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Buyer Experience Innovation

                        5 Management Principles


By Tony Zambito, President & CEO , Goal Centric
www.goalcentric.com
www.thebuyerexperience.om
Copyright 2010 Goal Centric Management, Inc.
Introduction

Executives today, to achieve revenue growth strategies, will
need to think radically different than at any time since the
80’s and 90’s when technology and the Internet altered the
landscape. Once again, the business landscape is being
altered by advances in technology and new mediums that
could not be fathomed as little as five years ago. What we do
know today is that each time the business landscape
undergoes significant rearrangement; the balance of power
continues to shift to buyers versus sellers.
Challenges

This new business landscape is propelling organizations,
especially in B2B, to begin thinking about how to create a
rewarding buyer experience that fosters engagement and
long-term loyalty. Significant challenges in top-line revenue
growth as well as in new customer acquisition means
executives need to make Buyer Experience Innovation a top
priority. Here, I share key management principles that
leaders today should consider for being successful in shifting
their corporate culture and competencies towards innovative
buyer experiences.
Five Management Principles

There are five key management principles applicable to Buyer
Experience Innovation:

1. Led by senior executives overseeing sales, marketing, and
service

2. There is a focus on shifting culture to “experience driven”

3. Insight is foundational to buyer experience innovation

4. Experience knowledge is integrated into the DNA of the
organization

5. Buyer experience is designed for the digital and social age
The Five
Principle 1: Senior executives lead

This is a refrain that is heard often for all important
initiatives. In this case, a CEO is wise to choose a senior
executive with that special attribute and capability of unifying
sales, marketing, and service into alignment with buyer
experience. It is important to note that while much has been
made of the need for sales and marketing alignment, service
is often the forgotten third spoke in the wheel. While service
is a significant component of overall customer experience in
retaining existing customers, many procedural efforts in
acquiring new buyers pass through service. It can make as
well as cause a break in a buyer’s overall experience. Equally
important, this appointment makes a statement respective to
the priority of Buyer Experience Innovation within the
organization.
Principle 2: Focus on cultural shift


Many organizations can be described by the predominant
driving force that is exhibited culturally. Culturally as well as
structurally organizations have been described as sales-
driven, marketing-driven, or product-driven; just to name
three examples here. While strides have been made in B2C to
become experience-driven and consumer friendly
organizations, B2B has lagged behind significantly in
embracing a cultural shift to becoming experience-driven and
buyer friendly organizations.
Principle 3: Insight is foundational


Qualitative buyer insight is essential to attaining a deeper
understanding of existing buyer experiences, buying
processes, and the how and why on decision-making. Many
decisions on sales, marketing, and service strategies have
been made in a vacuum over the years without critical
understanding of whom true buyers are and their
processes. Presumed understanding has led to a constant
recycling of approaches all meant to spur growth. CEO’s
today, especially in B2B, will need to embrace attaining
qualitative buyer insight as a competitive edge in designing
innovative buyer experiences. Buyer Personas and Buyer
Experience Journey Mapping are two critical tools that are
essential to buyer insight gathering.
Principle 4: Experience knowledge is shared


To become experience-driven, knowledge and insights on
buyer experiences is shared widely and integrated into the
DNA of the organization.       Experience knowledge also
becomes a key component of how organizations make
informed decisions on overall customer strategy. Employee
engagement in the buyer experience is significantly enhanced
when there is an understanding of how they contribute to the
overall buyer experience.
Principle 5: Buyer experience is designed



The advent of the digital and social age has made design
thinking a much sought after competency for many B2C as
well as B2B organizations. Buyer Experience Innovation is a
modern day business design imperative that CEO’s will need
to adopt to gain not only a competitive edge but also to gain
customer and buyer loyalty. Many existing customers
become “repeat” buyers and an inconsistent stream of buyer
experiences can be detrimental to loyalty. Buyer Experience
Design improves an organizations competency to deliver on
consistent experiences that builds loyalty that lasts.
A New Way
Conclusion



 These principles provide management guidance for leading
organizations towards adopting a plan to make Buyer
Experience Innovation a difference maker in their
future. Buyers today and in the future will make critical
judgments as well as decisions on the basis of their
interactions with every facet of an organization’s touchpoints
during the buying experience. Organizations that heed the
call for designing superior and consistent buyer experiences
acquire the rewards of long term loyalty and profitable
growth.
Produced By:
        Tony Zambito
                                Buyer Experience
       President & CEO
         Goal Centric
                                   Innovation:
    www.goalcentric.com
www.thebuyerexperience.com
                                 5 Management
       Copyright 2010               Principles
Goal Centric Management, Inc.

