Professional Documents
Culture Documents
List of Symbols / Abbreviation
List of Symbols / Abbreviation
1. INTRODUCTION
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Customer relationship management (CRM), is a number of strategies and
technologies that are used to build stronger relationships between companies and
their customers. A company will store information that is related to their
customers, and they will spend time analyzing it so that it can be used for this
purpose.
Some of the methods connected with CRM are automated, and the purpose of this
is to create marketing strategies which are targeted towards specific customers.
The strategies used will be dependent on the information that is contained within
the system. Customer relationship management is commonly used by
corporations, and they will focus on maintaining a strong relationship with their
clients.
There are a number of reasons why CRM has become so important in the last 10
years. The competition in the global market has become highly competitive, and it
has become easier for customers to switch companies if they are not happy with
the service they receive. One of the primary goals of CRM is to maintain clients.
When it is used effectively, a company will be able to build a relationship with
their customers that can last a lifetime. Customer relationship management tools
will generally come in the form of software. Each software program may vary in
the way it approaches CRM. It is important to realize that CRM is more than just a
technology.
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a failure. There are a number of things the ideal CRM system should have. It
should allow the company to find the factors that interest their customers the most.
A company must realize that it is impossible for them to succeed if they do not
cater to the desires and needs of their customers. Customer relationship
management is a powerful system that will allow them to do this.
It is also important for the CRM system to foster a philosophy that is oriented
towards the customers. While this may sound like common sense, there are a
sizeable number of companies that have failed to do it, and their businesses
suffered as a result. With CRM, the customer is always right, and they are the most
important factor in the success of the company. It is also important for the
company to use measures that are dependent on their customers. This will greatly
tip the odds of success in their favor. While CRM should not be viewed as a
technology, it is important to realize that there are end to end processes that must
be created so that customers can be properly served. In many cases, these
processes will use computers and software.
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categories, and these are collaborative, operational, and analytical. The
collaborative aspect of CRM deals with communication between companies and
their clients.
The telecommunications market, in the last few years, has seen incredible
Technological advancement, which has fueled massive consumer adoption and
brutal competition driven by commoditization. To drive profits in this business.
You must increase the average lifetime value per customer and minimize the
service cost even as service choices increase. Common to all of our customers in
the telecom sector is an abiding belief in delivering the best service to customers
by investing in technology that empowers consumers and service agents to have
intelligent, productive conversations. In a marketplace where consumers are
increasingly aware of their choices, consistent service quality is the foundation of a
durable brand.
TELECOMMUNICATION SECTOR
The telecom sector has seen much change during the past two decades. At first, it
was the opining up of the equipment manufacturing sector, followed by the
corporatisation of the government owned entities, Videsh Sanchar Nigam Limited
(VSNL) and Mahan agar Telephone Nigam Limited (MTNL). Subsequently, the
sector was opened for private participation in basic other value added services.
The most recent liberalization moves have been the corporatization of the
Department of Telecom into Bharat Sanchar Nigam Limited (BSNL) and the
privatization of VSNL.
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CRM AND THE TELECOM SECTOR
An effective CRM system includes tools such as a skilled customer care staff and
leading edge automation and workflow management software platforms. With this
tool, it is possible for a telecom company to track sales enquiries, trouble tickets,
emails, telephone calls, and customer satisfaction surveys.
Aliant, for instance, has achieved a 17% reduction in call handle time,
which is translates to a saving of approximately $ 1.5 million in operating staff
expenses
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THE OPPORTUNITY FOR SELF-SERVICE:
Organizations would like to reduce the costs of customer care by deflecting calls to
web-based service channels, preferably to self-service.
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2. OBJECTIVES OF THE STUDY
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3. METHODOLOGY
MARKETING RESEARCH
"Marketing research is the functions which links the customer and public To
marketer through information used to identity and define marketing Opportunities
and problems; generate define and evaluate, marketing Actions, monitor marketing
performance, and improve understanding of Marketing as a process”. Simply,
marketing research is the systematic design, collection, analysis and Reporting of
the data findings relevant to a specific marketing situation facing the company.
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A research may undertake any of three types of research investigations
depending upon the problem. These three types of research included.
• Basic research
• Applied research
• Designated fact gathering
BASIC RESEARCH
It is also known as the pure fundamental research which refers to those studies,
sole purpose of which is the discovery of new information. It is conducted to
extend the horizon in given area of knowledge with no immediate application to
existing problem.
APPLIED RESEARCH
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Steps in Marketing Research Process
Marketing Research Process can be carried out through the following steps:
Define the problem and research objectives
Develop the research plan
Collect the information
Analysis and interpretations
Present the findings
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DEFINE THE PROBLEM AND RESEARCH OBJECTIVES
In a very sense, this is the heart of the research process. This is the first step, which
calls for the marketing manage and marketing research.
