• Blog Home
  • Essential Edge Home Page

INSIGHTEssential Edge

Hints, Tips & Blog from the Essential Edge

Feed
  • Improving Quality and Speed to Produce High-Impact Proposals

    Mar 19th 2011

    By: admin

    No comments

    By Dick Johnson

    Time is always against you

    The production of detailed responses to detailed bid documentation has become a necessary evil in most large-scale industries in the UK and beyond.  Sometimes ill conceived, often repetitive and normally unduly onerous, the tenders give organisations very little leeway in terms of their response and precious little time to make their submissions.  Like it or not however, all organisations have to compete and are therefore continually forced to improve the way in which they do so.  For many organisations, this has meant appointing dedicated bid teams who spend virtually all their working life incarcerated in dedicated bid environments; depending on the security requirements of the bid, such environments are often subject to stringent controls.  Although timescales are always tight, due to the sheer size of many these tenders, such teams are likely to be working on responses for many months and in some instances several years.

    Don’t use the bench!

    As somebody who has worked within such teams both as a manager and a proposal writer and who has also worked outside such teams as a marker, I am constantly surprised that despite the huge effort and costs involved, some very obvious points are often overlooked.  For instance, there has always been a tendency in the IT and BPO industry to use people who are currently sitting on the ‘bench’ as opposed to the most appropriate person for the job.  There has also been a tendency to use people simply because they are available; the fact that writing is not their forte seems to be completely irrelevant.  Most worryingly however is that many organisations have made little investment in the production of ‘boilerplate’ or standard text and graphics, instead relying on information that was used in previous bids that has now become the de facto standard on the subject.  This means that organisations are often reusing poorly written, inaccurate and contradictory text simply because at some stage it managed to get through a previous Red Team review; or even worse, reinventing the wheel on each and every occasion.

    Boilerplate text – the starting point to success

    One could argue that in the grand scheme of things does this really matter?  Well yes it does.  In most instances bid responses are being sent to specialist organisations for marking and in the early stages of the bid in particular, it is these marks that will determine whether an organisation gets through to the next stage or not.  Organisations should seek therefore to maximise their score which means providing well written, current and accurate text supported by professionally-produced meaningful graphics.  This means using boilerplate text in those areas that reoccur time and time again, such as: company background and information; capabilities, standards, techniques and methodologies; and clients and case studies.

    However, avoid the pitfalls…

    Having suggested that the use of boilerplate text has to be the way forward, there are of course pitfalls that have to be avoided!  Firstly, boilerplate text has to be maintained in a well controlled library.  Secondly it has to be kept up to date, especially in the area of company information where data may be changing on a regular basis.  And thirdly and most importantly, it should be used sensibly; the most critical aspect of any individual question is answering the requirement in full but within the published guidelines therefore boilerplate text should always be tailored so that it exactly meets the requirement.  Remember that the overuse of boilerplate text is very obvious and can be very tedious for the marker – use it sensibly and sparingly and you will save time, improve the quality of your response, gain higher marks and therefore improve your chances of winning.

     If you would like to talk about some of the issues highlighted in this blog or would like help driving growth for your business, then please email info@essential-edge.com.

    Creating Winning Proposals

    boilerplate, improve, proposal

  • Driving Growth through an Effective Advisor Relations Programme

    Nov 29th 2010

    By: admin

    No comments

    By Simon Knowles

    The Business Case

    With approximately 25-30% of outsourcing contracts being influenced or run by independent advisors, outsourcing providers cannot afford to ignore this important channel to market. With a proliferation of advisors engaged in services like business-case development, RFP formulation, provider selection through to an increased involvement in post contract optimisation and restructuring decisions, market leading providers are putting in place systematic and integrated advisor relations programmes that result in a new and enhanced channel to market, timely business intelligence, increased pipelines and improved win rates.

