The document discusses different approaches to mastering market leadership through thought leadership messaging and vision-driven selling. It provides frameworks for crafting compelling messages to engage prospects at different stages of the sales funnel and overcome obstacles through targeted marketing programs. The goal is to position the company as the perceived market leader through consistent messaging that addresses buyers' urgent needs.
VEINTE CLAVES PARA LOGRAR EL éXITO INTERNACIONAL CON PRODUCTOS Y SERVICIOS CO...CompellingPM
This document outlines a compelling marketer model for creating globally competitive products and services. It discusses 20 keys to: 1) identify compelling market opportunities, 2) deliver compelling solutions that meet market needs, and 3) build compelling market development strategies. For each key, it describes the goal, key questions to consider, and elements to include. The overall model provides a framework to maximize the success and profitability of products over their lifecycle.
This document discusses product market fit and building successful products. It outlines that achieving product market fit requires three key ingredients: the product itself, the target market, and the people building the product. It describes the different roles needed from project management to marketing to achieve product market fit and go-to-market success. The document emphasizes the importance of deeply understanding customer problems and building a product that provides value to the target market in order to achieve product market fit and market pull.
There are three main types of markets for startups: existing markets, resegmented markets, and new markets. Each type has different characteristics that affect the startup's customers, needs, performance requirements, competition, risks, and financial model. Existing markets require outperforming incumbents, resegmented markets involve finding underserved customer niches, and new markets must create adoption of an innovative product for customers who never had it before. The type of market a startup enters determines how to approach customer development stages like discovery, validation, creation, and scaling. Founders must understand their market type to set proper expectations and strategies with investors and customers.
This document provides an overview of branding and marketing strategies. It defines a brand and explains why brands are useful for both customers and companies. Brands help differentiate products, create customer loyalty, and build barriers to switching. However, brands can also fail if they are not managed properly. The document then discusses attack strategies in marketing warfare, including guerrilla attacks, bypass attacks, and focusing attacks on a competitor's weaknesses. It emphasizes the importance of intelligence in marketing battles.
This document provides an overview of key concepts in developing a marketing strategy, including the four Ps of marketing (product, price, place, promotion), setting SMART objectives, developing a product strategy and distribution channels, and considerations for pricing, promotions, selling, and customer care. It describes each of the four Ps in some detail and offers tips for developing strategies in each area.
This document provides an agenda and slides for a presentation on opportunity development and managing sales. The presentation covers sales drivers, developing a sales execution strategy, different customer types, how a sales funnel works, and mapping the sales funnel to cash flows. The speaker will discuss sales strategy, categorizing and prioritizing customers, building a realistic sales funnel, and linking projected sales to cash flow statements. Exercises are included to help attendees build out their own sales funnel worksheets.
My invited talk at SAP Startup Studio on Aug 11. The talk was part of the Inspire Us series at the startup studio and was well attended by SAP employees as well as the startups.
The document provides an overview of marketing management processes and concepts. It discusses analyzing market opportunities and selecting target markets. It also covers developing marketing strategies and tactics, as well as organizing and implementing marketing efforts. Additionally, it touches on topics like the product life cycle, Porter's five forces model, segmentation, targeting, positioning, the BCG matrix, and analyzing customers and buying behavior.
VEINTE CLAVES PARA LOGRAR EL éXITO INTERNACIONAL CON PRODUCTOS Y SERVICIOS CO...CompellingPM
This document outlines a compelling marketer model for creating globally competitive products and services. It discusses 20 keys to: 1) identify compelling market opportunities, 2) deliver compelling solutions that meet market needs, and 3) build compelling market development strategies. For each key, it describes the goal, key questions to consider, and elements to include. The overall model provides a framework to maximize the success and profitability of products over their lifecycle.
This document discusses product market fit and building successful products. It outlines that achieving product market fit requires three key ingredients: the product itself, the target market, and the people building the product. It describes the different roles needed from project management to marketing to achieve product market fit and go-to-market success. The document emphasizes the importance of deeply understanding customer problems and building a product that provides value to the target market in order to achieve product market fit and market pull.
There are three main types of markets for startups: existing markets, resegmented markets, and new markets. Each type has different characteristics that affect the startup's customers, needs, performance requirements, competition, risks, and financial model. Existing markets require outperforming incumbents, resegmented markets involve finding underserved customer niches, and new markets must create adoption of an innovative product for customers who never had it before. The type of market a startup enters determines how to approach customer development stages like discovery, validation, creation, and scaling. Founders must understand their market type to set proper expectations and strategies with investors and customers.
This document provides an overview of branding and marketing strategies. It defines a brand and explains why brands are useful for both customers and companies. Brands help differentiate products, create customer loyalty, and build barriers to switching. However, brands can also fail if they are not managed properly. The document then discusses attack strategies in marketing warfare, including guerrilla attacks, bypass attacks, and focusing attacks on a competitor's weaknesses. It emphasizes the importance of intelligence in marketing battles.
This document provides an overview of key concepts in developing a marketing strategy, including the four Ps of marketing (product, price, place, promotion), setting SMART objectives, developing a product strategy and distribution channels, and considerations for pricing, promotions, selling, and customer care. It describes each of the four Ps in some detail and offers tips for developing strategies in each area.
