This paper critically analyzes the case study of CRM at Minitrex, discussing the importance of maintaining a healthy relationship with customers and the implementation of CRM at the organization.
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Running head: Case Study Analysis of Mintrex F_Name L_Name Group_Name CASE STUDY ANALYSIS OF MINITREX
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1Case Study Analysis Table of Contents Abstract:.....................................................................................................................................2 Literature Review:......................................................................................................................2 Answer to Question 1:................................................................................................................3 Answer to question 2:.................................................................................................................4 Conclusion:................................................................................................................................6 Reference:..................................................................................................................................7 Bibliography:..............................................................................................................................8
2Case Study Analysis Abstract: The purpose of this paper is to critically analyse the case study of CRM at Minitrex. CRM stands for Client Relationship Management, which provides an effective association with the customers as well as it provides effective solutions to address the problems of the customers. Followed by the case study it has been observed that it is important to maintain healthy relationship with the customer for an organization. Thus, CRM helps the organization to carry such bonds with the clients by which the organization will have effective solution to theproblemslikemarketing,newproductofservicelaunching(Zouetal.,2014). Considering the above aspects this paper is consist of a detail elaboration of issues regarding to CRM has been faced by the organization Minitrex at their workplaces and a brief explanation about the possible steps which has been taken by Jon Bettman in order to implement CRM at their organization MInitrex. Literature Review: According to the case study it has been observed there are two fundamental services present in the business services of Minitrex, which includes Finance management and insurance. Followed by the objective to build such organization which will have effective customer services, the director of Minitrex has appointed Mariella Hopkins and Harold Blufmantothedepartmentoffinanceandinsurancerespectively.Alongwiththisa department of general management system has been created to keep track of the customer
3Case Study Analysis data as well as they manage the customer information which will provide an effective solution to their business goals (Lee et al. 2015). However,withpurposetoachievetheobjectiveMinitrexhasstructuredthese regulations several drawbacks have been noticed by the management team of the organization which includes the low correspondence of the department between the organization as well as less effective communication procces with the clients which has cause a poor organizational performance (Nwankwo et al,. 2013). Thus, the management of Minitrex has decided to implement an effective CRM in order to provide an effective solution to the observed problem. Answer to Question 1: According to the case study of CRM at Minitrex it has been observed that there are several limitations present during the application of conventional client information and response management process. Considering the aspects of less effective customer information tracking system which was offered by the conventional management process, it has been observed that there is no proper registration process present for the user information management as well as the facility to protect the user data. Followed by this aspect of information management in the business structure of Minitrex, the issue related to the data accessibility has been observed while analysing the mentioned situation.
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4Case Study Analysis Answer to question 2: According to the case study it has been observed that the issues related to the data accessibility as well as the customer information management and protection has introduced a significant drawback into the business structure of Minitrex by restricting their service quality as well as their marketing strategies. In order to mitigate those problems which are present in the business structure of Minitrex Jon Bettman has structured a framework, with the purpose to restructure the operations of the departments such as the finance department and insurance department. Harold Blumfen’s the responsible officer of the insurance department has utilizes the features of the approached framework by Jon Bettman for two different division in the insurance department, those features includes Credit Organization Framework which has been utilized for the purpose to track the investment, instalments and the paying amount of the clients as well as another feature which is General Organizational Framework has been effectively utilizes for the purpose of monitoring the records of purchasing. Along with the insurance department the responsible officer of the finance department Mariella Hopkins, has also utilizes the approached framework in order to monitor the transactions made by the clients to the organization. From the case study the outline of the approached framework by Jon Bettman has been noticed. In order to get a detail overview of that framework, a brief explanation is mentioned below:
5Case Study Analysis In order to provide an effective Client Relationship Management system to the Minitrex organization for the betterment of the business services of Minitrex Jon Bettman has considered the following aspect which includes the feature to incorporate the client information of both the finance and insurance division, which will help to manage the client information effectively and from the analysis of those information the data of important and useful customers will be sorted as well as will be visible to both the divisions (Polese et al., 2013). This feature will help the organization to effectively analyse the entire information of the users ae well as it provides efficient services to the customers. Consideringtheaspectsofeffectivemoneytransactionfeatureofthetargeted organization, the approached framework has offered a system which has restructured the departmental structure of both the divisions in order to effectively keep track on the money transaction of the clients. The fundamental objective of this framework is to build an effective tracking system of Bills and Installments of the customers in the Credit organizational frame work, receipt and tracking reports are putted into the deals division as well as the accounts and credit were putted into the structural money division (Rice et al., 2013). Thus, from the analysis of these features of this framework it can be stated that the utilization of the mentioned approach has surely helped the organization in the field of financial management in order to maintain proper CRM within the organization.
