North American Association of Sales Engineers
Why Do Ideas Die or Not Get Realized?
On January 19, 2022, Alex and Anatoly Agulyansky introduced their product Priz Guru (www.priz.guru) in a webinar to a group of engineer experts and the NAASE.
The co-founders of the innovation and design platform, who happen to be father and son, created a tool which helps organize design and creative thinking and problem-solving processes.
Each innovation and problem-solving process is handled as an individual project with its very own fingerprint in which the user is forced to consider a case over and over again.
In the overall process, the problem is put forth first. Only in a second step, ideas and solutions are sought and analyzed by various scientific tools, all collectively accessible on one platform. The platform itself can be operated either online based or installed on premise, if desired.
The core question “Why do ideas die or do not get realized?” (as happens to approximately 80% of problem-solving ideas and innovations) marks the backbone of the application.
“Problem solving as a science”.
Knowing about the variety of possible blockers, the platform offers a toolbox of best-in-class scientific design and creative thinking tools (e.g. Round Robin Ranking, 5+ Why’s, Cause and Effect Chain (CEC), etc.) and streamlines the overall documentation by collecting all steps and the evolution of each case individually.
Priz’ innovation and problem solution processes incorporate the personal workspace as well as teamwork spaces, allowing easy access to the projects at hand.
Asked for the main value, the creators highlight the enhanced process of an engineering solution or innovation- which can be presented to the manager.
Another highlight is the extraordinary safety and security of the platform, safeguarding proof of ownership and copyrights. Priz Guru grants privacy of all innovation data and thoughts which has been attested by an audit. The owners do not have access whatsoever to any data on this platform.
As co-founders seek further growth and adaption to the users’ needs, exchanging thoughts to further enhance the platform with the expert group proved helpful.
NAASE members are eligible for a discount off PRIZ GURU monthly subscription fees. Inquire for more details.
**This article was written by NAASE Volunteer, Constanze Koch
How to Manage Tasks Priority with Urgency – Importance Matrix (UIM)
(This article submitted by PRIZ GURU)– We are excited to announce a recent release of an additional Creative Thinking Tool in PRIZ online innovation platform, Urgency – Importance Matrix (UIM). This tool is built to help you to avoid mistakes, save time in managing tasks priority and make decisions.
The new tool is a practical instrument for task priority management. Urgency – Important Matrix is most effective in conjunction with Roun – Robin Ranking (RRR).
About Urgency – Importance Matrix (UIM)
Tasks priority management by Urgency – Important Matrix is widely described in the literature. You can find a lot of relevant information on the Internet. For instance, Eisenhower’s Urgent/Important Principle, How to Master your Priorities with the Urgent-Important Matrix, Prioritization Matrix 101: What, How & Why? (Free Template) and many others.
Here, we are going to describe our vision on the Urgency and Importance classification and also to propose a practical tool for effective management of task priority using the Urgency – Importance Matrix (UIM) tool.
Let’s start with the TASK definition. Do we understand what TASK means? What is a TASK? Try to imagine that you are working in front of your computer already for a couple of hours and you are willing to grab a cup of coffee. Please think and answer: Go to the cafeteria and drink coffee – is it a TASK? Or another scenario: Invite your colleague to the cafeteria and spend some time drinking coffee together – is this a TASK? Another scenario: your manager invited you to the cafeteria for a cup of coffee – would this be a TASK? Do you feel the difference between different scenarios of the same action – drink coffee? Sure you do.
Now try to define which one is TASK out of the following:
- Find the root cause of the failure
- Fetch and analyze data
- Visit Irish pub with friends
- Visit a doctor
- Watch a movie…
Did you find TASKS?
You can find a lot of information about TASK definition, but we choose what we like best, the definition provided by Cambridge Dictionary: “Task is a piece of work to be done, especially one done regularly, unwillingly, something unpleasant or with difficulty.” Excellent definition. It directs us to a very trivial statement: “TASK is something that we do not want to do. We do not want, but we have to.”
Eisenhower’s decision matrix is based on very clear and effective concepts:
- If everything is urgent, then everything loses its urgency.
- If everything is important then nothing is most important.
The matrix is shown below:
Urgency and Importance are the axes of the chat. There is no continuous gradation of the axes, just binary separation: “yes” or “no”, “Urgent” or “Not Urgent”, “Important” or “Not Important”.
The Right top field corresponds to “Urgent & Important” tasks.
