December 2009

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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 (*****)

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October 02, 2009

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Comments

Bob Warfield

Ideas go through the same stages as people during a revolution. Denial is that first stage and we have plenty of that for Social CRM. There is no revolution, it's a not revolution. That's a good sign. It means the establishment feels challenged. Many want to hear the message that it doesn't matter and you can safely ignore it. That is a saleable message, and one we've seen for all the revolutions. But it just sets up the second stage. Anger when some have the temerity to show success while the establishment is still in denial. Anger that people just don't understand that the wool has been pulled over their eyes. I see that happening for Social CRM too.

Bargaining is the third stage, and is an interesting one. Bargaining is all about the constant dialog over whether Social CRM is really new, or just CRM done right with a few cheap pyrotechnics for hype value. Clearly we've got Bargaining already too.

Will we get Depression and then Acceptance?

If Social really is a much lower friction form of communication, it's coming, and it's coming sooner than anyone would expect. 5 years? Sounds too soon. 10 years? Sounds too long. But at some point, companies will start waking up depressed that their competitors did this and stole a march.

Great video series, Paul!

Cheers,

BW

Paul Greenberg

Hi Prem,
Thanks for the responses. I agree with you entirely that $3 million in Dell purchases is hardly a case study. Ultimately, whether for sales, marketing or customer service, Twitter is a channel - and only one - and while it has sex appeal at the moment, won't make or break any company whether the results are good or bad. I also think in general that its a lousy sales channel because not that much is going to be purchased with 140 characters of description or discussion. I also think that while there are exceptional customer service efforts being made using Twitter (Think Frank Eliason and @comcastcares), it is only one part of a set that has to be used to provide great customer service. Its not a surprise that Frank's @comcastcares rankings are huge and great while Comcast as a whole still sits near the bottom of many customer service surveys - though I think that Frank keeps them off the bottom.

As far as Paul Seaman goes, I agree with him that social media "just is" - its a set of tools that are neutral - meaning how you use them is how good or bad they are. Where I differ from him is his perception of the "not revolution." I don't think social media created a revolution - they provided a transmission belt for support of one though. The revolution was a social and cultural one - and it came in how we communicate, not how we do business. It was driven by the easy access to one and many that the social Web provides and by the ubiquity and commoditization of cell phones. We are now able to, via voice or text or online tools, communicate 24X7 in an untethered way with a nearly immediate response expected and, at least from peers, delivered more often than not. THAT is revolutionary because it revolutionizes how we converse and what we expect of all institutions and individuals. There is a fundamental cultural change embedded in that.

So while Paul Seaman is right about social media, I don't think he's right about the not-revolution. Its just a different one from a different place than he thought.

www.facebook.com/profile.php?id=798141029

Great collection Paul. :D For the first video, I would recommend this post as a rider/caveat: http://paulseaman.eu/2009/09/theres-no-social-media-revolution/

And Dell's $3 million via Twitter is, IMHO, not a case study: http://sfh.tumblr.com/post/201095191/dell-makes-0-0025-of-its-revenues-from-twitter

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