How Do You Keep Members Engaged Between Council Meetings?

Tuesday, September 7, 2010 by Karen Penney

In my last blog I talked about the importance of keeping Council members engaged between meetings – to Keep the Momentum Going after everyone has returned to their everyday business lives. In this blog I’ll discuss Sub-Committees and a few best practices for integrating them into your Advisory Council program.

 

The Sub-Committee: High Impact, Light Lifting

It is important to follow a process and approach when organizing these working groups. “High impact, light lifting” refers to the effort we put forth to make it as easy as possible for our customer and their council members to “continue the conversation” between meetings. See below for an outline the four-step process we follow for managing Sub-Committees.

 

1. Topics for Discussion

The Sub-Committee should focus on a specific topic or subject.  What is good “Sub-Committee” material? Here are a few examples:


  • A next step identified by the host that requires further input/feedback from the Council members (or a subset of members).
  • A “hot topic” that came up during the meeting that a number of members clearly could spend more time discussing.
  • An innovative idea and/or suggestion that came up during the meeting that members expressed an interest in exploring.
  • A specific topic/area of the business where a Subject Matter Expert is needed to continue the discussion.

2. Structure

It is very important to clearly define the purpose of the Sub-Committee and expectations of members. Develop a Sub-Committee “Charter” for all participants (customer and host) outlining:

  • Mission
  • Duties (for both customer and host)
  • Participants (Leader, facilitator and customers)

In addition, it’s a good idea to share a “Timeline of Activities” with all members early in the process so they have an understanding of the frequency of meetings and can reserve time on their calendars in advance.

 

3. Format

To stay mindful of the time commitment of customers, we recommend Sub-Committee meetings are in the form of conference calls, and no more than one hour.  Based on the subject, several calls (as communicated via the Timeline) may be needed to accomplish the goals of the Sub-Committee. Agendas are sent in advance, as is any pre-work that may be required for the discussions, and progress is shared among the group at regular intervals.

 

4. Sharing Results

This is the best part! A “celebration” is included at the next face-to-face meeting to report accomplishments back to the group and recognize the efforts of all Sub-Committee members. It’s a great way to thank your customers for their contributions and it encourages others to join in future Sub-Committee groups.

By following these four steps, your Sub-Committee engagements will be focused, well-planned meetings, easy for members to participate in, with clear goals and purpose.  


Focus on Your Core Customers

Wednesday, September 1, 2010 by Amy Spahn
 
Ownership, alignment and accountability are the keys to understanding a successful Customer Review program.  Now that the foundation has been set for the program it is time to determine which customers should receive an Annual Customer Review.  In order to provide a quality product that delivers substance i.e. an Annual Customer Review, you will need to focus on a small segment of the greater customer population.  There are two key questions that you will need to answer:  1)  Which customers should be the focus for an Annual Customer Review?  2)  Who is the right audience for an Annual Customer Review?  For this blog I will provide an answer to question #1.

Which customers should be the focus for an Annual Customer Review?

The ability to segment your customers into strategic, core and transactional groups is important in targeting customers for an Annual Customer Review.  Let's look at a few of the attributes for each of these customer segments.

Strategic:  represents 5 - 10% of customers; product management, engineering and marketing are engaged; strong customer relationships

Core:  represents 15 - 30% of customers; revenue driven; forward looking; grow and penetrate with current offerings

Transactional:  represents 40 - 60% of customers; the largest customer segment; vendor relationship; backward looking; premise or call center customers

There are customer programs that are targeted for each segment, but for an Annual Customer Review your Core customers are the primary candidates.  The benefits you will receive with this program:
 
Increase retention and account growth rates
 
Gain higher and broader level contacts in your customer base

Have business level discovery meetings across the enterprise to understand their growth opportunities, initiatives and challenges

Establish knowledge, relationship and creditability to move away from a vendor relationship and ultimately become a "trusted advisor"
 
Your Core customers will benefit from the Annual Customer Review program because you:
 
Understand their business better

Can now help solve their business challenges

Can share observations and recommendations to improve their business

Can collaborate more effectively
 
These are the benefits of an Annual Customer Review program for your Core customers.  Now, who within the Core customers should be our audience for your Annual Customer Review?  I will answer that question in my next blog.
 

These Marketing Tactics are Becoming More Important to the Marketing Strategy

Tuesday, August 31, 2010 by Kelly Jones

A CMO told me the other day, "I know which customers are strategic to my company. My challenge is making my company strategic to those customers."

