Question

In: Operations Management

Discuss the concept of CRM and why is it increasingly more important to personal selling

Discuss the concept of CRM and why is it increasingly more important to personal selling

Solutions

Expert Solution

CRM is an approach that a company follows to identify the right approach to interact and communicate with the existing and future customers. The main intention is to build a good relationship with the customers so that we can convince them to buy our product or service. The company makes use of the data to analyze the customer behavior and come up with strategies based on that. Driving new sales and retaining the existing customers are the main aims of the CRM.

Personal selling is when the salesperson from the company talks to the customer face-to-face and convince them to buy the product or a service. CRM is very important for personal selling because knowing about the customer behavior and the purchasing habits is very important. CRM can provide that analytics and the required data to make the decisions that can help in attracting the customers. The customer demands keep changing and it is important for the company to predict what the customer needs. CRM has the ability to provide the sales reps with all the information and help them succeed.


Related Solutions

Discuss the concept of time value of money (TVM) and why it is important in finance?
Discuss the concept of time value of money (TVM) and why it is important in finance?
(Marketing) Discuss the following statement: ‘’ Personal Selling is more effective than Advertising’’. Do you agree...
(Marketing) Discuss the following statement: ‘’ Personal Selling is more effective than Advertising’’. Do you agree with it?
Why is it important to align CRM initiatives with organizational goals? Give an example using a...
Why is it important to align CRM initiatives with organizational goals? Give an example using a company from your emarketing plan or your final authentic assessment.
Logistics is an increasingly important role in distributing products. What is “logistics” and why is it...
Logistics is an increasingly important role in distributing products. What is “logistics” and why is it strategically important to a company and its international “go to market” planning?
Explain the concept of linearity. Why is important this concept in engineering. Explain.
Explain the concept of linearity. Why is important this concept in engineering. Explain.
in a short statement explain the concept of customer and why the concept is important in...
in a short statement explain the concept of customer and why the concept is important in the negotiation process.
1. Describe the personal selling process.         2. Discuss the role of coaching and mentoring in personal...
1. Describe the personal selling process.         2. Discuss the role of coaching and mentoring in personal selling and sales management      3. Assess the importance of sales forecasting and budgeting Evaluate 4. methods of sales force compensation        5. Explain the relationship between the sales department and other departments        6. Create a personal code of sales ethics
Discuss why the concept of Elasticity is so important to businesses when developing pricing strategies for...
Discuss why the concept of Elasticity is so important to businesses when developing pricing strategies for their products-be sure to include a couple of determinants of elasticity in your discussion. (2) Discuss 'Market Externalities-good,bad or indifferent'   
Discuss the concept of a security interest in personal property, as what is it, how is...
Discuss the concept of a security interest in personal property, as what is it, how is it perfected? Next discuss why it is important for businesses who engage in the sale of personal property to protect their interests in that property as what are the dangers if a business fails to perfect security interests in the property it sales? How and why do third parties have security interests in personal property? Business Law... Please help...
Personal affiliations and networking are important for nursing leaders. Why are these important? How will they...
Personal affiliations and networking are important for nursing leaders. Why are these important? How will they benefit you in your career future? Identify two affiliations or a situation in which you have networked for the health of a population or your community.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT