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Managed the research of the probing CRM's role with current mass retailers' membership programs --Take A Company as an exampleChung, Wen-Sheng 21 January 2007 (has links)
Globalization, rapid hi-tech developments, and deregulations have heated up the competitions in retail industry. Retailers, in order to gain competing edge to stay in business, have to jump over board for substantial investments in new retail technologies to keep up the paces for business developments and services or for mere survival.
Yet, customers are the source of fund for a corporation and are the purposes of the existence of a corporation. At the forefront of a corporation, it is the focus on retaining existing customers and developing new customers (markets). It is about sales and marketing of which all require more sophisticated skills for paying attention to in this new information age. Therefore, CRM (customer relationship management) has become an issue that new computer technologies are used for gaining the edge winning customers. New technologies enable CRM to provide information and manage data faster than like never before.
This research study is quantities and qualitative analysis of CRM¡¦s role with current mass retailers¡¦ membership programs. We outline present consumer behaviors and market trends, as well as, identifying what future trends could be. We hope this research could server as references for top management decision making so that the CRM program(s) can be tailored to their needs.
The objectives of this research report are
1. Qualitative searches for definitions, benefits, and features of CRM
2. Connect the dots of marketing and information technology
3. Case study of mass market retailer¡¦s membership program
4. Future trend of CRM and what could impede the performance of a CRM program
We¡¦d draw the issues of why a corporation today needs to implement CRM, what results a CRM can bring for a corporation, and how a corporation could achieve with it.
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Creating value through relationships : a critical contribution from Social MarketingMarques, Susana Regina Bacelar de Vasconcelos January 2008 (has links)
Relationship marketing provides a new foundation for thinking, genuine change in values and ethics and a new logic that sees consumers as the prime drivers of the value creation process. It seems to have a lot to offer to social marketing, however, despite its potential, the social marketing field is responding slowly to relational thinking. This research demonstrates that relationship marketing helps social marketing and that its absence seriously undermines the field. Our examination is critical because it de-constructs the transactional paradigm and shows how its logic is incapable of responding to the complexities of contemporary pluralist societies. From the literature, we have identified the principles, processes and constructs of relationship marketing that are transferable to social marketing. Further, we have identified the challenges and implications of that transference, given the particular characteristics of social marketing. To empirically examine the potential of relationship marketing in social marketing, we have conducted a process evaluation and developed a specific framework that incorporates and reflects relationship marketing principles, processes and constructs. This research makes an important methodological contribution because it goes beyond current frameworks and suggests alternative evaluation components. The process evaluation was applied through an explanatory, holistic and single case-study design. The case was a parent drugs prevention programme and to examine it we have predominantly used a mix of qualitative methods and a research design which enabled triangulation. Through the application of process evaluation to the case we have de-constructed the dominant paradigm of the programme and examined its consequences. The findings indicate that the programme did not widely applied the principles, processes and constructs of relationship marketing. Despite having successfully applied relationship marketing in specific parts of the programme, these correspond to technical rather than strategic aspects of relationship marketing and worked as isolated parts rather than as a whole. More fundamentally, rather than seeing consumers as partners, the programme saw consumers as targets, not recognizing them as the main drivers of the value creation process. The programme was therefore shaped by a transactional perspective which affected its assumptions and undermined its design and implementation. The main conclusion is that, despite its theoretical potential, it is challenging and difficult to transfer relationship marketing to real live social marketing programmes. In particular, social marketing needs to be more reflexive and self-critical in order to de-construct its prevailing paradigm and start re-constructing an alternative. This demands not only a new attitude, new values and new assumptions but also a focus on resources, competences and new and more flexible organizational structures.
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Online romantic relationships transitioning offline : impact of intimacy and relationship uncertainty on relational characteristicsSchaefer, Kimberly Mary 12 October 2011 (has links)
Guided by a conceptual framework regarding how relationships experience points of transition, this research explored individuals’ perceptions of their online romantic relationship’s transition from a casual to serious relationship in comparison to how individuals in face-to-face romantic relationships experience points of transition. Participants were asked to answer questions regarding their perceptions of relational characteristics during different points in their relational transition. Perceptions regarding intimacy, relationship uncertainty, partner interference, directness of communication, topic avoidance, turmoil, deception and met expectations were assessed. Additionally, individuals in both online and face-to-face relationships responded to questions regarding their relationship status, commitment, length, proximity and other demographic questions. Results indicated that individuals in online relationships perceive more intimacy and less uncertainty prior to a transition while perceiving less intimacy and more uncertainty after a transition than face-to-face relationships. Relationships uncertainty was associated with topic avoidance and turmoil in online romantic relationships. Further results and the relevance of perceptions of relational characteristics on online transitioning relationships are discussed. / text
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Evaluating Entity Relationship Recommenders in a Complex Information Retrieval ContextThomas, Jack January 2014 (has links)
Information Retrieval, as a field, has long subscribed to an orthodox evaluation approach known as the Cranfield paradigm. This approach and the assumptions that underpin it have been essential to building the traditional search engine infrastructure that drives today’s modern information economy. In order to build the information economy of tomorrow, however, we must be prepared to reexamine these assumptions and create new, more sophisticated standards of evaluation to match the more complex information retrieval systems on the horizon.
