Research Report

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Customer Relationship Management

By Mudassar Ali Ahmad

Class BBA 8th Semester

Governament College University Faisalabad Sahiwal campus

Contents

Research objective

Hypotheses

Introduction

Literature Review

Problem of the statement

Study design

Research Methodology

Time flame work

Resource Allocation

Acknowledgement

Research Objective

To make call centers more efficient

To provide better customer service

To discover new customers and increase customer revenue

To identify the role of CRM in customer retention.

To find out the factors critical for the success of CRM in banks

To offer suitable suggestions to improve CRM in Banks

To judge the present level of CRM in banks.

Hypotheses

Relationship between the perceived attitude of bank employees and CRM in Bank

Relationship between the perceived Knowledge ability of bank employees and CRM in Bank

Which banking sector is best toward CRM (Public or Private)

Which banking sector is best to providing best services according to customer expectation

Which banking sector is providing best environment to his customer

Introduction

CRM is the best strategy to maintain our customer. It is way to increase the new customer and find out the problem of the customer and solve it.

I find out how much importance CRM in company.

Literature Review

According to Chen and Popovich (2003); Plakoyiannake and Tzokas (2002)

The relative success of CRM initiatives are strongly influenced by the interplay between three key organizational elements: people, process and technology.

Literature Review

Ling and Yen (2001)

He described the evolution of CRM from direct sales to mass marketing, target marketing and then to customer relationship marketing.

Literature Review

Fox and Stead (2001)

successful CRM focuses on understanding the needs and desires of the customers and is achieved by placing these needs at the heart of the business by integrating them with the organization’s strategy, people, technology and business processes.

Literature Review

Ernst and Young (1999)

observed that enterprises investing on CRM solutions predominantly focus on technology. The challenge lies in combining people, processes and technologies while implementing CRM solutions.

Problem of the statement

To investigate the Customer Relationship Management in Banking sectors

Attitude

Knowledgeability

Independent variable

Customer Relationship Management

Dependent variable

Research Methodology

Research Design

Research refers to the systematic method consisting of saying the problem, formulating a hypothesis, collecting the facts or data, analyzing the facts and reaching certain conclusions either in the form of solutions towards the concerned problem or in certain generalizations for some theoretical formulation. The study is descriptive in nature, thus it follows descriptive research design.

Research Methodology

Universe

The universe of the study consists of all the private and public sector banks operating in Pakistan

Sampling Method

The sample to be studied is selected through Multi-Stage Sampling. Firstly the private and public sector banks are chosen on the basis of Convenience Sampling. Secondly, branches to be studied are chosen through Collection Method.

Research Methodology

Sampling Frame

The information on customer relationship management will be collected from 100 customers of each selected banks and 10 employees of each selected banks.

Research Methodology

Data Collection

Both primary and secondary sources are to be used to collect the data. Primary data will be collected through interview conducted to obtain information on customer relationship management from selected banks and questionnaire is designed to gather feedback from customers on customer relationship management by selected banks.

A lot of secondary information related to selected banks and customer relationship management will be collected through web sites, journals books, magazines etc.

Time Flame Work

First week

Primary data will be collectedPr

Second Week

Secondary data will be collected

Third & Fourth Week

Analysis the data

Fifth Week

Writing Report

Resource Allocation

Travelling expense: 5,000 Rs

Printing expense: 1,000 Rs

Other expense: 4,000 Rs

Total expense: 9,000 Rs

Acknowledgement

First of all I would like to special thanks to Dr.Ahmad zaheer for assisting. And I thanks to all person who writers the past research papers which provide me more information about my topic and enable me to do the study of my topic.

There researches are very helpful towards my topic and making me enable to do the further research regarding to my topic as CRM.