By 2026, B2B sales organizations that unify commercial strategies and leverage multithreaded commercial strategies will realize revenue growth that outperforms the competition by 50%.
Gartner explains that sales leaders must rethink their go-to-market strategies with what Gartner calls “orchestrated customer engagement” to better align to today’s buying behaviours.
Orchestrated customer engagement helps commercial leaders transition to strategies that are more adaptable to fast-evolving buyer dynamics, ensuring the entire commercial organization – sales, marketing, and customer service – can meet customers where, when and how they want to be met.
“Many sales and commercial leaders believe meeting face-to-face with customers is the panacea to bolstering commercial performance, especially as they navigate through the pandemic recovery. The harsh reality is that yesterday’s strategy is less effective today and not what the best organizations are doing for tomorrow’s success,” said Dave Egloff, vice president analyst in the Gartner Sales practice.
He remains hopeful that transformative digital investments and technology give commercial leaders more capabilities than ever before to decisively adapt to today’s ever-evolving buying team dynamics and preferences.
B2B buyers today spend only 24% of their buying time meeting with potential suppliers. This is being driven by a number of factors: the increasing amount of credible but conflicting information they find online, the growing number of internal stakeholders on the buying team (now ranging anywhere from 11 to 20 individuals) and the fact that 54% of Millennial customers prefer a rep-free buying experience.
Eggloff said commercial leaders must focus on making sellers more effective in execution and buyers more confident in their purchasing decisions. This starts when customers’ needs come first.
“Better purchasing decisions occur when coordinated touchpoints unify buying teams. It thrives when marketing, sales and service organize around a common understanding of customers’ situations and buying team engagement,” he continued.
According to Gartner, orchestrated customer engagement consists of three fundamental strategies:
Most sales organizations treat customers largely the same by applying a standardized engagement process that discounts each customer’s unique situation. However, these traditional approaches are less effective because customer situations are increasingly different.
The divergences between situation and generalized approaches trigger disconnects between what the playbook suggests and what the buying team needs.
Situational awareness is built upon the premise that every buying situation is unique, but with patterns that repeat across organizations. Commercial teams that work to understand the customer’s perspective will outperform competitors.
Unlike traditional opportunity management approaches, multithreaded engagement acknowledges that customers have more options, more internal stakeholders, and an unpredictable purchase journey.
This strategy can help to orchestrate the timing, delivery, and messaging – integrating seller and digital experiences – across all stakeholders within a buying team. This ultimately helps to expedite consensus on a commercial decision.
Most commercial teams still formulate strategies and execute plans based on functional silos, leading to operational inefficiencies, misaligned priorities, and generic messaging.
Organizations can overcome these challenges by pursuing a strategy of commercial convergence, which requires strategic and tactical alignment between marketing, sales, and service to create a mindset of value and cooperation across the enterprise silos.
This practice aligns the strategies, functions and KPIs of commercial stakeholders to enable situational awareness and multithreaded engagement while accelerating revenue generation and reducing cost and complexity.