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Research Journal of Manageme Vol. 6(5), 20-34, May (2017) International Science Community Associa A comparative study on enhancing competitiven (India) with speci Avai Received 10 th Abstract We are witnessing a dynamic business s competition all the business houses requir in enhancing the competitiveness of the org of customers is collected and extended in pattern of today’s consumers thereby alter on the philosophy of relationship marketi withstand the prevailing competition, a bu the important dimension. Thus, the work effective tool for satisfying customers and Ambuja Mall (the organized retail sector) Keywords: Enhancing, Customer Relation Introduction “TODAY” marks “the buyer’s market” and th demanding and intellectual consumers of t sellers to put in immense efforts to attract Retail in India is at the crossroad. The whole sector has changed over time with the co shopping malls, hypermarkets, super bazaars to high competition and dynamism in the environment with a need to build a one to on the customers thereby opening the gatew Relationship Management. Customer relationship Management: Cust management is a business strategy ad organizations and it requires customer approach with the purpose of improving mark enhancing customer satisfaction resulting int This thought makes it possible for firms to sat by modifying the products and services as providing round the clock assistance to them restricts itself to capturing information from d and out of the organization but also prom information and data across the whole organ cope up with the competitive world outside 3 . Organized Retail sector: India’s organized its way to become the next boom industry g several players entering the market and while ent Sciences ____________________________________ ation customer relationship manageme ness in the organized retail sector i ial reference to Fbb, Max and Pan Garima Shah MATS University, Raipur, CG, India [email protected] ilable online at: www.isca.in, www.isca.me h April 2017, revised 3 rd May 2017, accepted 5 th May 2017 scenario in every sector of the Indian economy. To c re to learn about their buyers in and out. Here CRM prov ganizations. The objective of CRM is to maintain a datab nto a databank as a valuable asset. India is witnessing a ring the whole shopping scenario. This has affected Raip ting that aims to create, retain and develop relationship usiness organization will have to take up “Quality and C undertaken here is with the objective to explore whethe retaining them with special reference to Pantaloons, Fbb in Raipur city. nship Management, Competitiveness, Quality, Customer S herefore the highly today are riveting t and retain them. e scenario of retail oming up of huge s etc 1 . This has led e current business ne relationship with way for Customer stomer relationship dopted by most oriented business keting productivity, to enhanced sales 2 . tisfy the customers s per their needs, m. CRM does not different systems in motes exchange of nization in order to retail sector is on globally. There are e the opportunities are immense, all players must b culture is also changing. Taking about shopping malls as organized retail sector establishe everything under one roof. All big kids apparels, footwear stores, boo cosmetics, jewelers, eating houses available under one umbrella. Ra malls in number out of which fou Among them, one is AMBUJA MA CRM in Organized Retail sec competition level amongst the var malls, CRM has become a tool for the competitive advantage over th promise to deliver high level of CRM practices and strategies to do prospective competitors. Like any other product even cust customer lifecycle and, at every functions viz. sales, marketing, cus CRM strategies take care of. E importance individually but for the harmony i.e. they support one anoth Each and every customer has its o general flow in it can be stated as fo __________ISSN 2319–1171 Res. J. Management Sci. 20 nt as a tool for in Raipur city ntaloons cope up with the level of ves to be an important tool base wherein all the details a breakaway in the buying pur city also. CRM is built ps with the customers. To Customer Satisfaction” as er CRM strategies are an b and Max – the outlets in Satisfaction, Retaining. be aware that the consumer one of the segments in the es itself as a place with g brands of men, women and ok stores, automobile sector, s, game zone etc. is what is aipur city at present has six ur are operating successfully. ALL. ctor: Due to the increased rious outlets in the different r each one of them to exploit he other. Organizations who customer satisfaction adopt o things differently than their tomers have a cycle, as in, y stage, there are different stomer service etc. which the Each function has its own overall success they work in her. own unique life cycle but a ollows:
Transcript
Page 1: A comparative study on customer relationship management · PDF fileOrganized Retail sector: ... the total respondents who were aware of the three stores under study. Max Pantaloons

Research Journal of Management

Vol. 6(5), 20-34, May (2017)