This document provides an agenda and slides for a presentation on opportunity development and managing sales. The presentation covers sales drivers, developing a sales execution strategy, different customer types, how a sales funnel works, and mapping the sales funnel to cash flows. The speaker will discuss sales strategy, categorizing and prioritizing customers, building a realistic sales funnel, and linking projected sales to cash flow statements. Exercises are included to help attendees build out their own sales funnel worksheets.
My invited talk at SAP Startup Studio on Aug 11. The talk was part of the Inspire Us series at the startup studio and was well attended by SAP employees as well as the startups.
The document provides an overview of marketing management processes and concepts. It discusses analyzing market opportunities and selecting target markets. It also covers developing marketing strategies and tactics, as well as organizing and implementing marketing efforts. Additionally, it touches on topics like the product life cycle, Porter's five forces model, segmentation, targeting, positioning, the BCG matrix, and analyzing customers and buying behavior.
This document contains summaries and excerpts from multiple sources on marketing topics. It discusses the purpose of businesses to create and keep customers. It also discusses challenges facing marketers like the failure of traditional advertising and promotions, as word of mouth has become more influential. Customers now want more personalized and customized communication. The document also discusses the concept of blue oceans, where new market space is created that makes competition irrelevant, and examples of companies that achieved this.
This document outlines the agenda for a marketing principles and concepts course consisting of 5 modules. Module 1 will focus on key principles of customer acquisition and cover topics like the evolution of marketing, challenges in the 21st century business environment, the marketing audit process, goals of marketing, and analyzing market opportunities through frameworks like PESTLIED, Porter's 5 Forces, and the product lifecycle. It will be the longest module and include homework assignments on analyzing market opportunities.
1) The document discusses crossing the "chasm" between early adopters and the early majority when bringing a new technology product to market.
2) It recommends finding a "beachhead", a single niche market to target initially through focused marketing to gain a foothold before expanding.
3) The analogy of a D-Day invasion is used - targeting a specific point of attack, assembling forces, defining the battle, and launching the invasion to take over adjacent markets and achieve overall market domination.
This document discusses Dexit Inc.'s opportunity to enter the digital payments market with its own digital currency product. It outlines the company's team and provides a high-level overview of the product, target markets of customers and merchants, revenue model, and marketing mix considerations including price, product, place, promotion, push/pull strategies, and national vs local launch approach. It also includes a SWOT analysis and sections on sustainability, scalability, and lessons learned. The objective is to determine the target markets and appropriate marketing plan to launch the new digital payment product.
The document provides an overview of business model components and strategies for direct and indirect sales channels. It discusses:
- The key components of a business model including customer segments, value propositions, channels, customer relationships, revenue streams, resources, activities and costs.
- Factors to consider for direct and indirect sales channels such as costs, target customers, partnerships, and balancing coverage between the two. Direct sales are suggested for high potential customers while indirect channels can help reach new customers.
- Examples of companies that use different balance of direct and indirect sales, such as Apple's mix of retail stores and partners, and Coca Cola relying entirely on indirect channels.
The document provides guidance on various sales and business development skills and strategies. It discusses prospecting, understanding customer pain points, gaining commitment, developing personal and job skills like product knowledge and sales experience. It also covers increasing account size and importance, different sales channels like direct and indirect sales. The document emphasizes the importance of understanding stakeholders, developing a unique value proposition, validating the product/market fit, and targeting the right customer segment.
The document discusses how startups can cross the chasm between early adopters and the mainstream market. It notes that many startups fail to cross this chasm, even if the technology is adopted, because they focus on building products before finding customers. The ideal startup process focuses on experimenting to find customers and determine if people want to buy the product or service, rather than repeatedly building products without feedback.
This document discusses customer segments. It begins by asking who customers are and why they would buy a product. It then discusses identifying customer jobs that need to be done, problems or needs, and ranking their significance. It also discusses identifying customer pains like costs and issues, as well as gains like benefits and desired outcomes. The document provides examples of defining customer personas and archetypes. It discusses different types of markets and how that impacts factors like customers, needs, risks, and examples. Finally, it discusses concepts like identifying different customer roles, running experiments to test interest, and dealing with multi-sided markets.
The document discusses market segmentation and target markets. It provides definitions of market segmentation and describes it as the process of dividing a market into distinct groups that have distinct needs, characteristics, or behaviors. It then discusses seven steps for successful segmentation for startups: 1) determine life cycle position, 2) create broad market ideas and sub-segments, 3) create customer profiles, 4) assess and eliminate flawed profiles, 5) assess against selection variables, 6) test target segment, 7) repeat if no segment apparent. It emphasizes using a "problem-need" cycle of iterative customer research, testing assumptions and adapting based on results to identify target customer problems and needs.
The document discusses the Lean Canvas model and its components. It defines the Lean Canvas as a tool to document key aspects of a business or product including customer segments, unique value proposition, channels, revenue streams, cost structure, and metrics. It provides examples and explanations for properly formulating each component of the Lean Canvas. The purpose is to help businesses focus on the most important problems to solve, and activities and metrics that will help drive success.
The document outlines a sales process training that includes an overview, definitions of the key stages of a sales process (leads, prospecting, qualification, needs analysis, presenting solutions, objections, and closing), and exercises for salespeople to customize the process for their own roles. Trainees are instructed to complete exercises for each stage to define how they will generate leads, qualify prospects, understand customer needs, address objections, and close deals. The goal is to help salespeople strengthen their skills by developing a clear, customized sales methodology.
