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CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA

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CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP
START UP IN WESTERN ODISHA
(SURVEY OF JHARSUGUDA / ROURKELA / SAMBALPUR)
A D...
POST GRADUATE DEPARTMENT OF COMMERCE
GOVERNMENT AUTONOMOUS COLLEGE, ROURKELA
CERTIFICATE
This is certify that the disserta...
DECLARATION BY THE CANDIDATE
I the undersigned solemnly declare that the project report is
“CUSTOMER RELATIONSHIP MANAGEME...
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CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA

“CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA” is submitted for the award of the degree of M. Com to Government Autonomous college, Rourkela, Sundargarh embodies the result of bonafide research work carried by PARV PODDAR , having ROLL NO 19PCOM029 based on my own work carried out during the course of study

“CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA” is submitted for the award of the degree of M. Com to Government Autonomous college, Rourkela, Sundargarh embodies the result of bonafide research work carried by PARV PODDAR , having ROLL NO 19PCOM029 based on my own work carried out during the course of study

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CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA

  1. 1. CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA (SURVEY OF JHARSUGUDA / ROURKELA / SAMBALPUR) A DISSERTATION SUBMITTED TO THE POST GRADUATE DEPARTMENT OF COMMERCE IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF COMMERCE SUBMITTED TO: - ASST. PROF. MR. DHIREN KUMAR MAHANTA HOD, P.G DEPARTMENT OF COMMERCE GOVERNMENT AUTONOMOUS COLLEGE, ROURKELA SUBMITTED BY NAME - PARV PODDAR ROLL NO - 19PCOM029 CLASS - PG 2ND YEAR REGISTRATION NO - 35670/16 SESSION - 2019-2021 UNDER THE GUIDANCE OF MADHUSMITA MALIK FACULTY IN PG DEPARTMENT OF COMMERCE
  2. 2. POST GRADUATE DEPARTMENT OF COMMERCE GOVERNMENT AUTONOMOUS COLLEGE, ROURKELA CERTIFICATE This is certify that the dissertation entitled “CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA” is submitted for the award of the degree of M. Com to Government Autonomous college, Rourkela, Sundargarh embodies the result of bonafide research work carried by PARV PODDAR , having ROLL NO 19PCOM029 under my guidance & supervision. No part of the dissertation has been submitted for any other Degree or Diploma. Asst. Prof. Mr. Dhiren Kumar Mahanta Madhusmita Malik HOD, PG Dept. of Commerce Faculty in PG Dept. Of Commerce
  3. 3. DECLARATION BY THE CANDIDATE I the undersigned solemnly declare that the project report is “CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA” based on my own work carried out during the course of our study under the supervision of Madhusmita Malik Mam. I assert the statements made and conclusions drawn are an outcome of my research work. I further certify that 1. The work contained in the report is original and has been done by me under the general supervision of my supervisor. 2. The work has not been submitted to any other Institution for any other degree/diploma/certificate in this university or any other University of India or abroad. 3. We have followed the guidelines provided by the university in writing the report. IV. Whenever we have used materials (data, theoretical analysis, and text) from other sources, we have given due credit to them in the text of the report and giving their details in the references. Parv Poddar 19PCOM029
  4. 4. ACKNOWLEDGEMENT I would like to express my gratitude towards Madhusmita Malik for guiding me throughout the project. I also feel thankful and express my kind gratitude towards our HOD Asst. Prof. Mr. Dhiren Kumar Mahanta for allowing me to conduct “CUSTOMER RELATIONSHIP MANAGEMENT OF GIFT SHOP START UP IN WESTERN ODISHA” project. I thank all participants shops, Sapno Ka Tofaa from Jharsuguda, The Needs & Asiatic Gallery From Sambalpur and Archies Gallery from Rourkela, The for their positive support and guidance. I feel thankful to the college staff for giving me such a big opportunity. I ensure that this project was done by me and is not copied. PARV PODDAR 19PCOM029 CONTENTS
  5. 5. SL No PARTICULARS PAGE NO. 1 Chapter-1 (Introduction) 1 1.1 Concept of the Topic 2 1.2 Scope of the Study 4 1.3 Limitation of the Study 6 1.4 Sources of data 6 1.5 Methodology 6 1.6 Chapterisation 7 2 Chapter-2 (Literature Review) 8 2.1 Introduction to the Literature 9 2.2 Objective of the study 9 2.3 Literature Review 10 3 Chapter-3 (Profile’s of the Business) 25 3.1 Profile of the Business (History & development) 26 4 Chapter-4 (Empirical Analysis) 35 5 Chapter-5 (Findings & Suggestion) 45 6 Chapter-6 (Conclusion) 49 7 Bibliography 50 Chapter 1 :- Introduction
  6. 6. Data are becoming the new raw material of business…. – By Craig Mundie, Senior Advisor to the CEO at Microsoft Engaging old Customers with Busines, Indirectly Increases the Life of the business….. - Parv Poddar In this Digital and E-Commerce Era, every business is doing as well as trying to do their best to maintain customer relationship, Business Profitability, and Advertisement as well. Maintaining Customer Relationship is a challenge now days; if you are a business man and you are not able to engage your previous customer they will not be loyal to you, they will shift towards new and better if any there. Any activity which has the objective of earning profit is called business. Such activities . are termed' as economic activities. They may take the form of consumption, production, distribution or exchange. Its primary function is to transform a set of inputs into output which includes both goods as well as services. The objective of a firm carrying on business is the same i.e. to earn profit,The term 'environment' refers to a set of external factors and forces which are outside the control of the firm. In study of Masters there were 2 subjects which were Business Ethics and Business Environment they give lesson towards the Roles and Importance of Business towards society. The Analogy between them is quite satisfying and how it can be used is further explained in this project, with real examples. Business Ethics belongs to the branch of philosophy which deals with normative or 'what ought to be the norms of conduct.' Ethical concepts should essentially follow the process of logical reasoning which includes conceptualizing, defending and suggesting the norms of correct and incorrect behavior. Business ethics deals with applied ethics which also includes individuals, societal and organizational values. Ethics in business includes precepts, principles and practices in the conduct of business. This is done specifically in view of the stakeholders namely shareholders, employees, customers, creditors, suppliers, competitors, government, investors and community, The code of conduct related to best practices in business emphasizes the implication of ethics in business. 1.1 Concept of the Topic
  7. 7. The Focus mainly on the Customer Relationship Management CRM, Also known as a client relationship manager, a customer relationship manager maintains an ongoing level of engagement with key customers. Customer relationship managers build trusting relationships with clients and protect the brand by maintaining a positive image. customer relationship manager will constantly identify opportunities to grow the customer base and build positive relationships with new clients. You should also be strategic and analytical when finding solutions to problems to ensure maximum client satisfaction. To be successful as a customer relationship manager, one should possess excellent communication skills and maintain the core values of the organization. You will conduct quality assurance surveys to determine customer satisfaction and use the findings to improve on areas of complaint. Ultimately, an outstanding customer relationship manager will work closely with sales and accounts managers to ensure that all staff preserves relationships with clients. Customer Relationship Manager Responsibilities: • Building and maintaining profitable relationships with key customers. • Overseeing the relationship with customers handled by your team. • Resolving customer complaints quickly and efficiently. • Keeping customers updated on the latest products in order to increase sales. • Meeting with managers in the organization to plan strategically. • Expanding the customer base by upselling and cross-selling. • Understanding key customer individual needs and addressing these. • Conducting business reviews using CRM programs. • Knowing your competition and strategizing accordingly. Need and Importance of CRM: • Better service to customers: ... • Customization of market offerings: ... • Reduction in the customer defection rate: ... • Increase and improvement in long-term relationships: ... • Increase in customer equity: ... • Competitive advantage: ... • Building and maintaining corporate image: ...