International Science Community Association

A comparative study on

enhancing competitiveness in the organized retail sector in Raipur city

(India) with special reference to Fbb, Max

AvailableReceived 10th

Abstract

We are witnessing a dynamic business scenario in every sector of the Indian economy. To cope up with the level of

competition all the business houses require to learn about their buyers in and out. Here CRM proves to be an important tool

in enhancing the competitiveness of the organizations. The objective of CRM is to maintain a database wherein all the details

of customers is collected and extended into a databank as a valuable asset. India is witnessing a breakaway in the buying

pattern of today’s consumers thereby altering the whole shopping scenario. This has affected Raipur city also. CRM is built

on the philosophy of relationship marketing that aims to create, retain and develop relationships with the customers. To

withstand the prevailing competition, a business organization will have to take up “Quality

the important dimension. Thus, the work undertaken here is with the objective to explore whether CRM strategies are an

effective tool for satisfying customers and retainin

Ambuja Mall (the organized retail sector) in Raipur city.

Keywords: Enhancing, Customer Relationship Management, Competitiveness, Quality, Customer Satisfaction, Retaining.

Introduction

“TODAY” marks “the buyer’s market” and therefore the highly

demanding and intellectual consumers of today are riveting

sellers to put in immense efforts to attract and retain them.

Retail in India is at the crossroad. The whole scenario of retail

sector has changed over time with the coming up of huge

shopping malls, hypermarkets, super bazaars etc

to high competition and dynamism in the current business

environment with a need to build a one to one relationship with

the customers thereby opening the gateway for Customer

Relationship Management.

Customer relationship Management: Customer relationship

management is a business strategy adopted by most

organizations and it requires customer orien

approach with the purpose of improving marketing productivity,

enhancing customer satisfaction resulting into enhanced sales

This thought makes it possible for firms to satisfy the customers

by modifying the products and services as per thei

providing round the clock assistance to them.

restricts itself to capturing information from different systems in

and out of the organization but also promotes exchange of

information and data across the whole organization in order to

cope up with the competitive world outside3.

Organized Retail sector: India’s organized retail sector is on

its way to become the next boom industry globally. There are

several players entering the market and while the opportunities

Management Sciences _____________________________________________

Association

tudy on customer relationship management as a tool for

enhancing competitiveness in the organized retail sector in Raipur city

with special reference to Fbb, Max and PantaloonsGarima Shah

MATS University, Raipur, CG, India

[email protected]

Available online at: www.isca.in, www.isca.me th April 2017, revised 3rd May 2017, accepted 5th May 2017

We are witnessing a dynamic business scenario in every sector of the Indian economy. To cope up with the level of

competition all the business houses require to learn about their buyers in and out. Here CRM proves to be an important tool

ompetitiveness of the organizations. The objective of CRM is to maintain a database wherein all the details

of customers is collected and extended into a databank as a valuable asset. India is witnessing a breakaway in the buying

rs thereby altering the whole shopping scenario. This has affected Raipur city also. CRM is built

on the philosophy of relationship marketing that aims to create, retain and develop relationships with the customers. To

a business organization will have to take up “Quality and Customer Satisfaction” as

the important dimension. Thus, the work undertaken here is with the objective to explore whether CRM strategies are an

effective tool for satisfying customers and retaining them with special reference to Pantaloons, Fbb

Ambuja Mall (the organized retail sector) in Raipur city.

Enhancing, Customer Relationship Management, Competitiveness, Quality, Customer Satisfaction, Retaining.

“TODAY” marks “the buyer’s market” and therefore the highly

demanding and intellectual consumers of today are riveting

sellers to put in immense efforts to attract and retain them.

crossroad. The whole scenario of retail

sector has changed over time with the coming up of huge

shopping malls, hypermarkets, super bazaars etc1. This has led

to high competition and dynamism in the current business

o one relationship with

the customers thereby opening the gateway for Customer

Customer relationship

management is a business strategy adopted by most

organizations and it requires customer oriented business

approach with the purpose of improving marketing productivity,

enhancing customer satisfaction resulting into enhanced sales2.

This thought makes it possible for firms to satisfy the customers

by modifying the products and services as per their needs,

providing round the clock assistance to them. CRM does not

itself to capturing information from different systems in

and out of the organization but also promotes exchange of

information and data across the whole organization in order to

’s organized retail sector is on

its way to become the next boom industry globally. There are

several players entering the market and while the opportunities

are immense, all players must be aware that the consumer

culture is also changing.

