Critical analysis on potential benefit of using CRM in organization Essay - 1

Critical abstract on potential benefit of using CRM in organization - Essay Examplegrating strong customer relationship management into business strategy, with a contextual focus and comparative analysis of the sell sector and tourism industry.The digitisation of business through the Internet has expedited novel business opportunities through the little by little development of e-commerce, thereby culminating in an unfamiliar business paradigm. However, the rapid pace of online business activity has guide to ad hoc responsive retail strategy measures in an attempt to balance the interests and protection of consumers, whilst simultaneously facilitating grocery growth.Furthermore, a central business strategy mantra of conventional businesses is location, location, location as being imperative to profitability and commercial prosperity however the e-commerce paradigm arguably renders physical location irrelevant (Lloyd, 2004). As such, the conventional emphasis on location has c reated an inherent contradiction, where location returns very much to the forefront (Lloyd, 2004). To this end, it has been argued that the common issues etymologizing from e-commerce are contractual jurisdiction, applicable law, tax and and consumer protection (Lloyd, 2004).This in itself highlights the multifarious complex issues pertaining to coetaneous retail management strategy as a result of the e-commerce business model. For example, the internet business model reduces overheads and provides change magnitude anonymity with regard to customer interaction as a result of globalisation.Indeed, Brah et al, further highlight the fast nature of globalisation as highlighted by the increased internet usage and wide dissemination of randomness (Brah et al, 1999 3). They further posit that a crucial element is movement of capital, commodities, cultural imaginations and practices (Brah et al, 19993).Moreover, Tomlinson posits that globalisation culturally impacts the contemporary so cial and cultural framework, arguably creating a fragmentation of the