The
crucial differences between CRM (Customer Relationship Management) and CXM (Customer Experience Management) approaches are:
1. NATURE
CRM is about
gathering and processing data about the relationship
with the Customers.
CXM is
about the experience the Customers get as the result of this relationship.
2. CONTROL
CRM
controls Customer interactions.
CXM controls
responsibility, logic, and emotion to the Customer.
3. FOCUS
CRM is
focused on the relationship.
CXM is
focused on relationship’s effects.
4. GOALS
CRM is aimed at the Customers’ satisfaction.
CXM is
aimed at positive emotions and the Customers’ long-term remembrance.
5. MEASUREMENT
CRM measures
o-data (operational
data).
CXM measures x-data (experience data) and big-data.
6. forecasting time-frame
CRM is about short-term planning (quarterly, half-yearly, yearly…)
CXM is about
long-term revenues.
7. INTERACTIONS
CRM interacts
with target Customers.
CXM interacts with Customers on personalized level.
8. VALUES
CRM is
based on Customer's value.
CXM is based on a sense
that the Customer gets.
9. THINKING
MODE
CRM
thinks as inside-out (company > Customer).
CXM
thinks as outside-in (Customer > company).
10. EVALUATION
CRM
evaluates the effectiveness of
interactions by analyzing o-data.
CXM
evaluates the relevance of interactions
by analyzing x-data and big-data.
#10SimpleTips #Howto #CustomerCentricity #CXBestPractices #CustomerExperience #CXReview #CXM #CEM #CRM #Boardroom #Marketing #Measurements #odata #xdata #bigdata
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