Tasks that are Urgent and Important at the same time will fall into this category. For example, addressing safety or quality issues. These tasks receive the highest priority: “Do First”.
The left top field corresponds to “Important & Not Urgent” tasks.
For example, projects aiming to improve production yield, reduce cost or improve the reliability of the product. According to UIM, all tasks that fall into this category are getting priority: “Do Later”.
The right bottom field corresponds to “Urgent & Not Important” tasks.
For example, participate in a meeting where you are not a decision-maker. It is urgent because the meeting is scheduled to start in 30 minutes, but the importance is zero since you cannot impact the decision-making process. UIM recommends delegating such tasks – “Delegate”.
The left bottom field corresponds to “Not Urgent & Not Important” tasks.
For example, some tasks that are not impacting your current status or the status of your activity at work. Such as analyzing daylight saving impact on some production parameters. Simply drop such tasks, eliminate the tasks or the projects that fall into this category – “Eliminate”.
Do what’s important
Both top quadrants are important and have to be completed. Please take into account that “Do First” tasks are typically short term tasks, while “Do Later” are related to the long term tasks. Do not mix them. In case you are a manager distributing the tasks, do not assign short term and long term tasks to the same people. The tasks are very different, and their successful completion depends on the ability of the people to complete a certain type of task. A manager has to define who is more suitable for short term tasks and who for long term tasks. In the first case, for short term tasks, a manager has to seek “firefighters,” people that totally dedicated to a final goal to reduce the harm by any means. Long term tasks are typically performance improvement projects, should be completed by “chessplayer”. There is a very small risk of their mistake, but they spent a lot of time searching for the best move and the best solution.
Do not mix the tasks and assign them to the relevant people.
Do not waste time and resources on Not Important tasks?
There is no real customer for Not Important Tasks, no one needs the results, no one is ready to “pay” for completed tasks that are Not Important. Do not waste time on tasks that fell into two bottom quadrants. Do not attend anything that is not important.
How to assign Urgency and Importance?
How do you classify a task? How can you define if the task is important or not important, urgent or not urgent? How to normalize and standardize the process of urgency and importance assessment?
All tasks are originating from a flaw. No flaw – no tasks.
Urgency
Urgency level is related to an expectation. The flaw that results in expected harm cannot lead to urgent tasks, while any unexpected harm should be treated as urgent due to its uncertainty:
For example, we all know that even an excellent and very expensive car is not ideal. All the moving parts of the car wear out; therefore a periodic technical service is required. Known ahead of time, scheduled and expected technical service is a task, but this task cannot be urgent. This is a typical Not Urgent task.
An example of unexpected harm could be a noise that suddenly appeared in the car engine. We need to bring the car to the service as soon as possible to reduce the possible impact. This task is not scheduled (unexpected) and should be treated as an Urgent task.
Importance
The importance is related to cost. The higher the cost of harm the higher the Importance.
A noise in the car’s engine might be high-cost harm compared to a small scratch on the car door. Therefore Low-cost harm is not important, while high-cost harm should be treated as an Important task.
Urgency and Importance assessment rules are summarized in the table below:
UIM is an excellent tool for tasks priority management, but how to use it? Should we use a pen and paper? How do we keep the information, how do we continue working on the prioritization of the tasks?
We created a UIM tool for your convenience right into ONLINE PLATFORM.
Please, refer to a page dedicated to UIM for more details and usage examples.
For more information related to this article visit priz guru website
What is psychological inertia? or… What is wrong with us?
Have you ever been in a situation where while discussing different solutions for a problem, you and your group is trying to solve, people finding all kind of reasons why something is impossible or extremely difficult? The arguments might sound like “It’s very difficult”, “This solution is very expensive”, “It’s not going to work!”, or even “This is a stupid idea!”
I am pretty certain you have. This phenomenon, and many more, are part of Psychological Inertia.
Now, let’s dive into the details.
Definition
I always like to start with the plain and dry definition. Unfortunately, Cambridge dictionary does not have this definition, so I’ll have to default to Wikipedia:
Psychological inertia is the tendency to maintain the status-quo (or default option) unless compelled by a psychological motive to intervene or reject this. … Psychological inertia has also seen to be relevant in areas of health, crime and within the workplace.
Now, this is a lot of words in one long sentence. I personally had to reread it multiple times to actually understand what it means, and frankly, without having the background on the subject, I am not sure if I ever could get it correctly and interpret it to the real-life experience.
