A study of customer loyalty and the impact of an eCRM approach in a 5 star hotel environment

MBA Dissertation


Summary

The idea of the ever faithful and loyal customer is nothing new and from reviewing the extensive collection of articles, literature and books within this topic, it becomes very clear. When talking about the concepts it has been built and developed over hundreds of years which create a solid base and actually not much has changed over the years looking at it from a more philosophical perspective.

However, together with the “flattening of the world”, technological advancement, globalization, economic downfall, as well as lifestyle shifts and the ongoing culture-mix impact this will vastly affect both companies and customers, especially in and from the golden BRIC-countries. This mayor shift will forces the hospitality industry into change and fast. This means that hospitality will have to go outside the safe zone of tradition to learn and adapt new technologies, as well as find new understanding liaisons especially in the IT industry.

The main aim of this dissertation is to guide and assist 5-star hotels in constructing a solid and long-term holistic strategy towards their loyal customers and to develop a plan that can guide and assist the same in the implementation process of launching a holistic eCRM strategy that will prove mutually beneficial to the company and the customer, as well as strengthen all their global customer relationships.

A study of customer loyalty and the impact of an eCRM approach in a 5 star hotel environment

Table of Contents

1.Introduction
Customer loyalty and Customer SatisfactionRead more >>
Conclusion of the topic of customer loyaltyRead more >>
Strategy, Economics and profitability of loyaltyRead more >>
Globalization and the emerging marketsRead more >>
Brand LoyaltyRead more >>
Understanding the business relationshipRead more >>
Problem discussionRead more >>
Aims and ObjectivesRead more >>
Research questionsRead more >>
2.Literature review
Customer retentionRead more >>
CRM – Customer Retention ManagementRead more >>
3.The benefits of CRM
Customer informationRead more >>
4.Challenges and implications of CRMRead more >>
Metrics and measurements Read more >>
5.Web 2.0 and the relationship to CRMRead more >>
6. eCRMRead more >>
Customer touchpoints Read more >>
Social media Read more >>
Types of social media Read more >>
Publish Read more >>
Content is key Read more >>
Influencers – the new brand ambassadors Read more >>
7.Potential eCRM/ Web 2.0 functionalityRead more >>
Online communities and social networking sites Read more >>
Strengthening the relationship and trust Read more >>
Extended concierge service Read more >>
On-site merchandising like e-commerce and f-commerce Read more >>
Mobile and geo-location based services Read more >>
Customer service and recovery Read more >>
Last minute dealsRead more >>
The benefits of an eCRM program Read more >>
Customer interaction, engagement and participation Read more >>
Indirect benefits Read more >>
CKM – Customer Knowledge Management Read more >>
8.The challenges and implications of an eCRM implementationRead more >>
The link from eCRM to personal service on-siteRead more >>
Online channel cannibalismRead more >>
The organizational aspectRead more >>
The level of eCRM implementation and skill-setRead more >>
BrandingRead more >>
Segmentation and knowledge is keyRead more >>
Reputation monitoringRead more >>
Market intelligence data analysisRead more >>
9.Research methodologyRead more >>
ObjectivesRead more >>
Primary aim of the studyRead more >>
Secondary aim of the studyRead more >>
Research StrategyRead more >>
Validity and reliabilityRead more >>
Research methodology limitationsRead more >>
10.Analysis and discussion of findingsRead more >>
Analysis and discussion of literature reviewRead more >>
Analysis and discussion of Practical study of a 5-star hotel chain in AsiaRead more >>
Web 2.0 and social mediaRead more >>
11.ConclusionRead more >>
12.Recommendations for further researchRead more >>
13.ReferencesRead more >>