Performance Appraisal
Performance Appraisal
Performance Appraisal
It
uses promotional letter clubbed with product and service details to deliver the business
message to audience. It is cost effective method to convey your message to highly targeted
visitors. Results of E-Mail marketing are quantifiable and measurable.
Types Of E-Mails
Transaction E-Mails
You get these mails after you are done with any transaction such as buying a product. They
confirm the business transaction with information such as cost per unit, number of units
bought, total cost, mode of payment, shipping details, delivery time, etc.
Newsletters
They include information to keep customers involved. They foster relationship with
customer.
Promotion E-Mails
They carry details of any promotional activity such as sale, new offers, etc.
E-Mail marketing being cost-efficient and measurable, needs strategic planning and creative
execution of campaign. You need to personalize message, deploy it, and analyze the results.
Newsletters
With email newsletters, the audience are connected and informed about the product
updates
This is a very significant way of educating your audience and prospects about your business
OPTAMIZE
Try to reduce text and provide visually interesting campaigns
Stack your email content and optimize CTA
Create an interesting header
Share a variety of content (like videos, articles, eBooks, podcasts, webinars) with your
readers
Follow a consistent schedule for sending emails
Below is an example of a newsletter:
Promotional Emails
According to convince and convert, 68% of Millennials have confirmed that Promotional
Emails have influenced their purchase decisions.
These emails drive revenue by sending special offers
Its objective is to make a conversion
Optimization
Ensure to personalize your campaigns
Engage your customers by including limited time offers
Send offer emails on holidays for high engagement rate
Below is an example of a promotional email:
Abandonment Cart Emails
Abandonment emails are shared with clients who have kept products on their cart but did
not complete the checkout process
It is an effective way to improve sales
How to Optimize?
Use a simple abandoned cart email template
Personalize your abandoned-cart recovery emails
Adding a product image in your email remainder can result in high click-through rate
Send a series of email reminders to your clients.
Below is an example of abandonment cart email:
Re-Engagement Campaign
It is a practice of sending series of emails to inactive email subscribers
It leads to high user engagement rate and maintains a high IPR (Inbox Placement Ratio)
OPTAMIZATION
Opt for gamification to win back inactive subscribers
Prefer subject lines like "We have been waiting for your response" or "We have got a special
offer for you."
Conduct a poll or quiz to re-engage with your subscribers
Below is an example of a re-engagement campaign:
Sponsorship Emails
These emails let you advertise your copy in another vendor's newsletter
In simple terms, it is a way to reach a different audience and gain new leads through display
ads via emails
OPTAMIZATION
Choose the right promotional partner
Use only one primary CTA whereas offering multiple deals to the audience can be confusing
Always clearly define your objectives
Leverage social media platforms in order to maximize the reach of your campaign
Setting Up an E-Mail Marketing Campaign
These are the general steps taken to set up an E-Mail marketing campaign.
Create a database of customers. You can buy it or can generate from your website
backend. Embed the customer details such as contact information, client status, lead
source, etc.
Create a newsletter. Put in the relevant information they may need. Set the subject
line timings and frequency. Add discounts and bonus you offer.
Make it look eye-catchy, informational, and useful.
Mention deal expiry date and time.
Drop a link in email if necessary.
Buy servers capable enough to bear the load.
Test you email before you send it. Check all details, images, and links.
Deploy your newsletter.
Analyze the performance of E-mail advertise. For example, E-mail delivery rate, email
opening rate, conversions etc.
Tracking an E-Mail Marketing Campaign
The essential metrics you should be tracking for E-Mail campaign are −
Click Through Rate
It gives you clear view of how many people engage with your mail and are interested in what
you offer.
Conversion Rate
It helps you know, to what extent you are able to achieve your goals.
Bounce Rate
It lets you know how many consider you as a spammer of worth time wasting.
Subscribers’ Growth Rate
It lets you decide how much you are able to extend your reach.
Email Forwarding Rate
The more is the rate the more interested are your customers.
Overall ROI
The gist of tracking is how many leads you are able to generate through your campaigns.
Definition
eCRM can be defined as activities to manage customer relationships by using the Internet,
web browsers or other electronic touch points.
Objectives of E-CRM
As the Internet is becoming more and more important in business life, many
companies consider it as an opportunity to reduce customer-service costs, tighten
customer relationships
E- CRM personalize marketing messages and enable mass customization.