The document discusses lean startup approaches such as prototyping and minimum viable products (MVPs) to validate ideas with customers quickly and efficiently. It outlines different types of prototypes including low and high fidelity prototypes and how personas can help focus products. The document also provides guidance on different MVP approaches and market types including existing, new, cloned, and niche markets.
How to Prepare for Investment (14/7/16)Matt Rutter
Matt Rutter, Co-Founder of investment and consulting firm Kingdom Paradigm, shares his insights on what steps entrepreneurs should take PRIOR to approaching an investor for funding. The key: 1) Define a specific target customer with a specific problem, 2) Prove the target customer is willing to pay for your solution, and 3) Forecast a clear ROI or exit strategy.
This document provides an agenda for a Boot Camp 4 Entrepreneurs Session 2 on April 16, 2012 from 5-6:30 PM. The agenda covers feasibility testing, agile business planning, getting to a minimum viable product, prototyping and selling, and reviewing key financial statements (income statement, cash flow statement, balance sheet). It also discusses building something customers want, exceeding customer expectations, and executing effectively using Getting Things Done and SCRUM methodologies.
This document provides an agenda for Boot Camp 4 Entrepreneurs Session 2 on April 16, 2012 from 5-6:30 PM. The agenda covers feasibility testing, agile business planning, getting to a minimum viable product, and bonus content on the E-Myth business model. Topics include homework review, pitching prospects, strategy scoreboards, crossing the chasm, targeting customer pain points, prototypes, and getting work done using scrum.
This document discusses techniques for prioritizing features during product development, including common pitfalls. It describes the "Product in a Box" activity where stakeholders imagine the product as a box on a shelf and identify the most exciting, important and valuable features to appeal to customers. Another technique is "Buy a Feature" where players are given a limited budget to collectively discuss and negotiate which features to purchase based on benefits and costs. The document provides examples and tips for effectively facilitating these activities to build consensus around prioritization.
It’s important to understand the potential impact that a new disruptive technology might have on the marekt. The role of the Market Opportunity Analysis (MOA) is to help guide the process of better understanding of the most important market segments, how fast the opportuity is growing, what are the key sustainable differentiations and why are these important. Finally, the purpose of the MOA is to, on one hand, describe the key value propostions and to profile the most important use cases and how best to acquire customers.
We have prepared the following template which describes the MOA process and how outlines the factors for successfully growing market share. Our IRG MOA PowerPoint takes you through the key steps for learning about emerging market opportunities and using that learning to influence strategic decision making.
The document discusses how to create breakthrough products and experiences that "wow" customers. It provides 5 rules for breakthroughs: 1) having real customers with clear needs, 2) listening to customers, 3) showcasing problem-centric stories, 4) changing the game to win, and 5) only leaders thrive. It also lists must-dos for selling breakthroughs like thought leading the market and accounts. The rest of the document uses HealthShare, a healthcare informatics platform, as a case study for how it transitioned from an underwhelming product to a breakthrough by repositioning itself, re-targeting its market, and driving the breakthrough through market targeting, sales training, and thought leadership programs.
Lessons in B2B Product Management & Solutions Marketing for Enterprise So...Chris Aulbach
This document provides lessons learned from over 15 years of experience in product management and solution marketing for enterprise software. It covers two main areas: market/customer facing lessons and internal/company facing lessons. Some of the key lessons include understanding customers deeply, focusing on strategic value over features, executing effectively on roadmaps and requirements, and leveraging data and relationships to influence others within the company. The document emphasizes balancing both business and customer perspectives to successfully manage products.
- The document discusses how startups can retool their business to target larger enterprise customers by focusing on three key areas: (1) repositioning to change market perception, (2) reengineering go-to-market strategies to match buyer considerations, and (3) retooling internal systems and processes to prioritize speed, data-driven decisions, and cross-functional alignment.
- It provides examples of positioning problems enterprises may have and strategies like clarifying value propositions, updated messaging, and internal documentation.
- Advice on reengineering sales motions includes tailoring approaches based on buyer types and consideration levels, as well as optimizing channels, tripwires, and balancing short and long-
This document contains summaries and excerpts from multiple sources on marketing topics. It discusses the purpose of businesses to create and keep customers. It also discusses challenges facing marketers like the failure of traditional advertising and promotions, as word of mouth has become more influential. Customers now want more personalized and customized communication. The document also discusses the concept of blue oceans, where new market space is created that makes competition irrelevant, and examples of companies that achieved this.
This document outlines the agenda for a marketing principles and concepts course consisting of 5 modules. Module 1 will focus on key principles of customer acquisition and cover topics like the evolution of marketing, challenges in the 21st century business environment, the marketing audit process, goals of marketing, and analyzing market opportunities through frameworks like PESTLIED, Porter's 5 Forces, and the product lifecycle. It will be the longest module and include homework assignments on analyzing market opportunities.
1) The document discusses crossing the "chasm" between early adopters and the early majority when bringing a new technology product to market.
2) It recommends finding a "beachhead", a single niche market to target initially through focused marketing to gain a foothold before expanding.
3) The analogy of a D-Day invasion is used - targeting a specific point of attack, assembling forces, defining the battle, and launching the invasion to take over adjacent markets and achieve overall market domination.
