In
today’s competitive business environment companies
are constantly facing the challenge of losing market share.
It is becoming more intense especially with high market
saturation that has led to indistinctive product differentiation.
Advertisment alone is simply not enough to maintain competitiveness.
Hence, more companies are emphasizing on customer relationship
management (CRM) aiming to build a stable yet long term
relationship with their customers.
Furthermore, customers are more well informed and demanding
today thanks to the availability of information via Internet.
They demand highly personalized products and services that
cater to their needs. It is therefore crucial for companies
to be more customer centric by capturing such information
in order to customize their products and services offerings
that meet such demand.