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News, discussions and Opinions about Sales Enablement and Sales 2.0 as well as all updates on our Sales Enablement Solution Suite


Archive for the ‘Sales 2.0’ Category


On August 22, 2011, Forrester’s TJ Keitt pointed out…

“…some key differences between Enterprise 2.0 users and the rest of the workforce:

  • They’re your highest paid employees. Over half of this group earns more than $60k a year, compared to just 36% of non-users.
  • They’re the most educated members of the workforce. Sixty-five percent of this group has completed at least a 4 year college degree compared to 55% of the rest of the workforce.
  • They’re the leaders in your office. It’s not surprising to see 49% of this group are managers are executives given management’s enthusiasm about social technologies. Just 31% of non-users are in similar positions.

On August 17, 2011, BDSolutions tweeted that its VP of Sales Enablement, Bill Golder, said:

“Alignment of sales and marketing impacts revenue growth up to 3x.”

In a post by Amanda F. Batista from August 16, 2011, IDC is quoted with the statement that…

“B2B companies’ inability to align sales and marketing teams around the right processes and technologies has cost them upwards of 10% or more of revenue per year, or $100 million for a billion-dollar company.”


Office in Mainz

The following blog post is in German. Now, BizSphere AG has a German speaking profile on the IT industry directory for the Rhein-Main-Neckar region in Germany at it-buch-rhein-main-neckar.de:

Die BizSphere AG ist nun mit dem folgenden Profil im IT-Buch Rhein-Main-Neckar vertreten it-buch-rhein-main-neckar.de:

Kernaussage: BizSphere ermöglicht, vorhandene Informationen unternehmensweit über einen Zugang zu nutzen und schnellen, sicheren Zugriff auf relevante Daten, Kontakte und visualisiert Cross-/Up-Selling-Potenziale.

• Im BizSphere Wissensmanagement-Scan Basic analysieren wir via Interviews die Kommunikations- und Informationsprozesse im Vertrieb Ihres Unternehmens.
• Der BizSphere Scan-Report bietet Ihnen die Möglichkeit, gezielt in die Verbesserung der vertriebsunterstützenden Kommunikation zu investieren.
• Im BizSphere Wissensmanagement-Scan Extended nehmen wir zusätzlich eine detaillierte Analyse Ihres Portfolios vor.
• Das Ergebnis zeigen wir in einer interaktiven Anwendung, die darstellt, wie sie weitere Informationen in verkaufsförderndes Wissen umsetzen können.
• Die BizSphere Sales Enablement Solution vernüpft Ihre Informationen mit Mehrwert und erhöht die Effizienz Ihres Vertriebs.

BizSphere entwickelt Software- und Consulting-Lösungen im Bereich Wissens- und Kommunikationsmanagement, die auf semantischem Informationsmanagement basieren. Mit der BizSphere Sales Enablement Solution hat BizSphere eine innovative Software-Plattform und Beratungsmethode entwickelt, die Unternehmen eine effiziente und kundenspezifische Vertriebs- und Marketingkommunikation ermöglicht. Ziel ist eine Kostenreduzierung sowie eine qualitative Optimierung relevanter Informationen. Die Software-Applikation unterstützt Unternehmen darin, die bereits bestehende Informationsvielfalt inhaltlich zu strukturieren und sinnvoll zu verwalten. Dem Vertrieb stehen Informationen flexibel und an den Bedarf der jeweiligen Vertriebssituation angepasst zur Verfügung.
Bestehende Customer Relationship Management-, Unified Communications- oder Enterprise Content Management-Lösungen können dabei integriert werden. Die Lösung vereint Know-how aus den Bereichen soziales und semantisches Internet (Web 2.0/3.0) mit innovativem Benutzeroberflächen-Design und ist für mittelständische Unternehmen ebenso geeignet wie für Großunternehmen.

In unserem Team haben wir über 30.000 Tage Expertise und Erfahrung versammelt aus den Bereichen Knowledge Management, Sales Enablement sowie Software-Entwicklung und -Implementierung. Zu unseren Kunden zählen internationale Unternehmen aus den Bereichen IT, Telekommunikation und Medien.

