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Segmenting Markets by Means of CRMs: An Application to Restaurants
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Author(s): Carmen De Pablos Heredero (Business Administration, Social Sciences Faculty, Rey Juan Carlos University, Madrid, Spain)and Cristina Gallego-Gómez (Social Sciences Faculty, Rey Juan Carlos University, Madrid, Spain)
Copyright: 2016
Volume: 8
Issue: 1
Pages: 12
Source title:
International Journal of Web Portals (IJWP)
DOI: 10.4018/IJWP.2016010101
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Abstract
Customer Relationship Management Systems, CRM, are technological assets that can help firms to develop the required managerial skills to promote an efficient market segmentation strategy. In this article an example of an outstanding application of Customer Relationship Management system CRM, to the restaurant industry is offered. The VIPs group has developed through time a group of organizational routines that have helped the firm to reach success in the implementation and use of this tool. Therefore, a follow-up of the strategy followed with the CRM system in the period from 2011-2016 has been performed in this article. By properly using this technology, the company has been able to identify opportunities and threads in the market where it operates. This analysis has enabled the firm to develop mass-customized strategies facing its real and potential customers. This case proofs good practices in the use of CRMs in the restaurant industry. The case provided has become a referent in this field.
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