Traditional Marketing vs CRM: Which Approach is Better for Growth?
VerifiedAdded on 2023/06/18
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Essay
AI Summary
This essay provides a comparative analysis of traditional marketing and the Customer Relationship Management (CRM) approach, particularly in the context of modern business strategies. Traditional marketing, characterized by offline promotional methods such as print, broadcast, and direct mail, is contrasted with CRM, which leverages technology and data to enhance customer service and sales. The discussion highlights CRM's capabilities in providing insights and intelligence through data analysis, automating marketing operations for efficient task management, offering integrated solutions by connecting CRM software with third-party applications, and enabling advanced, intuitive analysis for targeted promotions. Using Tesco as an example, the essay illustrates how CRM can improve overall business performance by understanding customer needs and optimizing marketing activities, ultimately arguing for the strategic advantages of CRM in contemporary marketing environments. Desklib provides a platform for students to explore similar solved assignments and study resources.
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