The Principles of Successful CRM

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Claudia Imhoff


Program Track:
Straight Talk

Program Duration:
32 Minutes  



Value Category: Learning
Key Issues: What is CRM? What is Operational CRM? What is Analytical CRM? How do Operational and Analytical CRM support an overall CRM initiative? What are the components of the CRM architecture? What are the four critical success factors that ensure a successful CRM project? How have others used the five principles of CRM to support their CRM initiatives?
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Business Management
Customer Relationship Management
Data Management
IT Management
eBusiness
 
    
Claudia Imhoff, President and Founder of Intelligent Solutions, Inc., a leading provider of business intelligence and Customer Relationship Management (CRM) consulting, education and seminars, reveals the differences between operational and analytical CRM. The program looks at the principles of CRM and its critical success factors. Imhoff discusses how operational and analytical CRM are used in support of an overall CRM initiative. She describes each component in the architecture and provides examples of their usage. Imhoff also presents an example of the CRM process, demonstrating how these various components come into play. The five principles of CRM, according to Imhoff, are: (1) Customer knowledge is the lifeblood of business; (2) We recognize the differential value of our customers and invest accordingly; (3) We strive for a 360-degree view of our customers; (4) Our strategic conversation is guided by new technology; and (5) We have a plan, and we're poised to deliver. In her discussion of these principles, Imhoff details how operational and analytical CRM are used in support of an overall CRM initiative. She describes each component in the architecture and provides examples of usage. Imhoff also presents an example of the CRM process, demonstrating how these various components come into play. The program concludes with four critical success factors to ensure a successful CRM project: forging a business partnership between the business community and IT, establishing well-defined and appropriate business requirements, recognizing that change is inevitable, and establishing a dependable supporting architecture.

After watching this program, you will:

~ Know the five principles of CRM and its critical success factors;

~ Understand the differences between operational and analytical CRM; and

~ Understand how a technical architecture called the corporate information factory supports the components of CRM.

PROGRAM TOPICS:

  • TRACK DESCRIPTION
  • INTRODUCTION
  • Program Value Statement
  • AGENDA
  • THE FIVE PRINCIPLES OF CRM
  • Define CRM
  • The First Principle in CRM: Customer Knowledge Is the Lifeblood
  • Customer Knowledge: Who Are Customers?
  • Customer Knowledge: Customer Tiers
  • Customer Knowledge: Relationship to Your Organization
  • Customer Knowledge: Relationship to Your Organization – Influence Value
  • Customer Knowledge: The Customer Life Cycle
  • Customer Knowledge Case Study: Dell Computer's Use of Customer Knowledge
  • The Second Principle in CRM: React to Differences in Customer Value
  • Customer Value: Who Are Our Best Customers?
  • Customer Value: BI and the Corporate Information Factory
  • Customer Value: Business Intelligence Stages – Data Acquisition
  • Customer Value: Business Intelligence Stages – Analysis
  • Customer Value: BI Throughout the Customer Life Cycle
  • Customer Value: BI and Determining the Value of Customers
  • The Third Principle in CRM: Seek a 360-Degree View of Customers
  • Broad Perspective on Customers: Business Operations Generate Information
  • Broad Perspective on Customers: Integrating Current Information
  • Customer Perspective Case Study: Continental Airlines' Operational Data Store
  • The Fourth Principle in CRM: New Technologies Should Guide Strategies
  • New Technologies and CRM Strategy: Operational and Strategic Components
  • New Technologies and CRM Strategy: Federal Express' Web-Based Support
  • The Fifth Principle in CRM: Deliver on Your Plan
  • Delivering on Your CRM Plan: Pitfalls of Not Planning – Customer Information
  • Delivering on Your CRM Plan: Advantages of Planning - View of the Customer
  • Delivering on Your CRM Plan: Organizational Elements
  • A Review of the Five CRM Principles
  • FOUR CRITICAL SUCCESS FACTORS TO ENSURE SUCCESS WITH CRM
  • Critical Success Factor 1 for CRM: Strong Partnerships
  • Critical Success Factor 2 for CRM: Define Your Business Problems Carefully
  • Critical Success Factor 3 for CRM: The Organization Must Change
  • Critical Success Factor 4 for CRM: Create a Sensible Architecture
  • CONCLUSION
  • FOR ADDITIONAL INFORMATION

    AVAILABLE ON:

    Videotape, CD-ROM, Internet, Intranet

    Presenter:

    Claudia Imhoff
    View Bio | Email the Expert

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