Marketing and Sales

Joint efforts, combining short and long-term results

The basic task of marketing and sales is to influence people, whether they are individual consumers business-to-business clients. From the management perspective, it is critical that creating a path for customers, rather than engaging in individual sales and marketing processes, lies at the heart of the work done. The message conveyed has to be coherent notwithstanding where the customer is on the path.

Although the basic concepts and tasks of marketing and sales have not changed, their definitions have transformed over time. Traditional campaign marketing is based on "pushing" information from a business to customers However, content marketing has introduced a new dimension to sales and marketing.

Companies are even training consumers and solving their problems, rather than engaging in advertising and promotion."

The transition from outbound marketing to inbound marketing has also highlighted the importance of customer orientation. Instead of companies focusing on individual, often product-oriented, short-term marketing campaigns, the discussion has turned to continuous process and activities based on a customer-oriented perspective. Companies are even training consumers and solving their problems, rather than engaging in advertising and promotion. In a nutshell, there has been a switch from pushing products towards providing help, interactive dialogue and co-creation.

Seamless customer experiences at the heart of activities

Managing the customer experience has become a key source of competitive advantage. Unique experiences which the customer remembers are critical to becoming differentiated from competitors. According to a survey by Oracle, up to 89 percent of consumers have ended a customer relationship due to a poor customer experience. On the other hand, 86 percent of customers would be willing to pay more for a service if the customer experience were better. This shows that fulfilling and exceeding customers’ expectations always pays for itself.

Measuring is of essence

Successful marketing uses indicators and calculates the impact on cash flow, profitability and sales, whereas sales have their own metrics. This means defining clear responsibilities and metrics for both marketing and sales.

Information and internal data are the key to measurement. Data is a key driver of business, but it is not valuable in itself; an organization requires the capabilities and tools to use it.

Personalization is a "must"

However, innovation should not be forgotten at a time when data has become a key driver of business, artificial intelligence is an everyday phenomenon, and technologies and their exploitation are critical success factors. Both content and its targeting must be personalized. However, the life spans of both content and experiences have become shorter and differentiation is growing in importance. Innovation is a necessity, since products and services are increasingly evaluated on the basis of what new things they genuinely bring.

The task of a brand is to increase a company's value; strategic brand management is about developing enterprise value. This is not about drawing up marketing plans, promoting customer relationships through individual actions, or year-long intervals. A brand is not a logo, product, or service. A brand is an experience formed from individual, interactive encounters between a customer and business.