I’ll try to explain what does it mean in my view based on our experience and real-life events and examples.
It can’t be done!
For the matter of this article, “It can’t be done” is the same as “It is too expensive”, “extremely difficult”, or any other way to say that some idea is not good enough. I want to come back and expand on the same example I described at the very beginning.
Many times throughout my career, I’ve seen myself and others getting stuck on various reasons why not to evaluate a solution, why not experiment with an idea, and so on. Some might call it excuses or laziness, but the reality is, we don’t really want to do or try something that we don’t believe in.
So, unless there is some outside force, an additional push that can prove us wrong, we will resist a proposed solution we don’t believe in until the end of days.
Unwillingness to explore something we don’t believe in is part of psychological inertia.
Professional experience:
When we first started to present the idea of problem-solving tools to other people and tried explaining what are they good for, the majority (and many still to this day) were very skeptical about it. Here are a couple of arguments we were getting:
- What’s wrong what how people solve problems today?
- How can you create tools that help me solve problems? it’s all coming from my experience!
- If I have a problem that I am stuck with, I’ll hire a professional!
Note: I want to highlight that this skepticism is also caused by psychological inertia. It’s just another version of “It can’t be done because I don’t believe in it!”
Back to Professional Experience…
For simplicity’s sake, let’s assume that the cloud below is the entire, currently available, and continuously growing knowledge and experience.
The experience of our engineers, John, Maria and Bob, are marked with different shapes and colors. Well, of course, they do have different experiences, right? And some of their knowledge overlaps. Great!
The solutions that we are searching for are marked with red dots. If you noticed, one of the solutions falls well within the existing experience of our great engineers. But what about the two others? This is exactly the point where the team starts scratching their heads, searching the web, and trying to come up with different ideas for how to solve this particular problem. It is important to say though, that when they do provide a solution outside of their expertise, for the most part, these are not easily accepted. Why? Again, because people are generally don’t accept what they don’t believe in, what they don’t understand, and what they didn’t experience themselves.
Another point to make, it takes awful a lot of time to provide solutions that fall outside of our expertise. One might say: “Of course it takes more time, to do it, you have to learn something new and, ultimately, expand your experience!” And it is not going to be wrong. Nevertheless, there is another reason – psychological inertia. We are naturally seeking solutions within our experience.
Same as in the previous part, unless there is an outside force that will push us, it is hard to look outside of our own experience. Without such force, the only team’s chance is a lot of trial and error and some luck.
Difficulty in search for solutions outside of our own experience is caused by psychological inertia.
The comfort zone
In order to get out there and start digging into the unknown, we need to leave our comfort zone. It is easier said than done. There is a reason why the comfort zone is called the comfort zone. It is comfortable to stay there, easier to operate, it does not require any additional effort to be in the comfort zone. That’s understandable. To get out of it, we have to learn something new, try things we never did before; we need to invest in real work to do so. But we, as humans, are pretty lazy, aren’t we?
An average person will always choose the path of least resistance. But there is a catch… the choice will be out all the options within the available knowledge of that person. There very well might be another, even easier path, which is simply not yet explored. However, to explore that path, one will have to get out of his comfort zone.
Difficulty to break out of our comfort zone to search for better solutions is caused by psychological inertia.
But humanity is always progressing!
I can probably endlessly continue with examples and what our psychological inertia causes. In general, it will all be the same, from a different angle. I do want to switch gears a bit.
Many people we presented our solution to told us: “But humanity is always progressing without any special tools!”. For that, I will answer: “That is simply not true!”. And here is why.
Certainly, humanity IS progressing and IS innovating all the time. Some individuals did and doing it exceptionally well. Take Nikola Tesla as an example. His brain was probably exploding with ideas, he was virtually living outside of his comfort zone all the time. Let’s just say, he was not wired as most of us. Many other notable geniuses are/were thinking differently. They are geniuses for a reason!
An average human being also innovates. But here I want to ask how much effort and how long it takes. Countless examples of innovations that look trivial today, originally took many many years to be discovered and developed, even though the technology already existed (look up the history of a suitcase on wheels – it took over 10 years from the original version to the first accepted once that people actually used).
Regardless of how we innovate and generate ideas, in order to do it faster, we must use some sort of systematic approach. Whatever that approach is. Without that, all we have is the time waiting for revelation.
Any systematic approach to problem-solving helps to break out of psychological inertia.