This document discusses Dexit Inc.'s opportunity to enter the digital payments market with its own digital currency product. It outlines the company's team and provides a high-level overview of the product, target markets of customers and merchants, revenue model, and marketing mix considerations including price, product, place, promotion, push/pull strategies, and national vs local launch approach. It also includes a SWOT analysis and sections on sustainability, scalability, and lessons learned. The objective is to determine the target markets and appropriate marketing plan to launch the new digital payment product.
The document provides an overview of business model components and strategies for direct and indirect sales channels. It discusses:
- The key components of a business model including customer segments, value propositions, channels, customer relationships, revenue streams, resources, activities and costs.
- Factors to consider for direct and indirect sales channels such as costs, target customers, partnerships, and balancing coverage between the two. Direct sales are suggested for high potential customers while indirect channels can help reach new customers.
- Examples of companies that use different balance of direct and indirect sales, such as Apple's mix of retail stores and partners, and Coca Cola relying entirely on indirect channels.
The document provides guidance on various sales and business development skills and strategies. It discusses prospecting, understanding customer pain points, gaining commitment, developing personal and job skills like product knowledge and sales experience. It also covers increasing account size and importance, different sales channels like direct and indirect sales. The document emphasizes the importance of understanding stakeholders, developing a unique value proposition, validating the product/market fit, and targeting the right customer segment.
The document discusses how startups can cross the chasm between early adopters and the mainstream market. It notes that many startups fail to cross this chasm, even if the technology is adopted, because they focus on building products before finding customers. The ideal startup process focuses on experimenting to find customers and determine if people want to buy the product or service, rather than repeatedly building products without feedback.
This document discusses customer segments. It begins by asking who customers are and why they would buy a product. It then discusses identifying customer jobs that need to be done, problems or needs, and ranking their significance. It also discusses identifying customer pains like costs and issues, as well as gains like benefits and desired outcomes. The document provides examples of defining customer personas and archetypes. It discusses different types of markets and how that impacts factors like customers, needs, risks, and examples. Finally, it discusses concepts like identifying different customer roles, running experiments to test interest, and dealing with multi-sided markets.
The document discusses market segmentation and target markets. It provides definitions of market segmentation and describes it as the process of dividing a market into distinct groups that have distinct needs, characteristics, or behaviors. It then discusses seven steps for successful segmentation for startups: 1) determine life cycle position, 2) create broad market ideas and sub-segments, 3) create customer profiles, 4) assess and eliminate flawed profiles, 5) assess against selection variables, 6) test target segment, 7) repeat if no segment apparent. It emphasizes using a "problem-need" cycle of iterative customer research, testing assumptions and adapting based on results to identify target customer problems and needs.
The document discusses the Lean Canvas model and its components. It defines the Lean Canvas as a tool to document key aspects of a business or product including customer segments, unique value proposition, channels, revenue streams, cost structure, and metrics. It provides examples and explanations for properly formulating each component of the Lean Canvas. The purpose is to help businesses focus on the most important problems to solve, and activities and metrics that will help drive success.
The document outlines a sales process training that includes an overview, definitions of the key stages of a sales process (leads, prospecting, qualification, needs analysis, presenting solutions, objections, and closing), and exercises for salespeople to customize the process for their own roles. Trainees are instructed to complete exercises for each stage to define how they will generate leads, qualify prospects, understand customer needs, address objections, and close deals. The goal is to help salespeople strengthen their skills by developing a clear, customized sales methodology.
The document discusses lean startup approaches such as prototyping and minimum viable products (MVPs) to validate ideas with customers quickly and efficiently. It outlines different types of prototypes including low and high fidelity prototypes and how personas can help focus products. The document also provides guidance on different MVP approaches and market types including existing, new, cloned, and niche markets.
How to Prepare for Investment (14/7/16)Matt Rutter
Matt Rutter, Co-Founder of investment and consulting firm Kingdom Paradigm, shares his insights on what steps entrepreneurs should take PRIOR to approaching an investor for funding. The key: 1) Define a specific target customer with a specific problem, 2) Prove the target customer is willing to pay for your solution, and 3) Forecast a clear ROI or exit strategy.
This document provides an agenda for a Boot Camp 4 Entrepreneurs Session 2 on April 16, 2012 from 5-6:30 PM. The agenda covers feasibility testing, agile business planning, getting to a minimum viable product, prototyping and selling, and reviewing key financial statements (income statement, cash flow statement, balance sheet). It also discusses building something customers want, exceeding customer expectations, and executing effectively using Getting Things Done and SCRUM methodologies.
This document provides an agenda for Boot Camp 4 Entrepreneurs Session 2 on April 16, 2012 from 5-6:30 PM. The agenda covers feasibility testing, agile business planning, getting to a minimum viable product, and bonus content on the E-Myth business model. Topics include homework review, pitching prospects, strategy scoreboards, crossing the chasm, targeting customer pain points, prototypes, and getting work done using scrum.
This document discusses techniques for prioritizing features during product development, including common pitfalls. It describes the "Product in a Box" activity where stakeholders imagine the product as a box on a shelf and identify the most exciting, important and valuable features to appeal to customers. Another technique is "Buy a Feature" where players are given a limited budget to collectively discuss and negotiate which features to purchase based on benefits and costs. The document provides examples and tips for effectively facilitating these activities to build consensus around prioritization.
