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Recommended CRM Readings

  • C. K. Prahalad: The Future of Competition: Co-Creating Unique Value with Customers

    C. K. Prahalad: The Future of Competition: Co-Creating Unique Value with Customers
    This is great stuff on co-creation of value. Take this book, mix it with The Experience Economy, a dash of CRM at the Speed of Light and the future is ours, man!!! (*****)

  • B. Joseph Pine II & James Gilmore: The Experience Economy

    B. Joseph Pine II & James Gilmore: The Experience Economy
    This is a groundbreaker, folks. One that you should be reading right now. Go. Shoo. Go get it now. It is affecting you as you read this, whether or not you know that. Seminal work on what has been a transition to a new type of economy. (*****)

  • Christopher Locke, Doc Searls, David Weinberger, Rick Levine: The Cluetrain Manifesto

    Christopher Locke, Doc Searls, David Weinberger, Rick Levine: The Cluetrain Manifesto
    If this book didn't spend so much time proclaiming its manifesto and explained it a little more, it would be a disruptive innovation unto itself. It is a powerful and often metaphorically lovely book about the new customer a few years before that customer even knew it was what the cluetrain crew train said it was. A great book but strident as hell. This was a more important book than many realize it was. Or is. (****)

  • Naras Eechambadi: High Performance Marketing

    Naras Eechambadi: High Performance Marketing
    If marketing is something you do, then this book is something you read. Not only does this dynamic book look at marketing in a contemporary fashion - with the customer at the center - but it also helps you figure out how to (finally!) measure your activities and results. A genuinely refreshing brace of business thinking in a field that needs it. (*****)

  • Shoshana Zuboff: The Support Economy

    Shoshana Zuboff: The Support Economy
    This is a revolutionary book. I love this book (partially because it validates everything I say :-)) because it recognizes that the "enterprise logic" of managerial capitalism is no longer sufficient to interest a consumer who is trying to control his/her own value. There's so much more.... (*****)

  • James G. Barnes: Secrets of Customer Relationship Management: Its How You Make Them Feel

    James G. Barnes: Secrets of Customer Relationship Management: Its How You Make Them Feel
    This is a you gotta read, read. Jim is a board member of CRMGuru, has won numerous academic honors, is a real world CRM consultant, runs marathons, and can write up a storm. He thinks out of the box and then provides approaches to how you can. This book is undegoing updating but is well worth it as is. Get it. Now. What are you waiting for? Hurry up!! (*****)

  • Jill Dyche: The CRM Handbook

    Jill Dyche: The CRM Handbook
    The ultimate guide to implementation of CRM. This book is about as practical as it gets. Just lays it right out and boom, you should have an idea of what you have to consider when it comes to CRM. (*****)

  • Paul Greenberg: CRM at the Speed of Light

    Paul Greenberg: CRM at the Speed of Light
    This is the best book on CRM EVER written. So I say. And it is written by me and so I pass judgment on myself. (*****)

  • Donna Fluss: The Real-Time Contact Center

    Donna Fluss: The Real-Time Contact Center
    As Donna points out, this is an ironic title. All contact centers are already "real-time." None the less this is both cutting edge and definitive and reading it is a must (*****)

« Oracle? Oracle? ORACLE? | Main | Microsoft Convergence - Some Right Stuff - Wrong Convergence »

March 08, 2008

I Shall BE Re-leee-sed - as Has the Siebel CRM on Demand Release 15 Embargo

Its 8AM, there's no one in the place, 'cept my baby and me......Okay, wait, wrong thing about 8:00am. Its 8:00am and its March 11 and the embargo on the Oracle new release (number 15) of Siebel CRM on Demand and a bit of their mobile apps is now OH-VER.

So I'm gonna talk about it.

I have to temper this with the fact that I haven't seen any of this in the production environment I have to that would allow me to give it a definitive stamp. But what I HEARD was exciting and if working well, might even vault Oracle to the head of the CRM 2.0 pack. But again, I haven't SEEN it yet so please read on with that caveat in mind.

The big deal is that Siebel CRM on Demand Release 15, officially released today is a dramatic leap forward in the vendors drive toward Social CRM or CRM 2.0 - whichever you'd rather call it (or something else....). It incorporates what I have been talking about for the last two years - the operational (more traditional) CRM functionality with the social functionality - but social functionality that actually has value to business - and the customer. It isn't just there for the sake of coolness which is something that I can't say for others in the realm. This seems to be something the Oracle/Siebel/PeopleSoft CRM cabal at Redwood Shores has really thought through and, if it is all that it seems to be, would have something to be pretty excited about.