His comment demonstrates the shift in marketing that is currently occurring within high-tech and service companies. In these organizations the marketing function is no longer about awareness, brand or feel-good programs. It is a results-oriented entity enabling the relationships and market position necessary to increase customer value and drive revenue.

As a result of this shift, 2010 ITSMA research shows an increase in the following tactics as part of marketing strategies: 

  • Thought leadership development
  • References and testimonials
  • Senior level relationship management programs, customer advisory boards, councils

...and a decline in:
  • Collateral (brochures, datasheets, etc.)
  • Hospitality
  • Sponsorships of sports/Cultural events
  • Print-based direct marketing
  • Traditional print/media advertising
  • Public trade shows

Source: ITSMA, Budget Allocations and Trends: Key Metrics Survey, 2010 www.itsma.com/access/research.asp


Has your company made the shift? If not, what's holding you back?


Customers Need to Come Together, Right Now, over YOU!

Monday, August 30, 2010 by Sean Geehan

 

The Beatles - Abbey RoadThe Beatle's classic song Come Together has been released by other legendary bands such as: Joe Cocker, U2, Aerosmith, Guns N’ Roses, Michael Jackson, and of course Marilyn Manson.  The chorus is simple, yet powerful:

“Come together, right now, over me.”


 I worked with a large manufacturer and services company who brought us in to design and launch a Customer Advisory  Council (CAC). I asked the Executive Sponsor and EVP, why was it important to have his top customers come together.  He rolled his eyes and proceeded to share an all too common story that starts with “My CEO met with the CEO of our  biggest customer and here's what …” 

The dream: This customer wanted them to build a solution that would change the industry. The customer convinced his boss (the CEO) to invest $100 Million in developing this solution, stating that the other 20 players in the industry had the same problem and would all but beg to have it.

The result: Two years after the release, no one including the original customer wanted this solution. The firm had rechanneled key resources down an innovation path that didn’t solve a problem or enable their customers to reach new levels. In the process, this company lost much credibility in the market, fell behind the competitors on developing solutions for real issues, and ended up writing off the $100 million investment. 
Customers coming together to show direction
How common is this: All too often I have found CEOs or key executives have not had a single conversation with a customer or key industry person. CEOs and Executives have used their power to unilaterally and without validation from anyone else re-direct key people, dollars, and strategy only to be completely off base, setting the company behind.

The reality: Most products and solutions need a market, not just one customer.  It is critical to include more than one in the ideation, design, testing and launching of any key initiative. This goes for development as well as strategy, marketing programs, sales approaches, and pricing models. In fact, the only topic off limits is profit margin. Everything else should be filtered through a group decision makers…this is the key to sustainability and predictability.

Bottom line: Unless your offerings can be supported by a single customer, make sure to secure Collective market input and validation from the decision makers of your most important customers by having them come together, right now, over you!

 

 


A Few Hours of Dialogue with Peers - A Game-Changing Insight

Tuesday, August 24, 2010 by Betsy Westhafer
What a fun day!

I just finished facilitating an online summit, and I'm all a-flutter based on one attendee's comment at the end of the event.

Let me back up a bit.  This online webinar was no lunch hour, multitask-friendly event.  This was a four-hour summit with a small break for lunch.  In other words, it required a commitment of time and energy to attend.

The forum included a keynote speech by an industry leader, breakout sessions (complete with whiteboards that provided that "as close to being there" experience as possible, a panel discussion with three more industry thought leaders and a lively Q&A session.  Throughout the webinar, participants were encouraged to submit questions that the presenters could take on the fly.  With the limitations of not actually being face-to-face with each other, it was a remarkably casual, comfortable and interactive engagement.

Upon the conclusion of the meeting, the hosts provided the opportunity for someone to win a brand new Apple iPad.  The lucky winner's name was announced and her phone line was opened up so everyone could hear her celebrate her good fortune.  Although she was quite excited about the iPad, she surprised us more by making the following comment:

"I am so excited to win the iPad, but really what I am excited about is that after listening to my industry peers, I am now looking at my constituents in a whole new way.  I've had this all wrong."

Although she invested a good chunk of her day, the ROI on that four hours was huge for her (iPad not withstanding).  It's a testament to the power of engaging -- engaging with customers, engaging with peers, and engaging with suppliers.