The second calls for developing the most efficient plan for gathering the needed
information. Not to forget the cost or values of research the Marketing manager
must estimate process its approval, Research plan calls For decision on
a) Data source
I. Primary data to be collected for a specific purpose,
II. Secondary data collected for another purpose and already existing
somewhere.
1. Observational research
2. Focus group research
3. Survey research
4. Experimental research
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c) Decide the sampling procedure whether to use probability or non-
probability sampling methods.
4. Contract method: once the sampling plan has been determined, this has to decide
how the subject should be contacted. The choices are mail, telephone or research
interviews.
COLLECTION OF INFORMATION
Data collection phase is generally the most expensive and the most phase to error.
Carry out the field Work, collect data using the instruments, adjust the Problem of
not at homes, replaced, refusal to co-operate, biased or dishonest answers.
The next to last step is to extract pertinent findings from the collected data. The
researcher edits, code, tabulate the collected data.
PRESENTATION OF FINDINGS
As the last step in marketing research the researchers present the findings. The
researchers have to arrange the researched result according to an approved
reporting format, get the report typed and bound, present the copies of the report
to the concerned authorities.
The methodology adopted for eliciting the data required for the study was survey
method. It is the overall pattern or framework of the project that will dictate as to
what information is to be collected, from which sources and by what procedures.
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RESEARCH METHOD
Research methodology must be classified on the basis of the major purpose of the
investigation. In this problem, description studies have been under- taken, as the
objective of the project is to conduct the market share study to determine the share
of the market received by both the company and it's competitors,
DATA COLLECTION
The information needed to further proceed in the project had been collected
through primary data and secondary data.
PRIMARY DATA
Primary data consists of information collected for the specific purpose at hand for
the purpose of collecting primary data. Survey research is the approach best suited
gathering description,
SECONDARY DATA
The secondary data consists of information that already exist somewhere, Having
been collected for another purpose. Any researcher begins the research work by
first going through the secondary data. Secondary data includes the information
available with the company.
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4. RESEARCH METHODOLOGY
The respondents are the mobile connection holders with BSNL toppings facilities.
The survey was carried in BSNL CUSTOMER SERVICE CENTER at Thiruvalla
with the sample size of 50. The survey was carried out with the help of a structured
questionnaire, which helps in accomplishing the research objectives. The
respondents by means of personal interview administer this structured ended
questionnaire.
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5. LIMITATIONS
■ Method of data collection was through personal interview and therefore bias
becomes a major limitation.
■ Due to the time constraints all the customers were not covered.
■ The sample was restricted to 50 customers, which may restrict the scope and
completion of study.
■ The scope of study is restricted only to the Rajahmundry.
■ Owing to their pre occupation some customers were unable to answer the
complete questionnaire.
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6. INDUSTRY PROFILE
The telecom network in India is the fifth largest network in the world
meeting up with global standards. Presently, the Indian telecom industry is
currently slated to an estimated contribution of nearly 1% to India's
The Indian. Telecommunications network with 110.Q1 million connections
is the fifth largest in the world and the second largest among the emerging
economies of Asia. Today, it is the fastest growing market in the world and
represents unique opportunities for U.S. companies in the stagnant global scenario.
The total subscriber base, which has grown by 40% in 2005, is expected to reach
250 million in 2007. According to Broadband Policy 2004, Government of India
aims at 9 million broadband connections and 18 million internet connections by
2007. The wireless subscriber base has jumped from 33.69 million in 2004 to
62.57 million in FY2004- 2005. In the last 3 years, two out of every three new
telephone subscribers were wireless subscribers. Consequently, wireless now
accounts for 54.6% of the total telephone subscriber base, as compared to only
40% in 2003. Wireless subscriber growth is expected to bypass 2.5 million new
subscribers per month by 2007. The wireless technologies currently in use are
Global System for Mobile Communications (GSM) and Code Division Multiple
Access ' (CDMA).. There are primarily 9 GSM and 5 CDMA operators providing
mobile services in 19 telecom circles and 4 metro cities, covering 2000 towns
across the country.
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Evolution of the industry-Important Milestones
Year
1851 First operational land lines were laid by the government near
Calcutta (seat of British power)
1932 Merger of ETC and IRT into the Indian Radio and Cable
Communication Company (IRCC)
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Major Players
BSNL
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BHARATI:
Established in 1985, Bharti has been a pioneering force in the telecom sector with
many firsts and innovations to its credit, ranging from being the first mobile
service in Delhi, first private basic telephone service provider in the country, first
Indian company to provide comprehensive telecom services outside India in
Seychelles and first private sector service provider to launch National Long
Distance Services in India. Bharti Tele-Ventures Limited was incorporated on July
7, 1995 for promoting investments in telecommunications services. The group has
a total customer base of 6.45 million, of which 5.86 million are mobile and
588,000 fixed line customers, as of January 31, 2004. In mobile, Bharti's footprint
extends across 15 circles.
