Friday, November 29, 2019
Swansea Metropolitan and University of Wales Trinity St Davids
Introduction Communication within organizations is vital for full attainment of goals and objectives to enhance customer satisfaction in terms of service experience. Company interactions with customers involve applying different methods that ensure that customersââ¬â¢ pieces of information reach the sales department.Advertising We will write a custom report sample on Swansea Metropolitan and University of Wales: Trinity St Davids specifically for you for only $16.05 $11/page Learn More Since this communication process involves many people, it requires appropriate management to guarantee best customer service to the present and future customers. Currently, organizations are adopting the use of Customer Relationship Management (CRM) software to improve quality of their service provisions to their clients. The software helps in organizing and tracking contacts of both the present and future customers. Just as other online applications, the software minim izes logistical requirements and time wastage since all employees in every department can view a customerââ¬â¢s information and respond appropriately (Murray 2013). At the same time, a customer will obtain timely response from the necessary departments hence saving productive time. The Database Management System that Swansea Metropolitan University and the University of Wales: Trinity Saint Davids included in their system will ease the logistics required in communicating to and managing their students. The report expounds on the benefits that will accrue to the two institutions after adopting CRM, especially in decision-making processes. In addition, it will discuss the principles of Big Data and metrics and examines the gains that the University of Wales is likely to realise in adopting CRM. Finally, the treatise will expound on the ethical and legal implications that may face the institution for storing studentsââ¬â¢ data for future marketing purposes. Customer Relationship Management (CRM) System Organisations interact with customers in three main ways: back office operations, front office contacts, and business contacts. In marketing, business contacts is where a companyââ¬â¢s workforce intermingles with suppliers and customers through trade associations and various industry activities (Malhotra Birks 2007). Front office contacts entail straight connections that company workers have with dealers and consumers through mails and phone messaging. On the other hand, back office operations are sequences that aid phone call and e-mailing services such as marketing, promotion, and investment relations.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The use of CRM pays more focus to customers thereby enabling organizations to attract and retain customers through better service provisions, understand their customers, cut cost of managing customers and increase profit maximization. For successful service provision, CRM has different components such as campaign management, sales force automation, and customer service. Further, the process allows firms to communicate to their customers on marketing activities, sell goods and services to customers, and handle after-sales service necessities for customers. Markedly, the Customer Relationship Management software stores all communications with clients as they transpire so that any company worker can retrieve it in future in case need arises. Sales force automation component eliminates instances of effort duplication hence increasing efficiency. Moreover, it expands sales opportunities for current and new customers and even makes it possible for employees not in the sales department to access customersââ¬â¢ recent data easily. In essence, the element improves customer services, as all employees are aware of consumersââ¬â¢ current contact information. When sales representatives get prospecti ve clients, they often use a given set of decisive factors that centre at a drive of attracting new businesses. In the campaign process, the targeted customers receive inducements inform of special sales terms and marketing resources (Murray 2013). This Customer Relationship Management element takes into account all promotion trends, customersââ¬â¢ feedbacks and ultimate scrutiny from the initiative. Elements and Benefits of CRM CRM software has enhanced levels of business-customer engagement in its ability to manage contract wins, business contacts, and clientââ¬â¢s information (Malhotra Birks 2007). Customer Relationship Management provides organisations with customersââ¬â¢ business information, which enables them supply products and services that meets customersââ¬â¢ needs. For that reason, CRM solutions enhance customer satisfaction. Additionally, the system allows effective cross-sell, up-sell, and provision of better customer services. Notably, organisations that understand the behaviours of their clients are highly likely to attract and retain current customers in the process.Advertising We will write a custom report sample on Swansea Metropolitan and University of Wales: Trinity St Davids specifically for you for only $16.05 $11/page Learn More Advancements in technology has presented numerous challenges to companies in identifying the tastes and preferences of a target market and completely altered consumers buying behaviours thus forcing them to use new ways of reaching their present and prospective customers. An effective CRM solution helps business leaders in making prudent and insightful decisions. At the University of Wales: Trinity St Davids, the management will be able to understand the nature and dynamics of their students. For instance, the management will be able to save data of students applying for first year courses thus offering effective platforms for the academics department to identify the st udentsââ¬â¢ potentials and levels of interest in allocating the courses. Further, since the software allows for real time access of data in the dashboard, the university will be at an advantaged position to make right decisions at the right time. A marketing decision-maker having customersââ¬â¢ data at real time is able to monitor expected performances versus the actual results thus driving the marketing return on investments (Galligan 2012). The University will be able to process studentsââ¬â¢ requests and complaints in real time through the CRM dashboard. Evidently, the software reduces the costs of addressing studentsââ¬â¢ concern, as the administration will easily identify better processes at the contact centres. It makes student management easy since the administration can solve studentsââ¬â¢ issues on their first call given more in-depth data on the dashboard. Studentsââ¬â¢ service provision within the university will be quick and timely given that the admini stration will have studentsââ¬â¢ data in real time and even mitigate potential threats to studentsââ¬â¢ satisfaction. The CRM system will also improve the rate at which the university will carry out course-selection for the new students, which will enable it gain competitive advantage over other institutions in Wales and England. When the university departments are able to work together, they will not only have great insights into the objectives of the institution but also develop effective marketing strategies (Wilson 2006).