Customer Relationship Management
Overview
Principles of CRM
- Terms, definitions, benefits and value
- CRM uses; CRM positioning in the firm
- Leadership commitment; CRM team and principal user commitment
- CRM integration throughout the enterprise
- CRM and ERP system distinction
Strategy and Management
- Customer-centric strategies; organizing around the customer [processes and functions will follow]
- Customer needs, expectations and preferences
- Functional, behavioural and emotional loyalty
- Mutually-beneficial life-time customer relationships
Analytical aspects of CRM
- Data collection, mining, and analysis
- Data managment; data quality, investment and privacy
- Segmentation - targeting, profiling and scoring
- Customer proposition – distribution strategies, customization, pricing structures and revenue management
- Customer asset management – customer lifetime value [CLV], acquisition and retention policy development
- Metrics – establishing, evaluating and reporting
CRM functions and operations
- Multi/Omni-channel management; channel range and adaptation
- Role and function of Personal Sales; sales process management
- Call centre management; multi-media integration, service levels, process and capacity management
The Future of CRM
- The evolution of CRM marketing
This course will involve a blend of lectures, videos, case studies, workshops, guest lecturers, group and class discussions, computer applications, and industry-related projects. Student participation is an integral part of this course.
Evaluation will be carried out in accodance with the College's Evaluation policy.
Instructors may use a student’s record of attendance and/or level of active participation in a course as part of the student’s graded performance. Where this occurs, expectations and grade calculations regarding class attendance and participation must be clearly defined in the Instructor Course Outline.
Class Participation | 5% - 10% |
Cases and/or assignments | 30% - 40% |
Term Test(s) | 20% - 40% |
Term Project | 20% - 30% |
Total | 100% |
Students must achieve at least 50% on the combined non-group components in order to obtain credit for the course, with the 50% calculated on a weighted average basis.
On successful completion of this course, students will be able to:
- Understand customer relationship management (CRM) and its impact on an organization’s structure, strategies, processes and customer service functions;
- Develop strategies to blend CRM marketing with a firm’s overall business plan;
- Apply the economics of investing in a high-quality customer database;
- Demonstrate an understanding of the benefits of a customer-centric strategy and its role in fostering emotional loyalty and brand preference;
- Perform customer segmentation and profiling using data mining techniques;
- Create a marketing campaign to acquire, retain, build and deepen relationships over the lifetime of the customer; and,
- Incorporate issues such as privacy, ethics, customer fatigue, environmental concerns and future trends into CRM applications.
Textbooks and Materials to be Purchased by Students:
Customer Relationship Management, 2/E, Ed Peelen, University of Nyenrode, The Netherlands. Pearson Education Canada latest edition (and/or other textbook(s) and/or other material approved by the department)
Requisites
Prerequisites
MARK 1120 and (CMNS 1115 or any English UT course)
OR
MARK 1120 AND currently active in one of the following:
PBD Computer and Information Systems
PBD Digital Marketing
PBD Hospitality Services Management
PBD Project Management
PDD Data Analytics
PDD Hospitality Management
PDD Hospitality Marketing
PDD Marketing
PDD Sales
Corequisites
No corequisite courses.
Equivalencies
No equivalent courses.
Course Guidelines
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
Course Transfers
These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca
Institution | Transfer Details for MARK 4360 |
---|---|
Alexander College (ALEX) | ALEX COMM 2XX (3) |
Athabasca University (AU) | AU MKTG 4XX (3) |
Camosun College (CAMO) | CAMO MARK 395 (3) |
Capilano University (CAPU) | CAPU BMKT 3XX (3) |
College of New Caledonia (CNC) | CNC MKT 282 (3) |
College of the Rockies (COTR) | COTR MKTG 2XX (3) |
Kwantlen Polytechnic University (KPU) | No credit |
Langara College (LANG) | LANG MARK 2XXX (3) |
LaSalle College Vancouver (LCV) | LCV BUS 2XX (3) |
Thompson Rivers University (TRU) | TRU MKTG 3XXX (3) |
Trinity Western University (TWU) | TWU BUSI 2XX (3) |
University Canada West (UCW) | UCW MRKT 3XX (3) |
University of Northern BC (UNBC) | UNBC COMM 2XX (3) |
University of the Fraser Valley (UFV) | UFV BUS 324 (3) |
Yorkville University (YVU) | YVU BUSIE XXX (3) |
Course Offerings
Winter 2025
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
15050
|
Wed Fri | Instructor Last Name
Cloghesy
Instructor First Name
Brita
|
Course Status
Open
|