MTNL:
MTNL was set up on 1st April 1986 by the Government of India to upgrade the
quality of telecom services, expand the telecom network, introduce new services
and to raise revenue for telecom development needs of India's key metros - Delhi,
the political capital, and Mumbai, the business capital. In the past 17 years, the
company has taken rapid strides to emerge as India's leading and one of Asia's
largest telecom operating companies. The Govt, of India currently holds 56.25%
stake in the company.
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MTNL has over 5 million subscribers and 329,374 mobile subscribers.
While the market for fixed wire line phones is stagnating, MTNL faces intense
competition from the private players—Bharti, Hutchison and Idea Cellular,
Reliance Infocomm—in mobile services. MTNL recorded sales of Rs. 60.2 billion
($1.38 billion) in the year 2002-03, a decline of 5.8 per cent over the previous
year's annual turnover of Rs.63.92 Billion.
RELIANCE INFOCOMM:
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TATA TELESERVICES:
Tata Teleservices is a part of the $12 billion Tata Group, which has 93 companies,
over 200,000 employees and more than 2.3 million shareholders. Tata Teleservices
provides basic (fixed line services), using CDMA technology in six circles:
Maharashtra (including Mumbai), New Delhi, Andhra Pradesh, Tamil Nadu,
Gujarat, and Karnataka. It has over 800,000 subscribers. It has now migrated to
unified access licenses, by paying a Rs. 5.45 billion ($120 million) fee, which
enables it to provide fully mobile services as well.
The company is also expanding its footprint, and has paid Rs. 4.17 billion
($90million) to DoT for 11 new licenses under the IUC (interconnect usage
charges) regime. The new licenses, coupled with the six circles in which it already
operates, virtually gives the CDMA mobile operator a national footprint that is
almost on par with BSNL and Reliance Infocomm. The company hopes to start off
services in these 11 new circles by August 2004. These circles include Bihar,
Haryana, Himachal Pradesh, Kerala, Kolkata, Orissa, Punjab, Rajasthan, Uttar
Pradesh (East) & West and West Bengal.
VSNL:
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employees. VSNL's main gateway centers are located at Mumbai, New Delhi,
Kolkata and Chennai. The international telecommunication circuits are derived via
Intelsat and Inmarsat satellites and wide band submarine cable systems e.g. FLAG,
SEA-ME-WE-2 and SEA-ME-WE-3.
VODAFONE:
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Latest Customers + Revenue Market Share of Top5 Telecom Cos in
India
Results of all the Telecom Companies for the quarter ending June-2009:
Idea Cellular has 11.2% subscribers market share and 12.1% revenue
market share
BSNL has subscriber share of 12.7% and mere 10.2% of revenue share
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35
30
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consumar share market
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revenue share market
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Series3
10
0
airtel vodafone idea bsnl reliance
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COMPANY PROFILE
Type State-owned
Founded 19th century, incorporated 2000
Headquarters Bharat Sanchar Bhavan,
HarishChandra
Mathur Lane,Janapth,New Delhi
Key people Kuldeep Goyal(Chairman) & (MD)
Industry Telecommunications
Products wire less,telephone internet
television
Revenue USS 7.03 billion (2009)
Owners(s) The Government of India
Employees 357,000-march 31,2009
Web site www.bsnl.co.in
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Bharat Sanchar Nigam Limited (known as BSNL, India Communications
Corporation Limited) is a state-owned telecommunication company in India.
BSNL is the fourth largest cellular service provider, with over 53.96 million
customers as of March 31, 2009 and the largest land line telephone provider in
India. Its headquarters are at Bharat Sanchar Bhawan, Harish Chandra Mathur
Lane, Janpath, New Delhi. It has the status of Mini Ratna, a status assigned to
reputed public sector companies in India.
Bharat Sanchar Nigam Ltd. formed in October, 2000, is World's 7th largest
Telecommunications Company providing comprehensive range of telecom
services in India: Wire line, CDMA mobile, GSM Mobile, Internet, Broadband,
Carrier service, MPLS-VPN, VSAT, VoIP services, IN Services etc. Presently it
is one of the largest & leading public sector units in India.
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BSNL has installed Quality Telecom Network in the country and now
focusing on improving it, expanding the network, introducing new telecom
services with ICT applications in villages and wining customer's confidence.
Today, it has about 47.3 million line basic telephone capacity, 4 million WLL
capacity, 49.76 Million GSM Capacity, more than 37382 fixed exchanges, 46565
BTS, 3895 Node B ( 3G BTS), 287 Satellite Stations, 480196 Rkm of OFC Cable,
63730 Rkm of Microwave Network connecting 602 Districts, 7330 cities/towns
and 5.5 Lakhs villages.
