Building a company's positional advantage based on CRM capabilities and marketing intelligence towards marketing performance

https://doi.org/10.31295/ijbem.v4n3.1765

Authors

  • Umar Chadhiq Universitas Wahid Hasyim, Semarang, Indonesia
  • Nanang Yusroni Universitas Wahid Hasyim, Semarang, Indonesia

Keywords:

company, CRM, data, excellence, marketing, performance, publication review

Abstract

This economic study aimed to build a positional advantage based on CRM capabilities and marketing intelligence to improve marketing performance. We chose secondary data studies to answer the above issues by searching for data and documents from several economics and marketing publications on customer satisfaction. The sources of articles that we focus on are well-known publications such as the Elsevier journal, Google Books, sage pub, Taylor & France, and other sources of websites that have been published over the past ten years. Our data and information are analyzed to understand the coding system, evaluation, and in-depth interpretation until we find valid and reliable data findings. We may infer from the presentation of the data results that utilizing CRM to create a business edge can provide advantages for sales, marketing, service, and other company operations. CRM may also assist businesses in sharing data, improving customer interactions and support, and lowering expenses to improve company earnings.

Downloads

Download data is not yet available.

References

Aghazadeh, H. (2015). Strategic marketing management: Achieving superior business performance through intelligent marketing strategy. Procedia-Social and Behavioral Sciences, 207, 125-134.

Ahmad, A. (2015). Business intelligence for sustainable competitive advantage. In Sustaining competitive advantage via business intelligence, knowledge management, and system dynamics. Emerald Group Publishing Limited.

Ali, B. J., Bakar, R., & Omar, W. A. W. (2016). The Critical Success Factors of Accounting Information System (AIS) And It’s Impact on Organisational Performance of Jordanian Commercial Banks. International Journal of Economics, Commerce and Management, 4(4), 658-677.

Alipour, M., & hallaj Mohammadi, M. (2011). The effect of customer relationship management (CRM) on achieving competitive advantage of manufacturing tractor. Global Journal of Management and Business Research, 11(5).

Amaldoss, W., & He, C. (2010). Product variety, informative advertising, and price competition. Journal of Marketing Research, 47(1), 146-156.

Ardyan, E., & Sugiyarti, G. (2018). The influence of e-CRM capability and co-information sharing activity on product competitiveness and marketing performance of small and medium-sized enterprises. International Journal of Electronic Customer Relationship Management, 11(2), 158-178.

Armstrong, C. E. (2013). Competence or flexibility? Survival and growth implications of competitive strategy preferences among small US businesses. Journal of Strategy and Management.

Bahn, S., & Weatherill, P. (2013). Qualitative social research: a risky business when it comes to collecting ‘sensitive’data. Qualitative research, 13(1), 19-35.

Baran, Z. (2011). Citizen Islam: The future of Muslim integration in the West. A&C Black.

Barretina, J., Caponigro, G., Stransky, N., Venkatesan, K., Margolin, A. A., Kim, S., ... & Garraway, L. A. (2012). The Cancer Cell Line Encyclopedia enables predictive modelling of anticancer drug sensitivity. Nature, 483(7391), 603-607.

Booth, P. (2014). An introduction to human-computer interaction (psychology revivals). Psychology Press.

Bowonder, B., Dambal, A., Kumar, S., & Shirodkar, A. (2010). Innovation strategies for creating competitive advantage. Research-technology management, 53(3), 19-32.

Bulin, D., Muresan, M. L., & Gheorghe, G. (2020). Testing Correlations on Tourism Competitiveness in the EU. Global Economic Observer, 8(2), 38-48.

Burke, B. (2016). Gamify: How gamification motivates people to do extraordinary things. Routledge.

Chang, H., Ittner, C. D., & Paz, M. T. (2014). The multiple roles of the finance organization: Determinants, effectiveness, and the moderating influence of information system integration. Journal of Management Accounting Research, 26(2), 1-32.

Cho, D. W., Lee, Y. H., Ahn, S. H., & Hwang, M. K. (2012). A framework for measuring the performance of service supply chain management. Computers & Industrial Engineering, 62(3), 801-818.

Christian, O. S. (2020). Competitive advantage and organisational performance in selected firms. International Research Journal of Management, IT and Social Sciences, 7(5), 1-12.

Christofi, M., Nunes, M., Peng, G. C., & Lin, A. (2013). Towards ERP success in SMEs through business process review prior to implementation. Journal of Systems and Information Technology.

