BK007A1 Customer Relationship Management in Marketing
bk007a1
Assessment # 1
bk007a1
Assessment Code: | BK007A1 | |
Assessment Name: | Individual Assignment | |
Assessment Type: | Individual Essay | |
Subject Code: | BK007 | |
Subject Name: | Customer Relationship Management in Marketing | |
Briefing Date: | Week 1 | |
Submission Date: | To be confirmed on Turnitin submission page in Moodlerooms. | |
Weighting: | 30% | |
Aims: | Demonstrate a critical understanding and application of key principles of | |
Customer Relationship Management. | ||
Brief: | Identify and review the CRM at C. Fun Parks (CFP). Principles, CRM as a business | |
strategy, elements of CRM and influences on the success of CRM | ||
Submission | The essay MUST be typed in 12pt font Times Roman or Arial, 1.5 line spacing and | |
Format: | properly referenced using APA 6th edition. The length of the essay must be at least | |
2000 words and not exceeded 2,500 words excluding reference list and | ||
appendices. | ||
NO handwritten assignments will be accepted. | ||
A final soft copy of all assignments MUST be submitted via “Turnitin on NZSE- | ||
Moodle” online. | ||
Additional | ||
Information: | You are required to keep a soft copy of this particular assignment. | |
Collaboration | ||
Required | Permitted | |
If yes, extent of collaboration: | ||
No. | ||
Referencing | ||
Required | ||
If yes, sample of referencing: | ||
Peelen, E., & Beltman, R. (2013). Customer relationship management. (2nd ed.). | ||
Harlow, UK: Pearson Education Limited. | ||
Alternative | No alternative | |
Assessment |
Grading Bands:
Percentage | Mark |
100 – 85 | High Distinction |
84 – 75 | Distinction |
74 – 65 | Credit |
64 – 50 | Pass |
< 50 | Fail |
NZSE Policy:
- All work submitted must be accompanied by an Assessment Submission Form (attached). The lower part of this form is to be signed by the lecturer/staff and kept by the student as proof of submission.
- All work submitted after the submission deadline will be limited to a maximum of 50% and will not be accepted after the end of the study period unless special circumstances apply.
- Students only receive grade bands, not raw marks, for individual assessments.
Learning Outcomes:
The learning outcomes associated with this assessment brief are:
- LO1 Identify key principles of Customer Relations Management (CRM) and its importance in terms of competitive strategy for today’s business.
- LO2 Identify the range of stakeholders affected by CRM including current customers, potential customers, company strategists, managers and marketing specialists.
- LO3 Appreciate the importance of information technology in CRM: students will understand the importance of creating effective processes for reaching customers and accessing their input, and the increasing role of IT in these processes.
- LO4 Understand the value creation through CRM and the development of customer relationship based marketing strategies in specific businesses. Students are expected to develop strategies incorporating CRM into the marketing for a range of companies including both service and product-based companies
Individual ASSIGNMENT:
Topic: Customer relationship management in marketing
Assignment instructions:
- This essay is to be completed individually.
- Assignment instructions and length:
The front page of the essay must be the assessment cover page, signed and dated.
Use 12 point Times Roman or Arial font in your essay. The length of the essay (excluding cover page, and references) should be limited to 2,500 words.
You are required to attend a workshop on assignment 1 topics during the class sessions.
- Presentation and Referencing:
The assignment is to be presented to a professional standard, typed and with appropriate citation and referencing. Marks will be awarded for presentation, correct spelling and overall structure.
All references must be cited using APA (6th ed.) format. (Refer to Writing guidelines for business students Emerson). Failure to reference correctly in up to 10% of total marks being deducted).
Plagiarism (passing off someone else’s work as your own) is to be strictly avoided; if this is found, the assignment will receive zero marks and the student(s) will be liable for disciplinary action.
