CUSTOMER RELATIONSHIP MANAGEMENT

CUSTOMER RELATIONSHIP MANAGEMENT

Daniele D'Ambrosio, Angelo Baccelloni

Instructional goals

The course CUSTOMER RELATIONSHIP MANAGEMENT aims to provide students with an in-depth understanding of: (i) the differences between B2C and B2B marketing logics, with particular focus on the evolution of business-customer relationships in the two contexts; (ii) effective strategies for coordinating marketing channels and integrating them into a single coherent system; (iii) how companies can use emerging technologies to offer a seamless customer experience across different channels; (iv) how to design a company’s channel ecosystem; (v) how to create and motivate a top performing Sales Force. The course will cover both fundamental and advanced topics related to channel marketing, channel strategy development, and new technologies used to implement such strategies, such as Artificial Intelligence, Recommendation Agents, Augmented and Virtual Reality, the Internet of Things (IoT), RFID, Blockchain, Cloud Computing, and more. On top of the technological aspects the course will offer an overview of the Soft Skills needed to have success in the Sales profession.

Prerequisites

Principles of Marketing course or equivalent.

Course Contents

Differences between B2C and B2B marketing: relationship logic, decision-making processes, and loyalty strategies Types and functions of marketing channels: physical, digital, direct, and indirect Channel coordination and integration strategies: multichannel vs. omnichannel Introduction to Customer Relationship Management (CRM): basic concepts, goals, and customer value Designing the channel ecosystem: touchpoints, experience consistency, and customer journey Omnichannel Customer Experience: metrics, consumer expectations, and integrated management Emerging technologies in channels: AI, IoT, RFID, Blockchain, Cloud, AR/VR, and Recommendation Agents Channel conflict and power: dynamics between actors and governance strategies Channel performance measurement: KPIs, result analysis, and continuous improvement. Sales Force organization. Sales Force motivation. Sales Soft Skills.

Reference Books

Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. (Chapter I, II and XI only) Sisti, M. A., Guenzi, P., & Caiozzo, P. (2020). Gestire le vendite: l'eccellenza nel sales management. EGEA. For non-attending students: Course handouts – Mandatory Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. (All chapters) - Mandatory Lemon, K. N., & Verhoef, P. C. (2016). Understanding customer experience throughout the customer journey. Journal of marketing, 80(6), 69-96. - Mandatory Kumar, S., Jebarajakirthy, C., & Das, M. (2022). Building trust among channel members via power sources. Journal of Business & Industrial Marketing, 37(9), 1802-1817. - Mandatory Webb, K. L., & Didow, N. M. (1997). Understanding hybrid channel conflict: a conceptual model and propositions for research. Journal of Business-to-Business Marketing, 4(1), 39-7 - Mandatory Alexander, B., & Kent, A. (2022). Change in technology-enabled omnichannel customer experiences in-store. Journal of Retailing and Consumer Services, 65, 102338. - Mandatory Pournader, M., Ghaderi, H., Hassanzadegan, A., & Fahimnia, B. (2021). Artificial intelligence applications in supply chain management. International Journal of Production Economics, 241, 108250. - Mandatory Xiao, B., & Benbasat, I. (2007). E-commerce product recommendation agents: Use, characteristics, and impact. MIS quarterly, 137-209. - Mandatory

Teaching Methods

Lectures, Practical Exercises, In-class Experience with Guest Speakers

Assessment Method

In-class exercises (10%) – Practical – Individual grade Project Work (20%) – Practical – Group grade Final exam first part (35%) – Individual grade Final exam second part (35%) – Individual grade Written exam for non-attending students

Thesis assignment criteria

Having attended the minimum number of lessons as required and acquired the status of “attending”. Further, having demonstrated interest for the course content.

Week 1

Lecture 1 Sales Channels and Channel Marketing Goal: Introduce the concept of channel marketing and distribution in the retail context Topics: Definition of channel marketing Types of marketing channels Importance of channel marketing Structuralist and functionalist approaches Materials: Course slides Palmatier et al. (2016) Lecture 2 Evolution of Marketing Channels Goal: Introduce the concept of retail and omnichannel Topics: Definition and benefits of retail Evolution of retail Strategies to integrate physical and online sales channels Materials: Course slides Palmatier et al. (2016)

Week 2

Channel Strategy Management Goal: Introduce key components of a channel strategy and align them with business objectives Topics: Key components of a strategy Aligning strategy with business goals Importance of power sources in channels Materials: Course slides Palmatier et al. (2016) Kumar, S., Jebarajakirthy, C., & Das, M. (2022). Building trust among channel members via power sources. Journal of Business & Industrial Marketing, 37(9), 1802-1817. Lecture 2 Collaboration and Integration for Effective Channel Strategy Goal: Recognize the importance of collaboration and integration in developing a channel strategy Topics: Collaborative approach in strategy development Role of channel conflict in strategy Positioning and optimization strategies Materials: Course slides Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. Webb, K. L., & Didow, N. M. (1997). Understanding hybrid channel conflict: a conceptual model and propositions for research. Journal of Business-to-Business Marketing, 4(1), 39-78.

Week 3

Lecture 1 CRM for Marketing Channels Goal: Introduce the basic concepts of CRM technology and its use in retail Topics: Basic concepts and evolution of CRM Managing customer relationships through CRM platforms Materials: Course slides • Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. • Peppers, D., & Rogers, M. (2016). Managing customer experience and relationships: A strategic framework. John Wiley & Sons. Lecture 2 Using CRM Systems Goal: Learn how to use CRM platforms to enhance customer experience in marketing channels Topics: CRM implementation Optimization of customer experience through CRM Performance analysis and overcoming CRM adoption challenges Materials: Course slides • Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. • Peppers, D., & Rogers, M. (2016). Managing customer experience and relationships: A strategic framework. John Wiley & Sons.

