Impact of Customer Relationship Management on Customer Satisfaction
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This research proposal examines the impact of customer relationship management (CRM) on customer satisfaction, specifically focusing on the case of Hilton Hotel Chain in the UK. It explores the rationale, aim, objectives, methodology, literature review, and timeline of the study.
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ImpactofCustomerRelationship ManagementonCustomerSatisfactionThe Case of Hilton Hotel Chain in UK (Research Proposal) 1
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 Rationale......................................................................................................................................3 Aim..............................................................................................................................................3 Objectives....................................................................................................................................3 Research questions.......................................................................................................................4 Methodology................................................................................................................................4 Literature review..........................................................................................................................5 Timeline.......................................................................................................................................7 REFERENCES................................................................................................................................8 2
INTRODUCTION Customer’s relationship management are strategies, tactics or practices that are used by companies in order to manage and handle diverse individuals so that end goals can be achieved in limited time frame. The main aim of customer’s relationship management is to enhance customer’s retention or build strong relationship with maximum individuals so that they are motivated to be part of organisation for longer time frame (Sofi and Hakim, 2018). The research proposal will include rationale, aim, objective, methodology, relevant literature review and timeline in context of impact of CRM on customer satisfaction. Title: To evaluate impact of Customer Relationship Management on Customer Satisfaction. A study of Hilton Hotel Chain in United Kingdom. Rationale Customers are most important for every organisation as they helps in generating lot of sales and revenue by making purchase of products and services from specific company. Study of topic on impact on customer’s relationship management on their satisfaction is important because most of the companies are facing challenges in managing diverse individuals (Yadav, 2016). It is one of the current important topic because increasing competition level and availability of alternative options has increase customers demand or lead to more switching power therefore companies are unable to retained several individuals (Nikou and et.al., 2016). Therefore, the research on impact of Customer’s relationship management will be helpful or significant to employers, employees working or operating in hospitality industry. Aim To analysis impact of customer relationship management on customer satisfaction related toHiltonhotel operating its business in United Kingdom. Objectives To understand concept of customers relationship management. Toidentifydifferentmethodsthoseareusedbycompanytomanagecustomer’s relationship. To evaluate impact of customers relationship management on satisfaction level of several individuals (Prabha and Subramanian, 2017). To suggested method that can be used by company to retained customers satisfaction level. 3
Research questions What does meant by customer’s relationship management? What are several methods or techniques that are used by organisation to handle diverse customers? How does customer’s relationship management impact on customer’s satisfaction? What are different suggestions that company can make use to strength their relationship with customers? Methodology Research methodologies are several techniques or process that are used by researcher to conduct research on particular topic in order to get correct and appropriate information. The researcher has planned to make use of specific methodology to accumulate right information or data to make research more meaningful (Davidavičienė, 2018). Like: Research type: Research is systematic procedure that is followed by scholar in order to gather relevant information related to the topic such as qualitative and quantitative method. Qualitative method of research is more based on words therefore in useful in understanding concept or thoughts in better manner. While qualitative method make use of numerical facts and graph to conduct research and understand useful information (TUZUNKAN, 2018). Out of both method and types, scholar has planned to make use of qualitative research method to gathered relevant information. Research approach: It specific steps or detailed information about method that are used by researcher to collect, analysis and interpretate necessary information. Inductive and deductive are two approach of researches that are used by scholar to get collect and analysis data. In Inductive approach, there is no use of exiting literature thus it include three main steps such as observation, patter and develop a theory. While deductive theory starts with use of existing theory , formulation of hypotheses and test of hypothesisthus analysis the result by rejecting and supporting the same (Madhovi and Dhliwayo, 2017). Therefore, scholar will make use of inductive approach to conduct research on impact of customer relationship management on customer’s satisfaction. Research philosophy: It state belief or though that are used by scholar while conducting research like interpretivim and positivism. Interpretivist is most suitable for qualitative data 4
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while positivist for quantitative method therefore research will make use of interpretivist method as qualitative method is used to conduct research (Gaut and Kieran, 2018). Sampling:It is statistical process in whichsamples or observation that are taken form group of individuals in order to analysis key characteristics of whole population or group. Purposive and simple are two sampling method that are used to conduct research out of which scholar will make use of random sampling to gathered relevant information regarding impact of CSR on customers satisfaction level (Gil-Gomez and et.al., 2020).The researcher will make use of secondary sources in order to conduct research related to the topic for gathering relevant facts and information. Data analysis: It state about the way data is analysed which can be done in two different ways like thematical and SPSS so among them researchers has decided to make use of thematical analysis (Deshpande, 2018). Through this users of information can easily understanding key information by just seeing at graphs or tables thus it is best method to analysis data. Ethical consideration:All ethic value