The finance-CRM nexus: measure of performance effectiveness Online publication date: Sun, 02-Dec-2007
by K. Oh, G. Durden
International Journal of Electronic Customer Relationship Management (IJECRM), Vol. 1, No. 2, 2007
Abstract: The use of financial metrics to study how to manage customer relationships effectively has become important for academicians in recent years. We explore the needs and methods for measuring the performance of marketing activity in the context of Customer Relationship Management (CRM). The metrics for measuring CRM and how such metrics can be linked to financial performance are discussed. The need for such metrics is to provide the necessary management tools for accountability and in strategic decision making for measuring the returns from marketing investments in CRM to enhance shareholder value.
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