While nothing compares to the benefits of face-to-face meetings, the technology we now have at our fingertips allows for interactive dialog that leads to such "A-ha!" moments.  And other than her time, it didn't cost her a cent.

In Trying Times, Don’t Lose Focus on the Customer!!!

Sunday, August 22, 2010 by Rob Urbanowicz
I’m scared.  I’m scared for what this recession is doing to corporate America.  I’m scared that we’ve lost our innovative edge.  Why?  I’m seeing more and more organizations work harder with fewer people to produce results.   24X7 is becoming more the norm.  Organizational planning is a precedent.

The question to ask:  Are we focused on our customers and our growth opportunities, or are we getting bogged down on internal activities that don’t drive meaningful results.

A.G. Lafley, CEO at Proctor and Gamble made a keen observation of the impact internal focus rather than external focus can have on an organization.  In a recent HBR article entitled “What only the CEO can do”, he says that shaping values and standards of your organization is one of the critical roles of the CEO.  But his point is that you can’t focus your values and standards internally – rather, you must define and focus your values and standards externally - to your customers and gain market alignment through the voice of the customer.

Last week I went walking through the headquarters of a large B2B organization.  I noticed many people busy working away at spreadsheets, e-mails, and editing documents.  What I didn’t notice, were many conversations or webinars with customers.  Was anyone focused on account expansion or customer loyalty?

Lafley noticed the same issue at P&G when he decided he needed to reshape the values of the company.  Take for instance his approach to redefining one of the company’s core values – “trust”.  P&G employees interpreted “trust” in a way that put employees’ needs ahead of consumers’ - the employees, could trust that P&G was a good place to work and lifetime employment.   Very internally focused.  Lafley changed the meaning of “trust” to mean that customers could trust the brand P&G.  This shift meant the company had to focus on understanding and delivering the brand promise to customers.  Since this and many other shifts to focus on the customer, P&G’s revenues have doubled.

Are your company values rooted in working with each other and delivering internally – or are they oriented toward how you and your organization focus on serving the customer?  After all, what would your organization be without your customers?

What Makes an Annual Customer Review a Program?

Thursday, August 19, 2010 by Amy Spahn

In my last blogs on Annual Customer Reviews you learned, at a high level, what a review is all about.  Now it is time to find out what the 3 keys to implementing a successful program are...Ownership, Alignment and Accountability. 

In order to drive the desired behavior from your sales force, implementing an Annual Customer Review needs to have a consistent and repeatable process tied to it or the results you will receive will fall well below expectations. The Annual Customer Review needs to be a formal Program. So, in order to establish a Program there must be a clear owner, alignment with sales leaders and accountability to drive successful adoption by the sales force.

Ownership

When considering which team within your organization should be the owner of an Annual Customer Review program a few might come to mind…Marketing, Client Relations, Sales. In my experience the largest success will be found when Sales owns and drives the initiative. As the owner, Sales must define the goals and objectives for the review and communicate the expectations to the sales force.


A team within the Sales organization needs to drive the implementation of the program through the delivery of a consistent review template, clearly defined process steps and the ability to measure results. Sales Operations or Sales Strategy/Productivity are teams that are equipped to drive a program like an Annual Customer Review.


Alignment

No program can be successful without the full cooperation of the leaders in the field. In order to drive alignment with your sales leaders it is imperative that there be constant communication throughout the early stages of the program. Communicate the goals, objectives, expectations and requirements for their sales teams.

Another best practice is to seek out the best practice leaders in the field; who has already displayed best in class when presenting Annual Customer Reviews to their customers? Utilize those who represent the ideal state to take everyone else along for the ride; they will be your best supporters. Those who exemplify what success looks like will lead others down that same road.

Accountability

If there are not defined expectations how can anyone be held accountable for desired behaviors. Early in the development of your Annual Customer Review program the expectations for the sales leaders and the sales force needs to be communicated.

  • How many reviews must be delivered?
  • What steps in the process will the sales force be responsible for delivering?
  • How will success be measured?
  • What training will be delivered?

Through effective communication everyone will understand the part they play in the overall Annual Customer Review program.

Once ownership, alignment and accountability have been defined and communicated you will be well on your way to implementing a sustainable, repeatable process that will be your Annual Customer Review program.


