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ASSIGNMENT 1 FRONT SHEETQualification BTEC Level 5 HND Diploma in BusinessUnit number and title Unit 11: Research ProjectSubmission date 27/9/2021 Date Received 1st submissionRe-submission Date Date Received 2nd submissionStudent Name Nguyen Thai Bao Student ID GBHClass GBH0906 Assessor name Hoang T...

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ASSIGNMENT 1 FRONT SHEET Qualification

BTEC Level 5 HND Diploma in Business

Unit number and title

Unit 11: Research Project

Submission date

27/9/2021

Date Received 1st submission

Re-submission Date

Date Received 2nd submission

Student Name

Nguyen Thai Bao

Student ID

GBH200086

Class

GBH0906

Assessor name

Hoang Thi Lan Anh

Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that making a false declaration is a form of malpractice. Student’s signature Grading grid P1

P2

M1

Thai Bao

 Summative Feedback:

Grade:

 Resubmission Feedback:

Assessor Signature:

Internal Verifier’s Comments:

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Date:

Research Proposal Form Section 1: Title, Objective and Responsibilities Title or working title of research project How Customer Relationship Management (CRM) systems influence organizational reputation.

Research project objective The primary goal of my research is to get an understanding of the problems and the effect of customer relationship management systems on corporate reputation. This project will assist companies in identifying solutions and techniques for using customer relationship management systems (CRM) efficiently in order to retain a good reputation in the market.

Responsibilities When it came to this project, the ethical responsibility of the study paper was the most essential obligation to take. In this research project, I hereby commit and guarantee that all of the information obtained from the survey and applied for research purposes is fully accurate and agreed upon by the respondents. The individuals I invite have the option of agreeing or declining to participate in the survey questions I have asked. Apart from that, all personal information gathered from researchers and participants in the study project will remain strictly private and will only be utilized for academic reasons.

Section 2: Reason for choosing this research project The rationale for choosing this subject is because many businesses do not make effective use of customer relationship management solutions. Customer service has always been a crucial component of any company's operations. Having positive client connections will assist the company in expanding its operations and in maintaining not just its place in the business, but also its reputation, which may

attract the attention of consumers from rivals. In order to become one of the most well-known companies, a firm must develop a customer relationship management system (CRM) that includes all of the information about each client and allows it to develop various strategies to approach different groups of consumers. This will result in increased client satisfaction, which will assist the company in achieving the aforementioned goals. However, in this 4.0, approaching 5.0 era, not many companies have an effective customer relationship management system, or they may underestimate the critical role that this system plays in their operations. As a consequence, I would want to do study on this subject, which will assist organizations, particularly small businesses and entrepreneurs, in understanding how an effective customer relationship management system may assist them in building a good reputation.

Section 3: Literature sources searched Definition of Customer Relationship Management CRM needs an organizational strategy at all levels of the company and across all departments, including marketing, production, and customer service, which necessitates direct and indirect interaction with consumers, and therefore needs businesses to pay special attention (Abdavi, et al., 2018). While there is no universally accepted definition of CRM, there is agreement that it is concerned with the coordination of customer strategies and business procedures in order to achieve long-term goals associated with customer satisfaction and loyalty and to increase business effectiveness in a way that ensures long-term relationships with customers and great value for both parties (Pohludka & Štverková, 2019). CRM can be defined as a method or mechanism of action for an organization to achieve its strategic goals by visualizing its management philosophy in terms of current and potential customer relationships (Siddiqi, et al., 2018) . It can also be defined as a collection of practices, strategies, and techniques used by business organizations to collect, manage, broaden, and analyze customer information via a variety of channels. CRM is defined by the researcher as a strategy aimed at establishing long-term relationships with customers through the use of mechanisms and techniques that aid in the collection, analysis, and utilization of customer information in order to increase

consumer satisfaction, loyalty, retention, and also to enhance organizational reputation while lowering costs (Munyoro & Nyereyemhuka, 2019).

Criteria to assess the effectiveness of CRM systems According to the studies of Al-Tai and Al-Amidi (2017), Msgoni et al. (2018) and Hamid (2015), the researcher relied on four aspects to assess the variable CRM, which are as follows.

Interaction with Customer As a series of activities between the organization and the customer to acquire knowledge and transform it into products that meet customer needs and expectations (Hamid, 2015), organizations should prioritize a positive interaction with the customer through procedure simplification, clarity and transparency in transactions and contracts, as well as in the positive reception of customers and other interactive actions that have a positive impact on their relationship (Msgoni, et al., 2018).

Knowledge of Customer Interaction with customers and the activation of knowledge management procedures across organizations are essential for organizations. In order to analyze the needs, certain tools can be used to access the data required by the organization and then store, classify and sort it, such as the number of visits, times, customer characteristics, type of products, and other data that aids in customer categorization, and other data that assists in customer categorization (Al-Tai & al-Amidi, 2017). As a result, the organization's understanding of consumers allows it to recognize customer requirements, expectations, and aspirations and turn them into products and services in order to maintain current customers and attract new ones (Hamid, 2015).

