Assistant Professor, Delhi University, India
Online published on 7 June, 2014.
In the current regime of mounting competition it is witnessed that more and more corporate entities are in the urge to build enduring relationships with its customers which is possible only by a well designed customer relationship management strategy. Such steps are carried out by the companies, as it has become obligatory to grow in order to be able to participate in the world of globalized business. This form of strategy enables the company in keeping its customers delighted rather than satisfied, which can induce customer loyalty. In this light, this conceptual paper discusses the need and importance for cultivating a Fool Proof ‘Right Customer Experience Strategy’ where customer is treated as the king also due care should be taken to manage such relationships because if it is damaged once it is difficult to repair.
Customer relationship management, Relationship management, customer centric environment, delighted customers