Taking about shopping malls as one of the segments in the

organized retail sector establishes itself as a place with

everything under one roof. All big brands of men, women and

kids apparels, footwear stores, book stores, automobile sector,

cosmetics, jewelers, eating houses, game zone etc. is what is

available under one umbrella. Raipur city at present has six

malls in number out of which four are operating successfully.

Among them, one is AMBUJA MALL.

CRM in Organized Retail sector:

competition level amongst the various outlets in the different

malls, CRM has become a tool for each one of them to exploit

the competitive advantage over the other. Organizations who

promise to deliver high level of customer satisfaction adopt

CRM practices and strategies to do things differently than their

prospective competitors.

Like any other product even customers have a cycle, as in,

customer lifecycle and, at every stage, there are different

functions viz. sales, marketing, customer service etc. which the

CRM strategies take care of. Each function has its own

importance individually but for the overall success they work in

harmony i.e. they support one another.

Each and every customer has its own unique life cycle but a

general flow in it can be stated as follo

____________ISSN 2319–1171

Res. J. Management Sci.

20

anagement as a tool for

enhancing competitiveness in the organized retail sector in Raipur city

Pantaloons

We are witnessing a dynamic business scenario in every sector of the Indian economy. To cope up with the level of

competition all the business houses require to learn about their buyers in and out. Here CRM proves to be an important tool

ompetitiveness of the organizations. The objective of CRM is to maintain a database wherein all the details

of customers is collected and extended into a databank as a valuable asset. India is witnessing a breakaway in the buying

rs thereby altering the whole shopping scenario. This has affected Raipur city also. CRM is built

on the philosophy of relationship marketing that aims to create, retain and develop relationships with the customers. To

Customer Satisfaction” as

the important dimension. Thus, the work undertaken here is with the objective to explore whether CRM strategies are an

g them with special reference to Pantaloons, Fbb and Max – the outlets in

Enhancing, Customer Relationship Management, Competitiveness, Quality, Customer Satisfaction, Retaining.

are immense, all players must be aware that the consumer

shopping malls as one of the segments in the

organized retail sector establishes itself as a place with

everything under one roof. All big brands of men, women and

kids apparels, footwear stores, book stores, automobile sector,

houses, game zone etc. is what is

available under one umbrella. Raipur city at present has six

malls in number out of which four are operating successfully.

AMBUJA MALL.

CRM in Organized Retail sector: Due to the increased

evel amongst the various outlets in the different

malls, CRM has become a tool for each one of them to exploit

the competitive advantage over the other. Organizations who

promise to deliver high level of customer satisfaction adopt

gies to do things differently than their

Like any other product even customers have a cycle, as in,

customer lifecycle and, at every stage, there are different

functions viz. sales, marketing, customer service etc. which the

trategies take care of. Each function has its own

importance individually but for the overall success they work in

harmony i.e. they support one another.

Each and every customer has its own unique life cycle but a

general flow in it can be stated as follows:

Page 2: A comparative study on customer relationship management · PDF fileOrganized Retail sector: ... the total respondents who were aware of the three stores under study. Max Pantaloons

Research Journal of Management Sciences _________________________________________________________ISSN 2319–1171

Vol. 6(5), 20-34, May (2017) Res. J. Management Sci.

International Science Community Association 21

Source: Canada Sales force, What is CRM – A Holistic Approach to Customer Relationship Management

Now, each stage is addressed by a different function of

customer relationship management which can be explained as:

Awareness is the first stage in which sales cold-call, speaking at

events, social relationships etc create awareness. Companies

marketing plans usually set advertising targets to be achieved to

generate awareness. Knowledge as the second stage makes

sales department connects with the prospective customers

through calls to learn more about them and their needs.

Marketing gives prime importance to customer preferences and

customer need oriented thinking is to be given priority. As

customers seek more and more information customer service

develops a list of FAQs to satisfy their queries. In the third stage

which is Consideration sales make it a point to approach the

prospective buyers and explain them all the key features and

value points of the products and services. Marketing develops

leaflets, brochures etc which enhances the knowledge of the

customers about the products and services and also helps them

to have an analytical review of the available options. Customer

service can have a live chat pop-up option on the product page

to answer questions. In Selection, the fourth stage, marketing

extends its gratitude to make the customers feel important and

valued. Customer service is available 24 hours to clarify the

doubts and queries of the customers. Purchase which comes in

the fifth step makes sales department to convert the prospective

buyers into a customers and completes the selling process.

