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IDC Executive Advisory Group



 IDC’s Sales Enablement
 Overview:
 Guidance for 2013
 Prepared by Michael Gerard
 mgerard@idc.com



www.idc.com/cmo
www.idc.com/salesadvisory
 Copyright 2013 IDC. Reproduction is forbidden unless authorized. All rights reserved.                     Updated 1-7-13
We Need to Change How we Enable
Sales & Channels. . .
                                                                                  Today. . .
                              Buyer Interaction: Reps are unable to sustain a dialogue with prospects
                              Demand Gen.: 650 targets -> 1 deal; 19 months mktg. and sales cycle
                              Cost of poor sales enablement for a ‘typical” $1 B firm:
                                 – $14 M in sales and marketing expenses
                                 – $100 M in lost revenue opportunity




                                                                Tomorrow’s Vision. . .
 New Org. Structure                              New Processes                          New Technology   New Metrics




       Sales Enablement:
         Mktg. & Sales

                                                                                                              www.idc.com/EAG
                                                                                                              mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                           2
What is Sales Enablement?




               IDC defines Sales Enablement as:
“The delivery of the right information to the right person at the
 right time in the right format and in the right place to assist in
          moving a specific sales opportunity forward”




                                                                                  www.idc.com/EAG
                                                                                  mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.               3
Agenda: IDC’s 2013 Sales Enablement
Strategy
 Voice of the Customer – The Buyer Speaks
 Current State of the Industry
 14 Attributes for a Best-in-Class SE Strategy
 Case Studies




                                                                                  www.idc.com/EAG
                                                                                  mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.               4
Voice of the Customer




                                                                                  www.idc.com/EAG
                                                                                  mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.               5
Today’s Marketing and Selling
   Environment – What’s Different?
                                                                                       Larger buying teams means
                                                                                       more people to “sell” to
                                                                                       – 2010: 5 People
                                                                                       – 2011: 6 people
                                                                                       – 2012: 7 people

                                                                                       Longer Buying Cycles
                                                                                       – 2010: 5 months
                                                                                       – 2011: 5.2 months
                                                                                       – 2012: 5.4 months

                                                                                       Buyers are more
                                                                                       knowledgeable, more
                                                                                       connected - and busier!
                           45% of the enterprise level buying decision is made before
                            your potential buyer even says “hello” to your sales rep.*
                                                                                         Refer to The 2012 IT Buyer Experience   www.idc.com/EAG
*Ave. respondent: $870K in total IT purchases in past 12 months                          Survey (IDC #237207)                    mgerard@idc.com
    © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                                          6
Buyer Insight: Most Valued Vendor
  Resources When Making IT Decisions
      Q: As part of your pre-purchase IT product or solution-related activities, please indicate the relative
         importance of the following on your decision-making process by using a pool of 100 points.



         Interaction with vendors' technical teams
                   (e.g., engineers, CTO)


                       Consumption of vendor content*



              Interaction with sales representatives


                   Interaction with vendors' corporate
                      executives (e.g., CEO, COO)


                                                                     Other


                                                                                    0    10             20            30                           40
                                                                                        Distribution of a pool of 100 points
n = 204
* Vendor Content: e.g., Collateral, white papers, case studies, webcasts, product information, other info. available on their web site   www.idc.com/EAG
**Refer to IDC’s Sales and CMO Advisory Research                                                                                         mgerard@idc.com
  © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                                                       7
Buyer Insight: Most Valued Vendor
Content When Making IT Decisions
Q: What types of vendor content do you most value during the IT investment decision process?



                                Financial Justification/ROI

                                                Product features

                 Product Demo or Proof of Concept

    Product/service Reviews and Test Results

                             Peer/Customer References

                                                  Industry Trends

                                Competitive Comparisons

                              Vision/Thought Leadership

                                    Customer Case Studies

                                                                   Other

                                                                                  0     10                20             30
                                                                                      % of Participants
n = 204                                                                                                        www.idc.com/EAG
                                                                                                               mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                               8
Sales Enablement




                                                       How are we doing today?

                                                                                   www.idc.com/EAG
                                                                                   mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                9
How are we Doing to Enable Sales Reps
with the Most Valued Resources?. . .
Q: On average, how long does it take for a sales rep to find the following types of information
   within your organization? Check 1 for each category.