Assignment Tasks:
You are required to read the attached case study and Chapter 1 notes posted on Moodle and write an essay addressing the following questions: Question 1: (Maximum 500 words)
- Evaluate the different perspectives on CRM in your own words, by examining the different definitions of CRM discussed in class (Chapter 1 notes posted on Moodle) LO1 (5 marks)
- Critically examine in the context of the case study, ‘Organisational CRM’ as a business strategy LO1
(10 marks)
Question 2: (Maximum 2000 words)
- Identify the range of stakeholders affected by CRM, and analyse the impact of CRM on these stakeholders, in the context of the case study organisation (LO2) (Maximum 200 words) (10 marks)
- Evaluate the importance of information technology in CRM, using examples from the case study organisation (LO3) (Maximum 300 words) (10 marks)
- Critically examine the elements of CRM, based on the building blocks of CRM that would be relevant to the case study organisation (LO1) (Maximum 500 words) (20 marks)
- As a CRM consultant, discuss the factors you think would influence the success of CRM on the case study organisation, and include recommendations (LO4) (Maximum 1,000 words) (15 +15 marks) (Class participation in assignment 1 workshop? (5 marks)
- Formatting-Clear, concise style of written expression ensuring complete coverage of all concepts.
- Neat and tidy presentation and formatting.
- APA 6th edition referencing-accurate) (10 marks)
Assessment Criteria:
Structure of the Essay | Weight % | |||
1 | Background/Introduction (Task 1 a & b) | 15% | ||
Discussion: | ||||
2 | Knowledge of subject; Understanding of concepts/theory (Task 2 a & b) | 20% | ||
3 | Application of theoretical concepts (Task 2 c) | 20% | 35% | |
3 | Information analysis/synthesis (Task 2 d- success factors ) | 15% | ||
4 | Presentation (written expression, formatting, referencing (APA 6th | 10% | ||
edition) etc. | ||||
5 | Lessons learned/Conclusion (Task 2 d- recommendations) | 15% | ||
6 | Class participation in assignment workshop | 5% | ||
Total | 100% | |||
Case Study:
CRM at C. Fun Parks (CFP)
Background
- Fun Parks (CFP) is a concept that was developed by Theodore Brook (TB) in 1985. The aim was to give people a short break, to take away their worries and give them a safe place to visit, where everything is provided for their comfort and entertainment, and also their family and/or friends, and all close to home!
From 1985 onwards Brook experienced a great demand for his service proposition. In only a few years he was able to open more than thirty of these resorts in the Netherlands, Belgium, Germany and France.
The first resorts were company owned, managed and operated. But soon Brook found that his resources were limited and this hindered a rapid expansion; the launch of a franchising concept provided a solution. At present, 85 percent of resorts are owned and managed by franchisees. Twice a year there is a meeting between the franchisees and the franchise organisation. During the last franchisee meeting, Brook was asked to develop and present a CRM plan. The franchise organisation was, in the franchisees’ opinion, lacking a clear CRM vision and strategy, and invested in a rather ad hoc way in CRM systems.
The franchising concept
Characteristic of CFP is the resort’s main building that houses the reception, a restaurant, a (tropical) swimming pool, a bar, a terrace, a game hall and a convenience store. Apart from the central building, the resorts contain several bungalows, with accommodation available for four to sixteen people.
Guests can choose between several service packages. The budget pack does not include bed sheets, towels, cleaning, welcome food and beverage package, etc., whereas the premium pack will provide these services.
Also, in the park, several activities are organised for guests, ranging from horse riding, bingo and soccer games to nature walks. Outside the park, there are ample opportunities for enjoying a short holiday. The park provides guests with information so that they can enjoy and explore the local environment.
Franchisees have little decision-making freedom over the park. The park’s general manager also has to follow and pass a professional hospitality management programme and a special quality management system has to be implemented in his/her organisation. Furthermore, s/he will have to participate in the joint marketing programme.
