Multiple Chapters on "CRM at Gibca Group Companies"
Multiple Chapters 18 pages (5430 words) Sources: 15
[EXCERPT] . . . .
Customer Relationship Management at GIBCA Group CompaniesThe current era is generically recognized as the technological revolution, a time in which technological innovations and developments are made on nearly daily basis. This rapid pace of development impacts directly on all features of the every day life, from the preparation of the breakfast, to the complex analysis of the statistical information.
Within the business community, the technological revolution has created countless mutations. Examples in this sense encompass the inclusion of computers in the workplace, the usage of the internet or the development of intranets. This situation has lead to adjacent implications, such as a necessity to train the staff members to operate the technological applications or the best usage of the technologies to create competitive advantages. A specific means in which technologic applications can be used to create these advantages refers to the collection and processing of customer related information.
Modern day customers no longer represent the group which purchases whatever the company produces, but they have become the group which tells the companies what to manufacture and sell. This status quo was generated by the incremental forces of globalization, by the inclusion of technological applications in the manufacturing process or by the intensifying competition, all which presented the customer with a wider product and service offering. In this context, the clients became more pretentious and their satisfaction now represents the key component of business success.
Given this understanding of the modern customer, companies develop and
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CRM, as well as most marketing efforts, has traditionally been the focus of business models in service providing companies. Yet, at a global level, it has to be noted that more and more companies switch their focus from manufacturing to service providing. Within the United States for instance, nearly 80 per cent (76.9 per cent more specifically) of the entire national output is generated by service operations, with the remaining 21.9 per cent being generated by industries and 1.2 per cent by agriculture. In terms of the individuals employed in the sectors, over half of the total labor force is employed in the services sector (Central Intelligence Agency, 2010). This virtually translates into an increased propagation of the CRM practices throughout countries, industries and sectors.
Additionally, the forces of globalization have intensified competition within the manufacturing industries as well, meaning that it becomes more and more crucial for producers to integrate Customer Relationship Management as a means of ensuring customer loyalty. Today, CRM emerges within the non-service industries, but here, it can be observed in rather incipient stages.
2. Problem Statement
As a response to the new challenges within the contemporaneous market place, the GIBCA Group has turned its attention to the strategies of Customer Relationship Management. Yet, rather unfortunate, the company has been unable to adequately gather and process customer information. The poor management of customer data led in turn to poor results in the field of CRM, which subsequently materialized in poor sales levels at the GIBCA Group companies.
3. Study Objectives, Research Questions and Hypotheses
In light of the acknowledged problem, this research strives to identify and present means in which the customer data can be used in a more efficient means, which would in turn lead to superior implementation of the Customer Relationship Management tools and concepts. It aims to retrieve conclusions useful for the group in increasing its sales levels, but also for the individual companies which form the group.
The research commences at three premises, or three hypotheses, as follows:
a) When the company becomes better able to collect and use customer information, it will be better able to implement customer relationship management strategies. In other words, as the marketing team at the GIBCA Group interacts with the customer at the superior level, it will become better abet to understand his desires and to develop the adjacent strategies.
b) Higher quality CRM is better able to serve customer needs, and in turn, generate increased revenues, as well as revenue stability
c) The GIBCA Group places an incremental emphasis on Customer Relationship Management and will continue to do so in order to enhance customer satisfaction and organizational revenues.
In the verification and validation of these three hypotheses, the research will aim to answer the following questions:
1. What are the particularities of Customer Relationship Management at GIBCA?
2. How is the management of customer data related to Customer Relationship Management and how could improved management of customer data lead to improved CRM?
3. How does Customer Relationship Management improve organizational profitability?
4. What measures and strategies should the managerial team at the GIBCA Group develop and implement in order to better manage their customer data and consequently increase their profitability rates?
4. Significance of the Study
The research project on the implementation of Customer Relationship Management at the GIBCA Group is characterized by two distinct significances. First of all, there is the academic importance of the paper. From this standpoint, the work reviews and points out to some of the most important researches already conducted in the field. This virtually means that it recapitulates the already made developments, and additionally, that the study is relevant as it starts at proven and solid grounds. Another academic significance of the study is given by the approach taken in the analysis. In this order of ideas, the current paper looks at CRM through the lenses of customer data -- this approach is uncommon within the specialized literature.
Secondly, there is the managerial and practical importance of the study. From this standpoint, the research paper offers solid recommendations for the managerial team at GIBCA as to how they could use customer data to increase their profitability levels. The recommendations are viable at the overall level of the entire group, as well as the individual level of its component companies. Extrapolating, the findings in the study are also noteworthy of consideration for other managers in the construction industry or for managers administering large groups. All these parties would be introduced to the mechanisms of efficient Customer Relationship Management and they will be better able to implement the solutions to their own advantage.
