Unlocking Business Value Through Synergy Between Hrm and Crm: a Path to Organizational Success
Year: 2024
Type: article
Abstract: In today's competitive business landscape, organizations face significant challenges in achieving sustainable growth and success. One of the primary reasons is the lack of synergy between Human Resource Management (HRM) and Customer Relationship Management (CRM), leading to suboptimal performance and missed opportunities. Despite the critical role of HRM in shapingorganizational culture and CRM in driving customer engagement, the intersection of these two functions remains underexplored. This study aims to investigate the potential of integrating HRM and CRM to unlock business value and drive organizational success. The specific objectives are to:1. Examine the current state of HRM and CRM practices in organizations.2. Identify the key factors that facilitate or hinder the synergy between HRM and CRM.3. Develop a framework for integrating HRM and CRM to enhance business performance.This study will employ a secondary data collection method, leveraging existing literature and research papers to explore the relationship between HRM and CRM. For the purpose of findings our study haveanalyzed 50 peer-reviewed articles published between 2010 and 2024, encompassing various industries, including manufacturing (22%), services (30%), healthcare (20%), IT (15%), and finance (13%). A content and thematic analysis approach will be used to analyze the secondary data, identifying key themes and patterns that shed light on the synergy between HRM and CRM. While existing research has explored the individual contributions of HRM and CRM to organizational success, the intersection of these two functions remains understudied. This study aims to fill this gap by investigating the potential of integrating HRM and CRM to drive business value. This study contributes to the existing literature by providing a comprehensive framework for integrating HRM and CRM, highlighting the key factors that facilitate or hinder synergy, and offering practical implications for organizations seeking to unlock business value through the alignment of these two critical functions.
Author: Roy, Soham
Institution: Upgrad (India)
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W6949297869
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