Using the Voice of the Customer to Create an Outside in Plan

Tuesday, August 17, 2010 by Kelly Jones
In my last post I discussed three key elements for strategic planning:
  1. Use the voice of the customer to create an outside-in plan
  2. Ensure the plan is well understood by employees
  3. Integrate the plan in your management system

Let's focus on the first element: an outside-in approach.

Your business in constantly changing. Agreed? The individuals closest to this change are your customers. Still with me? By tapping into their knowledge base, you stay ahead of the curve and create strategy that can live, grow and adapt with your organization.

Your customers know what is happening in their business. They know where they want to be in the next 12-24 months and they can tell you what you need to do to be a partner in getting them there. So to have a dynamic and organic plan, you have to be connected to your customers and you need to have deep relationships with your most strategic customers.

How do you do this? Through Customer Advisory Councils (CACs). This is a formal program involving the decision makers from your top customers (define top as largest revenue, most profitable, or most strategic). 

Geehan Group research shows most B2B companies have 80% of their revenue tied up in as little as 20% of their accounts. What does this look like for your organization? Segment your base and I think you'll be pleasantly surprised to find this is true.

Imagine what you can learn about your direction and strategies from the customers driving 80% of your revenue. Now imagine the impact these customers can have on future growth when you start building relationships with them and enabling them to advocate on your behalf. 

During the initial meeting you can gain market insight to help drive your strategic plan. At a follow-up meeting you can validate elements of the plan or gain input for your product/service/solution roadmap, brand position, innovation...you get the idea.

This group becomes an integral part of your strategy development process. They also become tightly linked with your company and an advocate for your success.

In the next blog we'll look at what to do with information gained from your Customer Advisory Council.



Keep the Momentum Going - Engage Your Customers between Council Meetings

Tuesday, August 17, 2010 by Karen Penney

You know how it feels when you get off a really fast ride and plant your feet back on solid ground? You feel like you’re still “moving.” I’ve experienced that same feeling after a Customer Advisory Council meeting. Things go so fast, there’s so much to talk about that when it’s over, you feel like you’re still going 100 miles an hour! 

 

And that’s probably a good thing. These ongoing engagement programs with top customer decision makers help the host team understand the market more clearly. The continuous customer feedback from these programs gives the executive team the ammunition they need to drive strategy, planning, marketing, innovation, acquisitions, sales and service. I emphasize continuous for a good reason. The dialog doesn’t stop when the meeting is over – you can learn even more by keeping the momentum going and engaging your customers between meetings. In her blog, "Is the End the End or Just the Beginning?" my colleague, Misty Strawser, articulates the importance of “getting to work” soon after the meeting and continuing to share the feedback received.

 

Keep the Momentum Going!

Council meetings are rich in member feedback with discussions that provide the host team with an intimate look into the “world of their customers.” Internally, the executive team has to very quickly “get to work” to evaluate what they heard and identify what they will do next – therein lies the opportunity to engage your customers between meetings

 

What’s the best way to do that? First and foremost, regular communications to members to keep them apprised of any updates, progress, company news, etc. are a must. But there are other options too, and in my next blog I’ll talk about Sub-committees and some best practices on how to make them successful.

 


Inside-Out or Outside-In?

Wednesday, August 4, 2010 by Kelly Jones
I just read an article by Chief Learning Officer that states "Alignment Starts From the Inside Out." The article is based on research of 1,500 chief learning and development executives who say their organizations will align more closely to organizational objectives this year.

The article describes how performance management, competency development and leadership need to align to organization priorities. I fully agree. Having worked in and with a number of dysfunctional organizations I concluded years ago that companies need an inside-out approach.  I even started a consulting firm to help companies gain this alignment. 

As my blog title suggests, I now question my initial conclusions. Based on discussions with executives it became clear they really didn't have an anchor point to use for the alignment journey. They agreed with my value proposition and asked for proposals on how to achieve alignment, but at the end of the day they had to admit their strategic plans weren't very strategic and their brand destination not well defined. 

Of course this wasn't true of every company. It was true, though, of organizations that most needed my help and were struggling to transform themselves.

So what do well performing organizations do? They continually gain market insight and build relationships with users, influencers and decision makers who keep their organizations on the front end of change. In essence, they use an outside-in approach. I see it time and time again in my work here at the Geehan Group.

The Chief Learning Officer article references the use of customer sat metrics to create feedback loops and even states alignment shouldn't be based on internal HR processes--rather on what clients and employees want.