ECRM is being adopted by companies because it increases customer loyalty and
customer retention by improving customer satisfaction
E-loyalty results in long-term profits for online retailers because they incur less costs
of recruiting new customers, plus they have an increase in customer retention.
Together with the creation of sales force automation (SFA), where electronic
methods were used to gather data and analyze customer information, the trend of
the upcoming Internet can be seen as the foundation of eCRM . (Nenad Jukic et al.,
200)
As we implement eCRM process, there are three steps life cycle:
1. Data collection: About customers preference information for actively (answer
knowledge) andpassively (surfing record) ways via website, email, questionnaire
2. Data aggregation: Filter and analysis for firm's specific needs to fulfill their
customers.
3. Customer interaction: According to customer's need, company provide the proper
feedback to them
Strategy components[When enterprises integrate their customer information, there are
three eCRM strategy components:
1. Operational: Because of sharing information, the processes in business should
make customer's need as first and seamlessly implement. This avoids multiple
times to bother customers and redundant process
2. Analytical: Analysis helps company maintain a long-term relationship with
customers.
3. Collaborative: Due to improved communication technology, different
departments in company implement (intraorganizational) or work with business
partners (interorganizational) more efficiently by sharing information. (Nenad
Jukic et al., 2003
Limitations of EDI
Perceived high upfront costs
It is true that EDI used to require substantial upfront investment has been a barrier in the
past, especially for smaller businesses. However, like most technologies, EDI has become less
expensive over time.
Initial setup is time consuming
Not only has EDI become less expensive, it has also become faster to deploy and integrate
into existing applications and easier to use with WebEDI options that even non-technical
users can operate.
Too many standards
Many organizations also consider EDI to have too many standards and versions. This could
limit smaller businesses in trading with larger organizations that use an updated version of a
document standard.
Investing in system protection
EDI may also require a heavy investment in computer networks. It will need protection from
viruses, hacking, malware and other cyber security threats if an on-premises system is
chosen. However, many providers offer a cloud solution which includes system protection.
Cost of Implementation.
is true that EDI provides massive cost savings benefits but for small businesses re- designing
and implementing software applications to fit in EDI into current applications can be quite
costly. Such limitations of EDI must be considered if you plan on implementing such system.
Electronic System Safety
EDI also necessitates substantial investment in computer networks and security systems for
maximum security. Any EDI system installed would require protection from hacking,
malware, viruses, and other cybersecurity threats.
E -GOVERNANCE
Elements of E-Governance:
Basic elements of e-governance are:
Government
Citizens
Investors/Businesses
Types of E-Governance:
E-governance is of 4 types:
Government-to-Citizen (G2C): The Government-to-citizen mentions the government
services that are acquired by the familiar people. Most of the government services come
under G2C. Similarly, the primary aim of Government-to-citizen is to supply facilities to the
citizens. It also helps ordinary people to minimize the time and cost to carry out a
transaction. A citizen can retrieve the facilities anytime from anywhere. Similarly, spending
the administrative fee online is also possible due to G2C. The facility of Government-to-
Citizen allows the ordinary citizen to outclass time limitations. It also focuses on geographic
land barriers.
Government-to-business (G2B): Government-to-business is the interchange of services
between Government and Business firms. It is productive for both government and business
firms. G2B provides access to pertinent forms needed to observe. It also contains many
services interchanged between business sectors and government. Similarly, Government-to-
business provides timely business information. A business organization can have easy and
easy online access to government agencies. G2B plays an important role in business
development. It upgrades the efficiency and quality of communication and transparency of
government projects.
Government-to-Government (G2G): The Government-to-Government mentions the
interaction between different government departments, firms, and agencies. This increases
the efficiency of government processes. In G2G, government agencies can share the same
database using online communication. The government departments can work together.
This service can increase international discretion and relations. G2G services can be at the
local level or at the international level. It can convey to both global government and local
government. It also provides a safe and secure inter-relationship between domestic and
foreign governments. G2G builds a universal database for all members to upgrade service.
Government-to-Employee (G2E): The Government-to-Employee is the internal part of G2G
section. It aims to bring employees together and improvise knowledge sharing. It provides
online facilities to the employees. Similarly, applying for leave, reviewing salary payment
record and checking the balance of holiday. The G2E sector yields human resource training
and development. So, G2E is also the correlation between employees and government
institutions.
Advantages of E-Governance:
The supreme goal of e-governance is to be able to provide an increased portfolio of public
services to citizens in a systematic and cost effective way. It allows for government
transparency because it allows the public to be informed about what the government is
working on as well as the policies they are trying to implement.