In this thesis, we begin this introspective process and launch our own evaluation method for one of these complex IR systems, entity-relationship recommenders. We will begin building a new user model adapted to the needs of a different user experience. To support these endeavors, we will also conduct a study with a mockup of our complex system to collect real behavior data and evaluation results. By the end of this work, we shall present a new evaluative approach for one kind of entity-relationship system and point the way for other advanced systems to come.
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Young adults' relationship intentions towards their cell phone network providers / by Liezl-Marié KrugerKruger, Liezl-Marie January 2010 (has links)
Marketers use relationship marketing in order to establish mutually beneficial long-term
relationships with their customers as a means to retain these customers in the
competitive market environment. Relationship marketing should, however, not be used
to target each and every customer as not all customers want to build long-term
relationships with organisations. In order to identify the most profitable customers to
target through relationship marketing, organisations should consider their customers'
relationship intentions to form long-term relationships with them.
The primary objective of this study was to determine young adults' (aged 18 to 25)
relationship intentions towards the South African cell phone network providers they use,
namely Vodacom, MTN or Cell C. This was done by considering the five constructs
used to measure relationship intention, namely involvement, expectations, forgiveness,
feedback and fear of relationship loss. A focus group was used to determine which
features related to cell phone network providers young adults consider when selecting a
cell phone network provider. This data was used to develop a self-administered
questionnaire, which was distributed among respondents studying at the Potchefstroom
Campus of the North-West University in the North-West Provirice. A convenience (non
probability) sampling method was used and a total of 315 respondents participated in
this study. The distribution between the cell phone network providers was Vodacom
(115), MTN (101) and Cell C (99). Initial data analysis revealed that 73% of respondents
had high relationship intentions, while the remainder (26%) had low relationship
intentions of forming long-term relationships with their respective cell phone network
providers.
By means of a factor analysis it was determined that the five relationship intention
factors, namely involvement, expectations, forgiveness, feedback and fear of
relationship loss, were valid and reliable to measure the relationship intentions of
respondents. The results further indicated that respondents with a t"iigh relationship
intention are more involved with thei r cell phone network providers and feared losing
thei r relationships with their cell phone network providers more than those respondents
with a low relationship intention. Furthermore, respondents from the different cell phone
network providers do not view the five factors comprising relationship intention
differently, but they do differ with regards to other factors related to cell phone network providers. It was found that the majority of respondents regard Vodacom (not
necessarily the respondent's cell phone network provider) as the cell phone network
provider with the latest technology, as being the quickest, having the best coverage,
best handsets, coolest image and best service. The majority of respondents regard Cell
C as being the cheapest and MTN as being the most expensive. Results also indicate
that respondents' parents play an important role with regard to the choice of their cell
phone network providers as the majority of respondents' parents initially chose the cell
phone network providers and pay their cellular expenses.
It is recommended that cell phone network providers should target young adults'
parents with a view to gain a foothold in the young adult market. Furthermore, it is
recommended that cell phone network providers should determine how their customers
perceive them as compared with competitors in order to better position themselves and
to improve communication with young adults. Most importantly, it is recommended that
cell phone network providers should identify those young adults with high relationship
intentions (those young adults who are more involved with and fear losing their
relationship with the cell phone network provider more) in order to retain them by
attempting to build long-term relationships with these young adults through dedicated
relationship marketing efforts.
Recommendations for future research include examining relationship intention with
regards to other age groups (such as scholars and adults), other service industries and
other geographical areas. Furthermore, the influence which young adults exert on
decisions concerning cell phone network providers and the influence of parents on
young adults' product and service choices, can be explored in future research by means
of the family decision roles. / Thesis (M.Com. (Marketing Management))--North-West University, Potchefstroom Campus, 2010.
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Young adults' relationship intentions towards their cell phone network providers / by Liezl-Marié KrugerKruger, Liezl-Marie January 2010 (has links)
Marketers use relationship marketing in order to establish mutually beneficial long-term
relationships with their customers as a means to retain these customers in the
competitive market environment. Relationship marketing should, however, not be used
to target each and every customer as not all customers want to build long-term
relationships with organisations. In order to identify the most profitable customers to
target through relationship marketing, organisations should consider their customers'
relationship intentions to form long-term relationships with them.
