This week’s topics
Relationship building and retention strategies
- Customer Relationship Management (CRM) systems
- Customer loyalty schemes
- Omnichannel communication
- Recommendations for service enhancement
- What is Customer Loyalty? | Starbucks Examples
- What is Customer Relationship Management (CRM)?| From A Business Professor
- Customer Retention Methods
What you will be able to do
- 3.3 Explain different factors which increase customer satisfaction.
- 3.4 Recommend ways in which a business could improve its relationships with customers.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain different factors which increase customer satisfaction.
Study materials
Videos
- What is Customer Loyalty? | Starbucks Examples · YouTube · Two Teachers · 7 min · for registered students
- What is Customer Relationship Management (CRM)?| From A Business Professor · YouTube · Business School 101 · 8 min · for registered students
- Customer Retention Methods · YouTube · Galton College · 8 min · for registered students
Further resources
- Principles of Marketing, ch. 1.6: Customer relationship management · PDF · OpenStax, textbook chapter; pp. 32–34 · for registered students
- Principles of Marketing, ch. 14: Customer Satisfaction, Loyalty, and Empowerment · PDF · Saylor Academy, textbook chapter; PDF pp. 443–483 · for registered students
- Trust and commitment influences on customer retention: insights from B2B services · PDF · Reading, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.