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What is Competitors Strategy

Strategies and Tools for Managing Connected Consumers
Companies consider the strategy of competitors because the buying pattern of the customers is reliant on the contrast, which customers make between the companies.
Published in Chapter:
Tools and Techniques Used for Customer Relationship Management: Review and Case Studies
Geeta Sachdeva (National Institute of Technology Kurukshetra, India)
Copyright: © 2020 |Pages: 20
DOI: 10.4018/978-1-5225-9697-4.ch014
Abstract
Continuing to fulfill the requirements and needs of today's customer is a perplexing job for all the corporations. There have been a number of strategies developed to engage with customers, but few considerations have been paid to string them together in generating well-developed relationships. For of this reason companies are moving towards customer relationship management (CRM) to execute reliable strategies in engaging with customers. CRM emphasizes aiding companies thoroughly to manage the procedures involved in upholding good relationships with customers. This chapter discussed various strategies and examined case studies that adopted different techniques to engage with customers.
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