Importance of CRM in Today’s World
Customer relationship management (CRM) is all of the activities, strategies, and technologies that companies use to manage their communications with their existing and potential customers. A saying regularly heard and said in many companies is “customer is always king.” CRM helps businesses build a relationship with their customers that, in turn, creates loyalty and customer holding. Since customer loyalty and revenue are both major points that affect a company’s revenue. In this article, we will discuss the importance of CRM. As a result, CRM is a management strategy that results in increased profits for organizations and companies.