Acceptance
Before I wrap up, I want to answer the second question in the title of this article: “What is wrong with us?”.
The simplest answer for that is: “Nothing!”. We are just being humans. This is how we are wired and how we think. Try reading more about psychological inertia, you’ll see that this phenomenon is not well understood, including the reasons for it. And to understand that is not the purpose of this article, it will not solve any problem for us as innovators. Breaking out of psychological inertia WILL solve a lot of problems!
Ironically, to break out of psychological inertia, we need to accept that we need help with it. And this, within itself, is bound by psychological inertia. The faster we accept this fact, the faster we can start improving our thinking and become more creative innovators.
Breaking out of pattern
Now, that we accepted our faith, let’s start changing it.
Several tools and methodologies exist for that. The simplest is a pen and paper or a whiteboard. Some more sophisticated include different charting tools, idea management tools, project management tools, and so on.
PRIZ Innovation Platform is the only SaaS tool specifically built for one purpose only; to help engineers break out of pattern – out of psychological inertia. At its core, it offers various problem-solving tools. And as a reminder, innovation is a solution for somebody’s problem.
For more information about this article visit there website:
https://app.priz.guru/?_ga=2.158480954.1491265703.1637487525-1212789261.1637487525
How to become a great Key Account SE?(Part 1)
You are a Solutions Engineer of an aspiring software company. You have a mature product and stabilized your position in the market. Your customers get bigger; you start selling to enterprises. Things are running smoothly.
Imagine that, at some point in your journey, your iPhone vibrates. It’s your manager.
“We decided to launch our first key account. You did a brilliant job over the last year. We want you to be the lead SE for that account. What you say?”
You nod. You don’t know what that means. But it sounds great. Positive. “Yes! That’s amazing. When do I start?”
This blog is about what happens after you say yes.
First things first: What is Key Account Management (KAM)?
Let’s start with what KAM is not. KAM is not just managing a larger account. KAM is its own microcosmos in sales. With own rules, own particularities, and own challenges for SEs.
BCG defines KAM as “an enterprise-wide initiative to develop strategic relationships with a limited number of customers in order to achieve long-term, sustained, significant, and measurable business value for both customers and the provider”.
What does that mean?
KAs are enterprise-wide: key accounts are served by an inner circle of named professionals (the core team) that usually comprise sales, presales, and customer success. Often, the core team is dedicated to this single key account exclusively.
An extended team supports the core team. The colleagues work on more than just this account. For example, specialized SEs or AEs that focus on specific products. The extended team can also comprise functions like professional services, marketing, and partner management.
KAs are strategic: there is the vision to develop a fruitful long-term relationship with this particular customer. In other words, the key account team shall grow revenue on this account in breadth and depth, leveraging a multi-year plan. Members of a key account core team usually stay on the account for several years.
KAs are special: there are only a few Key Accounts in a company. They are connected to a great revenue upside, an existing executive relationship, a first installed-based – and a significant quota.
Why Key Accounts?
The impact of key accounts on a company’s top-line is significant: McKinsey found that KAs contribute “30 to 50 percent of revenue and margin” for many companies. How so? Obviously, it’s less costly to sell to existing customers than acquire new ones. That is especially true in our as-a-service world, where we focus on customer lifetime value (LTV), and the lion’s share of revenue is generated after a first contract a closed.
KAs are special because they provide even more revenue upside. Maybe because you just cover a small portion of their addressable business or are set for further growth, you could both help them realize and benefit from yourself.
Retaining large accounts and keeping them engaged is another goal of KAM. Just maintaining such accounts is an opportunity missed. Instead, such relationships are to be strengthened and intensified. Equally important is addressing the negative risk of such large customers taking their business elsewhere.
In fact, a Gallup study found the following benefits of an engaged KA customer:
Sales experience matters. As every SE knows: knowing your customer impacts sales success. Knowing their industry, their business, their language. Especially knowing their people, the pains of their daily work, and your product’s potential value, which might lift that burden. McKinsey argues that sales experience is of even greater importance to your customers than they admit: sales CX drives 31% of a buying decision.
Key account management is the way to professionalize a company’s enterprise business. Done right, it can be a massive driver for growth.
What does KAM mean for you?
Back to our scenario at the beginning. You accepted the role of Key Account SE. You now have an idea about what KAM is and why it’s essential.
How is your work going to differ from your previous SE role?
