Ecosystems, how to play for small players
Lately, we have talked a lot about ecosystems, in particular business ecosystems. Normally, business ecosystems follow a hub and spoke model rather than a network approach; one major player sets it up, and then adds customers and partners like independent software vendors, systems integrators, analysts, consultants, suppliers, or other similar entities. Good examples of successful ecosystems are the ones around the big four enterprise software vendors: Microsoft, Oracle, Salesforce and SAP. Sure, there are other ones, but these are easy reference examples. In theory, ecosystems shall provide more value to customers, better serving their needs by making it easier for them to get access to information, knowledge, skills and productized enhancements to the core solution that they chose to implement. They also get a broader choice of possible enhancements, provided by different vendors in the ecosystem. Of course, this also benefits the other participating stakeholders. Customers are, of course, an important group of every ecosystem. Treating them as partners helps the platform company to create a transparent prioritization process for delivering requested new functionalities that extend the own solution in an optimal way. Not all customers provide the necessary input, though. For the platform provider, the ecosystem creates stickiness. Still, this company cannot develop and provide all the functionality that is ever needed by its customers. Nor can it provide sufficient implementation services. And it does not want to, either. So, it needs ISVs and SIs as members of its ecosystem to provide this functionality, either as products, or as consulting solutions. What these companies deliver on top of the core solution also increases the attractiveness of the ecosystem. ...
How to avoid the looming CRM crisis
A short while ago the CRMKonvos team had the opportunity to invite Frank Tjaben of SugarCRM into our living rooms or home offices for a lively discussion about whether businesses are facing a crisis of customer relationship management and if so, why. To use some slightly clichéd terminology, Frank has been both a hunter and a farmer throughout his career, putting him in a unique place to talk about exactly this topic. He has seen it from both sides—as a user and seller of CRM software. He started his career as a call center agent, and then held various sales and sales management positions, including customer advisory roles for both enterprise organisations and SMBs. He says that a sales person’s main objective is to get into an as good as possible dialogue with the customer, regardless of one’s actual role. At the end of the day it is about solving a customer’s problem. He firmly believes that those who understand the customer best are the ones who close the deal. This is where the value of CRM systems begins. These systems are good for managing to-dos and activities, which is important in sales. It is important to be reliable. “It might sound conservative, but then sales is a conservative craft,” Frank says. “If you make an appointment for next week, then this is what is meant, an appointment.” He maintains that this, although important, is only a part of it. It only looks at the basics. The business evolves. Therefore, customers need to also know that the vendor’s product vision matches their future needs. The big question is: What...
How to avoid the CRM crisis
Customer relationships are on the cusp of a crisis, are they? And if this observation is correct, what can we do to avoid the crisis, or even get out of it in case we happen to have taken the step over the precipice? In this CRMKonvo – sponsored by SugarCRM – amongst other things, we talk about the results of the 2021 CRM and sales impact report. Core questions are what has a positive, or negative, impact on sales performance or customer loyalty. The report covers insight gained by 1,000 sales pros. We are discussing with Frank Tjaben, who moved on to sales after having gained considerable experience in various different roles in call centers and other types of organizations. Frank now uses his experience on the other side of the force and has a lot of interesting stories to tell about how a CRM helps or does not help, depending on its implementation. This CRMKonvo is in German language (the report is available in German and English language and definitely worthwhile having a look at)....