Week 4

Lecture 1 Customer Journey Mapping Goal: Introduce the concept of customer journey mapping and its relevance to strategy development Topics: Definition and importance of customer journey mapping Mapping process steps Benefits for marketers Materials: Course slides Palmatier et al. (2016) • Lemon, K. N., & Verhoef, P. C. (2016). Understanding customer experience throughout the customer journey. Journal of marketing, 80(6), 69-96. • Hamilton, R., Ferraro, R., Haws, K. L., & Mukhopadhyay, A. (2021). Traveling with companions: The social customer journey. Journal of Marketing, 85(1), 68-92. • Court, D., Elzinga, D., Mulder, S., & Vetvik, O. J. (2009). The consumer decision journey. McKinsey Quarterly, 3(3), 96-107. https://www.youtube.com/watch?v=0Grg45ecrgI Lecture 2 Touchpoints and Customer Pain Points – Practical Exercise Goal: Understand the importance of identifying touchpoints and pain points in the customer journey Topics: Understanding customer experience Techniques for collecting customer feedback and insights Using customer data to improve the journey Materials: Same as above

Week 5

Lecture 1 Data Analytics for Retail Goal: Introduce data analytics and its role in strategy development Topics: Understanding data analytics Types of analytics Materials: Course slides Palmatier et al. (2016) Lecture 2 Using Data to Optimize Customer Experiences Goal: Learn to measure and optimize the customer experience using data Topics: Measuring and optimizing customer experience in retail Materials: Course slides Palmatier et al. (2016)

Week 6

Lecture 1 Promotional Leverage in Marketing Channels Goal: Recognize the importance of promotions and discounts and activation strategies across channels Topics: Understanding promotions and discounts Types of promotions and discounts Factors influencing promo decisions Materials: Course slides Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. Priya Raghubir, J. Jeffrey Inman, Hans Grande (2004). The Three Faces of Consumer Promotions. Harvard Business Publishing McKinsey&Company (2022) Future of B2B sales: The big reframe. Lecture 2 Effectiveness of Promotions and Discounts – Exercise Goal: Measure the effectiveness of brand promotion and discount strategies Topics: Analysis of promotion results Practical exercises Materials: Same as above

Week 7

Lecture 1 Technology in Marketing Channels and Industry 4.0 Goal: Introduce the main technologies used in marketing channels and their importance for enhancing customer experience Topics: Key technologies in marketing channels and retail Benefits of technology in channels Materials: Course slides • Palmatier, R. W., Stern, L. W., & El-Ansary, A. I. (2016). Marketing channel strategy: An omni-channel approach. Routledge. • Alexander, B., & Kent, A. (2022). Change in technology-enabled omnichannel customer experiences in-store. Journal of Retailing and Consumer Services, 65, 102338. • The future of shopping: what’s in store? |The Economist | https://youtu.be/ad-GuV6YIMI • Into the fast lane: How to master the omnichannel supply chain | McKinsey&Company | https://www.mckinsey.com/industries/retail/our-insights/into-the-fast-lane-how-to-master-the-omnichannel-supply-chainLecture 2 Technology Integration in Retail Strategy Goal: Learn to integrate technology into channel strategy and the importance of innovation Topics: Integration of technology into channel strategy Technological implementation in marketing and sales Overcoming integration challenges Materials: Same as above

Week 8

Lecture 1 Organizational Buying Behavior. B2B Customers and Sales Transformation Materials: Course slides Instructor-provided materials • Sisti, M. A., Guenzi, P., & Caiozzo, P. (2020). Gestire le vendite: l'eccellenza nel sales management. EGEA. Capitolo 1. Lecture 2 Approaches and Relationship Orientation in B2B Sales Force Management. Key Account Management Processes Materials: Course slides Instructor-provided materials • Sisti, M. A., Guenzi, P., & Caiozzo, P. (2015). Gestire le vendite: l'eccellenza nel sales management. EGEA. Capitoli 2 e 3.

Week 9

Lecture 1 Channel Sales and Trade Marketing. Sales in Retail Chains Materials: Course slides Fornari, D. (2009). Trade Marketing (Relazioni di filiera e strategie commerciali). Egea. Capitoli 4, 5, 8. Lecture 2 Types of Sales Contracts. Sales Force Structure, KPIs and Sizing Materials: Course slides Sisti, M. A., Guenzi, P., & Caiozzo, P. (2020). Gestire le vendite: l'eccellenza nel sales management. EGEA. Capitoli 4 e 5.

Week 10

Lesson 1 Definitions of Marketing Lead and Sales Lead. The Lead Generation Process in Marketing and Sales Teaching Materials: • Course slides • Instructor-provided materials • Sisti, M. A., Guenzi, P., & Caiozzo, P. (2020). Gestire le vendite: l'eccellenza nel sales management. EGEA. Lesson 2 Project Work: Introduction, Case Presentation, and Definition of Project Objectives Teaching Materials: • Course slides • Instructor-provided materials

Week 11

Project Work: Project Development, Guided Teamwork in Class Teaching Materials: • Course slides • Instructor-provided materials

Week 12

Project Work: Project Presentation