With so much uncertainty over the impact of COVID-19 on buying behavior, ITSMA got a head start on our annual How Executives Engage study to get an initial pulse (Part 1) on priorities and preferences of high-consideration, technology-based solutions, and consulting services.
The two-part study will provide critical data and insight for B2B marketers who are focused on building and strengthening relationships and sales at the executive level in the wake of the dramatic disruptions of the pandemic.
This report digs into executives’ business and solution priorities, engagement preferences for various types of content, channels, and information sources, and perceptions of how providers are engaging now and will need to engage in the future.
Specific highlights from the first wave of this year’s study include:
How have buying priorities changed since the pandemic began?
How has the purchase process changed?
Where are executives now turning for new information and ideas?
How important is thought leadership now?
What types of information sources are trusted most?
Are digital and virtual engagement efforts as effective as face-to-face?
What does it take to earn B2B executives’ confidence and trust?
Study Methodology
In May/June 2020, ITSMA conducted a web survey of 297 business and IT executives from companies that purchase technology or consulting solutions for individual contracts over $500,000. These respondents represented larger enterprises, with 71% having $1 billion USD or more in annual revenue from seven different countries/regions: United States, Canada, United Kingdom, France, Germany, Nordics, and Benelux.
Respondents were interviewed in the following vertical markets:
Financial Services
Manufacturing
Technology
Healthcare and Life Sciences
Communications
Energy/Utilities/Oil/Mining/Gas
Government/Non-Profit/Public Sector
What’s the difference between Affiliate Marketing and Brand Partnerships?
How Executives Engage: Understanding Changing Buyer Behavior in Response to the COVID-19 Pandemic
1. How Executives Engage
Understanding Changing Buyer Behavior
in Response to the COVID-19 Pandemic
Julie Schwartz, Senior Vice President, Research and Thought Leadership, ITSMA
How Executives Engage Survey 2020, Part 1
Abbreviated Summary | July 2020
This abbreviated summary highlights some of the most significant
findings of ITSMA’s How Executives Engage Survey 2020, Part 1.
A more in-depth analysis can be found in the full report
https://www.itsma.com/research/how-executives-engage-understanding-
changing-buyer-behavior-in-response-to-the-covid-19-pandemic/