Marketing ensures the purchase and the billing experience of the

buyer is hassle free and smooth. Customer services have

feedback filled and also follows up the after sales services if

needed. In Retention, the sixth step, sales connects with the

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Research Journal of Management Sciences _________________________________________________________ISSN 2319–1171

Vol. 6(5), 20-34, May (2017) Res. J. Management Sci.

International Science Community Association 22

customers whenever there are special offers or schemes to

attract them. Marketing sends monthly reminder mails to keep

themselves reminded of and on the top of the priority list. This

makes the customers feel special and valued too. Also

customers are given special offers on their special dates like

birthdays, anniversaries etc. Customer service keeps a track of

the customers, their experience with the product, new wants etc.

Advocacy the last stage involves in sales department

encouraging customers to suggest referrals and offer them

discounts on every reference they get. Marketing department

encourages people to give references based on an incentive

program. Customer service is ready to answer new queries from

new referrals4.

Thus the study here analyses how CRM will help in enhancing

the competitiveness of Pantaloons, Fbb and Max in the

organized retail market of Raipur (Ambuja Mall) at every step

of customer’s life cycle, to retain its customers and maintain an

everlasting relationship.

Objectives: As the title suggests the main objective of the

present study is to know the role of CRM in the organized retail

sector with special reference to a few outlets in Ambuja Mall,

Raipur city. The other supporting objectives are: i. To study the

inevitable role of customer satisfaction in enhancing

competitiveness of the retail outlets in current scenario. ii. To

study the various customer relationship management strategies

adopted by Pantaloons, Fbb and Max, iii. To assess the factors

of customer satisfaction, iv. To assess the factors of customer

retention.

Methodology

To complete the objective of the research, both primary and

secondary data has been collected from various sources. The

source of primary data is a structured questionnaire5. Whereas,

secondary data was collected from journals, reports, magazines

and research articles.

A sample of 89 respondents has been collected by adopting two

methods of sampling as of – Convenience Sampling and Simple

Random Sampling.

The research instrument used is a Questionnaire consisting of

several questions asked in a proper sequence covering the main

aspects of information to be collected regarding the success of

customer relationship management in attracting and retaining

customers, thereby enhancing a firm’s competitiveness.

Results and discussion

Data Analysis attempts to organize and summarize data so as to

make it easier and useful in such a manner that enables the

researcher to relate critical points with the objectives of the

study. This helps the interpretation of the collected data also

effective so that the inferences drawn can be used for further

researches.

Part 1 (Representation of the Demographic Information of

Respondents)

Q1. Gender profile of respondents:

Figure-1: Gender profile of respondents.

Interpretation: Of the total 89 respondents 63% i.e 56 were

women.

Q2. Age of the respondents:

Figure-2: Age of the respondents.

Interpretation: Maximum of the respondents fall under the

middle age group segment The mature and family segment.

37%

63%

Male

Female

15%

40%26%

19%

20 - 30

30 - 40

40 - 50

50 & above

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Part 2 (Representation of the CRM practices followed at the Q1. Customer Awareness:

Figure-3: Customer Awareness.

Q2. Use of Newspaper ads, Hoardings, FM etc as advertising tools:

Figure-4: Use of Newspaper ads, Hoardings, FM etc as advertising tools.

Interpretation of Figure-3: Of the total, only 63 new all the

three stores, 17 new about two (Max and Pantaloons) and 9

knew only about Pantaloons. (Fbb-63/Max-80/Pantaloons

Interpretation of Figure-4: Fbb uses different modes of

advertisements more as compared to max. Pantaloons also has

taken steps to make people aware of their outlet.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

Fbb

_________________________________________________________

Association

Part 2 (Representation of the CRM practices followed at the stores)

Q2. Use of Newspaper ads, Hoardings, FM etc as advertising tools:

Use of Newspaper ads, Hoardings, FM etc as advertising tools.

Of the total, only 63 new all the

Pantaloons) and 9

80/Pantaloons-89).

Fbb uses different modes of

Pantaloons also has

taken steps to make people aware of their outlet.

Note: All the under-mentioned responses are in percentage of

the total respondents who were aware of the three stores under

study.