  8. 8. • Higher return on investment The Project consist comparisons between Gift shops from Sambalpur, Jharsuguda, and Rourkela, the shop were chosen on basis of Google Map Review according to search, upon them questions regarding Ethics and Environment were asked, there is no advance tool or process is used just normal comparisons on based of answers we got from the business itself. Topic chosen for deeper understanding of Customer Relationship and various factors influencing the customer to transfer / visit another shop, Gift shop was chosen because it is a service with interact with customer over a long period of time until the gift is being ready. In other business for example : Electronics, Food Items, Necessities Retail or wholesale shops all have their product to sell as quick the customer arrives, but in gift shop this is isn’t the case there is interactions with the shopkeeper until and unless the work is being done or achieved. The ultimate Task and Concept was to see how each business has their own perspective towards the society and what kind of ethics they do follow in the real competitive market to get a push in the position as well recommendation, the customer point in past as compare to present the digital era has been increased significantly as previously there wasn’t any platform for the customer to give feedback on a global scale about the business, and of which the exploitation and arbitrary actions was taken by the shopkeepers without in the knowledge of the society but now with the beginning of the Digital Era – Internet world we have multiple platforms where business are getting multiple number of feedbacks and their quality of service. Giving my own example for further clear and clean view of platforms like Google Maps, Just dial, Facebook, Amazon, Flipkart, India mart and many more and more are there upon which the choice is totally depend upon the customer in which of them he/she is comfortable and think are reliable sources and the information is checked and verified. Also the business must be registered on the particular website or portal to have numbers of reviews. 1.2 Scope of the Study
  9. 9. Traditionally and essentially CRM is management software for sales, marketing and customer service teams as they are the major touch points for any customer Relation strategy. 1. CRM for sales management • Salesforce and pipeline management • Lead, contact and prospect management 2. CRM for marketing • Product Awarness campaign management • Database management • Social media engagement 3. CRM for customer service • Customer service and contact management • Promotion Stuffs • Social listening integration As there are numbers of shops are there which provide all services or many not provide, may or may not be registered or may or may not be selling online, there also is probability of that there may be no customer who has not reviewed but the business is at a good position comparable to its competitors, thus from many reasons the Covid – 19 Pandemic is also responsible to make the scope of study to a limited ground and area, in my case the projected is sole limited to 3 districts only. But this kind of project need a great detail and unlimited scope as the business also affected by a number of reasons to be success or failure, in this case whole western Odisha is also not counted because in some districts there were no shops and even if there was any it was not in competition to had any chances of question or chances of improving their performance with due respect of time, changes come always to those are a where there is a need of competition or challenged, without both of them whether it’s a person or business ( which is also refereed as Artificial Person in Commerce ) can’t improve their performance. Being having limited scope for study, this report or project cannot satisfy in all aspects of our county or our state but taking accordance with the limited districts only one can satisfy with it, study provide certain minute details and real life tactics to have a good control over the business and help to analyzing the environment also.
  10. 10. This business project benefit to young entrepreneurs who are going to or willing to start contribution in our economy through going in Business field, as with my knowledge and lessons I have till now I can say a very famous dialogue in context of what knowledge will you get from is the dialogue is “A Car never wins a Race, It’s the Driver who make it win..“ In Simple words the Business is neither good nor bad, neither profitable nor not profitable, its solely depends upon the business man and he is only responsible whether business is working out or not working out, one cannot blame customers, places or any other materialist things. This Survey will also help in • During this Covid-19 Pandemic it will led to know what is CRM and How to maintain, implement and Ensure. • Will Definitely help new and existing start up to know the meaning of CRM and know the importance. • This will also Help in Consumer Survey as it will work as a base for CRM. 1.3 Limitation of the Study
  11. 11. The limitations are in following points :- 1) There was Limitation of access to the cities of whom the businesses are taken into consideration. 2) Lack of Ground Level investigation. 3) Lack of evidence. 4) Ethical Question answered cannot be challenge but can be questionable on different views. 5) Even though there was nothing sensitive data required from them, still some denied helping due to digital hacking, Virus, and misusing of information, for which necessary action like disclaimer was given. 6) Counter Questions cannot be done through telephonic conversation as it may lead to arguments and conflicts over call. 7) Even though in amid of Covid Pandemic and Lockdown all over the state no was ready to help in context of giving time for telephonic conversation neither filling up the survey, which was given to them in return for a Participation certificate as lollypop 8) Finding a Gift shop was a real challenge as there were many who were not registered but due to baseless there shop would not be qualified for this project 1.4 Sources of Data The Sources of Data were primary and secondary both as well, Due to pandemic only the project is quasi Primary Data based and even the base is taken from the secondary data ( Google Maps Review ). 1.5 Methodology There has been Questionnaire method, Telephonic Questionnaire and Graphical Representation is used during any activity of the project, it based on common sense comparison only and hence can be used or understand by anyone. 1.6 Chapterisation
  12. 12. Further the Chapters include certain details provided in summerised manner here only : Chapter 1: Introduction to Survey / Project :- Details of the survey, what its Concept, Need, Significance, and its Aptitude Chapter 2: Introduction to Customer Relationship Management ( CRM ) :- Consist of Views and Reviews of Different authors on this project and consist their Article, Books and Research including methodologies used by them to survey and summarization of their report based on it, to make a clean clear image it. It will consist of a major introduction and Objective of the literature review and then having views, methodologies and summary of their report Chapter 3: Profile’s of the Business :- Details of Each business and evidences collected by them will be projected on it as well as it will contains the basic details of the business to compare with each of them as business also characteristics by the level of investment and hard work done by them, and changes and products they have and they going to sell in the business. Chapter 4: Empirical Analysis :- The Full top comparison between business and in different aspects and their environment, with full of questionnaire and Graph plots and how they can do well in their business. Chapter 5: Findings & Suggestions :- What the difference with make a difference in customer point of view and their perspective will be share accordingly with my point of view and what challenges and Benefits faced by me from time to time. Chapter 6: Conclusion :- Finally with summarization and consolidated report on the project with consisiting of all important highlights, Facts and Figures.
  13. 13. Chapter 2 :- Literature Review "Your most unhappy customers are your greatest source of learning." - Bill Gates - Amanda Austin
  14. 14. Chapter 2.1 :- Introduction to the Customer Relationship Management Customer relationship management (CRM) first gained prominence in the early 1990s. It refers to the holistic approach that organizations can take to manage their relationships with their customers, including policies related to contact with customers, collecting, storing, analyzing customer information, and the technology needed to perform these tasks. Literature of review in this project is majorly based on the customer relationship and how if going to affect the basic and foundation of the business, as well as the image portrayed by the customer in the sociological and physiological manner in society and their environment, There will be many Authors and articles to make a basic and ideology of this project to further introduce and go to the data collected by me, literature review will clear in what context the project is being taken by me and hence being done, it also plays a major role in understanding this project. Chapter 2.2 :- Objective of the study The objective to study are explained some following points : 1) To analyze Western Odisha Market Important Cities – Jharsuguda, Sambalpur and Rourkela. 2) To Help MSME’s, Small Business to know the importance of Customer Relationship Management and how it works. 3) Made for the prospect, growth and improvement of Small Scale Industries. 4) Will Create a Base and Ideology for further understating of the Project and Survey led by to do in this business. 5) Will help in accumulating and comparing the basis on which on can easily count on the business and need to change or implement in the business. 6) Context of Study and project for more broad understanding and clarity on project.
