Relationship Marketing and Customer Relationship Marketing

Descrição

Masters Degree Marketing (Strategic) FlashCards sobre Relationship Marketing and Customer Relationship Marketing, criado por Madeline Briscoe em 31-12-2015.
Madeline Briscoe
FlashCards por Madeline Briscoe, atualizado more than 1 year ago
Madeline Briscoe
Criado por Madeline Briscoe quase 9 anos atrás
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Resumo de Recurso

Questão Responda
what are the information sources for a marketing database? -company/customer interactions -responses to competitions -warrenties -telephone/email enquiries -other organisations -application forms -complaints
what information is stored in a marketing database? -customer info (age, address, phone no.) -promotional info (past and current promo) -geodemographic info (social, lifestyle, postcode characteristics) -product info (ranges, models) -transactional info (who, what, where, when, how)
why are marketing databases useful? -target direct marketing campaigns (what sort of customer responded most?) -maintaining/strengthening relationships (reg customers micro rewards, improve customer retention, product lifetime)
what is relationship marketing? an org engaged in proactively creating, developing and maintaining committed, interactive exchanges with selected customers over time is engaged in RM (harker 1999)
what is relationship marketing about? it is about BLID MEC benefits, loyalty, interaction, development, maintenence, emotional content
how has marketing changed? was about economics and statistics, now about sociology, psychology and anthropology
what does RM mean in the eyes of the customer harker 20 focus groups 10 firms -customer is savvy -morality and emotion -loyalty cards
what is the savvy customer? -experienced (e.g careers) -knowledgeable (personal networks, firm) -skeptical about concepts (of loyalty and committment)
what is a part time marketer? a person assciated with the co. who has the ability to make an impression on the customers judgement of the firm e.g. customer service/helpline, shop floor staff, website
what are the qualities of a good part time marketer? hint: CIG -capability (job skills, experience, product knowledge) -interpersonal skills (communication, demeanour) -gumption (initiative, problem solving)
why do customers want loyalty cards? -discounts -exclusivity -efficiency
why are customers concerned about loyalty cards? -'big brother', being watched -debt -poor use of data -being selected against (e.g. M&S party)
what makes a good loyalty card scheme and what are their benefits? -real, not virtual benefits -exclusivity -higher level of service -data used efficiently and effectively -formalise, regularise and extend relationship between customer and firm
is it ok to treat some customers better than others? If so, when?

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