                       ROI Related Sales Assets
                                                                                                              The 2 things that
                                                                                                             buyers value most!


                    Best Fit Pre-Sale Individual



Customer Purchase & Service History



                                 Product Information


                                                                      0%          10%   20%   30%    40%   50%      60%   70%     80%
                                                                                              % of Respondents

                                                                            1 week +      1-5 days      4-8 hours      <1/2 day

                                                                                                                          www.idc.com/EAG
Source: IDC's Sales Productivity Benchmarks Database                                                                      mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                                      10
How are Sales Folks Doing with
Buyers in this New Environment?
                                             Buyers are inundated: “Much
                                             of my commute home is
                                             “delete, delete, delete,…”

                                                                                               Over ½ of buyers who switched
                                                                                               vendors during the past year did
                                                                                               so as a result of their newer
                                                                                               vendor being more diligent and
                                                                                               reliable to their needs.



                                                 Our best vendors help us solve problems. . . . “Interact
                                                 more with our internal teams at a functional level to
                                                 understand where our pain points are, and provide
                                                 solutions to improve our revenue & profitability."


                                                         The good news?. . .
             There is opportunity to differentiate and move ahead of
                                your competition
                                                                                                                   www.idc.com/EAG
                                                                                                                   mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                                   11
Sales Enablement




                                                         Steps for improvement?

                                                                                   www.idc.com/EAG
                                                                                   mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.               12
IDC’s 14 Attributes of a Best-in-Class
Sales Enablement Strategy


                                             Feedback                                      Accountability
                                             Sales and customer                            SE function in marketing
                                              feedback process                              Next generation sales
                                             Performance measurement                        operations team



                                                                           Sales                   Relevant and
                                                                         Enablement                Valuable Intelligence
                                    Technology                                                      Content and asset lifecycle
                                 Content management                                                Content review board
                                  system                                                            Customer intelligence for
                                 Sales enablement                                                   sales
                                  platform(s)                                                       Staff: SMEs, curators,
                                 Social for sales                                                   moderators



Contact IDC for a Full
                                                                           Sales Readiness
Review of Each Area                                                         Sales process integration
 (mgerard@idc.com)                                                          Deployment strategy
                                                                            Regional enablement                                   www.idc.com/EAG
                                                                                                                                   mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                                               13
Accountability: Sales Enablement
 Spans Across Sales & Marketing

                   Marketing                                           Sales Operations                 Sales

          Marketing-Generated                                           Process Management &         Delivery, Usage, and
                Insight                                                      Governance                   Feedback
  Marketing Content and                                            Overall Project              Content Development
  Asset Management:                                                 Management
                                                                                                 Best Practice Sharing
   Content & IP Development                                       Requirements Analysis
   Materials and Offers                                                                         Collaboration
                                                                   SE Process Development
   Management of Assets                                            & Management                 Consumption & Delivery to
  Intelligence and Support:                                        Coordination With Other      Customer
   Customer Knowledge                                              “Productivity Lever”         Feedback to Other
   Industry Knowledge                                              Owners (e.g., mktg., L&D)    Content Owners
   Product Knowledge                                              Usage Management
                                                                   Metrics & Reporting


CMO & Sales Advisory Service clients, contact us to schedule                                                      www.idc.com/EAG
your free, on-site sales enablement strategy session                                                              mgerard@idc.com
  © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                             14
Sales Enablement




                                                                         Case Studies



                                                                                        www.idc.com/EAG
                                                                                        mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                    15
Sales Enablement Case Studies



                                                                                                  • 20-person cross-functional
                                                                                                    team
Nurturing a mobile                                                                                • Threw out 10,000+ pieces
mindset and driving                                                                                 of content
 productivity with
    >15k iPads


                                                                                                     • Sales takes a leading role
                                                                                                     • Meta-model and SMEs
                                                                                                       assure content relevance
                                                                                                       and quality




      Establishing a “living
     community” to optimize
                                                                                    Leveraging social to
       adoption and value
                                                                                  support 1,000+% growth

                                                                                                                      www.idc.com/EAG
Contact IDC, mgerard@idc.com, for a full review of each case study                                                    mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                                                     16
Executive Guidance