Suchbegriffe: Software, Beratung, Wissensmanagement, Informationsmanagement Kommunikationsmanagement, Intranet, Knowledge Management, Enterprise 2.0, Wissen, Informationen, IT

IT-Bereiche:

  • Internet & Mobile Solutions
  • IT-Consulting
  • Learning & Knowledge Solutions

Gründungsjahr: 2007
Mitarbeiter: 25
Hauptbranche: ITK-Branche


On May 13, 2011, tribalknowledgetv.wordpress.com wrote ‘Convinced About Content’:

“This is something I have been harping on about for years, and I am delighted to see that some sales enablement vendors are adopting this reality:

Without good sales enablement content, it does not matter what bells and whistles your sales enablement solution might offer, it is of no value. [...]

Sales enablement systems have become very sophisticated in terms of how they deliver content that will help boost sales performance. But the quality and nature of the content that those system deliver is a critical component of the system’s deployment success. [...]

BizSphere CEO Jochen Moll not only understands the value of great content; he also understands that a sales enablement solution is just one component of an overall sales enablement strategy. BizSphere advocates for the development of a company-wide sales enablement plan to ensure that everyone in an organization can influence, directly or indirectly, the success of the sales team. Great direction, Jochen! You guys are leading the way. [...]“


Stephan Timme leads Central Region (Germany, Austria, Switzerland)

Stuttgart, February 09, 2011 – The innovative software and consulting company BizSphere appoints Stephan Timme as new Head of Sales Central Region, effective February 14, 2011. In this position the former IBM manager will be responsible for the BizSphere sales organization in Germany, Austria and Switzerland, Europe. Stephan Timme works with BizSphere to leverage the distribution channel and the customer portfolio.

“We want to accelerate our growth in Europe – especially Germany, Austria and Switzerland – and enhance our solution and consulting portfolio”, commented Jochen Moll, BizSphere Chief Executive Officer. “Having Stephan Timme on board will strengthen our sales team and with his expertise and experience he will help us to drive our business forward”.

Stephan Timme comes to BizSphere with more than seven years of experience in different, leading sales positions at IBM. Before he joined BizSphere, he served as Sales Manager, Information Management Software, Public and Distribution for IBM Software Group. Prior to this position he was responsible for selling the total IBM portfolio into all lines of business in the Industrial Sector.

BizSphere AG

BizSphere AG is a software and consulting company with its headquarters in Stuttgart, Germany. In 2006 “BizSphere” was established as a business unit within SVA GmbH, one of the leading system integrators in Germany. In 2007 this business unit became an independent legal entity as SVA-BizSphere AG, which is doing business under the name of BizSphere AG since October 2010. The company has a global presence with staff operating out of Germany (Stuttgart, Mainz, Hamburg, Munich) as well as Shanghai (China) and Toronto (Canada).

BizSphere has developed a software platform and consulting framework supporting companies in solving their Sales Enablement challenges. BizSphere Sales Enablement Solution optimizes costs and the quality of existing information by effective structured content. With this solution, sales representatives are able to use the information they need according to their requirements and companies will be able to serve and fulfill constantly changing customer needs within reduced response time. The platform combines know-how in the areas of semantic and social web (Web 2.0/3.0), as well as innovative user interface design.

Further Information:

http://bizsphere.com
http://twitter.com/bizsphere
http://slideshare.net/bizsphere
http://youtube.com/bizsphere
http://facebook.com/bizsphere

Press & Media Contact:

BizSphere AG
Marketing & Communications Manager
Tamara Vierling
Holzhofstr. 3, 55116 Mainz, Germany
Mobile: +49 (0) 172 39 67686
Phone: +49 (0) 6131 49706 18
Fax: +49 (0) 6131 49706 66
Email: tamara.vierling@bizsphere.com


On November 4, 2010, Tom Pisello (The ROI Guy) wrote a long and comprehensive post entitled ‘IDC: Economic Buyers, Digital Overload and Sales Enablement Define Marketing for 2011′. Below is short portion of his post. You can listen to his full webinar ‘Capture frugal buyers with IDC Dynamic Reports’ as well as download the presentation.

One of the three Key Technology Marketing Trends for 2011 according to IDC is Investing more in Sales Enablement. It “is critical as buyers indicate that internal decision making is becoming more complex, while at the same time, sales professionals are not adding the needed information and value needed to overcome the growing buying cycle complexity. As a result, sales is being invited later into the decision making process, sales cycles are extending and deals are stalling.”

“[...] Is this digital spending allocation aligning with buyer needs? When asking over 200 IT buyers what they felt was most important part of the overall purchase process, over 1/3rd of the buyers indicated Vendor Content as key to the purchase decision. Content may indeed be king.