The primary objective of this study was to determine young adults' (aged 18 to 25)
relationship intentions towards the South African cell phone network providers they use,
namely Vodacom, MTN or Cell C. This was done by considering the five constructs
used to measure relationship intention, namely involvement, expectations, forgiveness,
feedback and fear of relationship loss. A focus group was used to determine which
features related to cell phone network providers young adults consider when selecting a
cell phone network provider. This data was used to develop a self-administered
questionnaire, which was distributed among respondents studying at the Potchefstroom
Campus of the North-West University in the North-West Provirice. A convenience (non
probability) sampling method was used and a total of 315 respondents participated in
this study. The distribution between the cell phone network providers was Vodacom
(115), MTN (101) and Cell C (99). Initial data analysis revealed that 73% of respondents
had high relationship intentions, while the remainder (26%) had low relationship
intentions of forming long-term relationships with their respective cell phone network
providers.
By means of a factor analysis it was determined that the five relationship intention
factors, namely involvement, expectations, forgiveness, feedback and fear of
relationship loss, were valid and reliable to measure the relationship intentions of
respondents. The results further indicated that respondents with a t"iigh relationship
intention are more involved with thei r cell phone network providers and feared losing
thei r relationships with their cell phone network providers more than those respondents
with a low relationship intention. Furthermore, respondents from the different cell phone
network providers do not view the five factors comprising relationship intention
differently, but they do differ with regards to other factors related to cell phone network providers. It was found that the majority of respondents regard Vodacom (not
necessarily the respondent's cell phone network provider) as the cell phone network
provider with the latest technology, as being the quickest, having the best coverage,
best handsets, coolest image and best service. The majority of respondents regard Cell
C as being the cheapest and MTN as being the most expensive. Results also indicate
that respondents' parents play an important role with regard to the choice of their cell
phone network providers as the majority of respondents' parents initially chose the cell
phone network providers and pay their cellular expenses.
It is recommended that cell phone network providers should target young adults'
parents with a view to gain a foothold in the young adult market. Furthermore, it is
recommended that cell phone network providers should determine how their customers
perceive them as compared with competitors in order to better position themselves and
to improve communication with young adults. Most importantly, it is recommended that
cell phone network providers should identify those young adults with high relationship
intentions (those young adults who are more involved with and fear losing their
relationship with the cell phone network provider more) in order to retain them by
attempting to build long-term relationships with these young adults through dedicated
relationship marketing efforts.
Recommendations for future research include examining relationship intention with
regards to other age groups (such as scholars and adults), other service industries and
other geographical areas. Furthermore, the influence which young adults exert on
decisions concerning cell phone network providers and the influence of parents on
young adults' product and service choices, can be explored in future research by means
of the family decision roles. / Thesis (M.Com. (Marketing Management))--North-West University, Potchefstroom Campus, 2010.
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Understanding value in B2B buyer-seller relationships: do matching expectations improve relationship strength?Konhäuser, Andreas Unknown Date (has links)
A typical problem with relationship management in a B2B environment is that implementing companies often see the relationship only from their own perspective. In other words, the supplier decides which customer is worth treating as a key customer, without involving the customer in this decision, or vice versa. As a result, even resource-consuming key account customers might move to competitors if they do not value the relationship in the same way as the supplier and see an opportunity to save costs by switching sources. This study develops a better understanding of value in B2B relationships. It investigates the segmentation methods currently used in relationship management and develops a new approach that brings the value perspectives from buyer and seller together. The major contribution of the research, however, is to test the proposition that congruency of the value expectations of buyer and seller will optimize the relationship strength.In the literature there seem two general approaches, the hard and the soft. This research combines these measures to form a single, cohesive measurement of congruency of relationship value, from the perspective of both partners in the relationship. There is a lacuna in the burgeoning literature on relationship management, where trust is often inadequately represented in the research, and where reciprocity of value between relationship partners is often omitted. This research addresses this critical, yet under-researched, issue. It also provides a useful, practical, guide to companies desirous of setting up strong relationships with other organizations by explaining the importance of soft value measures and focusing on shared value expectations in these relationships.The quantitative survey was conducted among buyers and sellers in small and medium sized companies in Germany that are operating on an international level. The empirical results strongly support the research thesis. Implications for theory and practice are provided as well as recommendations for further research.
