Reference no: EM132152541

New virtual worlds such as Second Life are becoming the first point of contact between many firms and customers. To say the least, virtual relationships are far different from traditional relationships. Firms such as Adidas, Dell, Reuters, and Toyota are all embracing Second Life; however, beyond opening a virtual office in a virtual world, they are struggling with how to build virtual customer relationships.

PA Consulting quickly learned that building a virtual office to answer customer queries is not nearly good enough to find and attract loyal customers. The company realized that real people behind the avatars need to be housed in a real office similar to having a call center to answer questions for online shopping. When a potential customer wants to speak to a human, one must appear or else the customer will leave the website.

You are the executive director of CRM at StormPeak, an advanced technological company that develops robots. You are in charge of overseeing the first virtual site being built in Second Life. Create a CRM strategy for doing business in a virtual world.

Discuss a CRM strategy for doing business in a virtual world. How would you create a CRM strategy? In addition to the questions listed, what questions/concerns would you consider in developing a strategy?

Also, how important are CRM strategies to the success of a business?