Unlocking Customer Metrics: Revolutionizing Managerial Performance Evaluation
The article discusses customer relationship management (CRM) and how managers can use it to evaluate their firms' marketing performances. It explains the key concepts in CRM, like customer value and databases, and the steps needed to implement CRM strategies effectively. Technology plays a significant role in this process, helping managers generate customer metrics to measure performance. The article also lists common customer metrics used by managers and introduces analytical methodologies to maximize performance metrics.