  15. 15. Chapter 2.3 :- Literature Review “Your Brand Is What Other People Talk About, When You Are Not In The Room…” - Dr Vivek Bindra Sl. No 01 Article Name & Type Customer Relationship Management ( CRM ) – Book Author Francis Buttle Objective 1) Explains what CRM is, 2) The benefits it delivers, 3) The contexts in which it is used, 4) How it can be implemented 5) How CRM can be used throughout the customer life-cycle stages Methodology Logical Structure, Easy Accessibility and Case Illustrations. Summary Information technology (IT) companies have tended to use the term CRM to describe the software applications that automate the marketing, selling and service functions of businesses. This equates CRM with technology. Although the market for CRM software is now populated with many players,The term portfolio is often used in the context of investments to describe the collection of assets owned by an individual or institution, A customer portfolio is the collection of mutually exclusive customer groups that comprise a business’s entire customer base.The core customer lifecycle management processes are the customer acquisition, customer development and customer retention processes. These three processes determine how companies identify and acquire new customers, grow their value to the business and retain them for the long term.
  16. 16. Sl. No 02 Article Name & Type Customer relationship management (CRM) and Innovation: A qualitative comparative analysis (QCA) in the search for improvements on the firm performance in winery sector Author A) Department of Business Organization, Universitat Politècnica de València, Spain B) Universidad Privada Boliviana, Bolivia Objective 1) This article presents an exhaustive review of previously published findings and studies the reality of CRM in business through a qualitative, descriptive approach, reviewing the present-day literature on the impact of CRM in the modern business environment. 2) This article reviews the 17 most recent and most relevant studies on how CRM affects the development of Business Innovation policies, Methodology local investigation. Summary Customer Retention is the most relevant dimension for CRM studies.In terms of Innovation, the Process Innovation dimension is the most significant.The CRM most relevant focus is how to help companies retain customers.CRM is a key tool for customer loyalty reinforcement and firm performance. Sl. No 03 Article Name & Type “In A.I. we trust?” The effects of parasocial interaction and technopian versus luddite ideological views on chatbot-based customer relationship management in the emerging “feeling economy” Author SeounmiYoun & S. VenusJinb Objective A between-subjects experiment examined the effects of the type of relationship (virtual assistantship versus virtual friendship) consumers build with AI-enabled chatbots on brand personality perception, parasocial interaction (PSI), and CRM. Methodology Questionnaire and Customer Experience Survey Summary Chatbots can form virtual assistantship versus virtual friendship with customers. Chatbots can represent a brand in customer relationship management (CRM). Brand personality perception and parasocial interaction (PSI) affect CRM. Virtual friend chatbots induce stronger PSI than virtual assistant chatbots. Technopians and luddites respond differently to AI-manifested brand personality.
  17. 17. Sl. No 04 Article Name & Type Brave New World? On AI and the Management of Customer Relationships Author BarakLibai, YakovBart, SonjaGensler, Charles F.Hofacker, Andreas Kaplan , KimKötterheinrich & Eike BenjaminKrollf Objective 1) conduct herein a critical analysis of how artificial intelligence (AI) affects the essential nature of customer relationship management (CRM). 2) survey the AI capabilities that will transform CRM into AI-CRM and examine how the transformation will influence customer acquisition, development, and retention. 3) Highlight in particular how AI-CRM's improving ability to predict customer lifetime value Methodology Quantification and digitalization trends, Larger CRM datasets Summary Given AI's aforementioned abilities, we consider outcomes for customers, firms, and markets in general, starting with customers. Indeed, many customers may enjoy enhanced personal service, the benefit likely to become less costly as technology enables firms to replace humans in an increasing number of service jobs. However, as follows from the previous discussion on selective acquisition, development, and retention, AI-CRM is not likely to deliver such benefits equally to all consumers. We next elaborate on the reasons therefore. Sl. No 05 Article Name & Type Strength in Numbers: How Does Data-Driven Decision making Affect Firm Performance? Author Erik Brynjolfsson, Lorin M. Hitt Objective 1) measure of the use of “data-driven decision making” (DDD) 2) captures business practices surrounding the collection and analysis of external and internal data Methodology Combining measures of this construct captured in a survey,Analysis of financial performance and market value Summary Case literature and economic theory suggest a potential connection between data driven decision making and productivity. By analyzing a large sample of firms, we find that DDD is indeed associated with higher productivity and market value, and that there some evidence that DDD is associated with certain measures of profitability (ROE, asset utilization). Our results are consistent with different measures of our IT variable and changes in the time period of the panel. In the productivity estimation, it
  18. 18. appears to be robust to the use of instrumental variables methods to control for reverse causality or other forms of endogeneity. Collectively, our results suggest that DDD capabilities can be modeled as intangible assets which are valued by investors and which increase output and profitability. Sl. No 06 Article Name & Type Impact of Celebrity Endorsements on Brand Image. Author Debiprasad Mukherjee Objective 1) To analyze the impact of celebrity endorsements on brands. 2) To examine the relationship between celebrity endorsements and brands. 3) Impact of celebrity endorsement on consumer's buying behavior. 4) How consumer makes brand preferences. Methodology Questionnaire based sample analysis, Interviews over phone & face to face Summary It is easy to choose a celebrity but it is tough to establish a strong association between the product and the endorser. Advertising is seen as playing a manipulative and merciless role in the emerging brandscape, seeking to transform customers into the personification of brand identity. Keller emphasizes the need for a structured approach based on sound research in order to manage brands strategically and to generate optimum value both in terms of asset valuation and marketing efficiency. To achieve this effectively, value for the brand has to be created and managers must have the knowledge and expertise to exploit this value by developing profitable brand strategies. Overall research points to accumulated positive influence over the audience's recall and purchase intentions, with celebrities deemed more effective than using a typical consumer or expert. Sl. No 07
  19. 19. Article Name & Type Aggregate Confusion: The Divergence of ESG Ratings Author Florian Berg, Julian F Kölbel Objective investigates the divergence of environmental, social, and governance (ESG) ratings detect a rater effect where a rater's overall view of a firm influences Methodology categorize all indicators provided by the different data providers into a common taxonomy of 65 categories Summary The contribution of this article is to explain why ESG ratings diverge. I develop a framework that allows a structured comparison of very different rating methodologies. This allows us to separate the difference between ratings into the components scope, measurement, and weights divergence. I find that measurement divergence is the most important reason why ESG ratings diverge, i.e. different raters measure the performance of the same firm in the same category differently. Sl. No 08 Article Name & Type Do Some Business Models Perform Better than Others? Author Thomas W. Malone, Peter Weill Objective analyze the firms' financial performance in three categories: market value, profitability, and operating efficiency Methodology Analysis of sources of revenue in their financial reports Summary results will be useful to several different kinds of readers. First, they can help researchers systematically analyze changes over time in the business models of individual firms and whole populations of firms. Second, managers can use our business model concepts to understand at a deeper level the structural choices they have to make about their own firms’ business models and how to manage these different business models effectively. Finally, our framework can provide investors with a useful lens for analyzing potential investments. Unlike well known concepts such as industry classification, this perspective focuses on the deep structure of what firms actually do. And, since this perspective is not yet well-known, it may lead to novel insights about which investment opportunities are most attractive.
