Examining the Strategic Role of CRM Technologies in Enhancing Customer Lifetime Value and Predictive Behavioral Modeling in Omnichannel Environments

Authors

  • Mikhail Sidorov ERP Support Engineer, Russia Author

Keywords:

CRM Technologies, Customer Lifetime Value (CLV), Predictive Behavioral Modeling, Omnichannel Marketing, Customer Engagement, Data Analytics, Strategic CRM

Abstract

This study explores the strategic integration of Customer Relationship Management (CRM) technologies to improve Customer Lifetime Value (CLV) and predictive behavioral modeling within omnichannel environments. As customer touchpoints diversify across physical and digital channels, CRM systems serve as vital infrastructures for consolidating interactions, generating predictive insights, and personalizing experiences. Drawing from foundational literature, this paper synthesizes key strategies and evaluates the capabilities of CRM platforms in modeling behavior and optimizing value delivery. Findings suggest CRM’s predictive analytics, when properly synchronized across channels, significantly enhance long-term customer engagement and profitability.

References

Reinartz, W. & Kumar, V. (2003). The impact of customer relationship characteristics on profitable lifetime duration. Journal of Marketing, Vol. 67, Issue 1.

Verhoef, P.C. (2003). Understanding the effect of customer relationship management efforts on customer retention and customer share development. Marketing Science, Vol. 22, Issue 4.

Payne, A. & Frow, P. (2005). A strategic framework for customer relationship management. Journal of Marketing, Vol. 69, Issue 4.

Neslin, S.A., et al. (2006). Challenges and opportunities in multichannel customer management. Journal of Interactive Marketing, Vol. 20, Issue 2.

Kumar, V. & Reinartz, W. (2016). Creating Enduring Customer Value. Journal of Marketing, Vol. 80, Issue 6.

Rust, R.T. & Lemon, K.N. (2001). Customer equity: Managing customers as assets. California Management Review, Vol. 43, Issue 4.

Piotrowicz, W. & Cuthbertson, R. (2014). Introduction to the special issue: Information management in retail. International Journal of Retail & Distribution Management, Vol. 42, Issue 9.

Blattberg, R.C., Getz, G., & Thomas, J.S. (2001). Customer equity: Building and managing relationships as valuable assets. Journal of Interactive Marketing, Vol. 15, Issue 1.

Boulding, W., et al. (2005). A customer relationship management roadmap. Journal of Marketing, Vol. 69, Issue 4.

Shankar, V. & Malthouse, E.C. (2007). The growth of interactions and dialogs in interactive marketing. Journal of Interactive Marketing, Vol. 21, Issue 2.

Lemon, K.N. & Verhoef, P.C. (2016). Understanding customer experience throughout the customer journey. Journal of Marketing, Vol. 80, Issue 6.

Peppers, D. & Rogers, M. (2011). Managing customer relationships. Journal of Marketing Management, Vol. 27, Issue 5-6.

Zeithaml, V.A., et al. (2001). The customer pyramid: Creating and serving profitable customers. California Management Review, Vol. 43, Issue 4.

Fader, P.S., Hardie, B.G., & Lee, K.L. (2005). RFM and CLV: Using data mining to identify valuable customers. Marketing Science, Vol. 24, Issue 4.

Sigala, M. (2005). CRM in the airline industry. Tourism Management, Vol. 26, Issue 3

Downloads

Published

2021-04-08