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100% Successful Management - The Ten Winning Behaviours
Management is all about being the one who facilitates business
or organisational success. Delivering the required results. It
can be daunting, yet with these ten simple ideas, it might not
be the impossible challenge...
Business is...
Debt Management Plans - Suggesting Ways to Survive the Quagmire of Debts
Before delving on what a debt management plan can do for you as an individual or as a business, it will be good to decide its scope. It is a misconception among many people that debt management plans can only be used for eliminating the existing...
'Fixed Ratio' Money Management
Money management is the most important and overlooked subject in
trading!
In my opinion, the best money management system for
Forex/Futures traders is outlined in great detail in Ryan Jones'
book The Trading Game: Playing by the Numbers to...
Innovative Form of Business Debt Management Saves Thousands
As any business owner knows, being sued can be a stressful,
time- consuming, and expensive experience. In fact, it can be
absolutely devastating for a business, leading to financial ruin
and even bankruptcy.
Add to that the public's...
Time Management Tips - How to Have a Filing System That Works
Recently I was working with a new client who had invested hundreds of dollars for a records management organisation to set up a filing system for his business.
The system looked impressive. The only problem was it didn't work! It had been...
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Customer Relationship Management
Changing consumer attitudes are driving Customer Relationship
Management. Fuelled by Internet induced expectations and an even
increasing mood of self reliance among customers, companies have
to compete in an environment where communication, buying
processes, data management, delivery and service are
all-important in the battle for longterm, profitable
relationships.
Customers now require:
- Control over the buying process (information, comparison,
selection, easy to find, use and respond to)
- The best possible price (including delivery, and without
compromise to brand or product quality)
- The quickest, slickest delivery system (preferably free)
- All payment options (secure)
- Communications designed to suit the particular need
(computerised; complex; caring)
The above apply whatever the form of trading:
- Direct - Traditional - Retail - E-commerce - Wholesale -
Combination
These attitudes combined with the development of new technology
and the growing convergence of a number of 'new - new' and
'emerging - new' communications and distribution technologies
such as:
- 'Fixed link' telephony and telemarketing - Internet and VOIP -
Mobile telephony, SMS etc. - Digital TV, Cable, Satellite
is leading to an increasing focus on Customer Relationship
Management by all types of organisations, as they realise that
technological change allows them to re-organise the way that
they manage customer relationships and make them more profitable.
Organisations are searching for something far more holistic,
consistent and yet dynamic.
To achieve that and a sustainable competitive advantage in
Customer Relationship Management means working with the
management team, staff and suppliers of the company, where
reasonable and cost effective using technology (e.g. intranet,
extranet) to help to deliver the actions necessary to maximise
performance.
One must:
- Define profitable market sectors and customers - Understand
customers needs and expectations - Identify profitable product
and service propositions - Create effective, efficient,
adaptable, cost effective infrastructures
Customer Relationship Management is: the customer focussed
management of the whole relationship with each customer, in
order to measure, create and increase income and reduce costs
for each customer and
customer segment and thus to generate
greater positive lifetime value across the portfolio.
Customer Relationship Management requires the organisation to
know the answers to questions such as:
- Which of my customers are profitable or unprofitable?
- Do I know their lifetime value?
- Which of my products and services are they buying and not
buying?
- Have I measured customers' purchase behaviour patterns, their
loyalty/retention/repeat purchase and multiple product purchases?
- What channel preferences do customers have?
- Who are my most profitable customers and what is their
ranking/grouping by risk, by product service grouping, by
profit, and by revenue?
- What strategies can I use to improve a customer's
profitability profile?
It also requires the organisation to deliver customer value.
Customers must feel that the organisation:
- 'Understands what I want' - 'Communicates with me' - 'Provides
me with added value' - 'Gives me reasons not to switch' -
'Treats me as an individual'
To achieve these answers Customer Relationship Management
requires focus on both sides of the equation:
- Customer Communications Management - Process Quality Management
and on three key delivery mechanisms, those of:
- Proposition - Processes - People
To be fully effective at Customer Relationship Management an
organisation has to position the business unit or enterprise
(proposition, processes and people) so that the customer is as
the centre of their business. True Customer Relationship
Management means that the business has streamlined customer
management through the integration of all customer 'touch
points', such as marketing, customer service and payment in such
a way that true customer satisfaction and loyalty appear to
occur effortlessly.
Customer Relationship Management is not a 'fad' it is a business
philosophy that helps to increase revenue, reduce costs and to
build and retain a loyal customer base.
About the author:
Richard Hill is a director of E-CRM Solutions and has spent many
years in seniordirect and interactive marketing roles. E-CRM
http://www.e-crm.co.uk helps you to grow by getting you more
customers that stay with you longer. We provide practical
solutions that pay for themselves. We help you to make sure that
your marketing works.
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About Management - business management - people management - and more |
THE starting place for exploring MANAGEMENT; helping new managers get started and experienced managers get better. |
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Management - Wikipedia, the free encyclopedia |
The phrase "management is what managers do" occurs widely, suggesting the difficulty of ... The management of a large organisation may have three levels: ... |
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Free Management Library |
Quality Management · Research Methods · Risk Management · Sales · Social Entrepreneurship · Staffing · Starting an Organization · Strategic Planning ... |
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Welcome to the American Management Association |
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The organization of choice for project management professionalism. PMI establishes Project Management standards, provides seminars, educational programs and ... |
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Management |
International review on management research. Peer-reviewed, occasional. Ejournal, with tables of content, abstracts and full articles available on-line. |
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Society for Human Resource Management |
Advances the human resource profession to ensure that HR is recognized as an essential partner in developing and executing organizational strategy. |
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FEMA | Federal Emergency Management Agency |
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning. |
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FT.com / Business Life |
Account Manager. Recruiter: Financial Times. Part Qualified Management Accountant. Recruiter: Robert Half Finance & Accounting ... |
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Small Business Management: Advice and Guides |
Online guide to small business management. Find articles, advice and how-to guides. |
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Academy of Management Online |
Academy of Management: This is the official web site of the Academy of Management, with information on membership, journals, list servers, web sites, ... |
www.aomonline.org |
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Business Management, Leadership and Decision Making Strategies and ... |
Provides business management articles, webcasts, online learning, and books as well as conferences focused on leadership and decision making. |
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Object Management Group |
Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP. |
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Management Reading | Global Executive | Business | Economist.com |
The one management thinker every educated person should read Nov 17th 2005 ... The story of Emerson's successful management process is fascinating. ... |
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Emerald: Home |
Publisher of journals in management and library and information services, engineering, applied science and technology. |
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Yale School of Management |
The mission of the Yale School of Management is to educate global leaders for business and society. We pride ourselves in providing a hard-edged business ... |
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US Office of Personnel Management |
Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs. |
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Waste Management |
Waste Management is the #1 Residential and Commercial Trash Service Provider. |
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US Office of Personnel Management |
Includes federal jobs listings, upcoming events, numerous humans resources reports, news releases and additional official information. |
www.opm.gov |
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