5. Limitations of the Study
There are two sets of limitations -- academic and practical. The academic limitations -- or better said the academic challenges -- refer to the findings of theoretical conclusions within a real life situation. The practical limitations refer to the negative impacts which might be felt by the GIBCA Group companies, such as:
Reduced operational efficiency as more time is spent assisting the research process and professional duties might be neglected
The occurrence of internal tensions based on the results of the study as one company might be implementing CRM at superior or inferior levels relative to the other companies
Internal dissatisfactions on the part of the staff members who would be faced with the necessity to readjust their approach to professional chores.
Additionally, due to these limitations, but also due to issues which would be identified during the actual research, it is highly possible for the current study to raise new questions. And from an academic standpoint, the raising of new research questions is a strength of the research process.
6. Definition of Terms
Before launching the actual discussion on GIBCA and its customer data usage within Customer Relationship Management, it is of the utmost importance to pin point several terms which would be used throughout the development of the research project. They include:
CRM -- Customer Relationship Management -- the process of managing the means in which the company interacts with the customer base with the intent of increasing customer satisfaction and generating increased profits. More information on CRM will be offered throughout the Literature Review chapter, which, among other things, will contain several definitions of Customer Relationship Management, as they have been presented within the specialized literature.
Customer data -- information the company collects on its clients, such as their degree of satisfaction towards a certain product or service, their suggestions for improvement, their complaints and so on.
Organizational profitability -- a complex financial term which reveals the levels of profits a company makes; a distinction should be made between revenues and profits in the meaning that the profit is retrieved by the subtraction of the operational and other costs from the totality of the revenues. The levels of profitability are measured through the composition of several profitability ratios such as gross profit margin or net profit margin. In the context of the current research project, the profitability will be understood in a simplistic manner as the ability of the company to generate revenues in the context of the costs incurred (Investopedia, 2010).
Electronic business -- the… READ MORE
Quoted Instructions for "CRM at Gibca Group Companies" Assignment:
This dissertation is for MBA in Managing Information Systems Degree from University of Wales. It will be submitted to turnitin.com before submitting for evaluation. I need the following 2 chapters within 2 weeks. I need to make a part submission to my professor in 2 weeks. I will order the remaining chapters later. The part submissions will also have to go through turnitin.com
Problem Statement:
The inefficient use of customer data has led to the improper management of customer relationships which is affecting sales in the GIBCA Group companies. This research will investigate the ways to utilize customer related data more efficiently so as to improve customer relationship management at the group level as well as for the individual companies. This should ultimately lead to improved profitability at both the group and company level.
(You can tweak the problem statement if needed. You can make the scope narrower or broader as long as the theme of the topic stays the same. If you want to change the company or choose just one company from the group, it can be done also �*****" but let me know first)
Company Website: http://www.gibca.com/
All companies are B2B companies. And almost all of them cater to the construction industry. Check the site for more information.
CHAPTER ONE
1 Background of the Study �*****" This section should inform the reader with the problem to be dealt with, by establishing a frame of reference for the problem. It is generally expected to give a generic Fobal perspective to the environment in which the problem exists, and then filter down to the Country Perspective, the Industry Perspective and finally the specific Company Perspective.
2 Problem Statement: (GIVEN)
3 Aim, Goals and Objective) of the Study, Research Questions and/or Hypotheses �*****" This section should describe in detail, the Aim, Goals and research objectives, research questions, and/or hypotheses of the research.
4 Significance of the Study - This section should state the contribution of the research to theory, practice and policy.
5 Limitations of the Study - This section should discuss the limitations/constraints of the study.
6 Definition of Terms. This section provides operational definitions of all principal variables in the study.
7 Organization of the Project Paper. This section is always placed last in chapter one and informs readers on the summary of contents to be presented in each of the remaining chapters.
CHAPTER TWO
Literature review- The main purpose of the literature review chapter is to expand upon the context and background of the study, to further define the problem, and to provide empirical and theoretical bases for the research. In other words, this chapter needs to clarify the relationship between the proposed study and previous work conducted on the topic. Sub-headings should reflect the major variables of the literature review. It is recommended that the sub-section under each sub-heading begin with a sentence introducing the purpose, content or relevance of the literature to be reviewed in the sub-section and end with a sentence summarizing the conclusions or trends evident from the literature reviewed in that sub-section1.
Referencing style should be Harvard.
NOTE: please make sure the word limit is atleast 5400 or more. It is a 20,000 (total) word dissertation so the first 2 chapters should contain atleast this much words.
How to Reference "CRM at Gibca Group Companies" Multiple Chapters in a Bibliography
“CRM at Gibca Group Companies.” A1-TermPaper.com, 2010, https://www.a1-termpaper.com/topics/essay/customer-relationship-management-gibca/7278. Accessed 5 Jul 2024.
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