Value of Customer Customer added value is the goal of any organization, regardless of the industry or sector to which they belong. This can be accomplished by providing outstanding services and developing strong customer relationships that are characterized by a high degree of credibility and trust (Msgoni, et al., 2018). As a result, customers are more likely to use services that add value to the organization's

products, such as on-demand manufacturing and product follow-up webpages, increasing the likelihood that the organization will retain customers (Al-Tai & al-Amidi, 2017). The value of the customer is the difference between the value of the customer's acquisition of the product and the benefit of owning and using the product; therefore, the total value is equal to the sum of the product benefit, the benefit of after-sales service, the benefit of the shape of the final product, and the benefit of personal benefit, in addition to the value of the customer (Hamid, 2015).

Satisfaction of Customer Customers' happiness with an organization is related to its tangible performance if and only if the organization's tangible performance meets the expectations of the customer up to the point of satisfaction (Hamid, 2015). It is the pleasure of customers shown via gestures or motions such as a grin that creates a sense of contentment, and it is the key to the success and greatness of businesses. Customer pleasure leads to customer loyalty, which may be accomplished by hiring a specialized staff to manage customer interactions strategically, resulting in the development and maintenance of a long-term connection with customers (Msgoni, et al., 2018).

Impacts of CRM on organizational performance Financial performance In a journal article published in 2006, Ang and Buttle reported an increase in financial performance in a business that used CRM software using a variable satisfaction scale. According to their sample businesses, the service industry is the dominating sector that benefits the most from CRM adoption compared to the other sectors. Despite the fact that there are no statistically significant differences in satisfaction with the impact of CRM deployment on ROI (Return on Investment) between service and non-service businesses, both benefited from it. According to the findings of the research, businesses that use intelligent CRM software may see an increase in their overall business performance. In further detail, this research discovered that almost 40% of businesses in Australia had previously used CRM software to assist their company, but that the software was not precisely the same for three different objectives, namely acquisition, retention, and development of customers. Additionally, this research discovered that customer retention, when used as a CRM proxy, performs significantly better in terms

of increasing firm value and company performance than the results of alternative strategies, such as margin improvement, customer acquisition cost reduction, as well as adjustments to the discount rate or cost of capital. Following that, the findings demonstrate that, by properly using CRM software, a company's return on investment (ROI) as a measure of financial success may be increased. CRM has the potential to have a major impact on financial success (Ang & Buttle, 2006).

Marketing performance According to the findings of the journal of Namjoyan (2013), customer relationship management (CRM) effectively affects marketing performance substantially. CRM implementation requires data collection for customer categorization in order to determine sales opportunities and sustain relationships with customers while also encouraging them to become brand ambassadors. This approach takes into account data about consumer requirements and aspires to offer customers with more attractive products and services. Those organizations who adopt and adhere to this model will be able to respond to the requirements and wants of consumers in the shortest amount of time while also providing the finest service to them. CRM modeling initiatives are being undertaken to assist workers in understanding all of the requirements and desires of customers. It is possible to utilize customer relationship management techniques to gather valuable customer information that can be used to enhance the performance of a company. Because conventional marketing methods for improving client retention are expensive, best practices in customer relationship management (CRM) provide a potential alternative for firms seeking to address this important issue. Periodic evaluation of a company's customer relationship management system (CRM) may assist managers in tracking developments over time (Namjoyan, 2013). In addition to being used in the monitoring process, all three components of the CRM model may be used to meet training requirements by assisting human resource managers in the development of suitable training programs. Its goal is to aid in the improvement of staff knowledge of the actions involved in adopting CRM, allowing top management to make the best business strategy decision possible. Not only that, but the results of this research revealed that knowledge management has a substantial impact on marketing performance. As a conclusion, CRM installation has shown that it has a substantial impact on marketing performance (Mohamad, 2014).

Operational performance The author of a study - Acker - which examines customer relationship management and operational performance (2011). Companies do not need to develop a sophisticated and integrated CRM system from the outset; it is nevertheless helpful as a form of business intelligence, according to the experts. Integrated CRM elements may have a major impact on operational performance for a long-term investment till it reached the maturity level (Acker, 2011). According to Jain and Petel (2016)'s study, the effect of online CRM practices on a company's productivity and customer retention was examined. As a consequence of this investigation, the connection between CRM and productivity as well as client retention has been discovered. Customer Relationship Management (CRM) is defined as the practice of analyzing and utilizing marketing databases, as well as the utilization of communication technologies, to determine corporate practices and methods, in order to maximize the lifetime value of each individual customer, according to this research. Conventional communication processes are frequently delayed in time; however, electronic customer relationship management (e-CRM) allows organizations to always operate in real time, and more than that, interactions with customers are transparent, allowing organizations to draw conclusions about customer behavior and measure the success of activities as a result of their efforts (Jain & Petel, 2016).