BSNL is the only service provider, making focused efforts and planned
initiatives to bridge the Rural-Urban Digital Divide ICT sector. In fact there is no
telecom operator in the country to beat its reach with its wide network giving
services in every nook & corner of country and operates across India except Delhi
& Mumbai. Whether it is inaccessible areas of Siachen glacier and North-eastern
region of the country, BSNL serves its customers with its wide bouquet of telecom
services.
BSNL is numero uno operator of India in all services in its license area. The
company offers vide ranging & most transparent tariff schemes designed to suite
every customer.
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BSNL has more than 2.5 million WLL subscribers and 2.5 million Internet
Customers who access Internet through various modes viz. Dial-up, Leased Line,
DIAS, Account Less Internet (CLI). BSNL has been adjudged as the NUMBER
ONE ISP in the country.
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VISION
MISSION
OBJECTIVES
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requirement promptly.
FINANCE:
Bharat Sanchar Nigam Limited, the largest Public Sector Undertaking of the
Nation, is certainly on a financial ground that's sound.
The Company has a net worth of Rs. 88,634 crores (US$ 17.40 billion),
authorized equity capital of Rs. 10,000 crores (US $ 1.96 billion), Paid up Equity
Share Capital of Rs. 5,000 crores (US $ 0.98 billion) and Revenues is Rs. 35,812
crores (US $ 7.03 billion) in 2008-09.
ASSETS:
Bharat Sanchar Nigam Limited has got net fixed assets valuing more than Rs.
54,321 Crores (US $ 10.67 billion), which are in the form of Land, Buildings
Cables, Apparatus & Plants etc. as on 31.03.2009.
REVENUE:
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Gross Investment in Fixed Assets:
The BSNL is making substantial investment year to year for its network expansion
and modernization. During the current financial year BSNL has made the gross
investment of Rs. 8,613 crore ( US $ 1.69 billion) in Fixed Assets. These
investments have been financed by the internal accruals.
BSNL has Gross Fixed Assets of over Rs. 132243 Crores (US $ 25.96 billion)
ason31.03.2009.
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GROWTH PLAN
BSNL's future plan include a fast expansion programme of increasing the present
34 million lines to twice that number by 2005 and some 120 million lines by 2010.
The shift in demand from voice to data domination, and from wire line to
wireless, has revolutionized the very nature of the network. BSNL has already set
in place several measures that should enable it to evolve into a fully integrated
multi-operator by 2005 and its incumbent status, size, infrastructure and human
resource should certainly, give it a distinct advantage.
♦ The Network shall be made fully digital. All the technologically obsolete
analog exchanges will be replaced with digital exchanges
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♦ Extensive use of Optical fiber System in the local, Junction and long
distance network so as to make available sufficient bandwidth for the
spread of Internet and Information technology.
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PROJECTS RECENTLY IMPLEMENTED/UNDER
DEVELOPMENT
• National Internet Backbone of BSNL
• Voice over IP
• Broadband Services - ADSL & High Speed Internet
• Managed Leased Line Network (MLLN)
• Access Network - LMDS, DLCs, RLC etc.
• E-Commerce.
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The latest endeavor of BSNL is a world-class multi-gigabit multiprotocol,
convergent IP infrastructure which will provide voice, data and video services
through the same backbone. In terms of infrastructure for broadband services, this
would put India at par with more advanced nations. Designated as NIB-II this will
be implemented in the form of four projects.
■ Project 1 involves building up of MPLS backbone
■ Project 2.1 is for narrow band access
■ Project 2.2 is for broadband access
All the above projects in form of NIB-II are at different stages of implementation
and as per schedule .They will be operational in the third quarter of this year.
interactive gaming.
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SERVICES
When it comes to connecting the four comers of the nation, and much beyond, one
solitary name lies embedded at the pinnacle - BSNL. A company that has gone past
the number games and the quest to attain the position of a leader. It is working
round the clock to take India into the future by providing world class telecom
services for people of India. BSNL is India's no. 1 Telecom Service provider and
most trusted Telecom brand of the Nation.
Driven by the very best of telecom technology from chosen global leaders,
it connects each inch of the nation to the infinite corners of the globe, to enable
you to step into tomorrow.
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INTERNET
BSNL also offers Web hosting and co-location services at very cheap rates.
ISDN
INTELLIGENT NETWORK
Intelligent Network Service (In Service) offers value-added services, such as:
• Tele-voting
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• Universal Access Number (UAN) and more
I-NET:
India s x.25 based packet Switched Public Data Network is operational in 104
cities of the country. It offers x.25 x.28 leased, x.28 Dial up (PSTN) Connection)
and frame relay services.
BSNL's GSM cellular mobile service Cellone has a customer base of over 5.2
million. BSNL Mobile provides all the services like MMS, GPRS, Voice Mail, E-
mail, Short Message Service (SMS) both national and international, unified
messaging service (send and receive e-mails) etc. You can use BSNL Mobile in
over 160 countries worldwide and in 270 cellular networks and over 1000
cities/towns across India. It has got coverage in all National and State Highways
and train routes. BSNL Mobile offers all India Roaming facility to both pre-paid
and post-paid customers (including Mumbai & Delhi).