  20. 20. Sl. No 09 Article Name & Type The Economics of Privacy Journal of Economic Literature, Vol. 52, No. 2, 2016 Sloan Foundation Economics Research Paper No. 2580411 Author Alessandro Acquisti, Curtis R. Taylor Objective 1) Summarizes and draws connections among diverse streams of theoretical and empirical research on the economics of privacy. decisions regarding the trade-offs associated with the privacy and the sharing of personal data. 2) How the economic analysis of privacy evolved over time, as advancements in information technology raised increasingly nuanced and complex issues associated with the protection and sharing of personal information. Methodology collected about individual users using Internet Summary — as highlighted by both theoretical models and empirical studies — may reduce frictions in the market and facilitate transactions. On the other hand, however, the claimed societal benefits of data sharing have not always been vetted and confirmed. For instance, the ability of Google Flu Trends to correctly estimate influenza activity Sl. No 10 Article Name & Type CRM and 4 P’s of Marketing Author Prof R Ramakrishnan Objective 1) Sustainable competitive advantage Although CRM 2) Impact in India has been mixed. It has been called a strategic tool that combines business processes, technology, employees and information across an enterprise to attract and retain profitable customers. Methodology Data Interpretation Summary CRM can cut a lot of waste out of marketing programs. Data is generated every time customers contact the company and every time someone from the company contacts them. To use CRM successfully, they must shift their focus from products to customers and implement the change across the company. CRM can also help in tackling competition by taking on new competencies, delivering value for money, institutionalizing TQM, reducing cycle time and building strong brands. In fact, CRM can help build strong Indian brands
  21. 21. Sl. No 11 Article Name & Type A STUDY ON EFFECTIVENESS OF SOCIAL MEDIA ADVERTISING IN INDIA Author Palla Reddy, Dr. L. Kuladeep Kumar Objective 1) To investigate and analyze the key factors that affect the effectiveness of advertisements on Facebook, Twitter and other Social Media Channels. 2) To find the impact of interaction through these communication among users(with reference to Facebook and Twitter) Methodology structured questionnaire, uses a descriptive research method. Summary Social Media measures are classified into the following dimensions viz., Infusion measures, Market measures, and Economic Measures. This study examines to measure Social Media effectiveness as considers CVM , ELAM, TAM models to measure the effectiveness of Social Media. The results says that the Social Media effectiveness leads to Economic Measures (Impact), Influence to Good Planning ( Influences) and Market Analytics (response) Sl. No 12 Article Name & Type E-Banking Practices and Customer Satisfaction - A Case Study in Botswana Author Dr. Asma Mobarek Objective 1) Evaluate electronic banking, more commonly known as e-banking as a strategy and related 2) Methods adopted by selected commercial banks in Botswana to improve the customer satisfaction, which plays a major part in the service industry 3) Study of four commercial banks in Botswana Methodology Questionnaire, sampling Summary Consumer behaviour is changing partly because of less spare time. The way of use of financial services is characterized by individuality, mobility, independence of place and time and flexibility. Financial transactions caused by purchases will more and more be carried out by
  22. 22. non- and near- banks. These facts represent big challenges for banks.Banks are using the Internet as a new distribution channel. Sl. No 13 Article Name & Type Valuing Customers Author Sunil gupta, donald r. Lehmann, and jennifer ames stuart Objective (1) provides insights not possible at the traditional more-aggregate level of analysis, (2) facilitates projections for new and growing businesses, and (3) provides an explanation for the dot-com bubble. Methodology using data from five companies: one traditional firm (Capital One) and four Internet companies (Amazon.com, Ameritrade, eBay, and E*Trade) Summary Customer lifetime value is receiving increasing attention in marketing, especially in database marketing. In this article, we attempt to show that the concept not only is important for tactical decisions but also can provide a useful metric to assess the overall value of a firm. The underlying premise of our model is that customers are important intangible assets of a firm, and their value should be measured and managed as is any other asset. Our article builds on recent work in marketing in the area of customer lifetime value by extending it to the arena of financial valuation. We also build on recent work in accounting in which the approach has been to regress current market value of a firm against tangible and intangible assets. Sl. No 14 Article Name & Type Customer Lifetime Value Author Prof. R Ramakrishnan Objective various concepts connected with Customer Life time value. Methodology Theory Summary can compare the future value of customers. LifeTime value is used to make decisions about allocating marketing to ideas that generate high potential value customers, and away from ideas generating low potential value customers. Merchants typically use promotional offers, trial periods, unique content, bundled offerings and more to attract potential
  23. 23. consumers. Customer Response, Retention and Valuation Concepts using Recency and Frequency can be used to rank the LifeTime Value and likelihood to respond of customers relative to each other. Sl. No 15 Article Name & Type Customer Relationship Management in Indian Banks Author G.S Popli, D.N Rao Objective 1) To analyze the extent of the implementation of CRM in Indian Banks. 2) To study and compare CRM implementation between the Public and Private Sector Indian Banks. 3) To analyze the perceptions of the customers regarding the impact of CRM on service quality. 4) To evaluate the impact of CRM on customer retention. Methodology Cronbach Alpha test Summary Banks have started acknowledging the importance of the customers in developing their business. They have recognized that it is essential to protect and grow its customer base and ultimately its profitability. The banks can do this by building a strong relationship with the customers. To meet the customer needs and to beat the competition, they must deliver superior quality service. The CRM approach adopted by banks focuses on maximizing the value for the customer and the bank. The key drivers to customer loyalty are: (a) Positive Staff Attitude. (b) Honesty, Integrity and Reliability. (c) Productive advice and delivery of the promised service. (d) Consistent delivery of superior quality service. (e) Simplicity and easiness of doing business. (f) A fair and efficient complaints resolution. Sl. No 16 Article Name & Type CRM and Stakeholder Management Author R Ramakrishnan Objective 1) To identify stakeholders, measure their relative and absolute influence on organisational or project performance and on one another and then to manage the linkages between these influential relationships. 2) It helps them ensure that they and their projects succeed where others fail.
  24. 24. Methodology CRM approach requires substantial data, Internet Data Summary Technologies like mobile phones, internet etc can be leveraged to increase delivery channels at lower cost, and have better internal control systems. A reliable credit information system that will enhance the efficiency safety and integrity of the payments and remittances system can be developed using CRM. It would also provide all the required MIS reports. A well functioning payments system itself improves economic activity and its efficiency. Further financial services need to be supplemented by organizing support for ancillary activities and knowledge dissemination. Farmers training centers, village knowledge centers for ensuring sustainable development Sl. No 17 Article Name & Type EFFECT OF CUSTOMER RELATIONSHIP MANAGEMENT ON CUSTOMER SATISFACTION AND LOYALTY Author Dr. E. B. KHEDKAR Objective 1) To analyze the impact of customer relationship management on customer satisfaction. 2) To analyze the impact of customer relationship management on customer loyalty. Methodology based on cross sectional method because the data obtained is used to understand the distribution of statistical population. The data is collected through survey with questionnaire as data collection tool. Summary Customer Relationship Management (CRM) is a process that integrates management of customer groups, management heads of an organization and managing business in an effective way. CRM act as tool to facilitate the business and thereby improving customer relationship with the organizations. Finally after conducting this research and validating it through various data and quantitative analysis it can be effectively stated that CRM is needed in any organization will result in optimizing profitability, income and meeting the needs of customers. The utmost thing that CRM provides is customer satisfaction. An effective CRM will lead to customer satisfaction and if the customer is satisfied it drives towards positive word of mouth and loyalty. Sl. No 18 Article Name & Type A STUDY ON CUSTOMER SATISFACTION & SERVICE GAPS IN SELECTED PRIVATE, PUBLIC & FOREIGN BANKS
  25. 25. Author Prasanta K. Padhy Objective 1) To understand and analyze the dimensions of the awareness and satisfaction level of customers with regard to the services provided by the selected branches of the three of the three major banking segments i.e.,Private,Public & Foreign banks, 2) To identify and differentiate the best banking sector among the above cited three banks in terms of customer satisfaction, 3) To ascertain the relevant dimensions of service quality in banks, and, 4) To offer suggestions, if needed, based on the analytical results of the current study. Methodology SERVQUAL measuring instrument developed by Parsuraman et al. (1988) was adapted and used for the this study. Summary The results of the this study also indicated that foreign banks seem to be performing well followed by private sector banks and public sector banks. Thus, the study has established that the technological factors seem to be the differentiating factor among the three groups of banks as far as customer perceptions of service quality are concerned. The finding of the present study highlights the unstable nature of these facets in developing economies, which may not be true in developed economies. Therefore there is a need to duplicate this study in developed economics as well. Sl. No 19 Article Name & Type Customer Relationship Management Programmes and Their Impact on the Financial Performance of Businesses: A Proposed Model Author Dr. ir. Adam Lindgreen,& Dr. Gurvinder S Shergill Objective 1) To develop a scale to classify a company into a category of low, middle, or high customer relationship management conscious companies. 2) To develop a conceptual and theoretical framework to measure the impact of customer relationship management on company performance Methodology Postal Questionnaire Summary this paper proposed two aspects of a study to go about investigating the research question. First was the development of a scale to measure the extent of customer relationship management and second was how to control the impact of 10 possible factors on performance. Then, at the end, we proposed a regression model, which will be used to investigate the relationship. The described framework will set the pace for future studies in the area.
