ĐẠI HỌC QUỐC GIA HÀ NỘI KHOA QUẢN TRỊ VÀ KINH DOANH --------------------- PHAN TÙNG APPLICATION OF CUSTOMER RELATIONSHIP MANAGEMENT IN VIETNAMESE TRADING SMES ỨNG DỤNG QUẢN TRỊ QUAN HỆ KHÁCH HÀNG TRONG DOANH NGHIỆP THƢƠNG MẠI VỪA VÀ NHỎ TẠI VIỆT NAM LUẬN VĂN THẠC SĨ QUẢN TRỊ KINH DOANH HÀ NỘI - 2018 TIEU LUAN MOI download : skknchat@gmail.com ĐẠI HỌC QUỐC GIA HÀ NỘI KHOA QUẢN TRỊ VÀ KINH DOANH --------------------- PHAN TÙNG APPLICATION OF CUSTOMER RELATIONSHIP MANAGEMENT IN VIETNAMESE TRADING SMES ỨNG DỤNG QUẢN TRỊ QUAN HỆ KHÁCH HÀNG TRONG DOANH NGHIỆP THƢƠNG MẠI VỪA VÀ NHỎ TẠI VIỆT NAM Chuyên ngành: Quản trị kinh doanh Mã số: 60 34 01 02 LUẬN VĂN THẠC SĨ QUẢN TRỊ KINH DOANH NGƢỜI HƢỚNG DẪN KHOA HỌC: TS. NGÔ VI DŨNG Hà Nội - 2018 TIEU LUAN MOI download : skknchat@gmail.com STATEMENT The author confirms that the research outcome in the thesis is the result of author‘s independent work during study and research period and it is not yet published in other‘s research and article. The other‘s research result and documentation (extraction, table, figure, formula,and other document) used in the thesis are cited properly and the permission (if required) is given. The author is responsible in front of the Thesis Assessment Committee, Hanoi School of Business, and the laws for above-mentioned declaration.
Phan Tung TIEU LUAN MOI download : skknchat@gmail.com ACKNOWLEDGEMENT First and foremost, I would like to express my sincere gratitude to my supervisor, PhDDr. NGO VI DUNG, at the Hanoi School of Business and Management (HSB), Vietnam National University (VNU) for his detailed guidances and valued advices. Without his guidance and persistent help this thesis would not have been completed. I would like to express my great thank to all my colleagues and friends for their warmly support during my thesis.
My special thanks come to DNS management and staffs for all encourages and supports during the whole my MBA course. Last but not least, I would like to express my deeply thank to my wife, my children, family members and friends. They were the one that are always beside me and supporting me during all the process. Phan Tung TIEU LUAN MOI download : skknchat@gmail.com ABSTRACT This paper aimed to identify the key antecedentsof CRM application and barrier factors that Vietnam SMEs faced when implementing CRM and provide some suggestions to improving the stated process.
Based on qualitatitive research using focus group discussion method and quantitative survey analysis as supplementation, we found that there are 6 key antecedents of CRM application as follow: (1) Relationship Marketing, (2) Knowledge Management, (3) Motivation of Innovation, (4) Technological Resources, (5) Human Resource Development, (6) Change Management; and 5 key barrier factors that have negative impact to Vietnam SMEs‘ CRM implementation process as follow: (1) Changing Business Culture and Cross functional interaction, (2) Lacks of Customer Knowledge Management Ability, (3) Lacks of new processes and standards, (4) Lacks of skillful Human Resources and, (5) Information Security Threats. Furthermore, the key antecedents of CRM implementation in Vietnam SMEs are Relationship Marketing, Knowledge Management, Change Management, Human Resource Development, Technological Resources and Motivation of Innovation. Implications for top managements of Vietnam SMEs for improving CRM implementation and future research were also suggested. TIEU LUAN MOI download : skknchat@gmail.com TABLE OF CONTENTS ABBREVIATION.
iii Formatted: Font: No underline, Font color: Auto, Not Expanded by / Condensed by LIST OF TABLE. iiiiii Formatted: Space Before: 0 pt, Line LIST OF FIGURES.5 lines CHAPTER 1: INTRODUCTION. Subject and Scope of Research. Structure of the thesis .336 CHAPTER 2: THEORETICAL BACKGROUND.558 Formatted: Space Before: 0 pt, Line spacing: 1.