Franchisee performance
About 70 percent of the franchisees have been able to increase customer satisfaction rates over the past five years. However, the improvements in profitability and sales show a less satisfying trend over the past three years. Of course the market has changed, but even if the franchisees take account of external events, they state they ‘need more’. Occupancy rates have dropped to 85 per cent; this, although still acceptable, has been higher in the past. Furthermore, guests often delay their choice of a short break, leaving the decision as to whether to book a holiday until the last minute. French guests are known for their impulsive behaviour; a substantial percentage does not reserve a bungalow, and arrive at reception asking for a place to sleep. During guests’ stay, the pattern has also shown a negative trend: they spend less during their stay in the restaurant, in the convenience store, on organised activities, on services, etc. Not all the facilities are particularly profitable either. Although it might not be desirable to hold each facility accountable, there is a need to exploit the tropical swimming pool, for instance, in a more economical way.
CRM on the agenda
Although relations with headquarters and TB are quite good, during the last meeting franchisees expressed concerns. They particularly expressed concerns about the effective use of CRM. Brook has been investing rather large amounts of money in CRM projects that have been delayed or even cancelled. Franchisees wanted him to hire an external expert to make an independent analysis and to provide recommendations for CRM. Also they want this expert to consider, as part of CRM, the feasibility and functionality of a loyalty programme to improve customer retention rates and spending.
Brook wants to follow up this request. Imagine he has selected you and invites you to present your ideas on this project. What is your initial analysis of the situation? How should they approach the project and seek to improve CRM at CFP?
As input for your preparations, CFP has provided the following information on the CRM projects.
CRM Project 1
Let’s say Brook has hired Siebel to implement a CRM system for the internet (web) channel and the call centre. Siebel (Oracle) is a well-known CRM system; by selecting this service provider, Brook sought to reduce the risk.
At the core of this project were several processes (lead generation, converting leads into sales, information provision, market research, after sales service).
The real-time registration and accessibility of the communication history for different channels made it possible to serve prospects and customers any place and anytime.
Problems have arisen with the integration of this front office application with back office systems for administration, billing, invoicing and reservations. Up until now the systems have operated separately.
CRM Project 2
The success of CRM depends to a large extent on the quality of the data and the customer profile. To date, several parks have been recording the identity of the guests in their own way; they did not want to rely on head quarter’s data bases. However, the local databases don’t only differ in structure, but also in the quality of the registered data. The result is that many (e-) mailings are returned, wasted and result in time-consuming phone calls to call centre agents.
Profiling attempts to seek to know more about each individual customer have been initiated, but have not yet resulted in an increase in sales, spending, and retention or satisfaction rates.
(Source: Adapted from Peelen, & Beltman, 2013)
Marking Criteria: BK007 Customer Relations Management in Marketing | |||||||||
Assessment #1: Individual Assignment | Weighting: 30% | ||||||||
Student/s ID: ____________ | |||||||||
Excellent | Good | Satisfactory | Poor | Very poor and /or | |||||
Unacceptable | |||||||||
1 | A satisfactory | A poor basic | |||||||
description of | |||||||||
description of the | |||||||||
definitions of CRM and | |||||||||
A good description of the | definitions of CRM and | ||||||||
business strategy | |||||||||
An excellent evaluation of the | definitions of CRM and | business strategy | |||||||
context. >5 but <7.5 | An unacceptable description of | ||||||||
definitions of CRM and business | business strategy context. | context>7.5 but <10 | |||||||
(One perspective of | definitions of CRM and business | ||||||||
