Abstract

By utilizing IT, CRM makes relationship marketing feasible for different customers. The CRM technical architecture is continuously improved for efficient interactions with customers and customer behavior data collection. But customer data collection is not enough in an always changing global society. Market success is established according to innovative activities undertaken. Innovation possibilities are difficult to be discovered and applied by internal resources only. Therefore, companies are forced to work together with external partners, active consumers known as prosumers, for rapid added value and market knowledge. After proposing a new Prosumer-oriented Relationship Management (PoRM) for an open innovation value co-creation approach, the authors are now developing a general PoRM architecture for a corporate strategic advantage.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.