At the end of the day I'm pretty sure we're saying the same thing. You don't build a company and then find the market. You find the market and then build the company. Whether you call it inside-out or outside-in, what matters is alignment of resources to a market-based strategy. 

What do you think?

How Executive Summits Can Help You Reach Your Year-End Sales Goals

Tuesday, August 3, 2010 by Karen Battist

For any company concerned with year-end sales goals, the logical question is how can I accelerate prospects through the pipeline and convert them to sales? The answer is an Executive Summit. An Executive Summit provides a non-sales gathering between executive peers to learn and explore services and solutions offered by your B2B Company. A well planned, organized and executed Executive Summit accelerates a call to action from all prospects and can yield a 50% conversion rate. Can you say that about other Marketing Campaigns or Sales Tactics, or are you just throwing money at a target hoping you hit a bull’s eye?

The next natural question to ask is can your company justify the cost of an Executive Summit? Marketing teams are always challenged to provide ROI justifications in order obtain funding for campaigns. Because an Executive Summit’s costs and results are completely measureable (you know how much you spent, and you know how much in sales it directly generated), it provides a highly effective, easily funded program.  As a result, marketing groups are able to score an bull’s eye with all executives on their company’s leadership team, especially the financial leaders who hold your purse strings.

When is the right time to address meeting your year-end sales goals? From the perspective of a financial leader, Suzanne Smith, Chief Financial Officer of Geehan Group who has also managed several large IT outsourcing budgets states, "While it is a concern throughout the year, third quarter is the time most companies look to see if they are ahead or behind to meet year-end sales goals." An Executive Summit provides reliable and predictable sales results and truly is the Ultimate Weapon to reach your sales targets.

How to Make Your Marketing Dollars Go Further

Thursday, July 29, 2010 by Kelly Jones
"If sustainable, predictable, profitable growth is the holy grail you are seeking, you have to build relationships with decision makers," says Sean Geehan, founder of the Geehan Group and author of the upcoming book The B2B Executive Playbook.

This assertion at a recent Columbus AMA Special Interest Group Meeting prompted an interesting question from the audience.

"Are you suggesting we focus all our relationship efforts on decision makers?" asked a B2B marketer. 
 
I like this question because I think it is at the heart of a fundamental change we are making not just as marketers, but as selling organizations. More and more companies are asking for assistance in "moving up the food chain"--being able to call on and have relationships with higher level executives.

They realize that customer satisfaction and NPS scores are only a portion of what we need to do with regard to customer loyalty and retention. To sell solutions, to solve problems, to become trusted business partners means we have to build relationships at the decision maker level. We have to understand their business aspirations and we have to deliver value. And to answer the gentleman's question, we have to do this while maintaining our relationships with users and influencers.

Wow! A big job to be sure. But I think we are up to it. We've mastered expense control and quality management. We've seen our organizations through mergers and divestitures. There's no reason why we can't step up and help our organization's build profitable customer relationships with decision makers.

And, as Sean shared in his presentation, this can be accomplished without spending any additional money. We simply need to re-balance the money we are spending today.



 

Where is your organization at today? Where do you want to be? What are you doing to help your organization make the shift? I'd love to hear your comments.

Beyond NPS: Ways to Elevate Customer Relationships

Tuesday, July 27, 2010 by Kelly Jones

When clients come to us asking how to take their customer relationship programs to the next level they are typically asking how they can increase the level of relationship within the account. In other words, how do they move from vendor-type relationships with procurement to C-suite trusted partner status?

 The answer: Customer Advisory Councils and Executive Sponsor Programs.

A Customer Advisory Council is the first step in our B2B playbook. This forum of 20-30 decision makers represents your best accounts. A typical program includes facilitated, face-to-face discussions twice per year with sustaining activities, such as subcommittees, between meetings to keep members engaged.

Unlike other marketing activities that are focused on lead generation or measurement, Customer Advisory Councils are solely focused on building relationships and generating the market insight necessary to keep your business ahead of the curve.

Clients who have implemented Councils have seen, on average:

  • 6% increase in customer retention
  • 22% increase in new sales
  • 10 additional customer references

The second tool is an Executive Sponsor Program (ESP). This formal approach to one-on-one relationships is best implemented following a Customer Advisory Council.

An ESP aligns an executive within your company with an executive in the customer account. The program exists outside of the sales cycle and outside of any particular deal or transaction. The intention is, over time, to create interdependency.

