For Business Process & Applications Professionals (Length: 21 pages)

November 13, 2008 (updated November 17, 2008)

CRM 2.0: Fantasy Or Reality?

How Trail-Blazing Organizations Are Implementing Social Customer Strategies

by William Band

with Sharyn Leaver, Andrew Magarie

Executive Summary (This is a document excerpt)

The rise of Social Computing means that customer relationship management (CRM) professionals must find innovative new ways to cope with the emerging phenomenon of "social customers." Forrester talked with nine early-adopter companies and reviewed the social technology capabilities of six leading CRM solutions vendors to understand the business tactics and new technologies that CRM professionals are using to achieve the five objectives of social customer strategy: listening, talking, energizing, supporting, and embracing. Best practices for supporting next-generation customer management — CRM 2.0 — are rapidly emerging. In fact, leading-edge organizations are actively using social technologies to forge new and tighter relationships with their buyer communities, and social technologies are driving business results. Now is the time to take action to start gaining the practical experience you need to break out of old mindsets and grasp new opportunities. Those who wait to join in will find it increasingly hard to catch up.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemThe Stage Is Set For Next-Generation CRM Adoption

itemNew Customer Management Strategies Emerge

itemTechnology Vendors Get On Board With CRM 2.0

itemEarly Adopters Stretch Capabilities To Achieve Social Customer Objectives

itemListening

itemTalking

itemEnergizing

itemSupporting

itemEmbracing

recommendations

itemTake The CRM 2.0 Plunge

WHAT IT MEANS

itemCRM 2.0 Is Already Here

itemSupplemental Material

Forrester interviewed nine user companies that are working to grow their social CRM capabilities including Anderson Analytics, Canadian Tire Financial, Citrix Systems, Dell, Electronic Arts, KLM Airlines, Intercontinental Hotels Group, LucidEra, and Sheppard Mullin. We also reviewed the Social Computing capabilities of six leading CRM solutions: Microsoft Dynamics CRM, Oracle Siebel, Oracle CRM On Demand, RightNow CRM, salesforce, and SAP.

Related Research Documents

itemThe Forrester Wave™: Enterprise CRM Suites Q3, 2008

August 29, 2008

itemTopic Overview: Customer Relationship Management 2008

March 25, 2008

itemThe CRM 2.0 Imperative

March 10, 2008

Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.
Analyst: William Band
Technology: Customer Experience, Customer Relationship Management, Packaged Applications, Social Computing & Web 2.0
Industry: Airlines, Computer Hardware Industry, Computer Software Industry, Consumer Industries, Consumer Media & Entertainment, Consumer Packaged Goods, Consumer Packaged Goods Marketing, Consumer Retail & CPG, Consumer Travel, Gaming, High-Tech, Hotels & Lodging, Media & Entertainment, Professional Services, Retail, Travel, Travel Marketing
Geography: Asia Pacific, Europe, North America

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Ratings and Comments
Rating: 10 out of 10
based on 1 ratings across all roles.
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