- Higher expectations. Since the nature of KAs is to generate significantly more revenue than regular accounts, the sales team carries a respectively higher quota. Higher expectations apply to any type of work to be delivered.
- More stakeholders to satisfy. You will have more colleagues being interested in your account: specialized AEs that would like to sell their specific product to your customer; your senior management that would like to meet customer executives and need to see the needle moving; partners that seek insights from your and would like to team up; many customer stakeholders from various IT and business domains to which you need to connect.
- More orchestration, less doing. You will face many opportunities running in parallel on your KA. You will not be able to support all of them yourself. Like the specialized SEs, you enable your colleagues to drive their specific opportunities on your account as well as they can. That means you need to onboard them to the account by explaining the structure, context, strategy, and customer key players. You coach them on what jargon to use, what customer references to avoid, how to deal with specific contacts.
- More strategic, less transactional. It has been your job to help close deals. Transactions. Now it’s different. Your job is to deeply understand your client’s strategy and your KA Manager’s account vision and sales strategy on a KA. Your job is also to craft a technology and innovation strategy that substantiates the sales strategy aligned with your customer’s strategy. Think of yourself as the account CTO. Such an integrated strategy will lead to a prioritization scheme. All initiatives, opportunities, and activities are matched against that scheme. Everything you do has to support the account vision as prioritized in your system.
- More cross-functional activities. There is no “it’s not my job” on a key account. You will find yourself digging for a lead, presenting a pure sales pitch, researching a support fix for customer success, and supporting marketing activities. Think of a KA as a start-up.
- Longer sales cycles. On KAs, the average sales cycle takes three times as long as on regular accounts, according to Gartner. Often, this is by design. Because you want to identify, discover, and address the unconsidered needs of your customer. Work with multiple stakeholders, educate them, generate demand that might end in a direct sale. This way of selling takes time.
- Fewer guardrails. As you discover strategic initiatives and unconsidered needs of your customer, you will meet many people along the way. The way you work is not facilitated by procurement anymore. You build relationships, deliver insights, earn trust. You put pieces of information together, get an idea where you could add value, work with sales to generate an opportunity. There is no script, no blueprint. Start exploring!
- More buyer roles involved in the decision process. There is no single decision-maker to convince, no single meeting you have to rock to get the order form signed. You will iteratively work with more and more senior executives from multiple domains (usual suspects: IT and line of business). Each set of new faces will require discovery, due diligence, preparation.
If you take the role of a Key Account SE, your job will be much different. To look further at what you can do to take this opportunity to pivot to the next level of your SE check part 2 of this article:
https://sales-engineering.orghow-to-become-a-great-key-account-se-part-2/
Special thanks to the author of this article Steffen Mueller (The Founder of Pathfinder Consulting)
How to become a great Key Account SE?(Part 2)
(this is a continuation of the Part 1 Blog article, also on NAASE.)
(1) Research:
Get yourself into a position to be valuable to your customer. Get an expert. Soak in knowledge about their industry: competitive landscape, trends, economics. Are there industry certifications and learning paths you can take?
Analyze their quarterly reports to understand precisely where they earn money and where they spend it. What are strategic initiatives they announce to their shareholders?
Further reading on becoming an industry expert: 10 Steps to Become an Industry Expert in the Next 12 Months
(2) Build your Communication Cadence:
Build a strong network in all directions. As a core team member, you will work closely with your AEs. Set up a series of regular calls with your colleagues in the core team and the extended team.
(3) Set your Standards:
You will have to achieve goals through the work of others. Specialized SEs, partners, and further functional colleagues might support you going forward. Feel accountable for the quality of work they deliver.
Define the quality standards of presales customer interactions. Any demo, presentation, and prototype should be of consistently high quality. Others might be responsible for the delivery. You determine, govern and execute the preparation lifecycle: from planning, over dry-runs, to presentation and debriefing.
That usually means: take the standards from your broader organization and settle more quality on top.
Further reading on Leading by Example: MindTools – How to Lead a Team Honestly and Authentically
(3) Grow your own customer network:
Your role as a Key Account SE includes complementing your AE colleagues. Develop your relationships with customer contacts to build trust and exchange insights with the customer.
Identify and select with sales those contacts that you are going to cover. Build a stakeholder matrix. Whom are you going to build a rapport with, why, and how will you do that?