IDC survey results indicate that buyers rely on Vendor Content greatly, exceeding the value of direct vendor engagements with technical teams, sales representatives and executives in making key purchase decisions. With a wealth of information available at the click of a mouse, buyers are doing more of their own research and evaluations on-line relying less and less on vendor interaction to progress through the decision making cycle. We call this the “Internet fueled buying cycle.”

Content marketing, and developing content in particular to attract today’s economic focused buyer, is more important than ever to help connect and engage with buyers, and help customer stakeholders make better and faster IT purchase decisions. From these survey results, increased spending on content marketing for corporate web sites and social media would seem to help drive more / faster buying decisions. To help cut through the constant information overload, and help guide decisions more effectively, the most valuable content is that which is tuned to be relevant and engaging to the buyer – one-to-one personalized for example by industry, location, size, stage in buying cycle, role, pain points and opportunities.

The End of Sales as we Know It?
The importance of content marketing, from these survey results, help guide marketers that they should indeed be investing more in developing and delivering the right personalized and engaging content to help buyers drive decisions.

However, the importance of content and lack of priority towards direct engagements points to a troubling trend in that today’s Internet fueled, buyer controlled purchase process is disintermediating sales from the purchase process. Buyers are doing more and more of their own research in the early and middle phases of the sales process, and involving sales reps later and later in the sales cycle, often after key purchase decisions have already been made. Can sales be made relevant and valuable again in these key stages of the buying cycle?

The key to shaping the trends back in the vendors favor certainly requires an investment in content marketing, but also may mean investing more wisely in Sales Enablement to be sure sales is armed with the content they need to effectively engage buyers earlier, and with more value in the process.

Sales Enablement or Perish
Sales Enablement is defined by IDC 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.” [...]“


I’m honoured that focus.com has asked me to be one of their experts. Today, I answered the following question on focus.com:

Is sales training a component of sales enablement?
Are sales enablement or sales training two different groups are they part of the same?

Here is my answer:

Sales training is without a doubt a very important component of sales enablement. In most enterprises there is no shortage of sales training. However, in order to really enable sales people and to protect them from information overload a proper sales enablement approach would align people, processes, content, and technology to answer…

…which sales training is best (maybe based on ratings)?
…what is the most current and what needs to be updated?
…which formats are available?
…in which languages is it available?
…for which customer needs, industry verticals or countries / sales regions is customized training available?
…what are the cross-selling, up-selling, etc. opportunities that need to be kept in mind?
…who are the specific subject matter experts and how can they be contacted?

If you present your sales training in these different dimensions and make it easy to find for each product, service or solution, your sales force will start to save time, have better informed meetings, win more often and increase the average deal size.

By mapping your sales training as described above and tracking ratings, downloads and search queries you will be able to identify gaps and see which of them are the most important to focus on. By allowing comments and user generated content, you will crowdsource a lot of valuable insights from the field.

Best,
Paul


On May 26, 2010, Brian Lambert from Forrester Research wrote the blog post “What Changes are the Sales Team Facing – Right Now?”.

I would like to thank Brian, for bringing up the “change” subject. From my experience, being able to manage and moderate change is crucial for the success of any sales enablement initiative.

Let me give you one example from my time at Nortel. Back in 2006, the company had decided to become a services and solutions company – like many other tech firms before. Now, on the one hand we were facing the challenge of defining a solutions portfolio connected to the already existing products, on the other hand thousands of box selling sales people needed to educated to become solution sellers.

One thing that helped us a lot was that we visualized the change for sellers. Executives often wonder, why people are not instantly getting how new structures are supposed to be working – what they forget is how long it actually took to agree on these new structures in the first place. So naturally, adapting to change needs time, but this can be supported, if the change of structures is not only communicated to but visualized for people leveraging inutive graphical navigation elements in the sales portal for example. During the Services and Solutions transformation this approach did help Nortel a great deal.

So, a bucket you might want to add to the change discussion is the bucket of visualization of change. Making changing structures, changing selling context tangible makes change efforts like new solutions launches more likekly to be successful.

Another interesting bucket might be the rapidly changing web and the impact on sellers and buyers – so called Sales 2.0. Only a few years back no seller would have thought that monitoring prospects on LinkedIn and Twitter for example will become key to sales success. Therefore, launching effective Social CRM tools for sellers aligned with the existing sales process will become an important change initiative for sales organizations.


