In: Economics
Explain IKEA's ELECTRONIC customer relationship management ( E-CRM ) capabilities (200words)
IKEA, the Swedish home goods megastore, placed customers at the
forefront of its marketing campaign and revolutionized the shopping
experience for consumers today. The business stressed the
experience of the shopper by including products in its store that
consumers could not find anywhere else: babysitting, restaurants
and station-saving relationships.
IKEA's iPhone and Android app uses device sensors to create 3D
images of furniture, which are then placed through the phone screen
in the rooms of a customer's house.
Therefore, IKEA makes online furniture shopping, previously a risky customer buying decision, more easy and secure, an advancement within itself. In 2012 alone, 8.5 million users had downloaded the IKEA software, validating the usefulness of their technology. IKEA is welcoming entrepreneurs from around the world to take part in IKEA Bootcamp, a program that gives startups the ability to find new , creative solutions to everyday problems.
In terms of innovation, the effort IKEA puts into making its
customers number one priority is something to be admired and sought
for. IKEA saw the furniture shopping aspect that was most hated by
customers and found a solution to it using technology and creative
thinking.
Through developing web and mobile device apps, any organization
will stay ahead of the curve and not get bogged down through
outdated software that doesn't suit their needs. Performance and
profitability are essential to innovation but being innovative and
distinctive, such as IKEA, will differentiate companies and have a
lasting effect on customers.