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WIRELESS IN LOCAL LOOPS:
• Countrywide WLL is being offered in areas that are non-feasible for the
normal network.
BROADBAND SERVICES;
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Messaging: plain and feature rich, Multi-site MPLS VPNs with Quality of Service
(QoS) guarantees. The subscribe will be able to access the above services through
Subscriber Service Selection System (SSSS) portal.
Key Objectives
High speed Internet Access: This is the always-on Internet access service
with speed ranging from 256 kbps to 8 Mbps.
Dial VPN Service: This service allows remote users to access their private
network securely over the NIB-II infrastructure.
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and time shifted TV
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Several Steps have been taken at BSNL to augment the quality of customer
care to international standards.
All BSNL Customer Service Centers (CSCs) remain open on all seven days
from 8.00 AM to 8.00 PM without any break for all activities.
Cheque deposit machines have also been installed in many cities, so that
customers can make payments 24X7 at their convenience.
With a view to simplify and offer customer friendly services, more than one
Bfone connections can be applied on a single application form. Accordingly, a
single demand note would be issued to the customer in respect of all the
connections applied for.
Shifting charges for local as well as all India shifting of fixed telephone (bfone)
has been abolished.
Pagers being given to outdoor staff in a phased manner for speedy rectification
of faults.
Majority of the local network is built up on jelly filled and OFC for trouble free
service.
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Internal Distribution Points (DPs) being provided in the customer premises to
eliminate the faults arising out of overhead wires.
Remote Line Units (RLUs). Remote subscriber Units (RSUs) being provided
extensively to reduce the long lengths of copper cables.
Establishing call centers across the nation to provide single window solutions
and convenience to customers
Application Forms for new connections have been made free of charge for all
services
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SOCIAL COMMITMENT
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THEORETICAL FRAME WORK
The dynamics of the business ecosystem have changed the way in which
companies do business both in relationship management and the streamlining of
their operations. Relationship marketing is emerging as the core marketing activity
for business operating in fiercely competitive environments. On an average,
businesses spend six times more to acquire new customers than to keep them.
Therefore, many firms are now paying
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more attention to their relationships with existing customers to retain them and
increase their share of customer's purchases. The practice of relationship marketing
also has the potential to improve marketing productivity through improved
marketing efficiencies and effectiveness.
Retaining and developing customers has long been a critical success factor
for businesses. In that sense, Customer Relationship Management is not new,
previously falling under the guise of customer satisfaction. Worldwide, service
organizations have been pioneers in developing customer retention strategies.
Banks have relationship managers for select customers, airlines have frequent flyer
programs to reward loyal customers, credit card companies offer redeemable
bonus points for increased card usage, telecom service operators provide
customized services to their heavy users, and hotels have personalized services for
their regular guests. It is, however, with the rapid rise of new entrants into the
market place and increased competition that companies in other sectors have
recognized the business potential within a captured base.
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In facing the competitive threats, such as new entrants, pricing pressures,
technology along with the related costs and also including the time lags in
procuring, maintaining and strengthening one's market, more and more
organizations are realizing that the traditional marketing models is no longer
effective. With a flood of new entrants offering quality products and. services at
lower prices; many sectors have been turned into commodity markets.
In a market place where loyalty has plummeted and the cost of acquiring
new customers is prohibitive, companies have turned to their current customers in
an attempt not only to retain them but to exploit the potential within. This has
enabled them not only to respond to the threats in their market place but also
positioned them strategically to take advantage of the opportunities available.
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BENEFITS OF CRM :
Keeping the customer happy is obviously one way of ensuring that they
stay with the organization. However, by maintaining an overall relationship with
the customer, companies are able to unlock the potential of their customer base
and maximize the contribution to their business. Whilst the value of customer
relationship management has been identified by organizations, the full
implications and benefits are yet to be. Those responsible for delivery are perhaps
the most informed about these strategic benefits yet the transformation is a long-
drawn-out process.
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Based on successful CRM implementations, the following benefits seem
reasonable:
• Increased sales revenues. Increased sales result from spending more time
with customers, which results from spending less time chasing, needed
information (i.e., productivity improvement).
• Increased with rates. Win rates improve since companies can withdraw from
unlikely or bad deals earlier on in the sale process.
• Increased margins. Increased margins resulting from knowing customers
better, providing a value-sell, and discounting prices. Improved customer
satisfaction ratings. This increase occurs since customers find the company
to be more responsive and better in touch with their specific needs.
• Decreased general sales and marketing administrative costs. This decrease
occurs since the company has specified its target segment customers, it
knows their needs better, and thus it is not wasting money and time for
example, on mailing information to all customers in all existing and
potential target segments.
