Assignment title: Information
Written Assignment 2 – Customer Relationship Management: Customer Satisfaction,
Customer Loyalty and Firm Profitability
The ultimate goal of any organization is goal attainment utilizing efficient and effective
programs and processes. Customer relationship management is a vital component to firm
success. Essentially, they key to success for any organization is to identify, attain, satisfy and
retain customers that contribute to their bottom line. Inevitably, this takes place in a competitive
environment.
Based on the readings for this week, respond to the following questions:
1. How can an effective Customer Relationship Management program be used to identify,
retain, satisfy and retain customers?
2. Customer satisfaction is closely related to customer loyalty and customer retention. How
might an organization improve customer satisfaction in order to build greater customer
loyalty? What does it mean to say that an organization is customer-centric?
3. What has been your experience with customer loyalty? For example, based on your
experience are customers today more or less loyal than they have been in the past? What
factors contribute to customer loyalty? Give an example of customer loyalty or
alternatively situations where customers have demonstrated very little loyalty.
Papers should be four to five pages in length, double-spaced. Times New Roman font. Use
headers to separate major themes or topics. Respond fully. Give examples