Customer Relationship Management in Banking and Insurance – SYBBI Syllabus

Customer Relationship Management in Banking and Insurance – SYBBI Syllabus

Modules at a Glance

SR.NO

Module

1 Introduction to Customer Relationship Management (CRM)
2 Customer relationship management(CRM)-emerging dimensions
3 CRM – A Cost – Benefit Analysis
4 Customer Care Management

Customer Relationship Management in Banking and Insurance – Syllabus Overview

SR.NO

Module

1 Introduction to Customer Relationship Management (CRM)

Historical Perspective of CRM , meaning, definition, purpose

and significance, factors responsible for the growth of CRM,

winning Markets through effective CRM

Advantages / Benefits of CRM

Relationship marketing– concept, purpose, value creation in

Business

Measuring the effectiveness of relationship marketing

CRM cycle and CRM programmes

2 Customer relationship management(CRM)-emerging dimensions

Customer retention management

Reasons for Customer Switching

Need for Customer Retention

Customer Retention Strategies

Customer Complaint Management Strategy

Service Recovery Strategy

Managing Customer Waiting Strategy

Levels of retention strategy

  1. Financial Bonds
  2. Social Bonds
  3. Customised Bonds
  4. Structural Bonds

Retail Management

Personalisation Strategies

Differential Strategies

3 CRM – Cost – Benefit Analysis

A. CRM Benefits

a)To the organization

b)To the customer

B. CRM Costs

a)To the organization

b)To the customer

C. Building customer loyalty in Business to Business

Customer Centric Organizational Structure

Four essential steps

a)Communal Coordination

b)Serial Coordination

c)Symbiotic Coordination

d)Integral Coordination

4 Customer Care Management

Customer Service Representative

Customer Care Software

Customer Service Applications

Customer Facilities

Multimedia Contact Centre

Electronic Point of Sale

Winning strategies and processes for effective CRM in Banking

and Insurance

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