Coltman, T. (2007). Why build a customer relationship management capability?. The Journal of Strategic Information Systems, 16(3), 301-320. https://doi.org/10.1016/j.jsis.2007.05.001

Coltman, T., Devinney, T. M., & Midgley, D. F. (2011). Customer relationship management and firm performance. Journal of Information Technology, 26(3), 205-219.

Cummins, J., & Mullin, R. (2010). Sales promotion: How to create, implement and integrate campaigns that really work. Kogan Page Publishers.

Dam, P., Mandal, S., Mondal, R., Sadat, A., Chowdhury, S. R., & Mandal, A. K. (2020). COVID-19: Impact on transport and mental health. Journal of Transport & Health, 19, 100969.

Dekoulou, P., & Trivellas, P. (2014). Learning Organization in Greek Advertising and Media Industry: A way to face crisis and gain sustainable competitive advantage. Procedia-Social and Behavioral Sciences, 148, 338-347.

Elena, C. A. (2016). Social media–a strategy in developing customer relationship management. Procedia Economics and Finance, 39, 785-790.

Gatuhu, R. N. (2013). The effect of credit management on the financial performance of microfinance institutions in Kenya (Doctoral dissertation, University of Nairobi,).

Gustafsson, A., Kristensson, P., & Witell, L. (2012). Customer co?creation in service innovation: a matter of communication?. Journal of service management.

Hallikainen, H., Savimäki, E., & Laukkanen, T. (2020). Fostering B2B sales with customer big data analytics. Industrial Marketing Management, 86, 90-98. https://doi.org/10.1016/j.indmarman.2019.12.005

Henningsen, S., Heuke, R., & Clement, M. (2011). Determinants of advertising effectiveness: The development of an international advertising elasticity database and a meta-analysis. Business Research, 4(2), 193-239.

Ho, K. L. P., Nguyen, C. N., Adhikari, R., Miles, M. P., & Bonney, L. (2019). Leveraging innovation knowledge management to create positional advantage in agricultural value chains. Journal of Innovation & Knowledge, 4(2), 115-123. https://doi.org/10.1016/j.jik.2017.08.001

Hughes, D. E., Le Bon, J., & Malshe, A. (2012). The marketing–sales interface at the interface: creating market-based capabilities through organizational synergy. Journal of Personal Selling & Sales Management, 32(1), 57-72.

Hung, S. Y., Hung, W. H., Tsai, C. A., & Jiang, S. C. (2010). Critical factors of hospital adoption on CRM system: Organizational and information system perspectives. Decision support systems, 48(4), 592-603. https://doi.org/10.1016/j.dss.2009.11.009

IMD, W. (2020). IMD World Digital Competitiveness Ranking 2020..

Keramat, B., Kalantari, K. M., & Arvin, M. J. (2010). Effects of methyl jasmonate treatment on alleviation of cadmium damages in soybean. Journal of plant nutrition, 33(7), 1016-1025.

Khan, A. A., Jamwal, S., & Sepehri, M. M. (2010). Applying data mining to customer churn prediction in an internet service provider. International Journal of Computer Applications, 9(7), 8-14.

Kumar, D. (2016). Enterprise growth strategy: vision, planning and execution. CRC Press.

Levy, B. (2014). Working with the grain: Integrating governance and growth in development strategies. Oxford University Press.

Lovelock, C., & Patterson, P. (2015). Services marketing. Pearson Australia.

Majeed, S. (2011). The impact of competitive advantage on organizational performance. European Journal of Business and Management, 3(4), 191-196.

McCann, J., & Selsky, J. W. (2012). Mastering turbulence: The essential capabilities of agile and resilient individuals, teams and organizations. John Wiley & Sons.

Mithas, S., Tafti, A., & Mitchell, W. (2013). How a firm's competitive environment and digital strategic posture influence digital business strategy. MIS quarterly, 511-536.

Mohammed, A. A., & Rashid, B. (2012). Customer Relationship Management (CRM) in Hotel Industry: A framework proposal on the relationship among CRM dimensions, Marketing Capabilities, and Hotel performance. International Review of Management and Marketing, 2(4), 220.

Myers, M. D. (2019). Qualitative research in business and management. Sage.

NUGRAHA, M. S., LIOW, R., & EVLY, F. (2021). The Identification of Online Strategy Learning Results While Students Learn from Home During the Disruption of the COVID-19 Pandemic in Indonesia. Journal of Contemporary Issues in Business and Government, 27(2), 1950-1956.

Oakland, J. S. (2014). Total quality management and operational excellence.