It’s important to understand the potential impact that a new disruptive technology might have on the marekt. The role of the Market Opportunity Analysis (MOA) is to help guide the process of better understanding of the most important market segments, how fast the opportuity is growing, what are the key sustainable differentiations and why are these important. Finally, the purpose of the MOA is to, on one hand, describe the key value propostions and to profile the most important use cases and how best to acquire customers.
We have prepared the following template which describes the MOA process and how outlines the factors for successfully growing market share. Our IRG MOA PowerPoint takes you through the key steps for learning about emerging market opportunities and using that learning to influence strategic decision making.
The document discusses how to create breakthrough products and experiences that "wow" customers. It provides 5 rules for breakthroughs: 1) having real customers with clear needs, 2) listening to customers, 3) showcasing problem-centric stories, 4) changing the game to win, and 5) only leaders thrive. It also lists must-dos for selling breakthroughs like thought leading the market and accounts. The rest of the document uses HealthShare, a healthcare informatics platform, as a case study for how it transitioned from an underwhelming product to a breakthrough by repositioning itself, re-targeting its market, and driving the breakthrough through market targeting, sales training, and thought leadership programs.
Lessons in B2B Product Management & Solutions Marketing for Enterprise So...Chris Aulbach
This document provides lessons learned from over 15 years of experience in product management and solution marketing for enterprise software. It covers two main areas: market/customer facing lessons and internal/company facing lessons. Some of the key lessons include understanding customers deeply, focusing on strategic value over features, executing effectively on roadmaps and requirements, and leveraging data and relationships to influence others within the company. The document emphasizes balancing both business and customer perspectives to successfully manage products.
- The document discusses how startups can retool their business to target larger enterprise customers by focusing on three key areas: (1) repositioning to change market perception, (2) reengineering go-to-market strategies to match buyer considerations, and (3) retooling internal systems and processes to prioritize speed, data-driven decisions, and cross-functional alignment.
- It provides examples of positioning problems enterprises may have and strategies like clarifying value propositions, updated messaging, and internal documentation.
- Advice on reengineering sales motions includes tailoring approaches based on buyer types and consideration levels, as well as optimizing channels, tripwires, and balancing short and long-
Zero to 100 - Part 2: Building a Repeatable, Scalable Growth ProcessDavid Skok
Zero to 100 is a learning program from David Skok. It is a detailed instruction manual for how to take your startup from zero to $100m, with a particular focus on the area of building a go-to-market machine. So many of today’s founders come from a product or technical background, and have never been involved with sales and marketing. Right after starting their venture, they are hit with the huge problem of how to build their go-to-market organization and processes. It breaks the journey down into 9 steps, and explains why it is crucial not to skip steps in this journey in the rush to get ahead. The major emphasis of the course focuses on building a repeatable, scalable and profitable growth machine. Once you have that in place, you are ready to hit the gas and scale like crazy.
To see videos of the presentations, click here: https://www.forentrepreneurs.com/matrix-growth-academy-zero-to-100-videos/
This presentation was delivered to a group of 40 Founders/CEO's and a few salespeople who want to know what they should be thinking about before they hire salespeople.
Broad address of the prevailing thought processes, techniques and methodologies for early adopter sales.
This document provides an overview of key marketing concepts including the marketing concept, marketing environment, market research, demand forecasting, consumer and organizational buying behavior, marketing mix, product life cycle, new product development, distribution, promotion, personal selling, and pricing decisions. It also compares selling and marketing orientations and discusses factors influencing marketing communications.
Building and scaling a product team is a challenge that every successful product company faces. Brainmates hosted this Sydney AU meetup where we talked about:
- When and how does a startup hire its first product manager?
- Division of labor: how do we grow from one to three to many product folks?
- End-to-end management of product elements/features, or product owner and business owner roles?
- How big is too big?
The document summarizes Geoffrey Moore's book Crossing the Chasm, which discusses how high-tech companies can successfully transition from selling to early adopters to reaching the mainstream market. It outlines Moore's concept of a "chasm" between these two customer groups that must be crossed. To do so, Moore recommends identifying a "beachhead market" of pragmatic early customers and developing a "whole product" tailored to their needs. This focused approach aims to gain a foothold before expanding to other segments, analogous to the D-Day invasion strategy of targeting a single point of attack. The book has significantly influenced high-tech entrepreneurship and marketing.
This document discusses creativity and innovation for entrepreneurship. It covers several key points:
1) Marketing and innovation are both essential functions for an organization, with the customer as the central focus. Innovation can create new customers or solve problems for existing target markets.
2) Organizations must decide whether to focus on innovation and shaping new markets, following customers' needs, or interacting with customers. The optimal approach depends on factors like management style and the business environment.
3) Creating an effective business model is important for capturing value from innovations. Innovative models look at the value proposition, revenue generation, capabilities, and position in a network. The business model canvas is a new approach discussed.
Understanding the customer must lie at the foundation of your Business Strategy, your Business Model(s) resulting in Competitive Advantage. Not understanding the customer accounts for everything else we do in business.
The document summarizes the key steps in the personal selling process for salespeople. It discusses prospecting, qualifying leads, pre-approach planning, making an approach, presenting and demonstrating products, overcoming objections, closing the sale, and following up with customers. It also outlines different types of sales organizations, including line, line and staff, functional, and horizontal structures and considers factors in determining the optimal size of a salesforce.