Further reading on Account Mapping: Lucidchart – How to build an account map
(4) Contribute your Strategy:
The account plan is your living document that:
- specifies your KAM’s multi-year vision for the account,
- includes strategies to realize the vision,
- and lists prioritized tactics to operationalize those strategies.
Develop yourself into a strong sparring partner for your sales counterparts. Help them identify opportunities from your technological point of view: where are they to today, how do they compare against industry benchmarks, and what can you help your customer grow?
Craft and contribute your technology strategy to the account plan. You might want to work with capability maps: what do they have today, what do they need short-/ mid-/ long-term, what can you bring them?
Further reading on Strategic Planning: Harvard Business Review – 6 Steps to Make Your Strategic Plan Really Strategic
(5) Evolve your Intrapreneurial Mindset:
It takes a village to serve a key account. Think of your company as a pool of skills, knowledge, and experience you can leverage to succeed in your key account.
Introduce the people to the account you need to get a job done in quality. Scout for internal talent, build a relationship with them. Seize the opportunity if it presents itself: get those talents in, coach them to be successful, and celebrate them.
Think of your account as your own company; operate it so that everyone loves working for it.
Further reading on Intrapreneuring: Blog of Gifford Pinchot III
Closing notes: is it worth it?
After everything you have read so far, you might wonder whether the job as Key Account SE is worth the effort. Can I really make a difference on this big ship account?
Yes, you can.
Gartner found that the likelihood to grow a Key Account is the highest when the KAM team embraces a strong focus on discovering, visualizing, and demonstrating value to the customer. That is your sweet spot.
Your AEs need you.
- To build trusted relationships only you can build with your consulting attitude.
- To identify opportunities only you can see with your technical expertise.
- To discover customer pain only you can dig out to with your presales methodologies.
- To make innovation tangible in a way only you can deliver with your demo skills.
Consider this your opportunity to take the next step in your #SEvolution.
Special thanks to the author of this article Steffen Mueller (The Founder of Pathfinder Consulting)
Constant team or varied partners? What works best in sales engineering?
I’ve worked in both situations. Sometimes as an SE I worked exclusively, or close to exclusively with one salesperson (AE). I’ve also worked with different AEs depending on industry or geography. I’ve liked both.
I struggled with the 1:1 only because I just didn’t connect with the AE’s style. But even then, over time we learned to work well and efficiently together.
I was an SE in the software industry. I watched my husband work in a 1:1 team arrangement in the medical diagnostic equipment industry. He was the AE. He worked with one SE. They were a strong team who were friendly as well as efficient. For them, it seemed to work perfectly.
I didn’t like working with different AEs all the time. Didn’t hate it but it was hard to establish an efficient cadence.
So what are the pros and cons?
| 1:1 | 1:Several | |
| Efficiency You get to know each other and develop shortcuts | + | |
| More deals to work Especially important in areas like Canada with less ability to segment market due to population | + | |
| Creativity Working with different people should naturally bring new & approaches that could be lost in getting used to doing things the same way. | + | |
| Need for rapport Always important. But with 1:1 more critical. | ± | ± |
What do you think? tell us in comments below.
Special Thanks to Aileen McNabb for writing this article, for more information related to this article you can visit her website: https://mustangppd.com/
Value of a 3rd Party General Competitor Analysis
Businesses, and all kinds of organizations including associations, can often get stuck by looking at their business and the overall market through their own lens and opinion. This can prove to be a substantial mistake. It is for this reason that NAASE entered into an engagement with International Growth Solutions ( https://international-growth-solutions.com/ ), for IGS to conduct a competitor and marketplace analysis for our Association’s Executives.
After approximately 2 weeks, IGS provided an excellent overview of the relevant Association “space”, which included the following in the Table of Contents of their report:
Purpose
Means/Methods of Research and Data Points
Blind Spots
Appendix including a Competitor Overview
Managerial Recommendations
There were several highlights of the Report and the findings. There was an excellent analysis and explanation of “blind spots”. From the report:
Observation of companies’ strategic moves suggests that flaws exist in some competitive analysis. These flaws or blind spots result from a company’s mistaken or incomplete view of its industry and competition, inaccurate managerial perceptions, or ineffective organizational processes.
Some of such blind spots are particularly serious: (1) misjudging industry boundaries; (2) poor identification of the competition; (3) overemphasis on competitors’ visible competence; (4) overemphasis on where, not how, rivals compete; and (5) faulty assumptions about the competition. These blind spots can cause the selection of the wrong strategy. Flawed competitive analysis, resulting from these blind spots, weakens organizations’ ability to seize opportunities, ultimately leading to an erosion in the company’s market position and profitability.