The main advantage while executing electronic government will be to enhance the efficiency
of the current system.
Another advantage is that it increases transparency in the administration, reduces costs,
increases revenue growth, and also improves relationships between the public and the civic
authorities.
Disadvantages of E-Governance:
The main disadvantage regarding e-governance is the absence of fairness in public access to
the internet, of trustworthy information on the web, and disguised agendas of government
groups that could have an impact and could bias public opinions.
DELIVERY MANAGEMENT SYSTEM
Delivery management is the action of deploying efficient logistics processes, powered by
digital tools, to ensure that goods are effectively and efficiently moved from one place to
another until it reaches the end-customer.
Efficient delivery management involves the automation of tasks, reduction in human errors,
improvement in customer service and streamlining of warehouse and delivery operations.
Automation of the chain of delivery processes through software can improve order
fulfillment efficiency, ensuring customer satisfaction and increased productivity.
e-Business and Disruptive technologies have drastically changed the way customers behave
and this directly impacts demand patterns, consumer expectations, delivery turnaround-
time and the way brands execute order fulfillment. Automated core delivery processes are
the key to improving customer retention and boosting profitability.
Determining the shortest yet safest route for delivery, ensuring real-time visibility of fleet
movement and enhancing customer communication with timely updates delivery progress
can make the delivery process highly effective.
By integrating new technologies with existing logistics architecture, companies can mitigate
risks, create more effective operations and manage costs.
1. Route efficiency
Route efficiency is the process of determining the most cost-efficient and productive route.
It is not as simple as just finding the shortest path between two points. It needs to include all
relevant factors like the number of stops possible in the delivery route, delivery windows,
vehicle capacity, driver schedules and even traffic patterns to suggest the optimal route for
delivery. Route efficiency helps in timely deliveries and improves revenue generation.
2. Fleet productivity
Fleet productivity is used to measure the performance of the fleet. It involves metrics like
driver behavior, vehicle maintenance, compliance, fuel usage, measure service hours, total
usage and idle hours of fleets. It helps to improve the efficiency of the fleet, maintenance,
and control costs.
5. 3PL performance
When companies outsource delivery service to third-party logistics providers (3PLs), the
efficiency gains come with a loss of direct involvement. Monitoring the performance of
chosen 3PL based on metrics like on-time shipping percentage, shipping accuracy, order
accuracy, order time-to-fill and cost per unit shipped can help to check their efficiency.
6. Estimated Time of Arrivals (ETAs)
Route optimization tools can accurately generate estimated arrival times (ETAs) that can be
used for internal and customer communication purposes. Dependable ETA takes multiple
parameters into account to predict arrival time. ETA is calculated based on data histories,
which are far more detailed in terms of vehicle characteristics, road network variables, traffic
conditions, accidents, and unforeseen events.
1. Delivery profitability
Delivery management software optimizes existing business models by using route
optimization systems, fleet management, implementing the latest technological innovations
and increasing fleet capacity utilization rates. Good delivery service is not just timely
delivery, but also about ensuring that goods are not damaged during delivery. Delivery
profitability can be achieved by auto-scheduling and automating repetitive tasks.
3. Delivery productivity
Delivery service needs to be prompt to avoid unnecessary delays. Auto-scheduling. multi-
drop delivery route planning, intelligent order batching and real-time route optimization can
help eliminate manual dependencies and thereby achieve greater delivery productivity.
5. Fuel efficiency
Optimized route planning creates fuel efficiency. Delivery management can map out efficient
routes based on delivery urgency, customer proximity, driver availability, weather and traffic
conditions. Intelligent route planning can also reduce empty miles, thus saving on fuel
consumption.
7. Better compliance
Delivery software ensures that the due diligence and compliance required to deliver goods
are up to date and readily available. Effective management of global trade compliance is
critical in a global supply chain to accelerate the custom clearance and regulatory
compliance to destined countries. By leveraging information technology for improved
visibility and real-time information, better compliance can be attained at local-levels too.
Advanced delivery management solutions and strategies empower brands to boost delivery
profitability, enhance customer experience, streamline logistics operations, optimize
transportations costs and drive competitive advantage.
VIRTUAL COMMUNITIES
A virtual community is a community of people sharing common interests, ideas, and feelings
over the internet or other collaborative networks. In a virtual community group of
individuals interact through specific social media, potentially crossing geographical and
political boundaries in order to pursue mutual interests or goals.