In interdependency, you become co-creators with your customers. Together, you and your customer create something that neither of you could do on your own. You become part of your customer’s long-term strategy.

Used in tandem, Customer Advisory Councils and Executive Sponsor Programs strengthen customer relationships and create sustainable, predictable, profitable growth. In doing so, they require the commitment and resourcing of any major corporate initiative.

 So, if you truly want to take your customer relationships to the next level, start with a Customer Advisory Council. Integrate the insights gained from the Council into your organizational planning process. As your company becomes more market focused, move to programs like ESP. Along the way, use your referral process and NPS programs to gauge how well you are moving the needle.

Imagine if you will, . . .

Thursday, July 22, 2010 by Betsy Westhafer
One of my colleagues here at the Geehan Group is a whiz at engaging with people via LinkedIn, blogs, discussion groups, etc.  I have learned several of the tricks of the trade from her, and am amazed at the amount of knowledge to be gained just by paying a little bit of attention to these social media sites.

This morning the thought ocurred to me -- What if you were able to get all your customers and prospects into one room, for an indefinite amount of time, and listen to and document every word they said.  What if you told them they could discuss anything with you and with each other:  the market, their challenges, your company, your products, your services, their vision of the future, their expectations of a trusted advisor vs. that of a vendor, and any other topics that were top of mind for them.  How valuable would that information be to you as you plan your strategies? Your product portfolio? Your communications? I dare say it would be immeasurable.

Now translate that same experience to that which you can have by engaging the market through online media.  Not only can you listen to what is going on "out there," you can also contribute and become a known entity to the most vocal and passionate among your targets.  There's no better place to carve your niche as thought leaders in your space that these communities.  But more importantly, there's an amazing opportunity to LISTEN to what's going on as well. 

Let me be clear -- this is not to take the place of developing in-person relationships and engaging with the market on a face-to-face, consistent basis.  But for added insight, try jumping in a conversation or two online.  I think you may be surprised at what you will discover.

Is the End the End or Just the Beginning?

Tuesday, July 20, 2010 by Misty Strawser
Do you feel relieved when your Customer Advisory Board meeting is over and your customers have gone home? Enjoy that thought for just a moment; now come back to reality and think again! The end isn't the end after all; it's just the beginning. The real work is just getting started!

All too often, when companies think about their Customer Advisory Boards, they think about individual meetings. They know their advisers meet twice a year (say April and October) so they begin reserving hotel rooms and planning an agenda for each meeting three months out. That's easy enough, isn't it? No! In fact, it's a big mistake. That mindset needs to change!

A Customer Advisory Board is much more than just an event! To really be successful, it needs to be part of an ongoing engagement program that impacts decision making, not just another customer meeting or two. It does not begin and end in a meeting room; it permeates the air and becomes part of the culture of the organization. When the meeting ends and the executive team returns to the office, it's time for the real work to begin.

The information gleaned from customers must be explored. What did they say that must not be ignored? What is happening in the market that will impact the organization 12, 24 or 36 months from now? What changes are needed to the current product portfolio? What can the organization do to differentiate itself? What does the organization need to do to grow?

Next steps must be identified, prioritized, and incorporated into operational and strategic plans. They must be shared throughout the organization. Sales must know what's on the minds of their customers. They must know what solutions look like. Product development must know what customers want. They must know what features and functions are needed. Marketing must know what messages resonate. There must be a coordinated effort for all areas to understand what customers said during the meeting and what they really need to succeed.

Plans, actions and progress must then be communicated back to the Customer Advisory Board on a consistent basis. Yes, that's right, but it's not easy! It also takes a coordinated effort. Plans and actions must be implemented and progress must be tracked. That's my responsibility for some clients. I take on the role of the "friendly nag," consistently following up with members of the team to track progress so it can be communicated back to the Customer Advisory Board! Believe it or not, my clients rather like my "friendly nagging!" They find it reassuring to know that I'm not going to let them fail! You see, members of a Customer Advisory Board want to know how their input is being used. They want to know they are making a positive impact on the organization. And most importantly, they want to know they are being heard and that actions are being taken to better meet their needs.

So, take a break when the last customer leaves. Enjoy that sigh of relief after a successful meeting. But make it brief! The end isn't the end after all; it's just the beginning. The real work is just getting started!

Are You on Track to Meet Your 2010 Sales Goals?

