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1. Introduction
2. Organisation profile
3. Job description
5.
ACKNOWLEDGEMENT
INTRODUCTION
Before we begin to examine the conceptual foundations of
CRM, it will be useful to define, what is CRM? A narrow perspective
of customer relationship management is database marketing
emphasizing the promotional aspects of marketing linked to
database efforts. Another narrow, yet relevant, viewpoint is to
consider CRM only as customer retention in which a variety
of after marketing tactics is used for customer bonding or staying
in touch after the sale is made. Shani and Chalasani define
relationship marketing as “an integrated effort to identify,
maintain, and build up a network with individuals’ consumers and
to continuously strengthen the network for mutual benefit of both
sides, through interactive, individualized and value-added contacts
over a period of time”. The core theme of all CRM and relationship
marketing perspectives is its focus on co-operative and
collaborative relationships between the firm and its customers,
and or other marketing actors.
Definition: -
“CRM is concerned with creating improved shareholder value
through the use of customer centric business processes
and the development of appropriate relationships with
consumers.”
Implementing CRM:
CRM requires an integration of a firm's resources;
people, operations and marketing capabilities to deliver added
value to the customers. CRM should provide businesses and
organizations with a ‘single view’ of their customers and across
irrespective of the interactive channel or medium through which
the customer accesses the service or product. For example, a
business (e.g. hotel) customer’s profile and personal references
should be accessible to the business (or hotel) irrespective of
channel i.e. whether the customer books online, calls in or
walks into any location should not make a difference to the
service provided based on the personal profile of the business
client.
It is enabled through:
➢ Information
➢ Processes
➢ Technology
➢ Applications
ORGANISATION pROFILE
Reliance Fresh is the retail chain division of Reliance
Industries of India which is headed by Mukesh Ambani. Reliance
has entered into this segment by opening new retail stores into
almost every metropolitan and regional area of India. The (Reliance
Fresh) store is for everyone... Prices are affordable for everyone,”
The first Reliance fresh store was opened in Hyderabad in
November 2006. Reliance Fresh outlets are in Bangalore, Chennai,
New Delhi, Gurgaon, Faridabad, Hyderabad, Jaipur, Mumbai,
Madurai, Cochin, Trichur, Calicut, Chandigarh, and Ludhiana. The
Reliance Fresh supermarket chain is RIL’s Rs 25,000 crore venture
and it plans to add more stores.
Reliance Fresh stocks fresh fruits and vegetables, staples,
fast moving consumer goods and dairy products. The stores are
already selling over1,000 tonnes of fresh produce daily and also 250
categories of commodities. The company is approaching farmers
directly for the procurement of produce, seeking to reduce the 40%
wastage that occurs through the traditional supply chain. Besides,
the stores provide direct employment to 5 lakh young Indians and
indirect job opportunities to a million people, according to the
company. The company also has plans to train students and
housewives in customer care and quality services for part-time
jobs.
The Reliance Fresh stores are convenience stores with
an area of about 1000 to 4000 sq ft. In Reliance Fresh stores, the
commodities are classified into various categories like Staples,
Fruits and Vegetables, Dairy, Processed Foods (PF), Food and
Beverages, House ware, Personal Care etc. Few stores have apparel
section also which has very low-priced range and good quality
clothes. The Reliance Group, founded by Dhirubhai H. Ambani
(1932-2002), is India's largest private sector enterprise, with
businesses in the energy and materials value chain. Group's annual
revenues are in excess of US$ 66 billion. The flagship company,
Reliance Industries Limited, is a Fortune Global 500 company and
is the largest private sector company in India. Backward vertical
integration has been the cornerstone of the evolution and growth
of Reliance. Starting with textiles in the late seventies, Reliance
pursued a strategy of backward vertical integration - in polyester,
fibre intermediates, plastics, petrochemicals, petroleum refining
and oil and gas exploration and production - to be fully integrated
along the materials and energy value chain. The Group’s activities
span exploration and production of oil and gas, petroleum refining
and marketing, petrochemicals (polyester, Fiber intermediates,
plastics and chemicals), textiles, retail, in hotel and special
economic zones. Reliance enjoys global leadership in its businesses,
being the largest polyester yarn and Fiber producer in the world
and among the top five to ten producers in the world in major
petrochemical products. Major Group Companies are Reliance
Industries Limited, including its subsidiaries and Reliance
Industrial Infrastructure Limited.
Employees 23
Area served India
Contact details 18008910001
Website https://relianceretail.com/
Working hours 6am to 10pm
Competitive Advantage:
Business sustainability:
Employee engagement:
Vision:
• To be our clients’ first call and preferred collaboration partner
within our advisory expertise areas
• To consistently exceed our clients’ expectations for
professional and value-adding advice Our objective is long-
standing and trustful client relationships created via excellent
advice andservice1.3.2 Mission Reliance’s
mission:
• To provide the best and most value-adding advice within our
advisory expertise areas.
• To be an independent sparring-partner and to provide
excellent advice for our clients within our advisory expertise
areas Reliance’s activities shall be of benefit for both our
clients – first and foremost – and for our collaboration
partners and employees
Values:
1. Customer Value:
• Demonstrate a Proactive “Customer First” and a
“Customer Delight” mind-set consistently.
• Act at all times to ensure Reliance remains the first
choice for customers.
2. Ownership Mindset:
• Priorities & always align work keeping the larger
purpose of the corporation in mind.