The document discusses the pre-approach stage of strategic customer sales planning. It involves determining sales call objectives, developing customer profiles, creating customer benefit plans, and developing sales presentations. The pre-approach stage requires strategic problem solving to understand customer needs, develop creative solutions, and arrive at mutually beneficial agreements to create strategic customer relationships. The document also reviews different structures for sales presentations, including memorized, formula, need-satisfaction, and problem-solution approaches. It emphasizes having a plan for opening the sales presentation through statements, demonstrations, or questions.
Demystifying Agile Product Management - By Rich MironovSynerzip
This webinar discusses, in depth, the product manager and product owner role in Agile.
We’ll unpack goals, roles, and the skills needed to deliver great products with revenue impact.
Read more at https://www.synerzip.com/webinar/demystifying-agile-product-management-webinar-january-2014/
This document discusses customer development and company building. It covers moving from early adopters to mainstream customers by managing sales growth based on market type. It also discusses crossing the chasm between early adopters and mainstream pragmatists. Strategies for crossing the chasm include creating a "whole product", focusing on one or two market segments, and becoming a market leader in a niche. The document also discusses evolving management and developing a mission-centric culture as a company grows.
Ch2: Personal Selling: Preparation and Processitsvineeth209
This document discusses the key steps in the personal selling process. It outlines the learning objectives of understanding psychology in selling, the buyer's decision process, buying situations, and the sales process. The sales process involves prospecting, pre-approach planning, approaching the buyer, presenting and demonstrating the product, overcoming objections, closing the sale, following up, and potentially negotiating. The document also explains different buying processes for households and businesses, as well as buying situations. It emphasizes understanding the buyer's needs and using different sales presentation methods and styles.
Customer Discovery: A Powerful, Crucial Discipline as Important for Establish...Lean Startup Co.
This document discusses customer discovery and the lean startup methodology. It begins by explaining why customer discovery is important for lean innovation and avoiding business failures due to a lack of customers rather than inability to build a product. It then outlines the three key phases of customer discovery: 1) determining if the problem being solved is important, 2) identifying existing solutions, and 3) testing what differentiates the proposed solution. Additional sections provide principles of customer discovery, challenges that can be faced, and how to determine if product-market fit has been achieved. The document emphasizes the importance of getting out of the building to talk directly to customers throughout the discovery process.
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SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani case
Time and again, the business group has taken up new business ventures, each of which has allowed it to expand its horizons further and reach new heights. Even amidst the Adani CBI Investigation, the firm has always focused on improving its cement business.
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2. Mastering the Breakthrough Topline
revenue
The must do’s to quickly and decisively:
• Quickly accelerate revenue
• Ensure superb new product/service launches
• Fix topline problems/ eliminate selling roadblocks
• Slash sales cycles
• Annihilate the competition, especially do nothing
• Drive high impact, consistent company execution
5. When Solution Leadership Works
• High percentage of the solution is unique
• Buyers dig deep to appreciate unique values
• Solution especially appeals to early stage buyers:
• Bleeding-edge, leading-edge, early adopters are excellent targets
• Pioneering buyers seeking significant advantages
• Productive evaluations: buyers dig into your solutions
• Successful implementation: buyers readily push the solution’s limits
and are not put off by rough edges
6. Alas, Solution Leadership Erodes
• More and stronger competitors emerge
• Competitors respond by copying your core features
• Feature-based competitive edge erodes rapidly
• “Good enough”: 20 - 80% features
• Proving differentiation to less knowledgeable buyers
• Fewer and fewer new “killer app” feature opportunities
The Development Death Spiral
Crashing faster while struggling to develop your way out of competitive
differentiation issues/ problems
7. When Sales Leadership Works
You excel at “hand-to-hand combat”:
• You can readily master new account entry
• Develop “own leads” if necessary, but it’s not that tough
• Fight to enter “active evaluation "as a real contestant
• And, master competitive battles
• Great product/industry knowledge
• Superior sales personnel
• Strong sales support: engineers, consultants, product/industry
specialists
• Sales leadership works very well from earliest stages
through to mid-stage buyers
8. Sales Leadership Erodes
• Cost
• Operation costs too much, takes too long, is much too hard
• Huge growth challenges: slow-to-realize, costly failures
• Capacity
• Quickly run out of skilled hand-to-hand combatants
Eagles don’t flock
• Often run out of early-stage/mid-stage buyers
• Leads to the evolution of into a “deal-driven company”
9. Mastering Topline Performance
Mastery of the must do’s for breakthrough top line Success:
• Market Thought Leadership
Message-based market leader strategy: positioning and message-based strategies to
define, seize, and “own” markets, plus crush competitive threats
• Account Thought Leadership
Vision-Driven Selling – Crafting and refining a highly productive,
reliably predictable “killer sales machine”
• “Obliterate Obstacles” Focus
“Boulder Blasting” Marketing – a problem-focused high-impact solution that obliterates
