Who is Killing CRM?
David Burrows and Juliet Williams
Customer Relationship Management (CRM) appears in rude health with projections that worldwide expenditure on CRM software will increase from $7.9 to $16.8 billion (1). Look beyond these confident projections though, and the patient's health does not look so robust. A recent report on retail financial institutions, which are among the leading investors in CRM technology, delicately states 'CRM at many financial services firms often reflects a leap of faith or reaction to competitors rather than a reasoned strategy' (2). Multimillionpound investments made on a leap of faith are unlikely...