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