The report then continued with some in-depth points on each of the 5 items noted above.
Mapping the Competitive Landscape
An excellent graphical representation of our competitive landscape was included, which mapped out Indirect Competitors, Direct Competitors, as well as Potential Competitors based on Resource Similarity & Market Commonality. The key outcome here is that businesses need to be fully aware of the multitude of INDIRECT competitors which can effect their success; there are typically many more indirect competitors than direct.
Appendix/ Listing – all in one place
The report included an extensive listing of “all” the direct and indirect competitors, with organization names, hyperlinks, sizes, age of business, main purposes, # LinkedIn Followers, location of HQ, and other data points listed. Moving forward, this is great to have all in one easy location, for a reference.
Stepping back, to Step Forward
This report was the kind of assistance needed to help build further success, especially for a small or medium business. Irregardless of any original or updated business plan, and/or current profitability. International Growth Solutions offers candid business and marketing research, on a time-sensitive basis- at an affordable rate.
5 Key Ways to Drive Customer Experience into Product Strategy
(by Stephanie O’Connell)
How hard is it to be your customer?
Customer experience is how customers perceive and feel about your product or service. What kind of impression it leaves on them and the lasting impact they have about your company as a brand.
In a world where software can become a commodity and empowered consumers can replace your solution for another solution, companies need to be reliably delivering a memorable customer experience in order for your organization and your brand to survive.
Thinking about customer experience means not only thinking about your solution’s usability, but also about how the product can drive each stage of the product roadmap and customer journey to ensure that customers recognize ongoing value.
The customer experience is the next competitive battleground- Jerry Gregoire
Increasing Role of Customer Experience
A good customer experience plan will increase customer retention, strengthen customer satisfaction, increase cross- selling and up selling opportunities and drive product roadmaps. Companies should incorporate superior products with equally important superior customer experiences.
Some companies don’t understand why they should worry about customer experience when it comes to product. But ask yourself who are you designing the product for?
Customer experience is important for any business structure, but it should be built into the Product Teams strategy when it comes to planning a product roadmap for an existing solution or when in the initial stages of something new.
Customer Experience: Five Key Elements
When creating a plan to incorporate customer experience into your product strategy there are five key elements that you can review internally straight away in order to see ROI. These examples can translate the customers voice into actionable takeaways for your team in order to improve the customers’ overall experience.
1. Identify your companies’ touchpoints
Customer touchpoints are all the points of contact that your company has with their prospects and customers. Determining your touchpoints is the first step toward creating an engaging customer experience program.
Three categories of touchpoints can be: Before Purchase, During Purchase and After Purchase.
Example:
- Before Purchase- social media, word of mouth, advertising, marketing
- During Purchase- Website, Staff Interaction with Pre-sales/ Sales
- After Purchase- Billing, Staff interaction with Operations Department, Help Center, Follow Ups, Renewals
A negative experience during any touchpoint may set back all your efforts to deliver a quality customer experience. To improve customer satisfaction, your team needs to ensure that each outlined touchpoint ends up being a positive experience.
2. When building new products, it is key to remember what the customer wants from you.
By considering how your customers see and value you, you can learn how to develop and maintain your credibility within your industry. Credibility and reliability are everything in software. This is what makes end- users champions of your product.
3. Always prioritize customer experience
A company’s mission should be far larger than what your solution solves in your industry. Your company should create core values that celebrates and measures quality customer experiences.
Customer experience doesn’t fall to just one department. This is organizational wide from the marketing material, sales demo, implementation to after the customer has left.
Ideas you can implement now:
Moving forward the customer voice is always considered during discussions, plans and decisions. Your team should be asking “how will this help our customer?” and “what value does this deliver?”
4. Talk to your customers/ prospects
When speaking with your customers and prospects it’s valuable to use their feedback to plan your product roadmap.
Perception vs Reality. In other words what the product team is envisioning but the reality is what the customer is actually experiencing. It is always better to understand your customers problems before you sink any money or time into a product that may be unwanted. The only way to truly understand their friction points is to ask them.
Most customer experience strategies can include:
- Custom Crafted Surveys
- Open Ended Questions
- Customer Interviews
Ideas you can implement now:
Have your staff follow up to customer requests without being asked. Customers appreciate not having to chase someone for a response or repeatedly ask to be kept up to date on open issues.
