Definition

Customer relationship management

Customer relationship management is the overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction.

Customer relationship management is perhaps the most important concept of modern marketing. Some marketers define it narrowly as a customer data management activity (a practice called CRM.)

Most marketers, however, give the concept of customer relationship management a broader meaning. In this broader sense, customer relationship management is the overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction. It deals with all aspects of acquiring, keeping and growing customers.


Customer relationship management is a holistic process of identifying, attracting, differentiating, and retaining customers. As it relates to e-business, it uses digital processes and integrates customer information collected at every customer touch point.

Share it:  Cite

More from this Section

  • Leased lines
    Leased lines refer to those telephone lines that are leased to organizations for its exclusive ...
  • Asset management systems
    Asset management systems maintain an inventory of the company’s long-term assets and ...
  • Magnetic tape
    Magnetic tape is popular secondary storage device, primarily used for storing historical ...
  • Value-added networks (VANs)
    Value-added networks (VANs) refer to the public data networks that add value to basic ...
  • Sustainable competitive advantage
    Sustainable competitive advantage is a competitive advantage that is sustainable normally ...