and principles has been considered while making research related to impact of CSR on customers satisfaction level.Appropriate citatsion has been made in order to specific from which sources information has been taken (Freeman, 2016). Literature review As per view ofAmalnick and Zadeh, (2017),customers relationship management is technique that is used by several organisations to handle diverse individuals or to interact, build relationship with them so that they are motivated to select specific company for longer time frame. In another terms Customers relationship management is concept that include several process starting from attracting customers to influencing to make purchase for many years so that firm can enjoy high profitability and market share. The author has also specific that this concept has become important in recent scenario only because of rapid changes, development in technology and increase in competition level in industry. Therefore, companies in order to retain maximum customer within organisation focus on developing strong relationships. So that they can be influenced to prefer it for satisfaction of their respective wants and company can gain competitive advantages. As illustrated byGonzález-Serrano and et.al., (2019),there are several method or techniques which could be used by management of organisation to develop better relationship with end individuals in order to enhance their satisfaction level and overall sales volume of firm. 5
Like use of digital technologies and social media platform to gathered relevant information about existing trend, taste and preferences of customers so that effective strategies can be used to influence them. Email, Sms are some other method that can be used by companies to create awareness among customers about recent products and services or promotional offers. It can also take regular feedback from customers through both online and offline sources thus find alternative options that can be useful in resolving their key issues.Another method that can be used by enterprise to improve customer’s relationship management process is to work on every touch point where customers interact with company. Touch point such as employees, official website, products and services or promotion offers of company influence most of the individuals to be part of specific organisation for satisfaction of their respective needs and wants. Therefore, companies by using several methods can easily retained maximum number of individuals within organisation for longer time frame. As noted byPark and Morgan, (2017),customers relationship management have positive impact on satisfaction level of customers as companies by effectively understanding needs and preferences of individuals is able to find appropriate strategies that could be fruitful in making them happy and satisfied.Company by taking continuous feedback from customers is able to improve its performance and delivered services that are beyond expectancy of individuals thus gain competitive advantages in hospitality industry.It is most successful marketing strategies that are used by various organisation to attract and retained maximum individuals within firm so that it can enjoy huge profitability and market share in external environment. Company through maintaining strong relationship with customers can easily build brand image and reputation that will further increases more number of people to select products and services of specific organisation. As per point view ofKhashab, Gulliver and Ayoubi, (2020),customers expectation, taste and preference are ever-changing in nature therefore companies can easily adapt to external changes in customers’ requirements by maintain strong relationship with them. It helps in finding data or facts related to purchasing habit of customers, their opinion and preferences thus alternative way can be find to satisfied their requirements in best possible manner for growth and sustainability of firm. Customers become more happy and satisfied when they know that company is high concerned about their needs and preferences thus it helps in generating more sales and revenue in the organisation. There are diverse individuals with different needs so it is 6
quite difficult for firm to use of right strategies to influence right individuals. So, customer’s relationship management helped in providing more personalised services to end customers thereby contributing in achievement of end goals of organisation. Therefore, it can be stated that company through working on building and maintaining customers relationship can easily gain maximum market share and enjoy profitability for longer time frame. Timeline Introductionand Rationale Aim,objectives andresearch questions Research methodology Literature review Data analysis Submission 7
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REFERENCES Books and journals Amalnick, M. S. and Zadeh, S. A., 2017. Concurrent evaluation of customer relationship managementandorganizationalexcellence:anempiricalstudy.Performance Improvement Quarterly,30(1). pp.55-88. Davidavičienė,V.,2018.ResearchMethodology:AnIntroduction.InModernizingthe Academic Teaching and Research Environment(pp. 1-23). Springer, Cham. Deshpande,H.V.,2018.ResearchinLiteratureandLanguage:Philosophy,Areasand Methodology. Notion Press. Freeman, M., 2016.Modes of thinking for qualitative data analysis. Taylor & Francis. Gaut, B. and Kieran, M. eds., 2018.Creativity and philosophy. Routledge. Gil-Gomez, H and et.al., 2020. Customer relationship management: digital transformation and sustainablebusinessmodelinnovation.EconomicResearch-EkonomskaIstraživanja, pp.1-18. González-Serrano and et.al., 2019. Entropic statistical description of big data quality in hotel customer relationship management.Entropy,21(4). p.419. Khashab, B., Gulliver, S. R. and Ayoubi, R. M., 2020. A framework for customer relationship management strategy orientation support in higher education institutions.Journal of Strategic Marketing,28(3). pp.246-265. Madhovi, P. G. and Dhliwayo, S., 2017. The relationship between Customer Relationship Management(CRM)andperformanceinthehotelindustry.AfricanJournalof Hospitality, Tourism and Leisure,6(1). pp.1-13. Nikou,S.Handet.al.,2016.Electroniccustomerrelationshipmanagement,customer satisfaction, and customer loyalty: A comprehensive review study.International journal of management and economics invention,2(12). pp.1133-1144. 8
Park, J. E. and Morgan, R. M., 2017. Outsourcing marketing and organizational learning: Managingcustomerrelationshipmanagement.JournalofMarketingThought,4(1). pp.27-45. Prabha,D.andSubramanian,R.S.,2017,January.Asurveyoncustomerrelationship management.In20174thInternationalConferenceonAdvancedComputingand Communication Systems (ICACCS)(pp. 1-5). IEEE. Sofi, M. R. and Hakim, I. A., 2018. Customer Relationship Management as Tool to Enhance Competitive Effectiveness: Model Revisited.FIIB Business Review,7(3). pp.201-215. TUZUNKAN, D., 2018. Customer relationship management in business-to-business marketing: example of tourism sector.GeoJournal of Tourism & Geosites,22(2). Yadav, S .K. S., 2016. Customer Relationship Management is the need of today.BEST: International Journal of Humanities, Arts, Medicine and Science (BEST: IJHAMS), ISSN (P), 2348,521. 9