Customer relationship management in financial services: towards information-enabled relationship marketing
By L. Ryals, A. Payne. 2001
444 citations recorded by the source corpus.
Relationship marketing is concerned with how organizations manage and improve their relationships with customers for long-term profitability. Customer relationship management (CRM), which is becoming a topic of increasing importance in marketing, is concerned with using information technology (IT) in implementing relationship marketing strategies. This paper reports on a study of the adoption and use of CRM in the financial services sector. In particular, the key elements of CRM are examined in these organizations and executives' perceptions of the main IT components that enable responsive CRM are explored. CRM is classified into five stages of sophistication and a framework for CRM adoption is developed.
Subfields: Information Systems and Management, Organizational Behavior and Human Resource Management, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/0d16f2b9e93b39cf5905a86cb49d13e39e782e93
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In Information Systems and Management
In Organizational Behavior and Human Resource Management
In Sociology and Political Science
Citations in the corpus
- Customer relationship management and customer satisfaction: the mediating role of relationship quality (2017, methodology): “Customer relationship management (CRM) software systems have been widely used since the late 1990s as IT-enabled RM solutions (Ryals & Payne, 2001).”
- Personal characteristics, trust, conflict, and effectiveness in marketing/sales working relationships (2007, background): “), and customer relationship management ( Ryals and Payne, 2001”