    The Proof is in the Pudding

    With sales and marketing teams under increasing pressure to demonstrate results, implementing an effective advisor relations programme is good for measuring the return on investment. For example working with one client over the past 5 months we have identified 10 major outsourcing transactions, introduced them to over 35 advisors and raised the organisation’s awareness to over 200 influencers across Europe. In addition, we have reworked documentation to enhance differentiation, coached internal sales teams and set up a measurement and tracking process to help them quantify the ROI of the programme.

    “Over the past 5 months the Essential Edge, from a standing start, has delivered a significant set of relationships and generated a pipeline of credible opportunities for us by implementing an effective advisor programme across Europe. They have given us an ‘outside-in’ perspective of what we need to do to reposition, differentiate ourselves and engage effectively with the market place. I recommend the Essential Edge without hesitation as we have in the last 5 months developed a partnership.” European Marketing Director, Global Outsourcing Provider.

    Critical Success Factors

    So what are the critical success factors for implementing a successful programme?

    • Senior Executive sponsorship & commitment
    • Sales + marketing + delivery involvement, integration and alignment
    • Closed-loop reporting to measure Return on Investment (ROI) and Return on Relationship (ROR)
    • A senior Advisor Relations leader, with a strong network of relationships and capability to interact at the executive level

    If you would like to learn more about the Essential Edge’s tried-and-tested approach to implementing or enhancing an advisor relations programme, then please call Simon Knowles on +44 (0)7748 182 846 or email simon.knowles@essential-edge.com.

    Lead Generation

  • Marketing & Sales 2.0 – Joining up the dots…

    Sep 21st 2010

    By: admin

    1 comment

    By Simon Knowles

    For many organisations, marketing and sales departments are still struggling with poor lead nurturing and routing, multiple islands of data and a general lack of integration across sales and marketing which impacts sales effectiveness. To overcome these challenges organisations need to adopt what we call an integrated marketing and sales 2.0 mindset.

    So what is what is marketing & sales 2.0? 

    1.     It’s about aligning sales and marketing: By working with Sales to define objectives, strategy, target audiences and engagement levels. It’s about deploying marketing automation technology that enables joined-up sales and marketing across multiple customer engagement points. It’s about implementing a disciplined approach with repeatable processes and agreed metrics – and above all it should be linked to the sales funnel and relevant to the business.  

    2.     It’s about optimising the efficiency and effectiveness of marketing: By delivering a marketing structure and workflow that is aligned to the customer buying process which moves away from the adhoc ‘spray and prey’ approach to an integrated intelligence-based marketing engagement programme. This leads to a more strategic delivery and ultimately a much better ROI on marketing activity. 

    3.     It’s about optimising conversion rates. Many organisations do not track their conversion rates therefore it is not surprising that in the B2B world less than 18% of marketing-generated leads become customers and somewhere between 30-80% of leads (depending on the organisation) are assigned too early, not followed through or are simply lost. A marketing 2.0 methodology looks to implement and build on a marketing framework and map the buying journey to the sales cycle first; further it looks to implement 100% closed-loop lead management and put in place recycling methodologies so that prospects, once engaged, are never lost.  

    4.     It’s about starting with a good understanding of your data quality and quantity (in relation to your overall target market) which is vital to understanding how you may achieve your marketing goals. A simple but effective data audit will help you understand the fitness of your data to undertake Direct Mail, eMail or telemarketing campaigns as well as identify significant gaps that may require further data to be purchased.

    So how do you move towards marketing & sales 2.0?

    To develop a revenue-generating marketing and sales engine requires a multi-touch, multi-activity approach as the buying journey is complex and no longer linear. All too often B2B organisations are not equipped to implement, manage or deliver to this. That’s why the Essential Edge and its strategic partners have developed either an outsourced 2.0 solution for clients or provide project based services for specific marketing and sales requirements.

    So if you want to grow your business through smarter joined-up-sales and marketing, then please contact simon.knowles@essential-edge.com or call +44 7748 182 846.

    Lead Generation, Strategy, Planning and Positioning

  • Why Don’t Outsourcing Suppliers Use Deal Coaches?

    Jul 7th 2010

    By: admin

    1 comment

    By Simon Knowles

    If we look at any professional or semi-professional football or rugby team each has a manager and at least one or more coaches to enhance performance. So why in our highly competitive outsourcing industry do so many service providers still only hire sales managers?

