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For SMEs, customer experience more critical than relationship

Customer experience management is the buzz word and B2B companies need to reboot their strategy. With some help from social media and interactive tech, they can ace the game

July 23, 2022 / 07:45 IST
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A majority of small and medium enterprises (SMEs) in the B2B sector rely on customer relationship management (CRM) systems to manage their customer details. A good CRM process is a given but customer experience management (CEM) is the emerging trend.

As I wrote recently, B2B companies rely more on tradeshows and exhibitions to develop leads and build the brand but their participation is increasingly distant and lacklustre. They should learn from automotive and IT industries to leverage trade events.

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CME, the new sheriff in town

B2B companies’ tradeshow strategy has remained unchanged for years. “We are not showing this for consumers, so we do not need to use latest interactive technology and no experiential marketing for industrial customers.”