CRM, CXM, Customer Service and Sales should not be considered as separate, fragmented processes. CRM is relational and data-driven, CXM is experiential, aimed at sensations and emotions, Sales is transactional, largely logical and proactive, and Customer Service reactive, apologetic and incidental. An integrated process would strive to build relationships not based on sales but on pleasurable experiences, while minimizing complaints and maximizing new client referrals. It is no longer enough to attract and satisfy customers; you have to delight them. Although loyal consumers are most typically satisfied, satisfaction alone does not universally translate into loyalty, much less to advocacy. CRXM, as proposed here, is an integrated approach that attracts customers to please them, not just to sell them something. Indeed, Customer Service should sell, just like car dealers do; and Sales personnel should be held accountable not only for sales but for customer loyalty, that is, beyond satisfaction, for minimized complaints and customer attrition, and for maximizing new client referrals. Otherwise, their efforts will end when the customer buys, once, not twice, much less forever. CRXM would integrate CRM, CXM, Sales and Customer Service under a single umbrella by making all Agents and Account Executives pursue similar goals like maximizing sales revenue and customer loyalty, while minimizing complaints and promoting client referrals. An integrated indicator that combines the CLTV, referred businesses minus customer or account costs could also be incorporated into staff evaluations.
About Rutgers Business Review
About Us
Francisco J. Quevedo
Rutgers University, USA
Francisco J. Quevedo is an Assistant Professor of Professional Practice with the Marketing Department at Rutgers Business School. He is a University of Massachusetts 1978 graduate and got his doctorate, MBA, and CAGSB at Pace University, New York, NY. He was an Adjunct...
Related articles
Retail
Consumer Behavior
Retail Reimagined: A Blueprint for Trauma-Informed Customer Experiences
by Jennifer L. Stevens, Stacie F. Waites, Tyler Hancock
Trauma alters consumer behavior, especially in retail spaces. This research identifies specific triggers within retail environments that may re-traumatize...
Marketing
Diversity
Consumer Behavior
Executive Insights: An Interview with Bill Imada, Chairman and Chief Connectivity Officer at IW Group
by Stacy Smollin Schwartz
I discussed the latest marketing trends with Bill Imada, Chairman and Chief Connectivity Officer at IW Group and the co-founder of the National Millennial Gen Z...