  26. 26. Sl. No 20 Article Name & Type Performance in Service Marketing from Philosophy to Customer Relationship Management Author Prof. Victor Danciu, Ph. D. Objective customer management should take into account the relationship character of the service marketing. The focus on retaining actual customers Methodology Book References Summary Retain all the profitable customers is elementary. Managing toward zero defections is revolutionary / imaginary. It requires careful definition of defection, information systems that can measure results over time in comparison with competitors, and a clear understanding of the microeconomics of defection. Ultimately, defections should be a fundamental component of incentive systems. Managers should know the company’s defection rate, what happens to profits when the rate moves up and down, and why defections occur. They should make sure the entire organization understand the importance of keeping customers and encourage employees to pursue zero defections by trying incentives, planning, and budgeting to defections targets. Most important, managers should use defections as a vehicle for continuously improving the quality and value of the services they provide to customers. Sl. No 21 Article Name & Type Is it Worth the While? The Relevance of Qualitative Information in Credit Rating Author Bina Lehmann Objective to predict as accurately as possible whether a credit event (delayed payments or any other breach of contract) occurs for a certain credit relationship within a certain period of time in the future. Methodology Extensive research - research was usually based on publicly available information such as insolvencies & financial ratios from annual reports Summary To evaluate the classification performance of the models, three different types of measures will be looked at: the well-known and routinely used measures that are based on a single contingency table and, thus, on a single threshold; ROC-based measures that do not imply a single Threshold but cover the whole range of thresholds and one measure based
  27. 27. on the difference between predicted default probabilities and observed outcomes. Sl. No 22 Article Name & Type Banner Advertising as a Customer Retention Tool in Customer Relationship Management Author Puneet Manchanda, Jean-Pierre Dubé, Khim Yong Goh & Pradeep K. Chintagunta Objective role of banner advertising in a digital environment such as the Internet. Methodology field surveys or laboratory experiments using individual (or cookie) level data. Summary our results would have been richer if we had information on the actual message contained in each advertisement and the identity of the referral sites. Fourth, we do not have any knowledge of the other marketing variables such as price and promotion during consumers’ purchase visits. Finally, our targeting exercise would be more relevant if we had data on the profit per customer and not just revenue per customer. These limitations may be addressed in future research by running formal field experiments or by obtaining richer datasets that provide natural variation on these dimensions. Sl. No 23 Article Name & Type Customer Relationship Management and Firm Performance Author Tim r. Coltman, timothy m. Devinney, david f. Midgley Objective the impact of customer relationship management (CRM) on firm performance using a hierarchical construct model. Methodology hypotheses on a cross-sectional sample of business-to-consumer firms based in Australia. Summary The results reveal a positive and significant path between a superior CRM capability and firm performance. It is shown that CRM initiatives that jointly emphasize customer intimacy, cost reduction and analytic intelligence outperform those that take a less balanced approach. The results help to explain why CRM programs can be successful and what capabilities are required to support success.
  28. 28. Sl. No 24 Article Name & Type Social Customer Relationship Management (SCRM): How Connecting Social Analytics to Business Analytics Enhances Customer Care and Loyalty? Author Mohammed Nadeem, PhD Objective 1) This study examined the relationship between SM, customer care and customer loyalty. Marketers are working in challenging times. 2) To explore how engaging customers through social communities are having far-reaching effects on customer loyalty. Methodology Research is built on previous works of Hutton and Fosdick (2011); Ang (2011); Baird and Parasnis (2011); Valentini et al (2011); Woodcock et al (2011); Barry et al, (2011); Moran and Gossieaux (2010); Barnes (2009) Summary Many companies today have social efforts siloed across functions. Leaders align their organizations to more effectively coordinate and communicate. Companies must make it a priority to increase the number of their promoters and shrink the number of their detractors, discovering and investing behind the actions that improve the company’s NPS in ways that are financially sound and that will result in profitable, sustainable, organic growth. Once a company has linked its approach to business strategy and targeted its key customers, it needs to put in place an organization to follow through—an organization that’s designed to enable coordination and share best practices. Winning companies mobilize cross-functional teams spanning marketing, sales, public relations, corporate strategy, customer service, product development, IT, HR and legal. Sl. No 25 Article Name & Type A STUDY OF CUSTOMER RELATIONSHIP PRACTICES ADOPTED BY INDIGO AIRLINES Author Sonam Jambhulkar Objective 1) To identify and analyze the customer relationship activities taken by indigo airlines for customers. 2) To analyze the impact of CRM activities of Indigo Airlines on customers. 3) To give suggestions and recommendation as to improve the customer relationship activities. Methodology data of primary and secondary in nature
  29. 29. Summary CRM systems should be used differently in major airlines and low-cost airlines. In major airlines they should promote customers with better offers that compromise with cost-effect market needs and in low-cost airlines CRM systems should be used to enhance service delivery, service quality and better accuracy.CRM activities hold a very important role in growth of any business. It focuses on acquisition, retention and expansion of customer base. In the study of CRM practices of Indigo airlines it can be seen that the target market is middle class, which is cost sensitive, therefore all the activities taken up by the airlines is a way to increase the customer base and retain the existing customer through cost effective measures.