Definition of CRM and its conceptualization problems. Benefits or objectives of business when implementing CRM. Key factors for success and barriers of CRM application. Key antecedents of CRM application.
Hypotheses development and research model. Background of Vietnam SMEs. Barriers of CRM implementation in Vietnam SMEs .292932 Formatted: Space Before: 0 pt, Line spacing: 1. Data sources and data collection.
Validity and reliability .404043 Formatted: Space Before: 0 pt, Line CHAPTER 4: RESULTS AND DISCUSSIONS.5 lines TIEU LUAN MOI download : skknchat@gmail. Results of focus group discussion. Results of survey. Discussion on the results .525255 CHAPTER 5: CONCLUSIONS, LIMITATIONS AND IMPLICATIONS.535356 Formatted: Space Before: 0 pt, Line spacing: 1.
Implications and suggestions for Vietnam SMEs. Recommendation for future research.626265 Formatted: Space Before: 0 pt, Line spacing: 1.5 lines APPENDIX I: QUESTIONNAIRE .nam TIEU LUAN MOI download : skknchat@gmail. CRM: Customer Relationship Management 2. SMEs: Small and Medium Enterprises 3.
AI: artificial intelligence 4. SFA: Sale force automation 5. KMS: Knowledge Management System 6. RM: Relationship Marketing 7.
ERP: Enterprise resource planning 8. NPD: New product development 9. BPS: Business process standardization 10. BPR: Business process reengineering 8.
Formatted: Indent: Left: 1.27 cm, No bullets or numbering i (LUAN.nam TIEU LUAN MOI download : skknchat@gmail.nam LIST OF TABLE Formatted: Line spacing: 1.1: Benefit of successfully CRM implementation .2: Success factors for CRM implementation .3: Barriers factors identified by previous studies .4: Transactional marketing vs CRM approach (Piccoli et al.131312 Formatted: Line spacing: 1. Key barrier factors and sub-dimensions to CRM implementation in Vietnam SMEs. Results on the key factors of barrier. Results on the sub-dimension of each factor.
6 sub-dimensions as most commonly barriers .5: Detail sub-dimensions of Barrier 1-Changing Business Culture and Cross-functional interaction .6: Detail sub-dimensions of Barrier 2- Lacks of customer management knowledge .7: Detail sub-dimensions of Barrier 3-Lacks of new processes and standards .8: Detail sub-dimensions of Barrier 4-Lacks of skillful Human Resources .9: Detail sub-dimensions of Barrier 5-Information Security Threats. CRM implementation key antecedents. Key barriers in CRM implementation for Vietnam SMEs .545453 Formatted: Space After: 0 pt, Line spacing: 1.5 lines ii (LUAN.nam TIEU LUAN MOI download : skknchat@gmail.nam LIST OF FIGURES Figure 2.1: Evolution of CRM (Haran, 2005). Knowledge Management System (Fteimi and Lehner, 2014) .141413 Formatted: Line spacing: 1.3: Factors of Change (Pries & Stone, 2004) .5: CRM Knowledge Management process .nam TIEU LUAN MOI download : skknchat@gmail.nam CHAPTER 1: INTRODUCTION Formatted 1.
Rationale CRM (customer relationship management) has been increasingly recognized as a business strategy to effectively understand, manage, and sustain customer relationship with advanced information and communication technologies. The term of "relationship marketing", coined by Berry(1983) emphasized on continuing relationships rather than simply individual transaction. It is a new-old concept. The idea of a business earning the customers' favor and loyalty by satisfying their wants and needs was not unknown to the earliest merchants.
Gronroos (1994) cites this Middle Eastern proverb from ancient trade: "As a merchant, you'd better have a friend in every town." Before the mid of twentieth century, most of the retails activities take place in small stores, the purchasing process was very simple, allowed the shopkeeper and customer to spend quality time getting to know each other. The shopkeeper deeply understand about his/her customers' habits and behaviours. After that, at the mid of last century, the mass production techniques and mass marketing fundamentally changed the competitive landscape by increasing product availability for consumers. Many huge shopping malls and super markets with rich merchandise portfolio in a convenient way gradually replace the small stores in trading activities.