Max Pantaloons

Max Pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

23

mentioned responses are in percentage of

the total respondents who were aware of the three stores under

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q3. Vast Product Range:

Figure-5: Vast Product Range.

Q4. Proper display of products:

Figure-6: Proper display of products.

Interpretation of Figure-5: About 67% (out of 89) of the

respondents feel that Pantaloons has the widest product range.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

About 67% (out of 89) of the

respondents feel that Pantaloons has the widest product range.

Interpretation of Figure-6: 70 respondents out of 89 felt that

Pantaloons has the best display of its products as compared to

the other two stores.

Max Pantaloons

Max Pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

24

70 respondents out of 89 felt that

Pantaloons has the best display of its products as compared to

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q5. Prompt Attention by staff:

Figure-7: Prompt Attention by staff.

Q6. Is the pricing of the products satisfactory?

Figure-8: Is the pricing of the products satisfactory.

Interpretation of Figure-7: The sales staff of Max was rated

highest (41 out of 80) in paying prompt attention to their

customers. Then came Pantaloons with a data of 39 out of 89

respondents.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

products satisfactory?

Is the pricing of the products satisfactory.

The sales staff of Max was rated

highest (41 out of 80) in paying prompt attention to their

data of 39 out of 89

Interpretation of Figure-8: The respondents showed a

satisfactory response as far as the pricing was concerned. Fbb

and Pantaloons were close enough with 72%

respectively.

Max Pantaloons

Max Pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

25

The respondents showed a

satisfactory response as far as the pricing was concerned. Fbb

and Pantaloons were close enough with 72% and 77%

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q7. Product has good quality:

Figure-9: Product has good quality.

Q8. Staff has complete product knowledge:

Figure-10: Staff has complete product knowledge.

Interpretation of Figure-9: Pantaloons showed the maximum

satisfaction level with quality aspect of products.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

Staff has complete product knowledge.

Pantaloons showed the maximum

of products.

Interpretation of Figure-10: Again out of 89 respondents, 79

felt that Pantaloons staff has complete product knowledge (i.e.

88%).

Max Pantaloons

Max Pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

26

Again out of 89 respondents, 79

felt that Pantaloons staff has complete product knowledge (i.e.

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q9. They have smooth billing and payment systems:

Figure-11: smooth billing and payment systems.

Q10. Appreciable Behavior of the staff:

Figure-12: Appreciable Behavior of the staff.

Interpretation of Figure-11: Pantaloons was rated the best for

smooth billing and payment systems followed at the store.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

payment systems:

payment systems.

Appreciable Behavior of the staff.

Pantaloons was rated the best for

smooth billing and payment systems followed at the store.

Interpretation of Figure-12: The behaviour of the staff of

Pantaloons was also found to be the best among others.

Max Pantaloons

Max pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

27

The behaviour of the staff of

Pantaloons was also found to be the best among others.

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q11. Good after sales services:

Figure-13: Good after sales services.

Q12. Effective communication between the staff

Figure-14: Effective communication between the staff

Interpretation of Figure-13: Pantaloons gives good after sales

services as reported by the respondents in comparison to Fbb

and Max.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

Q12. Effective communication between the staff and customer:

Effective communication between the staff and customer.

Pantaloons gives good after sales

services as reported by the respondents in comparison to Fbb

Interpretation of Figure-14: 92% of the total respondents of

Pantaloons agreed that the staff understood customers needs and

wants properly.

Max pantaloons

Max pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

28

92% of the total respondents of

Pantaloons agreed that the staff understood customers needs and

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q13. Feedback forms are available:

Figure-15: Feedback forms are available.

Q14. Maintains customer database:

Figure-16: Maintains customer database.

Interpretation of Figure-15: Pantaloons also welcomed the

feedback from customers.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

Pantaloons also welcomed the Interpretation of Figure-16: The data recorded interprets that

Pantaloons has the highest percentage

that it maintains a good customer database (76.40%)

Max pantaloons

Max pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

29

The data recorded interprets that

Pantaloons has the highest percentage of respondents agreeing

that it maintains a good customer database (76.40%).

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q15. Gives a Thank You note after the visit:

Figure-17: Gives a Thank You note after the visit.

Q16. Proper communication of offers and discounts:

Figure-18: Proper communication of offers and discounts.