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Sport consumers’ attitudes towards relationship marketing – The case of Brynäs IFKansell, Jens, Jonsson, Fredrik January 2015 (has links)
Aim: The aim of this study is to investigate the sport consumers´ attitudes towards relationship marketing. We want to investigate whether the consumers are relationship oriented or transaction oriented and whether different segments differ in their orientation. Method: A quantitative study was made and the data was collected using a likert scale questionnaire which consisted of statements to which the respondent answered to which degree he/she agreed or did not agree. The data collected was analyzed in SPSS using a bivariate correlations analysis and a factor analysis. Findings: Our findings shows that most sport consumers tend to be relationship oriented and have a positive attitude towards the different relationship activities that they can come in contact with during a hockey game. There are however sports consumers who tends to have a transaction orientation and in their decision process the price is the most important aspect. We also find evidence that there are both consumers with a passive relationship orientation and with an active relationship orientation. Contribution: Regarding practical implications sports organizations should be aware that they have customers of both kinds of orientation and therefore it is important to interact with the relationship oriented customers. They appreciate the interaction with the organization and this can be used by the organization in order to further develop their relationships with the customers. On the other hand the transaction oriented prefers not to be engaged into the same kind of interaction, for them the prices are more important so working with pricing strategies towards transaction oriented customers is what we would suggest. Regarding the theoretical contributions this study provides results regarding the consumers’ perspective and attitudes towards relationship marketing in Sweden which has been neglected in theories. We provide evidence within the limits of the study that a big part of sport consumers tend to be relationship oriented but also that there is a segment that rather tend to be transaction oriented. Future research: We suggest that future research could be conducted within this topic. Studies investigating the same topic in other geographical regions and in other sports are encouraged in order to further increase the generalizability. It would also be interesting to see a study that focuses on investigating if there are certain segments that can be detected that tend to be transaction oriented rather than relationship oriented. We also suggest studies being done on the topic of pricing and what kind of pricing strategies that would be beneficial for Swedish sports organizations. Keywords: Relationship marketing, Customer relationship management, consumer attitudes, Service marketing.
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The value of relationship banking:empirical evidence on small business financing in Finnish credit marketsPeltoniemi, J. (Janne) 16 November 2004 (has links)
Abstract
The role of relationship banking has been the subject of intensive discussion in recent years. A large body of the literature has examined the benefits and costs related to lender-borrower relationships in small business finance. Despite the numerous studies conducted in both market-based and bank-based economies, the specific sources of the determinants of the value of relationship lending are ambiguous. However, many research results imply that a close and long-term relationship with the bank is desirable for small businesses.
In this study, we investigate the sources of value in Finnish lender-borrower relationships in small business finance. We conduct three separate empirical studies that cover the following aspects of relationship banking: determinants of the value of the bank-firm relationship, collateral requirements and borrower risk, and the comparison of the different characteristics of relationship banking in bank financing and non-bank financing. We use unique and detailed credit file data from two sources, bank data from one of the largest banks in Finland and non-bank data from a large financial institution owned by the Finnish state. Both datasets cover the period 1995 to 2001.
Our main findings are the following. First, duration and scope are important characteristics in determining the sources of value in the bank-firm relationship. We find that a longer relationship tends to lower the cost of the credit, and that wider scope tends to decrease the collateral requirements significantly. Second, a long-lasting bank-firm relationship is beneficial, especially to high-risk firms. As the relationship matures, loan premiums for high-risk firms decrease at a higher rate than for low-risk firms. Third, low-risk borrowers put up more collateral than high-risk borrowers, which implies the existence of a signaling effect. According to the signaling theory, low-risk firms are willing to pledge more collateral than high-risk firms. Fourth, when comparing bank and non-bank credit files, we find that bank-firm characteristics are not fully transferable to the relationship between a non-bank and a firm.
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The Impact of National Culture on the Role of Communication in B2B RelationshipsGraca, Sandra Simas 01 March 2013 (has links)
Forming and fostering B2B relationships are increasingly requiring communication between individuals in the opposite spectrum of culture dimensions such as individualism. Thus, establishing trusted and committed global partnerships involve designing communication processes that minimize differences and promote goal congruence. The behavior of business customers, in a global context, is an understudied field deserving greater attention in marketing research. This study unveils a universal and parsimonious model, highlighting the role of communication in shaping relationship quality, and including national culture as moderator.
The study was conducted on a sample of managers and buyers from the USA (n=169) and Brazil (n=110). Factor analysis, confirmatory factor analysis and structural equation modeling were applied in order to validate the instrument, discover the relevant dimensions of communication and examine the relationships in the model. Four significant factors revealed the existence of a globally relevant, parsimonious and highly explanatory communication model that includes elements of quality, interaction, mutuality, and socialization. In addition, elements of social and functional relationship benefits are found to improve the quality of business relationships more than any other factor in the global model.
In addition, culture was found to play a significant role on the intensity that most predictors have on increasing or decreasing buyer's trust in and satisfaction with the supplier. As a result, the model can aid both researchers and practitioners in understanding the important elements of communication and relationship benefits for buyers in the global marketplace.
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