    Doing it the ‘old way’ is not enough to win

    I believe the answer lies in the fact that senior management today still operate their bid teams in the same way they used to in the ‘good old days’ when there was rapid market growth and fewer competitors. Managing a reasonable sales team in a rapidly growing market to a reasonable set of processes, with a reasonable cost saving proposition generally did the job. However things have changed since those dizzy days of rapid growth. Outsourcing is not a black art anymore; customers have matured and expect more, whilst competition has increased exponentially. So what can we learn from this?

    What needs to change?

    Well lessons I believe can be learned from any professional or semi-professional sports team. If we look at the support team deployed, what do we tend to find? Firstly we see that they have a manager; a person responsible for ensuring the team is focused on the right fixtures and delivering winning results – something akin to the sales management function of today. However what we also see is the deployment of at least one team coach whose specific role is to coach and enhance an individual’s and or a team’s performance. And that’s why market-leading outsourcing providers are starting to use what we call ‘Deal Coaches’ to help win new business.

    Deal Coach in action

    To bring this to life, I would like to draw on a real-life example from one of our Deal Coaches. In short, our Deal Coach was hired by an outsourcing provider to help the sales team position and engage with key decision makers in a way that would significantly enhance the provider’s win probability. By deploying Value Based Selling as a strategic methodology, backed up by ongoing deal coaching, the team were able to differentiate their proposition and engagement which ensured this outsourcing provider, who was considered a rank outsider, come from nowhere to win a $500m+ IT outsourcing opportunity in Europe. 

     If you would like to find out more about the value of using a Deal Coach, please email simon.knowles@essential-edge.com

    Creating Winning Proposals

  • Improving Sales Performance Through Win-Loss Analysis

    May 24th 2010

    By: admin

    No comments

    By Simon Knowles

    IT and Business Process Outsourcing companies spend a considerable amount of time and money pursuing sales opportunities however many fail to capitalise on capturing and tracking valuable customer perceptions and competitor insights as to why they won or lost an opportunity.

    For companies that do carry out internal assessments, these organisations often run the risk of making decisions based on fragmented (and at times incorrect) information from internal employees who are not in an objective position to gather and share unbiased information.

    One way to overcome these challenges is to use a third party organisation to help implement an independent, objective and systematic win/loss analysis process that provides actionable intelligence for improving sales performance.

    So what are the benefits to this approach?  

    • Gives you greater insights as to why you won or lost as the client often feels more comfortable about telling the “home truths” to an independent person;
    • Provides a truly objective analysis of the bid and provides senior managers with unbiased actionable insights;
    • Gives you a better understanding of your competitor bid activities and sales strategies;
    • Improves sales performance and win rates through the consistent application of lessons learned;
    • Helps benchmark and track the strengths of your company’s sales effectiveness, solutions, products and services against your competition.

    Getting Started

    Before any client engagement, we always stress the importance of ensuring the win/loss questionnaire and reporting templates are tailored to your (the clients) specific requirements. It is also important to put in place a systematic trend management and reporting process by implementing, for example, a quarterly review of all deals in order to highlight the trends and key issues that need to be addressed.

    With now over 180 outsourcing providers competing for opportunities in Europe alone, accurate and timely intelligence is critical to gaining that elusive sales edge. So if you would like to find out more about implementing an effective win/loss analysis programme for enhancing sales performance, please email simon.knowles@essential-edge.com.

    Creating Winning Proposals

  • How Bid Based Marketing Helps Differentiate Propositions & Win New Business

    Apr 19th 2010

    By: admin

    No comments

    By Simon Knowles

    In my last article Outsourcer Competition Up: The Imperative for Change, I outlined how strategic marketing can help providers differentiate their corporate position and engage with target buyers more effectively. This article gets right into the trenches and focuses on, what I call, Bid Based Marketing which helps bid teams create compelling propositions, differentiate the way they engage and produce impactful proposals.

