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Innovation capability: The impact of e-CRM and COVID-19 risk perception
Affiliation:Foreign Trade University, 91 Chua Lang, Hanoi, Viet Nam
Abstract:
The e-CRM application has currently offered benefits for companies in different business sectors, especially in hospitality industry. The objective of this paper is to investigate the impact of e-CRM components (i.e. technology-based CRM, knowledge management and customer orientation) on firms’ innovation capabilities. Data was collected through a structured questionnaire survey conducted in Vietnam. The dataset consists of 213 valid responses by managers. Correlation analysis and structural equation modeling (SEM) were employed to examine the causal relationships among technology-based CRM, knowledge management, customer orientation, long-term relationships and innovation capability. The results show that knowledge management, customer orientation and technology-based CRM have positively influence on long-term relationships and innovation capability. Covid-19 risk perception has the role in enhancing the link between long-term relationships and innovation capability. From these findings, this study provides an improved understanding of how knowledge management, customer orientation and technology affect on innovating activities. This study also provides several implications for practice.
Keywords:Customer orientation  Knowledge management  Risk perception  Innovation capability  Technology-based CRM  Hotel sector
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