What makes this new version so apparently compelling is that it incorporates the social components exceptionally well - and with an eye toward improving the relationships between companies and customers. And, if you absorb the bigger picture into your cortex, it does something that I love - incorporates the customer into the value chain while respecting the customer's personal value chain.

What do I mean? Well, for example, you can collaborate by establishing a "friendship" between internal employees via the use of social profiles along the lines of something like Facebook would do - for example, sales person to sales person. This, as with other social applications, allows you to reveal whatever it is in your profile that you want to reveal to that salesperson buddy you've developed. That means for example, becoming part of the "sticky note social network" that gives all friends tied to it access to updated information. AND, update it once from the source and everyone is updated simultaneously.

But what makes this even more intriguing is that you can "befriend" your contacts at the accounts that you own as a salesperson!! The workflow associated with this social application is so strong that you can trigger actions based on changes to the contact profile. One example used on the conference call last week was if your contact moved to another company, you could be alerted to the change in his profile and the contact could be reassigned based on the delivered alert.

Now, I don't think you can poke that contact, flirt with that contact, throw Britney or sheep at that contact or rate the hotness of the contact, but the business value is potentially huge.

But its not just the social networking that drives this new version of Siebel On Demand. The use of social media and Web 2.0 tools is more extensive than any other major CRM vendor so far, though salesforce.com and SAP are coming up fast as are some smaller vendor like Zoho.

Anthony Lye characterized it as "composite media types are parameterized in the application." To translate, that means you can embed RSS feeds, widgets, and rich media (e.g. YouTube videos) directly into the account page so that appropriate, specific information related to your account is available in context as opposed to the more typical approach that we've seen in the less evolved CRM applications - RSS feeds on the home page of the single sign in user - which is good but not nearly as good as this feature is.

Its funny. Despite the historic weakness of past versions Oracle CRM and the historic strengths of Siebel CRM and of the original Siebel CRM on Demand - Upshot, it was Oracle CRM, not Siebel that was the one of the first to start adding features that were end user, rather than just management, focused. That came with their Oracle CRM sales force automation quoting system - features that, back in 2004, were designed to appeal to the end user. All in all, they are carrying out that good part of their tradition and incorporating that characteristic - end user focus - into applications that have been technically outstanding, feature rich, but not terribly user focused.

Even more interesting is the context sensitivity that seems to be inherently a part of release 15. The widgets a.k.a. desktop gadgets usage can be based on roles, specifically relevant information, and they are authenticated against the CRM system passwords.

Now to add more end user fuel to the Social CRM fire, Oracle is also announcing the release of the Blackberry-compatible Oracle Mobile Sales Assistant. Probably the key to this one is to think about the merger of CRM and a personal information manager (PIM) that can be accessed offline as well as online. Maps can provide you with directions to your clients, salesdude, and salespeople can exchange information with each other. The most frequently viewed and/or most recent items are cached so that they can be seen even when disconnected. There is single click access to account information, customer contact information, appointments. Communication is through email, phone, SMS and IM. In other words, lots of functionality aimed at end users and collaboration on that little device.

All in all this is a breakthrough for Oracle, if it all works as well as it sounds. While I'm going to hold my final judgment until I see it for real, I think that this could be an important step for Social CRM in the vendor world and customers should at least take heed and look at it.

Never in a million years did I think that I would be saying that about Oracle.

Never.

But I am.

If you get a chance, check out my bud, Denis Pombriant's discussion on this on his blog Beagle Blog. Its not out yet. Its going to run on CRM Buyer too. Just think, "Deuce Coupe."

Also, check out datasheets for the products if you're interested. But remember, datasheets are marketing collateral.

Data Sheet Siebel CRM On Demand Data Sheet for Oracle Mobile Sales Assistant

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Comments

This space is indeed opening up more and more and it makes sense to tie in social networks with professions (like sales) that rely on (offline) social networks to drive business. In addition to Oracle there are a few other good sites that are moving in the same direction, such as OctopusCity.com for example, which is tying in their free CRM / contact manager with their business network in addition to offering lots of other free business services.

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