Showing posts with label Why Change?. Show all posts
Showing posts with label Why Change?. Show all posts

Monday, April 27, 2009

Are Facebook and Twitter just new channels?

Someone could argue that the new Web 2.0 platforms like Facebook, Twitter and co. are just additional channels that have to be supported by the existing CRM suite.

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Dealing with these platforms as additional channels will not bring the benefit they could provide, though. Accepting that the rise of the Web 2.0 is dramatically changing the consumers’ behavior, leads to a simple conclusion – Businesses need to change the way they deal with the ‘new customers’ as well!

This means that Facebook and Twitter are only the spearhead of what will come in the near future. They are indeed channels that need to be dealt with (the more agile, the better) BUT the way corporations make use of them needs to change as well. The whole corporate culture needs to change!
Adapting to the new consumer behavioral patterns leads us to what I call a CRM 2.0 strategy (any other term will do as well as long as it has the same meaning and results).

New questions must be asked:

  • How can I have a meaningful conversation with my customers?
  • How can I engage customers to take an active part in this conversation?
  • How can I leverage the knowledge and willingness of customers?
  • Does my corporate culture allow meaningful conversations (what changes are required)?
  • Do I know the little aches and pains of my customers? Are they dealt with?
  • Who are my customers and where / whom do the talk about products and services?

In the very end, this might be the end of the transactions based CRM (not counting any order management here…) towards a more dynamic, flexible, agile and customer centric environment that acknowledges that customers are persons – usually – that make the buying decisions often based on trust and relationships.

Monday, June 30, 2008

The Customer changes... so do companies?

I know this youtube video is pretty old, but it still perfectly visualizes what happens if companies do not change and adopt the new Web 2.0 world...


But is a CRM 2.0 strategy everything it requires to make customers happy? What else does it take to make consumers loyal to a brand or product - why and when do they become advocates?

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Monday, April 28, 2008

Why change?

Why should a company at all go for CRM 2.0? Does traditional CRM not deliver the same or better results or have less cost associated with it?

This is an interesting question that companies will ask themselves when it comes to implementing next generation CRM systems and processes. Not only the customers must see a value in sharing knowledge and data, but also the business must have a compelling reason to change!

Some good arguments for an upgrade to CRM 2.0 are:
  • The fast changing economy in our days
  • A different business climate compared to the 90s
  • Shorter product life cycles
  • Customer has more and more choice - products become a commodity
  • Differentiate through unique customer experience rather than price or quality
  • Loyal customers are more and more important to ensure enduring revenues
  • CRM applications got more flexible and richer in functionality