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CRM FOR THE SOLOIST

C-R-M stands for Customer Relationship Management. At its simplest, a CRM system allows businesses to manage business relationships and the data and information associated with them.

1.A management philosophy according to which a company’s goals can be best achieved through identification and satisfaction of the customers' stated and unstated needs and wants.
2.A computerized system for identifying, targeting, acquiring, and retaining the best mix of customers.

Customer relationship management helps in profiling prospects, understanding their needs, and in building relationships with them by providing the most suitable products and enhanced customer service. It integrates back and front office systems to create a database of customer contacts, purchases, and technical support, among other things. This database helps the company in presenting a unified face to its customers, and improve the quality of the relationship, while enabling customers to manage some information on their own.

Read more: http://www.businessdictionary.com/definition/customer-relationship-management-CRM.html#ixzz3Gm7899La

http://barnraisersllc.com/2012/06/21-experts-define-crm-words-pictures/

“The purpose of a business is to create and keep a customer.”

This succinct truth from Peter Drucker in The Practice of Management (1954) is a apt and insightful definition of CRM (Customer Relationship Management).

But a lot has changed. CRM now involves technology, software, inbound and outbound marketing, lead acquisition, databases, multiple touch points, multi-channel marketing, enterprise solutions and social media.

Here’s how 21 expert define CRM.

1. A way to identify, acquire, and retain customers, a business’ greatest asset. -Siebel
2. A widely implemented model for managing a company’s interactions with customers, clients, and sales prospects. – Wikepedia
3. An enterprisewide business strategy designed to optimize profitability, revenue and customer satisfaction by organizing the enterprise around customer segments, fostering customer-satisfying behaviors and linking processes from customers through suppliers - Gartner
4. An application used to automate sales and marketing functions and to manage sales and service activities in an organization. – Microsoft
5. A business strategy directed to understand, anticipate and respond to the needs of an enterprise’s current and potential customers in order to grow the relationship value. – CRM Forecast
6. A strategy used to learn more about customers’ needs and behaviors in order to develop stronger relationships with them. – CIO
7. An information industry term for methodologies, software, and usually Internet capabilities that help an enterprise manage customer relationships in an organized way. – Marios Alexandrou
8. A comprehensive business model for increasing revenues and profits by focusing on customers. – Martin Walsh
9. The belief that customers should feel like a VIP every time they communicate with your company. –  Jennifer Carnie, Customer Systems
10. A management philosophy according to which a company’s goals can be best achieved through identification and satisfaction of the customers’ stated and unstated needs and wants. - Business Dictionary (1 of 2) 
11. A computerized system for identifying, targeting, acquiring, and retaining the best mix of customers. – Business Dictionary (2 of 2)
12. A business process of understanding, collecting and managing all of the information in a business environment relating to a customer. The goal of CRM is to more effectively communicate with customers and improve customer relationships over time. - James Wong, Avidian Technologies
13. The processes, software, and systems that help an enterprise manage its relationships with prospects, customers, distribution channels, call centers, and suppliers. - Complete CRM Solution
14. A person you have dealings with on a professional basis. A relationship as how you interact with someone, your view of them, their view of you and how this affects the way you deal with each other. Being in control of your customer relationships, defining them, steering them in the direction you decide. – Bluesoft
15. A combination of software and a customized software process to help companies gain a competitive advantage in either sales, marketing or customer service. –MondoCRM
16. The aggregation of customer-centric strategies which drive new functional activity not only for sales, marketing and service, but often back office functions such as accounting, production, and shipping which demand reengineered work processes for everyone affected which require technology support to implement. – Unknown

CRM involves steps and stages that are sometimes better visualized. So, here are some ways the process of CRM is defined pictorially.