                                                                                  www.idc.com/EAG
                                                                                  mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.              17
IDC Essential Guidance for 2013
 Understand your customers’ buying processes and challenges
    as well as how your sales channels (direct and indirect) “process” knowledge
 Let go of your current paradigm
    – Sales enablement is not enterprise content management
    – Existing content assets cannot dictate your strategy
 Develop a strategy, but don’t stop there. . . Excellence in execution will be the
    differentiator here
    – Assign accountability. . . Collaborate with sales operations, develop cross-functional
      teams (e.g., content review board)
    – Take a structured approach for improvement (e.g., content and asset audit)
    – Integrate SE initiatives with other sales productivity improvement steps
 Deploy a phased roll-out strategy (e.g., region-specific)


                       Sales enablement must be a strategic initiative,
                                and not a tactical maneuver
                                                                                     www.idc.com/EAG
                                                                                     mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.                 18
• Questions?. . . Contact:
        • Michael Gerard
          VP, IDC’s CMO & Sales Advisory Practice
          mgerard@idc.com
          Follow me on Twitter: MichaelGerard
• Additional Resources:
          • Our Web Sites:
             • www.idc.com/cmo
             • www.idc.com/salesadvisory
          • Our CMO & Sales Blogs:
             • www.techmarketingblog.blogspot.com
             • blog.salesadvisorypractice.com

                                                                                  www.idc.com/EAG
                                                                                  mgerard@idc.com
© 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission.              19

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Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

