Assessment 1: Project Proposal Helping Customers Build Relationships through CRM: The case of Apple and Samsung Field of Research: In the intense and competitive world, organizational success and performance is dependent on the customer satisfaction. With the changing global standards, technology plays a crucial role in customer satisfaction.As the smartphone industry is highly competitive, every company intends to satisfy its customers in less time. Therefore, every organization intends to maximize the customer values electronically. Secondary Data: Theinformationonhttps://www.statista.com/statistics/605933/worldwide-customer- relationship-management-market-forecast/makes it clearer how the companies are adopting CRMsoftwaretoboostcustomersatisfaction.Theinformationon https://www.news.com.au/technology/gadgets/mobile-phones/let-the-smartphone-wars-begin-as- apple-and-samsung-go-all-out-to-become-the-top-seller/news-story/ 17e64d26bbf8cdc3047e98795470da6dpresents more quantitative data about the increasing rivalry between the two smartphone companies- Apple and Samsung. Research Questions: The primary research question for the purpose of this paper is: How does an organization build effective customer relationships using CRM? A few secondary questions that shall be answered in this research paper are: What is the role of CRM in organizational performance?
How does customer satisfaction affect organizational success and performance? Search Terms: Customer Relationship Management, Organizational Performance, Customer Satisfaction Reference List: According to Rodriguez, Peterson and Ajjan (2014), customer Relationship Management (CRM) increases sales productivity, business performance and relationship with buyers. This reference has been chosen as it helps in determining the relationship between CRM and firm performance. Rodrigue, Peterson and Krishnan (2018) believed that CRM technology impacts the sales process by creating and managing opportunity and relationships. A specific study in the three regions of the world like Europe, Asia and US was analyzed. The results suggest that there were differences in CRM effectiveness due to difference in significant sales process. It was also found that better CRM effectiveness resulted in better relationships and better opportunities. This reference has been chosen as it provides insight about three different geographical regions. Wang and Kim (2017) suggest how social media usage can help the organizations build new CRM capabilities for better organizational performance. The authors in the article follow partial least square regression to find the relationship between CRM and social media affecting the sales performance. This reference has been chosen as it draws insight for the research applying the lastest technology, i.e. social media. Rodriguez, M., Peterson, R. M., & Ajjan, H. (2015). CRM/social media technology: impact on customerorientationprocessandorganizationalsalesperformance.InIdeasin Marketing: Finding the New and Polishing the Old(pp. 636-638). Springer, Cham.
Rodriguez, M., Peterson, R. M., & Krishnan, V. (2018). Impact of CRM technology on sales process behaviors: empirical results from US, Europe, and Asia. Journal of Business-to- Business Marketing, 25(1), 1-10. Wang, Z., & Kim, H. G. (2017). Can social media marketing improve customer relationship capabilitiesandfirmperformance?Dynamiccapabilityperspective.Journalof Interactive Marketing,39, 15-26.