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MKT206

Customers Relationship Management

This course introduces the principles and practices of customer relationship management (CRM). It explores the concepts, evolution, and elements of CRM, emphasizing customer loyalty and retention strategies. Students will learn about CRM technology components, planning processes, and implementation. The course also covers customer behavior, the role of CRM managers, and the importance of customer satisfaction in building strong customer relationships.

About this course

Difficulty
Intermediate
Study hours
39 hours
Maths
None
Content
Theoretical
Practical work
No
How it is assessed
  • Assignments
  • Tutor marked assignments
  • Final examination

One paragraph, so you can see how it reads

MKT206 · UNIT 1: INTRODUCTION, MEANING AND DEFINITION OF CUSTOMER RELATIONSHIP MANAGEMENT

The course is divided into two modules. The first module will treat the concepts, evaluation, elements, loyalty and process of customer relationship management (Unit 1-5). While the second module will focus on strategic tools, importance and model of customer relationship management, customer behavior and role of CRM manager (Unit 6-10).

What you should be able to do

  1. Understand the core concepts of customer relationship management
  2. Analyze the evolution and key elements of CRM
  3. Develop strategies for building customer loyalty and retention
  4. Apply CRM technology to improve customer relationships
  5. Understand customer behavior and its impact on CRM
  6. Evaluate the role of CRM managers in driving organizational success

What it prepares you for

Careers
  • CRM Manager
  • Marketing Manager
  • Sales Manager
  • Customer Service Manager
  • Business Development Manager
Where it is applied
  • Retail
  • Finance
  • Healthcare
  • Technology
  • Hospitality

Where it gets hard

The units students slow down on, and what makes each one heavy.

  • MODULE ONE

    Unit 4: CRM Technology Components /Customer Lifecycle/Loyalty

    Understanding the technical aspects of CRM software and integrating it with existing systems requires a strong technical background.

  • MODULE TWO

    Unit 1: CRM Strategies tools/ Major areas of customer relationship management

    Analyzing and interpreting customer data to develop effective CRM strategies requires strong analytical skills.

A suggested way through it

Suggested

13 weeks, about 26 hours in total. Yours will differ.

  1. Week 1MODULE ONE
    • Unit 1: Introduction, Meaning and Definition of Customer Relationship Management · 2 hours

      Define CRM, explain its components, and discuss the need for CRM in modern business.. Understand the concepts of one-to-one marketing and its relation to CRM..

  2. Week 2MODULE ONE
    • Unit 2: Evolution of Customer Relationship Management · 2 hours

      Explain the evolution of CRM from transactional to relationship-based approaches.. Differentiate between transactional and relationship marketing strategies..

  3. Week 3MODULE ONE
    • Unit 3: Elements of Customer Relationship Management · 2 hours

      Identify and describe the key elements of CRM, including customer knowledge, relationship strategy, and communication.. Discuss the importance of sales force automation and campaign management..

  4. Week 4MODULE ONE
    • Unit 4: CRM Technology Components /Customer Lifecycle/Loyalty · 2 hours

      Explain the CRM technology components and their role in managing customer data.. Understand the customer lifecycle and its importance in CRM strategy.. Discuss the concept of customer loyalty and its drivers..

  5. Week 5MODULE ONE
    • Unit 5: CRM Process and Customer Retention · 2 hours

      Describe the CRM process and its steps.. Understand customer retention strategies and their importance.. Apply the strategies for customer retentions..

  6. Week 6MODULE TWO
    • Unit 1: CRM Strategies tools/ Major areas of customer relationship management · 2 hours

      Identify and explain the major CRM strategies and tools.. Discuss the key areas of customer relationship management, including strategic CRM, technology implementation, and business intelligence..

  7. Week 7MODULE TWO
    • Unit 2: Importance of customer relationship management · 2 hours

      Discuss the importance of customer relationship management to stakeholders.. Explain the key features of CRM and their impact on organizational success..

  8. Week 8MODULE TWO
    • Unit 3: CRM planning and implementation · 2 hours

      Describe the CRM planning process and its key steps.. Understand the challenges and considerations in CRM implementation..

  9. Week 9MODULE TWO
    • Unit 4: Customer Behavior · 2 hours

      Explain the factors influencing customer behavior.. Understand the customer purchase decision process and its context..

  10. Week 10MODULE TWO
    • Unit 5: Role OF CRM Managers · 2 hours

      Describe the role and responsibilities of CRM managers.. Understand the duties of CRM managers..

  11. Week 11MODULE THREE
    • UNIT 1: CUSTOMERS SERVICE AND CUSTOMERS LOYALTY · 2 hours

      Define customer service and customer loyalty.. Discuss the advantages, disadvantages, and benefits of customer service and loyalty.. Explain the relationship between customer service and loyalty..

  12. Week 12MODULE THREE
    • UNIT 2: REASONS OF SEEKING CUSTOMERS' SATISFACTION · 2 hours

      Define customer satisfaction.. Discuss the importance of customer satisfaction.. Explain the determinates of customer satisfaction..

  13. Week 13MODULE THREE
    • UNIT 3: MODELS OF CONSUMER BEHAVIOUR · 2 hours

      Understand the terms models in relation to Consumer Behaviour. Discuss models of consumer behaviour. Explain theoretical approaches to the study of consumer behaviour.

Preparing for the exam

What to do
  • Review all tutor-marked assignments and their solutions.
  • Create a detailed outline of each module's key concepts.
  • Practice applying CRM strategies to real-world case studies.
  • Focus on understanding the different stages of the customer lifecycle.
  • Prepare examples of successful and unsuccessful CRM implementations.

Questions students ask about this course

What is MKT206 about?

This course introduces the principles and practices of customer relationship management (CRM). It explores the concepts, evolution, and elements of CRM, emphasizing customer loyalty and retention strategies. Students will learn about CRM technology components, planning processes, and implementation. The course also covers customer behavior, the role of CRM managers, and the importance of customer satisfaction in building strong customer relationships.

How many units does MKT206 have?

MKT206, Customers Relationship Management, has 11 units across 3 modules, over 145 pages of course material. You can read it one unit at a time.

How many credit units is MKT206?

MKT206 carries 2 credit units, at 200 level in Management Sciences.

Is MKT206 hard?

MKT206 is rated intermediate level, with no mathematical content. It is mostly theoretical work.

How long does MKT206 take to study?

About 39 hours of study, spread across its 11 units.

How is MKT206 assessed?

MKT206 is assessed by assignments, tutor marked assignments and final examination.

What can I do with MKT206?

CRM Manager, Marketing Manager, Sales Manager, Customer Service Manager and Business Development Manager.

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