strategy context. >13 | >10 but <13 | (Less than two | |||||||
CRM evaluated but | strategy context <5 | ||||||||
(over a range of three different | (Between two to three | different perspectives | |||||||
lacks depth; | (Included but lacks depth and is | ||||||||
perspectives of CRM evaluated; | different perspectives of | of CRM evaluated; | |||||||
CRM as an integral | incorrect; | ||||||||
CRM as an integral part of | CRM evaluated; | CRM as an integral | |||||||
part of business | CRM as an integral part of | ||||||||
Background/ | business strategy examined | CRM as an integral part of | part of business | ||||||
strategy examined | business strategy examined | ||||||||
Introduction (15%) | critically within the case study | business strategy | strategy examined | ||||||
critically within the | critically within the case study | ||||||||
context the discussion brings in | examined critically within | critically within the | |||||||
case study context the | context the discussion makes a | ||||||||
all the value disciplines | the case study context the | case study context the | |||||||
discussion makes a | mention of value disciplines | ||||||||
(strategies) according to Treacy | discussion brings in at | discussion brings in at | |||||||
mention of value | (strategies) according to Treacy | ||||||||
and Wiersama; product | least two of the value | least one of the value | |||||||
disciplines (strategies) | and Wiersama included incorrect; | ||||||||
leadership; cost leadership; | disciplines (strategies) | disciplines (strategies) | |||||||
according to Treacy | not included and or incorrect;) | ||||||||
individualised CRM;) | according to Treacy and | according to Treacy | |||||||
and Wiersama | |||||||||
Wiersama; includes only ) | and Wiersama; CRM | ||||||||
included but not | |||||||||
included but lacks | |||||||||
elaborated; and or | |||||||||
depth;) | |||||||||
lacks depth 😉 | |||||||||
2 | A satisfactory essay | A poor basic | |||||||
A good essay that clearly | that elaborates at least | identification of | |||||||
An excellent essay that clearly | elaborates the range of | three stakeholders | stakeholders and the | An unacceptable identification of | |||||
elaborates the range of | stakeholders and the | and the importance of | importance of | ||||||
stakeholders and the importance | |||||||||
stakeholders and analyse the | importance of information | information | information | ||||||
of information technology, | |||||||||
impact of CRM; evaluates the | technology, building | technology, building | technology, building | ||||||
Knowledge of subject; | building blocks of CRM – <3 | ||||||||
importance of information | blocks of CRM >10 but | blocks of CRM >5 but | blocks of CRM >3 but < | ||||||
Understanding of | (Discussion includes | ||||||||
technology. ->15 | <15 | <10 | 5 | ||||||
concepts/ Theory | stakeholders- incorrect and lacks | ||||||||
(discussion includes over 5 | (discussion includes | (discussion includes | (Discussion includes | ||||||
(20%) | depth and detail; includes | ||||||||
stakeholders; more than three | between three to 5 | between 2-3 | stakeholder’s lacks | ||||||
perspectives on the role of | |||||||||
perspectives on the role of | stakeholders; between 2-3 | stakeholders; at least | depth and detail; | ||||||
technology but errors and lacks | |||||||||
technology included with in- | perspectives on the role of | one perspective on the | includes perspectives | ||||||
depth and detail.) | |||||||||
depth discussion) | technology included with | role of technology | on the role of | ||||||
in-depth discussion) | included with in-depth | technology but lacks | |||||||
discussion) | depth and detail.) | ||||||||
Assessment1 Brief | Page 7 of 8 |
3 | At | least | three | The | implications | of | ||||||||||||||
A | good | range | of | implications | of | building blocks of CRM | ||||||||||||||
implications | of building | building blocks of CRM | and influencing factors | |||||||||||||||||
blocks | of | CRM | and | for success of CRM- | The implications of building | |||||||||||||||
An excellent range of implications | influencing | factors | for | and influencing factors | poor | coverage | > | 10 | blocks of CRM and influencing | |||||||||||
of building blocks of CRM and | success of CRM are clearly | for success of CRM are | but <15 | factors for success of CRM- | ||||||||||||||||