Interpretation of Figure-17: Only Pantaloons show their

gratitude towards the customers visit in the store.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

Gives a Thank You note after the visit.

Q16. Proper communication of offers and discounts:

Proper communication of offers and discounts.

Only Pantaloons show their

gratitude towards the customers visit in the store.

Interpretation of Figure-18: Both Pantaloons

rated equal on proper communication of discounts and offers.

(71%).

Max Pantaloons

Max pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

30

Both Pantaloons and Fbb were

rated equal on proper communication of discounts and offers.

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q17. Monthly reminders via mails or messages:

Figure-19: Monthly reminders via mails or messages.

Q18. Special offers on birthdays/anniversaries:

Figure-20: Special offers on birthdays/anniversaries.

Interpretation of Figure-19: It was recorded that 65%

respondents received timely reminders from pantaloons whereas

63.5% respondents agreed to receive timely reminders from Fbb

of the total aware respondents of each.

0

10

20

30

40

50

60

70

80

90

Fbb

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

Q17. Monthly reminders via mails or messages:

Monthly reminders via mails or messages.

Q18. Special offers on birthdays/anniversaries:

Special offers on birthdays/anniversaries.

It was recorded that 65%

respondents received timely reminders from pantaloons whereas

63.5% respondents agreed to receive timely reminders from Fbb

Interpretation of Figure-20: None followed this strategy for

attracting customers and making them feel special.

Max pantaloons

Max pantaloons

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31

None followed this strategy for

attracting customers and making them feel special.

No

Yes

No

Yes

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Research Journal of Management Sciences _______________________

Vol. 6(5), 20-34, May (2017)

International Science Community Association

Q19. Special attention on the second visit:

Figure-21: Special attention on the second visit.

Interpretation: Only pantaloons was rated for paying special

attention to customers on their second visit. This made them

feel remembered.

Findings and suggestions: The findings after the analysis

interpretation of the data collected by the researcher are as

mentioned below:

There was lack of awareness among the respondents about Fbb

and Max as organized retail outlets in Ambuja

Pantaloons offered a much wide variety of products and the

display also was attractive as compared to Fbb and Max.

Organized retail outlets like these normally have a reasonable

pricing strategy, targeting the middle class of the society.

The quality of products in Pantaloons was found to be superior

than Fbb and Max. Also, the staff of Pantaloons and Max were

found to be well aware and updated about the products available

in the store. The staff had good and friendly behavior with the

customers.

Pantaloons had the most satisfactory billing and payment system

among the three. It even attended the after sales issues of the

customers promptly. Customer’s feedback was asked for and

valued at Pantaloons too. It thereby maintained a vast custome

database.

Pantaloons and Fbb were found to have a proper channel of

communication of the offers and discounts at the store.

Pantaloons also gave special attention to the customers who

0

10

20

30

40

50

60

70

80

90

Fbb

_________________________________________________________

Association

Special attention on the second visit.

Only pantaloons was rated for paying special

attention to customers on their second visit. This made them

The findings after the analysis and

interpretation of the data collected by the researcher are as

There was lack of awareness among the respondents about Fbb

and Max as organized retail outlets in Ambuja Mall. Whereas,

Pantaloons offered a much wide variety of products and the

display also was attractive as compared to Fbb and Max.

Organized retail outlets like these normally have a reasonable

pricing strategy, targeting the middle class of the society.

The quality of products in Pantaloons was found to be superior

than Fbb and Max. Also, the staff of Pantaloons and Max were

found to be well aware and updated about the products available

in the store. The staff had good and friendly behavior with the

Pantaloons had the most satisfactory billing and payment system

among the three. It even attended the after sales issues of the

customers promptly. Customer’s feedback was asked for and

valued at Pantaloons too. It thereby maintained a vast customer

Pantaloons and Fbb were found to have a proper channel of

communication of the offers and discounts at the store.

Pantaloons also gave special attention to the customers who

visited the store time and again which showed value to

customers on their part.

The above findings reveal that advertisements for customer

awareness, range of products, degree of ease in finding the

product, staff’s attention and behaviour, quality of the product,

effective communication etc. are very important for attrac

and retaining customers in the current business scenario. The

customers have to be made to feel important and valued for

maintaining a long term relationship.