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They are yet to look at the bigger picture and understand all of the
associated benefits that would enable their business strategies to be successful. The
competencies required to deliver these customer benefit are: to deliver on its
service promise, integrate products and service channels effectively, customize
products, service and their respective prices, create opportunities for cross selling
and delivery mechanisms for the onward promotion of these products and services
and reduce the gestation period to market by allowing quick and effective
introduction of new products and services.
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TYPES OF CRM
1. Operational
2. Analytical
3. Collaborative
OPERATIONAL CRM
The automation of horizontally integrated business processes involving front
office customer touch points - sales, marketing, and customer service (call centre,
field service) - via multiple, interconnected delivery channels and integration
between front office and back office. The operational CRM is a process or an
approach, which involves the areas where direct customer contact is possible.
Operational CRM represents the automation of business processes involving
customers.
Because operational solutions directly effect the customer, they are very
appealing and often are the first implemented components of a CRM are:
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Sale force automation
o Account Management
o Opportunity Management
o Contact Management
o Activities Management
o Price and Product List Configuration
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presentation and proposals and personalized communications by the field
representatives. It also handles the entire sales pipeline from lead
generation to closure and activities like calendar, diary management.
o Call centre systems provide extensive customer service by enabling
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sometimes leads to information overload. For organizations, this is a major
problem as it means that there are several ways by which a prospect or a
customer learns about or experiences any organization.
o This could be the organization's catalogue, website, word of mouth through
Customer Care help line, wherein the customers can register their complaint
or get information about the products or services provided by that
organization. A large multinational bank once has had the entire process
such that after a phone connection had been established with the bank's call
centre, it took six-odd minutes to speak to the customer care executive. This
is a long time keeping in mind that many of the customers usually call when
they have some problem and want an immediate solution.
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ANALYTICAL CRM
The analysis of data created on the operational side of the CRM equation for the
purpose of business performance management, Analytical CRM is inextricably
tied to data warehouse architecture and is most often manifested in analytical
applications that leverage data marts. Analytical CRM is the synthesis and
interpretation of operational data to identify opportunities, optimize customer
interactions and manage business performance. It also provides the insight into
customer behavior needed to implement intelligent personalization.
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4. Marketing Automation
Campaign Management
Database Marketing
8. Fraud Analysis
9. Churn Management
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Measure and predict customer behavior by analyzing customer knowledge:
Applying a comprehensive set of analytical methods to measure and
optimize customer relationship and answering all relevant business
questions. The customer intelligence that results from this analysis
includes:
Customer behavior: This is expressed through customer preference,
priorities, and activities.
Customer Value: This is expressed in terms of customer profitability,
customer lifetime value, and potential.
Customer portfolio: This requires developing a clear understanding of the
composition of customer portfolio and how it can be optimized.
Deploy the results of the analysis to improve customer value: The insights
gained through the above analyses helps a company gear its CRM processes
towards customer centricity, and improve its customer interactions.
Following are possible outcomes of deployment of the analytical insights:
Acquiring new profitable customers by cloning your best customers.
Improving relationships with existing customers by addressing their
individual needs more effectively and more efficiently. This is
accomplished through automating and personalizing interactions with them
on the basis of the sound customer knowledge acquired through CRM
analytics.
Optimizing cross-selling and up-selling opportunities. Improving customer
loyalty and reducing a customer's propensity to churn.
Targeting high-value customers: CRM analytics provides a company with
the knowledge of the customer lifetime value that enables a company to
focus its limited resources in marketing, sales, and service at high-value
customers.
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Integrate customer value into strategic enterprise management to improve
shareholder value. An improved understanding of customers and customer
segments facilitates integration of marketing sales, and service strategies
into the enterprise strategy.
COLLABORATIVE CRM
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"partnering relationship"). This includes technologies such as:
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o Product meets customer requirements; Based on the customer like and
dislikes and with the capability of online configuration, companies or
customers can create products suiting their needs.
o Improved customer satisfaction, By analyzing the customer behavior
and providing a single view of the customer across the departments,
line-of-business or the interaction channels, CRM helps in better
servicing of the customer.
o Improved revenue and reduced cost, Becoming customer centric
increases revenue, profitability and employee productivity, as well as
improve overall shareholder value.
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Achieving the long-term value of customer relationship management (CRM)
requires a strategy involving the whole business and should be approached at an
enterprise level. Only a small, but growing, number of enterprises are tackling
CRM at this level, with most CRM initiatives consisting of departmental projects
or attempts to integrate the work of multiple projects.
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Through 2005, 90 percent of successful CRM initiatives will have balanced the
needs of improved customer experience with improved organizational
collaboration (0.8 probability). Too many CRM initiatives suffer from an inward
focus on the enterprise, whereas the point of CRM is to achieve a balance between
value to shareholders or stakeholders and value to customers for mutually
beneficial relationships.
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premium price: The objectives of a CRM strategy are to target, acquire, develop
and retain valuable customers to achieve corporate goals.