Add a communication tool into your product for automating feedback. If a live chat doesn’t fit with your product, you can also utilize the support ticketing system you may have. By creating a category labelled Feature Requests, when a customer has an ask or provides feedback about a certain product, the ticket can be categorized as a feature request so that the product team can review internally every quarter to see if any of those ideas fit in with the company’s roadmap or would be considered an easy win with quick ROI.
Allow your customers to mark their satisfaction level after an implementation and/or support ticket. Some companies are afraid of the repercussions by starting with low results, but it will be tough to improve if you don’t know where your customer satisfaction currently lies.
5. Emphasizing Data Insights
It’s important to celebrate the good moments but even more impactful is facing the hard facts by digging into the areas you need to improve.
Analytics has a large role to play. This doesn’t come from just data collection but from your customer base, by gathering insights from the feedback received.
Ideas you can implement now:
Scroll heatmaps can be used to determine which areas of your product are the most and least used, this can prompt the team to investigate the reasons why.
Segment your data for different customer behaviours. This will allow you to review particular customers who may be performing worse or better then others while using the same product.
Align the organization around the customer. It’s important not to just develop guiding principles but your team needs to use the data that is compiled to follow through on supporting those principles.
Final Thoughts
If the product you sell does what it’s designed to do, and the service you provide is meeting or even better by exceeding expectations, there is one additional measure you can take to bring your experience to a whole new level.
Be easier & convenient to do business with.Questions to consider to get started:
Does your Pre-sales team promptly schedule demo requests for prospects or current clients?
Is signing a contract or SOW a complicated process?
Are all departments responsive to questions (implementation, customer support, accounting, sales etc)?
Can your customers call your support team directly if there is an urgent issue? or are they required to submit an email and wait in queue.
Do your company’s hours of operations reflect the time zones they do business in?
When creating your customer experience program to align with product strategy, make sure that the customer experience is embedded throughout the entire design and development process.
(Stephanie O’Connell is a Solution Engineer for a software firm, and she is also a Member of the Advisory Board for NAASE.)
Accelerating the Sales Cycle with a LivePDF
How to cut down your sales cycle time in half, using augmented media messaging inside Documents instead of waiting for web conferences.
Are you feeling drained by endless web conferences and meetings? How much more sales could you achieve if you could cut your sales cycle time in half? And what would this extra time and money mean for you and your family, or this project of yours you are so eager to dust off?
The solution is ridiculously simple once we think about it. It’s messaging, but of an entirely new type, using augmented web.
So, what’s the point of messaging?
To continue the conversation without waiting for the other side to be available. That’s why voice messaging and whatsapp audio are so popular as they have debottlenecked phone calls.
Unfortunately, it works for sound only. So when it’s visual on Documents with tables, diagrams, images with numbering legends, sound only won’t work. It has to go through web conferences.
- That’s why web conferences create so much agenda overload and it has a name, “ZOOM fatigue”
- That’s why it takes so much time to move your deals forward.
- That’s why a client canceling a webconference is so damaging.
- That’s why your other alternative is to write ineffective long walls of text in an attempt to clarify questions on your Doc.
- That’s why you lose deals to the competition when you don’t have the opportunity to clarify your document.
GraphCall LivePDF is a NEW two-way visual messaging inside documents using a new recording technology different than Video, leveraging 11 of the 13 new augmented web standards now powering 95% of all web browsers.
What whatsapp audio does to debottleneck phone calls, GraphCall LivePDF does it visually inside Documents to debottleneck webconferences.
- It’s visual and animated for a perfect explanation, far more interactive than Video.
- It’s fast, requiring 5X clicks only and NO edits (using the app or the chrome extension), YET you achieve 5X more information retention by your client.
- It preserves and delivers a readable resizeable document on all devices, as your client needs a document to read, not a screen capture of it!
- It’s a true two-way conversation: you add your MessengerBOX to your Document in 5 Clicks, but your client can reply in only 4 simply reusing the MessengerBOX which is already inside the Document he/she received.
Those who embrace the future always get ahead. Augmented web messaging for documents (brochures, quotes, manuals) is here.
Lead the way. Get scale and speed on your sales communication. Explain and discuss your documents at all times at all places, without waiting for web conferences, effortlessly with GraphCall LivePDF.
Check how fast and convenient it is HERE.
(Written by Geoffrey Fouvry)