Customer Satisfaction in Vodafone: Tools, Techniques and Strategies
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This article discusses the tools, techniques and strategies used by Vodafone to manage customer satisfaction. It covers issues faced by the company, tools and techniques used, decile analysis, software used, and references.
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Running head: CUSTOMER SATISFACTION Customer Satisfaction Name of the Student: Name of the University; Author’s Note:
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2CUSTOMER SATISFACTION Customer relationship management by Vodafone Customer Often the purchase decision of the customers is influenced by the opinion of many other people that surround them. It is for this reason that the company needs to properly take care of the opinion of the customers (Willcock et al. 2018). Sometimes, it is really very tough for the company to anticipate or understand the decisions or the behavior exhibited by the customers. Relationship The company has to make sure that they are being able to strengthen their strategies so that they can maintain a proper balance between the existing customers and also the ones that they are trying to achieve. Issus faced Too much data but not enough action taken This is one of the major issues that are faced by the company. This is mainly because of the fact that as they are going in their business managing then customers are becoming a very tough job. The customer base is also increasing very rapidly. It is for this reason that they have to handle a huge number of customers as well. The main problems arise due to the complexity in
3CUSTOMER SATISFACTION the market structure, advertising and also in the upcoming technology. It is for this reason that they must be focusing over the techniques and the tools that the use for the CRM. The difference between the retention and the acquisition The firms need to realize the difference between the acquisition and the retention of the customers. Often the firms do not have the exact idea about the customers when the customers get attached with then firm. The customers tend to make the bulk amount of purchase when they get attached with the firm and it is at that point of time that the firm has the least idea about the customers. Thus, it is tough for the company to get the data from the acquisition and focus more on the retention of the customers. Tools and techniques used In order to deal with these issues the company can implement some of the essential tools and technique. One of the useful tool ha cam be used is the CRM life cycle model of Kalakota. This model mainly comprises of three different phases. They are mainly attraction, promotion and the maintenance. ProcessActionsFocuscenterofthe company Strategies AttractionPromotingthe leadershipfacilityso that the services and qualityofthegoods This will help in the processof distinguishing Innovation and proper development
4CUSTOMER SATISFACTION and theservicescan also be improved. PromotionTo make sure that the currentexisting customersof Vodafone are getting thebestandthe profitable services Separationbetween theservicestobe modifiedforthe existingcustomers and the new services tobedevelopedfor the new customers. Reducing the cost of theservicesand improving the quality of the services MaintainingCustomerretention strategies. This is one of the most important areasforVodafone company so that they donotlosetheir existing customers in theirattemptof gettingthenew customers. Adaption It is in this phase that thecompanyhasto adapt to the new kinds of technology that are comingintothe company. To be able to meet up thedemandsofthe customers and supply thenewkindsof products for them. In otherwords,thisis thephasewhere Vodafonehasto produce the new and theinnovative products.
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5CUSTOMER SATISFACTION Decile analysis This is one of the most important approaches or determining amount of profitability and the kind of sales aspects that is mainly obtained from the top segmented customers. The term decile mainly refers to the customers that have made the strongest amount of purchases in a certain given period of time. As Vodafone is growing on a very vast level and is operating in a large number of countries, it is essential for the company to start this strategy. This strategy will help the organization to make sure that they are being able to find out the exact percentage of the customers that are responsible for making this sales. This percentage can range from 5%, 10% or even 1 %. However it is this percentage of customers that are responsible for making the bulk amount of purchases, almost around 80%. It is only after the determination of this particular thing that the company will be able to find put andalsoimplementthenewkindsofmethodstodealwiththecustomerrelationship management. Software’s used The new kind of software that has been installed by the company is theEBU.This is a new kind of software that is being used by the organization to make sure that they are getting a very good and positive communication support. One of them major aspects of CRM or the customer relationship management is to make sure that the customer queries and requests are properly being taken care of and managed. On the other hand, the customer base is increasing. In order to manage the same, they have to make sure that they are taking proper care of all the increasing customer complaints. Thesoftware called Dise3Gis used to take proper care of the customer complaints and the customer queries.
6CUSTOMER SATISFACTION References Almorsy, M., Grundy, J. and Müller, I., 2016. An analysis of the cloud computing security problem.arXiv preprint arXiv:1609.01107. Ascarza, E., Ebbes, P., Netzer, O. and Danielson, M., 2017. Beyond the target customer: Socialeffectsof customerrelationshipmanagementcampaigns.Journal of Marketing Research,54(3), pp.347-363. Ascarza, E., Neslin, S.A., Netzer, O., Anderson, Z., Fader, P.S., Gupta, S., Hardie, B.G., Lemmens, A., Libai, B., Neal, D. and Provost, F., 2018. In Pursuit of Enhanced Customer Retention Management: Review, Key Issues, and Future Directions.Customer Needs and Solutions,5(1-2), pp.65-81. Bravo, B.S.F., Balassiano, L.K.D.A., Da Rocha, C.R.M., Padilha, C.B.D.S., Torrado, C.M., DaSilva,R.T.andAvelleira,J.C.R.,2015.Delayed-typenecrosisaftersoft-tissue augmentation with hyaluronic acid.The Journal of clinical and aesthetic dermatology,8(12), p.42. Dahiya, K. and Bhatia, S., 2015, September. Customer churn analysis in telecom industry. In Reliability,InfocomTechnologiesandOptimization(ICRITO)(TrendsandFuture Directions), 2015 4th International Conference on(pp. 1-6). IEEE. Gangotra, A. and Shankar, R., 2016. Strategies in managing risks in the adoption of business analytics practices: A case study of a telecom service provider.Journal of Enterprise Information Management,29(3), pp.374-399.
7CUSTOMER SATISFACTION Greve, G. and Schlüschen, A., 2018. From Customer Relationship Management to Influencer Relationship Management. InDiverse Methods in Customer Relationship Marketing and Management(pp. 80-91). IGI Global.