E-Commerce News: Strategy

CRM for Financial Services, Part 1: Unmet Potential
November 06, 2009

The chastening effect of the recession has many financial services firms taking a cautious view of future CRM investments. One reason is that these firms are husbanding their resources. Another is a growing awareness that investments in CRM by the financial sector have not been all that successful.

Black Swans and Blue Birds
November 04, 2009

I just finished reading The Black Swan, a book that has been on my list since it came out in 2007, and I highly recommend it, though it is not easy reading. There is a great deal of set up before you get to the whole point of the book in the last 50 pages. The Black Swan is about uncertainty in the real world, and the subtitle explains it all: "The Impact of the Highly Improbable."

Social CRM: Size Matters
November 03, 2009

There's no longer any debate about whether social media's going to have a huge impact on CRM. Social media's a little different than the usual emerging business technology, mostly because it didn't begin as a business technology. It started with consumers -- and how they use it varies dramatically.

Sales Forecasting and Say's Law
October 21, 2009

I have been studying sales forecasting and forecasting tools a lot recently, and I have come to the conclusion that we need better tools as well as better ways of using them. There is a lot that can be said about forecasting, its current state and how to improve it, and I don't want to leave anything out but I will try to be brief. First off, how we forecast says a lot about our views on economics.

Oracle Fusion in Context
October 20, 2009

With the introduction of Fusion applications, Oracle has joined the cloud community. You might want to argue that the company has been involved in the cloud for many years as one of the key technology underpinnings of many of the biggest SaaS companies. That was one of Larry Ellison's big points at the Churchill Club.

CRM + BPM: Raising the Customer Experience Bar
October 16, 2009

For decades, organizations have been dealing with the challenges of driving more effective customer service. Traditional CRM solutions have focused on presenting consolidated customer information, but they still rely heavily on employees to resolve customer issues. This means that the customer's experience can vary greatly depending on the manual processes and efficiency of the staff at any given organization.

The Salesforce Cloud
October 14, 2009

In the continuing discussion of cloud computing, Salesforce.com occupies a unique place. While most cloud vendors have kept to one component of cloud computing, Salesforce has inserted itself into all areas, and the company is using its flagship CRM applications as its first case example.

Shortage, Abundance and Synthetic Relationships
October 07, 2009

As luck would have it, I knew nothing about Larry Ellison's rant at the Churchill Club on Sept. 21 about cloud computing when I wrote last week's piece on cloud computing. I saw it on YouTube. You have to admit that Larry is a heck of a showman, and the video is fun to watch.

Motherhood, Apple Pie and Demodularization
September 23, 2009

Modularity is next to motherhood, hot dogs and apple pie in the pantheon of unarguably good things. However, for every rule there are exceptions, and in technology, at least, we may have entered the age of demodularization. For the moment, hot dogs and all the rest are safe, at least at my house.

Funny, Beautiful Symmetry
September 09, 2009

There is a lot of unspoken information in last week's announcements by Sage and Salesforce.com about their respective contact managers. Each is creating a disruptive innovation that affects the other, and the symmetry of these dual and dueling announcements is frankly beautiful in a funny way.

Customer Experience vs. Service-Product
September 02, 2009

Last week, I made the suggestion that we have overdone our reliance on customer experience as a customer intimacy tool -- something that I stand by. The idea of customer experience looms large, and there is no denying its power as a theme in CRM. But if our interpretation of customer experience is off the mark, as I think it is, then what is the right approach?

Customer Experience and the Magna Carta
August 26, 2009

Last week I was doing some research for a speech, and I remembered something from a weekend stint at a cooking school that I decided to run down. I was trying to make a point about customer experience when it occurred to me that the idea has ancient roots. Hospitality law is a body of law that deals with the hotel and restaurant industry.

The Appointment Principle
August 19, 2009

Beagle Research did some market research earlier this year that we are now announcing. The project aimed to understand some of the nuances involving scheduling appointments for services and walking in. What we discovered was in some cases reassuring and in others surprising, and I present some of our findings here.

Sales Evolution in a High-Risk Economy
August 18, 2009

These days it's hard to have a conversation that doesn't eventually roll around to the state of THE ECONOMY. What's amazing is that, at this point, no one needs to use adjectives when they refer to THE ECONOMY. We've stopped bothering with words like "bad," "down" or "tough." We all know how things are, and we all know that we don't have a lot of control over when things are going to get better.

Main Street Meets the Cloud
August 12, 2009

Late on a summer morning recently I got a call from my wife saying "On Point," a public radio program, was doing a show on about cloud computing. "Isn't that what you write about?" she said. "You should listen or call in." Well, I tried, and all the lines were jammed, but I was able to make a comment on the Web site. It was a funny show in some respects, though short on laughs.

40 Years After
July 22, 2009

What a summer for remembrances. Forty years ago, a couple of people landed on the moon, and a half-million of them landed on Max Yasgur's farm in upstate New York for the Woodstock festival. That might sound like ancient history, but of course without the space program, who knows where the technology industry would be today.