  30. 30. Chapter 3 :- Profile’s of the Business “There is only one boss. The customer, And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” - Sam Walton
  31. 31. Chapter 3.1 :- Profile of the Business (History & development) The Base of this Dissertation Paper is Details of the business and upon them only analysis is to be done, This Survey has taken business as all gift shops into consideration as base for the empirical analysis of the project. The Data of the business are taken into accordance with the survey itself marked in bibliography with a QR code, the Basic details of the business were taken upon the consideration there only, Being the Maker of the project I assure you the consideration is fair enough, the main sources of colleting such type of information was Survey Questionnaire, Telephonic Conversation and Internet. I have Taken 4 Business for consideration for this Project work their details are :- 1) Sapno Ka Tofaa, Jharsuguda, 2) The Needs, Sambalpur, 3) Asiatic Gallery, Sambalpur, 4) Archies Gallery, Rourkela, 5) The Amazing Odisha Handicraft, Bhubneshwar – Only for Amazon Comparison. The Details are mentioned next to the business "Just having satisfied customers isn’t good enough anymore. If you really want a booming business, you have to create raving fans." - Ken Blanchard
  32. 32. Sapno Ka Tofaa in Jharsuguda Basic Business Details :- Name of Your Business and Owner:- Sapno Ka Tofaa Which Type of Organization Does your Business Carries:- Soloprenuer Address And Phone number of your shop:- Ground Floor, Poddar Gali, Marwari Para, Jharsuguda – 768201, +917064888406 Do you have GST ? if Yes give its details:- Yes, 21DCZPP1879J1ZS Total No of Employees + Workers you have:- 1 Nearest Popular Land Marks and Distance from your shop:- Sapno Ka Tofaa, Shree Tirupati Courier Service Jharsuguda Does Owner is always present in premises/shop ?:- Yes What is your targeted Audience ?:- Teens, Adults, Couples, Family Do you use Technology in your business ? If Yes, please explain:- Yes, I am Very enthusiastic to adopt new and fresh technology in my business. Year of Establishment:- 2018 Has corona hitting your business ?:- Yes, have a Decline of 70% How much you have abled to expand your business from beginning to present ?:- Yes, In this Covid-19 Pandemic, I have made some new tech based gifts What major set back in your business you regret ?:- Comparing our products with Chinese one Yearly Turnover ?:- 1 Lakh + How Much investment you have done in your business ?:- 3 Lakh + What Future Improvement step you will take for your Business ?:- No planning due to corona
  33. 33. Logo :- QR Code for Google Search :- Registered in MSME, and GEMs Portal of Govt Part of PAN INDIA ( Confidential ) Franchise Owner of Shree Tirupati Courier Service Pvt Ltd, Jharusugda Part of NGO for support them to Plant Trees ( Confidential ) Shop With Highest Review in Jharsuguda
  34. 34. The Needs in Sambalpur Basic Business Details :- Name of Your Business and Owner:- The Needs Which Type of Organization Does your Business Carries:- Entrepreneur Address And Phone number of your shop:- Khetrajpur, Sambalpur, Odisha 768003, +9194388 37622, +917008409746 Do you have GST ? if Yes give its details:- Yes Total No of Employees + Workers you have:- 1-5 Nearest Popular Land Marks and Distance from your shop:- - Does Owner is always present in premises/shop ?:- Yes What is your targeted Audience ?:- Childrens, Teens, Adults, Couples & Family Do you use Technology in your business ? If Yes, please explain:- No Year of Establishment:- 2010-2020 Has corona hitting your business ?:- Yes, have a Decline of 50% How much you have able to expand your business from beginning to present ?:- Adding Good Collection What major set back in your business you regret ?:- Nothing like that Yearly Turnover ?:- 1 Lakh + How Much investment you have done in your business ?:- 10 Lakh + What Future Improvement step you will take for your Business ?:- No plan
  35. 35. Logo :- No Logo QR Code for Google Search :- Audio File For more details :-
  36. 36. Asiatic Gallery in Sambalpur Basic Business Details :- Name of Your Business and Owner:- Asiatic Gallery Which Type of Organization Does your Business Carries:- Franchise Based Company Address And Phone number of your shop:- Laxmi Talkies Road, Sambalpur, Odisha 768003, 09937072198 Do you have GST ? if Yes give its details:- Yes Total No of Employees + Workers you have:- 5-10 Nearest Popular Land Marks and Distance from your shop:- Opposite Town Police Station Does Owner is always present in premises/shop ?:- No What is your targeted Audience ?:- Children’s, Teens, Adults, Couples & Family Do you use Technology in your business ? If Yes, please explain:- Yes, Have Website Year of Establishment:- 2010-2020 Has corona hitting your business ?:- Yes, have a Decline of 50% How much you have able to expand your business from beginning to present ?:- Adding Good Collection What major set back in your business you regret ?:- Nothing Like That Yearly Turnover ?:- - How Much investment you have done in your business ?:- 10 Lakh + What Future Improvement step you will take for your Business ?:- No plan
  37. 37. Logo :- No Logo QR Code for Google Search :-
  38. 38. Archies Gallery in Rourkela Basic Business Details :- Name of Your Business and Owner:- Archies Gallery, The Giftholics Owner – Jaideep Chhabra Which Type of Organization Does your Business Carries:- Franchise, Company Address And Phone number of your shop:- CC-2, Chandini Market Complex, Panposh Road, Rourkela 4 – 769004, 9776525999 Do you have GST ? if Yes give its details:- Yes Total No of Employees + Workers you have:- 1-5 Nearest Popular Land Marks and Distance from your shop:- City Super Bazaar and Vishal Mega Mart Does Owner is always present in premises/shop ?:- Sometimes What is your targeted Audience ?:- Children’s, Teens, Adults, Couples & Family Do you use Technology in your business ? If Yes, please explain:- No Year of Establishment:- 2010-2020 Has corona hitting your business ?:- Yes, have a Decline of 50% How much you have able to expand your business from beginning to present ?:- Expansion in Terms of Product and range only What major set back in your business you regret ?:- Comparison with Chinese low quality goods Yearly Turnover ?:- Confidential How Much investment you have done in your business ?:- Confidential What Future Improvement step you will take for your Business ?:- Including more price effective products and going online.
  39. 39. Logo :- No Logo QR Code for Google Search :- Audio File For more details :-
  40. 40. Chapter 4 :- Empirical Analysis The Main Analysis were based on the questions asked over the call they played a major role in project, through questionnaire one can get the required data but not exact data, as no one speaks about itself and business truthfully, there may be some but we cannot assure all are correct thus there was a huge for telephonic Conversation, I am also a part of gifting industry It was a major challenge for me to find out the required data and information, without letting them know who I am actually, being a tough competitor to them I have maintain the balance no focusing more over my business, as every business man will try to make their business good, apart from business mindset and keeping it aside I have made this project considering all Questions and all reports in true and fair manner. The Telephonic Conversation Questions and Primary replies from them were are as below : - 1) Where is your shop located in ? This question is led down because gift shop location play a major and crucial role in selling as well as achieving target, as gift shop interact with public as more as they can, thus to build a healthy customer base as wee as relationship it quite important to operate from such a place where crowd is more, targeted audience is more, for example the number of Ice Cream Sellers will be more near schools coaching rather than near to banks, petrol pump or restaurant, Consolidating all the Answer of all 3 persons there was no benefit or nothing was there to influence their business and increase their potential to sell more and more. 2) How much order you get in a month on an average? The Answer has to be similar with the above question as they are not enjoying any privilege due to place thus it should be common only, the reality may be different according to consolidated figures they said about 20-50. 3) Are you part of / joined any communal, religious, cultural activity group ?
  41. 41. Consolidated most of the Answers were no they are not, even may be they are part of they will not tell as it’s a very very sensitive question but the reaction and the traditional method shows who ever hold a franchise of a particular brand get and has a helping support from them. I was going to be a part of but due to this pandemic all assumptions, planning got cancelled, as a business man and being a student of commerce I had made a Flexible plan but with due decrease in no of order, distracted me. 4) Do Society help you getting orders ? Some Business are close to each other and where a symbiotic relationship can be made example : Cake Shop and Gift Shop, and etc, Thus its not so often that one will get orders from other manufacturers BUT making a good relationship with customers can make wonders they can help you in getting orders if they are satisfied enough. Consolidated Answers of rest of three were no. 5) What you do for society, any special discount anything like that.? Being fair enough, Consolidated answer were no they do not do anything special but do provide coupons or discounts on festival sales, not off season. BUT Sapno Ka Tofaa has this unique ability is that , We contribute to society with making banner for all festivals and popular days amongst every religion, gender, race, group and do provide discount only to our previous customers only who had purchased items more than 1000-1500. 6) What changes you have made in your business after analysis / Seeing your society ? Consolidated Answer :- According to preferences and needs the content of bucket is always changing in nature, as with the trend the needs and desire of the person is changed, All were speaking they have increase the number of items that were sold previously with a rapid sells, but from my point its not
  42. 42. for a business to carried same product because as all they have it then no one will buy them for now. 7) What Ethics you follow in your business ? The meaning behind this question was to see “ what if a person found defective or by mistake the shopkeeper or seller haven’t seen it” – Consolidating some said they will exchange if it’s in a certain range and type of product, some said only if he/she is a old customer, though they check and give, BUT in Sapno ka Tofaa, as we are selling products all over India thus many items it has happened to us , for this kind of issue we made a video opening solution with all details, and before giving to customer we though saw them and do whatever has to be done 8) Do you respect Customer privacy ? This kind of ethical question require a physical interrogation or live testing as one always will say yes do follow, looking to there social media and all things, Consolidated Data show they neither ask customer nor they inform they just put them, In Sapno Ka Tofaa, customer come from very far places contact us for due reason, we never share the picture of one customer with other customer or anyone, if we have done a fabulous work, we do ask the customer to post or not, with due respect then only we post them over internet. 9) Situation Based Questionnaire “What if, Customer want a product and want you to send it through delivery what if it get broken, what responsibility you ready to take ” Consolidated Answer from 2 of them were, as its not our responsibility if in the way whatever is done, and 1 of them told I will assure with a good packing and ask the delivery companies how it going to be, safe or not.