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Principles of Big Data and metrics Businesses that can handle Big Data are more likely to be competitive than their competitors who cannot (Hayes 2012). This concept involves bringing together vast quantities of data, analyzing and processing them to extract valuable information. When Swansea Metropolitan University and the University of Wales: Trinity Saint David merged, it is evident that there are abundant data that need re-organization and analysis for the benefit of the institutions. Since the two institutions have different management systems, data integration into a single system will be a challenging task, but through data federation and information integration, it will be possible. Here, data reside where they have been, instead of moving them to other applications. Big data involves fast analysis of varied and massive data that reflect on reality to gain the trust of other users. One has to understand first the reasons for acquiring Big Data. In other words, one has to kno w its importance and substantiate how he/she intends to extract valuable information from Big Data. This process will enable one to make substantial decisions regarding the functions of a business. For effective communication, a well-engineered and harmonised reporting system that removes information overload that can cause confusion for users is necessary. Data minimization is also a key principle of Big Data. This principle ensures that everybody get full data that they need for their work and not in excess of that (Hayes 2013). Data protection prevents exploitation and accessibility by unauthorised parties. Data in the universityââ¬â¢s database are extremely sensitive and requires maximum protection for use in a specified purpose. In addition, a functional reporting system where the validity of information is not in doubt and set operational goals maximise customer satisfaction. For better services, organisations need to train their employees so that they can answer customersà ¢â¬â¢ questions successfully. The process of data integration should be customer-centred to enable organisations create impact on their customers. In higher education, Big Data can focus on areas of student progress, institutional finance and budgeting, and resource optimisation. Benefits of Big Data to the University The University of Wales: Trinity St Davids stands to benefit immensely from developing Big Data Networks. For instance, the collected data will assist in addressing strategic issues, such as institutional finance management and budgeting. When the university hosts data at one point all employees can access it thus enhancing accountability and transparency in areas where funds are used. As a result, the universityââ¬â¢s overall management will have clean sheets on financial management hence making it register positive image to current and prospective students. Other areas that the institution will preserve its data include enrolment management, progress of strategi c plan, student learning, library, research advancement, procurement and faculty teaching and research performance. The University of Wales: Trinity St Davids will also be able to understand the demographics and behaviours of its students, as all students will be in the Database. Notably, the entire university department will have full access of studentsââ¬â¢ details, such as characters, ages, religious affiliations, and nationalities. Essentially, the development will assist the institution in monitoring its students with ease. Additionally, Database Management System will benefit the university by optimising use of resources. This is possible since all departments will be monitoring and evaluating the expected results from all resources within the institution. Scrutiny of resources across all university departments will improve the usability and productivity of resources (Javalgi, Martin Young 2006). The initiative will also enable the university to recruit many students at ag o, as the process will not only automate all courses but also improve the relationship between new students and the university administration. In sum, the system will increase the efficiency and effectiveness of the university services. Ethical and Legal Issues In attempting to use customersââ¬â¢ data in marketing, the University of Wales: Trinity St Davids will be contravening the policy of individual privacy (Chisnall 1997). Since the institution may apply business-to-consumer marketing as a way of enticing other students to join its courses, the privacy concern is less clear on the context of internet development. Personal data like address, social security numbers, age, likes and dislikes are key concerns to customers. In the UK, the revised 1998 Data Protection Act helps in protecting personal data and marketers ought to be consistent with privacy law whenever they are marketing their products and services via the internet (Ethical Constraints n.d.). In addition, the Univers ity of Wales: Trinity St Davids will not be able to control those who will access the data, as it will be difficult to identify end-users. However, the institution can plant cookies in on the end-users computers to enable websites identify them. The university should also get the consent of the students to transfer data ownership to third parties. On the legal front, citizens expect their personal data and resources to keep them safe and secure. The Data Protection Act (DPA) assists in giving evidence in a legal proceeding involving unlawful sharing of personal data. The university will have to document the need for sharing data with other prospective consumers, information to share and the means of sharing it to avert situations of privacy violations (Ethical Constraints n.d.). Since the Welsh Government encouraged the need for higher institutions to adopt CRM, this does not guarantee the university to share customersââ¬â¢ information under a public sector as per the provisions of section 22 of the DPA. Conclusion The universityââ¬â¢s option of adopting the use of CRM in its services presents numerous benefits its ways of handling studentsââ¬â¢ services and in its overall management. For long-term benefits, the institution should use widely packaged customer database management software applications since they are flexible and indispensable in meeting current marketing needs (Myers 2013). Moreover, rapid and flexible software will increase the security of customersââ¬â¢ data thus enhancing clientsââ¬â¢ loyalty to the institution. On marketing, the university should comprehend the provisions of the DPA to help it in differentiating between readily available data and others that are under copyright protection. References Chisnall, P. 1997, Marketing research (5th ed.), McGraw-Hill, London. Ethical Constraints, Internet Studies.à Web. Galligan, F. 2012, Altmetrics for Librarians and Institutions: Part II, Content Management Services for Librarie s and Publishers. Web. Hayes, B. 2012, Big Data has Big Implications for Customer Experience Management | Business Over Broadway, Business Over Broadway: Transforming Business Through Customer Insight. Web. Hayes, B. 2013, Big Data has Big Implications for Customer Experience Management, The Big Data Hub | Understanding big data for the enterprise. Web. Javalgi, R., Martin, M., Young, R. 2006, ââ¬ËMarketing research, market orientation and customer relationship management: a framework and implications for service providersââ¬â¢, Journal of Services Marketing, vol. 20. no. 1, pp. 12-23. Malhotra, N. K. Birks, D. F. 2007, Marketing research: an applied approach (3rd ed.), Prentice Hall/Financial Times, Harlow, England. Murray, M. 2013, Customer Relationship Management (CRM), Logistics. Web. Myers, R. 2013, Legal and Ethical Issues in Obtaining and Sharing Information, Morris, Manning Martin, LLP.à Web. Wilson, A. M. 2006 Marketing research: an integrated approach (2nd ed.), Prentice Hall/Financial Times, Harlow, England. This report on Swansea Metropolitan and University of Wales: Trinity St Davids was written and submitted by user Duncan Mccall to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
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