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ROGER BARAN; CHRISTOPHER; MICHAEL ZERRES
CUSTOMER RELATIONSHIP
MANAGEMENT
DOWNLOAD FREE TEXTBOOKS AT
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Customer Relationship Management History and theory
Customer Relationship Management
Roger Baran, DePaul University, Chicago
Christopher Zerres, Universität Kassel
Michael Zerres, Universität Hamburg
1. History and theory
Customer Relationship Management (CRM) is growing in importance due to the challenging business
environment faced by organizations throughout the world today. It is particularly critical in industries
undergoing changes in traditional channel configuration. CRM is a means of addressing increasing
competition, changing economic conditions and promotional dependence through the use of intimate
customer knowledge; knowledge gained through relationship development and past marketing pro-
grams. CRM is increasing in prominence because it focuses on current users who are the source of the
majority of business revenue and the best option for improving business in uncertain times.
There are a number of working definitions for CRM. In fact the letters CRM have been used to iden-
tify Continuous Relationship Marketing, Customer Relationship Marketing and Customer Relationship
Management. Each term represents the same process. CRM can be defined as a process that maxi-
mizes customer value through on-going marketing activity founded on intimate customer knowledge
established through collection, management and leverage of customer information and contact history.
CRM is about perfecting relationships to maximize a customer’s value over time.
what‘s missing in this equation?
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