Monday, July 12, 2010 by Karen Penney
For those of us on a January-December fiscal year, Q3 is NOW – and it is the time when we are very aware of exactly where we stand for meeting our year-end sales goals.  If you're concerned about reaching your goal, you might want to consider forming a Customer Advisory Council (CAC). 

Over my six years with Geehan Group, I’ve worked with many CACs.  I've seen our clients bring together decision makers from their top customers ... and it's a powerful thing!  Listening to what those customers have to say is even more powerful, and I’ve witnessed the incredible insights uncovered as well as the positive benefits as a result of our client taking action based on their customers' feedback. 

Learning from Your Top Customers
What happens when you engage key customer decision makers directly with the leadership team?  You gain an intimate understanding of their needs, aspirations, and the direction of the market.  Those learnings then become the foundation from which your strategy, planning, marketing, innovation, acquisitions, sales and service will be designed, executed, and altered to maximize organizational success.

Your leadership team listens as your customers discuss their biggest issues, challenges, aspirations and priorities.  You learn how they think, how they manage, lead, and make key decisions; how their environment is changing, and what they are doing to address it.  You have the opportunity to understand their world through the eyes of the decision makers who will ultimately decide how their resources and dollars will be allocated.

Driving Predictable, Sustainable, Profitable Growth
All of this gives you an edge … an edge your competitors don’t have.  Your strategic direction is guided by those top customers - and they see the value of their role on the Council.  Their feedback becomes instrumental in both business and product planning.  They become personally and emotionally invested in your success; they become advocates for you in the market.  In addition, they help identify new prospects, drive market awareness, accelerate sales cycles and close deals.

By listening and investing resources in areas that are viable and important to the decision makers of your most important customers and markets, you will consistently drive your firm’s revenue.  It will also cut out the time, energy and money investing where there is little or no business value.

If you’re not currently gaining the insight from your top customers through a Customer Advisory Council, perhaps now is the time to take action.  Engaging your top customers will drive revenue for your company – I’ve witnessed the results firsthand!  Make the last two quarters of this year a success – build a powerful link to your customers and ensure you meet – or better yet, exceed – your year-end sales goals! 

 

Critical Strategic Combination: Mixing Speed with Size

Wednesday, July 7, 2010 by Rob Urbanowicz
One of the biggest challenges facing large companies today is their ability to create market alignment: recognizing changes in market demands and shifting the company quickly to meet those demands.  In the B2B world business transformation takes the critical combination of strategy, relationships and execution speed.

Introducing Dell’s Large Enterprise Business Unit.

CIO’s know Dell as the company that offers great products at great prices – delivered fast to meet sometimes unreasonable demands. 

So, when I attended Dell’s CIO Advisory Panel (ie Customer Advisory Council) a few weeks ago in New York City, I was pleasantly surprised.  I knew going in to this meeting that Dell aspires to be something different.  Better, bigger, more flexible, and with a broader set of capabilities to enhance the value they bring to CIO’s through executive relationships.  What I didn’t know was Dell’s passion to listen, and the incredible ability to combine speed with their strategic focus.

Dell’s LE CIO Advisory Panel was organized and hosted by Steve Schuckenbrock, LE President, and Andy Lark, LE VP and GM.  The intent of the meeting was to capture insights (voice of the customer) into the minds and perspectives of CIOs from throughout North America.  I’ve worked with many large high tech firms, and the most intimidating moment for presenters or discussion leaders is to move away from telling, and focus on listening.  It’s inherent in the genes of an executive, hired to know their business, to present all their knowledge rather than listen to the market.  Dell isn’t like the others.  Dell actively listened to their CIO’s in this forum.  And the insight gained was immeasurable.   

Andy Lark states “We went in prepared for discussions with our ears and eyes wide open.  We weren’t sure what the outcomes would be – but we found that the insights gained from these market leaders will help us accelerate the vision for Dell to be the world’s #1 technology partner. “

All great, but what amazed me most was the ability for Dell to rapidly take insights from these market leading CIO’s and engage the Dell LE team to deliver.  Just days after the meeting, Steve Schuckenbrock was able to coral the team and resources needed to deliver against new market and service needs, and educate the sales force about positioning Dell’s leading cloud computing capabilities to CIO’s needs.  Dell's taken acheiving market alignment to a new level.

Dell is not a slow elephant in this world – in fact they move like the young mountain lion on the prowl.

