heavily on employees to resolve customer issues. This means that the custom...

The economic stimulus assistance injected into major industrial countries to counter the effects of a global recession shone a spotlight on the need to rebuild their infrastructures. The need to manage such public works investments efficiently has generated a huge potential market for project manage...

Organizations with the most loyal customers not only measure and monitor employee interactions with customers, but also share that feedback with employees. This creates a closed-feedback loop that allows customer-facing staff members to understand the impact of their interactions on customers, enabl...

Online measurement has become increasingly focused on the integration of online behavior with customer marketing touch-points. Taking a complete view of the customer acquisition life cycle will often generate numerous potential integration points that can be profitably exploited. The goal of every...

Some think of it as just an offshoot of CRM. Others view PRM, or partner relationship management, as interchangeable with sales force automation. The reality is PRM is coming of age in its own right, as manufacturers and technology companies struggle to manage their highly complex -- and constantly ...

Today, loyalty programs come in all shapes and sizes, and they give retailers, financial institutions and hotels opportunities to reward their best customers like never before. New loyalty solutions help track customers' spending trends, including when and how much they are spending. Targeted market...

As the systems that run the way we work and live become smarter, the workplace as we know it is undergoing dramatic and dynamic change. The challenge organizations face is embracing the rapid shifts in today's world for their own advantage rather than resisting them. In the face of this challenge, ...

Small projects, though often overlooked, can make up the bulk of the portfolio and are crucial to a company's success. They might not involve large sums of money, but the fact is that if managed improperly, these small projects can add up to some major costs in the long run. The good news is that ...

Aretha Franklin didn't intend it, but she offered a powerful business lesson when she sang "R.E.S.P.E.C.T -- find out what it means to me." Customer relationship management has evolved into customer experience management, and respect is the biggest part of providing an excellent customer experience....

The concept of "the funnel" is a sacred cow in marketing. The basic concept of leads progressing through a series of steps of escalating interaction until they finally make a purchase is intuitive. At the macro level, it is fairly easy to model the funnel and assign labels to each step -- awareness,...

The last 10 years has brought sea changes to the customer service industry from both operations and technology standpoints. Organizations have moved away from traditional domestic live phone support toward new technologies and business models such as interactive voice response, intelligent scripting...

These days it's hard to have a conversation that doesn't eventually roll around to the state of THE ECONOMY. What's amazing is that, at this point, no one needs to use adjectives when they refer to THE ECONOMY. We've stopped bothering with words like "bad," "down" or "tough." We all know how things ...