Journal of Enterprise and Business Intelligence


Customer Relationship Management in an Era of Digital Disruption and Business Model Evolution



Journal of Enterprise and Business Intelligence

Received On : 30 April 2022

Revised On : 25 June 2022

Accepted On : 05 July 2022

Published On : 05 January 2023

Volume 03, Issue 01

Pages : 001-011


Abstract


This research is grounded on the conceptualization of CRM as a collection of technology solutions that play a pivotal role in effective company management. The current work aims to elucidate and establish the significance of the advantages associated with CRM, as previously emphasized in relevant literature, in relation to achieving business success. Existing sustainable studies are of special importance in this setting because they provide a model of practical inquiry into the positive effects of CRM practices across the 3D of sustainability (environmental, social, and economic). Once our predictions are confirmed, the following model`s validation will enhance our comprehension of how CRM-related advantages might amplify the beneficial influence of its conditions on each sustainability dimension. CRM may be seen as a kind of Green IT, focused on facilitating modern transformation and promoting the development of sustainable business models. This research model has the potential to serve as a foundational framework for a more targeted approach aimed at quantifying the effects and advantages of using CRM. We argue that this encompasses models of sustainable innovation and business.


Keywords


CRM (Customer Relationship Management), SMEs (Small and Medium Enterprises), Customer Relationship Management (CRM), Social Customer Relationship Management (SCRM), and Customer Knowledge Management (CKM)