Obi, T., & Iwasaki, N. (2015). A Decade of World E-Government Rankings (Vol. 7). Ios Press.

Oladepo, O. E. (2017). Developing Digital Strategy For Improvement Of Customer Relationship Management: Case: Halonen Brothers Oy.

Oliva, R., & Watson, N. (2011). Cross-functional alignment in supply chain planning: A case study of sales and operations planning. Journal of Operations Management, 29(5), 434-448. https://doi.org/10.1016/j.jom.2010.11.012

Parveen, F., Jaafar, N. I., & Ainin, S. (2015). Social media usage and organizational performance: Reflections of Malaysian social media managers. Telematics and informatics, 32(1), 67-78. https://doi.org/10.1016/j.tele.2014.03.001

Prabowo, T. S., Noermijati, N., & Irawanto, D. W. (2018). The influence of transformational leadership and work motivation on employee performance mediated by job satisfaction. Jurnal Aplikasi Manajemen, 16(1), 171-178.

Prieto, I. M., & Revilla, E. (2006). Learning capability and business performance: a non?financial and financial assessment. The learning organization.

Saffer, D. (2010). Designing for interaction: creating innovative applications and devices. New Riders.

Sajid, S. I. (2016). Social media and its role in marketing.

Sota, S., Chaudhry, H., & Srivastava, M. K. (2020). Customer relationship management research in hospitality industry: a review and classification. Journal of Hospitality Marketing & Management, 29(1), 39-64.

Springall, A. K. (2017). Does ASEAN need a Supranational Approach to Its Competition Law and Policy to Create a Highly Competitive AEC? Case Studies on Abuse of Dominance in Singapore and Thailand (Doctoral dissertation, University of Essex).

Teece, D. J. (2010). Business models, business strategy and innovation. Long range planning, 43(2-3), 172-194. https://doi.org/10.1016/j.lrp.2009.07.003

Udriyah, U., Tham, J., & Azam, S. (2019). The effects of market orientation and innovation on competitive advantage and business performance of textile SMEs. Management Science Letters, 9(9), 1419-1428.

Varadarajan, R. (2020). Customer information resources advantage, marketing strategy and business performance: A market resources based view. Industrial Marketing Management, 89, 89-97. https://doi.org/10.1016/j.indmarman.2020.03.003

Varajão, J., & Cruz-Cunha, M. M. (2016). Main motivations for CRM adoption by large Portuguese companies–a Principal Component Analysis. Procedia Computer Science, 100, 1269-1279. https://doi.org/10.1016/j.procs.2016.09.165

Verhoef, P. C., Venkatesan, R., McAlister, L., Malthouse, E. C., Krafft, M., & Ganesan, S. (2010). CRM in data-rich multichannel retailing environments: a review and future research directions. Journal of interactive marketing, 24(2), 121-137. https://doi.org/10.1016/j.intmar.2010.02.009

Wahyuni, P., & Lestari, P. N. E. (2020). Application of Web-Based Customer Relationship Management in Marketing Information System: PT. BPR Bali Dananiaga. International Research Journal of Management, IT and Social Sciences, 7(4), 43-47.

WANASIDA, A. S., BERNARTO, I., SUDIBJO, N., & PURWANTO, A. (2021). The Role of Business Capabilities in Supporting Organization Agility and Performance During the COVID-19 Pandemic: An Empirical Study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(5), 897-911.

Wang, Y., & Feng, H. (2012). Customer relationship management capabilities: Measurement, antecedents and consequences. Management Decision.

Wang, Z., & Kim, H. G. (2017). Can social media marketing improve customer relationship capabilities and firm performance? Dynamic capability perspective. Journal of Interactive Marketing, 39, 15-26. https://doi.org/10.1016/j.intmar.2017.02.004

Wang, Z., Aguilar, E. G., Luna, J. I., Dunai, C., Khuat, L. T., Le, C. T., ... & Monjazeb, A. M. (2019). Paradoxical effects of obesity on T cell function during tumor progression and PD-1 checkpoint blockade. Nature medicine, 25(1), 141-151.

Weng, W. (2020). On Pursuing Competitive Strategy: The Effect of Marketing Intelligence Capability (No. 2640). EasyChair.

Published

2021-09-24

How to Cite

Chadhiq, U., & Yusroni, N. (2021). Building a company’s positional advantage based on CRM capabilities and marketing intelligence towards marketing performance. International Journal of Business, Economics & Management, 4(3), 469-476. https://doi.org/10.31295/ijbem.v4n3.1765