Is customer relationship management a useful approach to tapping the market at the BOP?

Tendai Chikweche, Richard Fletcher

    Research output: Chapter in Book / Conference PaperConference Paper

    Abstract

    ![CDATA[Customer Relationship Management (CRM) is a relatively new concept that has as its focus a customer centric business culture. More recently its focus has been on the need for the firm to tap into social community networks as a means of developing and managing relationships with customers. Whilst the CRM approach has been applied in Western developed country markets, to date there is no evidence in the literature to establish its application and relevance in emerging markets especially those at the Bottom of the Pyramid (BOP) segment where two thirds of the world’s population are to be found. This paper illustrates that CRM has the potential to assist firms to tap the BOP segment efficiently and effectively because social networks at the BOP are a means of coping with the problems of existence, such as economic and politically induced shocks, infrastructure inadequacies, absence of the rule of law, endemic corruption and intermittent availability of goods. Firms need to manage relationships with these social networks as a conduit to the customers at the BOP. Case studies were conducted on four manufacturers of food and personal hygiene products to establish the importance of CRM when tapping the BOP segment in Zimbabwe. The results of the study also show that at the BOP relationships and networks are also critical in B2C interactions.]]
    Original languageEnglish
    Title of host publicationProceedings of the 25th IMP Conference : Euromed management (3-5 Sep. 2009)
    PublisherEuromed Management and Industrial Marketing and Purchasing Group (IMP Group)
    Number of pages20
    Publication statusPublished - 2009
    EventIndustrial Marketing and Purchasing Group. Conference (25th : 2009 : Marseilles, France) -
    Duration: 1 Jan 2009 → …

    Conference

    ConferenceIndustrial Marketing and Purchasing Group. Conference (25th : 2009 : Marseilles, France)
    Period1/01/09 → …

    Keywords

    • customer relations
    • social networks

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