    So what is Bid Based Marketing? In short it is a strategic approach to winning a defined piece of new business by differentiating propositions and communicating with impact to a well defined set of stakeholders.

    Unfortunately in our industry Bid Based Marketing is not widely exploited or deployed, however given the increase in competition and commoditisation in the sector, its time has come.

    Marketing and sales alignment is key

    It is an approach that needs to be tightly aligned with the sales lead/bid team and goes beyond generic marketing communication initiatives to focus on leveraging client and competitor intelligence to create a distinctive position, together with tailored messages articulating unique value to target decision makers and influencers.

    It touches all parts of the bid process and should be woven into the opportunity planning, call planning and opportunity engagement process.

    Benefits of Bid Based Marketing

    To bring this to life I would like to draw on my experience of setting up a Bid Based Marketing capability for a global tier 1 outsourcing provider and outline the types of activities my team got involved in to help bid teams gain that critical edge: 

    • Deployed market research capability, competitor analysis and client requirement workshops to help bid teams gain a deep understanding of the client’s formal and informal requirements;
    • Deployed strategic marketing and communication techniques to craft a compelling win strategy, unique positioning, set of win themes and value proposition;
    • Aligned sales and marketing messages with solution teams;
    • Crafted high-impact executive summaries and developed compelling proposal copy and presentations;
    • Developed effective call planning and stakeholder communication programmes;
    • Delivered ongoing client and competitor intelligence throughout the bid process;
    • Ensured compliance through independent bid marking.

     

    The winning providers of the future will be those that have implemented a Bid Based Marketing strategy aligned to an effective Value Based Selling approach that will significantly improve win-rates, differentiate propositions and win more business.

    Creating Winning Proposals

  • Becoming a Value Based Selling Organisation

    Apr 16th 2010

    By: admin

    5 comments

    By Michael Kleinman

    Selling has never been more difficult.  The challenges of commoditisation, hyper-competition and procurement driven RFPs makes it harder for suppliers to differentiate themselves.  Value Based Selling has been designed to address such challenges by helping suppliers shift the client’s agenda from price to value.

    Value Based Selling can be positioned in at least two sectors of the normal selling cycle. Firstly, where the client has been approached before any formal document (e.g. RFP) has been released and secondly after a formal bidding process has begun. The reasons and metrics used to adopt Value Based Selling are both an increased win rate and more profitable engagements.

    Value Based Selling focuses on articulating unique value

    Generally Value Based Selling means that the supplier has understood the client’s formal and informal selection criteria and expressed the benefits of dealing with them in terms of business and personal benefits whose value is recognised by the client. Naturally, any value proposed to a client must be competitively unique to the supplier or at least perceived as such by the client.  At the level of large or strategic opportunities, it is especially important to recognise that confidence in the supplier’s passion for delivery and personal benefits to the client may dominate the final selection process.  It is often the case that the product or service to be delivered can be provided by more than one supplier, so the final selection is often a  matter of criteria which are likely to reflect more personal or higher level concerns than the original evaluation criteria. A number of such deals in which I have participated were decided on Value elements, ranging from the perceived integrity of the selling team, the deep understanding of the client’s business and competitive marketplace displayed by the selling leads to the willingness of the supplier to accept an equity-based contract. It was always a matter of understanding what the client wanted most deeply. To foster such an understanding, strategic selling stresses the general importance of relationship and of developing inside support, or coaches, within the client organisation. This support is often vital to identifying and gaining access to the real decision makers within the client organisation.

    The obstacles to Value Based Selling

    Well, if Value Based Selling has so much promise, why don’t more companies do it? Firstly, many, many deals are perceived by both sides as commodity deals, where the possible differences between suppliers are slight differences in quality, price or speed or convenience of delivery. Even in complex deals, such as outsourcing, Value Based Selling is not used on the grounds that:

    • Most salespeople are happy to work to the client’s ‘written’ agenda, which in their view is set by procurement and only involves client executives and business users tangentially;
    • The presence of third party advisors / internal procurement usually means that access to those clients who can recognise value is cut off;
    • The supplier organisation and its selling processes are not geared to Value Based Selling;
    • Salespeople complain that the normal components of Value Based Selling (Portfolio, Account, Opportunity and Call Planning) take too much time – in fact they actually save time.