Types of virtual communities:
1) Internet message boards - An online message board is a forum where people can
discuss thoughts or ideas on various topics. Online message centres allow users to choose
which thread, or board of discussion, users would like to read or contribute to. A user will
start a discussion by making a post on a thread other users who choose to respond can
follow the discussion by adding their own post to that thread.
2) Online chat rooms - Just after the rise of interest in message boards and forums,
people started to want a way of communicating with their "communities" in real time. The
disadvantage to message boards was that people would have to wait until another user
replied to their posting. The development of online chat rooms allowed people to talk to
whoever was online at the same time they were. This way, messages were sent and online
users could immediately respond back.
3) Virtual worlds - Virtual worlds are the most interactive of all virtual community
forms. In this group of members form a online team and play games against other online
teams in certain games . Characters within the world can talk to one another and have
almost the same interactions people would have in reality. GameTZ.com is an online game,
music, movie, and book trading community.
4) Social network services - Social networking services are the most prominent type of
virtual community. They are either a website or software platform that focuses on creating
and maintaining relationships. Face book, Twitter, and Myspace are all virtual communities.
With these sites, one often creates a profile or account, and adds friends or follows friends.
Benefits of virtual community
1) More flexible or accessible 24 hours and 7 days any place anywhere as long as
internet connection.
2) Easy relevance: It gives a place to exchange a real life examples and experience.
3) Community building: Over time can develop into a supportive, stimulating
community which participants come to regard as the high point of their course.
4) Limitless: It can never predict where the discussion will go. The unexpected often
results in increased incidental learning.
5) Choice: A quick question or comment or a long reflective account is equally possible.
Limitation of virtual community:
1. Overloading information: A large volume of information and messages can be
overload and hard to follow, even stress-inducing.
2. No physical documents: Any physical documents to any conversation, without facial
expressions and gestures or the ability to retract immediately there's a big risk of
misunderstanding.
3. Directionless: Participants used to having a teacher or instructor telling them what to
do can find it a leaderless environment.
4. Inefficient: It takes longer than verbal conversation and so it's hard to reply to all the
points in a message, easily leaving questions unanswered.
5. Threads: Logical sequence of discussion is often broken by users not sticking to the
topic.
WEB PORTAL
A web portal is specially-designed Web page at a website which brings information together
from diverse sources in a uniform way. A Web portal refers to a Web site or service that
offers a broad array of resources and services, such as e-mail, forums, search engines, links
to other sites, and online shopping malls.
The first Web portals were online services, such as AOL, that provided access to the Web,
but by now most of the traditional search engines have transformed themselves into Web
portals to attract and keep a larger audience. Examples: AOL, Excite, Netvibes, iGoogle, MSN,
Naver, India times, Rediff, Sify and Yahoo!.
Types of Web Portals:
1) Vertical Portals
These are web portals which focus only on one specific industry, domain or vertical Vertical
portals provide tools, information, articles, research and statistics on the specific industry or
vertical. As the web has become a standard tool for business.
2) Horizontal Portals
These are web portals which focus on a wide array of interests and topics. They focus on
general audience and try to present something for everybody. Horizontal portals try act as
an entry point of a web surfer into the internet, providing content on the topic of interest
and guiding towards the right direction to fetch more related resources and information.
3) Enterprise Portals
These are portals developed and maintained for use by members of the intranet or the
enterprise network. The most common implementation of enterprise portals focus on
providing employees with this information on a regularly updated manner along with
document management system, availability of applications on demand, online training
courses and web casts etc along with communication in the form of emails, messaging, web
meetings etc.
4) Knowledge Portals
Knowledge portals increase the effectiveness of knowledge workers by providing easy access
to information that is necessary or helpful to them in one or more specific roles. Knowledge
portals are not mere intranet portals since the former are supposed to provide extra
functionality such as collaboration services, sophisticated information discovery services and
a knowledge map.
5) Corporate Portals
A corporate portal provides personalized access to an appropriate range of information
about a particular company. As opposed to public web portals, corporate portals aim at
providing a virtual workplace for each individual using them - executives, employees,
suppliers, customers, third-party service providers.
6) Market space portals
Market space portals exist to support the business-to-business and business-to-customer
ecommerce, software support for e-commerce transactions and ability to find and access
rich on information about the products on sale also, ability to participate in discussion
groups with other vendors and/or buyers
7) Search portals
Search portals aggregate results from several search engines into one page.