6Case Study Analysis In order to provide an effective a fluent service to customers to maintain the client relationship management the frame work has introduced an effective solution to address this area. One of the major objectives to restructuring customers buying process is to provide ab user friendly interface with high security. The new framework has offered the services in which the deal division will be responsible in order to keep the track of the items which are been chosen by the customers, next the division of money and transaction will be responsible while the customer expressed the interest towards buying it. Next, the task will be move to the division of protection which will provide the services to select the payment process as well as the instalment structure. Thus, in order to complete the product buying process the customer must go through these above steps, which also consist of the customer verification process in it. Conclusion: Thus, according to the case study and the outline of the approached client relationship management system it has been observed that the fundamental aspect of this approached system to work effectively is the incorporation of both the division to maintain the client relationship within the organization. Compared to the conventional process of keeping the user information and utilizing them in order to get effective solutions related to the client relationship management and user information management, it is clearly noticed that the conventional process has the intention to work in a generalized way. However, the Client Relationship Management system approached by Jon Bettman has an intention to work
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7Case Study Analysis compactly as is provides effective data monitoring as well as analysing process. Thus, it can be concluded that the new approach of client relationship management has helped the organization Minitrex in an effective way which has helped to improve the CRM along with the business services of Minitrex. Reference: Zou, W., Kumaraswamy, M., Chung, J., & Wong, J. (2014). Identifying the critical success factors for relationship management in PPP projects.International Journal of Project Management,32(2), 265-274.
8Case Study Analysis Lee, C. Y., Tsao, C. H., & Chang, W. C. (2015). The relationship between attitude toward using and customer satisfaction with mobile application services: an empirical study fromthelifeinsuranceindustry.JournalofEnterpriseInformation Management,28(5), 680-697. Nwankwo, S. I., & Ajemunigbohun, S. S. (2013). Customer relationship management and customerretention:EmpiricalassessmentfromNigeria’sInsurance Industry.Business and Economics Journal,4(2), 81. Polese, F., & Di Nauta, P. (2013). A viable systems approach to relationship management in SD logic and service science.Polese, F., Di Nauta, P.(2013),“A Viable Systems ApproachtoRelationshipManagementinSDLogicandServiceScience”,in Business Administration Review, Schäffer-Poeschel,73(2), 113-129. Rice, A. L. (2013).The enterprise and its environment: A system theory of management organization. Routledge. Bibliography: Saeidi, S. P., Sofian, S., Saeidi, P., Saeidi, S. P., & Saaeidi, S. A. (2015). How does corporate social responsibility contribute to firm financial performance? The mediating role of competitive advantage, reputation, and customer satisfaction.Journal of business research,68(2), 341-350. Serrador, P., & Turner, R. (2015). The relationship between project success and project efficiency.Project Management Journal,46(1), 30-39. St. John, J., Guynes, C. S., & Vedder, R. (2014). The client–vendor offshore relationship: success factors.Information Systems Management,31(2), 120-125.
9Case Study Analysis Stein, A. D., Smith, M. F., & Lancioni, R. A. (2013). The development and diffusion of customerrelationshipmanagement(CRM)intelligenceinbusiness-to-business environments.Industrial Marketing Management,42(6), 855-861.