• Operate with a personal stake &an ownership mindset
&’Play to win.
3. Respect:
• Individually & collectively conduct oneself with respect
and humanity
• Express oneself honestly but without disrespecting the
sentiment of others.
4. One Team:
• Team Reliance comes before me, always and every time.
• Collaborate seamlessly, seeking & offering help as “One
Team, One Vision”.
• Accountability for one’s own action & also that of team.
5. Excellence:
• Excellence in everything we think, say &do.
• Hold each other accountable to delivering excellence
Competitors:
Dmart
VISHAL MEGA MART
Royal mart
Shopsy Hypermarket
SWOC analysis:
STRENGTH: -
1. Practical Relevance:
Reliance Retail is a major player in the retail industry, making
the study practically relevant to a significant business entity.
Understanding and addressing challenges at Reliance Retail can
have broader implications for the retail sector as a whole.
2. Customer-Centric Focus:
The emphasis on customer satisfaction underscores the
importance of prioritizing the needs and preferences of consumers.
This focus aligns with contemporary business strategies that
recognize the pivotal role of customer satisfaction in achieving
long-term success.
3. Real-World Application:
The study addresses real-world challenges faced by a specific
company, providing insights that can be directly applied to improve
business operations. This practical orientation enhances the study's
applicability and usefulness for industry professionals.
WEAKNESS: -
1. Limited Information Availability:
Getting detailed and accurate information about Reliance Retail's
specific strategies and challenges might be challenging. The
company may not disclose all details due to competitive reasons or
confidentiality.
5. Time Constraints:
Conducting a comprehensive study takes time, and during the
research period, new challenges and solutions may emerge. The
study might not capture the most up-to-date information.
6. Potential Bias:
Depending on the information source, there may be a bias in the
data, whether from the company's perspective or the researcher's
interpretation. This bias could affect the objectivity of the study.
Challenges:
1. Supply Chain Disruptions:
Addressing issues in the supply chain to ensure products are readily
available for customers.
2. Technology Integration:
Implementing user-friendly technology for smoother transactions
and improved customer experience.
3. Employee Training:
Providing comprehensive training to staff for better product
knowledge and customer service.
4. Competitive Pricing:
Strategizing to offer competitive prices compared to other retailers
in the market.
OPPORTUNITY
1. E-commerce Expansion:
Capitalizing on the growing trend of online shopping by expanding
and improving the e-commerce platform.
2. Technology Partnerships:
Collaborating with tech companies to enhance digital infrastructure
and customer facing technologies.
3. Diversification:
Exploring new product categories or services to broaden the
customer base.
4. Sustainability Initiatives:
Responding to the increasing demand for sustainable products and
practices.
5. Global Expansion:
Considering opportunities for international market penetration and
global brand presence.
ChApTER 3
Customer Attendance:
• Developed a keen sense of awareness to ensure prompt
acknowledgment of customer presence.
• Implemented a proactive approach, offering assistance and
guidance to customers navigating the store.
• Participated in training sessions focused on refining customer
engagement skills.
Customer Approach:
• Implemented a customer-centric mindset by prioritizing
individual customer needs.
• Participated in role-playing scenarios to simulate various
customer interactions and challenges.
• Applied techniques to build rapport and establish a positive
emotional connection with customers.
Internal Marketing:
• Contributed to in-store promotional activities, including
setting up displays and distributing promotional materials.
• Engaged in cross-functional collaboration to ensure consistent
messaging across different departments.
Suggesting:
• Acquired in-depth knowledge of product offerings to make
informed suggestions to customers.
• Practiced suggestive selling techniques to enhance the overall
shopping experience.
Observing Workforce:
• Actively observed and learned from experienced colleagues
regarding effective customer interactions.
• Participated in team meetings to discuss best practices and
share insights for continuous improvement.
RESEARCh METhODOLOGy
Research methodology:
Research methodology refers to the systematic process of
planning, conducting, and analysing research. It is a structured
framework within which the research is conducted. The primary
purpose of research methodology is to provide a clear and
organized plan for researchers to follow, ensuring that their studies
are valid, reliable, and capable of producing meaningful results.
RESEARCH DESIGN:
Employ a mixed-methods approach, combining qualitative
and quantitative research methodologies. Conduct in-depth
interviews with management and staff, and gather quantitative
data through surveys and customer feedback analysis.
PRIMARY DATA:
Conduct structured interviews with Reliance Retail executives
and staff members involved in CRM implementation. Administer
surveys to customers to gather feedback on their experiences.
SECONDARY DATA:
Secondary data is a type of data that has been already collected
or existing data that Review existing reports, and documents
related to CRM strategies, technologies, and industry best practices.
INTERNAL DATA:
Internal data is collected from company website “RELIANCE
RETAIL LTD.” Information from company website applications and
mobile site data. And also through the company’s magazines and
articles.
EXTERNAL DATA:
external data is collected from various online journals
available online.
RESEARCH OBJECTIVE:
• Optimization of CRM Strategies:
To identify and evaluate the strengths and weaknesses
of Reliance Retail's existing CRM strategies, providing actionable
recommendations for the optimization and improvement of
customer relationship management approaches.
• Competitive Advantage:
To gain insights into market trends and opportunities,
providing a foundation for strategies that give Reliance Retail a
competitive advantage, helping the company to stay ahead of
competitors and maintain or strengthen its market position.