  43. 43. 145 11 31 69 5 4.4 3.9 4 1 2 4 3 0 20 40 60 80 100 120 140 160 Sapno Ka Tofaa The Needs Asiatic Gallery Archies Gallery No of Reviews Name of Business Graph Based over Ratings in Google Map No of Reviews Average Total Rating Position Among them 10) Situation Based Questionnaire “What if, Customer put anything wrong about you over the internet or telling people against you” Consolidated Answer, Will speak to them / Don’t care where in in Sapno Ka Tofaa We maintain detail of each and everyone and make sure the customer is satisfied with our service 11) Do you send any monthly festival related message or anything ? All they said that they don’t, Excluding Franchise as they made it for all over India franchisee thus they create so far. The Survey Main Questions and replies from them were are as below :-
  44. 44. Sapno Ka Tofaa in Jharsuguda Product Related Questions :- Do you deal in fragile (sensitive) products :- Yes, Sometimes we do What unique item you have that no one has in your near by shops which makes you special ? :- Tech Based Frames What if customer asks for a product you never heard of what you do ? :- We do Take order and Make them Available How You will rate your products as worth for money ? :- 4.5 Stars Do you use sample of your product before selling them into market ? :- Yes For sure What is so unique your products are having that no one has explain please :- Tech Based Frames, And Our designs are unique What is the Life Term of your product ?:- 10+ Year depend upon usage How you sell your products :- Retail only Are you a Manufacturer ? :- Yes Selling Strategy :- Do you advertisement ? :- Not so often What mode of advertisement used by you ? :- Digital Advertisement with celebrities Do the Near by land mark you have provide you enough business for a living ? :- Yes, Eduhub and Café What other Spot/location over your city, you think over which you can done fantastic Middle of Town, marked me access easily
  45. 45. and earned more than current location :- Do you go for online sales ? :- Yes Online Selling :- In which platforms you are selling your Product :- Amazon, Flipkart, And have resellers How Much order you made till now over it :- More than 250+ Turnover :- 50% of total let us know what product you sell in there and provide links to purchase them. :- Search my brand name over Google will get all of them. The Needs in Sambalpur Product Related Questions :- Do you deal in fragile (sensitive) products :- Yes What unique item you have that no one has in your near by shops which makes you special ? :- Good Collection What if customer asks for a product you never heard of what you do ? :- We Don’t take Order How You will rate your products as worth for money ? :- 3.5 Stars Do you use sample of your product before selling them into market ? :- No What is so unique your products are having that no one has explain please :- Good Collection What is the Life Term of your product ?:- No Guarantee How you sell your products :- Retail only
  46. 46. Are you a Manufacturer ? :- No Selling Strategy :- Do you advertisement ? :- No What mode of advertisement used by you ? :- Nothing Do the Near by land mark you have provide you enough business for a living ? :- No What other Spot/location over your city, you think over which you can done fantastic and earned more than current location :- Crowed place, as near by many shops are there Do you go for online sales ? :- No Online Selling :- In which platforms you are selling your Product :- - How Much order you made till now over it :- - Turnover :- - let us know what product you sell in there and provide links to purchase them. :- - Audio File For more details :- Asiatic Gallery in Sambalpur
  47. 47. Product Related Questions :- Do you deal in fragile (sensitive) products :- Yes What unique item you have that no one has in your near by shops which makes you special ? :- Good Collection What if customer asks for a product you never heard of what you do ? :- We Don’t take Order How You will rate your products as worth for money ? :- 4 Stars Do you use sample of your product before selling them into market ? :- No What is so unique your products are having that no one has explain please :- Good Collection What is the Life Term of your product ?:- Depend upon the Product How you sell your products :- Retail only Are you a Manufacturer ? :- No Selling Strategy :- Do you advertisement ? :- No What mode of advertisement used by you ? :- Nothing Do the Near by land mark you have provide you enough business for a living ? :- No What other Spot/location over your city, you think over which you can done fantastic and earned more than current location :- Crowed place, as near by many shops are there Do you go for online sales ? :- No Online Selling :-
  48. 48. In which platforms you are selling your Product :- - How Much order you made till now over it :- - Turnover :- - let us know what product you sell in there and provide links to purchase them. :- - Archies Gallery in Rourkela Product Related Questions :- Do you deal in fragile (sensitive) products :- Yes What unique item you have that no one has in your near by shops which makes you special ? :- Entire Range of Greeting cards and Stationary What if customer asks for a product you never heard of what you do ? :- We take order and try to get the product How You will rate your products as worth for money ? :- 3 Stars Do you use sample of your product before selling them into market ? :- No What is so unique your products are having that no one has explain please :- Have Monopoly of specific items What is the Life Term of your product ?:- 10 years to Lifetime How you sell your products :- Retail only Are you a Manufacturer ? :- No Selling Strategy :- Do you advertisement ? :- Yes
  49. 49. What mode of advertisement used by you ? :- Sms Marketing, and Online Marketing Do the Near by land mark you have provide you enough business for a living ? :- Not dependent upon others What other Spot/location over your city, you think over which you can done fantastic and earned more than current location :- Main Road Do you go for online sales ? :- Not now but planning to go Online Selling :- In which platforms you are selling your Product :- - How Much order you made till now over it :- - Turnover :- - let us know what product you sell in there and provide links to purchase them. :- - Audio File For more details :- Chapter 5 :- Findings & Suggestion
  50. 50. Findings Analyzing the whole report, and business we found that following points :- 1) Customer Satisfaction and Need for Customer Relation between Business and Customer play an important role over Life of Business, : Customer needed to be satisfied not only with the product – Quality, Attributes, Pricing but also with the Quality of Service. 2) Customer Satisfaction led to development of business, : If A Customer will be satisfied both mentally with the product and physically with the services and vice versa the more promotion he/she can do to any business. 3) Customer Satisfaction cannot be teach in any school, college or come from any degree it comes from practice only, : A businessman’s experience make him/her best in selling and maintaining relations with the customer’s. 4) Customer Satisfaction is a Process of Arts, one who have it she/he can easily influence the customer, : As there is no fixed rules or regulations as a science subject has to be practice it come with a dynamic natures thus it’s a subject of arts it changes time to time. 5) Customer is the God of business, a business without any loyal customer is a path toward loss / Debt : Unworthy, Incapable, and unable to make a regular customer will be a burden as no regular customer the more will be time taking to find a customer, loosing time in business means loosing time to upgrade it and difficult to churn, for getting Cream. 6) Customer influences others to be your customer, : Influencing the customer is the business man and making them to find customer in your behalf the sole objective of the CRM, business man cannot go everywhere where as customer can 7) Treat your Customer as if he is the business man, and one should convince him why she/he should choose you amongst your competitor for any desired product. : If you are not in competition, no one will be your customer, to get customer you should know the tactics, methods, technique of the present competitors to go for a cut throat competition.