Definition of Organizational Reputation Organizational Reputation (OR) is a collection of features and characteristics that have been assigned to the organization as a result of activities and actions that they have undertaken. It represents a market perception of the organization's strategic character, as well as a cumulative judgment of members of the public over time about the organization, and it also represents a collective assessment of the organization's attractiveness by a variety of stakeholders (Esther & Nonyelum, 2017). Because reputation assessment is based on direct stakeholder experiences with the organization, as well as any form of communication that provides information about the organization's actions in comparison to other leading companies, communication must be open on effective communication behaviors as well as effective relationship management that contributes to the organization's positive reputation, as well

as effective relationship management that enhances the organization's positive reputation (Lee & Park, 2013). Organizational Reputation (OR) is considered to be one of the most important intangible resources of an organization, where good reputation encourages trust and loyalty in the brand, as well as the development of long-lasting relationships with stakeholders, as well as the ability of the organization to attract qualified personnel, as reputation is formed over a long period of time and is dependent on the behavior of the organization's members and the quality of its products (Krzakiewicz & Cyfert, 2015).

Dimensions to measure Organizational Reputation In their paper, Croucher et al. (2019) highlighted the most important aspects of OR in three points: The organization should be well-known across the whole community; The organization's reputation should be based on something particular, which means that the organization's qualities should be recognized by stakeholders, such as the reputation for delivering excellent services, being environmentally responsible, and generating money for investors, among other things; The public good, which relates to stakeholder evaluations of an organization's public reputation, both positive and bad, is defined as follows (Croucher, et al., 2019). As a result, the researcher used three dimensions to evaluate the OR in this study, following the model developed by Sontaite and Kristensen (Sontaite & Kristensen, 2009).

Ingenuity and creativity In addition to the introduction of new goods and services that are unfamiliar to consumers, or the addition of new characteristics to existing goods and services, through the implementation of new ideas (Abdul Rahim, 2014) , innovation also refers to the introduction of new things in unconventional ways, such as through new technologies (Havina, 2009). Innovation may be described as the process of putting new ideas into action and applying them in a practical manner, as well as finding new methods to carry out various tasks, regardless of how tough the task may seem at the time (Bolton & Thompson, 2004).

Quality of Service

Because the selection of products has become a more diverse and extensive process, organizations are working to improve and develop the services they provide in order to be distinctive and have characteristics at a high level in order to attract customers to their products, with the higher the customer perception of the organization's quality of services, the greater the degree of customer satisfaction with the organization (AL-Fatlawi, 2017). The achievement of a level of customer satisfaction as a consequence of the organization's provision of a service that meets the expectations, requirements, and wishes of its customers is represented by the term "quality of servic e" (AL-Zalmi, 2016).

Social responsibility A social duty is the obligation that an organization has towards its society and other stakeholders, which it bears via the choices and actions it takes in order to accomplish its objectives (AL-Zalmi, 2016). Through the implementation of activities that go beyond compliance with the law and respond to changing expectations and needs of society, organizations and society are entering into an implicit social contract. As a result, organizations must include this in their overall strategies and values, as well as work to achieve the greatest possible balance among stakeholders (Nasser & Abdul-Hussain, 2018). A person's social duty may be divided into four categories: economic, legal, moral, and voluntary (humanitarian) obligation (Dora, et al., 2018).

Section 4: Activities and Timescales Milestone one: Topic Research Target date (Set by tutor): 17th September, 2021 Milestone two: Proposal preparation and planning Target date (Set by tutor): 20th September, 2021 Milestone three: Literature Review

Target date (Set by tutor): 27th September, 2021 Milestone four: Data collection Target date (Set by tutor): October, 2021 Milestone five: Data analysis Target date (Set by tutor): October, 2021 Milestone six: Complete project Target date (Set by tutor): 27th October, 2021

Section 5: Research approach and methodologies Quantitative data Quantitative research is employed. Its primary purpose is to create numerical data or data that may be used to develop statistics. It uses quantifiable data to generate facts and identify patterns in study. Quantitative data collecting methods include surveys (online, print, mobile, and kiosk surveys, among others), face-to-face interviews, phone interviews, longitudinal studies, website interceptors, online polls, and systematic observations. After determining that the marketer's research questions will generate qualitative data, the next step is to choose the appropriate qualitative approach. The methodology chosen will take into account the study's aim, the researcher's role, the data obtained, the data processing approach, and how the results will be presented (Kabir, 2016).

Methodology A survey is described as "the process of collecting data from a group of people by asking them questions and recording their answers" (Check & Schutt, 2012). A survey is now a widely used word to describe a method of collecting data from a representative sample of people. Surveys typically target a broad variety of objectives and participants to fit the survey's aim. Social media, the Internet, and face-

to-face communication techniques are all options for conducting surveys. When i...