The business environment has changed dramatically over the last few of decades. In many ways businesses have been given the ability to be much more competitive. Businesses now have more tools to use to differentiate their service from their competitors. However many companies are yet to take advantage of this and still have a passive way of approaching their business operations. Surprisingly, these problems could be stemming from a lack of business knowledge that results in problematic deployments of tools, poor collection/collation of data, and the inability to transfer data into useful knowledge. In the long run this can be a big problem as it is increasing knowledge and understanding that underpins innovation.
CRM systems such as Zoho CRM can be important tools that help businesses move from a place of hoping for success to making business success happen . Using data, tools like Zoho CRM help businesses connect with the reality of business performance. Through the right analysis this data can then be used to make wise business decisions that take the initiative in seeking out new opportunities.
It is important to note that while the Zoho CRM tool is helpful, it is not in itself the driving factor of such change. What is key is the application of the CRM tool.
With intelligent implementations, businesses will no longer have to rely only on their gut feelings as a basis for their business decisions. Systems like Zoho will enable the transformation of data to knowledge, and it is this knowledge that will be the true driver of smart business decisions that lead to innovation.
The first thing businesses will have to do is to centrally store their collective knowledge of their account management, sales processes, and both their online and offline activities.
This raw data then needs to be analyzed, interpreted, and delivered in a way that is relevant to the right audience. This is all with the aim of having the right data get to the right decision makers in the right form.
Once this data has been processed it can be applied and reinterpreted to assist in achieving a multitude of businesses objective or in the resolution of many issues that companies may face. Empowering people with the right information when they make plans and decisions is akin to giving people a map when they are trying to get from point A to point B. This process can benefit everything from growth, to operation efficiency, and ROI.
An added benefit is that this can organically promote collaboration between different departments and stakeholders within the business – thus enhancing the collective intelligence of the organization.
Once these changes are made, the process of data collection and interpretation using your Zoho CRM continues.
Data related to the causes and effects of business decisions continue to be collected, and over time this process allows for valuable learning to occur. Without this process, business experience often leads only to hunches and emotional decision making.
This iterative process essentially means that future decisions can become smarter and smarter, as the wealth of knowledge that informs them grows.
To learn more about how an investment in CRM can help your business make smarter decisions contact us.
Blog HBR’s 4 Listening Skills vs. Lumen Cultivo’s High-Performance Culture: A Side-by-Side Comparison Introduction In leadership and organizational development circles, listening and culture often go
Blog Global Generative AI Patent Landscape: How Does New Zealand Measure Up? The Global GenAI Patent Landscape: Where Does New Zealand Stand? Generative Artificial Intelligence
Blog Five Traits of Highly Effective Teams: How to Implement Them with Lumen Fusion Introduction In today’s fast-paced business world, the effectiveness of your team
