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Value-ology: Aligning sales and marketing to shape and deliver profitable customer value proposition
Building the Foundation of Value-ology
What Is Value?
The Elephant in the Room
Why Is Getting a Common View on Value Difficult?
The Ambiguity of What Is Meant by Value
Value Defined
Different Types of Value
Economic Value
Perceived Value
Relational Value
Experiential Value
Social Value
Buyer Myopia and Value Destruction
The Difference Between Quality, Satisfaction and Value
A Word on Value, Values
The Dynamic Nature of Value
Unlocking the Value Conversation
Further Reading on Business to Business Value
Value Propositions: So What Are They?
What Is a Value Proposition?
It's About Customer Benefits
Customer Impact
It's a Promise for the Future
Monetary Calculation
It's Unique
It's Based on Deep Customer Understanding
Why Are Value Propositions Important?
It's Not All About the Product
Relevant Customer Insight
The Value Proposition Approach Could Be the Difference
Value Propositions Deliver Results
If There's No Value All You're Left With is Price
Our Approach: The Value Proposition System
Understanding Key Business Issues
Developing Proposition Themes
Industry Vertical Propositions or Segment Propositions
Customer Value Propositions (CVPs)
Example Call Centre Value Proposition
Individual Customer Value Propositions (CVPs)
Don't Forget the Follow Up
Further Reading
The Value Proposing Professional
You Create Value Too
Your Personal Value
Types of Professional Sales Research
Research into Sales Process Management Customer Decision-making
Research into Psychological Techniques of Selling
Supplier-Customer Social Interactions: What Does the Missing Middle Look Like?
Understanding Sales Professionals as Value- Proposing Actors
Impression Management
Becoming a Value-Proposing Professional
Being Able to Anticipate Customer Value
Being Good at Understanding the Social Dimensions of Buying Situations
The Four Scenes of Buyer -Seller Interaction
The Importance of Dialogue
Being Good at Understanding What Is Relevant to the Customer
Relevance Contextualises Customer Benefits
Using Relevance-Making Capability to Build Value-Ology
The Arts of Value-Ology
Conclusion
Further Reading
Creating Your Value-ology Blueprint
Unearthing Customer Value
The Benefits of a Theme-Based Approach
Why Creating Themes Matters
How to Identify Key Proposition Themes
The Mixed Method Approach to Gathering Customer Intelligence
Industry Vertical or Segment Research
Customer and Individual Level Research
Competitor and Capability Research
It's Not Just About the Product
Just Because You're Unique Doesn't Make You Useful
It's About Competing for Benefits... Proposition Level
Think About New Ways to Deliver the Benefits
Beware: The Most Common Pitfall
The Art of Interviewing
Final Thoughts: Staying Ahead
Leverage Online Resources
Talk to Customers Whenever You Can
Ask Your Sales Team to Be Involved
Analyse Data from All Sources
Implement a Process to Conduct Win-Loss Analysis
Further Reading
Aligning Products and Solutions to Themes: From Bombardment to Customer Value Conversations
Why Is This Important?
Selecting Proposition Themes
How Do Your Customers Create Value for Their Customers?
Sell Side
Inside
Buy Side
Aligning Themes and Products
From Bombardment to Value Relevance
Proposition Ladders
Gaps and Partnerships
Fill the Gap or Not?
Developing Solutions
Building a Solution
The Golden Thread
Further Reading
Your Buyer's Journey: Developing a Consistent Message
From Tyre Company to Fine Dining Reviewer
Today's Challenge
Who Is Your Target Buyer?
The Buying Experience
Building Customer Touchpoints
Further Reading
Mobilising Value-ology in Your Organisation
Developing Coherent Campaigns
Are Marketing Campaigns Dead?
The Elements of a Marketing Campaign
So What's the Difference Between Strategy and Tactics?
Why Do You Need a Marketing Campaign Plan?
Critical Roles to Success
The Planning Framework
Phase 1 Discovery
External Discovery
Internal Discovery
Strategy and Planning
Messaging
Content Creation
Tactical Execution
Measurement
Pitfalls to Avoid When Campaign Planning
Further Reading
Driving Results Through Account-Based Marketing
What Is Account-Based Marketing?
The Challenge
The Benefits of Implementing ABM
How Do I Get Started?
Choosing the Right Accounts
Account-Level Research
Customer Value Proposition
Customised Assets and Offers
Marketing and Sales Delivery
Common Pitfalls with Account-Based Marketing
Further Reading
Align or Die? Ensuring Marketing and Sales Are Aligned with the Customer
Definition of Alignment
The Approach
Why Is Alignment Important?
Alignment Issues: What Does the Academic Research Say?
Economic Differences
Cultural Differences
Cognitive 'Thought World' Differences: On the Same Wave-Length?
Sales 'Buy-in' of Marketing Strategies
Survey Results
Why Do Customers Buy from You?
What Sets You Apart from Competitors?
Does Your Firm Have a Clear Value Proposition?
How Useful Is Content?
What Do Current Practitioners Say?
Goal Alignment: Enabler or Tension Point
Role Alignment: Are We All in Sync?
‘Tactical’ Campaign and Lead Management Roles
Director, Campaign Management, global company
Divisional President, global organisation
Information and Conversation Flow
Role Clarity and the 'Sophistication' Gap
It's All About the Organisation—Or Is It?
Thought Worlds and Culture
How Aligned Are Your Marketing and Sales to the Customer?
Road to Nowhere
Road to Hell
Rocky Road: Long and Winding Road
Highway to Heaven
A Framework for Alignment
Goal Alignment
Role Alignment
Resources
Information and Conversation Flow
Processes
Success
And Finally ... Alignment for Value-Ology
Alignment for Value-Ology
Steps 1 and 2 Mind Your Language!
Step 3 What Does Marketing Need to Provide to Sales to Allow Them to Confidently Develop Value in a Social Setting?
Step 4 Enhancing Market and Customer Understanding
Step 5 Campaign Alignment
Language: What Do We Mean by Campaign?
Goals and Roles: Again!
Step 6 Alignment for Account Based Marketing (ABM)
Further Reading
Cohesion Is the New Differentiator: Are You Ready?
To the Future: A Word on Skills—Another Elephant in the Room?
Finally ... This Is Not an Option
Further Reading
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