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CRM-MB19 S-1
MBA-BM 2019-21: Term-V

Customer Relationship Management

Credits 3.0
Faculty NameProf. Sunil Pinto
ProgramMBA-BM
Academic Year and Term2019-21 Term V








1. Course Description

2. Student Learning Outcomes (typically 3-5 bullet points)
· Have a clear understanding of CRM as a concept and practice and its relevance in today’s business environment.
· Understand the various components of a CRM and its impact on acquisition and retention of customer.
· Be aware of the various tools and technology for managing CRM databases and communications
· Be ready for implementation of various aspects of CRM in their business practices.

3. Required Text Books and Reading Material

· Customer Relationship Management: Concepts and Techniques ( 3rd Edition) – Francis Buttle and Stan Maklan
· CRM at the Speed of Light, Fourth Edition: Social CRM 2.0 Strategies, Tools, and Techniques for Engaging Your Customers - Paul Greenberg
· Data-Driven Marketing: The 15 Metrics Everyone in Marketing Should Know - Mark Jeffery
· HBR Articles and Case Studies outline above

4. Tentative Session Plan
Session Number
Topics/Activities
Reading/case list etc.
1
Customer Relationship Management – an introduction
- Development of Customer Relationship Marketing.
- Benefits of CRM
2
Customer Relationship Management – an introduction
- Classification of CRM – Strategic, Operational, Analytical, Collaborative
- Models of CRM – IDIC, QCi, Payne, Gartner
3
Understanding Relationships
- Transactional vs Relationship Marketing
- CRM vs Relationship Marketing
- Type of Relationships in Business
HBR Article: July 2014
Unlock the Mysteries of Your Customer Relationships: Jill Avery, Susan Fournier and John Wittenbraker
4
CRM – People, Processes, Technology
- CRM as an integrated Business Strategy
- People’s role in CRM
- Integration of Processes and Technology
- Customer Centricity
Forbes Article: February 2020
Customer-Centricity: Principles, Practices And Outcomes: Annette Franz
5
Database Basics Role of Data in Customer Interaction
- Types of Data
- Sources of Data
- Data Management Processes and Tools
HBR Article: August 2016
Extracting Insights from Vast Stores of Data: Rishad Tobaccowala and Sunil Gupta
6
Data Privacy and Security
- Data Privacy
- Permission Marketing
- GDPR
HBR Article: April 2018
GDPR and the End of the Internet’s Grand Bargain: Larry Downes
7
Data-Driven Marketing
- Components of Data- Driven Marketing
- Big Data & its components
- Data Analytics - overview
8
Data-Driven Marketing Metrics
- Critical Marketing Metrics – RFM, CLV, NPS
HBR Case Study: Mar 2015
Maru Batting Centre
9
The Customer Lifecycle
- Stages in the Customer Lifecycle
10
Customer Journey
- Stages in the Customer Journey
HBR Article: Nov 2015
Competing on Customer Journeys: David C. Edelman and Marc Singer Salesforce Automation
Session Number
Topics/Activities
Reading/case list etc.
11
Customer Acquisition - Marketing Automation
- Marketing Automation
- Marketing Automation Tools and Platforms - Reviews of Tech Videos and Case Studies
12
Customer Acquisition - Sales Automation
- Salesforce Automation
- Sales Automation Tools and Platforms - Reviews of Tech Videos and Case Studies
13
Customer Retention - Service

Automation
    - Service Automation
      - Voice of Customer
      HBR Article: Feb 2018
        The Parts of Customer Service That Should Never Be Automated: Ryan W. Buell

        14
        Customer Loyalty
        - Types of Loyalty
        - Basis for Loyalty Programs
        - Loyalty Program Design and Benefits
        HBR Case Study: Feb 2016
        Starbucks’ Loyalty Reigns
        15
        Customer Loyalty Benchmarks
        - AIMIA
        - KPMG
        16
        Social CRM
        - Understanding the Social Customer
        - Need for CRM is the Social Context
        17
        Social CRM
        - Social CRM Strategy and Implementation
        - The 5Ms
        - Use Cases
        HBR Article: Feb 2015
        Why Your Customers’ Social Identities Matter: Guy Champniss, Hugh N. Wilson and Emma K. Macdonald
        18
        Project Presentations
        19
        Project Presentations
        20
        Future of CRM
        - Upcoming Trends in CRM – AI, AR and beyond
        HBR Article: June 2015
        The Internet of Things Is Changing How We Manage Customer Relationships: Ric Merrifield

        5. Evaluation
        Class-participation:
        10
        Quiz/ Individual Assignments
        20
        Group Project
        30
        Final Exam
        40
        Total
        100

        6. Academic Integrity

        Created By: Alora Kar on 09/21/2020 at 09:51 AM
        Category: BM 19-21 T-V Doctype: Document

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