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A sustainable and successful relationship marketing strategy relies very heavily
on an organisation knowing its customers better than its competitors do. The
analysis of customer propensity and value and the development of associated
models are key enablers for creating customer knowledge.
Customer knowledge is the driver for all Customer Relationship Marketing (CRM)
programs. Customer knowledge allows an organisation to enhance the depth of
the relationship with each customer. Making offers that are relevant to the
individual customer increases the effectiveness of marketing and also increases
the value of the organisation to the individual.
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