  1. T. Zhang and P. Zhang, “How Firm-Customer Interactions Impact Customer Engagement Behaviors? An Empirical Study Of Hospitality And Tourism Services,” Global Fashion Management Conference, vol. 2018, pp. 115–115, Jul. 2018, doi: 10.15444/gmc2018.01.10.06.
  2. S. Bhenamesh and P. Panahi, “Examination of the Impact of Customer Relationship Management and Electronic Customer Relationship Management on Customer Loyalty and Satisfaction,” SSRN Electronic Journal, 2022, Published, doi: 10.2139/ssrn.4213932.
  3. A. Triki and F. Zouaoui, “Customer Knowledge Management Competencies Role in the CRM Implementation Project,” Journal of Organizational Knolwedge Management, pp. 1–11, Jan. 2011, doi: 10.5171/2011.235827.
  4. R. Khan, M. Lewis, and V. Singh, “Dynamic Customer Management and the Value of One-to-One Marketing,” Marketing Science, vol. 28, no. 6, pp. 1063–1079, Nov. 2009, doi: 10.1287/mksc.1090.0497.
  5. P. Pathranarakul and P. Sae-Lim, “Risk Management and Organizational Adaptability- Strategic Framework for Corporate Crisis Recovery: The Study of Oil and Gas Industry,” SSRN Electronic Journal, 2018, Published, doi: 10.2139/ssrn.3262597.
  6. K. A. Al-Busaidi and L. Olfman, “Knowledge sharing through inter-organizational knowledge sharing systems,” VINE Journal of Information and Knowledge Management Systems, vol. 47, no. 1, pp. 110–136, Feb. 2017, doi: 10.1108/vjikms-05-2016-0019.
  7. R. Raman and V. Grover, “Communicating the value of uncertain information technology investments using an options approach,” International Journal of Business Information Systems, vol. 1, no. 1/2, p. 129, 2005, doi: 10.1504/ijbis.2005.007404.
  8. R. M. Yohe, “CRM on CRM: One Person’s Perspective on the Birth and Early Development of Cultural Resource Management,” The Public Historian, vol. 27, no. 4, pp. 134–135, 2005, doi: 10.1525/tph.2005.27.4.134.
  9. C. C. S. de Araújo, C. D. Pedron, and W. N. Picoto, “What’s Behind CRM Research? A Bibliometric Analysis of Publications in the CRM Research Field,” Journal of Relationship Marketing, vol. 17, no. 1, pp. 29–51, Jan. 2018, doi: 10.1080/15332667.2018.1440139.
  10. P. Harrigan, E. Ramsey, and P. Ibbotson, “Entrepreneurial marketing in SMEs: the key capabilities of e‐CRM,” Journal of Research in Marketing and Entrepreneurship, vol. 14, no. 1, pp. 40–64, Jul. 2012, doi: 10.1108/14715201211246760.
  11. L. Y. M. Sin, A. C. B. Tse, and F. H. K. Yim, “CRM: conceptualization and scale development,” European Journal of Marketing, vol. 39, no. 11/12, pp. 1264–1290, Nov. 2005, doi: 10.1108/03090560510623253.
  12. J. Ojasalo, “Managing customer expectations in professional services,” Managing Service Quality: An International Journal, vol. 11, no. 3, pp. 200–212, Jun. 2001, doi: 10.1108/09604520110391379.
  13. A. Fishbach, T. Eyal, and S. R. Finkelstein, “How Positive and Negative Feedback Motivate Goal Pursuit,” Social and Personality Psychology Compass, vol. 4, no. 8, pp. 517–530, Aug. 2010, doi: 10.1111/j.1751-9004.2010.00285.x.
  14. M. Ferrer-Estévez and R. Chalmeta, “Sustainable customer relationship management,” Marketing Intelligence & Planning, vol. 41, no. 2, pp. 244–262, Dec. 2022, doi: 10.1108/mip-06-2022-0266.
  15. A. S. Carr and L. R. Smeltzer, “The relationship of strategic purchasing to supply chain management,” European Journal of Purchasing & Supply Management, vol. 5, no. 1, pp. 43–51, Mar. 1999, doi: 10.1016/s0969-7012(98)00022-7.
  16. P. Fidel, W. Schlesinger, And E. Emilo, “Effects Of Customer Knowledge Management And Customer Orientation On Innovation Capacity And Marketing Results In Smes: The Mediating Role Of Innovation Orientation,” International Journal of Innovation Management, vol. 22, no. 07, p. 1850055, Oct. 2018, doi: 10.1142/s136391961850055x.
  17. I. Diugwu, “Building Competitive Advantage of Small and Medium Sized Enterprises through Knowledge Acquisition and Sharing,” KCA Journal of Business Management, vol. 3, no. 3, Nov. 2011, doi: 10.4314/kjbm.v3i3.72098.
  18. Y.-H. Chen and C.-T. Su, “A Kano-CKM model for customer knowledge discovery,” Total Quality Management & Business Excellence, vol. 17, no. 5, pp. 589–608, Jun. 2006, doi: 10.1080/14783360600588158.
  19. S. Nilsson and S. Ritzén, “Exploring the Use of Innovation Performance Measurement to Build Innovation Capability in a Medical Device Company,” Creativity and Innovation Management, vol. 23, no. 2, pp. 183–198, Feb. 2014, doi: 10.1111/caim.12054.
  20. A. Paananen and M. Seppänen, “Reviewing customer value literature: Comparing and contrasting customer values perspectives,” Intangible Capital, vol. 9, no. 3, Oct. 2013, doi: 10.3926/ic.389.
  21. M. Attaran, “Information technology and business‐process redesign,” Business Process Management Journal, vol. 9, no. 4, pp. 440–458, Aug. 2003, doi: 10.1108/14637150310484508.
  22. M. Greenhalgh, “Business Practice Note No. 20: Client types and their expectations,” The Structural Engineer, vol. 96, no. 11, pp. 76–77, Nov. 2018, doi: 10.56330/yccz2498.
  23. D. Kocev, “Benefits of using CRM (Customer Relationship Management) by Accounting Services Providers,” Journal of Economics, vol. 6, no. 1, pp. 33–44, 2021, doi: 10.46763/joe216.10033k.
  24. M. Fahmi Al-Zyoud, “Employing marketing mix to increase the efficiency of CRM within organic products marketers in Jordan,” Innovative Marketing, vol. 15, no. 2, pp. 84–95, Jun. 2019, doi: 10.21511/im.15(2).2019.07.
  25. W. Eversheim, St. Krumm, Th. Heuser, and St. Müller, “Process-Oriented Organization of Order Processing – A New Method to Meet Customers Demands,” CIRP Annals - Manufacturing Technology, vol. 42, no. 1, pp. 569–571, Jan. 1993, doi: 10.1016/s0007-8506(07)62511-6.