Customer lost their uniqueness, as they became an ―account number‖ and shopkeepers lost track of their customers‘ individual needs as the market became full of product and service options. In the 21st century, the explosive growth of the Internet and information technology(IT) has also brought new ways for businesses to communicate with their customers in various cost effective ways, such as: website, email, cloud-based CRM applications,. and now even the omni-channel retailing fullfilment system with artificial intelligence(AI) and cognitive technologies supported are not fiction (IBM-Watson,2017). Attracting customer has become very difficult these days, when people are harder to please.
They are smarter, price conscious and sensitive, 1 (LUAN.nam TIEU LUAN MOI download : skknchat@gmail.nam more demanding, less forgiving, and they are approached by many more competitors with equally good or better offers (Kotler,2003). Increasing competition and decreasing customer loyalty have led to the emergence of concepts that focus on the nurturing of relationships to customers(Fazlzadeh,2011). The combination of "the old" relationship marketing mindset and "the new" CRM and other business support technologies might be the answer for a sustainable way to nurture relationship with customers. Many companies today are racing to re-establish their connections to new as well as existing customers to boost long-term customer loyalty.
Some companies are competing effectively and winning this race through the implementation of relationship marketing principles using strategic and technology-based customer relationship management (CRM) applications. SMEs are featured with limitation of capital and resources,but recently as the cost for CRM application significant reduced and Nielsel approximated the explosive growth of Vietnam e-commerce market at a rate of 22%last year, many Vietnam SMEs start deploying CRM as solutions to improve its relationship with customer). Report from a SME CRM solution provider in Vietnam indicated that during last year their customer growth was more than 200%. But during the process of CRM implementation, representative also noted that Vietnam SMEs faced a lot of obstacle in the process of achieving the properly benefits.According to our best knowledge, there is currently no studies on barriers on CRM management in the context of Vietnam.
In addition, because more than 90% of Vietnamese firms are SMEs (GSO, 20161). Thus, this study aimed to identify barriers in implementing customer relationship management in Vietnam SMEs by answering the following questions: 1. What are the benefits or objectives of business when implementing CRM? 2. What areis the key antecedents that affects the result of CRM implementation? 3.
What areis the major barriers that VNSMEs faced when implementing 1 https://www.nam TIEU LUAN MOI download : skknchat@gmail. Research Objectives To review existing knowledge on barriers of customer relationship management provided by previous studies; To identify key antecedents of CRM application that affects the result of CRM implementation; To identify barriers in implementing customer relationship management of Vietnamese SMEs; To provide some suggestions in CRM implementation practices to improveVNSMEs performance and benefit in developing long-term relationship with their customers. Subject and Scope of Research Research Subject Formatted: Font: Bold, No underline, Font color: Auto, Not Expanded by / Condensed The research subject of this thesis areis the key antecedents of CRM by application andbarrier factors of CRM implementation of Vietnamese SMEs. Formatted: Font: Bold Research Scope Formatted: Font: Bold, No underline, Font color: Auto, Not Expanded by / Condensed This study examine Vietnamese SMEs which implementing CRM for their by businesses activities in Vietnam.
The timespan for data collection is cros-sectional Formatted: Font: Bold and implemented in 2017. Structure of the thesis Part 1 presents the introduction, Part 2 presents the literature and theoretical framework relate to practice in CRM implementation and benefit in developing relationship with customer, Part 3 presents about methodology where the research design and research methods are explained. Part 4 explains results and discussions while Part 5 gives conclusions, limitations and implications. Detailed structure of this thesis is: Statement Abstract Abbreviations List of tables 3 (LUAN.nam TIEU LUAN MOI download : skknchat@gmail.nam List of figures Part 1: Introduction Part 2: Theoretical background Part 3: Methodology Part 4: Results and discussions Part 5: Conclusions, limitations and implications References Appendices 4 (LUAN.nam TIEU LUAN MOI download : skknchat@gmail.nam CHAPTER 2: THEORETICAL BACKGROUND The second part presents academic literatures on the subjects of CRM definition, key antecedents and barrier factors of implementing CRM.
It provides relevant theories, researches and studies, as well as to provide the conceptional framework. The chapter also provides definitions and elaborations on the main concept of practice in CRM implementation and barriers that impact CRM implementation; The chapter will end with identification of variables and formulation of hypotheses. CRM and key antecedents of implementing Definition of CRM and its conceptualization problems Definitions of CRM and its conceptualization problems Customer relationship management (CRM) was the buzz word of the 1990‘s.