2013 Sales Enablement Strategy - For Marketing & Sales

  • 1. IDC Executive Advisory Group IDC’s Sales Enablement Overview: Guidance for 2013 Prepared by Michael Gerard mgerard@idc.com www.idc.com/cmo www.idc.com/salesadvisory Copyright 2013 IDC. Reproduction is forbidden unless authorized. All rights reserved. Updated 1-7-13
  • 2. We Need to Change How we Enable Sales & Channels. . . Today. . .  Buyer Interaction: Reps are unable to sustain a dialogue with prospects  Demand Gen.: 650 targets -> 1 deal; 19 months mktg. and sales cycle  Cost of poor sales enablement for a ‘typical” $1 B firm: – $14 M in sales and marketing expenses – $100 M in lost revenue opportunity Tomorrow’s Vision. . . New Org. Structure New Processes New Technology New Metrics Sales Enablement: Mktg. & Sales www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 2
  • 3. What is Sales Enablement? IDC defines Sales Enablement as: “The delivery of the right information to the right person at the right time in the right format and in the right place to assist in moving a specific sales opportunity forward” www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 3
  • 4. Agenda: IDC’s 2013 Sales Enablement Strategy  Voice of the Customer – The Buyer Speaks  Current State of the Industry  14 Attributes for a Best-in-Class SE Strategy  Case Studies www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 4
  • 5. Voice of the Customer www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 5
  • 6. Today’s Marketing and Selling Environment – What’s Different?  Larger buying teams means more people to “sell” to – 2010: 5 People – 2011: 6 people – 2012: 7 people  Longer Buying Cycles – 2010: 5 months – 2011: 5.2 months – 2012: 5.4 months  Buyers are more knowledgeable, more connected - and busier! 45% of the enterprise level buying decision is made before your potential buyer even says “hello” to your sales rep.* Refer to The 2012 IT Buyer Experience www.idc.com/EAG *Ave. respondent: $870K in total IT purchases in past 12 months Survey (IDC #237207) mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 6
  • 7. Buyer Insight: Most Valued Vendor Resources When Making IT Decisions Q: As part of your pre-purchase IT product or solution-related activities, please indicate the relative importance of the following on your decision-making process by using a pool of 100 points. Interaction with vendors' technical teams (e.g., engineers, CTO) Consumption of vendor content* Interaction with sales representatives Interaction with vendors' corporate executives (e.g., CEO, COO) Other 0 10 20 30 40 Distribution of a pool of 100 points n = 204 * Vendor Content: e.g., Collateral, white papers, case studies, webcasts, product information, other info. available on their web site www.idc.com/EAG **Refer to IDC’s Sales and CMO Advisory Research mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 7
  • 8. Buyer Insight: Most Valued Vendor Content When Making IT Decisions Q: What types of vendor content do you most value during the IT investment decision process? Financial Justification/ROI Product features Product Demo or Proof of Concept Product/service Reviews and Test Results Peer/Customer References Industry Trends Competitive Comparisons Vision/Thought Leadership Customer Case Studies Other 0 10 20 30 % of Participants n = 204 www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 8
  • 9. Sales Enablement How are we doing today? www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 9
  • 10. How are we Doing to Enable Sales Reps with the Most Valued Resources?. . . Q: On average, how long does it take for a sales rep to find the following types of information within your organization? Check 1 for each category. ROI Related Sales Assets The 2 things that buyers value most! Best Fit Pre-Sale Individual Customer Purchase & Service History Product Information 0% 10% 20% 30% 40% 50% 60% 70% 80% % of Respondents 1 week + 1-5 days 4-8 hours <1/2 day www.idc.com/EAG Source: IDC's Sales Productivity Benchmarks Database mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 10
  • 11. How are Sales Folks Doing with Buyers in this New Environment? Buyers are inundated: “Much of my commute home is “delete, delete, delete,…” Over ½ of buyers who switched vendors during the past year did so as a result of their newer vendor being more diligent and reliable to their needs. Our best vendors help us solve problems. . . . “Interact more with our internal teams at a functional level to understand where our pain points are, and provide solutions to improve our revenue & profitability." The good news?. . . There is opportunity to differentiate and move ahead of your competition www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 11
  • 12. Sales Enablement Steps for improvement? www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 12
  • 13. IDC’s 14 Attributes of a Best-in-Class Sales Enablement Strategy Feedback Accountability  Sales and customer  SE function in marketing feedback process  Next generation sales  Performance measurement operations team Sales Relevant and Enablement Valuable Intelligence Technology  Content and asset lifecycle  Content management  Content review board system  Customer intelligence for  Sales enablement sales platform(s)  Staff: SMEs, curators,  Social for sales moderators Contact IDC for a Full Sales Readiness Review of Each Area  Sales process integration (mgerard@idc.com)  Deployment strategy  Regional enablement www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 13
  • 14. Accountability: Sales Enablement Spans Across Sales & Marketing Marketing Sales Operations Sales Marketing-Generated Process Management & Delivery, Usage, and Insight Governance Feedback Marketing Content and  Overall Project  Content Development Asset Management: Management  Best Practice Sharing  Content & IP Development  Requirements Analysis  Materials and Offers  Collaboration  SE Process Development  Management of Assets & Management  Consumption & Delivery to Intelligence and Support:  Coordination With Other Customer  Customer Knowledge “Productivity Lever”  Feedback to Other  Industry Knowledge Owners (e.g., mktg., L&D) Content Owners  Product Knowledge  Usage Management  Metrics & Reporting CMO & Sales Advisory Service clients, contact us to schedule www.idc.com/EAG your free, on-site sales enablement strategy session mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 14
  • 15. Sales Enablement Case Studies www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 15
  • 16. Sales Enablement Case Studies • 20-person cross-functional team Nurturing a mobile • Threw out 10,000+ pieces mindset and driving of content productivity with >15k iPads • Sales takes a leading role • Meta-model and SMEs assure content relevance and quality Establishing a “living community” to optimize Leveraging social to adoption and value support 1,000+% growth www.idc.com/EAG Contact IDC, mgerard@idc.com, for a full review of each case study mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 16
  • 17. Executive Guidance www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 17
  • 18. IDC Essential Guidance for 2013  Understand your customers’ buying processes and challenges as well as how your sales channels (direct and indirect) “process” knowledge  Let go of your current paradigm – Sales enablement is not enterprise content management – Existing content assets cannot dictate your strategy  Develop a strategy, but don’t stop there. . . Excellence in execution will be the differentiator here – Assign accountability. . . Collaborate with sales operations, develop cross-functional teams (e.g., content review board) – Take a structured approach for improvement (e.g., content and asset audit) – Integrate SE initiatives with other sales productivity improvement steps  Deploy a phased roll-out strategy (e.g., region-specific) Sales enablement must be a strategic initiative, and not a tactical maneuver www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 18
  • 19. • Questions?. . . Contact: • Michael Gerard VP, IDC’s CMO & Sales Advisory Practice mgerard@idc.com Follow me on Twitter: MichaelGerard • Additional Resources: • Our Web Sites: • www.idc.com/cmo • www.idc.com/salesadvisory • Our CMO & Sales Blogs: • www.techmarketingblog.blogspot.com • blog.salesadvisorypractice.com www.idc.com/EAG mgerard@idc.com © 2013 IDC. For Internal Use Only. Not for Distribution without IDC Permission. 19