major success-impacting obstacles to quickly boost revenue/ fix growth problems
10. Market Leader or Hand-to-Hand?
A market thought leader has:
• High positive aura and exciting market buzz
• Broad message consistency
• Easily reached strategic/tactical-direction consensus
• Natural pipeline sufficiency/easy pipeline growth
• Highly efficient, predictable revenue production
Symptoms of excessive hand-to-hand combat:
• The 3 D’s: Demo, Discount, Develop
• Poor conversion of leads to closed sales
• Hard to create urgency and consistent timely closes
• Accounts languishing in pipelines
• Select performers produce almost all the revenue
• Difficulties in maintaining price
Minimize hand-to-hand combat
11. Ultimate Leadership: Category Killer
First, Create the Category Then, Become the Category Killer
• Name it • Position for leadership
• Define key characteristics • Follow the validation roadmap
• Promote differentiated, • Promote leadership/
compelling benefits growing momentum
12. Marketing and Market Leadership
“Marketing is the one thing in a
company that is too important
to delegate”
— David Packard
14. Understanding the 3 Key Dimensions of Buyers
To really understand buyers:
you must understand the three key dimensions that drive
critical actions -- who, how, when and what they buy:
• Action Drivers
• Time-shifted Action Drivers
• Level-shifted Action Drivers
16. Why Pitch to Other Than Urgent?
Useful/important needs bring these benefits:
• Empathy
Resonates with “popular/ trendy thinking”
• Speed
Often easier and quicker to present and explain
• Interest
Greater range of feature/benefits can make for more interesting marketing
materials and sales conversations
• Volume
Creates much “longer lists” when needed
Drive focus to urgent needs as you approach the sales goal line
Remember: customers distract you by seemingly focusing
on useful and important issues
17. Before and After: The Time-shifted Action Drivers
Pre-sales list: Post-sales list:
• List incomplete • List clear, soon obvious
• Sales and marketing can • Meets most urgent and some
influence lists important/useful needs
• Excel at useful and important but • Usually niche, but with a loyal
may lack urgent needs customer base
• Often early leaders, but frequently • Enriched product line/ more
fads, then shelfware products crucial to growth
• Second-acts essential
Most likely embraced by: Most likely embraced by:
• Sales dominant • Engineers/product specialists
dominant
• Those newer to domain
• Those with domain expertise
Market Leaders master BOTH lists
18. Above and Below: The Level-shifted Action Drivers
Words: Risk, Cost, …
Focus: problems, strategies
Challenges: journeys
Urgent needs: wins on my watch, in charge not in
Budget Makers control,
Budget Takers strategic problem yet no strategic solution, …
Words: Risk, Cost, …
Focus: products, processes
Challenges: destinations
Urgent needs: I’m valuable/ important/ strategic, …
19. Some Early PC Market Examples
Apple Microsoft
Computer in every home Computer on every desk
Market Approach
Ease of use, fun Be faster and better at your job,
Control your destiny (your own: data; timing,
Some Urgent Needs
change, processes, etc.)
Integrated, single-vendor Open, extensible (new capabilities),
complete solution, works upgradeable (future-proof), multi-vendor
immediately out of the box, “I” can commoditized approach (lower cost), familiar
Some Pre-Sale Needs
do it; elegant, simple enterprise vendors (safe)
20. Creating Urgency
The three key rules for creating urgency:
1. Position to urgent needs
2. Create/leverage decision-level relationships
3. Obliterate showstopper objections
21. Creating Demand
• You can’t create need
• But you can transform latent needs into
active demand
• In today’s markets “demand creation”
becomes paramount
• “Leadgen” is not demand generation, therefore
leadgen has become less and less effective
22. Acquiring/ Vetting Knowledge
• The “testing” scenario
• Tell peer-based problem stories and their proposed
solution direction
• Suggest hypotheses
• Feedback based on “tells”
• Speed to aha
• Openness and energy
• Word/ theme reuse and enriching
• Consider formal testing
• Always perform informal, continuous testing
22
23. Targeting Summary
• Target “markets” not “populations”
• Populations: superficial commonality (size, geography, etc.)
• Markets – commonality in buying/lead with a common message
• More compact markets are way more efficient
• Easier to know/understand/serve
• More affordable to reach
• More credible to become the perceived leader
• Ideal markets:
You can quickly and credibly become perceived as #1 or #2 and the
market (segment) is just big enough to meet your revenue targets
24. Targeting Summary (cont’d)
Targets
• Groups with high buyer homogeneity – alike in dimensions such as
buyer profiles
• urgent/important/useful
• Pre/post
• Strategic values/tactical needs
Sales versus marketing targets
• Overlap but not completely congruent
• Sales sweet spot: likely to buy from you on standard terms
• Marketing target: focus for market leadership initiatives, demand
creation activities and sales support leverage
26. The Leadership Framework
Transform Strategies to Action
The Tale Telling of the Tale Driving Results
Strategies
Business
Market
Programs
Vision Market Positioning Packaging Packaging
Execution
Targeting Positioning Packaging
Targeting Strategies
Long-term Current competitor- and marketplace- High impact
company strategy focused strategies, tactics and messages problem-solving/
and marketplace [per product/product line/market] revenue-driving
position execution
3 - 7+ Years 6 - 18+ month refresh cycle
27. Mastering Market Leadership
It Starts With Vision
Vision drives focus for market leaders
Leaders consistently project a clear, crisp, compelling vision
within their companies and throughout their marketplace
28. Competitive Positioning:
Staking Out The Corners
SAP – The Most
Customers, features, languages, processes, partners, …
Oracle – Technology
Technology leader, PeopleSoft – People
best technology, …
Nice people to do business with,
Leverage human capital, …
Baan JD Edwards – ?
Technology leader?
Nice people to do business with?
Mid-market?
