International Journal of Research in Finance and Marketing
  • Year: 2015
  • Volume: 5
  • Issue: 4

Ways and means to establish CRM in Pharmaceutical Company

  • Author:
  • Ganesh Pandit Pathak1, Sarang Shankar Bhola2
  • Total Page Count: 12
  • Page Number: 152 to 163

1Assistant Professor, Rajiv Gandhi Business School, Tathawade, Pune, Maharashtra-411033

2Associate Professor, Karmaveer Bhaurao Patil Institute of Management Studies and Research, Satara, Maharashtra-415 001

Online published on 11 December, 2015.

Abstract

Trends like Electronic Commerce drive the need for a more customer-centric view; with this the introduction of healthcare portals brings revolution in CRM in the pharmaceutical industry. The major benefit of healthcare portals for pharmaceutical companies will arise from the possibility of direct interaction with end-consumers and patients, which will offer a better analysis of customer needs and their transformation into the development of individualized products. Present paper deals with study of existing CRM Practices and to find out ways and means to establish CRM in pharmaceutical industry. Researcher analyzed different practices used in pharmaceutical industry to develop CRM in pharmaceutical industry through review of literature and discussions with the stakeholder. After the data analysis it is found that in pharmaceutical business outcomes are depend on the relationship so researcher has develop model which helps to know the ways and means to establish relationship in pharmaceutical industry.

Keywords

CRM (Customer Relationship Management), Pharmaceutical Company, Stakeholders, Medical Representative, Medical Practitioners