In the sections that follow, we define what CRM is and what itpromises to offer. We also identify the forces impacting on the marketingenvironment in recent years that have led to the rapid development of CRMstrategies, tools, and technologies. A typology of CRM programs ispresented to provide a parsimonious view of the various terms andterminologies that are used to refer to different activities. We then describea process model of CRM to better delineate the challenges of customerrelationship formation, its governance, its performance evaluation, and itsevolution. Finally, we examine the research issues related to CRM.
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