On September 7, 2010, Eric Nitschke (Launch International) asked the following questions on the LinkedIn Group Sales Enablement Content. Please see my response below.

“Sales Enablement: Where does it live?
Several clients have asked us for best practices in sales enablement – specifically who owns it?

I’d support our marketing colleagues who are trying to align selling messages with product positioning and messaging documents. Others on the training side would say that their training materials are the baseline for sales enablement. Finally, the “sales enablement automation” crowd would claim ownership of the process and fulfillment of sales enablement materials on their web-based or internally-hosted portals.

So I ask YOU – learned Sales Enablement Content Group members: Where does Sales Enablement live?”

Coming from the point of view of someone providing web-based or internally-hosted portals for Sales Enablement, I would not claim ownership. All stakeholders like product marketing, training, CI/MI, the teams for pricing and ROI / business case calculations, the customer reference database, corporate branding, MarComs, etc… should be invited… invited to house their content and – just as important – their contact details in that one joint portal.

A portal… not for the sake of the technology or to have yet another portal… but… a portal to let all these stakeholders see which of their content works and which doesn’t (also which content is missing and which gets insightful comments as a feedback loop from the field or the channel back to corporate).

When there is this one interface that cuts across all team sites and the silos the many regional or functional groups might have built with SharePoint or LiveLink or any of these solutions, your sales people and channel partners can – for the first time – see what is available for the given sales situation they are in. None of the stakeholders “owns” this more than the others and the portal just helps to filter by sales step, region, industry vertical, content type, etc… to make visible whether the sale is being enabled or specific content and contacts are missing.

matrixed organizations
The single biggest complaint about Sales Enablement, I hear from sales people is missing content… content that is more specific than the generic pitch. A portal, that comes along with all stakeholders agreeing on content governance, a life-cycle duration for the content and responsibilities to respond to feedback & requests, will first of all make these gaps painfully visible and then guide the content planning to invest marketing’s dollars as effective as possible.
To come back to your question, in some organizations it might be the CMO and in others the sales leader or portfolio manager – who is the executive sponsor, who aligns all the stakeholders to feed the new portal and shut down the old ones.

Just a few days ago Joe Galvin from Sirius Decisions wrote about how important Social Media – as an approach for better internal collaboration – is as part of a Sales Enablement strategy. I think he is absolutely right. What used to be the informal coffee corner chat before nowadays is mimicked in Social Media platforms. Over time, people will learn that even within an enterprise the sharing of information is beneficial for everyone in the end. Yes, there may be a lot of sceptics around, especially in sales teams, but with the right programs and incentives offered, they will make the jump to the new social collaboration paradigm.

However, the flip side of extensive social collaboration might be the appearance of new information silos as well as growing information overload. Without the social collaboration being moderated to a certain extend, it might lose some of its potential impact on the overall performance of the sales teams. Aaron Roe Fulkerson discussed this in a recent blog post: “The importance of context: why Enterprise 2.0 still fails to deliver value”.

semantic web 3.0 BizSphere Knowledge Management methods

A company might use a lot of different types of social collaboration platforms – the challenges is: How can they be orchestrated in a way, that actual knowledge exchange is taking place across existing team and functional structures? And how can the content generated be aligned to some generally agreed upon enterprise structures? What companies, that are serious about implementing a Social Media strategy for sales, should think about, is to create and maintain an enterprise context. Then collaboration can take place within this context and will add greater value to a broader audience. Ideally, the enterprise context should constantly evolve based on feedback gathered during the ongoing social collaboration (for example as shown below).

Enterprise 2.0 with BizSphere

Best regards,
Matthias Roebel


information overload

In the February 2010 issue of CRM magazine Christopher Musico looked at ‘Sales Enablement Tools’. The article is great to begin the Sales Enablement conversation:

Sales Enablement Tools – Make the Selling Simpler: Organizations want sales reps to have access to the right information at the most critical moments

Sales professionals should have the world at their fingertips, thanks to netbooks, laptops, smartphones, and the ubiquity of cloud-based data. And yet pundits and executives alike say the same basic challenge endures: the lack of personalized, targeted information.

[...] Michael Gerard, vice president of the sales advisory practice at IDC. “It’s the most basic things. Reps are having a difficult time having a fluent conversation with the customer, and that gets into knowing who [she] is, about [her] company, what products [her] company may or may not have already purchased.”