29. Leveraging Communications
The Three Primary “Aha!”Types
• Narrative
Prose text, analytical/logical presentation
• Metaphorical
Word pictures, stories, analogies
• Visual
Graphics, charts, diagrams, pictures
Because “speed to aha” is critical
30. The Message Structure
• Level 0 – problem context
• Problem theme
• Drive the sales cycle/account focus: solve this problem
• Drive focus on urgency to drive action
• Level 1 – benefit theme
• The compelling customer promise
Vision • Grabs attention/builds empathy/sets the tone
Message • Level 2 – differentiation theme
Structure
• “What sets us apart from everyone else is …”
• Drives leadership
Account entry/mass market messaging/executive selling
• Level 3 – the secret sauces
• Key differentiation enablers
avoid fluff, make it real
• Defend positioning/set competitive traps
• Level 4 – your solution
• Prove the vision
• Showcase the feature
• Ace the checklist
• Prove the assumptions/ ROI basis
31. The Market Leadership Message
• Starts with problem-based bonding
• Driven with vision-centered messages
• Crisp, clear
• Speed to “aha”
• Compelling (different)
• Repeatedly used/ Repeatable by them
• Multi-level “what’s in it for me”
32. Initial Core Messaging that Yielded Breakthroughs
Approach/
Vendor i2 PeopleSoft SAP Oracle
Need for Mantra of modern
Execs not in control of Islands of automation
Problem Theme Step-change business : Do more
global business run the business
Cost savings for less forever
Breakthrough
Regain control of the Knit together the
Benefit Theme $50B … productivity at the
enterprise islands of automation
frontlines of business
Integrate Push power of the Integrated single Integrated global data
Differentiation Theme Forecasting computer to the global application across disparate
Global SC … frontlines solution platforms
MRO Peopletools One version of the Multiplatform support
Secret sauces truth
RTAP Visual organization Fast first step
[2 – 6] Baked in processes
… … support Complete environment
35. The Real Battle in the Sales Funnel
Engage
(Re) Position
Traction Vision Lock
Prove
Close
36. Feature List Hell
Traction without leadership No Vision Lock
Predictable Feature Hell outcomes:
• Do nothing
• Buy from biggest/ safest
• Buy cheapest
• Lose to predetermined vendor
• A crushing implementation
• A profile successful sale
37. Market the Vision, Sell the Solution
Seize Control:
Define the battle
Market the Vision: Vision Messages:
• Crucial to create “right” interest • Focus on the customer
• Key to call high/stay high • Crisp, clear, compelling messages
• Drives evaluation requirements • Showcase named problem/features
• Leverage techniques:
• Stories, examples, visuals, sound bites, metaphors
Vision Vision
Vision
Lock
Lock
Solution
Sell the solution: Solution Messages:
• Evaluation focuses on vision proof • Showcase comprehensive, rich, solution
• Sets competitive traps • Drive series of “next steps”
• Maintain executive focus/involvement • Leverage references, demos, proofs
Make the Sale:
Win the battle
38. Messages Transform
The Telling of the Tale Evolves Across the Buying Process
≠ Comfort Zone
H2H
Fails
Top of Speed Customer-
Hot, Strategic
Funnel to “aha” centric
Exciting Values
Aura
Different Crisp
Themes Buzz
Messages
Traction
H2H
Bottom OK
of Quantity/ Product
Safe Tactical
Funnel Depth centric
Needs
Better Rich Relationships
Messages
Lists
= Comfort Zone
40. "New Message” Communications
The Prioritized Sequence for New Message Roll-out
Effective Communications Leverage
1. Company internally
2. Customers
3. Influencers
4. Mass media
5. Prospects
Numbers of Communications Constituents
41. Obliterating Obstacles
Pebbles Rocks Boulders
Annoying Slows down sales activities Roadblocks sales activities
Marketing solutions may “feel Good marketing can streamline results and Great marketing essential for revenue
good” but provide little practical minimize sales slowdowns success
sales benefit
Minimal effect on any rep Especially effects new reps and below-average Hits all reps hard
performers; minimal effect on skilled hand-to-
hand combatants
Magic wand to make them Magic wand to make them disappear: revenue Magic wand to disappear make them
disappear: no effect on revenue improves slightly, especially if lots of new reps or disappear: revenue explodes
large number of below-average hand-to-hand
combatants
42. Only Programs Blast Boulders
Boulders: A
Huge revenue backup programs
• Hand-to-hand: useless
• Breakthrough revenue increase potential
Large Rocks:
Sales may slow down but likely just difficult B
programs
• Real/perceived problems
• Trips good reps sometimes, new reps more often
Small rocks/Pebbles/gravel:
Often annoying CNo
• Marketplace real/perceived problems programs
• Other real/perceived issues/factors
43. Obliterating Obstacles: Leverage A/B/C Programs
“A” Boulder-mover programs
A • Approach: whatever It takes for World-class
programs
• Gate #1: ability to execute world-class for programs type
• Gate # 2: competitive/marketplace context allows world-class
• rise above the “clutter”
• rise above market share leaders
B
programs
• rise above mindshare leaders
“B” Friction point reduction programs
Minimal resources for passing results
pass, don’t fail, but don’t waste resources beyond passing
CNo
“C” None of the above
programs
only if you have loads of excess budget/bandwidth
“A' ” — Opportunistic programs: A-level results for minimal costs