Social CRM is a business strategy that uses technology and social media to engage customers in conversations to provide mutual value. It aims to facilitate customer-owned conversations in a transparent way. While social media marketing is not the same as CRM, social CRM integrates social data about customers to better understand them and communicate with them on an individual level according to their needs.
3. Social CRM is a philosophy and a business strategy supported by a technology platform, business rules, workflow, processes and social characteristics, designed to engage the customer in a collaborative conversation in order to provide mutually beneficial value in a trusted and transparent business environment.
It’s the company’s response to the customer’s ownership of the conversation.
Paul Greenberg,
CRM at the Speed of Light: Social CRM Strategies, Tools,
and Techniques for Engaging Your Customers
4. The first CRM evolution, centeredon the widespread use of call centersand sales force automation (SFA), lasted 10 years.
The second evolution, based on the Internet and more globally, on multichannel marketing, took 5 years.
We believe that the current Social CRM revolution will take a maximum of 2 to 3 years to become a practice used by the majority of companies.
ATOS Consulting
8. The problem with Social CRM is two-fold:
1.Tacking “social” on the front of CRM doesn’t change the market perception that CRM is about front-office (mainly sales) automation.
2.“Social CRM” proponentscan’t seem to agreeon a concise definition. The only thing (almost) for certain is that Social CRM includes some usage of social media.
Bob Thompson, CustomerThink.com
(No Bob, it’s three-fold……..)
14. CRM PROVIDES YOU WITH THE INFORMATION YOU NEED TO:
MAKE THE RIGHT DECISIONS
GET THE RIGHT MESSAGE TO THE RIGHT PERSON AT THE RIGHT TIME
ENGAGE, NOT JUST INFORM
UNDERSTAND YOUR FANS/CUSTOMERS/STAKEHOLDERS WANTS AND NEEDS
IDENTIFY YOUR MOST LOYAL FANS -AND GET MORE OF THEM
TRACK RETURN ON INVESTMENT
DELIVER SPONSOR / PARTNER VALUE