  26. G. T. Sav, “Data Envelopment Analysis of Productivity Changes in Higher Education For-profit Enterprises Compared to Non-profits,” International Business Research, vol. 5, no. 9, Jul. 2012, doi: 10.5539/ibr.v5n9p1.
  27. “Executive summary of “How commitment to fellow customers affects the customer-firm relationship and customer citizenship behavior”,” Journal of Services Marketing, vol. 28, no. 2, May 2014, doi: 10.1108/jsm-02-2014-0067.
  28. S. Bhenamesh and P. Panahi, “Examination of the Impact of Customer Relationship Management and Electronic Customer Relationship Management on Customer Loyalty and Satisfaction,” SSRN Electronic Journal, 2022, Published, doi: 10.2139/ssrn.4213932.
  29. D. J. Childress, “A Valuable Resource for Information,” Neurology Now, vol. 2, no. 5, p. 4, Sep. 2006, doi: 10.1097/01222928-200602050-00005.
  30. G. Rahimi and A. M. Mansouri, “The relation between the organizational intelligence and organizational agility (Case study: employees of municipality of Tabriz,” International Academic Journal of Organizational Behavior and Human Resource Management, vol. 05, no. 01, pp. 133–139, Jun. 2018, doi: 10.9756/iajobhrm/v5i1/1810010.
  31. F. Boachie-Mensah and I. S. K. Acquah, “The Effect of Innovation Types on the Performance of Small and Medium-Sized Enterprises in the Sekondi-Takoradi Metropolis,” Archives of Business Research, vol. 3, no. 3, Jun. 2015, doi: 10.14738/abr.33.1240.
  32. J. Yun, S. Vigneswaran, M.-S. Lee, and S.-J. Lee, “A Laboratory Investigation Regarding Storage Stability of the CRM-Modified Bitumen—CRM Processing Method (Untreated vs. Treated),” Sustainability, vol. 15, no. 14, p. 10825, Jul. 2023, doi: 10.3390/su151410825.
  33. S. Aggarwal and Er. N. Madan, “Comparison between Various Approaches for Customer Relationship Management in Data Mining,” International Journal Of Engineering And Computer Science, Apr. 2016, Published, doi: 10.18535/ijecs/v5i4.41.
  34. J. Yun, S. Vigneswaran, M.-S. Lee, and S.-J. Lee, “A Laboratory Investigation Regarding Storage Stability of the CRM-Modified Bitumen—CRM Processing Method (Untreated vs. Treated),” Sustainability, vol. 15, no. 14, p. 10825, Jul. 2023, doi: 10.3390/su151410825.
  35. M. R. Shihab, I. Sukrisna, and A. N. Hidayanto, “Investigating customer relationship management systems involvement towards customer knowledge creation processes,” International Journal of Electronic Customer Relationship Management, vol. 9, no. 1, p. 56, 2015, doi: 10.1504/ijecrm.2015.070698.
  36. “Going green: increasing organizational attractiveness via sustainable practices and environmentally-conscious recruitment,” Human Resource Management International Digest, vol. 29, no. 5, pp. 45–47, Aug. 2021, doi: 10.1108/hrmid-06-2021-0131.
  37. “Green Information Technology And Sustainability: A Conceptual Taxonomy,” Issues In Information Systems, 2012, Published, doi: 10.48009/2_iis_2012_26-32.
  38. Dr. L. G R, H. K S, and Dr. G. G, “A Study on Benefits, Challenges and Factors Impressing Customer Relationship Management (CRM) W.R.T. Private Commercial Banks at Bengaluru,” Journal of Corporate Finance Management and Banking System, no. 33, pp. 1–13, Apr. 2023, doi: 10.55529/jcfmbs.33.1.13.
  39. S. M. M. Shah, U. Ahmed, A. I. Ismail, and S. Mozammel, “Going Intellectually Green: Exploring the Nexus between Green Intellectual Capital, Environmental Responsibility, and Environmental Concern towards Environmental Performance,” Sustainability, vol. 13, no. 11, p. 6257, Jun. 2021, doi: 10.3390/su13116257.
  40. M. Anshari and M. N. Almunawar, “Social customer relationship management, election and political campaign,” International Journal of Electronic Customer Relationship Management, vol. 11, no. 4, p. 332, 2018, doi: 10.1504/ijecrm.2018.096239.
  41. “Enhancing Social Customer Relationship Management by Using Sentiment Analysis,” International Journal of Science and Research (IJSR), vol. 6, no. 12, pp. 803–807, Dec. 2017, doi: 10.21275/art20178856.
  42. P. Baral and B. K. Shrestha, “Influence of customer relationship management on customer behaviour, a moderating role of social media in bank and financial institutions,” International Journal of Electronic Customer Relationship Management, vol. 12, no. 2, p. 75, 2019, doi: 10.1504/ijecrm.2019.104016.

Acknowledgements


The author(s) received no financial support for the research, authorship, and/or publication of this article.


Funding


No funding was received to assist with the preparation of this manuscript.


Ethics declarations


Conflict of interest

The authors have no conflicts of interest to declare that are relevant to the content of this article.


Availability of data and materials


No data available for above study.


Author information


Contributions

All authors have equal contribution in the paper and all authors have read and agreed to the published version of the manuscript.


Corresponding author


Rights and permissions


Open Access This article is licensed under a Creative Commons Attribution NoDerivs is a more restrictive license. It allows you to redistribute the material commercially or non-commercially but the user cannot make any changes whatsoever to the original, i.e. no derivatives of the original work. To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-nd/4.0/


Cite this article


Kazuo Adachi and Ryo Sato, “Customer Relationship Management in an Era of Digital Disruption and Business Model Evolution”, Journal of Enterprise and Business Intelligence, vol.3, no.1, pp. 001-011, January 2023. doi: 10.53759/5181/JEBI202303001.


Copyright


© 2023 Kazuo Adachi and Ryo Sato. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.