  51. 51. Future Impact of Customer Relationship Management : 1) Without Customer Relationship Management one cannot make a loyal, healthy and regular customer : Must corporate, influence, offer customer to make them thinking of your business time to time, this will enhance your CRM. 2) Banks, Hospitals, Software Companies, Courier / Transportation Companies, Medical Pharma industry, Schools and Colleges are adopting the CRM policy and Getting J curve in their Business, : J Curve means how to grow a business from least profits to high one and get the benefit 3) Environment – Companies do CSR – Corporate Social Responsibility which not only enhances the company but also make their same as customer should develop ISR Individual Social Responsibility towards the society and their Customer, 4) The more will be the Customer Satisfaction the more will be chances of getting a new customer, : Customer provide free promotions if served well and satisfied with your service & dedication. 5) Customer are not born, they have to be made, : No person will become customer unless they get the desire of the product you are selling so creating desire though will make customer 6) Individuals have to have a Futuristic view of their business, : Futuristic View will guide business man to emphasize more on customer indirectly more customers are the future of the business. 7) Loss of a Customer is a Loss of Business. : :Losing a single customer due to lack of recourse, commitments, or quality of either product or service will cost as a loss to business directly.
  52. 52. Suggestion Improve Customer Relations :- 1) You should Indulging then and including them into business by sharing the business with them create a bond between business and customer. : example knowing their choices, financial spending capability, Background, what purchased previously and so on will connect you to them. 2) Using the Latest Technical know how :. Example Using Facebook, Google and other platforms to promote and catch customers from there, online digital marketing. 3) Giving coupons, promotional messages or discount for those who already is part of business. : Making them involving / participating in giveaways for your business stuffs and creating a fan base with your unique products. 4) Product Awareness Programs, : Generate a product awareness program will lead to directly and indirectly promotion of product and increase the number of leads 5) Comparison with Cheap items should not be done : Cheap Market (China) goods must be ignored and Made in India Approach should be follow thus to increase the number of customer, create a social ethics towards it, as every citizen has the patriotism towards its country use it well, 6) First Use it then Sell it approach : Using the product will led you know its advantages and disadvantages thus you can manage the conversation with your customer regarding it. 7) Marketing with influencers : Influencers has a good audience base use that audience for promoting your items and it will help you reaching more and more people at a time. 8) Promoting Business not the Product : Never promote your product it will lead to duplication where as promoting business is easy task but duplication of business cannot be done without experience.
  53. 53. 9) Advertisement attract competitors not customers : Never make an advertisement of an unique item or product you have always make focus on general product with 10-20% uniqueness thus only to attract not to attack Chapter 6 :- Conclusion
  54. 54. I have compared my business along with those who are nearby my cities and have a top most score in their cities, on the basis of Customer Relationship Management, the focus and the purpose was to check what are the implications led by a customers on a particular business, Being a Responsible Business owner and Franchise Owner, I come to conclusion that, there are 90% of the business who don’t know the value of the customer in their business and may lead to a derogative rating in next view years as well as lack of customer base, I have putted all the information being neutral to all the business as this report will not fetch me customers, Solution of the situation is to Educate them and Help in knowing implications of the customers and how to create a bonding, Being a Member of Dr. Vivek Bindra, He is the best in field to guide, there is a lack of government indulgence in this matter, The MSME portal should take some steps to make understand the crucial bond. Chapter 7 :- Bibliography
  55. 55. A. Chapter 2 :-Literature Review each article Links 1) https://www.taylorfrancis.com/books/mono/10.4324/9780080949611/cus tomer-relationship-management-francis-buttle 2) https://www.sciencedirect.com/science/article/pii/S0040162521002705 3) https://www.sciencedirect.com/science/article/abs/pii/S07475632210004 31 4) https://www.sciencedirect.com/science/article/pii/S1094996820300839#s 0055 5) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1819486 6) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1444814 7) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3438533 8) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=920667 9) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2580411 10) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1751648 11) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2751745 12) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1011112 13) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=459595 14) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1747726 15) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1373592 16) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1751871 17) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2618014 18) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1525555 19) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=519202 20) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1000671 21) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=410186 22) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=468120 23) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1386484 24) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2645894 25) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2349011 B. Business Profile Audio Files Link 1) Business 2 – The Needs :- https://drive.google.com/file/d/1iWJjnTjqRt5- PkfSyBOKFYphlS-3V42r/view?usp=sharing 2) Business 4 – Archies Gallery :- https://drive.google.com/file/d/1A2S8T1FmQc_mLEBM9gFJW2HWCE yOtNki/view?usp=sharing C. Business Profile Google Search Link
  56. 56. 1) https://www.google.com/search?q=sapno+ka+tofaa&rlz=1C1CHBD_enI N728IN728&sxsrf=ALeKk02fN7rvZC46mVg0CwtaaekMLgpLbA%3A 1621338144913&ei=IKijYJCjN7WortoPifiv4AE&gs_ssp=eJzj4tVP1zc0 TM8oqKqwzMsyYLRSNagwTjQySDVPsTQ1Nze1TEsytzKosDBKNjA 2MkgxNjQzs7AwTfPiK04syMtXyE5UKMlPS0wEAL95FDs&oq=sapno +ka+&gs_lcp=Cgdnd3Mtd2l6EAMYADINCC4QxwEQrwEQJxCTAjIH CAAQAhDLATICCAAyAgguMgIIADICCAAyAgguMgIILjICCC4yAg guOgcIABBHELADOggILhCRAhCTAjoICAAQsQMQkQI6BAguEEM 6CAgAELEDEIMBOgUIABCxAzoKCC4QxwEQrwEQQzoLCC4QsQ MQxwEQowJKBQgpEgExUMPipgJYt-qmAmDs- 6YCaAFwAngCgAGzGIgB5DySAQ0zLTEuNi0yLjIuMC4xmAEAoAE BqgEHZ3dzLXdpesgBCMABAQ&sclient=gws-wiz 2) https://www.google.com/search?q=the+needs+sambalpour&rlz=1C1CH BD_enIN728IN728&sxsrf=ALeKk01MJJkUSBwiIj464bM92erZvqRJM A%3A1621343007437&ei=H7ujYOf2GdeA9QPC97roCg&oq=the+need s+&gs_lcp=Cgdnd3Mtd2l6EAMYADIECCMQJzIECCMQJzICCAAyA ggAMgIILjICCAAyAggAMgQIABAKMgQIABAKMgIIADoQCC4Qx wEQrwEQsAMQJxCTAjoJCAAQsAMQChAeOgUIABCRAjoFCAAQs QM6CwguELEDEMcBEKMCOgcILhCxAxBDOgQIABBDOgQILhBD OhAILhDHARCvARDqAhAnEJMCOgcIIxDqAhAnOgsILhDHARCvA RCRAjoICAAQsQMQgwE6CAguEMcBEKMCOggILhCxAxCDAToF CC4QsQM6CAguEMcBEK8BUKPIAli04QJgluwCaANwAHgBgAHGB IgBgCSSAQkyLTYuNC4xLjKYAQCgAQGqAQdnd3Mtd2l6sAEKyAE CwAEB&sclient=gws-wiz 3) https://www.google.com/search?q=asiatic+gallery+sambalpur&rlz=1C1 CHBD_enIN728IN728&oq=Asia+&aqs=chrome.1.69i57j69i59j46i275i4 33j0i433l2j0l2j69i60.7290j0j9&sourceid=chrome&ie=UTF-8 4) https://www.google.com/search?q=archies+gallery+rourkela+odisha.&rlz =1C1CHBD_enIN728IN728&oq=Archie&aqs=chrome.1.69i57j35i39j46 i199i291i433j0i7i30l2j0i433l2j69i60.6335j0j9&sourceid=chrome&ie=U TF-8
  57. 57. "Customer service should not be a department. It should be the entire company." - Tony Hsieh "Imagine your customer is your best friend—listen to their concerns, be a shoulder to lean on and then shift the focus from what went wrong to how you can help make it right." - Rachel Hogue "Always begin with: 'So that I can better serve you, do you mind if I ask a few questions?'" -Jodie Shaw "People will forget what you said. They will forget what you did. But they will never forget how you made them feel." - Maya Angelou

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