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5. Process: Past efforts to re-engineer processes were primarily driven by the
desire to improve the efficiency of an enterprise and reduce costs. The
beneficiary was the enterprise, not its customers. The rise in CRM has led to a
focus on reworking key processes that touch the customer and asking customers
which processes matter to them. We call this customer process re-entineering.
Enterprises frequently do not realize that their functionally fragmented
processes often mean that the customer has a poor experience and receives less
than the expected value.
Successful re-engineering should create processes that not only meet
customers' expectations, but also support the customer value proposition,
provide competitive differentiation and contribute to the desired customer
experience.
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7. Technology: For most technologists, CRM is all about technology, CRM
technologies are an essential enabler for any modem CRM business strategy,
but they are just one piece of the puzzle. Gartner has a wealth of ongoing
research into CRM technology issues and "Technology Decisions Are Key to
Enabling CRM Strategies" (DF-14-8082) looks at the key decisions that
enterprises have to take in three areas: CRM applications, architectural issues
and integration.
In many CRM projects, integration issues start as a relatively low
priority, and then rise in prominence (costs and time) as enterprises realize that
true CRM requires seamless customer-centric processes, supported by
integrated technology across the enterprise and its supply chain.
8 Matrics: The other seven building blocks depend on performance targets and
metrics to gauge their success, and enterprises must set measurable CRM
objectives and monitor CRM indicators to successfully turn customers into
assets. Without performance management, a CRM strategy and associated
program is destined to fail. A framework for measuring and enterprise's
success with CRM by creating a hierarchy of performance metrics involves
four levels, namely: corporate, customer strategic, operational and process, and
infrastructure input metrics. These metrics have an internal and an external
focus and link operations to strategy and corporate financial benefits. Each
enterprise will have a unique set of metrics applicable to their situation.
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To achieve the long-term value of CRM, enterprise must understand that it is a
strategy involving the whole business, and thus should be approached at an
enterprise level. CRM initiatives need a framework to ensure that programs are
approached on a strategic, balanced and integrated basis.
Thus, Gartner defines customer relationship management (CRM) as a
business strategy that maximizes profitability, revenue and customer satisfaction
by:
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CRM STRATEGIES
A CRM strategy takes direction and financial goals from the business
strategy, and revisits the marketing strategy to customize it as shown in Figure. It
provides an overview of how the enterprise will build valuable customer
relationships and customer loyalty. The first stage in developing the CRM strategy
is to segment customers into categories, and to set objectives and metrics for each
segment.
The second stage is to assess the state of the customer base when viewed
as an asset. That can be achieved by plotting the strength and value of customer
relationships along two perspectives:
The third stage is to define the objectives to be met and the tactics to be
used. The customer strategy customizes the traditional marketing strategy for
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different target customer segments, and thus supersedes it.
Business Strategy
How do we deliver stakeholder value and build competitive advantage?
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CREATING A CRM BUSINESS STRATEGY
Know your objectives — The idea is to keep and acquire customers with the
greatest value potential. By establishing objectives, one can determine specific,
quantifiable customer acquisition, development and retention targets that meet
corporate financial goals.
How this is best accomplished depends on the kind of organization and its
priorities. Of course, customer retention is important to just about all
organizations. Business-to-business enterprises aiming to become a preferred
supplier often give high priority to customer development. Business-to-consumer
enterprises with an eye to boosting market share concentrate on customer
acquisition. Government and non-profit organizations tend to care most about
customer satisfaction.
Analyze your customers. Look for ways that customer value is lost or
unexploited. When you've spotted where action is required, you can set
metrics and monitor them.
Jibe CRM and corporate strategies.' CRM strategy cannot stand alone; it
must be derived from corporate goals and imperatives, and it must be linked
to other operational strategies.
Keep it flexible. In a challenging, competitive environment unpredictably
impacted by discontinuous change, CRM strategy needs to be dynamic and
timely, adapting operational efforts and corporate direction to market
conditions. Thus, successful CRM strategy evolves in an iterative process
that takes advantage of customer and operational feedback to refine
objectives, tactics and processes.
Business must build top-line growth strategies upon the foundation of their CRM
programs by ensuring that strategic intent and cost management measures are
institutionalized. Many companies have not determined strategic intent or have not
focused on developing clear metrics to measure performance. Yet many have done
some cost cutting within customer-facing functions and lowered their cost-to serve
just to reduce the overall cost of sales.
The CRM vendor landscape is changing rapidly. Placing all bets on a single
vendor or technology can prove disastrous. The unstable economy has caused a
vendor shakeout. It has reduced the number of CRM vendors, but also have
enabled the strongest companies to survive with the best-integrated offerings.
Strong vendors, after acquiring or merging with smaller niche vendors, still have
to refine the resulting integrated offerings. Even so, research indicates software
functionality is not the prime factor in selecting a CRM vendor.
