Customer Satisfaction in Telstra's Customer Relationship Management
Verified
Added on 2023/04/23
|7
|1620
|423
AI Summary
This article discusses the issues faced by Telstra in implementing customer relationship management strategies and suggests ways to improve it. It also talks about the tools and techniques used by Telstra to serve its customers better.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: CUSTOMER SATISFACTION Customer Satisfaction Name of the Student: Name of the University: Author’s Note:
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
2CUSTOMER SATISFACTION Customer relationship management by Telstra Telecom industry is one of the biggest platforms that is making the lives of so many customers easier It is for this reason that the big telecom industries like Telstra must be looking after their customer relationship management in a proper way(Smith and Sun 2016). Issus faced One of the major issues of the company is the failure to make proper contact with the customers. One of the main problems isimplementation of the clear objectives.This often becomes a major problem because being such a huge company the managers often find it really very tough to implement the CRM strategies in a proper manner. They have to make sure that they are being able to serve the customers properly even after the selling transaction is completed (Dahiya and Bhatia 2015). All the well known companies like the Apple, Vodafone, Telstra also makes sure to look after the interests of the customers by taking care of their CRM or the customer relationship management. Appointing a core CRM team One of the major faults in implementing the CRM management system is that often the company takes it as an IT project. However the organization has to keep in mind that instead of seeing it as IT project but they must try to appoint a team that will work with the stakeholders of the company, the senior executives and the test of the employees(Matzler et al.2015). They will be working to clearly understand the actual needs and the requirements of the clients. The company has to understand that the role of the IT department will start after the company has
3CUSTOMER SATISFACTION actually realized about the goals and strategies that are to be followed in order to clearly deal with the CRM. Managing the Application The company needs to take into account that the process of aligning the CRM strategies with the company or the organization culture is not a very easy job(Zhang, Watson IV and Palmatier 2018). In order to do that the organization has to really work very hard and make sure that they are being able to map their business goals with the CRM strategies. Finding a right CRM product It is also a very tough job for the company to be able to find a correct partner for carrying on with their CRM strategies. The company needs to analyze all the capabilities of a product or a strategy that they are choosing for carrying on with their CRM strategy(Kumar and Reinartz 2018). Apart from the common traits of CRM project, they must make sure that the product is able to carry on with the other kinds of objectives like the deployment flexibility, online and offline access, third party integration and other such functions.Apart from this, APIs available on the platform Telstra has been able to work over their CRM. They have been able to make sure that they are being successful in customizing their platform in a very effective manner.In order to succeed in the long run, they have to realize that that doing an in depth research and analysis is one of the most essential aspect. They have to make sure that they are assessing the capabilities of an employee or any other stakeholders before recruiting them. Finding a right CRM Partner
4CUSTOMER SATISFACTION It is also one of the major issues that might be faced by the companies in finding a right partner for the implementation of the CRM strategy. The companies must make sure to get a partner that will be able to provide all the facilities(Taylor et al. 2015). However the company has to find a proper partnership that will be able to match up with the existing work culture of the organization. Tools and techniques used One of the CRM theories is the Swift’s Model. This model is to be used by the company so that they develop in their CRM strategies. This model is broken down into five steps- Knowledge discovery- The Telstra company has to make sure that they are trying to do an in depth analysis in order to categories the customers as per their buying behavior, mind set and other such parameters. Knowledge management is one of the most essential aspects that they can focus upon. This will be helping the organization to make sure that they are being able to hire the best expertise and the best advanced technology. Interaction with the customer They have to make sure that they are being able to target the majority of the customers by interacting with them. In order to do this, the Telstra Company has to venture into all the e commerce or the electronic sites(Ascarza et al. 2017). The social media sites will be a very good and helpful platform for the companies to interact with their customers.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
5CUSTOMER SATISFACTION Market planning Thecompanyhastomakesurethattheyaredevelopingsomegoodcustomer relationship building strategies in order to communicate with the customers properly. Analysis of refinement The refined analysis that will be obtained by the company has to be properly analyzed by the organization. The company has to properly go through the kinds of customers that they have and what are their buying behavior. Serving clients in CRM The first step is to make sure that the database is made accurately. After that the database has to be analyzed so that they can properly find the targeted customers(Soltani and Navimipour 2016).After that they have to make sure that the marketing mixture is being made properly in order to make sure that the communication is being done in a proper manner. For instance the customers belong to teenage can be communicated through the SNS as majority of the young generation are very active on that. Software’s used One of the important software that is being used by the company is the Sales cloud. This is one of the essential software that can be set up in a very easy and a very quick manner. At the same time, it can also be used for the purpose of developing the CRM. The sales team has also been able to work over the CRM through this method(Taylor et al. 2015). Apart from this, APIs available on the platform Telstra has been able to work over their CRM. They have been able to make sure that they are being successful in customizing their platform in a very effective
6CUSTOMER SATISFACTION manner. They have been able to make a complete analysis of their customers and the ways in which they have to cater to the needs and demands of the customers. One of the major technique by which Telstra has been able to look after their customer needs in a proper way is to reduce the work load. They have been able to do it by using a quoting API on Sales Cloud. They have been able to reduce their work load in a proper way so that they can actually take care of their customers in a proper way. They have opted to the usage of the online or the social sites so that they can actually connect with and serve their customers in a best way possible.
7CUSTOMER SATISFACTION References Shapiro, I.M., Dupree, T.E. and Keys, K.D., DIALOGTECH INC., 2017.Systems, method, andcomputerprogramproductforcross-channelcustomerrelationshipmanagement support with dynamically inserted voice call numbers. U.S. Patent 9,699,311. Smith, W. and Sun, H., 2016. An Overview of the Salesforce Analytics Cloud. InPro Salesforce Analytics Cloud(pp. 3-13). Apress, Berkeley, CA. Soltani, Z. and Navimipour, N.J., 2016. Customer relationship management mechanisms: A systematic review of the state of the art literature and recommendations for future research. Computers in Human Behavior,61, pp.667-688. Srinivasan, K. and Saravanan, S., 2015. Principles and Practices of Customer Relationship ManagementinEthiopianBanks.EXCELInternationalJournalofMultidisciplinary Management Studies,5(8), pp.8-20. Strategy, C.B., 2015. Customer Relationship Management as a Customer-Centric Business Strategy. Taylor, J., Roberts, J., Oram, C., Gupta, A., Itani, M., Baroudi, S. and Smith, R., SugarCRM Inc, 2015.Customer relationship management system and method. U.S. Patent 8,972,876. Willcock, S.P., Slater, B.W., Wood, M.D. and Ruiz, C., FinancialforceCom Inc, 2018. Processing records by combining visualforce and queueables technologies in the salesforce platform. U.S. Patent Application 15/271,191. Zhang, J.Z., Watson IV, G.F. and Palmatier, R.W., 2018. Customer Relationships Evolve-So Must Your CRM Strategy.MIT Sloan Management Review,59(3), pp.1-7.