    Becoming a Value Based Selling organisation

    Overcoming these obstacles is not easy; based on many years of sales and sales coaching experience some of the adjustments required for adopting Value Based Selling are setting up, aligning research and marketing functions, training the sales force to deal with client executives and adopting a sales process which provides early contact with the client.  However, the most important changes for most organisations are:

    • Gaining senior executive commitment and alignment (sales, marketing and delivery);
    • Implementing value-based sales training and using effective sales processes.

    Value Based Selling

  • CASE STUDY: Using Bid Marking to Improve Win Rates

    Mar 15th 2010

    By: admin

    No comments

    By Dick Johnson

    Ensuring a Quality Response

    For professional service providers, one of the most critical parts of the outsourcing process is the bidding and vendor-selection mechanism.  It’s a process that is time consuming, labour intensive, complex and costly; and as the vendor selection is often managed by a third party advisor, this means that the marking is rigorous and the exam-style questions have to be passed in order to progress.  It’s hard to believe therefore that despite outsourcing providers investing huge amounts of time and money into the process, many bids fail due to the response being non compliant.  A simple yet effective way of ensuring compliance is to employ an experienced independent bid marker.

    Bid Marking in Action

    By means of an example, a recent outsourcing project illustrates the importance of bid marking and being able to mark the bid twice.  At the Pink Team review, only 27% of the 300 detailed questions achieved full compliance and to quote the Bid Manager – “The bid marking highlighted how poor our response was at that stage and clearly indicated what needed to be done in the final few weeks of the bid.” By the Red Team Review, just over 90% of the answers had become fully compliant and this enabled “the final push to target very clearly those answers which still needed attention.” The process was repeated again at the Best and Final Offer (BAFO) stage and the bid was ultimately successful.

    Actionable Insight

    The Essential Edge uses a tried-and-tested approach to bid marking, providing a full analysis of each individual question thus ensuring that every facet of every question can be adequately answered and therefore enabling full compliance to be achieved.  This is an approach that has been successfully employed at a number of highly successful tier 1 and tier 2 outsourcing companies.

    Our approach works because the review is performed by highly experienced, independent markers who provide a thorough and truly objective analysis of the bid.  Feedback is provided in a simple-to-use Compliance Matrix with a mark given for each individual answer.  Non-compliant answers are clearly highlighted with detail given as to what needs to be done in order to achieve full compliance.

    Creating Winning Proposals

  • Identifying New Opportunities & Getting Senior Executive Appointments: 10 Steps to Success.

    Mar 15th 2010

    By: admin

    No comments

    By Ian Carr

    Two of the biggest challenges faced by service providers today include: identifying new opportunities and secondly getting in front of senior decision makers and influencers.

    There is no silver bullet to addressing this problem apart from deploying an effective closed-loop process that blends the effective use of market segmentation, targeting, positioning, messaging, communication, engagement and follow-up mechanisms.

    One of the tactics often adopted by many service providers has been to procure services from telemarketing agencies which in general has resulted in mixed levels of success.

    Our experience shows that to be successful and maximise your ROI, providers need to adopt a strategic and holistic approach to opportunity identification and senior executive engagement. Part of this approach includes deploying the right individual(s) to make direct appointments. This can be highly effective, however many organisations have been burnt by implementing ill-thought-through tactical, telemarketing engagements which when implemented incorrectly have proved to be costly, ineffective and damaging to brand reputation.

