A study was conducted by the author among 100 corporate units in Chennai, in
April-July 2004, for portraying their varying levels of awareness, interest and
adoption of Customer Relationship Management (CRM) packages in their business
operations. To control the response bias and increase the reliability of the data, a
structured pattern of questions was used during the descriptive survey research.
Statistical tests were employed for the data analysis using Statistical Package for
the Social Sciences (SPSS). A discriminant function emerged out of the study
findings, explicitly taking a logistic form that was typical of adoption behavior of
new technology-based CRM services in business operations. Furthermore, the
discriminant function designed by the author signified a shift in the ‘adoption and
push’ behavior. This will further predict the group membership among current
users, future users and nonusers of CRM packages, by gauging their level of interest
and awareness status which was measured on a five point scale. The study findings
also pointed out the need for a clear business strategy among corporate units who
are planning to implement CRM packages within 18 months, for quick business
results. Finally, the study concluded that awareness and interest levels were the
two determinants which separated the users from the nonusers of CRM packages in
Chennai.
The growing popularity of the Internet and
massive media hype surrounding its
commercial potential, has triggered an
avalanche of interest among corporate
units in using this new tool for serving their
customers globally. This trend has created
the need for having a separate CRM system
while serving clients/customers online and
off-line. Today, business generates a vast
amount of data for every conceivable
product, service, customer and otheraspects in an effort to understand the
markets better. Not surprisingly, converting
that data into valuable information is big
business and an investment for companies. |