July 20, 2010 Speaking Engagement Columbus AMA

Tuesday, July 6, 2010 by Karen Battist





Discovering Marketing’s True Role in Driving Profitable Growth


Join us on July 20 for discussion on challenges unique to B2B companies and strategically changing B2B marketing execution. Referencing his groundbreaking book; The B2B Executive Playbook, Sean Geehan, CEO and Founder of Geehan Group will speak directly about how Winning B2B Companies achieve Sustainable, Predictable, and Profitable Growth. Sean Geehan will draw upon over 20 years of experience to outline the proven characteristics of successful B2B companies and the strategies they must adopt in order to survive and thrive.




Joining Sean will be Kathryn Kendell, Vice President Marketing and Alliances from Crown Partners. Kathryn will illustrate how Crown Partners has successfully applied these playbook principles and the difference it has made for their organization. In this session Sean and Kathryn will discuss how to:
 

  • Align your organization to the market
  • Inject innovation into your organization that yields powerful ROI
  • Engage your most valuable customers to build deeper relationships and sales penetration
Date:Tuesday, July 20, 2010
Time: 7:30 am to 9:00 am
Location: Sterling Commerce, Dublin Campus, Building 1,
4600 Lakehurst Court, Dublin, 43016
Cost: $5 for AMA members, $15 for non-members
Advance Registration at: http://bit.ly/9hdJom

Directions to Sterling Commerce: From I-270 and Tuttle Crossing Blvd, head west on Tuttle Crossing, turn north (right) at first light onto Emerald Pkwy, then an immediate right into the Sterling Commerce complex. Building #1 is first building on the right.

Attendance is limited to the first 50 registrants.  Registration closes on July 19th at 5pm. If the event is sold out, you may still register to be placed on a wait list. In the event that an opening becomes available, you will be contacted via email. Exact cash or check is accepted at the door.

July 13, 2010 Minneapolis BMA Speaking Event

Tuesday, June 29, 2010 by Karen Battist



July 13, 2010 Sean Geehan will be discussing at the Minneapolis BMA Summer Event how to Drive Win-Win Client Relationships for Sustainable, Predictable, and Profitable Growth!
Referencing his groundbreaking book, The B2B Executive Playbook, Sean Geehan will describe the framework and key principles used in developing a playbook for creating strategic relationships that yield valuable business results for you and your customers.

Joining Sean will be Tom Webster, CEO at Intesource.  Tom will illustrate how Intesource has successfully applied these playbook principles and the difference it has made for their organization. In this session Sean and Tom will discuss how to:

• Increase Marketing’s credibility among Leadership team
• Align your organization to the market
• Engage your most valuable customers
• Generate powerful results through sales and marketing collaboration

 

                                                                      

            Sean Geehan                                                       Tom Webster
Author, B2B Executive Playbook                                           CEO
      Founder, Geehan Group                                             Intesource 

To register for this BMA event please go to: http://www.bmaminnesota.org/Events/UpcomingEvents.aspx

Customer acquisition is hip, but retention just works better

Tuesday, June 29, 2010 by Sean Geehan

Black Eyed Peas


It is simple:
Everyone gets excited when a new customer is secured. There’s a celebration, bells are ringing, lots of recognition and rewards are handed out. Song’s like the Black Eyed Peas“BOOM-BOOM POW” or “I Gotta Feeling” are blasting in the hallways and everyone feels as though the most popular person in school just asked them to prom.

 

Been there, done that: How much celebration is there when a long standing customer renews for the 6th straight year? Forget that they haven’t bid out the work in 3 years (no competition=greater margin) and they are already in your system (low cost of support, faster payment = greater cash flow).

 

It still only generates the excitement of going to prom with the back-up date and dancing to an old Richard Marx song. Yes you are at the prom, but that spark just isn’t.

 

Now the reality: It costs 3-5 times more to acquire vs. retain a customer. Getting your current customers buying more of your stuff means it’s harder for them to leave you (increased switching cost) and current customers are much less likely to bid out your work (increasing profitability). Shouldn’t you evaluate how your how you are spending your marketing dollars? 

 

Gulfstream VOpportunity: Evaluating your marketing mix today and making the proper adjustments from acquisition to account growth can make a huge difference in top and bottom line results. Now that’s something the entire leadership team will be thrilled to hear about. 

Just maybe then you’ll become the most popular person in school (or at least the leadership team) and the CEO throws you the keys to the company G5 and backstage passes to the Black Eyed Peas.