Pantaloons value customers time, their needs and also welcome

their suggestions. There were respondents who were aware

about Pantaloons as the only organized retail outlet in Ambuja

after shoppers stop. Reason being the various aspects

Pantaloons takes care of in attracting its customers, attending

them, retaining them and making it sure that th

again.

Conclusion

Whenever a customer is made to feel special, the footfall of that

particular store will definately increase by leaps and bounds. In

the current business scenario where there is cut throat

competition, any retail outlet needs to enhance its competitive

skills by paying special attention to its customers who are the

most important aspect of the success of any organization.

The study thereby concludes that the overall perception of

customers is above average towards Pantaloons which is the

result of the effective implementation of the CRM strategies by

Pantaloons as compared to Fbb and

Max pantaloons

________________________ISSN 2319–1171

Res. J. Management Sci.

32

visited the store time and again which showed value to

The above findings reveal that advertisements for customer

awareness, range of products, degree of ease in finding the

product, staff’s attention and behaviour, quality of the product,

effective communication etc. are very important for attracting

and retaining customers in the current business scenario. The

customers have to be made to feel important and valued for

maintaining a long term relationship.

Pantaloons value customers time, their needs and also welcome

respondents who were aware

about Pantaloons as the only organized retail outlet in Ambuja

after shoppers stop. Reason being the various aspects

Pantaloons takes care of in attracting its customers, attending

them, retaining them and making it sure that they visit the store

Whenever a customer is made to feel special, the footfall of that

particular store will definately increase by leaps and bounds. In

the current business scenario where there is cut throat

let needs to enhance its competitive

skills by paying special attention to its customers who are the

most important aspect of the success of any organization.

The study thereby concludes that the overall perception of

customers is above average towards Pantaloons which is the

result of the effective implementation of the CRM strategies by

and Max.

No

Yes

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Research Journal of Management Sciences _________________________________________________________ISSN 2319–1171

Vol. 6(5), 20-34, May (2017) Res. J. Management Sci.

International Science Community Association 33

Questionnaire Respected Sir/Madam,

I am hereby conducting a study entitled I request you to kindly provide me your valuable opinion to fill this set of questions. Your

information will be kept confidential and will be used exclusively for academic purpose.

Part 1

Demographic Information:

Name: Gender: Age:

Part 2

Customer Relationship Management Practices at the stores:

Q.1 Are you aware of the following stores in Ambuja City Centre Mall Raipur?

Stores Yes No

Fbb

Max

Pantaloons

Q.2: Are the following CRM strategies adopted by the stores for customer satisfaction?

Sr. No. Practices Fbb Max Pantaloons

1. Has vast product range

2. Proper display of products in the store

3. Value customers time and prompt attention given

4. Satisfied pricing

5. Good Quality of the products

6. Complete product knowledge to the staff

7. Smooth billing and payment systems

8. Appreciable behaviour of the staff

9. Good after sales services

10. Effective communication between the staff and customer

11. Feedback form available

12. Maintaining customer database

13. A “Thank You” note for the visit

14. Proper communication of offers and discounts

15. Monthly reminder mails or messages

16. Special offers on birthdays and anniversaries

17. Special attention on the second visit

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Research Journal of Management Sciences _________________________________________________________ISSN 2319–1171

Vol. 6(5), 20-34, May (2017) Res. J. Management Sci.

International Science Community Association 34

References

1. Kumar A. Mayur (2014). Study of Customer Relationship

Management (CRM) Practices in organized retail shopping

Malls at bengaluru city in India. International Journal on

Global Business Management and Research, 2(2), 29. ISSN

2278 8425;

2. Dadwal Sapna (2017). CRM: A Competitive Tool for

FMCG Sector. Special Issue on International Journal of

Recent Advances in Engineering and Technology

(IJRAET); V-4 I-1 ISSN 2347-2812

3. Sammut J. Hadrian (2017). A competitive advantage

through customer relationship management. 386971,

www.timesofmalta.com

4. Canada Salesforce (2017). What is CRM – A Holistic

Approach to Customer Relationship Management.

https://www.salesforce.com/ca/blog/2014/12/what-is-

crm.html

5. Garg Ati and Chowhan Singh Sudhinder (2013). Customer

Relationship Management in Organise Retail Sector; GRA

– Global Research Analysis. 2(10). ISSN No 2277-8160


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