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Buyer Experience Innovation: Five Management Principles

  • 1. Buyer Experience Innovation 5 Management Principles By Tony Zambito, President & CEO , Goal Centric www.goalcentric.com www.thebuyerexperience.om Copyright 2010 Goal Centric Management, Inc.
  • 2. Introduction Executives today, to achieve revenue growth strategies, will need to think radically different than at any time since the 80’s and 90’s when technology and the Internet altered the landscape. Once again, the business landscape is being altered by advances in technology and new mediums that could not be fathomed as little as five years ago. What we do know today is that each time the business landscape undergoes significant rearrangement; the balance of power continues to shift to buyers versus sellers.
  • 3. Challenges This new business landscape is propelling organizations, especially in B2B, to begin thinking about how to create a rewarding buyer experience that fosters engagement and long-term loyalty. Significant challenges in top-line revenue growth as well as in new customer acquisition means executives need to make Buyer Experience Innovation a top priority. Here, I share key management principles that leaders today should consider for being successful in shifting their corporate culture and competencies towards innovative buyer experiences.
  • 4. Five Management Principles There are five key management principles applicable to Buyer Experience Innovation: 1. Led by senior executives overseeing sales, marketing, and service 2. There is a focus on shifting culture to “experience driven” 3. Insight is foundational to buyer experience innovation 4. Experience knowledge is integrated into the DNA of the organization 5. Buyer experience is designed for the digital and social age
  • 6. Principle 1: Senior executives lead This is a refrain that is heard often for all important initiatives. In this case, a CEO is wise to choose a senior executive with that special attribute and capability of unifying sales, marketing, and service into alignment with buyer experience. It is important to note that while much has been made of the need for sales and marketing alignment, service is often the forgotten third spoke in the wheel. While service is a significant component of overall customer experience in retaining existing customers, many procedural efforts in acquiring new buyers pass through service. It can make as well as cause a break in a buyer’s overall experience. Equally important, this appointment makes a statement respective to the priority of Buyer Experience Innovation within the organization.
  • 7. Principle 2: Focus on cultural shift Many organizations can be described by the predominant driving force that is exhibited culturally. Culturally as well as structurally organizations have been described as sales- driven, marketing-driven, or product-driven; just to name three examples here. While strides have been made in B2C to become experience-driven and consumer friendly organizations, B2B has lagged behind significantly in embracing a cultural shift to becoming experience-driven and buyer friendly organizations.
  • 8. Principle 3: Insight is foundational Qualitative buyer insight is essential to attaining a deeper understanding of existing buyer experiences, buying processes, and the how and why on decision-making. Many decisions on sales, marketing, and service strategies have been made in a vacuum over the years without critical understanding of whom true buyers are and their processes. Presumed understanding has led to a constant recycling of approaches all meant to spur growth. CEO’s today, especially in B2B, will need to embrace attaining qualitative buyer insight as a competitive edge in designing innovative buyer experiences. Buyer Personas and Buyer Experience Journey Mapping are two critical tools that are essential to buyer insight gathering.
  • 9. Principle 4: Experience knowledge is shared To become experience-driven, knowledge and insights on buyer experiences is shared widely and integrated into the DNA of the organization. Experience knowledge also becomes a key component of how organizations make informed decisions on overall customer strategy. Employee engagement in the buyer experience is significantly enhanced when there is an understanding of how they contribute to the overall buyer experience.
  • 10. Principle 5: Buyer experience is designed The advent of the digital and social age has made design thinking a much sought after competency for many B2C as well as B2B organizations. Buyer Experience Innovation is a modern day business design imperative that CEO’s will need to adopt to gain not only a competitive edge but also to gain customer and buyer loyalty. Many existing customers become “repeat” buyers and an inconsistent stream of buyer experiences can be detrimental to loyalty. Buyer Experience Design improves an organizations competency to deliver on consistent experiences that builds loyalty that lasts.
  • 12. Conclusion These principles provide management guidance for leading organizations towards adopting a plan to make Buyer Experience Innovation a difference maker in their future. Buyers today and in the future will make critical judgments as well as decisions on the basis of their interactions with every facet of an organization’s touchpoints during the buying experience. Organizations that heed the call for designing superior and consistent buyer experiences acquire the rewards of long term loyalty and profitable growth.
  • 13. Produced By: Tony Zambito Buyer Experience President & CEO Goal Centric Innovation: www.goalcentric.com www.thebuyerexperience.com 5 Management Copyright 2010 Principles Goal Centric Management, Inc.