Application of | influencing factors for success of | outlined >20 but <30 | outlined >15 but <20 | A relevant | building | unacceptable coverage – <10 | ||||||||||||||
theoretical concepts | CRM are clearly outlined. >30 | Between 2 to 3 relevant | At least | one | relevant | block | is included but | Building blocks are discussed lack | ||||||||||||
and Information | More than 3 relevant building | building | blocks | are | ||||||||||||||||
analysis and synthesis | blocks are discussed in depth; | building | blocks | are | discussed in depth; At | lacks | depth; | a | valid | relevance and depth; 3 reasons | ||||||||||
(35%) | more than 3 reasons for success | discussed | in | depth; | least | 1 | reason | for | reason for | success | is | for success are discussed or | ||||||||
are discussed or alternatively 3 | between 2 to 3 reasons for | success | are discussed | included | however | alternatively 3 reasons for failure | ||||||||||||||
reasons for failure are analysed | success | are | discussed | or | in | depth | or | lacks | depth discussed | are analysed but lack depth and | ||||||||||
alternatively between 2 to | or | alternatively | relevance | |||||||||||||||||
3 reasons for failure are | alternatively at least 1 | 1reason for failure are | ||||||||||||||||||
analysed | reason for failure | are | analysed | but | lacks | |||||||||||||||
analysed in depth | depth | |||||||||||||||||||
4 | A satisfactory written | |||||||||||||||||||
expression ensuring | ||||||||||||||||||||
A good clear, concise style | complete coverage of | |||||||||||||||||||
An excellent clear, concise style of | of written expression | all concepts. | A poor coverage. Tidy | |||||||||||||||||
written expression ensuring | ensuring complete | Punctuation and | ||||||||||||||||||
presentation. Major | An unacceptable coverage. Tidy | |||||||||||||||||||
Presentation (Written | complete coverage of all concepts. | coverage of all concepts. | grammar could be | |||||||||||||||||
errors in punctuation | presentation. Punctuation and | |||||||||||||||||||
expression, formatting, | Free of punctuation and | Minor punctuation and | improved. Average | |||||||||||||||||
and grammar. Major | grammar – very poor. Poor | |||||||||||||||||||
referencing- (APA 6th | grammatical errors. Neat and tidy | grammatical errors. Neat | effort on presentation | |||||||||||||||||
gaps in APA 6th | attempt or not included -APA 6th | |||||||||||||||||||
edition) etc. (10%) | presentation and formatting. APA | and tidy presentation and | and formatting. APA | |||||||||||||||||
edition referencing- | edition referencing <3 | |||||||||||||||||||
6th edition referencing-accurate. | formatting. APA 6th | 6th edition | ||||||||||||||||||
>3 but <5 | ||||||||||||||||||||
>8.5 | edition referencing- | referencing included | ||||||||||||||||||
accurate >7.5 but <8.5 | but needs | |||||||||||||||||||
improvement – >5 but | ||||||||||||||||||||
<7.5 | ||||||||||||||||||||
5 | A satisfactory | |||||||||||||||||||
Excellent recommendations and | A good recommendations | recommendations – >8 | A poor | |||||||||||||||||
but <10 | recommendations – >5 | An unacceptable | ||||||||||||||||||
conclusion->12 | >10 but <12 | |||||||||||||||||||
Lessons learnt / & | Between 1 to 2 | but <8 | recommendations – but <5 | |||||||||||||||||
More than five relevant | Between 3 to 5 relevant | |||||||||||||||||||
Conclusion – 15% | relevant | 1 relevant | Missing and /or Irrelevant | |||||||||||||||||
recommendations and a relevant | recommendations and a | |||||||||||||||||||
recommendations and | recommendation and | recommendations and conclusion | ||||||||||||||||||
conclusion included | good conclusion included | |||||||||||||||||||
a good conclusion | a conclusion included | |||||||||||||||||||
included | ||||||||||||||||||||
6 | Class participation in | Mostly participated->3 | Fair participation – >2 | Poor participation->1 | ||||||||||||||||
assignment 1 workshop | Fully participated – >4 | Not participated – <1 | ||||||||||||||||||
but <4 | but <3 | but <2 | ||||||||||||||||||
(5%) | ||||||||||||||||||||
Mark: _________ Grade: _______ | ||||
Lecturer: _______________________ Date: __________ | Comments: | |||
bk007a1
The Best Assignment help is one of the best website for assignment help. For more details you may contact us at thebestassignmenthelp@gmail.com or call at +447418324884, +918607503827
bk007a1
visit at : BUSN20017: EFFECTIVE BUSINESS COMMUNICATION