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Social Business Goals

Posted by Matt Rajkowski on June 9, 2011 11:30 AM EDT
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Increase Productivity

Workers can find the information and people they need faster with social tools. Social tools also make internal information and business processes more visible, findable, and shareable, and makes it possible to see who knows what.

Find ways to compare your productivity levels to see if there is an increase.

Employee Engagement

Social Business Software helps your users collaborate and discuss online. Your workers will spend less time in e-mail and more time in collaborative interaction.

This goal can be measured by reviewing email volume and by periodically conducting employee satisfaction surveys and gaining feedback from the users of the system.

Innovation

Innovation can come from anyone and everyone.

Idea Management includes an idea submission area which can be used to discuss and track successful ideas. Use innovation wikis to collaborate further.

Improve Customer Experience

Productivity gains can also lead to an improved customer experience. Employees have greater access to answers and tools to track issues across departments. Compare your customer retention and satisfaction levels.

Social Engagement

Employees can build connections in an organization, busting through silos. Find out who the experts are in your organization.

Sales & Turnover

There are now consistently reported benefits of social for most organizations.

Use Social Business Software as a competitive advantage. After using Social Business Software, compare sales figures and sales generated per employee.

References:

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Updated Blog Roll for Some Weekend CRM Reading

Posted by Michael Harvey on April 11, 2008 3:45 AM EDT
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In the office this week we were discussing some of our favorite websites and we decided to update our blog roll to include some of them to share them with you.  I do my best to keep up with them as much as possible, but the ones we're adding now are especially relevant and very informative to the readers of this site.  We think you'll find the focus of these blogs very relevant to your top priority - your customers as well as the technology aspects you utilize for business. 

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Adding Personalized Value with CRM Software

Posted by Michael Harvey on March 25, 2008 5:15 PM EDT
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In a recent piece for Destination CRM on the benefits of personalization within marketing, Marshall Lager wrote that “personalization provides marketing communications with the means to deliver real value to customers”. Lager cites recent research suggesting that although CMOs understand this potential value of personalized marketing a majority are having troubles putting it into practice.

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David Sims ran an insightful article in TMCnet a few weeks ago, discussing why "Firing customers is a bad idea". Sims cites a study from the Wharton school that disproves the common, and in my opinion incorrect, philosophy of shedding your less valuable customers to increase profitability.

Many of the business-minded CRM professionals will argue that low spending customers take up too much time and effort to make up for the smaller percentage of profit they bring in, in comparison to the high spending customers, which take up the same amount of resources but return much more. The argument is that getting rid of the less profitable customers provides more time and resources for the more profitable ones.

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Want to grow your business? Think beyond the sale

Posted by Michael Harvey on March 18, 2008 7:30 PM EDT
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The other day I was speaking to a small business owner. They told me that using Concourse Suite was helping them manage sales leads, and I was asking them about the steps beyond the sale and how they were using the CRM and other capabilities, and what processes they had introduced.


"Beyond the sale? We're just looking to grow," was the response. I was stunned.

I'm not undermining the importance of the sale. Nothing happens until someone sells something, that's business. But good businesses looks beyond the sale and to a longer-term relationship. Relationships should be a top concern for any business that wants to grow. It doesn't matter if you have 10 employees or 10,000.

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Connecting Franchises: The Extended Enterprise

Posted by Michael Harvey on February 22, 2008 8:15 AM EST
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In conjunction with a recent piece of Concursive news, today I wanted to talk about franchise operations to discuss the importance CRM solutions can make in connecting such "extended enterprise." It is no secret that a franchise company's brand and reputation among its customers can often be measured in the sum, strength, and consistency of messaging throughout its stores.
Yet relying on each individual franchise to implement a solution consistently is probably unrealistic.

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