Gloom confirmed

Global markets are reeling and it was only a matter of time before the effects spread into the world of wireless. Well, unfortunately such gloom has arrived. Samsung and Nokia have officially given notice that growth within their respective companies will be stunted for the remainder of this year and possibly into next.

"The actual global market growth on a unit basis could come short of our initial forecast for 9 percent growth (in 2008)," James Chung, a spokesman for Samsung, told Reuters.
"As for next year, it is possible that the market could post a single-digit or even negative growth," Chung added.

Such sentiment was already shared by top handset maker Nokia with their top boss stating, "that the world's mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand."

With new models being looked at as luxury items one can easily see why these top handset makers are not so bullish about their prospects. In fact here in Japan, where electronic gadgets are always in fashion there has been a shift in consumer buying patterns as reported by Japan's broadcast corporation NHK. The new trend apparently has been the selling of older mobiles at drastically reduced prices. Models that four months earlier retailed at nearly $500 US are being sold for $150 or less. Manufacturers seem to be understanding that consumers simply cannot spring for the newest or latest models.

Interesting times right now and it will be even more compelling to see how these companies respond. As alluded to in the previous post, that despite downturns there are always opportunities
for those ready to look for them.

Canadian Chris

Weathering the Storm

In reference to my last post I l examined the notion of companies adopting mobile CRM technologies to enable better efficiency and a competitive edge. In today, post I would like to continue on with that thought but take it further in terms of how such a stance towards mobile CRM can be a potential boon for companies looking to remain fiscally vibrant in a worsening economic climate.

Sales forces should have instant access to critical information which enables transactions while technicians should be able to check inventories instantly in order to source replacement parts. Mobile CRM software applications enable this and add to increased efficiency, productivity and ultimately customer satisfaction. It is this last notion which counts for so much these days considering the financial woes of many industrialized countries including Japan. Smart companies understand that the costs associated with sourcing new clients far outweigh what it costs to actively keep the existing base happy. Engaging in pure customer retention and after-marketing practices which purely aim to satisfy current customers, is one way companies can surely combat these external economic conditions. This is where CRM systems can really prop up companies and allow them to not only ride out these rough times but actually take steps towards enhancing their overall market positioning.

Large and small companies ought to be engaged in this constant game of finding ways to increase efficiency. The problem at times however, and what hinders mobile CRM uptake appears to be that some of the costs and inefficiencies do not directly show up on company income statements in terms of fixed expenses. Without some fairly deep introspection it is difficult to pinpoint where and how costs can be reduced by the successful implementation of software applications. I can assure you though, there are costs for not aligning with the times and they show up in terms of lowered productivity of workers or inefficient use of resources, meaning lost revenue which ultimately hinders profits.

Through the application of high-tech-analytics capabilities, collaborative platforms and automated processes, mobile CRM applications are well armed to attack company or departmental inefficiencies. By gathering information from multiple data sources and storing it in a centralized location, a hosted CRM solution provides a holistic view of a customer in real time. From this insight, a company’s management, sales and service people can better generate leads, target top customers, manage marketing campaigns, drive sales and in due course boost customer satisfaction.

As many companies are faced with the reality of having to batter down the hatches for the foreseeable future, it is my humble opinion that companies here in Japan and worldwide ought to really look into mobile CRM as one of their main defenses to this storm of uncertainty.

Canadian Chris

Unleashing the Power

In today’s post I thought I would explore a side which we have yet to fully delve into here at Mobile CRM Japan. That is the use of mobile based CRM systems for the sole intent of adding both versatility and potency to one’s workforce. What I mean by this, is that if your company has a number of workers who are mobile--pardon the pun—or out of the office for major portions of their day, a well chosen CRM application can do wonders for enhancing worker productivity, modernizing and smoothing out of business operations and logistics, as well as amplifying overall customer services levels.

This push towards establishing a mobile based CRM system which has the ability to connect workers via a mobile phone to the office and allow for increased functionality is a notion that will become increasingly more important as businesses look for new and more efficient ways to service their customer’s needs. The fact is that today’s technology is evolving to the point in which this real time sharing of information is not only possible but soon to be a standard in business operations for competitive firms. Without tapping into this resource companies are putting themselves at a distinct disadvantage to direct competitors who are embracing this technology. Additionally, what should help in the adoption of this type of technology is that it is becoming more affordable for SME’s—small to medium enterprises. This news should be music to the ears of companies in Japan which is around 98% SME dominated.

To clarify both the importance and functionality issues even further, let’s say your company manufacturers, sells and services ‘ABC widgets’. Within your employee base you have two divisions which spend a number of hours in the field. One is your sales force selling your ABC widget and the other is your servicing division consisting of on-site service technicians who service your product. Your sales force should have instant access to information which may assist in enabling a transaction or closing a deal, such as the placing of an order, updating relevant customer information details, or checking inventory. Equally, your technicians should have the ability to attain instant access to company troubleshooting manuals, part numbers, part delivery orders and so on. All of this and more should be able to be performed through a wireless device so as to shorten the lead to cash cycle, increase efficiency and ultimately satisfy the customer needs.

Current mobile devices coupled with today’s rapid evolution in technology certainly have the power to unleash a host of applications aimed at helping businesses strengthen operations. Here in Japan, like most of the other industrialized worlds such a shift is certainly underway however the race is on. It is our thinking here at Mobile CRM Japan that the companies who fully embrace this mobile based CRM technology and thoughtfully single out what it can do for them, are the companies which will ultimately position themselves to thrive.

Canadian Chris