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Understand the Customer

Jan 15, 2015

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Business

David Ednie

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.
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Transcript
Page 1: Understand the Customer
Page 2: Understand the Customer

Dawning of the post-digital age

Page 3: Understand the Customer

Adapt or die

Page 4: Understand the Customer

New (Digitally Disrupted) Office

Page 5: Understand the Customer

New (Digitally Disrupted) Lifestyles

Page 6: Understand the Customer
Page 7: Understand the Customer

BIG Opportunities

Page 8: Understand the Customer

Seeing the (Digitally Disrupted) future

Page 9: Understand the Customer

Reasonable people

“When they imagine the future,

they only see the present.”

Page 10: Understand the Customer

OLD THINKING

NEW TECHNOLOGY

FAIL

X

=

Page 11: Understand the Customer

Future reality

Page 12: Understand the Customer

The End2End Customer

Experience

How do you measure success?

Page 13: Understand the Customer

Accelerating Time to Revenue

• Business/Offer strategy• Value proposition• Marketing Plan• Pricing and positioning• Communications campaigns• Training sales channels• Sales incentives• Customer promotions• Ready for first customers

Time to Market

• Demand generation and incubation programs• Thought Leader/Influencer seeding programs• Getting talked about, creating a tipping point• Simple to purchase, easy to try before buy• Sales channels trained, enabled and activated• On-boarding innovators and early adopters• Creating a remarkable customer experience• Building buzz: recommendations & referrals• Maintaining buzz: staying connected to tribe

Time to Revenue

AdoptionCustomer

Page 14: Understand the Customer

Customer Adoption is the New ROI

Page 15: Understand the Customer

Think outside the boxTarget tomorrow’s customers

Page 16: Understand the Customer

Inspire early adopters

Page 17: Understand the Customer

Capture their imaginations

Page 18: Understand the Customer

“Reasons lead to conclusions.

Emotions lead to actions.”- Saatchi & Saatchi

Page 19: Understand the Customer

Get it right

Page 20: Understand the Customer

Get it wrong

Page 21: Understand the Customer

What is your Growth Strategy?

Page 22: Understand the Customer

Growth strategy

Page 23: Understand the Customer

Growth strategy

Page 24: Understand the Customer

Growth Mindset1

Product/Market Fit2

Constant Adaption3

Page 25: Understand the Customer

Future focus

Page 26: Understand the Customer

Innovation

Page 27: Understand the Customer

Where are you on the curve?Where are you on the curve - ahead or behind, which is the essence of strategy.

Behind:

If you are behind the curve and chasing the market

then you have ceded a great deal of control and you

must have the ability to execute and be very agile in

execution. Your bets are defined. Your strategic

posture is reactive and defensive.

Ahead:

If you are ahead of the curve you are trying to drive

the market, which requires a very different agility -

there you require a set of controlled bets in execution

with the ability to constantly probe the frontier and

execute on success. Here you are reacting to yourself

and your direction instead of where others have been.

Page 28: Understand the Customer

Disruptive Opportunity Matrix

ExtendWhite

Space

Defend ExtendCurrent

New

Current New

Source: Create Marketplace Disruption by Adam Hartung, Pearson Education, Inc. 2009

Products

Customers

Page 29: Understand the Customer

Be disruptive, not sustaining

Defend & Extend Thinking

Attack & Explore Thinking

Source: Create Marketplace Disruption by Adam Hartung, Pearson Education, Inc. 2009

Page 30: Understand the Customer

Business uncertainty

Business

Page 31: Understand the Customer

Change your thinking

www.flickr.com/photos/oriol_gascon/2172565951

Page 32: Understand the Customer

The hard way

Page 33: Understand the Customer

AND Thinking

Page 34: Understand the Customer

AND Thinking

Page 35: Understand the Customer

AND Thinking

Page 36: Understand the Customer

Be disruptive, not sustaining

Source: Create Marketplace Disruption by Adam Hartung, Pearson Education, Inc. 2009

Defend & Extend Thinking

Attack & Explore Thinking

Page 37: Understand the Customer

Growth Mindset1

Product/Market Fit2

Constant Adaption3

Page 38: Understand the Customer

Build a better mouse trap

Page 39: Understand the Customer

“If I had asked people what

they wanted, they would

have said faster horses.” - Henry Ford

1863 - 1947

Page 40: Understand the Customer

Clarity of vision

Page 41: Understand the Customer

Basic Product/Service:• Technology• Price performance• Product quality

E2E Customer Experience:• People• Perceived value• High touch• Exceed customer expectations• Delight and astound customers

12 Support Services

3E2E

Customer Experience

Differentiation: 3 Levels of Perceived Value

BasicProduct/Service

Support Services:• Levels of support• Quality of service• Systems• Processes

Your Cloud Services

Page 42: Understand the Customer

Growth Mindset1

Product/Market Fit2

Constant Adaption3

Page 43: Understand the Customer

Speed of change

Page 44: Understand the Customer

Responding to change

Page 45: Understand the Customer

Change happens

Page 46: Understand the Customer

Competingfor

Relevance

Page 47: Understand the Customer

New levels of business value

Page 48: Understand the Customer

GTM / Sales Acceleration Business Plan

Page 49: Understand the Customer

GTM Action Plan

Page 50: Understand the Customer

The Sales Channel Mix

Page 51: Understand the Customer

Accelerating Time to Activation

Search

Find

Qualify

Try

Buy

Activate

Manage

Up-sell

Support

Refer

Differentiate

Accelerating Time to Activation

Page 52: Understand the Customer

Inspire early adopters

Page 53: Understand the Customer

The mobile generation

Understand

the Customer

Page 54: Understand the Customer

“Change is difficult.

Not changing is fatal”

Page 55: Understand the Customer

Customer Adoption Acceleration Workshop

Differentiation

Strategy

The Sales

Toolkit

Creating an unpaid

sales forceSalesChannelEurope©2014Allrightsreserved

BasicProduct/Service:• _____________________________• _____________________________• _____________________________• _____________________________

EnhancedServices:• _____________________________• _____________________________• _____________________________• _____________________________• _____________________________

SupportServices:• _____________________________• _____________________________• _____________________________• _____________________________

Differen a on:3LevelsofPerceivedValue

BasicProduct/Servic

SupportServices

EnhancedServices

1

2

3

BasicProduct/Service

Your Hosted

Services SalesChannelEurope©2014Allrightsreserved

Tipping the Funnel Clients: Actions:

A

B

Page 56: Understand the Customer

The Cloud is . . .

Page 57: Understand the Customer

1. Customer Adoption is the new ROI

3 Takeaways from Today’s Session:

3. Business Agility is your ultimate competitive advantage

2. Lead with your unique value promise

Understand the Customer

Page 58: Understand the Customer

Get it right

Page 59: Understand the Customer

www.flickr.com/photos/horacio/3781750

David R Ednie

President & CEO

SalesChannel Europe

Ph: +33 676 60 09 25 (FRA)

Email: [email protected]

Website: www.saleschannel-europe.com