This is the sweet spot for sales enablement—defined by IDC as “the delivery of the right information in the right format to the right person at the right time and in the right place to assist in moving a specific sales opportunity forward.”

Whilst we couldn’t agree more with this definition of Sales Enablement we like to see “…in the right format…” added into that definition above. One of our YouTube videos explains what we mean by that.

“Scott Santucci, senior analyst at Forrester Research, says he’s seen an explosion of interest in this area over the past year. As with any technology, however, those rushing to buy the hot newness without first establishing a clear strategy are doomed to fail. It’s not that there’s a lack of information—far from it. Instead, it’s hard to wade through the sheer tonnage of information and determine what’s up-to-date, relevant, and in a form amenable to the particular sales conversation. “It’s a very simple, yet really complicated problem,” Santucci says.

IDC’s Gerard says the first step is to figure out who owns sales enablement in your organization. While the prevailing view has the niche bridging both sales and marketing, no one seems able to agree on exactly who owns which pieces of the pie. [...]”

These are nuanced problems, and Santucci says each of the relevant vendors—including BizSphere, iCentera, Kadient, and Savo Group—cater to slightly different problems. [...]

Santucci says that BizSphere is a relative newcomer to this space, but tackles a more-ambitious problem. “Imagine a large company that can sell different combinations of products and services, and organize things in a variety of different hierarchies,” he says. “If we were calling on a c-level person about [her] particular business problem, it could span across multiple product lines. If you talk to a manager-level person, you may only talk about one particular product. How do we build a taxonomy that allows us to cascade and work within that complex an infrastructure? That’s what BizSphere does. [...]”

BizSphere AG agrees with Scott Santucci that different companies need different Sales Enablement solutions and we like to think of ourselves as the Sales Enablement solution for the large global B2B enterprise with our experience at Fortune 500 companies like IBM and Nortel, since the year 2006.

“These vendors offer on-premises and software-as-a-service (SaaS) models—and CSO Insights Managing Principal Jim Dickie says the SaaS option is growing in popularity, in part because those prices range between $40 and $100 per sales professional per month. That model, he adds, is an easy way for sales executives to test if sales enablement can fix a particular problem. If it does, expect sales folks to take more ownership—literally. “You’ll see people start off with SaaS, but if they decide to use it long-term, they’ll convert over to perpetual license,” Dickie says. [...]

BizSphere AG’s Sales Enablement solution is available as on-premises or SaaS.

BY THE NUMBERS

  • $135,262 is spent, on average, in support costs per year for each salesperson.
  • 7 hours per week is what the average salesperson spends looking for relevant information to prepare for sales calls.
  • 50 percent of the information is pushed through email.
  • 10 percent is “made available in a useful format.”

Source: Forrester Research & IDC Sales Advisory Service
[...]“

On 2/4/2010, Tamara Schenk @tamaraschenk (T-Systems International GmbH, Portfolio & Offering Management, Head of Special ICT Innovation Projects) posted a great comment on the article mentioned above:

Christopher, thanks for this great summary – spot on!

The discussion on “who owns sales enablement” is really interesting – from my point of view this question brings as back to the “functional silos”. Didn’t we want to overcome the functional silos by implementing sales enablement? We had a similar discussion when we started our sales enablement project. Now we have a cross-functional team which is lead by portfolio & offering management, in our approach the “backbone” of sales enablement.

You hit the nail on the head with your characteristics of the here listed vendors (there are a few more with interesting, solutions for special needs…). If an organization has a complex offering portfolio with different kinds of relationships within the portfolio you will need a lot of taxonomy features – but make sure that your first step is the consolidation of your portfolio and the second step is implementing sales enablement, including working on content quality, governance, processes, change management etc. The better you design the portfolio structure the easier you can analyze the content quality later on. From our experience that’s one of the critical success factors – and the other one is change management – how do I motivate sales reps to use the sales enablement platform and to use the collaboration features? Communicate, communicate, communicate… and you could give the sales user groups the responsibility for a successful change!

The objectives of sales enablement initiative could be different, e.g. one collaboration platform instead of ten different portals, get consistent messages, optimize go-to-market, deliver right information to the right person at the right time and in the right place, break functional silos, reduce applications, reduce ramp-up time for new hires, improve sales efficiency etc. All objectives should be aligned to one common understanding: “Sales is the customer”!


 

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BizSphere: Bizsphere AG heute in Köln auf der cologne IT summit_ http://t.co/EDfepARu 2011-11-14T10:42:19+00:00


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