IT Strategy: Adopting New Tech, E-Business and CRM

By Rod Travers

PAGE 2

Implementing technology successfully is never just about technology. The effective integration of people, processes and technology will result in a measurable and sustainable, and thus successful, implementation. While bingo is fun, it’s not a game that should be applied to technology.

Rod Travers is senior vice president of technology at the Robert E. Nolan Co., a Dallas-based management consultancy that serves the banking, health-care and insurance industries.

E-Business Survival

By Jeremy Burton

To make it in today’s e-business economy, companies must adopt a new model. It’s not just about adjusting the business plan or setting up a Web store, because the fundamental rules have changed. Companies need to deploy a new means of attack to compete and win in the e-business economy.

Don’t Think Department. Think Company.

Assuming you know everything about your customer is a mistake. Most companies still house their customer information in separate silos. By default, this data is not exchanged across separate lines of business?from marketing, sales and customer service to accounts payable, HR, manufacturing and other back-office operations. To promote the idea of a single customer view and gain a three-dimensional, enterprisewide understanding of their customers, companies need to get beyond the confines of siloed departments. Marketing, sales and customer service departments must work as a team. After all, customer service has a significant relationship with customers. Wouldn’t it be ideal if sales was privy to the information collected by the customer service department? Otherwise, a potential sale could be thwarted by an existing service problem that is not properly addressed.

While businesses may have a history of customer transactions, that is not enough. To truly understand their customers, businesses need to see the whole customer picture, including feedback, problems and purchasing patterns. Only when companies see the whole picture can they build one-on-one relationships with their customers. Then, customer service can be leveraged to sell, up-sell and cross-sell when based on trust and personal relationships. The better a company serves its customers, the more trust it garners. The end result: Better relationships mean better sales.

Providing personalized service is key to finding and retaining those customers who will make your e-business efforts successful.

With a complete view of their customers, businesses can also add value to promotions, share knowledge and build communities.

Don’t Think Strategy. Think Tactics.

Strategy setting shouldn’t be a process that takes many months and many minds. To stay ahead of the changing market, the customers and the competition, companies need to spend less time planning the overall strategy and more time executing, testing and evaluating a marketing campaign. Companies should strive to easily change the course of any campaign based on customer feedback. The Web is one tool for doing so.


Loading...
Applications MarketSpace
Practical Approaches for Securing Web Applications
Enterprises understand the importance of securing web applications to protect critical corporate and customer data. What many don't understand, is how to implement a robust process for integrating security and risk management throughout the web application software development lifecycle. Learn more »
An Executive's Guide to Web Application Security
Since so many Web sites contain vulnerabilities, hackers can leverage a relatively simple exploit to gain access to a wealth of sensitive information, such as credit card data, social security numbers and health records. It's more important than ever to examine your Web application security, assess your vulnerability and take action to protect your business. Learn more »
Web Application Vulnerabilities
Security managers may work for midsize or large organizations; they may operate from anywhere on the globe. But inevitably, they share a common goal: to better manage the risks associated with their business infrastructure. Increasingly, Web application security plays a significant role in achieving that goal. Learn more »
Using ERP To Gain Competitive Advantage in a Tough Economy
For midsize enterprises, now is the perfect time to invest in a significant IT expansion - despite the economic climate. Learn more »
Why BI is Ripe For Businesses of Any Size
Oracle's range of offerings to mid-size and emerging companies reflects its vision that BI and EPM solutions can be embraced by companies of all sizes. Learn more »
Oracle Accelerate
Ovum has been following Oracle's Accelerate program over the last couple of years because they thought it is a smart strategy for penetrating the upper mid-market. Learn more »
The New Age of ERP
Not only can small and mid-sized companies reap the renowned ERP benefits of greater agility, increased business visibility and measurable ROI. Learn more »
 
SPONSORED LINKS
 

CRM Built for IT: The Executive Guide to Selecting CRM that Meets IT Needs

ROI of Application Delivery Controllers

White Paper: 4 Customer Service Myths

White Paper: Improve Agility with Operational Responsiveness

Removing the Barriers to IT Governance: How On-Demand Software Changes the Game

Cloud Computing--Latest Buzzword or a Glimpse of the Future?

A Balanced Approach to an Application Development Platform

Adobe® LiveCycle®solutions for intuitive user experience

10 Ways Excel Drives More Value from Your SAP Investment

What's New in SOA Suite 11g?

Unleash the Power of Java with Oracle JRockit Real Time

SOA Best Practices and Design Patterns

Application Grid: Ideal Platform for IT Consolidation

Ready to virtualize tier one applications? Check your virtualization maturity.

Learn how to provide complete Business Service Management.

Increase ROI of Your Application Portfolio

Return on Information: Google Enterprise Search pays you back. Get the facts.

VMware. The source for Business Infrastructure Virtualization.

ShoreTel tells businesses to untangle from competitors' complexity and turn to its brilliantly simple UC solution

See how AT&T can help protect your network.

Streamline IT Costs. Boost Performance with WAN Optimization.

Build your 1st app FREE with Force.com

TDWI checklist helps define data readiness for analytics. Download report.

eZine: A Roadmap to Reducing IT Complexity

Reduce risk, gain agility. See how Progress can help your business.

What's Next for Enterprise Resource Planning?

Gartner Magic Quadrant, Application Delivery Controllers 2009

White Paper: Managed Security for a Not-So-Secure World

SharePoint - Unchecked growth of content is unsustainable.

Focus Under Pressure: Why IT Governance Becomes Mission-Critical in a Down Economy

Should Your Email Live In The Cloud? A Comparative Cost Analysis

Adobe® LiveCycle® solutions for business process automation

Architecting Business Intelligence Applications for Change: The Open Solution

Increase UPS efficiency without sacrificing protection.

Unlocking the Mainframe: Modernizing Legacy System to SOA

State of the Data Integration Market

Enhance Customer Loyalty through Higher Responsiveness

Achieving Business Agility with Application Grid

Seven Ways ITIL Can Help You in an Economic Downturn

Four steps to populate your CMDB.

"Enterprise-Proven" is the Prerequisite for Enterprise SaaS Portal Solutions

AT&T Synaptic Storage as a Service. Expand on demand

Trend Micro ranked #1 against real-world malware. Read more.

Webinar: Jump-start your in-house e-discovery with Ringtail QuickCull from FTI Technology

Top Five CIO Challenges

Read the RSA report: Security for Business Innovation

64-page prescriptive guide to security, compliance, and IT operations.

A Clear View Toward Virtualization

Virtualization Technology as a Business Solution

The rules of infrastructure management just changed.

 
 
RESOURCE CENTER