In order to accomplish these points, management
must reallocate the sales and marketing investment mix to fund
more high performance Web marketing tools. Additionally, they
must invent new business models that "leapfrog" the competition
and rewrite sales and marketing rules.One of the key
challenges of this initiative will be to balance strategic
planning with timely action. Sales and marketing leaders will be
distinguished from the follows by their effectiveness in setting
and following through on the right business priorities. Leaders
will move quickly to take advantage of opportunities such as
Internet trading communities and distribution through affiliate
partnerships.
In this dynamically-challenging, information-intensive
environment, most executives have learned that staying on top of
the latest e-business and customer-centered trends is more than
a full-time job. Leaders need a way to define and prioritize the
myriad challenges that they face.
Diorio and IMT Strategies have identified 12 ways technology
is changing the sales and marketing executive's job:
Collaborative Customer Relationship Management (CRM):
Organizations must assemble and integrate customer relationship
management (CRM) systems that enhance customer collaboration and
build customer loyalty and exit barriers.
Outsourcing Sales and Marketing Functions: Organizations must
strategically outsource sales and marketing budgets to a new
generation of businesses, including marketing agencies,
e-commerce utilities and service providers, and e-channel
partners to obtain talent, technical expertise, and cost
efficiencies.
Customer-Centric Organizations: Organizations must recast
their familiar organizational and functional models,
transforming them into a natural extension of customer
segmentation, enterprise selling processes, and complex demand
chain partnerships.
Operationalizing E-Care: Organizations must adopt
enterprise-wide management of the customer care processes to
ensure seamless service and enhanced intimacy across
multiple-channel interfaces and throughout the customer
lifecycle.
Hybrid Distribution Systems: Organizations must build
multi-channel, hybrid distribution systems that leverage
low-cost, high-touch technologies to improve cost efficiency,
market coverage, and overall selling performance.
Value-Added Direct Sales: Organizations must migrate the role
of direct sales to better align high-touch, face-to-face selling
interactions with high-value and high-margin products and
services.
Demand Chain Remediation: Organizations must restructure
demand chain relationships to maximize value creation and
customer access while leveraging costs and value-added channel
partnerships.
Customer Interaction Centers: Organizations must consolidate
and integrate call center, Web, e-mail, fax, and marketing
technology assets to better manage selling resources, technology
infrastructure, and customer interactions.
Product Channel Readiness: Organizations must design modular,
"channel-ready" products optimized for specific sales channels,
partners, and customer segments, improving personalization, ease
of doing business, and transaction costs.
Dynamic Pricing & Trading: Organizations must creatively
manage the impact of buy- and sell-side technologies and trading
communities on margins and pricing.
Changing Role of Branding: Organizations must aggressively
build brand equity in e-channels, in virtual communities, and
across multiple selling partners, channels, and points of
interaction (POI).
Interactive Direct Marketing: Organizations must deploy new
tools, approaches, and strategies for anticipating or
influencing the way customers buy.
Determining which of these twelve areas are of most
importance to your specific organization is a first step in
acknowledging the impact of technology on sales and marketing
and in moving your organization into the world of e-business.
Carol Parenzan Smalley
http://searchcrm.techtarget.com/