Skip to main content
Log in

Customer-Centric Strategic Planning: Integrating CRM in Online Business Systems

  • Published:
Information Technology and Management Aims and scope Submit manuscript

Abstract

Customer Relationship Management (CRM) is increasingly found at the top of corporate agendas. Online companies in particular are embracing CRM as a major element of corporate strategy, because online technological applications permit a precise segmentation, profiling and targeting of customers, and the competitive pressures of the digital markets require a customer-centric corporate culture. The implementation of CRM systems in online organisation determines a complex restructuring of all organisational elements and processes. The strategic planning process will have to adapt to new customer-centric procedures. The present paper analyses the implementation process of a CRM system in online retail businesses and develops a model of the strategic planning function in a customer-centric context.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Similar content being viewed by others

References

  1. The Daniel Group, Strategic planning makes a difference to financial performance, CRM-Forum (2001), http://www.crm-forum.com/cgi-bin/item.cgi?id=66210.

  2. P.A. Galagan, Strategic planning is back, Training and Development 51(4) (1997) 32–38.

    Google Scholar 

  3. M. De Kare-Silver, E-Shock (Macmillan Business, London, 1998).

    Google Scholar 

  4. J. Novo, Customer Loyalty (2001), http://www.jimnovo.com/Customer-Loyalty-more.htm.

  5. D. Chaffey et al., Internet Marketing (Prentice-Hall, Harlow, 2000).

    Google Scholar 

  6. A. Payne, A strategic framework for customer relationship management, BT Insight Interactive (2002), http://www.bt.com/insight-interactive/browse/ii_content.jsp?contentKey=00352.

  7. I. Chaston, E-Marketing Strategies (McGraw-Hill, Maidenhead, 2001).

    Google Scholar 

  8. C.J. Wundermann, Unlocking the true value of customer relationship management, CRM-Forum (2001), http://www.crm-forum.com/crm_vp/utv/sld01.htm.

  9. D.K. Conway and J.M. Fitzpatrick, The customer relationship revolution – A methodology for creating golden customers, CRM-Forum (1999), http://www.crm-forum.com/crm_vp/crr/sld01.htm.

  10. M. Lindström and T.F. Andersen, Brand Building on the Internet (Kogan Page, London, 2000).

    Google Scholar 

  11. FollowUp.Net, Customer Development Survey (1999), http://www.followup.net/press/press.html.

  12. M. Pastore, E-tailers Lack Customer Relationship Plans (1999), http://cyberatlas.internet.com/ markets/retailing/print/0,,6061_153571,00.html.

  13. D. Cody, Analytical CRM: Increasing lifetime customer value through prediction, ServeWorld Magazine 12 (2000), http://www.serveworldmagazine.com/sunserver/2000/12/analytical.shtml?

  14. K. Thearling, Increasing customer value by integrating data Mining and Campaign Management software (1999), http://www3primushost.com/?kht/text/integration/integration.htm.

  15. G. Bacuvier et al., Customer lifetime value: Powerful insights into a company's business and activities (2001), http://www.bah.com/viewpoints /insights/cmt_clv_2.html.

  16. A.J. Ness et al., The Role of ABM in Measuring Customer Value (2001), http://www.mamag.com/ strategicfinance/2001/03f.htm.

  17. M. Smith and S. Dikolli, Customer profitability analysis: An activity-based costing approach, Managerial Auditing Journal 10(7) (1995) 3–7.

    Google Scholar 

  18. T. Connolly and G. Ashworth, Managing customer for profit, Management Accounting 72(4) (1994) 34–40.

    Google Scholar 

  19. R. Forsyth, Re-evaluating CRM cliches: Customer lifetime value, CRM-Forum (2001), http://www. crm-forum.com/cgi-bin/framemaker.cgi?url=/ppv/crmlibrary/ed/cliches/index.html.

  20. J. Novo, A Model of Future Customer Value (2001), http://www.digitrends.net/ebiz/13644_14931. html.

  21. P.R. Peacock, Data mining in marketing, in: Internet Marketing, eds. J.N. Shath, A. Eshghi and B.C. Krishnan (Harcourt College Publishers, Fort Worth, 2001) pp. 163–190.

    Google Scholar 

  22. C. Gurău and A. Ranchhod, Measuring customer satisfaction: A platform for calculating, predicting and increasing customer profitability, Journal of Targeting, Measurement and Analysis for Marketing 10(3) (2002) 203–219.

    Google Scholar 

  23. F.F. Reichheld, R.G. Markey, Jr. and C. Hopton, The loyalty effect – The relationship between loyalty and profits, European Business Journal 12(3) (2000) 134–141.

    Google Scholar 

  24. R. Forsyth, Implementing a successful marketing strategy based on CRM, CRM-Forum (1999), http://www.crm-forum.com/library/pre/pre-007/brandframe.html.

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

About this article

Cite this article

Gurău, C., Ranchhod, A. & Hackney, R. Customer-Centric Strategic Planning: Integrating CRM in Online Business Systems. Information Technology and Management 4, 199–214 (2003). https://doi.org/10.1023/A:1022902412594

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/A:1022902412594

Navigation