    The following hints and tips are designed to help you optimise your engagement strategy. They are based on our 25 years of experience communicating high value solutions and securing senior executive appointments for outsourcing providers:

    10 Steps to Success

    1. Set clear objectives.
    2. Identify your target audience.
    3. Articulate your value proposition and outline why you are unique from others.
    4. Develop an integrated campaign using multiple communication vehicles where possible.
    5. Select an experienced person to do direct sales/appointment calls. This person should have a demonstrable track record in securing senior executive appointments (remember they are an extension of your brand).
    6. Ensure the campaign is integrated between sales, marketing and delivery.
    7. Implement appropriate tracking and reporting mechanisms so you can demonstrate ROI.
    8. Ensure leads handed over to sales people get followed up and nurtured.
    9. Don’t let sales guys drop a warm relationship just because there is no immediate piece of business. If that sales person has no time, hand over the relationship nurturing to another person if needed in order to maximise your return on engagement.
    10. Communicate your successes to senior management.

    Lead Generation

  • Outsourcer Competition Up: The Imperative for Change

    Mar 12th 2010

    By: admin

    4 comments

    By Simon Knowles

    The Growth Challenge

    There are now over 100 major service providers competing for predominately commoditised outsourcing contracts in Europe; trying therefore to differentiate on scale, low cost of service and flexibility is no longer enough to win. With the majority of service providers being operationally led and at best sales led, the provider community is now being forced to start looking at strategic marketing and value-based selling techniques to help differentiate themselves in what has become a hyper competitive market.

    Lessons from the Manufacturing Sector

    Today’s maturing outsourcing provider market is showing similar characteristics to that of the car manufacturing industry in the early 90s. Advanced manufacturing techniques meant that cars started to look similar at a time when competition started to increase due to an influx of low cost, high quality imported cars coming in from emerging manufacturers based in countries like Japan and Korea.

    In response to this, not only did traditional western manufactures start moving their production cost base offshore but the savvy manufacturers started to re-look at the way their overall marketing, sales and delivery functions worked. They started turning to strategic marketing to evaluate customer’s needs and wants, then developed segmented propositions that appealed to different buyers needs. Finally they aligned their marketing, sales and production functions in order to deliver an enhanced integrated customer experience.  In short they moved from being operationally and production led to being customer and market led.

    Actionable Insight

    If we turn to the outsourcing provider market today, most firms operate in sales, marketing and delivery functional silos which result in inefficiencies, inadequate coordination and often poor customer interaction and service. In the past few years some companies have strengthened their sales functions and increased their marketing spend, however many of these organisations are still operationally led and at best sales led, with marketing often being seen as those nice folks who produce tactical brochure ware and events. Unfortunately what these organisations have failed to grasp is the value that can be delivered through strategic marketing and value-based selling techniques that are tightly integrated with the overall delivery function. This approach is key to achieving ’real‘ differentiation which ultimately leads to an enhanced customer experience, resulting in positive word of mouth, more sales and improved margins.

    Survive and Thrive – Don’t Dive

    Given the sheer number of providers in the market place today it is inevitable that the myopic providers amongst them will start to see their revenues dive. However the ones that will survive and thrive will be those companies that re-evaluate and change their go-to-market and service delivery models by evolving to become customer-centric integrated ecosystems. They will be the ones that put the customer at that heart of their operations and the ones that invest in strategic marketing and value-based sales techniques to create that elusive edge to win in this hyper competitive market.

    Strategy, Planning and Positioning

  • Recent Comments

    • andrew johnson on Marketing & Sales 2.0 – Joining up the dots…
    • admin on Outsourcer Competition Up: The Imperative for Change
    • Tameika Cleary on Becoming a Value Based Selling Organisation
    • outsourcingguy on Outsourcer Competition Up: The Imperative for Change
    • philippines outsourcing on Outsourcer Competition Up: The Imperative for Change
  • Recent Posts

    • Improving Quality and Speed to Produce High-Impact Proposals
    • Driving Growth through an Effective Advisor Relations Programme
    • Marketing & Sales 2.0 – Joining up the dots…
    • Why Don’t Outsourcing Suppliers Use Deal Coaches?
    • Improving Sales Performance Through Win-Loss Analysis
  • Blogs

  • Archives

    • March 2011
    • November 2010
    • September 2010
    • July 2010
    • May 2010
    • April 2010
    • March 2010

© Copyright Essential Edge Ltd. All rights reserved.