Financial viability and ROI remain the most important factors in selecting a
CRM vendor. Financial viability and ROI remain the most important factors in
selecting a vendor, and reflector the fact that the best-of-breed approach in recent
years has left a number of companies holding the bag of unsupported applications.
The focus on vertical expertise has also been increasing. Companies stung by the
challenges and high costs of customizing standard applications are demanding that
the major vendors of the CRM world ensure that vertical customizations are
prebuilt into the application they install. Customers are focusing on implementing
the best vertical application available. This shift has also been pressuring vendors
that have not caught up with the virtualization wave or have poorly packaged and
standardized their industry experience within applications.
Measuring CRM success has often been elusive, but it is possible to measure
satisfaction with CRM. Companies have often measured success either by ROI or
by changes in customer satisfaction to justify CRM benefits. Although capturing
ROI and preventing CRM budget expansion is important, the CRM magazine/A.T.
Kearney research indicates that 60 percent of companies claim their CRM
initiatives met or exceeded expectations.
Of the rest 25 percent did not set expectations. So far the moment, there
appears to be more satisfaction with CRM projects than not. However, ROI
generally measures the internal return of a technology/process or organization
improvement project.
IN A NUTSHELL
It is not suddenly that the business managers have realized that the customer is
supreme or the need to render personalized service. However, it was not possible to
address the preferences of a massive group of widely dispersed individuals.
Neither the tools nor the technology were available.
The smart business managers did the next best thing, which was to conduct a
market research and classify the market into broad segments with different
preferences. The product managers would (and still do) then position their
products catering broadly to these segments.
The information systems have evolved tremendously over the last three
decades and so have the communication systems, as shown in Figure. While ERP,
the management mantra of the nineties, offered the means to optimize resource
planning at the enterprise level encompassing every area of the enterprise on a real
time basis, there was still no means of connecting to the customers. The customer
had just too many locations.
Rental 10 20
Brand value 25 50
Network coverage 10 20
All of those 5 10
Total 50 100
INTERPRETATION:
1 year 20 40
2 years 10 20
Total 50 100
INTERPRETATION:
In this survey I came to know that, 40% of subscribers were stick to this
since 3 years. This shows their loyalty toward BSNL.due to introduction
of new offers 40 % of subscribers were using from 1 year and only 20%
were using from 2 years.
Analysis on Type of connection used by the customers.
Prepaid 35 70
Postpaid 15 30
total 50 100
INTERPRETATION;
151/-to 350/- 10 20
351/-to 500/- 30 60
Above 500/- 5 10
total 50 100
INTERPRETATION:
Yes 37 74
No 13 26
Total 50 100
INTERPRETATION:
Signal problem 30 60
Problems with 15 30
recharge coupons'
Unwanted activation 5 10
Total 50 100
INTERPRETATION:
•Immediately 0 00
1 day 35 70
2 days 5 10
Total 50 100
INTERPRETATION:
Yes 45 90
No 5 10
Total 50 100
INTERPRETATION;
Yes 40 80
No 10 20
Total 50 100
INTERPRETATION:
I ask this question to know that the CSC representatives provide the information
they required or not.
No of respondents 100%
Satisfied 30 60
Unsatisfied 20 40
Total 50 100
INTERPRETATION:
I found that 60% of subscribers were satisfied with BSNL offerings. Only
40% were unsatisfied.
Comparative analysis on advertisement promotion and punch lines
of various telecom companies
BSNL-connecting India 1 2
INTERPRETATION:
Excellent 20 40
Good 30 60
Fair 0 00
Poor 0 00
Total 50 100
INTERPRETATION:
WEBSITES:
www.bsnl.com
www.apbsnl.co.in
www.google.com
10. QUESTIONNAIRE
1. Name :
2. Age :
3. Mobile No: :
4. Occupation
a)yes b)no
activation ( )
11 .In case of any problem, how long does it take to rectify it?
a) immediately b)lday c)2days d)more than 2days ( )
12. Are you regularly receiving promotional calls from BSNL ?
a)Yes b)No ( )
14.How satisfied are you with the clarity of information they provided ?
a)excellent b)good c)fair d)poor ( )
15. Are you satisfied with BSNL present offerings? ( )
a) satisfied b)unsatisfied
16. Which company advertisement promotion and punch lines you like
the most ( )
a) BSNL -Best hai mere liye
b) Airtel-Barriers break when people talk, Express yourself
c) Reliance-karlo dhuniya mutti mei
d) Idea- An idea can change your life
17. 0verall satisfaction on BSNL? ( )
a) Satisfied b) unsatisfied
18. How would you rate the overall quality of your relationship BSNL, considering
all of your experiences with them? Would you say it is…………………….
a)excellent b)good c)fair d)poor ( )
19. Would you like to give your suggestions to improve the satisfaction level of the
customers?
a)yes b)no
If yes please specify ____________________________________________